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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Centene
CNC
$31.9B
| $204M | 0.15% |
2,427,648
+1,347,764
| +125% | +$111M |
|
77
Truist Financial
TFC
$64.5B
| $204M | 0.15% |
3,600,047
+330,433
| +10% | +$20.4M |
|
78
Bank of America
BAC
$442B
| $203M | 0.15% |
4,927,592
-68,896
| -1% | -$3.11M |
|
79
Ameren
AEE
$30.3B
| $202M | 0.15% |
2,151,037
+16,872
| +0.8% | +$1.48M |
|
80
MetLife
MET
$61.7B
| $194M | 0.14% |
2,764,404
-82,636
| -3% | -$5.59M |
|
81
Public Service Enterprise Group
PEG
$37.8B
| $191M | 0.14% |
2,728,898
+248,469
| +10% | +$16.4M |
|
82
Affirm
AFRM
$26.6B
| $188M | 0.14% |
4,060,613
+1,570,716
| +63% | +$82.2M |
|
83
Chevron
CVX
$380B
| $185M | 0.14% |
1,138,945
-257,959
| -18% | -$37M |
|
84
Align Technology
ALGN
$12.4B
| $182M | 0.13% |
416,813
-791,837
| -66% | -$385M |
|
85
Walmart Inc
WMT
$877B
| $178M | 0.13% |
3,595,737
+8,652
| +0.2% | +$406K |
|
86
Nu Holdings
NU
$70.3B
| $178M | 0.13% |
23,039,338
+12,544,783
| +120% | +$101M |
|
87
Qualcomm
QCOM
$170B
| $178M | 0.13% |
1,162,076
-141,328
| -11% | -$23.7M |
|
88
Johnson Controls International
JCI
$93.2B
| $177M | 0.13% |
2,692,907
-596,250
| -18% | -$41M |
|
89
FirstEnergy
FE
$27.9B
| $175M | 0.13% |
3,822,935
+1,113,240
| +41% | +$47.1M |
|
|
PDCE
90
DELISTED
PDC Energy, Inc.
PDCE
| $175M | 0.13% |
2,411,892
-233,195
| -9% | -$14.4M |
|
91
Performance Food Group
PFGC
$17.8B
| $168M | 0.12% |
3,292,041
+131,405
| +4% | +$6.44M |
|
92
CMS Energy
CMS
$22.5B
| $163M | 0.12% |
2,333,043
+244,831
| +12% | +$15.9M |
|
93
Icon
ICLR
$12.1B
| $152M | 0.11% |
+623,898
| New | +$156M |
|
94
Deere & Co
DE
$167B
| $151M | 0.11% |
364,095
+148,764
| +69% | +$57M |
|
95
RTX Corp
RTX
$293B
| $149M | 0.11% |
1,503,711
+31,603
| +2% | +$3M |
|
|
HZNP
96
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $147M | 0.11% |
1,392,794
+42,399
| +3% | +$4.13M |
|
97
Procter & Gamble
PG
$343B
| $141M | 0.1% |
921,353
+338,582
| +58% | +$53M |
|
98
PepsiCo
PEP
$189B
| $139M | 0.1% |
831,546
-111,030
| -12% | -$18.6M |
|
99
Exelon
EXC
$47B
| $139M | 0.1% |
2,910,435
+957
| +0% | +$40.5K |
|
|
APLS
100
DELISTED
Apellis Pharmaceuticals
APLS
| $137M | 0.1% |
2,704,390
+842,233
| +45% | +$37.2M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.