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 | |
|---|---|---|---|---|---|---|
76
Procter & Gamble
PG
$336B
| $150M | 0.13% |
1,029,777
+156,293
| +18% | +$23.9M |
|
77
McDonald's
MCD
$192B
| $149M | 0.13% |
564,795
-463,558
| -45% | -$132M |
|
78
Cisco
CSCO
$457B
| $144M | 0.12% |
2,683,461
+713,689
| +36% | +$38.5M |
|
79
HDFC Bank
HDB
$123B
| $144M | 0.12% |
4,880,394
-4,570,882
| -48% | -$149M |
|
80
Bank of America
BAC
$435B
| $143M | 0.12% |
5,219,162
+495,588
| +10% | +$14.7M |
|
|
81
S&P Global
SPGI
$121B
| $142M | 0.12% |
387,889
-1,533,275
| -80% | -$603M |
|
82
Universal Display
OLED
$3.68B
| $141M | 0.12% |
899,671
+72,468
| +9% | +$11M |
|
83
Dell
DELL
$262B
| $140M | 0.12% |
2,025,036
+487,332
| +32% | +$29M |
|
|
APLS
84
DELISTED
Apellis Pharmaceuticals
APLS
| $135M | 0.11% |
3,542,209
+1,571,606
| +80% | +$69M |
|
85
Chord Energy
CHRD
$7.9B
| $130M | 0.11% |
802,175
+2,837
| +0.4% | +$445K |
|
86
Shift4
FOUR
$4.2B
| $130M | 0.11% |
2,343,311
-61,125
| -3% | -$3.73M |
|
87
Performance Food Group
PFGC
$18B
| $127M | 0.11% |
2,162,441
-461,372
| -18% | -$27.9M |
|
88
Sempra
SRE
$57.9B
| $122M | 0.1% |
1,796,968
+3,534
| +0.2% | +$255K |
|
89
DTE Energy
DTE
$29.5B
| $122M | 0.1% |
1,226,292
-1,515
| -0.1% | -$163K |
|
90
Trinity Industries
TRN
$2.49B
| $115M | 0.1% |
4,720,106
+146,341
| +3% | +$3.69M |
|
91
Kirby Corp
KEX
$7.01B
| $114M | 0.1% |
1,373,711
-134,106
| -9% | -$10.8M |
|
92
Ameren
AEE
$30.3B
| $113M | 0.1% |
1,512,186
-80,581
| -5% | -$6.57M |
|
93
PNC Financial Services
PNC
$99.7B
| $113M | 0.1% |
919,590
-108,987
| -11% | -$13.7M |
|
94
CMS Energy
CMS
$22.6B
| $112M | 0.1% |
2,112,891
-42,457
| -2% | -$2.46M |
|
95
PepsiCo
PEP
$190B
| $112M | 0.1% |
661,972
-69,915
| -10% | -$12.7M |
|
96
Johnson Controls International
JCI
$88.8B
| $110M | 0.09% |
2,065,560
+3,760
| +0.2% | +$232K |
|
97
Molina Healthcare
MOH
$10.2B
| $110M | 0.09% |
334,019
+17,247
| +5% | +$5.43M |
|
|
MRSH
98
Marsh
MRSH
$90.5B
| $108M | 0.09% |
568,420
-142,615
| -20% | -$27.3M |
|
99
Truist Financial
TFC
$63.3B
| $105M | 0.09% |
3,673,609
+1,141,944
| +45% | +$35.1M |
|
100
WEX
WEX
$6.37B
| $105M | 0.09% |
558,147
+15,797
| +3% | +$3.05M |
|
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.