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 |
Advanced Micro Devices
AMD
|
+$1.32B |
| 2 |
AstraZeneca
AZN
|
+$733M |
| 3 |
Microsoft
MSFT
|
+$728M |
| 4 |
Cadence Design Systems
CDNS
|
+$720M |
| 5 |
Moody's
MCO
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alcon
ALC
|
+$1.43B |
| 2 |
Estee Lauder
EL
|
+$872M |
| 3 |
Eli Lilly
LLY
|
+$626M |
| 4 |
Netflix
NFLX
|
+$521M |
| 5 |
UnitedHealth
UNH
|
+$466M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.19% |
| 2 | Consumer Discretionary | 19.62% |
| 3 | Healthcare | 16.16% |
| 4 | Financials | 9.12% |
| 5 | Communication Services | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CYBR
601
DELISTED
CyberArk
CYBR
| – | – |
-688,276
| Closed | -$89.2M |
|
|
EVRI
602
DELISTED
Everi Holdings
EVRI
| – | – |
-67,551
| Closed | -$969K |
|
603
First Bancorp
FBP
$4.44B
| – | – |
-86,785
| Closed | -$1.1M |
|
604
Factset
FDS
$9.89B
| – | – |
-8,904
| Closed | -$3.57M |
|
605
First Financial Bancorp
FFBC
$3.61B
| – | – |
-53,142
| Closed | -$1.29M |
|
|
FFWM
606
DELISTED
First Foundation Inc
FFWM
| – | – |
-617,253
| Closed | -$8.85M |
|
607
Fastly Inc
FSLY
$4.07B
| – | – |
-95,450
| Closed | -$782K |
|
608
Hancock Whitney
HWC
$6.3B
| – | – |
-30,186
| Closed | -$1.46M |
|
609
ICICI Bank
IBN
$109B
| – | – |
-4,644,701
| Closed | -$102M |
|
610
Innoviva
INVA
$1.51B
| – | – |
-73,801
| Closed | -$978K |
|
611
JD.com
JD
$43.9B
| – | – |
-311,332
| Closed | -$17.5M |
|
612
Keurig Dr Pepper
KDP
$41.8B
| – | – |
-374,928
| Closed | -$13.4M |
|
|
KW
613
DELISTED
Kennedy-Wilson Holdings
KW
| – | – |
-46,613
| Closed | -$733K |
|
614
LXP Industrial Trust
LXP
$3.58B
| – | – |
-15,987
| Closed | -$801K |
|
615
Metropolitan Bank Holding Corp
MCB
$1.17B
| – | – |
-10,690
| Closed | -$627K |
|
616
MGP Ingredients
MGPI
$379M
| – | – |
-3,202
| Closed | -$341K |
|
617
OFG Bancorp
OFG
$2.25B
| – | – |
-40,304
| Closed | -$1.11M |
|
618
ONE Gas
OGS
$4.97B
| – | – |
-12,975
| Closed | -$982K |
|
619
PENN Entertainment
PENN
$2.63B
| – | – |
-560,381
| Closed | -$16.6M |
|
620
Red Rock Resorts
RRR
$3.56B
| – | – |
-22,804
| Closed | -$912K |
|
621
Sweetgreen
SG
$725M
| – | – |
-695,586
| Closed | -$5.96M |
|
622
Steven Madden
SHOO
$3.59B
| – | – |
-34,315
| Closed | -$1.1M |
|
623
Shopify
SHOP
$187B
| – | – |
-930,733
| Closed | -$32.3M |
|
624
SOPHiA GENETICS
SOPH
$529M
| – | – |
-1,209,055
| Closed | -$2.49M |
|
625
Spotify
SPOT
$99.1B
| – | – |
-1,871,428
| Closed | -$148M |
|
Similar funds
Jennison Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Jennison Associates held 644 positions worth $109B, up 10% from $98.7B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Jennison Associates withdrew a net $3.94B in Q1 2023, closing 63 positions and reducing 280 holdings. Its most notable exit was Alcon, an estimated $1.43B position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Advanced Micro Devices worth $1.59B.
- Jennison Associates's largest Q1 2023 buy was Advanced Micro Devices: 16,272,765 shares worth $1.59B.
- Jennison Associates added most to AstraZeneca in Q1 2023, an estimated $733M increase.
- Jennison Associates's biggest Q1 2023 reduction was Estee Lauder, cutting an estimated $872M.
- Jennison Associates fully exited Alcon in Q1 2023, selling an estimated $1.43B.
- Jennison Associates's ten largest holdings make up 39% of its $109B portfolio in Q1 2023.
- Jennison Associates opened 73 new positions and closed 63 in Q1 2023.
- Jennison Associates's portfolio value rose 10% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2023, filed 26 Apr 2023.