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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Upstart Holdings
UPST
$2.94B
| $722K | ﹤0.01% |
+6,621
| New | +$763K |
|
602
Best Buy
BBY
$17.8B
| $715K | ﹤0.01% |
+7,864
| New | +$779K |
|
603
Dell
DELL
$299B
| $708K | ﹤0.01% |
14,116
-35,422
| -72% | -$1.98M |
|
604
Dover
DOV
$28.3B
| $627K | ﹤0.01% |
3,995
-3,668
| -48% | -$602K |
|
605
J.M. Smucker
SJM
$12.7B
| $618K | ﹤0.01% |
+4,565
| New | +$622K |
|
606
Nurix Therapeutics
NRIX
$2.61B
| $613K | ﹤0.01% |
43,755
-867,249
| -95% | -$15.4M |
|
607
Paylocity
PCTY
$8.18B
| $565K | ﹤0.01% |
+2,744
| New | +$555K |
|
608
Vanguard Morningstar Growth ETF
VUG
$230B
| $528K | ﹤0.01% |
11,022
-50,562
| -82% | -$2.39M |
|
609
KB Home
KBH
$3.61B
| $478K | ﹤0.01% |
14,748
-2,246
| -13% | -$88.5K |
|
610
Cognizant
CTSH
$25.1B
| $439K | ﹤0.01% |
+4,891
| New | +$430K |
|
611
CS Disco
LAW
$260M
| $439K | ﹤0.01% |
+12,932
| New | +$424K |
|
612
Zscaler
ZS
$26.1B
| $413K | ﹤0.01% |
+1,712
| New | +$421K |
|
|
NVMI
613
Nova
NVMI
$12.8B
| $392K | ﹤0.01% |
3,601
-32,260
| -90% | -$3.77M |
|
614
Mettler-Toledo International
MTD
$28.5B
| $367K | ﹤0.01% |
267
+55
| +26% | +$79.4K |
|
615
BP
BP
$106B
| $363K | ﹤0.01% |
+12,345
| New | +$376K |
|
616
Dynatrace
DT
$14.8B
| $319K | ﹤0.01% |
6,782
-4,566,182
| -100% | -$215M |
|
|
617
PayPal
PYPL
$49.6B
| $293K | ﹤0.01% |
2,536
-6,486,486
| -100% | -$863M |
|
618
Pool Corp
POOL
$7.51B
| $283K | ﹤0.01% |
670
-3,329
| -83% | -$1.55M |
|
619
SiteOne Landscape Supply
SITE
$4.45B
| $280K | ﹤0.01% |
1,730
-16,556
| -91% | -$3.01M |
|
|
DCBO
620
Docebo
DCBO
$523M
| $273K | ﹤0.01% |
+5,263
| New | +$270K |
|
621
Floor & Decor
FND
$6.68B
| $256K | ﹤0.01% |
3,162
-30,168
| -91% | -$3.06M |
|
622
Unity
U
$15.5B
| $253K | ﹤0.01% |
2,551
+196
| +8% | +$20.3K |
|
623
Crown Castle
CCI
$32.3B
| $251K | ﹤0.01% |
+1,360
| New | +$242K |
|
|
HCP
624
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $225K | ﹤0.01% |
4,163
-218,890
| -98% | -$12.7M |
|
625
Acadia Pharmaceuticals
ACAD
$4.96B
| – | – |
-58,139
| Closed | -$1.36M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.