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 | |
|---|---|---|---|---|---|---|
51
Target
TGT
$66.3B
| $322M | 0.32% |
2,281,776
-1,631,300
| -42% | -$313M |
|
52
Palo Alto Networks
PANW
$256B
| $316M | 0.32% |
3,834,234
+3,049,164
| +388% | +$270M |
|
53
Bristol-Myers Squibb
BMY
$129B
| $315M | 0.31% |
4,095,291
-1,329,494
| -25% | -$101M |
|
54
HubSpot
HUBS
$12.9B
| $298M | 0.3% |
992,299
-1,338
| -0.1% | -$489K |
|
55
Dominion Energy
D
$62.1B
| $297M | 0.3% |
3,725,888
-211
| -0% | -$17.4K |
|
56
AstraZeneca
AZN
$269B
| $272M | 0.27% |
2,057,663
+228,918
| +13% | +$30M |
|
|
57
Netflix
NFLX
$307B
| $256M | 0.26% |
14,636,570
-36,786,140
| -72% | -$816M |
|
58
CenterPoint Energy
CNP
$28.3B
| $244M | 0.24% |
8,265,314
+197,650
| +2% | +$6.08M |
|
59
Targa Resources
TRGP
$56.8B
| $224M | 0.22% |
3,751,932
+398,776
| +12% | +$28.6M |
|
60
JPMorgan Chase
JPM
$916B
| $223M | 0.22% |
1,981,128
+112,530
| +6% | +$13.9M |
|
|
GTM
61
ZoomInfo Technologies
GTM
$1.03B
| $219M | 0.22% |
6,581,571
-880,669
| -12% | -$38.9M |
|
62
AbbVie
ABBV
$465B
| $218M | 0.22% |
1,421,550
-507,311
| -26% | -$77.5M |
|
63
Ameren
AEE
$30.4B
| $207M | 0.21% |
2,290,117
+139,080
| +6% | +$12.9M |
|
64
dLocal
DLO
$4.29B
| $204M | 0.2% |
7,756,991
+170,352
| +2% | +$4.36M |
|
65
Nu Holdings
NU
$67.8B
| $202M | 0.2% |
54,097,749
+31,058,411
| +135% | +$158M |
|
|
XIFR
66
XPLR Infrastructure LP
XIFR
$1.04B
| $198M | 0.2% |
2,666,197
-12,388
| -0.5% | -$889K |
|
67
Snap
SNAP
$7.96B
| $197M | 0.2% |
15,040,804
-19,187,620
| -56% | -$438M |
|
68
Chubb
CB
$140B
| $195M | 0.19% |
989,936
+22,289
| +2% | +$4.59M |
|
69
Linde
LIN
$236B
| $193M | 0.19% |
672,148
-36,711
| -5% | -$11.5M |
|
70
Centene
CNC
$30.5B
| $192M | 0.19% |
2,273,420
-154,228
| -6% | -$12.8M |
|
71
Humana
HUM
$43.9B
| $190M | 0.19% |
405,913
-80,689
| -17% | -$35.9M |
|
72
Crown Holdings
CCK
$13B
| $181M | 0.18% |
1,963,537
-44,463
| -2% | -$4.75M |
|
73
Spotify
SPOT
$108B
| $178M | 0.18% |
1,895,466
+10,006
| +0.5% | +$1.13M |
|
74
CMS Energy
CMS
$23.3B
| $175M | 0.17% |
2,596,330
+263,287
| +11% | +$18.2M |
|
75
Procter & Gamble
PG
$340B
| $175M | 0.17% |
1,218,370
+297,017
| +32% | +$44.6M |
|
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.