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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Union Pacific
UNP
$174B
| $120M | 0.12% |
581,166
-19,385
| -3% | -$3.98M |
|
102
American Electric Power
AEP
$69.6B
| $116M | 0.12% |
1,217,740
-189,292
| -13% | -$17.2M |
|
103
Coupang
CPNG
$29.3B
| $114M | 0.12% |
7,764,395
+4,939,529
| +175% | +$87.2M |
|
104
WillScot Mobile Mini Holdings
WSC
$4.39B
| $111M | 0.11% |
2,453,697
-400,229
| -14% | -$18M |
|
105
Centene
CNC
$30.7B
| $106M | 0.11% |
1,295,469
-469,905
| -27% | -$38.4M |
|
|
MRSH
106
Marsh
MRSH
$90.5B
| $106M | 0.11% |
638,259
-92
| -0% | -$15K |
|
107
Entergy
ETR
$50.2B
| $104M | 0.1% |
1,840,404
-768,890
| -29% | -$42.2M |
|
108
ICICI Bank
IBN
$108B
| $102M | 0.1% |
+4,644,701
| New | +$103M |
|
109
Cisco
CSCO
$457B
| $101M | 0.1% |
2,129,960
+483,404
| +29% | +$22M |
|
110
NiSource
NI
$21.3B
| $100M | 0.1% |
3,659,556
+524,648
| +17% | +$13.8M |
|
111
Stryker
SYK
$125B
| $98.5M | 0.1% |
403,054
+6,164
| +2% | +$1.4M |
|
112
RenaissanceRe
RNR
$13.3B
| $97.9M | 0.1% |
531,352
-145,120
| -21% | -$24.5M |
|
113
Lam Research
LRCX
$367B
| $97.6M | 0.1% |
2,322,250
+861,100
| +59% | +$36M |
|
114
AXIS Capital
AXS
$7.68B
| $97.3M | 0.1% |
1,796,155
+74,252
| +4% | +$4.01M |
|
115
Gaming and Leisure Properties
GLPI
$12.7B
| $95M | 0.1% |
1,823,749
+116,776
| +7% | +$5.83M |
|
116
Energy Transfer Partners
ET
$70.1B
| $94.8M | 0.1% |
7,984,505
-2,932,217
| -27% | -$35.2M |
|
117
Southern Company
SO
$109B
| $94.4M | 0.1% |
1,321,398
+363,868
| +38% | +$24.3M |
|
118
WEX
WEX
$6.37B
| $93.6M | 0.09% |
572,014
+81,249
| +17% | +$12.6M |
|
|
PPL
119
PPL Corp
PPL
$26.5B
| $91.4M | 0.09% |
3,128,728
+1,880,578
| +151% | +$51.7M |
|
120
Cigna
CI
$73.7B
| $90.8M | 0.09% |
274,141
-12,679
| -4% | -$4.01M |
|
121
Otis Worldwide
OTIS
$27.4B
| $90.3M | 0.09% |
1,152,872
-149,122
| -11% | -$11M |
|
122
Qualcomm
QCOM
$155B
| $89.7M | 0.09% |
816,149
-216,156
| -21% | -$25.3M |
|
|
CYBR
123
DELISTED
CyberArk
CYBR
| $89.2M | 0.09% |
688,276
+134,101
| +24% | +$19.4M |
|
124
Zoetis
ZTS
$32.4B
| $89M | 0.09% |
606,980
-105,900
| -15% | -$15.7M |
|
125
NXP Semiconductors
NXPI
$57.8B
| $88.9M | 0.09% |
562,688
+16,723
| +3% | +$2.65M |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.