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 |
Amazon
AMZN
|
+$1.63B |
| 2 |
Meta Platforms (Facebook)
META
|
+$798M |
| 3 |
MongoDB
MDB
|
+$663M |
| 4 |
HubSpot
HUBS
|
+$364M |
| 5 |
Arm
ARM
|
+$351M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2B |
| 2 |
NVIDIA
NVDA
|
+$993M |
| 3 |
S&P Global
SPGI
|
+$603M |
| 4 |
UnitedHealth
UNH
|
+$585M |
| 5 |
DexCom
DXCM
|
+$337M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.88% |
| 2 | Consumer Discretionary | 20.92% |
| 3 | Healthcare | 13.78% |
| 4 | Communication Services | 9.74% |
| 5 | Financials | 8.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Teledyne Technologies
TDY
$30.4B
| $48.4M | 0.04% |
118,458
+8,181
| +7% | +$3.32M |
|
177
Energy Transfer Partners
ET
$70.1B
| $48.3M | 0.04% |
3,445,945
-4,664,919
| -58% | -$61.9M |
|
178
Avient
AVNT
$3.33B
| $48.2M | 0.04% |
1,365,158
-10,866
| -0.8% | -$421K |
|
179
Kontoor Brands
KTB
$4.63B
| $48.2M | 0.04% |
1,097,236
-175,914
| -14% | -$7.7M |
|
180
Littelfuse
LFUS
$11.2B
| $47.9M | 0.04% |
193,757
-70,645
| -27% | -$19.1M |
|
|
EXAS
181
DELISTED
Exact Sciences
EXAS
| $47.9M | 0.04% |
701,682
+250,501
| +56% | +$21.3M |
|
182
CoStar Group
CSGP
$11.7B
| $47.3M | 0.04% |
615,525
+122,060
| +25% | +$10.1M |
|
183
Regal Rexnord
RRX
$13.7B
| $46.7M | 0.04% |
326,675
+122,977
| +60% | +$18.9M |
|
184
HEICO Corp
HEI
$49.8B
| $46.1M | 0.04% |
284,989
-20,567
| -7% | -$3.49M |
|
185
Neurocrine Biosciences
NBIX
$16.8B
| $46.1M | 0.04% |
409,475
+189,345
| +86% | +$19.9M |
|
186
Qiagen
QGEN
$8.54B
| $45.8M | 0.04% |
1,067,358
+309,597
| +41% | +$14.4M |
|
187
Independence Realty Trust
IRT
$3.92B
| $44.9M | 0.04% |
3,187,637
+75,700
| +2% | +$1.25M |
|
188
Pinterest
PINS
$13.4B
| $44.7M | 0.04% |
1,655,031
+16,351
| +1% | +$446K |
|
189
Clear Secure
YOU
$5.57B
| $44.3M | 0.04% |
2,325,208
+14,835
| +0.6% | +$329K |
|
190
East-West Bancorp
EWBC
$17.9B
| $44.2M | 0.04% |
837,984
+37,735
| +5% | +$2.12M |
|
191
Freshpet
FRPT
$2.93B
| $44.2M | 0.04% |
670,424
+88,307
| +15% | +$6.33M |
|
192
Enpro
NPO
$6.63B
| $44.2M | 0.04% |
364,334
+103,550
| +40% | +$13.6M |
|
193
Toll Brothers
TOL
$13.6B
| $43.7M | 0.04% |
591,346
-200,185
| -25% | -$15.8M |
|
194
Diamondback Energy
FANG
$57.1B
| $43.7M | 0.04% |
282,032
-18,469
| -6% | -$2.73M |
|
|
AMK
195
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $43.1M | 0.04% |
1,719,808
+191,481
| +13% | +$5.45M |
|
196
Crinetics Pharmaceuticals
CRNX
$8.84B
| $42.6M | 0.04% |
1,433,691
+972,194
| +211% | +$20M |
|
197
Thermo Fisher Scientific
TMO
$213B
| $42M | 0.04% |
82,921
-33,393
| -29% | -$17.8M |
|
198
Phreesia
PHR
$663M
| $41.8M | 0.04% |
2,237,958
-333,884
| -13% | -$8.98M |
|
|
NSA
199
DELISTED
National Storage Affiliates Trust
NSA
| $41.7M | 0.04% |
1,312,414
-41,770
| -3% | -$1.41M |
|
200
Fortive
FTV
$17.9B
| $41.2M | 0.04% |
737,532
-46,211
| -6% | -$2.66M |
|
Similar funds
Jennison Associates's Q3 2023 Portfolio in Review
As of Q3 2023, Jennison Associates held 616 positions worth $118B, down 3.4% from $122B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Jennison Associates's Q3 2023 filing shows 52 new, 258 increased, 247 reduced and 55 closed positions. Its largest new stake was Arm: 6,352,109 shares worth $340M. The largest sale was Apple, an estimated $2B.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2023 buy was Arm: 6,352,109 shares worth $340M.
- Jennison Associates added most to Amazon in Q3 2023, an estimated $1.63B increase.
- Jennison Associates's biggest Q3 2023 reduction was Apple, cutting an estimated $2B.
- Jennison Associates fully exited Roblox in Q3 2023, selling an estimated $175M.
- Jennison Associates's ten largest holdings make up 43% of its $118B portfolio in Q3 2023.
- Jennison Associates opened 52 new positions and closed 55 in Q3 2023.
- Jennison Associates's portfolio value fell 3.4% quarter-over-quarter to $118B.
Based on Jennison Associates's 13F filing for Q3 2023, filed 31 Oct 2023.