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 |
ServiceNow
NOW
|
+$1B |
| 2 |
Advanced Micro Devices
AMD
|
+$969M |
| 3 |
Meta Platforms (Facebook)
META
|
+$960M |
| 4 |
MongoDB
MDB
|
+$579M |
| 5 |
Ulta Beauty
ULTA
|
+$497M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$1.26B |
| 2 |
T-Mobile US
TMUS
|
+$1.04B |
| 3 |
SLB Ltd
SLB
|
+$936M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$858M |
| 5 |
Atlassian
TEAM
|
+$781M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.75% |
| 2 | Consumer Discretionary | 19.8% |
| 3 | Healthcare | 13.64% |
| 4 | Financials | 8.74% |
| 5 | Communication Services | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
American Express
AXP
$224B
| $369M | 0.3% |
2,119,462
+832,510
| +65% | +$134M |
|
52
NextEra Energy
NEE
$185B
| $368M | 0.3% |
4,965,180
-1,116,383
| -18% | -$84.5M |
|
53
NiSource
NI
$21.5B
| $358M | 0.29% |
13,071,748
+3,681,842
| +39% | +$102M |
|
|
54
SLB Ltd
SLB
$72.7B
| $342M | 0.28% |
6,958,602
-19,634,007
| -74% | -$936M |
|
55
HDFC Bank
HDB
$123B
| $329M | 0.27% |
9,451,276
-3,103,684
| -25% | -$105M |
|
56
McDonald's
MCD
$193B
| $307M | 0.25% |
1,028,353
-15,283
| -1% | -$4.44M |
|
57
PG&E
PCG
$39B
| $287M | 0.24% |
16,629,027
+5,292,515
| +47% | +$89.6M |
|
58
JPMorgan Chase
JPM
$916B
| $274M | 0.22% |
1,884,376
-13,785
| -0.7% | -$1.9M |
|
59
CenterPoint Energy
CNP
$28.3B
| $251M | 0.21% |
8,621,817
+255,916
| +3% | +$7.56M |
|
60
Linde
LIN
$236B
| $247M | 0.2% |
648,572
+55,454
| +9% | +$20.3M |
|
61
Applied Materials
AMAT
$347B
| $244M | 0.2% |
1,687,170
+75,484
| +5% | +$9.45M |
|
62
On Holding
ONON
$12.6B
| $242M | 0.2% |
7,332,487
+2,237,442
| +44% | +$68M |
|
63
ConocoPhillips
COP
$144B
| $228M | 0.19% |
2,196,041
-680,380
| -24% | -$69.9M |
|
64
Arista Networks
ANET
$199B
| $221M | 0.18% |
5,450,232
-122,512
| -2% | -$4.74M |
|
65
AbbVie
ABBV
$465B
| $202M | 0.17% |
1,502,908
-36,561
| -2% | -$5.36M |
|
66
Bristol-Myers Squibb
BMY
$129B
| $195M | 0.16% |
3,052,718
-176,823
| -5% | -$11.9M |
|
|
HES
67
DELISTED
Hess
HES
| $189M | 0.16% |
1,390,075
+449,842
| +48% | +$61.6M |
|
68
Walmart Inc
WMT
$909B
| $188M | 0.15% |
3,579,147
+417,960
| +13% | +$21.1M |
|
69
Merck
MRK
$322B
| $187M | 0.15% |
1,618,268
+430,320
| +36% | +$48.9M |
|
70
Chubb
CB
$140B
| $187M | 0.15% |
969,382
+42,280
| +5% | +$8.28M |
|
71
Targa Resources
TRGP
$56.8B
| $186M | 0.15% |
2,448,364
-42,316
| -2% | -$3.07M |
|
|
APLS
72
DELISTED
Apellis Pharmaceuticals
APLS
| $180M | 0.15% |
1,970,603
-642,164
| -25% | -$55.4M |
|
73
Roblox
RBLX
$35.9B
| $175M | 0.14% |
4,354,566
-1,046,331
| -19% | -$42M |
|
74
Humana
HUM
$43.9B
| $168M | 0.14% |
375,545
-1,073
| -0.3% | -$540K |
|
75
Shift4
FOUR
$4.45B
| $163M | 0.13% |
2,404,436
+506,539
| +27% | +$33.2M |
|
Similar funds
Jennison Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Jennison Associates held 644 positions worth $122B, up 12% from $109B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q2 2023 filing shows 63 new, 244 increased, 244 reduced and 80 closed positions. Its largest new stake was ServiceNow: 10,029,285 shares worth $1.13B. The largest sale was Danaher, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q2 2023 buy was ServiceNow: 10,029,285 shares worth $1.13B.
- Jennison Associates added most to Advanced Micro Devices in Q2 2023, an estimated $969M increase.
- Jennison Associates's biggest Q2 2023 reduction was Danaher, cutting an estimated $1.26B.
- Jennison Associates fully exited Northrop Grumman in Q2 2023, selling an estimated $279M.
- Jennison Associates's ten largest holdings make up 42% of its $122B portfolio in Q2 2023.
- Jennison Associates opened 63 new positions and closed 80 in Q2 2023.
- Jennison Associates's portfolio value rose 12% quarter-over-quarter to $122B.
Based on Jennison Associates's 13F filing for Q2 2023, filed 3 Aug 2023.