Jennison Associates Llc
SEC-registered
Mutual Fund / Asset Manager · Mega ($100B+)
CRD 107959
· SEC file 801-5608
· New York, NY
· www.facebook.com
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $215B
- Discretionary
- $215B
- Clients
- 6,083
- Avg AUM / client
- $35.3M
- Accounts
- 6,083
- Employees
- 360
AUM over time
$136B
$246B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Asset allocation (SMA assets by investment type)
as of Mar 30, 2026
Exchange-traded equities
$114B
53%
Investment-grade corporate bonds
$55.9B
26%
US government & agency bonds
$36.5B
17%
Other
$4.3B
2%
Non-exchange-traded equities
$2.1B
1%
Pooled investment vehicles
$2.1B
1%
Cash & equivalents
$2.1B
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 4,802 | $1.3B | 0.6% |
| High net worth individuals | 554 | $1.3B | 0.62% |
| Banking or thrift institutions | 5 | $0 | — |
| Investment companies | 53 | $111B | 51.6% |
| Pooled investment vehicles (non-investment companies) | 51 | $42.6B | 19.8% |
| Pension and profit sharing plans | 95 | $36.0B | 16.7% |
| Charitable organizations | 151 | $3.0B | 1.4% |
| State or municipal government entities | 29 | $10.7B | 4.99% |
| Other investment advisers | 83 | $0 | — |
| Insurance companies | 8 | $2.3B | 1.07% |
| Sovereign wealth funds and foreign official institutions | 9 | $6.2B | 2.88% |
| Corporations and other businesses | 241 | $636M | 0.3% |
| Other | 2 | $28.2M | 0.01% |
Private funds (8)
Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $5.7B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Invesco Fixed Income Trust Jennison Intermediate Fund | Other Private Fund | Delaware | $4.4B | 2 |
| Jennison Growth Equity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | Massachusetts | $409M | 6 |
| Jennison Global Opportunity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | Massachusetts | $358M | 11 |
| Jenop Global Healthcare Fund Limited | Hedge Fund | Cayman Islands | $252M | 43 |
| Jennison Global Healthcare Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $216M | 29 |
| Jennison U.S. Small Cap Equity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | Massachusetts | $49.6M | 3 |
| Jennison Christian Sri Small/Mid Cap Core Equity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | Massachusetts | $25.8M | 2 |
| Jennison Small/Mid Cap Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | Massachusetts | $6.8M | 1 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (10)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Hwang, Mirry, Melissa | Managing Director, Secretary & Chief Legal Officer | Nov 2000 (26y) | Less than 5% | |
| Mccarragher, Kathleen, Ann | Managing Director, Head Of Growth Equity & Director | Dec 2007 (19y) | Less than 5% | |
| Moore, Kenneth | Executive Vice President, Treasurer, Chief Operating Officer & Director | Jan 2012 (15y) | Less than 5% | |
| Hunt, David, Alexander | Director | Feb 2012 (15y) | Less than 5% | |
| Hyat, Taimur | Director | Nov 2013 (13y) | Less than 5% | |
| Muhlhauser, Jurgen | Director | Mar 2014 (12y) | Less than 5% | |
| Vrdoljak, Janice | Managing Director & Chief Financial Officer | Jan 2016 (11y) | Less than 5% | |
| Becker, Jeffrey, Todd | Chairman, Director & Chief Executive Officer | Oct 2016 (10y) | Less than 5% | |
| Sinclair, Pamela, Margaret | Director | Oct 2016 (10y) | Less than 5% | |
| Kaden, Heather, Amy | Managing Director & Chief Compliance Officer | Aug 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Pgim, Inc. | Member | Jun 2000 | A | 75% or more |
| Pgim Holding Company Llc | Shareholder | Jun 2000 | B | ≈ 56.25% – 100% via Pgim, Inc. |
| Prudential Financial, Inc. | Shareholder | Dec 2001 | B | ≈ 42.19% – 100% via Pgim Holding Company Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Pgim Holding Company Llc: 75% – 100% of Pgim, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Prudential Financial, Inc.: 75% – 100% of Pgim Holding Company Llc × 75% – 100% of Pgim, Inc. × 75% – 100% direct ≈ 42.19% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (8, $5.7B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Invesco Fixed Income Trust Jennison Intermediate Fund | Other Private Fund | $4.4B | $1.0M | 2 |
| Jennison Growth Equity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | $409M | $5.0M | 6 |
| Jennison Global Opportunity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | $358M | $5.0M | 11 |
| Jenop Global Healthcare Fund Limited | Hedge Fund | $252M | $250K | 43 |
| Jennison Global Healthcare Master Fund, Ltd. | Hedge Fund | $216M | $5.0M | 29 |
| Jennison U.S. Small Cap Equity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | $49.6M | $5.0M | 3 |
| Jennison Christian Sri Small/Mid Cap Core Equity Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | $25.8M | $5.0M | 2 |
| Jennison Small/Mid Cap Fund Of The Prudential Trust Company Institutional Business Trust | Other Private Fund | $6.8M | $5.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (32)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Local 295 I.B.T. Employer Group Pension Trust Fund | Trustees Of Local 295 I.B.T. Employer Group Pension Trust Fund | 1,494 | $640M | 07/01/2024 |
| Pension Plan Of Together For Youth | Together For Youth | 38 | $84.3M | 07/01/2024 |
| United Association National Pension Fund | B/O/T United Association National Pension Fund | 93,165 | $7.7B | 07/01/2024 |
| Local 18 Int'l Assoc. Of Heat & Frost Insulators & Allied Workers Supplemental Pension Fund | Board Of Trustees Local 18 Int'l Heat & Frost Insulators | 676 | $63.2M | 06/01/2024 |
| California Ironworkers Field Pension Trust | Board Of Trustees, California Ironworkers Field Pension Trust Fun | 9,028 | $3.5B | 06/01/2024 |
| The New York Times Companies Pension Plan | The New York Times Company | 1,050 | $985M | 01/01/2024 |
| Retirement Security Plan | National Rural Electric Cooperative Association | 56,128 | $11.5B | 01/01/2024 |
| Abbott Abbvie Multiple Employer Pension Plan | Abbott Laboratories | 161 | $4.2B | 01/01/2024 |
| Retirement Program Plan For Employees Of Consolidated Nuclear Security, Llc At The U.S. Department Of Energy At Oak Ridge, Tennessee | Consolidated Nuclear Security, Llc | 2,368 | $2.0B | 01/01/2024 |
| Union Carbide Employees' Pension Plan | Union Carbide Corporation C/O The Dow Chemical Company | 677 | $2.2B | 01/01/2024 |
| Rockwell Automation Pension Plan | Rockwell Automation, Inc. | 1,841 | $1.8B | 01/01/2024 |
| Ericsson Us Pension Plan | Ericsson Inc. | 413 | $526M | 01/01/2024 |
| American Electric Power System Retirement Plan | American Electric Power Service Corporation | 15,217 | $4.1B | 01/01/2024 |
| Ericsson Us 401(k) Plan | Ericsson Inc. | 4,401 | $3.8B | 01/01/2024 |
| Glaxosmithkline Cash Balance Pension Plan | Glaxosmithkline Llc | 7,110 | $2.9B | 01/01/2024 |
| Aep Retirement Savings 401(k) Plan | American Electric Power Service Corporation | 16,345 | $5.2B | 01/01/2024 |
| Bechtel Plant Machinery, Inc. Pension Plan | Bechtel Plant Machinery, Inc. | 410 | $339M | 01/01/2024 |
| Jpmorgan Chase Retirement Plan | Jpmorgan Chase Bank, National Association | 78,270 | $16.1B | 01/01/2024 |
| Pension Plan For Employees At Ornl | Ut Battelle, Llc | 6,785 | $2.4B | 01/01/2024 |
| The Southern Company Pension Plan | Southern Company Services, Inc. | 26,369 | $15.3B | 01/01/2024 |
| Jpmorgan Chase 401(k) Savings Plan | Jpmorgan Chase Bank, National Association | 185,310 | $52.9B | 01/01/2024 |
| Factory Mutual Insurance Company Pension Plan | Factory Mutual Insurance Company | 3,786 | $3.0B | 01/01/2024 |
| Keycorp 401 K Savings Plan | Keycorp | 17,385 | $4.1B | 01/01/2024 |
| New Century Energies, Inc. Retirement Plan For Public Service Company Of Colorado Bargaining Unit Ees And Former Non Bargaining Unit Ees | Xcel Energy Inc. | 1,952 | $860M | 01/01/2024 |
| New Century Energies, Inc. Retirement Plan For Southwestern Public Service Co. Bargaining Unit Ee And Former Non Bargaining Unit Employees | Xcel Energy Inc. | 892 | $343M | 01/01/2024 |
Top 25 of 32 plans by assets.
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 4.6 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- BNY Mellon $17.5B (8% of AUM) Mar 2026
- Northern Trust $15.1B (7% of AUM) Mar 2026
- State Street $12.9B (6% of AUM) Mar 2026
- J.P. Morgan $6.9B (4% of AUM) May 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗