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 | |
|---|---|---|---|---|---|---|
151
e.l.f. Beauty
ELF
$4.77B
| $69.4M | 0.06% |
607,811
-180,140
| -23% | -$17.3M |
|
152
Acadia Healthcare
ACHC
$2.55B
| $68.7M | 0.06% |
863,150
-166,329
| -16% | -$12M |
|
153
Ero Copper
ERO
$2.64B
| $68.3M | 0.06% |
3,378,879
+154,334
| +5% | +$2.92M |
|
154
Becton Dickinson
BDX
$46.4B
| $67.8M | 0.06% |
+256,930
| New | +$65.3M |
|
155
Lowe's Companies
LOW
$121B
| $67.4M | 0.06% |
298,798
-18,476
| -6% | -$3.84M |
|
156
Xcel Energy
XEL
$49.2B
| $66.9M | 0.05% |
1,076,178
-20,157
| -2% | -$1.35M |
|
157
CONMED
CNMD
$1.3B
| $66.3M | 0.05% |
487,604
-137,106
| -22% | -$16.7M |
|
158
Qualcomm
QCOM
$164B
| $64.1M | 0.05% |
538,127
-219,959
| -29% | -$25.3M |
|
|
PLYM
159
DELISTED
Plymouth Industrial REIT
PLYM
| $63.4M | 0.05% |
2,756,098
+354,972
| +15% | +$7.59M |
|
|
LADR
160
Ladder Capital
LADR
$1.24B
| $63.4M | 0.05% |
5,846,300
+520,982
| +10% | +$5.05M |
|
161
Toll Brothers
TOL
$14B
| $62.6M | 0.05% |
791,531
-15,549
| -2% | -$1.04M |
|
162
Herc Holdings
HRI
$4.78B
| $62.2M | 0.05% |
454,497
+28,705
| +7% | +$3.18M |
|
163
Saia
SAIA
$10.5B
| $60.9M | 0.05% |
177,810
-33,677
| -16% | -$9.75M |
|
164
GE HealthCare
GEHC
$32.5B
| $60.7M | 0.05% |
747,226
+238,403
| +47% | +$19M |
|
|
165
Thermo Fisher Scientific
TMO
$214B
| $60.7M | 0.05% |
116,314
-1,589,185
| -93% | -$858M |
|
166
Boston Scientific
BSX
$68.4B
| $59.8M | 0.05% |
1,105,144
+23,098
| +2% | +$1.21M |
|
167
Blackstone
BX
$104B
| $59.4M | 0.05% |
639,018
-10,074
| -2% | -$870K |
|
168
Burlington
BURL
$23.4B
| $58.6M | 0.05% |
372,488
+123,348
| +50% | +$21.2M |
|
169
GE Aerospace
GE
$364B
| $58.2M | 0.05% |
663,839
+53,111
| +9% | +$4.3M |
|
170
Hayward Holdings
HAYW
$3.23B
| $58M | 0.05% |
4,517,393
+2,262,363
| +100% | +$26.1M |
|
171
Cactus
WHD
$3.63B
| $57.6M | 0.05% |
1,361,679
-30,712
| -2% | -$1.2M |
|
172
Enerpac Tool Group
EPAC
$1.86B
| $57.3M | 0.05% |
2,121,114
+735,001
| +53% | +$18.7M |
|
173
Weatherford International
WFRD
$5.9B
| $56.7M | 0.05% |
853,965
+724,358
| +559% | +$44.6M |
|
174
Independence Realty Trust
IRT
$3.98B
| $56.7M | 0.05% |
3,111,937
+230,235
| +8% | +$3.93M |
|
175
Jazz Pharmaceuticals
JAZZ
$16.1B
| $56.5M | 0.05% |
456,018
+4,753
| +1% | +$639K |
|
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.