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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Eversource Energy
ES
$27.2B
| $80.1M | 0.08% |
1,028,054
+229,430
| +29% | +$20.2M |
|
127
Cigna
CI
$74.7B
| $79.6M | 0.08% |
286,820
+21,108
| +8% | +$5.94M |
|
128
Littelfuse
LFUS
$11.2B
| $79.4M | 0.08% |
399,758
-12,360
| -3% | -$2.95M |
|
129
NiSource
NI
$21.4B
| $79M | 0.08% |
3,134,908
+312
| +0% | +$9.19K |
|
130
Icon
ICLR
$12.2B
| $79M | 0.08% |
429,677
-162,128
| -27% | -$35.3M |
|
131
GFL Environmental
GFL
$15.3B
| $77.9M | 0.08% |
3,080,040
+1,431,499
| +87% | +$39.6M |
|
132
Affirm
AFRM
$25.4B
| $77.8M | 0.08% |
4,145,182
+37,807
| +0.9% | +$989K |
|
133
Workday
WDAY
$40.5B
| $76.8M | 0.08% |
504,732
+8,030
| +2% | +$1.26M |
|
134
Agilent Technologies
A
$39.2B
| $76.7M | 0.08% |
630,778
+8,286
| +1% | +$1.06M |
|
135
Sprout Social
SPT
$527M
| $76.6M | 0.08% |
1,262,223
+198,355
| +19% | +$11.9M |
|
136
Gaming and Leisure Properties
GLPI
$12.6B
| $75.5M | 0.08% |
1,706,973
+648,541
| +61% | +$32M |
|
137
Merck
MRK
$315B
| $74.6M | 0.07% |
866,022
-773,717
| -47% | -$69.1M |
|
138
Fortive
FTV
$18B
| $72.8M | 0.07% |
1,656,549
-13,238
| -0.8% | -$619K |
|
139
Lowe's Companies
LOW
$117B
| $72M | 0.07% |
383,407
+71,539
| +23% | +$13.9M |
|
140
Blackstone
BX
$104B
| $71.5M | 0.07% |
854,507
-27,679
| -3% | -$2.68M |
|
141
Mondelez International
MDLZ
$79.2B
| $70.8M | 0.07% |
1,292,080
-443,771
| -26% | -$27.6M |
|
142
Edison International
EIX
$27.9B
| $70.8M | 0.07% |
1,251,924
+658,091
| +111% | +$43.6M |
|
|
SUM
143
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $70.4M | 0.07% |
2,987,250
+512,401
| +21% | +$13.8M |
|
144
Quanta Services
PWR
$101B
| $69M | 0.07% |
541,627
-60,090
| -10% | -$8.22M |
|
145
SLM Corp
SLM
$5.06B
| $68.8M | 0.07% |
4,918,784
+596,937
| +14% | +$9.25M |
|
146
Duke Energy
DUK
$97.3B
| $67M | 0.07% |
720,090
+39,840
| +6% | +$4.28M |
|
147
Progyny
PGNY
$2.48B
| $66.9M | 0.07% |
1,805,735
+157,981
| +10% | +$5.92M |
|
148
Labcorp
LH
$25B
| $66.2M | 0.07% |
375,975
-50,023
| -12% | -$10.2M |
|
149
Cisco
CSCO
$456B
| $65.9M | 0.07% |
1,646,556
-290,898
| -15% | -$12.9M |
|
150
Southern Company
SO
$108B
| $65.1M | 0.06% |
+957,530
| New | +$72.5M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.