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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Shift4
FOUR
$4.31B
| $96.1M | 0.07% |
1,552,453
+606,463
| +64% | +$32M |
|
127
Constellation Energy
CEG
$97.7B
| $95.2M | 0.07% |
+1,692,268
| New | +$82.6M |
|
128
Littelfuse
LFUS
$11.3B
| $93.7M | 0.07% |
375,613
-37,856
| -9% | -$10M |
|
129
Trinity Industries
TRN
$2.5B
| $93M | 0.07% |
2,707,131
+633,175
| +31% | +$19.5M |
|
130
Quanta Services
PWR
$102B
| $92.3M | 0.07% |
701,069
-179,766
| -20% | -$20M |
|
131
Vertex Pharmaceuticals
VRTX
$119B
| $91.4M | 0.07% |
350,090
-433,299
| -55% | -$103M |
|
|
SWAV
132
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $89.9M | 0.07% |
433,534
+215,142
| +99% | +$35.5M |
|
133
Envista
NVST
$4.45B
| $88.8M | 0.07% |
1,823,357
+1,197,432
| +191% | +$55.2M |
|
134
Progyny
PGNY
$2.47B
| $88.6M | 0.07% |
1,723,943
-20,320
| -1% | -$870K |
|
|
XYZ
135
Block Inc
XYZ
$48.9B
| $88.2M | 0.06% |
650,466
-9,971,425
| -94% | -$1.21B |
|
136
PG&E
PCG
$38.4B
| $86.9M | 0.06% |
7,277,235
+1,631,629
| +29% | +$19.3M |
|
137
ASML
ASML
$631B
| $86.5M | 0.06% |
129,490
+21,260
| +20% | +$14.2M |
|
138
Independence Realty Trust
IRT
$3.95B
| $85.1M | 0.06% |
3,218,625
+45,435
| +1% | +$1.12M |
|
139
WillScot Mobile Mini Holdings
WSC
$4.66B
| $84.4M | 0.06% |
2,156,240
+307,591
| +17% | +$11.6M |
|
140
Stryker
SYK
$131B
| $84.1M | 0.06% |
314,521
+19,702
| +7% | +$5.1M |
|
|
SGEN
141
DELISTED
Seagen Inc. Common Stock
SGEN
| $83.5M | 0.06% |
579,797
-36,955
| -6% | -$5M |
|
142
Acadia Healthcare
ACHC
$2.85B
| $82M | 0.06% |
1,251,420
-201,193
| -14% | -$11.7M |
|
143
Entergy
ETR
$50.4B
| $81.7M | 0.06% |
1,400,064
| – | – |
|
144
Avient
AVNT
$3.43B
| $81.5M | 0.06% |
1,697,574
+42,731
| +3% | +$2.2M |
|
145
Palo Alto Networks
PANW
$283B
| $81.5M | 0.06% |
785,070
-92,484
| -11% | -$8.28M |
|
146
Saia
SAIA
$9.61B
| $79.3M | 0.06% |
325,167
+6,774
| +2% | +$1.88M |
|
147
Tower Semiconductor
TSEM
$26.5B
| $79.1M | 0.06% |
1,634,631
-130,462
| -7% | -$5.5M |
|
148
SLM Corp
SLM
$5.09B
| $79M | 0.06% |
4,301,395
+15,726
| +0.4% | +$297K |
|
149
Fortive
FTV
$18B
| $76.9M | 0.06% |
1,675,806
+239,139
| +17% | +$11.8M |
|
150
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $76.4M | 0.06% |
829,389
+82,753
| +11% | +$8.18M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.