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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
676
L3Harris
LHX
$53.1B
| – | – |
-98,413
| Closed | -$21M |
|
677
Southwest Airlines
LUV
$23.8B
| – | – |
-21,984
| Closed | -$942K |
|
678
Medpace
MEDP
$16.1B
| – | – |
-7,668
| Closed | -$1.67M |
|
679
Maximus
MMS
$3.33B
| – | – |
-12,110
| Closed | -$965K |
|
680
MSCI
MSCI
$41.5B
| – | – |
-1,456
| Closed | -$892K |
|
681
Mueller Water Products
MWA
$4.16B
| – | – |
-567,942
| Closed | -$8.18M |
|
682
Omnicell
OMCL
$1.69B
| – | – |
-5,996
| Closed | -$1.08M |
|
683
Option Care Health
OPCH
$3.55B
| – | – |
-31,451
| Closed | -$894K |
|
684
Oric Pharmaceuticals
ORIC
$1.39B
| – | – |
-985,072
| Closed | -$14.5M |
|
685
Payoneer
PAYO
$2.41B
| – | – |
-3,193,731
| Closed | -$23.5M |
|
686
Praxis Precision Medicines
PRAX
$8.64B
| – | – |
-12,922
| Closed | -$3.82M |
|
687
ProQR Therapeutics
PRQR
$258M
| – | – |
-1,814,330
| Closed | -$14.5M |
|
688
RH
RH
$3.56B
| – | – |
-1,678
| Closed | -$899K |
|
689
RingCentral
RNG
$5.09B
| – | – |
-149,745
| Closed | -$28.1M |
|
690
Roku
ROKU
$21.9B
| – | – |
-92,311
| Closed | -$21.1M |
|
691
Red Rock Resorts
RRR
$3.76B
| – | – |
-15,013
| Closed | -$826K |
|
692
Starbucks
SBUX
$120B
| – | – |
-8,238
| Closed | -$964K |
|
693
Sprouts Farmers Market
SFM
$8.03B
| – | – |
-78,051
| Closed | -$2.32M |
|
694
Shoals Technologies Group
SHLS
$1.55B
| – | – |
-114,708
| Closed | -$2.79M |
|
695
SITE Centers
SITC
$166M
| – | – |
-158,711
| Closed | -$1.96M |
|
696
SiTime
SITM
$17.5B
| – | – |
-5,097
| Closed | -$1.49M |
|
697
Spire
SR
$4.7B
| – | – |
-25,469
| Closed | -$1.66M |
|
698
Sarepta Therapeutics
SRPT
$1.73B
| – | – |
-304,735
| Closed | -$27.4M |
|
699
SouthState Bank Corp
SSB
$10.6B
| – | – |
-16,882
| Closed | -$1.35M |
|
700
Shutterstock
SSTK
$221M
| – | – |
-8,426
| Closed | -$934K |
|
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Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.