Clients
Jennison Associates serves 6,083 clients, 4,802 of them other individuals. The average client has about $35 million with the firm, and high-net-worth clients hold 1% of its $214.8 billion in assets.
- Investment companies53 clients52%
- Pooled investment vehicles51 clients20%
- Pension and profit-sharing plans95 clients17%
- State or municipal government entities29 clients5%
- Sovereign wealth funds and foreign official institutions9 clients3%
- OtherIndividuals, High-net-worth individuals, Charitable organizations, Insurance companies, Corporations and other businesses, Other4%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 4,802 | $1,287,782,030 | 0.6% | $268K |
| High-net-worth individuals | 554 | $1,341,785,000 | 0.6% | $2.42M |
| Banking or thrift institutions | 5 | $0 | 0.0% | $0 |
| Investment companies | 53 | $110,821,091,698 | 51.6% | $2.09B |
| Pooled investment vehicles | 51 | $42,554,987,337 | 19.8% | $834.4M |
| Pension and profit-sharing plans | 95 | $35,964,116,418 | 16.7% | $378.6M |
| Charitable organizations | 151 | $3,010,861,644 | 1.4% | $19.9M |
| State or municipal government entities | 29 | $10,717,209,352 | 5.0% | $369.6M |
| Other investment advisers | 83 | $0 | 0.0% | $0 |
| Insurance companies | 8 | $2,297,000,175 | 1.1% | $287.1M |
| Sovereign wealth funds and foreign official institutions | 9 | $6,180,301,433 | 2.9% | $686.7M |
| Corporations and other businesses | 241 | $635,816,212 | 0.3% | $2.64M |
| Other | 2 | $28,217,854 | 0.0% | $14.1M |
| Total | 6,083 | $214,839,169,153 | 100% | $35.3M |
- Clients
- 4,802
- Regulatory AUM
- $1,287,782,030
- Share
- 0.6%
- Avg. per client
- $268K
- Clients
- 554
- Regulatory AUM
- $1,341,785,000
- Share
- 0.6%
- Avg. per client
- $2.42M
- Clients
- 5
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 53
- Regulatory AUM
- $110,821,091,698
- Share
- 51.6%
- Avg. per client
- $2.09B
- Clients
- 51
- Regulatory AUM
- $42,554,987,337
- Share
- 19.8%
- Avg. per client
- $834.4M
- Clients
- 95
- Regulatory AUM
- $35,964,116,418
- Share
- 16.7%
- Avg. per client
- $378.6M
- Clients
- 151
- Regulatory AUM
- $3,010,861,644
- Share
- 1.4%
- Avg. per client
- $19.9M
- Clients
- 29
- Regulatory AUM
- $10,717,209,352
- Share
- 5.0%
- Avg. per client
- $369.6M
- Clients
- 83
- Regulatory AUM
- $0
- Share
- 0.0%
- Avg. per client
- $0
- Clients
- 8
- Regulatory AUM
- $2,297,000,175
- Share
- 1.1%
- Avg. per client
- $287.1M
- Clients
- 9
- Regulatory AUM
- $6,180,301,433
- Share
- 2.9%
- Avg. per client
- $686.7M
- Clients
- 241
- Regulatory AUM
- $635,816,212
- Share
- 0.3%
- Avg. per client
- $2.64M
- Clients
- 2
- Regulatory AUM
- $28,217,854
- Share
- 0.0%
- Avg. per client
- $14.1M
Total
- Clients
- 6,083
- Regulatory AUM
- $214,839,169,153
- Share
- 100%
- Avg. per client
- $35.3M
What it does
Jennison Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets and performance-based fees.
Jennison Associates advises 12 private funds.
100.0% of assets ($214.84B across 6,083 accounts) are managed with discretion. $3.28B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 34 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 101%. The values below are shown as filed.
- Exchange-traded equity securities
- 53%
- Non-exchange-traded equity securities
- 1%
- U.S. government/agency bonds
- 17%
- Investment grade corporate bonds
- 26%
- Securities issued by pooled investment vehicles (other than registered investment companies)
- 1%
- Cash and cash equivalents
- 1%
- Other (Assets Included in "other" Consist of Convertible Bonds, Commercial Mortgage-Backed Securities, Non-Agency Collateralized Mortgage Obligation, Asset Backed Securities Or Receivables and Payables)
- 2%
Custodians
Jennison Associates’ client accounts are held mainly at The Bank of New York Mellon, with 8% of managed assets, and Northern Trust, with 7%. Jennison Associates has custody of $392.3M for 2 clients.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $17.48B8%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $12.86B6%
- Northern TrustNorthern Trust Company · Chicago, IL · $15.14B7%
- All other custodians$169.36B79%
Ownership and leadership
Pgim, Inc. owns 75% or more of Jennison Associates, and Kenneth Moore is its CEO.
- Owns 75% or more of Jennison Associates LLC
Pgim, Inc.
Control person · since June 2000
- Owns 75% or more of Pgim, Inc.
Pgim Holding Company LLC
Control person · since June 2000
- Owns 75% or more of Pgim Holding Company LLC
Prudential Financial, Inc.
Control person · since December 2001
Leadership
- Kenneth MooreChairman, Executive Vice President, Chief Executive Officer, Head of Jennison & Director
- Janice VrdoljakManaging Director, Treasurer & Chief Financial Officer
- Heather KadenManaging Director & Chief Compliance Officer
- Blair BoyerManaging Director, Co-Head of Growth Equity & Director
- Mirry HwangManaging Director, Secretary & Chief Legal Officer
- Jurgen MuhlhauserDirector
Staff
- 360 employees
- 66 in advisory functions
- 47 broker-dealer reps
Reported holdings
Jennison Associates’ reported 13F holdings total $166.72B across 567 positions, and the ten largest make up 44.6% of it.
- $166.72B
- Reported 13F value
- 567
- Positions
- 44.6%
- In the 10 largest
- +14.7%
- Value vs. prior quarter
- Nvidia Corporation7.7%
- Apple Inc.5.7%
- Amazon Com Inc.5.2%
- Broadcom Inc.4.9%
- Alphabet Inc. · Cap Stk CL A4.0%
- Eli Lilly & CO3.9%
- Microsoft Corp.3.7%
- Advanced Micro Devices Inc.3.5%
- Taiwan Semiconductor Manufac · Sponsored ADS3.1%
- Alphabet Inc. · Cap Stk CL C3.0%
Together, the ten largest are 44.6% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $166.72B is not its $214.84B in regulatory assets and does not represent any individual client's portfolio.
Fees
Jennison Associates is paid through a percentage of assets under management and performance-based fees.
Jennison Associates’ fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Jennison Associates has 2 offices, with 3 listed addresses across 2 states.
Massachusetts · 2 listed addresses
- One International Place, Suite 4220, Boston
- One International Place, Suite 4300, Boston
New York · 1 listed address
- 55 E. 52nd Street, New YorkHQ
Other business names
Jennison Associates has reported 1 other business name to the SEC.
- Jennison
Registration details
- Legal name
- Jennison Associates LLC
- Headquarters
- 55 E. 52nd Street, New York, NY 10055
- Phone
- 212-421-1000
- Website
- www.jennison.com
- SEC file
- 801-5608
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Jennison Associates have?
Jennison Associates has 6,083 clients and manages $214.8 billion for them, as of March 2026. They include 4,802 other individuals, 554 high-net-worth individuals and 241 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Jennison Associates offer?
Jennison Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and other activities.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Jennison Associates use?
Jennison Associates’ separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $17,477,512,097, Northern Trust Company (Chicago, IL), with $15,139,646,973 and State Street Bank and Trust Company (Boston, MA), with $12,862,366,152. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Jennison Associates have?
Jennison Associates has 0 investment adviser representatives registered with state securities authorities, out of 360 employees, and 66 perform investment advisory functions. 47 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Jennison Associates invest in?
At the end of its last fiscal year, Jennison Associates’ separately managed accounts held 53% exchange-traded equities, 26% investment grade corporate bonds, 17% U.S. government and agency bonds, 2% assets included in "other" consist of convertible bonds, commercial mortgage-backed securities, non-agency collateralized mortgage obligation, asset backed securities or receivables and payables, 1% non-exchange-traded equities, 1% pooled vehicles (private funds and similar) and 1% cash and equivalents. It advises 12 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Jennison Associates?
Jennison Associates is owned through a chain of holding companies by Prudential Financial, Inc. Its direct owner is Pgim, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Jennison Associates get paid?
Jennison Associates is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file