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 | |
|---|---|---|---|---|---|---|
151
Brunswick
BC
$5.16B
| $75.2M | 0.06% |
929,764
+95,632
| +11% | +$8.82M |
|
152
Thermo Fisher Scientific
TMO
$213B
| $74.5M | 0.05% |
126,213
-20,808
| -14% | -$12M |
|
|
GLDD
153
DELISTED
Great Lakes Dredge & Dock
GLDD
| $73.9M | 0.05% |
5,264,455
+72,769
| +1% | +$1.05M |
|
|
NARI
154
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $72.9M | 0.05% |
803,947
+48,470
| +6% | +$3.97M |
|
155
Royal Caribbean
RCL
$86.7B
| $71.8M | 0.05% |
856,540
-193,802
| -18% | -$15.3M |
|
156
Ryan Specialty Holdings
RYAN
$5.65B
| $70.8M | 0.05% |
1,824,240
+256,288
| +16% | +$9.73M |
|
157
CBRE Group
CBRE
$43B
| $70.2M | 0.05% |
767,500
-78,081
| -9% | -$7.61M |
|
158
Enbridge
ENB
$118B
| $70M | 0.05% |
1,521,435
+77,790
| +5% | +$3.33M |
|
159
American Water Works
AWK
$26.1B
| $69.6M | 0.05% |
420,471
-27,713
| -6% | -$4.39M |
|
160
United Rentals
URI
$69.5B
| $69.5M | 0.05% |
195,537
-13,421
| -6% | -$4.38M |
|
161
Citigroup
C
$224B
| $69.3M | 0.05% |
1,297,460
-811,066
| -38% | -$50.1M |
|
162
SBA Communications
SBAC
$19B
| $69.1M | 0.05% |
200,762
-101,012
| -33% | -$32.8M |
|
163
RenaissanceRe
RNR
$13.4B
| $68.2M | 0.05% |
430,003
+45,846
| +12% | +$7.12M |
|
164
Alexandria Real Estate Equities
ARE
$9.24B
| $68M | 0.05% |
337,753
+121,925
| +56% | +$23.8M |
|
165
Agilent Technologies
A
$39.5B
| $67.8M | 0.05% |
512,347
+215,891
| +73% | +$29.7M |
|
166
Zurn Elkay Water Solutions
ZWS
$8.49B
| $67.2M | 0.05% |
1,896,935
+191,539
| +11% | +$6.37M |
|
167
JB Hunt Transport Services
JBHT
$25.1B
| $66.9M | 0.05% |
333,104
+20,303
| +6% | +$4.05M |
|
168
CONMED
CNMD
$1.55B
| $66.1M | 0.05% |
445,083
+133,303
| +43% | +$18.6M |
|
169
Outset Medical
OM
$92.5M
| $65.2M | 0.05% |
95,795
+4,614
| +5% | +$2.78M |
|
170
Cigna
CI
$74.5B
| $62M | 0.05% |
258,814
-78,989
| -23% | -$18.5M |
|
|
EFOR
171
Everforth Inc
EFOR
$1.22B
| $61.6M | 0.05% |
528,021
+14,331
| +3% | +$1.62M |
|
172
Nordson
NDSN
$16.9B
| $60.9M | 0.04% |
268,144
+35,488
| +15% | +$8.16M |
|
173
Enphase Energy
ENPH
$5.2B
| $60.8M | 0.04% |
301,472
+44,030
| +17% | +$6.92M |
|
174
Cousins Properties
CUZ
$5.17B
| $60.7M | 0.04% |
1,506,023
+46,293
| +3% | +$1.83M |
|
175
Varonis Systems
VRNS
$4.73B
| $60.5M | 0.04% |
1,273,623
+140,132
| +12% | +$5.74M |
|
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.