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 | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$4.76T
| $8.22B | 6.98% |
189,033,910
-22,158,880
| -10% | -$993M |
|
2
Microsoft
MSFT
$3.43T
| $7.97B | 6.76% |
25,227,719
-340,803
| -1% | -$113M |
|
|
3
Amazon
AMZN
$2.91T
| $6.99B | 5.93% |
54,981,548
+12,176,114
| +28% | +$1.63B |
|
|
4
Apple
AAPL
$4.43T
| $5.09B | 4.32% |
29,742,101
-10,881,021
| -27% | -$2B |
|
5
Tesla
TSLA
$1.22T
| $4.67B | 3.96% |
18,646,593
-454,942
| -2% | -$117M |
|
6
Eli Lilly
LLY
$1.02T
| $4.52B | 3.83% |
8,407,613
-173,825
| -2% | -$89.6M |
|
|
7
Meta Platforms (Facebook)
META
$1.39T
| $3.47B | 2.95% |
11,563,595
+2,647,151
| +30% | +$798M |
|
8
Alphabet (Google) Class A
GOOGL
$4.31T
| $3.16B | 2.68% |
24,145,417
+2,058,221
| +9% | +$266M |
|
9
Mastercard
MA
$505B
| $3.15B | 2.68% |
7,966,348
+515,481
| +7% | +$207M |
|
10
Mercado Libre
MELI
$95.1B
| $2.83B | 2.4% |
2,233,430
+28,095
| +1% | +$35.7M |
|
11
Visa
V
$681B
| $2.7B | 2.29% |
11,738,990
-322,663
| -3% | -$77.6M |
|
|
12
Alphabet (Google) Class C
GOOG
$4.31T
| $2.61B | 2.22% |
19,822,203
+390,118
| +2% | +$50.7M |
|
13
Advanced Micro Devices
AMD
$796B
| $2.61B | 2.22% |
25,395,283
-196,353
| -0.8% | -$21.3M |
|
14
Adobe
ADBE
$98.7B
| $2.33B | 1.97% |
4,561,859
+498,957
| +12% | +$262M |
|
|
NVO
15
Novo Nordisk
NVO
$208B
| $2.13B | 1.81% |
23,419,405
+35,609
| +0.2% | +$3.14M |
|
16
Broadcom
AVGO
$1.83T
| $2.08B | 1.76% |
25,011,240
-3,274,420
| -12% | -$284M |
|
17
Costco
COST
$422B
| $2.02B | 1.71% |
3,574,845
-121,786
| -3% | -$67.2M |
|
18
Uber
UBER
$142B
| $1.97B | 1.68% |
42,917,933
-2,214,219
| -5% | -$101M |
|
19
lululemon athletica
LULU
$13.6B
| $1.84B | 1.56% |
4,773,078
-8,090
| -0.2% | -$3.09M |
|
20
Salesforce
CRM
$150B
| $1.79B | 1.52% |
8,839,684
-227,137
| -3% | -$49.1M |
|
21
Cadence Design Systems
CDNS
$93.3B
| $1.65B | 1.4% |
7,047,231
+564,085
| +9% | +$132M |
|
22
AstraZeneca
AZN
$264B
| $1.55B | 1.32% |
11,473,252
+569,647
| +5% | +$77.8M |
|
23
Netflix
NFLX
$298B
| $1.46B | 1.24% |
38,782,930
+7,593,780
| +24% | +$322M |
|
24
ServiceNow
NOW
$115B
| $1.38B | 1.17% |
12,337,355
+2,308,070
| +23% | +$263M |
|
25
Intuitive Surgical
ISRG
$126B
| $1.34B | 1.14% |
4,585,190
+274,692
| +6% | +$85.8M |
|
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.