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 | |
|---|---|---|---|---|---|---|
176
Progyny
PGNY
$2.46B
| $47.9M | 0.05% |
1,647,754
-76,189
| -4% | -$2.73M |
|
177
Kontoor Brands
KTB
$4.71B
| $47.5M | 0.05% |
1,422,768
+195,789
| +16% | +$7.61M |
|
178
Ferrari
RACE
$67.8B
| $47.4M | 0.05% |
258,311
+12,095
| +5% | +$2.41M |
|
179
HEICO Corp
HEI
$49.6B
| $47M | 0.05% |
358,415
-23,921
| -6% | -$3.37M |
|
180
Bankunited
BKU
$3.33B
| $46.9M | 0.05% |
1,318,390
+240,482
| +22% | +$9.53M |
|
181
Enphase Energy
ENPH
$4.63B
| $46.7M | 0.05% |
239,068
-62,404
| -21% | -$11.3M |
|
182
KE Holdings
BEKE
$18.4B
| $46.1M | 0.05% |
+2,568,735
| New | +$36.2M |
|
183
Cactus
WHD
$3.63B
| $45.7M | 0.05% |
1,134,657
+80,700
| +8% | +$4.06M |
|
184
Valero Energy
VLO
$89.5B
| $45.4M | 0.05% |
427,491
+54,075
| +14% | +$6.4M |
|
185
Halliburton
HAL
$26.1B
| $45M | 0.04% |
1,435,967
+458,744
| +47% | +$17.1M |
|
186
iShares Russell 1000 Growth ETF
IWF
$117B
| $44.6M | 0.04% |
816,024
+616,012
| +308% | +$37M |
|
187
Rush Enterprises Class A
RUSHA
$6.34B
| $43.8M | 0.04% |
1,363,275
+53,316
| +4% | +$1.78M |
|
188
Twilio
TWLO
$28.6B
| $43.8M | 0.04% |
522,494
-2,300,278
| -81% | -$257M |
|
189
Cousins Properties
CUZ
$5.31B
| $43.8M | 0.04% |
1,497,954
-8,069
| -0.5% | -$279K |
|
|
INN
190
Summit Hotel Properties
INN
$766M
| $43M | 0.04% |
5,916,261
+479,164
| +9% | +$4.21M |
|
|
TXNM
191
TXNM Energy Inc
TXNM
$6.39B
| $43M | 0.04% |
899,083
+13,844
| +2% | +$649K |
|
192
Gartner
IT
$11.1B
| $42.7M | 0.04% |
176,498
-24,874
| -12% | -$6.62M |
|
193
GFL Environmental
GFL
$14.5B
| $42.5M | 0.04% |
1,648,541
-135,853
| -8% | -$4.03M |
|
194
Darling Ingredients
DAR
$9.32B
| $42.4M | 0.04% |
708,713
+127,794
| +22% | +$9.7M |
|
195
Eastern Bankshares
EBC
$5.27B
| $41.9M | 0.04% |
2,271,203
+27,229
| +1% | +$528K |
|
196
Bloomin' Brands
BLMN
$754M
| $41.9M | 0.04% |
2,522,578
+83,366
| +3% | +$1.69M |
|
197
Enterprise Financial Services Corp
EFSC
$2.4B
| $41.9M | 0.04% |
1,008,733
+32,449
| +3% | +$1.45M |
|
198
Century Communities
CCS
$1.98B
| $41.6M | 0.04% |
926,150
+14,388
| +2% | +$727K |
|
199
Diamondback Energy
FANG
$56B
| $41.2M | 0.04% |
340,373
+56,481
| +20% | +$7.74M |
|
|
Y
200
DELISTED
Alleghany Corp
Y
| $41M | 0.04% |
49,161
-12,784
| -21% | -$10.7M |
|
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.