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 | |
|---|---|---|---|---|---|---|
|
SUM
176
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $60.1M | 0.04% |
1,966,843
+94,005
| +5% | +$3.13M |
|
177
Gartner
IT
$10.1B
| $59.9M | 0.04% |
201,372
+33,967
| +20% | +$9.83M |
|
178
Cactus
WHD
$5.21B
| $59.8M | 0.04% |
1,053,957
+79,151
| +8% | +$3.92M |
|
179
Jack Henry & Associates
JKHY
$10.9B
| $59.2M | 0.04% |
300,638
+113,382
| +61% | +$19.8M |
|
180
Wintrust Financial
WTFC
$10.8B
| $59M | 0.04% |
635,339
+68,391
| +12% | +$6.66M |
|
181
HEICO Corp
HEI
$49.8B
| $58.7M | 0.04% |
382,336
+5,157
| +1% | +$749K |
|
182
IQVIA
IQV
$38.7B
| $58.4M | 0.04% |
252,721
-199,988
| -44% | -$47.4M |
|
183
GFL Environmental
GFL
$14.9B
| $58.1M | 0.04% |
1,784,394
-11,709
| -0.7% | -$367K |
|
184
Duke Energy
DUK
$97.8B
| $57.9M | 0.04% |
518,286
| – | – |
|
185
Hilton Worldwide
HLT
$72.1B
| $56.8M | 0.04% |
374,249
-64,618
| -15% | -$9.53M |
|
186
Enovis
ENOV
$1.68B
| $56.4M | 0.04% |
824,125
+20,929
| +3% | +$1.49M |
|
187
Energy Transfer Partners
ET
$70.1B
| $56.2M | 0.04% |
5,024,777
+893,509
| +22% | +$8.86M |
|
188
WEX
WEX
$6.37B
| $55.1M | 0.04% |
308,907
+23,322
| +8% | +$3.8M |
|
189
BioMarin Pharmaceuticals
BMRN
$11.6B
| $54.5M | 0.04% |
706,528
+153,984
| +28% | +$12.9M |
|
|
190
Sea Limited
SE
$65.4B
| $54.3M | 0.04% |
452,950
-8,138,730
| -95% | -$1.15B |
|
|
INN
191
Summit Hotel Properties
INN
$746M
| $54.2M | 0.04% |
5,437,097
+780,049
| +17% | +$7.66M |
|
|
NSA
192
DELISTED
National Storage Affiliates Trust
NSA
| $54M | 0.04% |
861,017
+144,421
| +20% | +$8.89M |
|
193
Ferrari
RACE
$69.2B
| $53.7M | 0.04% |
246,216
+31,030
| +14% | +$6.93M |
|
194
Inspire Medical Systems
INSP
$1.45B
| $53.6M | 0.04% |
208,814
+1,588
| +0.8% | +$363K |
|
195
Bloomin' Brands
BLMN
$741M
| $53.5M | 0.04% |
2,439,212
+66,955
| +3% | +$1.44M |
|
196
Prologis
PLD
$135B
| $53.4M | 0.04% |
330,947
+100,338
| +44% | +$15.3M |
|
197
Walt Disney
DIS
$167B
| $53.3M | 0.04% |
388,432
-260,211
| -40% | -$37.6M |
|
|
PACW
198
DELISTED
PacWest Bancorp
PACW
| $53.3M | 0.04% |
1,235,119
+67,165
| +6% | +$3.17M |
|
199
Zai Lab
ZLAB
$2.06B
| $53M | 0.04% |
1,205,378
+1,183,536
| +5,419% | +$57.2M |
|
200
Universal Display
OLED
$3.68B
| $52.6M | 0.04% |
315,092
-7,350
| -2% | -$1.14M |
|
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.