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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Crown Holdings
CCK
$12.8B
| $168M | 0.17% |
2,077,749
+114,212
| +6% | +$10.6M |
|
77
Ameren
AEE
$30.3B
| $166M | 0.17% |
2,064,971
-225,146
| -10% | -$20.6M |
|
78
PNC Financial Services
PNC
$99.7B
| $163M | 0.16% |
1,091,948
-14,061
| -1% | -$2.28M |
|
79
Performance Food Group
PFGC
$18B
| $162M | 0.16% |
3,765,226
+462,005
| +14% | +$22.8M |
|
80
Globant
GLOB
$1.58B
| $159M | 0.16% |
851,322
+135,064
| +19% | +$27.9M |
|
81
Walmart Inc
WMT
$885B
| $159M | 0.16% |
3,678,429
-2,064
| -0.1% | -$90.4K |
|
82
Linde
LIN
$221B
| $157M | 0.16% |
582,519
-89,629
| -13% | -$25.7M |
|
83
Sempra
SRE
$57.9B
| $157M | 0.16% |
2,093,542
+902,382
| +76% | +$73M |
|
84
PepsiCo
PEP
$190B
| $157M | 0.16% |
958,625
-17,307
| -2% | -$2.98M |
|
85
dLocal
DLO
$4.44B
| $156M | 0.16% |
7,596,050
-160,941
| -2% | -$4.28M |
|
86
Procter & Gamble
PG
$336B
| $155M | 0.15% |
1,225,335
+6,965
| +0.6% | +$989K |
|
87
Truist Financial
TFC
$63.3B
| $151M | 0.15% |
3,456,783
+101,735
| +3% | +$4.89M |
|
|
PDCE
88
DELISTED
PDC Energy, Inc.
PDCE
| $148M | 0.15% |
2,558,201
+386,846
| +18% | +$23.7M |
|
89
Bank of America
BAC
$435B
| $148M | 0.15% |
4,891,692
-18,057
| -0.4% | -$604K |
|
90
MetLife
MET
$61.9B
| $145M | 0.14% |
2,381,475
+42,536
| +2% | +$2.72M |
|
91
CMS Energy
CMS
$22.6B
| $144M | 0.14% |
2,477,123
-119,207
| -5% | -$8.02M |
|
92
PG&E
PCG
$38.3B
| $144M | 0.14% |
11,491,084
| – | – |
|
93
Centene
CNC
$30.7B
| $137M | 0.14% |
1,765,374
-508,046
| -22% | -$45.4M |
|
94
Exelon
EXC
$47.2B
| $136M | 0.14% |
3,627,220
+9,274
| +0.3% | +$410K |
|
95
Chevron
CVX
$392B
| $134M | 0.13% |
934,667
-125,484
| -12% | -$19.1M |
|
96
Entergy
ETR
$50.2B
| $131M | 0.13% |
2,609,294
+11,446
| +0.4% | +$657K |
|
97
RTX Corp
RTX
$290B
| $122M | 0.12% |
1,493,497
+215,162
| +17% | +$19.5M |
|
98
American Electric Power
AEP
$69.6B
| $122M | 0.12% |
1,407,032
+182,892
| +15% | +$18.1M |
|
99
Energy Transfer Partners
ET
$70.1B
| $120M | 0.12% |
10,916,722
-765,037
| -7% | -$8.52M |
|
100
Union Pacific
UNP
$174B
| $117M | 0.12% |
600,551
-7,914
| -1% | -$1.75M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.