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 |
Advanced Micro Devices
AMD
|
+$1.32B |
| 2 |
AstraZeneca
AZN
|
+$733M |
| 3 |
Microsoft
MSFT
|
+$728M |
| 4 |
Cadence Design Systems
CDNS
|
+$720M |
| 5 |
Moody's
MCO
|
+$359M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alcon
ALC
|
+$1.43B |
| 2 |
Estee Lauder
EL
|
+$872M |
| 3 |
Eli Lilly
LLY
|
+$626M |
| 4 |
Netflix
NFLX
|
+$521M |
| 5 |
UnitedHealth
UNH
|
+$466M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.19% |
| 2 | Consumer Discretionary | 19.62% |
| 3 | Healthcare | 16.16% |
| 4 | Financials | 9.12% |
| 5 | Communication Services | 8.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Trinity Industries
TRN
$2.52B
| $109M | 0.1% |
4,477,331
+54,384
| +1% | +$1.45M |
|
102
Bank of America
BAC
$442B
| $108M | 0.1% |
3,786,656
-926,155
| -20% | -$30.6M |
|
103
WEX
WEX
$6.38B
| $108M | 0.1% |
586,881
+14,867
| +3% | +$2.71M |
|
104
Gaming and Leisure Properties
GLPI
$12.6B
| $107M | 0.1% |
2,062,897
+239,148
| +13% | +$12.5M |
|
105
NXP Semiconductors
NXPI
$59.7B
| $107M | 0.1% |
574,141
+11,453
| +2% | +$2.04M |
|
106
AXIS Capital
AXS
$7.57B
| $106M | 0.1% |
1,947,818
+151,663
| +8% | +$8.81M |
|
107
RenaissanceRe
RNR
$13.4B
| $104M | 0.1% |
521,378
-9,974
| -2% | -$2.01M |
|
108
Deere & Co
DE
$167B
| $104M | 0.1% |
252,650
-105,418
| -29% | -$43.6M |
|
109
American Electric Power
AEP
$69.9B
| $104M | 0.1% |
1,139,754
-77,986
| -6% | -$7.13M |
|
110
Aptiv
APTV
$10B
| $103M | 0.09% |
920,053
+631,193
| +219% | +$69.7M |
|
111
Energy Transfer Partners
ET
$70.5B
| $102M | 0.09% |
8,139,829
+155,324
| +2% | +$1.96M |
|
112
Williams Companies
WMB
$88.1B
| $101M | 0.09% |
3,379,350
-511,352
| -13% | -$15.8M |
|
|
PPL
113
PPL Corp
PPL
$26.5B
| $99.4M | 0.09% |
3,577,327
+448,599
| +14% | +$12.7M |
|
114
Union Pacific
UNP
$176B
| $97.5M | 0.09% |
484,291
-96,875
| -17% | -$19.6M |
|
115
Cooper Companies
COO
$14.5B
| $97M | 0.09% |
1,039,652
+161,492
| +18% | +$13.9M |
|
116
Universal Display
OLED
$3.94B
| $96.8M | 0.09% |
623,924
+110,613
| +22% | +$14.9M |
|
117
Qualcomm
QCOM
$170B
| $96.7M | 0.09% |
758,086
-58,063
| -7% | -$7.22M |
|
|
MRSH
118
Marsh
MRSH
$90.9B
| $95M | 0.09% |
570,681
-67,578
| -11% | -$11.3M |
|
119
Otis Worldwide
OTIS
$28B
| $91.2M | 0.08% |
1,080,262
-72,610
| -6% | -$6.01M |
|
120
Entergy
ETR
$50.8B
| $88.8M | 0.08% |
1,649,130
-191,274
| -10% | -$10.1M |
|
121
Sprout Social
SPT
$525M
| $87.6M | 0.08% |
1,438,836
+197,792
| +16% | +$12.1M |
|
122
Exelon
EXC
$47.2B
| $86.4M | 0.08% |
2,062,608
-1,637,024
| -44% | -$68.2M |
|
123
General Motors
GM
$77.5B
| $83.3M | 0.08% |
2,270,818
+103,136
| +5% | +$3.9M |
|
124
Envista
NVST
$4.53B
| $82M | 0.08% |
2,006,973
+159,563
| +9% | +$6.07M |
|
125
Tower Semiconductor
TSEM
$27.7B
| $81.9M | 0.08% |
1,928,318
+21,224
| +1% | +$887K |
|
Similar funds
Jennison Associates's Q1 2023 Portfolio in Review
As of Q1 2023, Jennison Associates held 644 positions worth $109B, up 10% from $98.7B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Jennison Associates withdrew a net $3.94B in Q1 2023, closing 63 positions and reducing 280 holdings. Its most notable exit was Alcon, an estimated $1.43B position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 26% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in Advanced Micro Devices worth $1.59B.
- Jennison Associates's largest Q1 2023 buy was Advanced Micro Devices: 16,272,765 shares worth $1.59B.
- Jennison Associates added most to AstraZeneca in Q1 2023, an estimated $733M increase.
- Jennison Associates's biggest Q1 2023 reduction was Estee Lauder, cutting an estimated $872M.
- Jennison Associates fully exited Alcon in Q1 2023, selling an estimated $1.43B.
- Jennison Associates's ten largest holdings make up 39% of its $109B portfolio in Q1 2023.
- Jennison Associates opened 73 new positions and closed 63 in Q1 2023.
- Jennison Associates's portfolio value rose 10% quarter-over-quarter to $109B.
Based on Jennison Associates's 13F filing for Q1 2023, filed 26 Apr 2023.