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 |
NVIDIA
NVDA
|
+$882M |
| 2 |
Netflix
NFLX
|
+$813M |
| 3 |
T-Mobile US
TMUS
|
+$722M |
| 4 |
Intuitive Surgical
ISRG
|
+$301M |
| 5 |
DexCom
DXCM
|
+$246M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$2.03B |
| 2 |
Salesforce
CRM
|
+$890M |
| 3 |
CrowdStrike
CRWD
|
+$654M |
| 4 |
Apple
AAPL
|
+$542M |
| 5 |
Atlassian
TEAM
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.75% |
| 2 | Healthcare | 20.44% |
| 3 | Consumer Discretionary | 17.04% |
| 4 | Financials | 10.94% |
| 5 | Communication Services | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
SBA Communications
SBAC
$19.2B
| $54.3M | 0.06% |
193,545
-13,435
| -6% | -$3.74M |
|
177
Ryan Specialty Holdings
RYAN
$5.72B
| $53.5M | 0.05% |
1,287,862
-128,142
| -9% | -$5.24M |
|
178
Clear Secure
YOU
$5.57B
| $52.1M | 0.05% |
1,898,696
+84,485
| +5% | +$2.33M |
|
179
Icon
ICLR
$12.6B
| $52M | 0.05% |
267,902
-161,775
| -38% | -$32.1M |
|
180
Darling Ingredients
DAR
$9.64B
| $51.8M | 0.05% |
827,477
-110,304
| -12% | -$7.78M |
|
181
Bankunited
BKU
$3.37B
| $51.3M | 0.05% |
1,509,480
+69,727
| +5% | +$2.46M |
|
182
First Bancorp
FBNC
$2.6B
| $51.2M | 0.05% |
1,196,152
+73,845
| +7% | +$3.24M |
|
|
ENLC
183
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $51M | 0.05% |
4,145,100
-332,183
| -7% | -$3.84M |
|
184
HEICO Corp
HEI
$49.8B
| $50.9M | 0.05% |
331,153
-5,477
| -2% | -$853K |
|
185
On Holding
ONON
$12.1B
| $49.3M | 0.05% |
2,871,969
+560,669
| +24% | +$9.81M |
|
186
Century Communities
CCS
$1.91B
| $49.2M | 0.05% |
984,726
-1,277
| -0.1% | -$60.4K |
|
|
NSA
187
DELISTED
National Storage Affiliates Trust
NSA
| $49.2M | 0.05% |
1,361,028
+41,223
| +3% | +$1.61M |
|
|
INN
188
Summit Hotel Properties
INN
$746M
| $48.6M | 0.05% |
6,734,898
+38,086
| +0.6% | +$298K |
|
189
Ralph Lauren
RL
$22.6B
| $48.5M | 0.05% |
458,932
-34,174
| -7% | -$3.42M |
|
|
TXNM
190
TXNM Energy Inc
TXNM
$6.41B
| $48.4M | 0.05% |
991,827
+15,818
| +2% | +$753K |
|
|
PYCR
191
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $47.8M | 0.05% |
1,953,354
+423,179
| +28% | +$11.7M |
|
192
Saia
SAIA
$9.27B
| $47.6M | 0.05% |
227,188
-1,089
| -0.5% | -$237K |
|
193
Eastern Bankshares
EBC
$5.26B
| $47.5M | 0.05% |
2,753,965
+52,201
| +2% | +$999K |
|
194
Diamondback Energy
FANG
$57.1B
| $47.2M | 0.05% |
345,406
-7,638
| -2% | -$1.12M |
|
195
Pinduoduo
PDD
$126B
| $46.4M | 0.05% |
568,607
+52,569
| +10% | +$3.66M |
|
196
Churchill Downs
CHDN
$5.88B
| $46.2M | 0.05% |
436,870
+185,224
| +74% | +$19.5M |
|
|
IMGN
197
DELISTED
Immunogen Inc
IMGN
| $45.3M | 0.05% |
9,140,359
+2,942,879
| +47% | +$16M |
|
198
CoStar Group
CSGP
$11.7B
| $45.2M | 0.05% |
584,636
-6,729
| -1% | -$526K |
|
199
Zurn Elkay Water Solutions
ZWS
$8.38B
| $44.8M | 0.05% |
2,120,196
-106,494
| -5% | -$2.51M |
|
200
Quanta Services
PWR
$100B
| $44.5M | 0.05% |
312,548
-229,079
| -42% | -$32.5M |
|
Similar funds
Jennison Associates's Q4 2022 Portfolio in Review
As of Q4 2022, Jennison Associates held 646 positions worth $98.7B, down 1.9% from $101B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Jennison Associates withdrew a net $3.42B in Q4 2022, closing 75 positions and reducing 267 holdings. Its most notable exit was Target, an estimated $231M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in ICICI Bank worth $102M.
- Jennison Associates's largest Q4 2022 buy was ICICI Bank: 4,644,701 shares worth $102M.
- Jennison Associates added most to NVIDIA in Q4 2022, an estimated $882M increase.
- Jennison Associates's biggest Q4 2022 reduction was Tesla, cutting an estimated $2.03B.
- Jennison Associates fully exited Target in Q4 2022, selling an estimated $231M.
- Jennison Associates's ten largest holdings make up 35% of its $98.7B portfolio in Q4 2022.
- Jennison Associates opened 47 new positions and closed 75 in Q4 2022.
- Jennison Associates's portfolio value fell 1.9% quarter-over-quarter to $98.7B.
Based on Jennison Associates's 13F filing for Q4 2022, filed 9 Feb 2023.