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 | |
|---|---|---|---|---|---|---|
|
KNBE
201
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
| $44.5M | 0.05% |
1,794,807
-1,041,727
| -37% | -$25.4M |
|
202
Gartner
IT
$10.1B
| $44.2M | 0.04% |
131,587
-24,709
| -16% | -$7.97M |
|
203
Teledyne Technologies
TDY
$30.4B
| $44.1M | 0.04% |
110,228
-1,279
| -1% | -$498K |
|
204
Ero Copper
ERO
$2.81B
| $44M | 0.04% |
3,198,537
+809,184
| +34% | +$10M |
|
|
LADR
205
Ladder Capital
LADR
$1.21B
| $43.3M | 0.04% |
4,309,127
+922,618
| +27% | +$9.56M |
|
206
Wabtec
WAB
$49.1B
| $43.2M | 0.04% |
433,051
-17,884
| -4% | -$1.71M |
|
207
Plains GP Holdings
PAGP
$5.21B
| $43.2M | 0.04% |
3,474,054
| – | – |
|
208
Adecoagro
AGRO
$1.44B
| $42.9M | 0.04% |
5,173,713
+403,991
| +8% | +$3.31M |
|
209
Inspire Medical Systems
INSP
$1.45B
| $42.5M | 0.04% |
168,739
-4,007
| -2% | -$854K |
|
210
Cousins Properties
CUZ
$5.19B
| $42.3M | 0.04% |
1,672,254
+13,793
| +0.8% | +$337K |
|
211
Hilton Worldwide
HLT
$72.1B
| $42M | 0.04% |
332,463
+24,213
| +8% | +$3.19M |
|
212
Phreesia
PHR
$663M
| $41.9M | 0.04% |
1,295,830
+184,888
| +17% | +$5.02M |
|
213
Apollo Global Management
APO
$72.4B
| $41.8M | 0.04% |
655,545
-156,871
| -19% | -$9.32M |
|
214
Full Truck Alliance
YMM
$9.85B
| $41.7M | 0.04% |
5,209,098
+925,348
| +22% | +$6.35M |
|
|
PLYM
215
DELISTED
Plymouth Industrial REIT
PLYM
| $41.7M | 0.04% |
2,172,614
+794,251
| +58% | +$15M |
|
|
SGEN
216
DELISTED
Seagen Inc. Common Stock
SGEN
| $40.9M | 0.04% |
318,510
-5,720
| -2% | -$738K |
|
217
Toll Brothers
TOL
$13.6B
| $40.5M | 0.04% |
811,144
+71,461
| +10% | +$3.29M |
|
|
CDMO
218
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $40.3M | 0.04% |
2,929,164
+52,495
| +2% | +$804K |
|
219
Qiagen
QGEN
$8.54B
| $40M | 0.04% |
756,974
+233,653
| +45% | +$11.5M |
|
220
Freshpet
FRPT
$2.93B
| $39.5M | 0.04% |
748,211
-2,044
| -0.3% | -$122K |
|
221
CBRE Group
CBRE
$42.5B
| $38.9M | 0.04% |
505,729
-4,719
| -0.9% | -$349K |
|
222
OGE Energy
OGE
$9.78B
| $38.9M | 0.04% |
982,521
| – | – |
|
223
Amphenol
APH
$198B
| $38.8M | 0.04% |
1,019,826
+238,258
| +30% | +$9.02M |
|
224
Kanzhun
BZ
$7.27B
| $38.7M | 0.04% |
1,898,622
+382,700
| +25% | +$6.28M |
|
225
Howard Hughes
HHH
$3.81B
| $38.1M | 0.04% |
522,864
+218,539
| +72% | +$13.9M |
|
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.