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 | |
|---|---|---|---|---|---|---|
101
American Electric Power
AEP
$70.4B
| $117M | 0.12% |
1,224,140
+216,820
| +22% | +$21.5M |
|
102
Energy Transfer Partners
ET
$69.5B
| $117M | 0.12% |
11,681,759
+6,656,982
| +132% | +$74.6M |
|
103
PG&E
PCG
$39B
| $115M | 0.11% |
11,491,084
+4,213,849
| +58% | +$49.6M |
|
|
HES
104
DELISTED
Hess
HES
| $111M | 0.11% |
1,045,841
+98,851
| +10% | +$11.2M |
|
105
Mondelez International
MDLZ
$82.9B
| $108M | 0.11% |
1,735,851
-5,707
| -0.3% | -$361K |
|
|
MRSH
106
Marsh
MRSH
$94.3B
| $107M | 0.11% |
690,619
-68,992
| -9% | -$11.1M |
|
107
Johnson Controls International
JCI
$85.1B
| $106M | 0.11% |
2,211,037
-481,870
| -18% | -$26.8M |
|
|
HZNP
108
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $105M | 0.11% |
1,320,481
-72,313
| -5% | -$6.85M |
|
109
Littelfuse
LFUS
$10.4B
| $105M | 0.1% |
412,118
+36,505
| +10% | +$9.15M |
|
|
APLS
110
DELISTED
Apellis Pharmaceuticals
APLS
| $104M | 0.1% |
2,298,347
-406,043
| -15% | -$18.5M |
|
111
AXIS Capital
AXS
$7.73B
| $104M | 0.1% |
1,818,459
+223,942
| +14% | +$12.8M |
|
112
Constellation Energy
CEG
$92.1B
| $96.9M | 0.1% |
1,692,268
| – | – |
|
113
Deere & Co
DE
$165B
| $95M | 0.09% |
317,194
-46,901
| -13% | -$17.3M |
|
114
Alliant Energy
LNT
$18.6B
| $93.5M | 0.09% |
1,596,040
+7,461
| +0.5% | +$450K |
|
115
NiSource
NI
$21.5B
| $92.4M | 0.09% |
3,134,596
-75,638
| -2% | -$2.29M |
|
116
Public Service Enterprise Group
PEG
$38.7B
| $91.4M | 0.09% |
1,445,107
-1,283,791
| -47% | -$87.3M |
|
117
Envista
NVST
$4.62B
| $89.8M | 0.09% |
2,329,130
+505,773
| +28% | +$21.3M |
|
118
Sempra
SRE
$58.1B
| $89.5M | 0.09% |
1,191,160
+677,322
| +132% | +$54.4M |
|
119
NXP Semiconductors
NXPI
$60.8B
| $85.9M | 0.09% |
580,610
-16,647
| -3% | -$2.89M |
|
120
Labcorp
LH
$25.2B
| $85.8M | 0.09% |
425,998
-48,717
| -10% | -$10.4M |
|
121
RenaissanceRe
RNR
$13.8B
| $84.3M | 0.08% |
539,001
+108,998
| +25% | +$16.5M |
|
|
SGEN
122
DELISTED
Seagen Inc. Common Stock
SGEN
| $84M | 0.08% |
474,815
-104,982
| -18% | -$15.1M |
|
123
Trinity Industries
TRN
$2.92B
| $83.6M | 0.08% |
3,449,846
+742,715
| +27% | +$20.1M |
|
124
Cisco
CSCO
$443B
| $82.6M | 0.08% |
1,937,454
-36,441
| -2% | -$1.74M |
|
125
Blackstone
BX
$104B
| $80.5M | 0.08% |
882,186
+38,115
| +5% | +$4.12M |
|
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.