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 | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$4.6T
| $8.93B | 7.33% |
211,192,790
-15,167,120
| -7% | -$504M |
|
2
Microsoft
MSFT
$2.9T
| $8.71B | 7.14% |
25,568,522
-169,692
| -0.7% | -$53.2M |
|
3
Apple
AAPL
$4.97T
| $7.88B | 6.46% |
40,623,122
-1,087,975
| -3% | -$190M |
|
4
Amazon
AMZN
$2.44T
| $5.58B | 4.58% |
42,805,434
-612,840
| -1% | -$70M |
|
5
Tesla
TSLA
$1.18T
| $5B | 4.1% |
19,101,535
-1,143,587
| -6% | -$229M |
|
6
Eli Lilly
LLY
$1.08T
| $4.02B | 3.3% |
8,581,438
+7,274
| +0.1% | +$3.05M |
|
7
Mastercard
MA
$498B
| $2.93B | 2.4% |
7,450,867
-339,118
| -4% | -$127M |
|
|
8
Advanced Micro Devices
AMD
$700B
| $2.92B | 2.39% |
25,591,636
+9,318,871
| +57% | +$969M |
|
9
Visa
V
$677B
| $2.86B | 2.35% |
12,061,653
-526,266
| -4% | -$120M |
|
10
Alphabet (Google) Class A
GOOGL
$4.12T
| $2.64B | 2.17% |
22,087,196
+647,462
| +3% | +$74.5M |
|
11
Mercado Libre
MELI
$94.5B
| $2.61B | 2.14% |
2,205,335
+21,392
| +1% | +$26.9M |
|
|
12
Meta Platforms (Facebook)
META
$1.49T
| $2.56B | 2.1% |
8,916,444
+3,892,446
| +77% | +$960M |
|
13
Broadcom
AVGO
$1.76T
| $2.45B | 2.01% |
28,285,660
+1,838,100
| +7% | +$131M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.11T
| $2.35B | 1.93% |
19,432,085
-831,799
| -4% | -$96.3M |
|
15
Costco
COST
$432B
| $1.99B | 1.63% |
3,696,631
-598,832
| -14% | -$303M |
|
16
Adobe
ADBE
$105B
| $1.99B | 1.63% |
4,062,902
-85,804
| -2% | -$34.6M |
|
17
Uber
UBER
$145B
| $1.95B | 1.6% |
45,132,152
-950,301
| -2% | -$35.3M |
|
18
Salesforce
CRM
$154B
| $1.92B | 1.57% |
9,066,821
+1,876,537
| +26% | +$383M |
|
|
NVO
19
Novo Nordisk
NVO
$228B
| $1.89B | 1.55% |
23,383,796
-1,299,126
| -5% | -$106M |
|
20
lululemon athletica
LULU
$13.5B
| $1.81B | 1.48% |
4,781,168
+353,349
| +8% | +$130M |
|
21
UnitedHealth
UNH
$382B
| $1.74B | 1.42% |
3,610,651
-112,844
| -3% | -$55.2M |
|
22
AstraZeneca
AZN
$269B
| $1.56B | 1.28% |
10,903,605
+2,808,527
| +35% | +$413M |
|
23
Cadence Design Systems
CDNS
$91.6B
| $1.52B | 1.25% |
6,483,146
+1,637,860
| +34% | +$356M |
|
24
Intuitive Surgical
ISRG
$127B
| $1.47B | 1.21% |
4,310,498
-145,727
| -3% | -$44.1M |
|
25
Netflix
NFLX
$307B
| $1.37B | 1.13% |
31,189,150
-8,065,700
| -21% | -$297M |
|
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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.