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 | |
|---|---|---|---|---|---|---|
601
J.M. Smucker
SJM
$12.7B
| – | – |
-6,504
| Closed | -$960K |
|
|
SLRN
602
DELISTED
ACELYRIN
SLRN
| – | – |
-200,000
| Closed | -$4.18M |
|
603
Transmedics
TMDX
$2.58B
| – | – |
-4,236
| Closed | -$356K |
|
|
TMHC
604
DELISTED
Taylor Morrison
TMHC
| – | – |
-29,876
| Closed | -$1.46M |
|
605
T-Mobile US
TMUS
$186B
| – | – |
-813,073
| Closed | -$113M |
|
606
TC Energy
TRP
$67B
| – | – |
-158,813
| Closed | -$6.42M |
|
607
Toro Company
TTC
$9.45B
| – | – |
-53,548
| Closed | -$5.44M |
|
608
Valaris
VAL
$5.36B
| – | – |
-14,312
| Closed | -$901K |
|
609
Xylem
XYL
$28.4B
| – | – |
-59,204
| Closed | -$6.67M |
|
610
Yelp
YELP
$1.44B
| – | – |
-27,588
| Closed | -$1M |
|
|
GTM
611
ZoomInfo Technologies
GTM
$1.1B
| – | – |
-873,130
| Closed | -$22.2M |
|
|
NVRO
612
DELISTED
NEVRO CORP.
NVRO
| – | – |
-217,705
| Closed | -$5.53M |
|
|
CTLT
613
DELISTED
CATALENT, INC.
CTLT
| – | – |
-112,059
| Closed | -$4.86M |
|
|
SGEN
614
DELISTED
Seagen Inc. Common Stock
SGEN
| – | – |
-171,813
| Closed | -$33.1M |
|
|
MMP
615
DELISTED
Magellan Midstream Partners, L.P.
MMP
| – | – |
-551,942
| Closed | -$34.4M |
|
|
PDCE
616
DELISTED
PDC Energy, Inc.
PDCE
| – | – |
-1,148,113
| Closed | -$81.7M |
|
Similar funds
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.