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 | |
|---|---|---|---|---|---|---|
126
General Motors
GM
$80.9B
| $87.1M | 0.07% |
2,259,231
-11,587
| -0.5% | -$401K |
|
127
Ferrari
RACE
$67.8B
| $85.7M | 0.07% |
263,507
+5,088
| +2% | +$1.48M |
|
128
Sprout Social
SPT
$530M
| $84M | 0.07% |
1,820,130
+381,294
| +27% | +$18.1M |
|
129
Pinnacle West Capital
PNW
$12.4B
| $83.7M | 0.07% |
1,027,642
+90,017
| +10% | +$7.18M |
|
130
Dell
DELL
$239B
| $83.2M | 0.07% |
+1,537,704
| New | +$70.8M |
|
|
SUM
131
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $82.4M | 0.07% |
2,178,234
-401,475
| -16% | -$12.4M |
|
|
PDCE
132
DELISTED
PDC Energy, Inc.
PDCE
| $81.7M | 0.07% |
1,148,113
-1,484,317
| -56% | -$100M |
|
133
FirstEnergy
FE
$28.4B
| $81.5M | 0.07% |
2,097,476
+1,275,405
| +155% | +$50M |
|
134
Phreesia
PHR
$689M
| $79.8M | 0.07% |
2,571,842
+1,194,479
| +87% | +$37.4M |
|
135
Cigna
CI
$78.4B
| $79M | 0.06% |
281,462
+12,375
| +5% | +$3.22M |
|
136
Littelfuse
LFUS
$10.4B
| $77M | 0.06% |
264,402
-18,805
| -7% | -$4.92M |
|
137
Truist Financial
TFC
$63.9B
| $76.8M | 0.06% |
2,531,665
+399,139
| +19% | +$12.4M |
|
138
Tower Semiconductor
TSEM
$21.2B
| $76M | 0.06% |
2,026,700
+98,382
| +5% | +$4.07M |
|
139
Brunswick
BC
$5.23B
| $75.7M | 0.06% |
874,140
+60,026
| +7% | +$4.9M |
|
140
GFL Environmental
GFL
$14.5B
| $75.2M | 0.06% |
1,936,977
-362,159
| -16% | -$13.2M |
|
141
Dominion Energy
D
$62.1B
| $73.9M | 0.06% |
1,427,825
+281,953
| +25% | +$15.3M |
|
142
Markel Group
MKL
$25.2B
| $73M | 0.06% |
52,757
+14,927
| +39% | +$20M |
|
143
Century Communities
CCS
$1.98B
| $72.8M | 0.06% |
949,988
-47,566
| -5% | -$3.18M |
|
144
Vaxcyte
PCVX
$7.65B
| $72.6M | 0.06% |
1,454,502
+24,463
| +2% | +$1.16M |
|
|
PPL
145
PPL Corp
PPL
$26.9B
| $72.6M | 0.06% |
2,743,997
-833,330
| -23% | -$23M |
|
146
Vistra
VST
$48.2B
| $72.2M | 0.06% |
2,749,148
+812,583
| +42% | +$19.9M |
|
147
KBR
KBR
$4.56B
| $71.5M | 0.06% |
1,098,853
-254,297
| -19% | -$15.2M |
|
148
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $71.4M | 0.06% |
1,260,805
+204,528
| +19% | +$10.8M |
|
149
WillScot Mobile Mini Holdings
WSC
$4.37B
| $70.5M | 0.06% |
1,474,901
-73,197
| -5% | -$3.27M |
|
150
Huron Consulting
HURN
$2.71B
| $70.1M | 0.06% |
825,296
-63,052
| -7% | -$5.17M |
|
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.