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 |
ServiceNow
NOW
|
+$1B |
| 2 |
Advanced Micro Devices
AMD
|
+$969M |
| 3 |
Meta Platforms (Facebook)
META
|
+$960M |
| 4 |
MongoDB
MDB
|
+$579M |
| 5 |
Ulta Beauty
ULTA
|
+$497M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Danaher
DHR
|
+$1.26B |
| 2 |
T-Mobile US
TMUS
|
+$1.04B |
| 3 |
SLB Ltd
SLB
|
+$936M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$858M |
| 5 |
Atlassian
TEAM
|
+$781M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.75% |
| 2 | Consumer Discretionary | 19.8% |
| 3 | Healthcare | 13.64% |
| 4 | Financials | 8.74% |
| 5 | Communication Services | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Avient
AVNT
$3.29B
| $56.3M | 0.05% |
1,376,024
+617,771
| +81% | +$24.2M |
|
177
Cognex
CGNX
$9.62B
| $55.7M | 0.05% |
994,710
+467,678
| +89% | +$24.2M |
|
178
HEICO Corp
HEI
$49.6B
| $54.1M | 0.04% |
305,556
-26,354
| -8% | -$4.44M |
|
179
Kontoor Brands
KTB
$4.71B
| $53.6M | 0.04% |
1,273,150
-45,541
| -3% | -$1.96M |
|
180
Clear Secure
YOU
$5.88B
| $53.5M | 0.04% |
2,310,373
+390,576
| +20% | +$9.65M |
|
181
Alexandria Real Estate Equities
ARE
$9.37B
| $53.3M | 0.04% |
469,784
+122,072
| +35% | +$14.5M |
|
182
Guardant Health
GH
$19.1B
| $53.2M | 0.04% |
+1,487,409
| New | +$42.7M |
|
183
Etsy
ETSY
$8.12B
| $53.1M | 0.04% |
627,302
+103,005
| +20% | +$9.71M |
|
|
PYCR
184
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $53M | 0.04% |
2,237,668
+9,393
| +0.4% | +$219K |
|
185
Syndax Pharmaceuticals
SNDX
$1.7B
| $52.8M | 0.04% |
2,521,916
+105,462
| +4% | +$2.2M |
|
186
Ryan Specialty Holdings
RYAN
$6.02B
| $51.5M | 0.04% |
1,146,939
-65,287
| -5% | -$2.75M |
|
187
Enterprise Products Partners
EPD
$83.7B
| $51.3M | 0.04% |
1,945,554
+203,789
| +12% | +$5.33M |
|
188
Plains GP Holdings
PAGP
$5.28B
| $51.2M | 0.04% |
3,451,522
-22,532
| -0.6% | -$311K |
|
189
HubSpot
HUBS
$12.9B
| $50.9M | 0.04% |
95,666
-11,438
| -11% | -$5.36M |
|
190
Adecoagro
AGRO
$1.4B
| $50.2M | 0.04% |
5,364,694
+110,027
| +2% | +$974K |
|
191
Chefs' Warehouse
CHEF
$4.31B
| $49.7M | 0.04% |
1,389,462
+608,280
| +78% | +$20.2M |
|
192
Darling Ingredients
DAR
$9.32B
| $49.1M | 0.04% |
769,293
-90,067
| -10% | -$5.49M |
|
193
MPLX
MPLX
$58.6B
| $48.3M | 0.04% |
1,423,872
+200,432
| +16% | +$6.84M |
|
194
Ralph Lauren
RL
$22.4B
| $48.1M | 0.04% |
389,788
+32,370
| +9% | +$3.74M |
|
195
Halliburton
HAL
$26.1B
| $47.3M | 0.04% |
1,432,495
-221,402
| -13% | -$6.99M |
|
|
NSA
196
DELISTED
National Storage Affiliates Trust
NSA
| $47.2M | 0.04% |
1,354,184
+52,999
| +4% | +$2M |
|
|
RVNC
197
DELISTED
Revance Therapeutics, Inc.
RVNC
| $46.6M | 0.04% |
1,839,267
+205,962
| +13% | +$6.42M |
|
|
INN
198
Summit Hotel Properties
INN
$766M
| $46.2M | 0.04% |
7,104,437
+278,787
| +4% | +$1.84M |
|
199
Teledyne Technologies
TDY
$29.2B
| $45.3M | 0.04% |
110,277
-21
| -0% | -$8.66K |
|
200
Martin Marietta Materials
MLM
$34.2B
| $45.3M | 0.04% |
98,194
+777
| +0.8% | +$306K |
|
Similar funds
Jennison Associates's Q2 2023 Portfolio in Review
As of Q2 2023, Jennison Associates held 644 positions worth $122B, up 12% from $109B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q2 2023 filing shows 63 new, 244 increased, 244 reduced and 80 closed positions. Its largest new stake was ServiceNow: 10,029,285 shares worth $1.13B. The largest sale was Danaher, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q2 2023 buy was ServiceNow: 10,029,285 shares worth $1.13B.
- Jennison Associates added most to Advanced Micro Devices in Q2 2023, an estimated $969M increase.
- Jennison Associates's biggest Q2 2023 reduction was Danaher, cutting an estimated $1.26B.
- Jennison Associates fully exited Northrop Grumman in Q2 2023, selling an estimated $279M.
- Jennison Associates's ten largest holdings make up 42% of its $122B portfolio in Q2 2023.
- Jennison Associates opened 63 new positions and closed 80 in Q2 2023.
- Jennison Associates's portfolio value rose 12% quarter-over-quarter to $122B.
Based on Jennison Associates's 13F filing for Q2 2023, filed 3 Aug 2023.