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 | |
|---|---|---|---|---|---|---|
626
Avis
CAR
$4.86B
| – | – |
-3,924
| Closed | -$1.03M |
|
627
Cathay General Bancorp
CATY
$4.21B
| – | – |
-22,263
| Closed | -$996K |
|
628
Cognex
CGNX
$10.9B
| – | – |
-268,706
| Closed | -$20.7M |
|
629
Charter Communications
CHTR
$17.4B
| – | – |
-1,358
| Closed | -$741K |
|
|
CHX
630
DELISTED
ChampionX
CHX
| – | – |
-44,410
| Closed | -$1.09M |
|
|
CIO
631
DELISTED
City Office REIT
CIO
| – | – |
-90,457
| Closed | -$1.6M |
|
632
Commercial Metals
CMC
$7.63B
| – | – |
-31,253
| Closed | -$1.3M |
|
633
Capital One
COF
$127B
| – | – |
-816,808
| Closed | -$107M |
|
634
Cohu
COHU
$2.31B
| – | – |
-31,585
| Closed | -$935K |
|
635
Columbia Sportswear
COLM
$3.06B
| – | – |
-17,066
| Closed | -$1.54M |
|
636
Carvana
CVNA
$67.5B
| – | – |
-1,318,775
| Closed | -$31.5M |
|
|
DCBO
637
Docebo
DCBO
$519M
| – | – |
-5,263
| Closed | -$273K |
|
|
DFS
638
DELISTED
Discover Financial Services
DFS
| – | – |
-7,004
| Closed | -$772K |
|
639
D.R. Horton
DHI
$40.2B
| – | – |
-73,280
| Closed | -$5.46M |
|
640
Walt Disney
DIS
$167B
| – | – |
-388,432
| Closed | -$53.3M |
|
641
Dover
DOV
$27.6B
| – | – |
-3,995
| Closed | -$627K |
|
642
Dynatrace
DT
$12.8B
| – | – |
-6,782
| Closed | -$319K |
|
643
Enovis
ENOV
$1.67B
| – | – |
-824,125
| Closed | -$56.4M |
|
644
Expeditors International
EXPD
$22B
| – | – |
-7,375
| Closed | -$761K |
|
645
Extreme Networks
EXTR
$4B
| – | – |
-88,481
| Closed | -$1.08M |
|
|
FARO
646
DELISTED
Faro Technologies
FARO
| – | – |
-194,533
| Closed | -$10.1M |
|
647
FedEx
FDX
$73B
| – | – |
-10,921
| Closed | -$2.53M |
|
648
Five Below
FIVE
$11.9B
| – | – |
-204,922
| Closed | -$32.5M |
|
649
Floor & Decor
FND
$6.35B
| – | – |
-3,162
| Closed | -$256K |
|
650
Fulton Financial
FULT
$4.66B
| – | – |
-123,434
| Closed | -$2.05M |
|
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.