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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Meta Platforms (Facebook)
META
$1.42T
| $392M | 0.4% |
3,261,330
-1,452,195
| -31% | -$171M |
|
52
AstraZeneca
AZN
$263B
| $359M | 0.36% |
2,647,427
+426,595
| +19% | +$53.5M |
|
53
Enphase Energy
ENPH
$4.96B
| $344M | 0.35% |
1,300,019
+409,697
| +46% | +$119M |
|
54
AbbVie
ABBV
$443B
| $331M | 0.34% |
2,045,130
+67,677
| +3% | +$10.4M |
|
55
Nu Holdings
NU
$69.2B
| $317M | 0.32% |
77,990,545
-16,302,844
| -17% | -$70.8M |
|
56
McDonald's
MCD
$192B
| $305M | 0.31% |
1,156,619
+195,260
| +20% | +$51.5M |
|
57
KKR & Co
KKR
$91.1B
| $300M | 0.3% |
6,467,064
-3,403,308
| -34% | -$166M |
|
58
Cheniere Energy
LNG
$55.2B
| $296M | 0.3% |
1,972,372
-129,214
| -6% | -$21.6M |
|
59
Ameren
AEE
$30.3B
| $282M | 0.29% |
3,174,582
+1,109,611
| +54% | +$93.3M |
|
60
CenterPoint Energy
CNP
$27.7B
| $277M | 0.28% |
9,225,291
+676,858
| +8% | +$19.7M |
|
61
JPMorgan Chase
JPM
$935B
| $268M | 0.27% |
1,995,342
+133,378
| +7% | +$16.9M |
|
62
Bristol-Myers Squibb
BMY
$133B
| $244M | 0.25% |
3,392,926
-472,264
| -12% | -$35.6M |
|
|
GTM
63
ZoomInfo Technologies
GTM
$973M
| $227M | 0.23% |
7,530,799
+558,059
| +8% | +$19.3M |
|
64
Targa Resources
TRGP
$58B
| $221M | 0.22% |
3,011,621
-470,654
| -14% | -$32.8M |
|
65
Chubb
CB
$135B
| $220M | 0.22% |
995,246
-38,555
| -4% | -$8.02M |
|
66
Roblox
RBLX
$25.5B
| $208M | 0.21% |
7,302,054
+199,100
| +3% | +$6.99M |
|
67
Performance Food Group
PFGC
$18B
| $201M | 0.2% |
3,439,796
-325,430
| -9% | -$17.7M |
|
68
Constellation Energy
CEG
$93.8B
| $199M | 0.2% |
2,305,883
+96,936
| +4% | +$8.72M |
|
69
PG&E
PCG
$38.3B
| $198M | 0.2% |
12,196,724
+705,640
| +6% | +$10.7M |
|
|
XIFR
70
XPLR Infrastructure LP
XIFR
$1.12B
| $193M | 0.2% |
2,748,259
+75,465
| +3% | +$5.65M |
|
71
HubSpot
HUBS
$12.2B
| $191M | 0.19% |
660,685
+27,844
| +4% | +$7.89M |
|
72
Linde
LIN
$221B
| $190M | 0.19% |
581,363
-1,156
| -0.2% | -$362K |
|
73
Palo Alto Networks
PANW
$270B
| $188M | 0.19% |
2,697,420
-1,645,822
| -38% | -$132M |
|
74
Humana
HUM
$43.7B
| $187M | 0.19% |
364,969
-83,499
| -19% | -$43.9M |
|
75
Procter & Gamble
PG
$336B
| $180M | 0.18% |
1,187,907
-37,428
| -3% | -$5.25M |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.