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 | |
|---|---|---|---|---|---|---|
151
Avient
AVNT
$3.29B
| $63.7M | 0.06% |
1,589,081
-108,493
| -6% | -$5.12M |
|
152
SBA Communications
SBAC
$19.8B
| $63M | 0.06% |
196,838
-3,924
| -2% | -$1.32M |
|
153
Lam Research
LRCX
$316B
| $62M | 0.06% |
1,455,070
-571,320
| -28% | -$27.2M |
|
154
Sprout Social
SPT
$530M
| $61.8M | 0.06% |
1,063,868
+519,059
| +95% | +$30.2M |
|
155
Full Truck Alliance
YMM
$10B
| $60.8M | 0.06% |
6,712,638
-24,954
| -0.4% | -$170K |
|
156
BioMarin Pharmaceuticals
BMRN
$11.9B
| $60.4M | 0.06% |
729,170
+22,642
| +3% | +$1.8M |
|
157
Citigroup
C
$213B
| $59.4M | 0.06% |
1,292,532
-4,928
| -0.4% | -$247K |
|
158
General Motors
GM
$80.9B
| $59.4M | 0.06% |
1,870,163
-757,148
| -29% | -$28.4M |
|
159
Brunswick
BC
$5.23B
| $57.6M | 0.06% |
881,523
-48,241
| -5% | -$3.55M |
|
160
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $56.7M | 0.06% |
784,072
-45,317
| -5% | -$3.58M |
|
|
SUM
161
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $56.7M | 0.06% |
2,474,849
+508,006
| +26% | +$13.5M |
|
162
Lowe's Companies
LOW
$121B
| $54.5M | 0.05% |
311,868
-327,966
| -51% | -$63.2M |
|
163
e.l.f. Beauty
ELF
$4.77B
| $53.8M | 0.05% |
1,752,309
+51,820
| +3% | +$1.3M |
|
164
Shift4
FOUR
$4.45B
| $53.4M | 0.05% |
1,615,993
+63,540
| +4% | +$3M |
|
165
IQVIA
IQV
$40.7B
| $52.3M | 0.05% |
241,026
-11,695
| -5% | -$2.54M |
|
166
Kanzhun
BZ
$7.19B
| $51.2M | 0.05% |
1,950,047
+2,982
| +0.2% | +$66.2K |
|
167
Saia
SAIA
$10.5B
| $51.2M | 0.05% |
272,295
-52,872
| -16% | -$10.6M |
|
168
Essential Utilities
WTRG
$11.5B
| $51M | 0.05% |
1,113,074
-1,021,767
| -48% | -$47.5M |
|
169
Jack Henry & Associates
JKHY
$11.4B
| $50.1M | 0.05% |
278,460
-22,178
| -7% | -$4.15M |
|
170
Alexandria Real Estate Equities
ARE
$9.37B
| $49.9M | 0.05% |
344,141
+6,388
| +2% | +$1.08M |
|
171
Zurn Elkay Water Solutions
ZWS
$8.55B
| $49.6M | 0.05% |
1,822,219
-74,716
| -4% | -$2.27M |
|
|
EFOR
172
Everforth Inc
EFOR
$960M
| $49M | 0.05% |
543,140
+15,119
| +3% | +$1.55M |
|
173
Gaming and Leisure Properties
GLPI
$13B
| $48.5M | 0.05% |
1,058,432
-34,839
| -3% | -$1.59M |
|
174
Jazz Pharmaceuticals
JAZZ
$16.1B
| $48.3M | 0.05% |
309,400
+175,916
| +132% | +$27.1M |
|
175
CONMED
CNMD
$1.3B
| $48M | 0.05% |
500,853
+55,770
| +13% | +$6.69M |
|
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.