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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
Pool Corp
POOL
$7.39B
| – | – |
-656
| Closed | -$230K |
|
652
Prothena Corp
PRTA
$444M
| – | – |
-24,016
| Closed | -$652K |
|
653
Public Storage
PSA
$61B
| – | – |
-1,883
| Closed | -$589K |
|
654
Repligen
RGEN
$8.45B
| – | – |
-76,573
| Closed | -$12.4M |
|
655
Sinclair Inc
SBGI
$1.01B
| – | – |
-31,843
| Closed | -$650K |
|
656
Southern Copper
SCCO
$163B
| – | – |
-4,384
| Closed | -$202K |
|
|
SEM
657
DELISTED
Select Medical
SEM
| – | – |
-84,079
| Closed | -$1.07M |
|
658
Simply Good Foods
SMPL
$1B
| – | – |
-32,814
| Closed | -$1.24M |
|
659
Snap
SNAP
$9.74B
| – | – |
-15,040,804
| Closed | -$197M |
|
660
Suncor Energy
SU
$76.1B
| – | – |
-443,068
| Closed | -$15.5M |
|
|
TGNA
661
DELISTED
TEGNA Inc
TGNA
| – | – |
-29,756
| Closed | -$624K |
|
662
Travel + Leisure Co
TNL
$4.78B
| – | – |
-26,991
| Closed | -$1.05M |
|
663
Tapestry
TPR
$31.5B
| – | – |
-30,174
| Closed | -$921K |
|
664
Terreno Realty
TRNO
$7.44B
| – | – |
-15,837
| Closed | -$883K |
|
665
TTM Technologies
TTMI
$13.8B
| – | – |
-56,748
| Closed | -$709K |
|
666
Vanguard FTSE Developed Markets ETF
VEA
$234B
| – | – |
-11,119
| Closed | – |
|
667
Valley National Bancorp
VLY
$8.23B
| – | – |
-120,949
| Closed | -$1.26M |
|
668
Warner Bros
WBD
$64.7B
| – | – |
-42,109
| Closed | -$565K |
|
669
Western Digital
WDC
$189B
| – | – |
-9,663
| Closed | -$327K |
|
670
Woodside Energy
WDS
$42.6B
| – | – |
-48,027
| Closed | -$1.03M |
|
671
Werner Enterprises
WERN
$2.3B
| – | – |
-27,896
| Closed | -$1.07M |
|
672
Warby Parker
WRBY
$3.67B
| – | – |
-276,675
| Closed | -$3.12M |
|
673
Essential Utilities
WTRG
$11.2B
| – | – |
-1,113,074
| Closed | -$51M |
|
674
XPeng
XPEV
$11.5B
| – | – |
-721,258
| Closed | -$22.9M |
|
675
Zscaler
ZS
$26.4B
| – | – |
-1,882
| Closed | -$281K |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.