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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
601
Altria Group
MO
$114B
| $400K | ﹤0.01% |
+9,587
| New | +$496K |
|
602
iShares MSCI EAFE ETF
EFA
$78B
| $391K | ﹤0.01% |
+6,260
| New | +$426K |
|
603
iShares North American Natural Resources ETF
IGE
$741M
| $373K | ﹤0.01% |
+10,368
| New | +$421K |
|
604
JELD-WEN Holding
JELD
$122M
| $366K | ﹤0.01% |
25,110
-2,320,864
| -99% | -$42.2M |
|
605
Factset
FDS
$9.36B
| $351K | ﹤0.01% |
+913
| New | +$357K |
|
|
ARCH
606
DELISTED
Arch Resources, Inc.
ARCH
| $341K | ﹤0.01% |
+2,381
| New | +$379K |
|
607
Western Digital
WDC
$188B
| $327K | ﹤0.01% |
+9,663
| New | +$388K |
|
608
Flywire
FLYW
$1.98B
| $318K | ﹤0.01% |
+18,055
| New | +$419K |
|
609
Zscaler
ZS
$24.5B
| $281K | ﹤0.01% |
1,882
+170
| +10% | +$30.1K |
|
610
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $268K | ﹤0.01% |
648
-2,773
| -81% | -$1.25M |
|
611
Pool Corp
POOL
$6.75B
| $230K | ﹤0.01% |
656
-14
| -2% | -$5.55K |
|
612
Southern Copper
SCCO
$143B
| $202K | ﹤0.01% |
4,384
-94,860
| -96% | -$5.48M |
|
613
Ameris Bancorp
ABCB
$5.85B
| – | – |
-30,277
| Closed | -$1.33M |
|
614
Align Technology
ALGN
$12.1B
| – | – |
-416,813
| Closed | -$182M |
|
615
Ambarella
AMBA
$3.77B
| – | – |
-8,299
| Closed | -$871K |
|
616
AMC Global Media
AMCX
$492M
| – | – |
-23,789
| Closed | -$967K |
|
617
Arvinas
ARVN
$518M
| – | – |
-238,774
| Closed | -$16.1M |
|
618
Academy Sports + Outdoors
ASO
$2.94B
| – | – |
-26,783
| Closed | -$1.05M |
|
619
Avista
AVA
$3.34B
| – | – |
-32,250
| Closed | -$1.46M |
|
620
American Water Works
AWK
$26.7B
| – | – |
-420,471
| Closed | -$69.6M |
|
621
AZZ Inc
AZZ
$4.35B
| – | – |
-24,679
| Closed | -$1.19M |
|
622
Bath & Body Works
BBWI
$4.06B
| – | – |
-44,316
| Closed | -$2.12M |
|
623
Best Buy
BBY
$18.2B
| – | – |
-7,864
| Closed | -$715K |
|
624
BJs Wholesale Club
BJ
$12.5B
| – | – |
-222,253
| Closed | -$15M |
|
625
BioNTech
BNTX
$22.9B
| – | – |
-185,818
| Closed | -$31.7M |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.