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 | |
|---|---|---|---|---|---|---|
101
Constellium
CSTM
$3.76B
| $103M | 0.09% |
5,678,571
+136,338
| +2% | +$2.4M |
|
102
AXIS Capital
AXS
$7.68B
| $103M | 0.09% |
1,825,393
-266,403
| -13% | -$14.7M |
|
103
Parker-Hannifin
PH
$123B
| $102M | 0.09% |
260,956
-8,690
| -3% | -$3.49M |
|
104
Gaming and Leisure Properties
GLPI
$12.7B
| $99.4M | 0.08% |
2,183,109
-99,615
| -4% | -$4.75M |
|
105
Weatherford International
WFRD
$6.29B
| $98.7M | 0.08% |
1,092,771
+238,806
| +28% | +$20.2M |
|
106
Aptiv
APTV
$12B
| $98.6M | 0.08% |
999,883
+8,943
| +0.9% | +$924K |
|
107
Becton Dickinson
BDX
$45.6B
| $98.3M | 0.08% |
380,277
+123,347
| +48% | +$33.3M |
|
108
Otis Worldwide
OTIS
$27.4B
| $97.9M | 0.08% |
1,219,180
+214,487
| +21% | +$18.3M |
|
|
CYBR
109
DELISTED
CyberArk
CYBR
| $95.2M | 0.08% |
581,003
+403,076
| +227% | +$64.7M |
|
110
Lam Research
LRCX
$367B
| $93.9M | 0.08% |
1,498,630
-244,790
| -14% | -$16.1M |
|
111
Vistra
VST
$50B
| $93.9M | 0.08% |
2,830,411
+81,263
| +3% | +$2.44M |
|
112
Union Pacific
UNP
$174B
| $92.4M | 0.08% |
453,839
-3,796
| -0.8% | -$827K |
|
113
Huron Consulting
HURN
$2.41B
| $92.3M | 0.08% |
885,714
+60,418
| +7% | +$5.75M |
|
114
Progyny
PGNY
$2.44B
| $92.1M | 0.08% |
2,706,454
+438,932
| +19% | +$16.6M |
|
115
Sprout Social
SPT
$516M
| $91.6M | 0.08% |
1,837,398
+17,268
| +0.9% | +$866K |
|
116
Edison International
EIX
$28.2B
| $91.1M | 0.08% |
1,439,262
| – | – |
|
117
Humana
HUM
$43.7B
| $90.7M | 0.08% |
186,458
-189,087
| -50% | -$88.9M |
|
118
Vaxcyte
PCVX
$7.81B
| $89.5M | 0.08% |
1,754,691
+300,189
| +21% | +$14.8M |
|
119
Stryker
SYK
$125B
| $89.4M | 0.08% |
327,198
+31,840
| +11% | +$9.13M |
|
120
NXP Semiconductors
NXPI
$57.8B
| $86.8M | 0.07% |
433,938
+4,354
| +1% | +$901K |
|
121
RenaissanceRe
RNR
$13.3B
| $86.5M | 0.07% |
436,805
-144,131
| -25% | -$27.7M |
|
122
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $85.1M | 0.07% |
1,269,503
+8,698
| +0.7% | +$587K |
|
123
GE Aerospace
GE
$374B
| $84.5M | 0.07% |
957,893
+294,054
| +44% | +$26.4M |
|
124
KBR
KBR
$4.62B
| $84.1M | 0.07% |
1,426,862
+328,009
| +30% | +$20.2M |
|
125
Exelon
EXC
$47.2B
| $83.4M | 0.07% |
2,206,462
+556
| +0% | +$22.7K |
|
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.