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 | |
|---|---|---|---|---|---|---|
76
Constellation Energy
CEG
$92.1B
| $159M | 0.13% |
1,741,723
+265,820
| +18% | +$22M |
|
77
Performance Food Group
PFGC
$18.3B
| $158M | 0.13% |
2,623,813
-322,469
| -11% | -$19M |
|
|
XIFR
78
XPLR Infrastructure LP
XIFR
$1.04B
| $155M | 0.13% |
2,650,989
-108,616
| -4% | -$6.53M |
|
79
Southern Company
SO
$108B
| $154M | 0.13% |
2,187,897
+123,166
| +6% | +$8.83M |
|
80
Nu Holdings
NU
$67.8B
| $153M | 0.13% |
19,335,927
+5,048,815
| +35% | +$31M |
|
81
Cheniere Energy
LNG
$54.2B
| $145M | 0.12% |
954,779
-48,442
| -5% | -$7.17M |
|
82
Johnson Controls International
JCI
$85.1B
| $140M | 0.12% |
2,061,800
-49,473
| -2% | -$3.04M |
|
83
PepsiCo
PEP
$196B
| $136M | 0.11% |
731,887
-19,668
| -3% | -$3.67M |
|
84
Bank of America
BAC
$429B
| $136M | 0.11% |
4,723,574
+936,918
| +25% | +$26.7M |
|
85
DTE Energy
DTE
$29.9B
| $135M | 0.11% |
1,227,807
| – | – |
|
|
MRSH
86
Marsh
MRSH
$94.3B
| $134M | 0.11% |
711,035
+140,354
| +25% | +$24.9M |
|
87
Procter & Gamble
PG
$340B
| $133M | 0.11% |
873,484
-141,686
| -14% | -$21.4M |
|
88
Sempra
SRE
$58.1B
| $131M | 0.11% |
1,793,434
-2,880
| -0.2% | -$216K |
|
89
Ameren
AEE
$30.4B
| $130M | 0.11% |
1,592,767
+5,471
| +0.3% | +$469K |
|
90
PNC Financial Services
PNC
$99.1B
| $130M | 0.11% |
1,028,577
+47,235
| +5% | +$5.77M |
|
91
CMS Energy
CMS
$23.3B
| $127M | 0.1% |
2,155,348
-207,381
| -9% | -$12.5M |
|
92
Chord Energy
CHRD
$7.68B
| $123M | 0.1% |
799,338
-149,000
| -16% | -$21.6M |
|
93
Universal Display
OLED
$3.75B
| $119M | 0.1% |
827,203
+203,279
| +33% | +$29.1M |
|
94
Chevron
CVX
$382B
| $119M | 0.1% |
756,380
+9,931
| +1% | +$1.59M |
|
95
Trinity Industries
TRN
$2.92B
| $118M | 0.1% |
4,573,765
+96,434
| +2% | +$2.2M |
|
96
RTX Corp
RTX
$290B
| $117M | 0.1% |
1,192,106
-301,866
| -20% | -$29.6M |
|
97
Kirby Corp
KEX
$7.01B
| $116M | 0.1% |
1,507,817
+362,282
| +32% | +$26.1M |
|
98
MetLife
MET
$62.4B
| $114M | 0.09% |
2,021,140
-276,498
| -12% | -$15.3M |
|
|
99
T-Mobile US
TMUS
$195B
| $113M | 0.09% |
813,073
-7,405,492
| -90% | -$1.04B |
|
100
AXIS Capital
AXS
$7.73B
| $113M | 0.09% |
2,091,796
+143,978
| +7% | +$7.87M |
|
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.