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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Otis Worldwide
OTIS
$27.9B
| $79.4M | 0.08% |
1,123,157
-203,150
| -15% | -$15M |
|
127
Molina Healthcare
MOH
$10.4B
| $77.3M | 0.08% |
276,556
-46,982
| -15% | -$14.2M |
|
128
Tower Semiconductor
TSEM
$21.2B
| $75.5M | 0.08% |
1,635,074
+443
| +0% | +$21.1K |
|
129
Quanta Services
PWR
$84.2B
| $75.4M | 0.08% |
601,717
-99,352
| -14% | -$12.2M |
|
130
Chord Energy
CHRD
$7.68B
| $75.1M | 0.07% |
617,101
+318,733
| +107% | +$46.7M |
|
131
Affirm
AFRM
$23.5B
| $74.2M | 0.07% |
4,107,375
+46,762
| +1% | +$1.27M |
|
132
Agilent Technologies
A
$39.6B
| $73.9M | 0.07% |
622,492
+110,145
| +21% | +$13.5M |
|
133
Duke Energy
DUK
$101B
| $72.9M | 0.07% |
680,250
+161,964
| +31% | +$17.8M |
|
134
WillScot Mobile Mini Holdings
WSC
$4.37B
| $72.7M | 0.07% |
2,243,923
+87,683
| +4% | +$3.1M |
|
135
Acadia Healthcare
ACHC
$2.55B
| $71.4M | 0.07% |
1,056,471
-194,949
| -16% | -$13.6M |
|
136
Cigna
CI
$78.4B
| $70M | 0.07% |
265,712
+6,898
| +3% | +$1.78M |
|
137
Workday
WDAY
$41.5B
| $69.3M | 0.07% |
496,702
-1,981,189
| -80% | -$360M |
|
138
Evergy
EVRG
$19.4B
| $68.9M | 0.07% |
1,056,593
-399,485
| -27% | -$27.1M |
|
139
SLM Corp
SLM
$4.83B
| $68.9M | 0.07% |
4,321,847
+20,452
| +0.5% | +$354K |
|
140
Independence Realty Trust
IRT
$3.98B
| $68.6M | 0.07% |
3,308,932
+90,307
| +3% | +$2.17M |
|
141
Fortive
FTV
$18B
| $68.4M | 0.07% |
1,669,787
-6,019
| -0.4% | -$266K |
|
142
Patterson-UTI
PTEN
$3.54B
| $67.5M | 0.07% |
4,280,731
+1,504,062
| +54% | +$25.3M |
|
143
Eversource Energy
ES
$28.1B
| $67.5M | 0.07% |
798,624
+242,600
| +44% | +$21.6M |
|
|
GLDD
144
DELISTED
Great Lakes Dredge & Dock
GLDD
| $67M | 0.07% |
5,107,828
-156,627
| -3% | -$2.22M |
|
145
Stryker
SYK
$135B
| $66.9M | 0.07% |
336,533
+22,012
| +7% | +$5.17M |
|
|
146
Match Group
MTCH
$9.19B
| $66.5M | 0.07% |
954,874
-8,358,704
| -90% | -$678M |
|
|
NSA
147
DELISTED
National Storage Affiliates Trust
NSA
| $66.3M | 0.07% |
1,324,556
+463,539
| +54% | +$25.2M |
|
148
Ryan Specialty Holdings
RYAN
$6.02B
| $65.9M | 0.07% |
1,682,045
-142,195
| -8% | -$5.38M |
|
149
Enbridge
ENB
$120B
| $65.9M | 0.07% |
1,560,854
+39,419
| +3% | +$1.76M |
|
150
WEX
WEX
$6.42B
| $65M | 0.06% |
417,765
+108,858
| +35% | +$17.8M |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.