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 | |
|---|---|---|---|---|---|---|
51
Twilio
TWLO
$29.8B
| $465M | 0.34% |
2,822,772
-113,897
| -4% | -$20.8M |
|
|
GTM
52
ZoomInfo Technologies
GTM
$1.05B
| $446M | 0.33% |
7,462,240
+1,871,380
| +33% | +$100M |
|
53
Roblox
RBLX
$26.2B
| $399M | 0.29% |
8,625,836
-4,801,816
| -36% | -$290M |
|
54
Bristol-Myers Squibb
BMY
$134B
| $396M | 0.29% |
5,424,785
+1,904,959
| +54% | +$128M |
|
55
American Tower
AMT
$80.6B
| $381M | 0.28% |
1,518,225
+1,399,946
| +1,184% | +$342M |
|
56
O'Reilly Automotive
ORLY
$73.3B
| $348M | 0.26% |
7,624,035
+6,335,565
| +492% | +$283M |
|
57
Union Pacific
UNP
$173B
| $347M | 0.26% |
1,268,407
+83,941
| +7% | +$21.2M |
|
58
Globant
GLOB
$1.6B
| $335M | 0.25% |
1,276,485
+87,562
| +7% | +$22.2M |
|
59
argenx
ARGX
$52B
| $321M | 0.24% |
1,017,415
+192,844
| +23% | +$56.1M |
|
60
Dominion Energy
D
$60.5B
| $317M | 0.23% |
3,726,099
-686,300
| -16% | -$55.1M |
|
61
AbbVie
ABBV
$433B
| $313M | 0.23% |
1,928,861
+50,443
| +3% | +$7.33M |
|
62
Cheniere Energy
LNG
$54.1B
| $290M | 0.21% |
2,090,590
-176,584
| -8% | -$21.5M |
|
63
Spotify
SPOT
$100B
| $285M | 0.21% |
1,885,460
-694,634
| -27% | -$119M |
|
64
Okta
OKTA
$24.6B
| $272M | 0.2% |
1,804,757
-1,178,563
| -40% | -$211M |
|
65
JPMorgan Chase
JPM
$937B
| $255M | 0.19% |
1,868,598
-346,328
| -16% | -$51.1M |
|
66
Targa Resources
TRGP
$56.8B
| $253M | 0.19% |
3,353,156
-16,281
| -0.5% | -$1.03M |
|
67
Crown Holdings
CCK
$13B
| $251M | 0.18% |
2,008,000
+235,538
| +13% | +$27.8M |
|
68
CenterPoint Energy
CNP
$27.6B
| $247M | 0.18% |
8,067,664
+9,087
| +0.1% | +$255K |
|
69
AstraZeneca
AZN
$245B
| $243M | 0.18% |
1,828,745
+418,787
| +30% | +$50.2M |
|
70
dLocal
DLO
$4.51B
| $237M | 0.17% |
7,586,639
+877,508
| +13% | +$26.5M |
|
71
Linde
LIN
$222B
| $226M | 0.17% |
708,859
-37,859
| -5% | -$11.7M |
|
|
XIFR
72
XPLR Infrastructure LP
XIFR
$1.12B
| $223M | 0.16% |
2,678,585
-74,007
| -3% | -$5.69M |
|
73
Humana
HUM
$45B
| $212M | 0.16% |
486,602
-175,686
| -27% | -$73.5M |
|
74
PNC Financial Services
PNC
$100B
| $208M | 0.15% |
1,128,464
-105,906
| -9% | -$21.4M |
|
75
Chubb
CB
$134B
| $207M | 0.15% |
967,647
-160,953
| -14% | -$32.7M |
|
Similar funds
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.