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 |
Eli Lilly
LLY
|
+$737M |
| 2 |
American Tower
AMT
|
+$687M |
| 3 |
NVO
Novo Nordisk
NVO
|
+$554M |
| 4 |
Abbott
ABT
|
+$553M |
| 5 |
SLB Ltd
SLB
|
+$449M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$1.06B |
| 2 |
Netflix
NFLX
|
+$816M |
| 3 |
Match Group
MTCH
|
+$678M |
| 4 |
NVIDIA
NVDA
|
+$611M |
| 5 |
Intuitive Surgical
ISRG
|
+$530M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.17% |
| 2 | Consumer Discretionary | 21.87% |
| 3 | Healthcare | 15.92% |
| 4 | Financials | 9.87% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.97T
| $6.7B | 6.69% |
49,008,318
+182,048
| +0.4% | +$27.6M |
|
2
Tesla
TSLA
$1.18T
| $6.63B | 6.62% |
29,537,760
-1,000,557
| -3% | -$273M |
|
3
Microsoft
MSFT
$2.9T
| $5.96B | 5.94% |
23,188,553
+96,222
| +0.4% | +$26.1M |
|
4
Amazon
AMZN
$2.44T
| $5.11B | 5.1% |
48,142,889
-3,507,871
| -7% | -$439M |
|
|
5
Eli Lilly
LLY
$1.08T
| $3.36B | 3.35% |
10,358,066
+2,456,760
| +31% | +$737M |
|
6
Alphabet (Google) Class A
GOOGL
$4.12T
| $3.19B | 3.19% |
29,303,800
-3,693,520
| -11% | -$435M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.11T
| $2.77B | 2.76% |
25,324,180
-1,350,120
| -5% | -$160M |
|
|
8
NVIDIA
NVDA
$4.6T
| $2.62B | 2.62% |
172,972,120
-32,348,810
| -16% | -$611M |
|
9
Visa
V
$677B
| $2.6B | 2.59% |
13,192,941
+555,107
| +4% | +$115M |
|
10
Mastercard
MA
$498B
| $2.45B | 2.44% |
7,752,362
+1,193,676
| +18% | +$411M |
|
11
Salesforce
CRM
$154B
| $2.22B | 2.22% |
13,478,130
-36,538
| -0.3% | -$6.46M |
|
12
UnitedHealth
UNH
$382B
| $1.9B | 1.9% |
3,704,706
+255,400
| +7% | +$128M |
|
13
Danaher
DHR
$138B
| $1.77B | 1.77% |
7,871,150
+1,504,363
| +24% | +$346M |
|
14
Estee Lauder
EL
$30.4B
| $1.68B | 1.67% |
6,583,205
+212,961
| +3% | +$54M |
|
15
Adobe
ADBE
$105B
| $1.65B | 1.65% |
4,521,082
-1,245,817
| -22% | -$507M |
|
16
Costco
COST
$432B
| $1.57B | 1.57% |
3,275,758
+4,245
| +0.1% | +$2.15M |
|
17
CrowdStrike
CRWD
$183B
| $1.37B | 1.36% |
32,393,540
-3,771,552
| -10% | -$171M |
|
18
Nike
NKE
$64.1B
| $1.34B | 1.34% |
13,114,349
-1,212,329
| -8% | -$143M |
|
19
Mercado Libre
MELI
$94.5B
| $1.28B | 1.27% |
2,003,106
-456,289
| -19% | -$398M |
|
20
Airbnb
ABNB
$90.8B
| $1.27B | 1.27% |
14,280,645
-1,064,772
| -7% | -$139M |
|
21
lululemon athletica
LULU
$13.5B
| $1.23B | 1.23% |
4,507,815
+648,749
| +17% | +$208M |
|
|
22
Abbott
ABT
$187B
| $1.19B | 1.18% |
10,925,104
+4,872,961
| +81% | +$553M |
|
|
NVO
23
Novo Nordisk
NVO
$228B
| $1.17B | 1.17% |
21,034,442
+9,979,488
| +90% | +$554M |
|
24
Home Depot
HD
$337B
| $1.11B | 1.11% |
4,037,604
-181,593
| -4% | -$53.6M |
|
25
Broadcom
AVGO
$1.76T
| $1.09B | 1.09% |
22,418,480
+3,812,750
| +20% | +$214M |
|
Similar funds
Jennison Associates's Q2 2022 Portfolio in Review
As of Q2 2022, Jennison Associates held 720 positions worth $100B, down 26% from $136B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Jennison Associates withdrew a net $3.7B in Q2 2022, closing 106 positions and reducing 265 holdings. Its most notable exit was Okta, an estimated $272M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 31% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jennison Associates opened a new position in KBR worth $40.4M.
- Jennison Associates's largest Q2 2022 buy was KBR: 834,334 shares worth $40.4M.
- Jennison Associates added most to Eli Lilly in Q2 2022, an estimated $737M increase.
- Jennison Associates's biggest Q2 2022 reduction was Shopify, cutting an estimated $1.06B.
- Jennison Associates fully exited Okta in Q2 2022, selling an estimated $272M.
- Jennison Associates's ten largest holdings make up 41% of its $100B portfolio in Q2 2022.
- Jennison Associates opened 95 new positions and closed 106 in Q2 2022.
- Jennison Associates's portfolio value fell 26% quarter-over-quarter to $100B.
Based on Jennison Associates's 13F filing for Q2 2022, filed 2 Aug 2022.