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 | |
|---|---|---|---|---|---|---|
|
AMK
201
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $45.3M | 0.04% |
1,528,327
+573,517
| +60% | +$16.8M |
|
202
Celldex Therapeutics
CLDX
$3.02B
| $45.1M | 0.04% |
1,329,095
-252,995
| -16% | -$8.53M |
|
203
Pinterest
PINS
$13.7B
| $44.8M | 0.04% |
1,638,680
+335,269
| +26% | +$8.36M |
|
204
Fortive
FTV
$17.7B
| $44.2M | 0.04% |
783,743
-7,392
| -0.9% | -$373K |
|
205
CoStar Group
CSGP
$12B
| $43.9M | 0.04% |
493,465
-92,951
| -16% | -$7.18M |
|
206
Shell
SHEL
$250B
| $43.6M | 0.04% |
721,499
+138,689
| +24% | +$8.32M |
|
207
Abbott
ABT
$183B
| $43.2M | 0.04% |
396,497
-3,137,997
| -89% | -$334M |
|
208
Datadog
DDOG
$95.6B
| $43.2M | 0.04% |
439,322
-29,778
| -6% | -$2.49M |
|
|
CDMO
209
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $43.2M | 0.04% |
3,091,844
+149,268
| +5% | +$2.54M |
|
210
Marvell Technology
MRVL
$165B
| $42.7M | 0.04% |
714,077
-73,332
| -9% | -$3.56M |
|
|
SNCY
211
DELISTED
Sun Country Airlines
SNCY
| $42.6M | 0.03% |
1,894,717
+94,773
| +5% | +$1.81M |
|
212
XP
XP
$8.89B
| $42.4M | 0.03% |
+1,808,775
| New | +$30.7M |
|
|
EXAS
213
DELISTED
Exact Sciences
EXAS
| $42.4M | 0.03% |
451,181
+12,247
| +3% | +$955K |
|
214
Energy Recovery
ERII
$435M
| $42.3M | 0.03% |
1,513,383
+172,914
| +13% | +$4.31M |
|
215
East-West Bancorp
EWBC
$17.9B
| $42.2M | 0.03% |
800,249
+76,595
| +11% | +$3.89M |
|
216
Arcutis Biotherapeutics
ARQT
$3.5B
| $40.9M | 0.03% |
4,293,966
+2,079,476
| +94% | +$23.1M |
|
|
ROIC
217
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $40.7M | 0.03% |
3,009,006
-94,709
| -3% | -$1.23M |
|
218
Hilltop Holdings
HTH
$2.26B
| $40.6M | 0.03% |
1,291,890
+157,704
| +14% | +$4.83M |
|
219
Apollo Global Management
APO
$69.3B
| $39.8M | 0.03% |
518,031
-94,243
| -15% | -$6.3M |
|
220
Eastern Bankshares
EBC
$5.29B
| $39.8M | 0.03% |
3,240,066
+393,261
| +14% | +$4.66M |
|
221
Diamondback Energy
FANG
$56.2B
| $39.5M | 0.03% |
300,501
+924
| +0.3% | +$124K |
|
|
RCM
222
DELISTED
R1 RCM Inc. Common Stock
RCM
| $39.3M | 0.03% |
2,127,373
+165,433
| +8% | +$2.69M |
|
223
TotalEnergies
TTE
$193B
| $39.1M | 0.03% |
678,723
+976
| +0.1% | +$59.1K |
|
224
Pacira BioSciences
PCRX
$1.06B
| $38.7M | 0.03% |
965,430
+139,593
| +17% | +$5.77M |
|
225
CBRE Group
CBRE
$43.8B
| $38.5M | 0.03% |
477,390
-146,425
| -23% | -$11M |
|
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.