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 | 7.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Tesla
TSLA
$1.38T
| $11B | 8.08% |
30,538,317
-1,342,833
| -4% | -$418M |
|
2
Apple
AAPL
$4.67T
| $8.53B | 6.28% |
48,826,270
+424,839
| +0.9% | +$71.4M |
|
3
Amazon
AMZN
$2.87T
| $8.42B | 6.2% |
51,650,760
+746,660
| +1% | +$115M |
|
|
4
Microsoft
MSFT
$3.81T
| $7.12B | 5.24% |
23,092,331
+2,696,424
| +13% | +$811M |
|
|
5
NVIDIA
NVDA
$5.25T
| $5.6B | 4.12% |
205,320,930
-70,376,260
| -26% | -$1.77B |
|
6
Alphabet (Google) Class A
GOOGL
$4.24T
| $4.59B | 3.38% |
32,997,320
-444,800
| -1% | -$60.4M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.19T
| $3.73B | 2.74% |
26,674,300
-1,012,500
| -4% | -$138M |
|
8
Mercado Libre
MELI
$99.7B
| $2.93B | 2.15% |
2,459,395
+421,186
| +21% | +$458M |
|
9
Salesforce
CRM
$211B
| $2.87B | 2.11% |
13,514,668
-294,249
| -2% | -$63.3M |
|
10
Visa
V
$712B
| $2.8B | 2.06% |
12,637,834
+2,664,511
| +27% | +$576M |
|
11
Airbnb
ABNB
$112B
| $2.64B | 1.94% |
15,345,417
+996,378
| +7% | +$159M |
|
12
Adobe
ADBE
$116B
| $2.63B | 1.93% |
5,766,899
-357,195
| -6% | -$172M |
|
13
Mastercard
MA
$521B
| $2.34B | 1.73% |
6,558,686
+1,168,991
| +22% | +$420M |
|
14
Eli Lilly
LLY
$1.05T
| $2.26B | 1.67% |
7,901,306
-1,254,308
| -14% | -$323M |
|
15
CrowdStrike
CRWD
$224B
| $2.05B | 1.51% |
36,165,092
+1,583,180
| +5% | +$73.8M |
|
|
16
Shopify
SHOP
$197B
| $1.94B | 1.43% |
28,729,360
-18,240,290
| -39% | -$1.5B |
|
17
Nike
NKE
$58.7B
| $1.93B | 1.42% |
14,326,678
-980,536
| -6% | -$138M |
|
18
Netflix
NFLX
$340B
| $1.93B | 1.42% |
51,422,710
-15,010,130
| -23% | -$625M |
|
19
Costco
COST
$419B
| $1.88B | 1.39% |
3,271,513
+151,287
| +5% | +$79.4M |
|
20
Atlassian
TEAM
$48.2B
| $1.77B | 1.31% |
6,036,151
-2,617,202
| -30% | -$782M |
|
|
21
UnitedHealth
UNH
$353B
| $1.76B | 1.3% |
3,449,306
+1,262,307
| +58% | +$609M |
|
22
Estee Lauder
EL
$37.4B
| $1.73B | 1.28% |
6,370,244
-434,396
| -6% | -$131M |
|
23
Danaher
DHR
$152B
| $1.66B | 1.22% |
6,366,787
+803,330
| +14% | +$201M |
|
|
24
Intuitive Surgical
ISRG
$132B
| $1.65B | 1.22% |
5,473,854
+3,038,455
| +125% | +$888M |
|
25
Uber
UBER
$161B
| $1.58B | 1.16% |
44,225,693
-5,312,551
| -11% | -$191M |
|
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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.