Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.63B |
| 2 |
Meta Platforms (Facebook)
META
|
+$798M |
| 3 |
MongoDB
MDB
|
+$663M |
| 4 |
HubSpot
HUBS
|
+$364M |
| 5 |
Arm
ARM
|
+$351M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
NVIDIA
NVDA
|
+$993M |
| 3 |
S&P Global
SPGI
|
+$603M |
| 4 |
UnitedHealth
UNH
|
+$585M |
| 5 |
DexCom
DXCM
|
+$337M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.88% |
| 2 | Consumer Discretionary | 20.92% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
FIVE9
FIVN
$2.28B
| – | – |
-225,216
| Closed | -$18.6M |
|
577
The GEO Group
GEO
$4.17B
| – | – |
-92,243
| Closed | -$660K |
|
578
Golar LNG
GLNG
$5.07B
| – | – |
-42,391
| Closed | -$855K |
|
579
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.89B
| – | – |
-187,691
| Closed | -$4.69M |
|
580
Harmonic Inc
HLIT
$1.32B
| – | – |
-53,309
| Closed | -$862K |
|
|
IAS
581
DELISTED
Integral Ad Science
IAS
| – | – |
-34,157
| Closed | -$614K |
|
582
Icon
ICLR
$12.7B
| – | – |
-2,969
| Closed | -$743K |
|
583
Lazard
LAZ
$4.28B
| – | – |
-398,621
| Closed | -$12.8M |
|
584
Liberty Energy
LBRT
$3.18B
| – | – |
-61,752
| Closed | -$826K |
|
585
Lantheus
LNTH
$6.6B
| – | – |
-7,246
| Closed | -$608K |
|
586
Seres Therapeutics
MCRB
$50.9M
| – | – |
-69,618
| Closed | -$6.67M |
|
587
Mineralys Therapeutics
MLYS
$2.36B
| – | – |
-355,475
| Closed | -$6.06M |
|
588
Newmont
NEM
$110B
| – | – |
-8,197
| Closed | -$350K |
|
589
Nutrien
NTR
$31.7B
| – | – |
-56,272
| Closed | -$3.32M |
|
590
Envista
NVST
$4.54B
| – | – |
-918,105
| Closed | -$31.1M |
|
591
NorthWestern Energy
NWE
$4.22B
| – | – |
-10,854
| Closed | -$616K |
|
592
Oscar Health
OSCR
$9.26B
| – | – |
-83,354
| Closed | -$672K |
|
593
OneSpaWorld
OSW
$2.69B
| – | – |
-51,545
| Closed | -$624K |
|
594
Pacific Biosciences
PACB
$419M
| – | – |
-59,408
| Closed | -$790K |
|
595
Pliant Therapeutics
PLRX
$65.6M
| – | – |
-50,824
| Closed | -$921K |
|
596
Qualcomm
QCOM
$166B
| – | – |
-538,127
| Closed | -$64.1M |
|
597
Roblox
RBLX
$25.7B
| – | – |
-4,354,566
| Closed | -$175M |
|
598
SBA Communications
SBAC
$18.5B
| – | – |
-9,054
| Closed | -$2.1M |
|
599
Sally Beauty Holdings
SBH
$1.56B
| – | – |
-55,096
| Closed | -$680K |
|
600
Shoals Technologies Group
SHLS
$1.5B
| – | – |
-25,510
| Closed | -$652K |
|
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Jennison Associates's Q3 2023 Portfolio in Review
As of Q3 2023, Jennison Associates held 616 positions worth $118B, down 3.4% from $122B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Jennison Associates's Q3 2023 filing shows 52 new, 258 increased, 247 reduced and 55 closed positions. Its largest new stake was Arm: 6,352,109 shares worth $340M. The largest sale was Apple, an estimated $2B.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2023 buy was Arm: 6,352,109 shares worth $340M.
- Jennison Associates added most to Amazon in Q3 2023, an estimated $1.63B increase.
- Jennison Associates's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Jennison Associates fully exited Roblox in Q3 2023, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 43% of its $118B portfolio in Q3 2023.
- Jennison Associates opened 52 new positions and closed 55 in Q3 2023.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $118B.
Based on Jennison Associates's 13F filing for Q3 2023, filed 31 Oct 2023.