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 |
Amazon
AMZN
|
+$1.63B |
| 2 |
Meta Platforms (Facebook)
META
|
+$798M |
| 3 |
MongoDB
MDB
|
+$663M |
| 4 |
HubSpot
HUBS
|
+$364M |
| 5 |
Arm
ARM
|
+$351M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
NVIDIA
NVDA
|
+$993M |
| 3 |
S&P Global
SPGI
|
+$603M |
| 4 |
UnitedHealth
UNH
|
+$585M |
| 5 |
DexCom
DXCM
|
+$337M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.88% |
| 2 | Consumer Discretionary | 20.92% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Palo Alto Networks
PANW
$270B
| $335M | 0.28% |
2,857,776
-1,337,152
| -32% | -$158M |
|
52
Arista Networks
ANET
$227B
| $330M | 0.28% |
7,171,468
+1,721,236
| +32% | +$76.7M |
|
53
NiSource
NI
$21.3B
| $324M | 0.27% |
13,111,122
+39,374
| +0.3% | +$1.06M |
|
54
TSMC
TSM
$2.1T
| $316M | 0.27% |
3,639,716
-79,237
| -2% | -$7.49M |
|
55
PG&E
PCG
$38.3B
| $277M | 0.24% |
17,158,135
+529,108
| +3% | +$9.09M |
|
56
JPMorgan Chase
JPM
$935B
| $266M | 0.23% |
1,831,945
-52,431
| -3% | -$7.86M |
|
57
NextEra Energy
NEE
$181B
| $258M | 0.22% |
4,503,330
-461,850
| -9% | -$32M |
|
58
ConocoPhillips
COP
$147B
| $248M | 0.21% |
2,070,065
-125,976
| -6% | -$14.6M |
|
59
CenterPoint Energy
CNP
$27.7B
| $230M | 0.2% |
8,552,502
-69,315
| -0.8% | -$2M |
|
60
AbbVie
ABBV
$443B
| $224M | 0.19% |
1,504,935
+2,027
| +0.1% | +$298K |
|
61
On Holding
ONON
$12.1B
| $219M | 0.19% |
7,887,000
+554,513
| +8% | +$17.5M |
|
62
Bristol-Myers Squibb
BMY
$133B
| $219M | 0.19% |
3,768,936
+716,218
| +23% | +$43.9M |
|
63
Walmart Inc
WMT
$885B
| $216M | 0.18% |
4,051,521
+472,374
| +13% | +$25.1M |
|
64
SLB Ltd
SLB
$73.6B
| $216M | 0.18% |
3,702,308
-3,256,294
| -47% | -$189M |
|
65
Targa Resources
TRGP
$58B
| $213M | 0.18% |
2,487,507
+39,143
| +2% | +$3.24M |
|
66
Linde
LIN
$221B
| $212M | 0.18% |
568,575
-79,997
| -12% | -$30.4M |
|
67
Chubb
CB
$135B
| $209M | 0.18% |
1,005,593
+36,211
| +4% | +$7.32M |
|
|
HES
68
DELISTED
Hess
HES
| $205M | 0.17% |
1,340,054
-50,021
| -4% | -$7.53M |
|
69
Cheniere Energy
LNG
$55.2B
| $195M | 0.17% |
1,175,109
+220,330
| +23% | +$35.5M |
|
70
Nu Holdings
NU
$69.2B
| $183M | 0.16% |
25,228,883
+5,892,956
| +30% | +$44.1M |
|
71
Constellation Energy
CEG
$93.8B
| $180M | 0.15% |
1,651,835
-89,888
| -5% | -$9.26M |
|
72
Chevron
CVX
$392B
| $164M | 0.14% |
969,993
+213,613
| +28% | +$34.5M |
|
73
Merck
MRK
$322B
| $161M | 0.14% |
1,563,253
-55,015
| -3% | -$5.93M |
|
74
MetLife
MET
$61.9B
| $159M | 0.13% |
2,522,728
+501,588
| +25% | +$31.2M |
|
75
Southern Company
SO
$109B
| $155M | 0.13% |
2,401,601
+213,704
| +10% | +$14.8M |
|
Similar funds
Jennison Associates's Q3 2023 Portfolio in Review
As of Q3 2023, Jennison Associates held 616 positions worth $118B, down 3.4% from $122B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Jennison Associates's Q3 2023 filing shows 52 new, 258 increased, 247 reduced and 55 closed positions. Its largest new stake was Arm: 6,352,109 shares worth $340M. The largest sale was Apple, an estimated $2B.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2023 buy was Arm: 6,352,109 shares worth $340M.
- Jennison Associates added most to Amazon in Q3 2023, an estimated $1.63B increase.
- Jennison Associates's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Jennison Associates fully exited Roblox in Q3 2023, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 43% of its $118B portfolio in Q3 2023.
- Jennison Associates opened 52 new positions and closed 55 in Q3 2023.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $118B.
Based on Jennison Associates's 13F filing for Q3 2023, filed 31 Oct 2023.