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 | |
|---|---|---|---|---|---|---|
126
Ferrari
RACE
$69.2B
| $82.4M | 0.07% |
278,721
+15,214
| +6% | +$4.72M |
|
127
Williams Companies
WMB
$87.5B
| $81.7M | 0.07% |
2,426,302
-728,249
| -23% | -$24.9M |
|
128
Mondelez International
MDLZ
$79.5B
| $81.6M | 0.07% |
1,175,239
-271,513
| -19% | -$19.6M |
|
129
Cooper Companies
COO
$14.1B
| $80.3M | 0.07% |
1,009,508
+33,704
| +3% | +$3.11M |
|
130
Plains GP Holdings
PAGP
$5.21B
| $79.9M | 0.07% |
4,958,406
+1,506,884
| +44% | +$23.7M |
|
131
Blackstone
BX
$102B
| $77.7M | 0.07% |
725,684
+86,666
| +14% | +$9.02M |
|
|
PR
132
Permian Resources
PR
$17.8B
| $76.6M | 0.07% |
+5,489,179
| New | +$69M |
|
133
Lowe's Companies
LOW
$117B
| $76.4M | 0.06% |
367,604
+68,806
| +23% | +$15.5M |
|
134
Pinnacle West Capital
PNW
$12.2B
| $75.7M | 0.06% |
1,027,642
| – | – |
|
135
General Motors
GM
$80.4B
| $74.5M | 0.06% |
2,259,796
+565
| +0% | +$20.1K |
|
136
Century Communities
CCS
$1.91B
| $74.4M | 0.06% |
1,114,466
+164,478
| +17% | +$12M |
|
137
Bloomin' Brands
BLMN
$741M
| $73.7M | 0.06% |
2,996,775
-407,933
| -12% | -$10.8M |
|
138
Paycom
PAYC
$7.64B
| $73.3M | 0.06% |
282,819
-29,294
| -9% | -$8.93M |
|
139
Hexcel
HXL
$7.79B
| $72.9M | 0.06% |
1,119,394
-103,695
| -8% | -$7.37M |
|
140
Churchill Downs
CHDN
$5.88B
| $72.3M | 0.06% |
623,260
-99,368
| -14% | -$12.3M |
|
141
FirstEnergy
FE
$28B
| $71.7M | 0.06% |
2,097,344
-132
| -0% | -$4.91K |
|
142
Cigna
CI
$73.7B
| $71.3M | 0.06% |
249,152
-32,310
| -11% | -$9.21M |
|
143
Shell
SHEL
$254B
| $70.4M | 0.06% |
1,093,757
+372,258
| +52% | +$23.2M |
|
144
Enerpac Tool Group
EPAC
$1.83B
| $70.4M | 0.06% |
2,661,861
+540,747
| +25% | +$14.4M |
|
145
Cactus
WHD
$5.21B
| $68.3M | 0.06% |
1,360,308
-1,371
| -0.1% | -$68.9K |
|
146
Halliburton
HAL
$26.9B
| $68M | 0.06% |
1,679,622
+247,127
| +17% | +$9.68M |
|
|
PLYM
147
DELISTED
Plymouth Industrial REIT
PLYM
| $65.8M | 0.06% |
3,139,434
+383,336
| +14% | +$8.63M |
|
148
Burlington
BURL
$23.2B
| $64.7M | 0.05% |
477,952
+105,464
| +28% | +$16.9M |
|
149
Hayward Holdings
HAYW
$3.21B
| $64.4M | 0.05% |
4,564,164
+46,771
| +1% | +$642K |
|
150
Acadia Healthcare
ACHC
$2.76B
| $64M | 0.05% |
910,641
+47,491
| +6% | +$3.55M |
|
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.