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 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
Y
201
DELISTED
Alleghany Corp
Y
| $52.5M | 0.04% |
61,945
+8,538
| +16% | +$5.91M |
|
202
MaxLinear
MXL
$6.06B
| $52.3M | 0.04% |
895,714
+139,224
| +18% | +$8.48M |
|
|
SMAR
203
DELISTED
Smartsheet Inc.
SMAR
| $51.7M | 0.04% |
943,051
+125,517
| +15% | +$7.17M |
|
204
Teledyne Technologies
TDY
$30.4B
| $51.7M | 0.04% |
109,291
+7,074
| +7% | +$3.04M |
|
205
Gaming and Leisure Properties
GLPI
$12.7B
| $51.3M | 0.04% |
1,093,271
+24,545
| +2% | +$1.1M |
|
206
Kontoor Brands
KTB
$4.63B
| $50.7M | 0.04% |
1,226,979
+31,330
| +3% | +$1.48M |
|
207
Avantor
AVTR
$9.32B
| $50.7M | 0.04% |
1,498,525
-1,014,443
| -40% | -$36.2M |
|
|
HOLX
208
DELISTED
Hologic
HOLX
| $50.2M | 0.04% |
653,699
-11,997
| -2% | -$863K |
|
|
FOCS
209
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $50.1M | 0.04% |
1,094,561
-177,446
| -14% | -$8.91M |
|
|
AAMI
210
Acadian Asset Management
AAMI
$3.08B
| $49.5M | 0.04% |
2,039,755
+47,575
| +2% | +$1.13M |
|
211
Eversource Energy
ES
$26.9B
| $49M | 0.04% |
556,024
-53,080
| -9% | -$4.54M |
|
212
Century Communities
CCS
$1.91B
| $48.8M | 0.04% |
911,762
+23,598
| +3% | +$1.51M |
|
213
Kanzhun
BZ
$7.27B
| $48.5M | 0.04% |
1,947,065
+1,430,961
| +277% | +$41.7M |
|
214
Eastern Bankshares
EBC
$5.26B
| $48.3M | 0.04% |
2,243,974
+126,900
| +6% | +$2.7M |
|
215
Amphenol
APH
$198B
| $48.1M | 0.04% |
1,277,640
+25,892
| +2% | +$1M |
|
|
RVNC
216
DELISTED
Revance Therapeutics, Inc.
RVNC
| $47.6M | 0.04% |
2,441,286
+237,722
| +11% | +$3.61M |
|
217
JELD-WEN Holding
JELD
$122M
| $47.6M | 0.04% |
2,345,974
+75,766
| +3% | +$1.78M |
|
218
Bankunited
BKU
$3.37B
| $47.4M | 0.03% |
1,077,908
-245,207
| -19% | -$10.6M |
|
219
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $47.2M | 0.03% |
3,131,835
+301,395
| +11% | +$4.72M |
|
|
ACC
220
DELISTED
American Campus Communities, Inc.
ACC
| $47M | 0.03% |
839,271
-465,055
| -36% | -$24.9M |
|
221
AES
AES
$10.5B
| $46.9M | 0.03% |
1,823,777
-1,482,935
| -45% | -$33.5M |
|
222
Darling Ingredients
DAR
$9.64B
| $46.7M | 0.03% |
580,919
-218,172
| -27% | -$15.2M |
|
223
Ametek
AME
$55.4B
| $46.4M | 0.03% |
348,377
-169,455
| -33% | -$22.8M |
|
224
Enterprise Financial Services Corp
EFSC
$2.4B
| $46.2M | 0.03% |
976,284
+153,762
| +19% | +$7.54M |
|
225
Freeport-McMoran
FCX
$90B
| $45.6M | 0.03% |
917,739
-114,878
| -11% | -$5.09M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.