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 | |
|---|---|---|---|---|---|---|
101
Lam Research
LRCX
$316B
| $112M | 0.09% |
1,743,420
-806,350
| -32% | -$45.5M |
|
102
Gaming and Leisure Properties
GLPI
$13B
| $111M | 0.09% |
2,282,724
+219,827
| +11% | +$11M |
|
103
RenaissanceRe
RNR
$13.8B
| $108M | 0.09% |
580,936
+59,558
| +11% | +$11.9M |
|
104
Mondelez International
MDLZ
$82.9B
| $106M | 0.09% |
1,446,752
+273,820
| +23% | +$20.2M |
|
105
Parker-Hannifin
PH
$120B
| $105M | 0.09% |
269,646
+45,921
| +21% | +$15.5M |
|
106
Energy Transfer Partners
ET
$69.5B
| $103M | 0.08% |
8,110,864
-28,965
| -0.4% | -$367K |
|
107
Williams Companies
WMB
$85.8B
| $103M | 0.08% |
3,154,551
-224,799
| -7% | -$6.75M |
|
108
Cisco
CSCO
$443B
| $102M | 0.08% |
1,969,772
-124,254
| -6% | -$6.11M |
|
109
Aptiv
APTV
$12.3B
| $101M | 0.08% |
990,940
+70,887
| +8% | +$7.01M |
|
110
Churchill Downs
CHDN
$6.17B
| $101M | 0.08% |
722,628
+264,152
| +58% | +$36.1M |
|
111
Paycom
PAYC
$7.88B
| $100M | 0.08% |
312,113
+48,716
| +18% | +$14.4M |
|
112
Edison International
EIX
$30.3B
| $100M | 0.08% |
1,439,262
+294,644
| +26% | +$20.7M |
|
113
WEX
WEX
$6.42B
| $98.7M | 0.08% |
542,350
-44,531
| -8% | -$7.89M |
|
114
Molina Healthcare
MOH
$10.4B
| $95.4M | 0.08% |
316,772
+29,803
| +10% | +$8.57M |
|
115
Constellium
CSTM
$3.76B
| $95.3M | 0.08% |
5,542,233
+2,413,208
| +77% | +$37M |
|
116
Union Pacific
UNP
$174B
| $93.6M | 0.08% |
457,635
-26,656
| -6% | -$5.3M |
|
117
Cooper Companies
COO
$14.2B
| $93.5M | 0.08% |
975,804
-63,848
| -6% | -$5.99M |
|
118
Hexcel
HXL
$7.97B
| $93M | 0.08% |
1,223,089
+442,787
| +57% | +$31.6M |
|
119
Bloomin' Brands
BLMN
$754M
| $91.6M | 0.08% |
3,404,708
+411,805
| +14% | +$10.3M |
|
120
Stryker
SYK
$135B
| $90.1M | 0.07% |
295,358
-95,057
| -24% | -$27.5M |
|
121
Exelon
EXC
$48.1B
| $89.9M | 0.07% |
2,205,906
+143,298
| +7% | +$5.92M |
|
122
Otis Worldwide
OTIS
$27.9B
| $89.4M | 0.07% |
1,004,693
-75,569
| -7% | -$6.37M |
|
123
Progyny
PGNY
$2.46B
| $89.2M | 0.07% |
2,267,522
+670,362
| +42% | +$24.2M |
|
124
NXP Semiconductors
NXPI
$60.8B
| $87.9M | 0.07% |
429,584
-144,557
| -25% | -$25.7M |
|
125
Deere & Co
DE
$165B
| $87.7M | 0.07% |
216,321
-36,329
| -14% | -$13.9M |
|
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.