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 | |
|---|---|---|---|---|---|---|
151
Boston Scientific
BSX
$69.5B
| $64M | 0.05% |
1,212,237
+107,093
| +10% | +$5.62M |
|
152
Dominion Energy
D
$60.8B
| $63.8M | 0.05% |
1,427,825
| – | – |
|
|
LADR
153
Ladder Capital
LADR
$1.21B
| $62.1M | 0.05% |
6,050,389
+204,089
| +3% | +$2.21M |
|
154
Ero Copper
ERO
$2.81B
| $61.2M | 0.05% |
3,544,861
+165,982
| +5% | +$3.39M |
|
155
Jazz Pharmaceuticals
JAZZ
$15.9B
| $60.9M | 0.05% |
470,599
+14,581
| +3% | +$1.94M |
|
156
Adecoagro
AGRO
$1.44B
| $59.8M | 0.05% |
5,115,684
-249,010
| -5% | -$2.69M |
|
157
e.l.f. Beauty
ELF
$4.89B
| $59.6M | 0.05% |
543,055
-64,756
| -11% | -$7.87M |
|
158
Amgen
AMGN
$208B
| $58.5M | 0.05% |
217,766
+95,027
| +77% | +$23.7M |
|
159
Ryan Specialty Holdings
RYAN
$5.72B
| $57.9M | 0.05% |
1,196,223
+49,284
| +4% | +$2.28M |
|
160
WillScot Mobile Mini Holdings
WSC
$4.39B
| $57.7M | 0.05% |
1,386,559
-88,342
| -6% | -$3.89M |
|
|
PPL
161
PPL Corp
PPL
$26.5B
| $56.4M | 0.05% |
2,395,453
-348,544
| -13% | -$9.01M |
|
162
Guardant Health
GH
$21.7B
| $56M | 0.05% |
1,890,884
+403,475
| +27% | +$14.2M |
|
163
GE HealthCare
GEHC
$30.7B
| $55M | 0.05% |
808,869
+61,643
| +8% | +$4.48M |
|
164
Markel Group
MKL
$23.3B
| $54.3M | 0.05% |
36,909
-15,848
| -30% | -$23.2M |
|
165
Enterprise Products Partners
EPD
$82.3B
| $54.3M | 0.05% |
1,982,746
+37,192
| +2% | +$995K |
|
166
Herc Holdings
HRI
$5.02B
| $54.1M | 0.05% |
454,711
+214
| +0% | +$27.9K |
|
167
Ralph Lauren
RL
$22.6B
| $53.7M | 0.05% |
462,714
+72,926
| +19% | +$8.83M |
|
|
CBAY
168
DELISTED
Cymabay Therapeutics
CBAY
| $53M | 0.05% |
3,555,274
+1,883,742
| +113% | +$25M |
|
169
BioMarin Pharmaceuticals
BMRN
$11.6B
| $52.1M | 0.04% |
589,344
+411,543
| +231% | +$36.6M |
|
170
MPLX
MPLX
$59.3B
| $51.6M | 0.04% |
1,451,092
+27,220
| +2% | +$950K |
|
171
RTX Corp
RTX
$290B
| $51.3M | 0.04% |
713,212
-478,894
| -40% | -$41M |
|
|
PYCR
172
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $51.1M | 0.04% |
2,236,780
-888
| -0% | -$21.2K |
|
173
Saia
SAIA
$9.27B
| $50.9M | 0.04% |
127,627
-50,183
| -28% | -$20.2M |
|
174
ACV Auctions
ACVA
$1.31B
| $49.3M | 0.04% |
3,247,153
+1,572,793
| +94% | +$25.5M |
|
175
Globant
GLOB
$1.58B
| $48.8M | 0.04% |
+246,671
| New | +$46.2M |
|
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.