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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EFOR
176
Everforth Inc
EFOR
$1.17B
| $49.8M | 0.05% |
551,070
+7,930
| +1% | +$769K |
|
177
Bankunited
BKU
$3.37B
| $49.2M | 0.05% |
1,439,753
+121,363
| +9% | +$4.54M |
|
178
HEICO Corp
HEI
$49.8B
| $48.5M | 0.05% |
336,630
-21,785
| -6% | -$3.27M |
|
179
BioMarin Pharmaceuticals
BMRN
$11.6B
| $47.8M | 0.05% |
563,506
-165,664
| -23% | -$14.8M |
|
180
Enterprise Financial Services Corp
EFSC
$2.4B
| $47.8M | 0.05% |
1,084,401
+75,668
| +8% | +$3.44M |
|
181
Coupang
CPNG
$29.3B
| $47.1M | 0.05% |
2,824,866
+783,885
| +38% | +$13.5M |
|
182
Ferrari
RACE
$69.2B
| $47M | 0.05% |
254,301
-4,010
| -2% | -$800K |
|
183
Grid Dynamics Holdings
GDYN
$559M
| $45.5M | 0.05% |
2,426,949
+329,322
| +16% | +$6.24M |
|
184
Cooper Companies
COO
$14.1B
| $45.3M | 0.05% |
687,200
+323,572
| +89% | +$24.8M |
|
|
PYCR
185
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $45.2M | 0.05% |
1,530,175
+72,204
| +5% | +$2.09M |
|
|
INN
186
Summit Hotel Properties
INN
$746M
| $45M | 0.04% |
6,696,812
+780,551
| +13% | +$6.1M |
|
|
TXNM
187
TXNM Energy Inc
TXNM
$6.41B
| $44.6M | 0.04% |
976,009
+76,926
| +9% | +$3.66M |
|
188
Armstrong World Industries
AWI
$7.38B
| $44.4M | 0.04% |
559,940
+132,422
| +31% | +$11.2M |
|
|
SGEN
189
DELISTED
Seagen Inc. Common Stock
SGEN
| $44.4M | 0.04% |
324,230
-150,585
| -32% | -$24.5M |
|
190
Arista Networks
ANET
$227B
| $44.3M | 0.04% |
1,570,752
+444,868
| +40% | +$12.8M |
|
191
Saia
SAIA
$9.27B
| $43.4M | 0.04% |
228,277
-44,018
| -16% | -$9.33M |
|
192
Cactus
WHD
$5.21B
| $43.3M | 0.04% |
1,127,330
-7,327
| -0.6% | -$294K |
|
193
Gartner
IT
$10.1B
| $43.2M | 0.04% |
156,296
-20,202
| -11% | -$5.66M |
|
194
Diamondback Energy
FANG
$57.1B
| $42.5M | 0.04% |
353,044
+12,671
| +4% | +$1.58M |
|
195
Pacira BioSciences
PCRX
$1.04B
| $42.4M | 0.04% |
797,051
+382,680
| +92% | +$21.3M |
|
196
Twilio
TWLO
$30B
| $42.4M | 0.04% |
612,785
+90,291
| +17% | +$7.21M |
|
197
Century Communities
CCS
$1.91B
| $42.2M | 0.04% |
986,003
+59,853
| +6% | +$2.9M |
|
198
Paycom
PAYC
$7.64B
| $41.9M | 0.04% |
127,039
-6,677
| -5% | -$2.3M |
|
199
Ralph Lauren
RL
$22.6B
| $41.9M | 0.04% |
493,106
+127,355
| +35% | +$12M |
|
200
Clear Secure
YOU
$5.57B
| $41.5M | 0.04% |
1,814,211
+628,131
| +53% | +$15.4M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.