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 | |
|---|---|---|---|---|---|---|
51
Palo Alto Networks
PANW
$270B
| $356M | 0.35% |
4,343,242
+509,008
| +13% | +$44.1M |
|
52
Cheniere Energy
LNG
$55.2B
| $349M | 0.35% |
2,101,586
-388,866
| -16% | -$59M |
|
|
GTM
53
ZoomInfo Technologies
GTM
$973M
| $290M | 0.29% |
6,972,740
+391,169
| +6% | +$16.6M |
|
54
Bristol-Myers Squibb
BMY
$133B
| $275M | 0.27% |
3,865,190
-230,101
| -6% | -$16.7M |
|
55
AbbVie
ABBV
$443B
| $265M | 0.26% |
1,977,453
+555,903
| +39% | +$79.8M |
|
56
Roblox
RBLX
$25.5B
| $255M | 0.25% |
7,102,954
+2,908,270
| +69% | +$120M |
|
57
Dominion Energy
D
$60.8B
| $251M | 0.25% |
3,633,980
-91,908
| -2% | -$7.42M |
|
58
Enphase Energy
ENPH
$4.96B
| $247M | 0.25% |
890,322
+651,254
| +272% | +$176M |
|
59
AstraZeneca
AZN
$263B
| $244M | 0.24% |
2,220,832
+163,169
| +8% | +$20.7M |
|
60
CenterPoint Energy
CNP
$27.7B
| $241M | 0.24% |
8,548,433
+283,119
| +3% | +$8.83M |
|
61
Target
TGT
$65.6B
| $231M | 0.23% |
1,554,638
-727,138
| -32% | -$116M |
|
62
T-Mobile US
TMUS
$185B
| $222M | 0.22% |
+1,657,443
| New | +$233M |
|
63
McDonald's
MCD
$192B
| $222M | 0.22% |
961,359
+306,413
| +47% | +$78.3M |
|
64
Humana
HUM
$43.7B
| $218M | 0.22% |
448,468
+42,555
| +10% | +$20.7M |
|
65
Targa Resources
TRGP
$58B
| $210M | 0.21% |
3,482,275
-269,657
| -7% | -$17.7M |
|
66
JPMorgan Chase
JPM
$935B
| $195M | 0.19% |
1,861,964
-119,164
| -6% | -$13.7M |
|
|
XIFR
67
XPLR Infrastructure LP
XIFR
$1.12B
| $193M | 0.19% |
2,672,794
+6,597
| +0.2% | +$528K |
|
68
Chubb
CB
$135B
| $188M | 0.19% |
1,033,801
+43,865
| +4% | +$8.33M |
|
69
Constellation Energy
CEG
$93.8B
| $184M | 0.18% |
2,208,947
+516,679
| +31% | +$38.1M |
|
70
Alcon
ALC
$33.6B
| $181M | 0.18% |
3,083,909
-3,268,911
| -51% | -$227M |
|
71
Williams Companies
WMB
$87.5B
| $178M | 0.18% |
6,230,731
+1,056,515
| +20% | +$34.4M |
|
72
HDFC Bank
HDB
$123B
| $176M | 0.17% |
6,017,750
+1,056,098
| +21% | +$32.5M |
|
|
APLS
73
DELISTED
Apellis Pharmaceuticals
APLS
| $173M | 0.17% |
2,534,712
+236,365
| +10% | +$14M |
|
74
Spotify
SPOT
$103B
| $172M | 0.17% |
1,990,976
+95,510
| +5% | +$10.2M |
|
75
HubSpot
HUBS
$12.2B
| $171M | 0.17% |
632,841
-359,458
| -36% | -$114M |
|
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.