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 |
Vertex Pharmaceuticals
VRTX
|
+$858M |
| 2 |
Costco
COST
|
+$557M |
| 3 |
UnitedHealth
UNH
|
+$551M |
| 4 |
Atlassian
TEAM
|
+$489M |
| 5 |
Northrop Grumman
NOC
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nike
NKE
|
+$579M |
| 2 |
TSMC
TSM
|
+$433M |
| 3 |
Airbnb
ABNB
|
+$426M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$341M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$231M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.22% |
| 2 | Consumer Discretionary | 23.3% |
| 3 | Healthcare | 16.47% |
| 4 | Financials | 9.42% |
| 5 | Communication Services | 7.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Tesla
TSLA
$1.2T
| $7.84B | 7.8% |
29,557,607
+19,847
| +0.1% | +$5.54M |
|
2
Apple
AAPL
$5.02T
| $6.64B | 6.61% |
48,069,405
-938,913
| -2% | -$147M |
|
3
Microsoft
MSFT
$2.94T
| $5.37B | 5.34% |
23,053,827
-134,726
| -0.6% | -$35.6M |
|
4
Amazon
AMZN
$2.48T
| $5.33B | 5.3% |
47,160,581
-982,308
| -2% | -$124M |
|
5
Eli Lilly
LLY
$1.09T
| $3.25B | 3.24% |
10,064,742
-293,324
| -3% | -$92.9M |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.12T
| $2.51B | 2.5% |
26,231,920
-3,071,880
| -10% | -$341M |
|
|
7
UnitedHealth
UNH
$385B
| $2.4B | 2.39% |
4,752,598
+1,047,892
| +28% | +$551M |
|
8
Visa
V
$709B
| $2.36B | 2.34% |
13,270,127
+77,186
| +0.6% | +$15.7M |
|
9
Mastercard
MA
$502B
| $2.24B | 2.23% |
7,874,093
+121,731
| +2% | +$40.4M |
|
|
10
Alphabet (Google) Class C
GOOG
$4.11T
| $2.24B | 2.22% |
23,253,198
-2,070,982
| -8% | -$231M |
|
11
NVIDIA
NVDA
$4.66T
| $2.1B | 2.09% |
172,856,440
-115,680
| -0.1% | -$1.83M |
|
|
12
Costco
COST
$432B
| $2.05B | 2.04% |
4,345,886
+1,070,128
| +33% | +$557M |
|
13
Salesforce
CRM
$154B
| $1.97B | 1.96% |
13,688,506
+210,376
| +2% | +$35.7M |
|
14
Mercado Libre
MELI
$94.5B
| $1.82B | 1.81% |
2,195,714
+192,608
| +10% | +$166M |
|
15
Danaher
DHR
$139B
| $1.78B | 1.77% |
7,775,104
-96,046
| -1% | -$23.5M |
|
16
CrowdStrike
CRWD
$184B
| $1.6B | 1.59% |
38,782,004
+6,388,464
| +20% | +$292M |
|
|
17
Atlassian
TEAM
$26.6B
| $1.5B | 1.49% |
7,134,346
+2,095,358
| +42% | +$489M |
|
|
18
Vertex Pharmaceuticals
VRTX
$124B
| $1.38B | 1.37% |
4,755,821
+2,983,253
| +168% | +$858M |
|
19
lululemon athletica
LULU
$13.5B
| $1.37B | 1.36% |
4,887,522
+379,707
| +8% | +$118M |
|
20
Estee Lauder
EL
$30.8B
| $1.28B | 1.27% |
5,921,043
-662,162
| -10% | -$169M |
|
21
Uber
UBER
$144B
| $1.27B | 1.26% |
47,898,025
+3,677,799
| +8% | +$102M |
|
22
Adobe
ADBE
$104B
| $1.16B | 1.16% |
4,227,703
-293,379
| -6% | -$111M |
|
23
Home Depot
HD
$341B
| $1.11B | 1.11% |
4,031,764
-5,840
| -0.1% | -$1.72M |
|
|
24
Airbnb
ABNB
$91.2B
| $1.1B | 1.09% |
10,438,175
-3,842,470
| -27% | -$426M |
|
|
NVO
25
Novo Nordisk
NVO
$227B
| $1.09B | 1.08% |
21,861,012
+826,570
| +4% | +$44.3M |
|
Similar funds
Jennison Associates's Q3 2022 Portfolio in Review
As of Q3 2022, Jennison Associates held 689 positions worth $101B, up 0.37% from $100B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q3 2022 filing shows 75 new, 294 increased, 218 reduced and 90 closed positions. Its largest new stake was T-Mobile US: 1,657,443 shares worth $222M. The largest sale was Nike, an estimated $579M.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q3 2022 buy was T-Mobile US: 1,657,443 shares worth $222M.
- Jennison Associates added most to Vertex Pharmaceuticals in Q3 2022, an estimated $858M increase.
- Jennison Associates's biggest Q3 2022 reduction was Nike, cutting an estimated $579M.
- Jennison Associates fully exited Snap in Q3 2022, selling an estimated $197M.
- Jennison Associates's ten largest holdings make up 40% of its $101B portfolio in Q3 2022.
- Jennison Associates opened 75 new positions and closed 90 in Q3 2022.
- Jennison Associates's portfolio value rose 0.37% quarter-over-quarter to $101B.
Based on Jennison Associates's 13F filing for Q3 2022, filed 1 Nov 2022.