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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PNC Financial Services
PNC
$99.1B
| $174M | 0.17% |
1,106,009
-22,455
| -2% | -$3.76M |
|
77
Exelon
EXC
$48.1B
| $164M | 0.16% |
3,617,946
+707,511
| +24% | +$33.3M |
|
78
PepsiCo
PEP
$196B
| $163M | 0.16% |
975,932
+144,386
| +17% | +$24.3M |
|
79
McDonald's
MCD
$193B
| $162M | 0.16% |
654,946
+216,460
| +49% | +$53.3M |
|
80
Williams Companies
WMB
$85.8B
| $161M | 0.16% |
5,174,216
+1,161,566
| +29% | +$40.1M |
|
81
Truist Financial
TFC
$63.9B
| $159M | 0.16% |
3,355,048
-244,999
| -7% | -$12.1M |
|
82
Chevron
CVX
$382B
| $153M | 0.15% |
1,060,151
-78,794
| -7% | -$13M |
|
83
Bank of America
BAC
$429B
| $153M | 0.15% |
4,909,749
-17,843
| -0.4% | -$642K |
|
84
Performance Food Group
PFGC
$18.3B
| $152M | 0.15% |
3,303,221
+11,180
| +0.3% | +$516K |
|
85
Merck
MRK
$322B
| $149M | 0.15% |
1,639,739
+1,489,602
| +992% | +$132M |
|
86
Walmart Inc
WMT
$909B
| $149M | 0.15% |
3,680,493
+84,756
| +2% | +$3.91M |
|
87
MetLife
MET
$62.4B
| $147M | 0.15% |
2,338,939
-425,465
| -15% | -$28.2M |
|
88
Entergy
ETR
$50.3B
| $146M | 0.15% |
2,597,848
+1,197,784
| +86% | +$70.4M |
|
89
Qualcomm
QCOM
$164B
| $140M | 0.14% |
1,095,777
-66,299
| -6% | -$9M |
|
90
Roblox
RBLX
$35.9B
| $138M | 0.14% |
4,194,684
-4,431,152
| -51% | -$149M |
|
91
HDFC Bank
HDB
$123B
| $136M | 0.14% |
4,961,652
+4,512,158
| +1,004% | +$127M |
|
|
PDCE
92
DELISTED
PDC Energy, Inc.
PDCE
| $134M | 0.13% |
2,171,355
-240,537
| -10% | -$17.4M |
|
93
Union Pacific
UNP
$174B
| $130M | 0.13% |
608,465
-659,942
| -52% | -$150M |
|
94
Icon
ICLR
$13.7B
| $128M | 0.13% |
591,805
-32,093
| -5% | -$7.2M |
|
95
Xcel Energy
XEL
$49.2B
| $125M | 0.12% |
1,765,545
+379,925
| +27% | +$27.6M |
|
96
Globant
GLOB
$1.65B
| $125M | 0.12% |
716,258
-560,227
| -44% | -$114M |
|
97
RTX Corp
RTX
$290B
| $123M | 0.12% |
1,278,335
-225,376
| -15% | -$21.7M |
|
98
DTE Energy
DTE
$29.9B
| $121M | 0.12% |
952,437
+95,968
| +11% | +$12.5M |
|
|
99
Shopify
SHOP
$168B
| $121M | 0.12% |
3,861,064
-24,868,296
| -87% | -$1.06B |
|
100
Zoetis
ZTS
$32.7B
| $118M | 0.12% |
684,662
+57,998
| +9% | +$10M |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.