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 | |
|---|---|---|---|---|---|---|
201
MakeMyTrip
MMYT
$5.36B
| $41M | 0.03% |
1,011,607
-112,031
| -10% | -$3.88M |
|
202
Darling Ingredients
DAR
$9.64B
| $40.8M | 0.03% |
782,093
+12,800
| +2% | +$800K |
|
|
SUM
203
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $40.7M | 0.03% |
1,308,483
-869,751
| -40% | -$31M |
|
204
Eastern Bankshares
EBC
$5.26B
| $40.5M | 0.03% |
3,226,091
-13,975
| -0.4% | -$188K |
|
205
Hilton Worldwide
HLT
$72.1B
| $40.2M | 0.03% |
267,348
+4,645
| +2% | +$702K |
|
206
Deere & Co
DE
$160B
| $39.8M | 0.03% |
105,335
-110,986
| -51% | -$45.8M |
|
207
Q2 Holdings
QTWO
$3.8B
| $39.5M | 0.03% |
1,225,286
+729,959
| +147% | +$24.2M |
|
208
Krystal Biotech
KRYS
$10.1B
| $39.5M | 0.03% |
340,849
+282,583
| +485% | +$34.5M |
|
209
Delta Air Lines
DAL
$57.5B
| $39.5M | 0.03% |
1,067,857
+359,730
| +51% | +$15.6M |
|
210
Marvell Technology
MRVL
$168B
| $39.2M | 0.03% |
724,514
+10,437
| +1% | +$616K |
|
211
PTC
PTC
$15.8B
| $39.1M | 0.03% |
+275,646
| New | +$39.4M |
|
|
XIFR
212
XPLR Infrastructure LP
XIFR
$1.12B
| $38.7M | 0.03% |
1,301,861
-1,349,128
| -51% | -$68.3M |
|
213
Intapp
INTA
$2.52B
| $38.6M | 0.03% |
1,152,317
+517,899
| +82% | +$18.9M |
|
214
Abbott
ABT
$183B
| $38.3M | 0.03% |
395,798
-699
| -0.2% | -$73.4K |
|
215
Boot Barn
BOOT
$4.51B
| $38.3M | 0.03% |
471,873
+161,585
| +52% | +$14.5M |
|
216
Prologis
PLD
$135B
| $37.7M | 0.03% |
335,700
+113,916
| +51% | +$13.9M |
|
217
GFL Environmental
GFL
$14.9B
| $37.6M | 0.03% |
1,185,007
-751,970
| -39% | -$25.8M |
|
218
XP
XP
$8.81B
| $37.5M | 0.03% |
1,628,489
-180,286
| -10% | -$4.52M |
|
219
Cognex
CGNX
$10.9B
| $37.4M | 0.03% |
880,926
-113,784
| -11% | -$5.6M |
|
220
Datadog
DDOG
$95.4B
| $37.3M | 0.03% |
409,265
-30,057
| -7% | -$2.97M |
|
221
Wingstop
WING
$3.53B
| $37.3M | 0.03% |
207,161
+16,178
| +8% | +$2.8M |
|
222
Brunswick
BC
$5.13B
| $37.3M | 0.03% |
471,545
-402,595
| -46% | -$33.2M |
|
223
Skyward Specialty Insurance
SKWD
$2.43B
| $37.1M | 0.03% |
1,356,301
+352,971
| +35% | +$8.79M |
|
224
CONMED
CNMD
$1.39B
| $36.8M | 0.03% |
364,694
-122,910
| -25% | -$14.1M |
|
225
Steris
STE
$22.3B
| $36.7M | 0.03% |
167,295
+15,204
| +10% | +$3.44M |
|
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.