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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Vaxcyte
PCVX
$7.81B
| $68.2M | 0.07% |
+1,422,007
| New | +$55.8M |
|
152
Kirby Corp
KEX
$7.01B
| $67.1M | 0.07% |
1,042,696
+404,845
| +63% | +$27M |
|
153
Paycom
PAYC
$7.64B
| $65.2M | 0.07% |
210,216
+83,177
| +65% | +$26.8M |
|
154
Littelfuse
LFUS
$11.2B
| $64.5M | 0.07% |
292,951
-106,807
| -27% | -$23.8M |
|
155
Enterprise Financial Services Corp
EFSC
$2.4B
| $63.7M | 0.06% |
1,301,703
+217,302
| +20% | +$10.8M |
|
156
Halliburton
HAL
$26.9B
| $63.3M | 0.06% |
1,608,804
+172,287
| +12% | +$6.1M |
|
157
Agilent Technologies
A
$39.1B
| $63.3M | 0.06% |
422,690
-208,088
| -33% | -$29.7M |
|
158
Huron Consulting
HURN
$2.41B
| $62.2M | 0.06% |
857,406
-1,040
| -0.1% | -$76.5K |
|
159
Envista
NVST
$4.44B
| $62.2M | 0.06% |
1,847,410
-621,377
| -25% | -$21.2M |
|
160
BioMarin Pharmaceuticals
BMRN
$11.6B
| $59.9M | 0.06% |
578,623
+15,117
| +3% | +$1.42M |
|
161
AES
AES
$10.5B
| $59.9M | 0.06% |
2,081,516
+653,932
| +46% | +$17.6M |
|
|
HZNP
162
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $59.6M | 0.06% |
523,678
-1,217,432
| -70% | -$101M |
|
163
Bloomin' Brands
BLMN
$741M
| $59.6M | 0.06% |
2,959,829
+32,543
| +1% | +$705K |
|
164
Alexandria Real Estate Equities
ARE
$8.97B
| $59.1M | 0.06% |
405,836
+960
| +0.2% | +$139K |
|
165
e.l.f. Beauty
ELF
$4.89B
| $59.1M | 0.06% |
1,067,829
-339,531
| -24% | -$16.6M |
|
166
Independence Realty Trust
IRT
$3.92B
| $58.8M | 0.06% |
3,485,887
+39,912
| +1% | +$675K |
|
167
Syndax Pharmaceuticals
SNDX
$1.69B
| $58.6M | 0.06% |
2,302,246
+652,451
| +40% | +$15.2M |
|
168
Lowe's Companies
LOW
$117B
| $57.9M | 0.06% |
290,658
-92,749
| -24% | -$18.5M |
|
|
ROIC
169
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $57.7M | 0.06% |
3,840,284
-28,754
| -0.7% | -$422K |
|
170
Brunswick
BC
$5.13B
| $57.4M | 0.06% |
797,001
-11,197
| -1% | -$796K |
|
171
Universal Display
OLED
$3.68B
| $55.5M | 0.06% |
513,311
+137,408
| +37% | +$14.4M |
|
172
Cactus
WHD
$5.21B
| $55.3M | 0.06% |
1,100,602
-26,728
| -2% | -$1.34M |
|
173
Blackstone
BX
$102B
| $54.9M | 0.06% |
740,371
-114,136
| -13% | -$9.86M |
|
174
CONMED
CNMD
$1.39B
| $54.9M | 0.06% |
619,336
+113,530
| +22% | +$9.42M |
|
175
Ferrari
RACE
$69.2B
| $54.6M | 0.06% |
254,695
+394
| +0.2% | +$81.2K |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.