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 |
Boeing
BA
|
+$788M |
| 2 |
Netflix
NFLX
|
+$687M |
| 3 |
UnitedHealth
UNH
|
+$638M |
| 4 |
Trade Desk
TTD
|
+$513M |
| 5 |
Home Depot
HD
|
+$374M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.12B |
| 2 |
Tesla
TSLA
|
+$717M |
| 3 |
Uber
UBER
|
+$656M |
| 4 |
argenx
ARGX
|
+$579M |
| 5 |
Eli Lilly
LLY
|
+$473M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.7% |
| 2 | Consumer Discretionary | 19.7% |
| 3 | Healthcare | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Domino's
DPZ
$12.2B
| $41.5M | 0.03% |
100,738
+84,350
| +515% | +$31.6M |
|
227
Savara
SVRA
$1.11B
| $41.4M | 0.03% |
8,815,358
+4,948,596
| +128% | +$19M |
|
228
Diamondback Energy
FANG
$54B
| $41.1M | 0.03% |
264,906
-17,126
| -6% | -$2.68M |
|
229
Procore
PCOR
$8.49B
| $40.6M | 0.03% |
586,523
+515,245
| +723% | +$31.8M |
|
230
Nextpower Inc
NXT
$14.9B
| $40.4M | 0.03% |
862,620
+211,192
| +32% | +$8.26M |
|
|
HES
231
DELISTED
Hess
HES
| $39.7M | 0.03% |
275,393
-1,064,661
| -79% | -$156M |
|
232
CBRE Group
CBRE
$43.7B
| $39.7M | 0.03% |
426,417
-54,923
| -11% | -$4.27M |
|
233
Dynatrace
DT
$13.3B
| $39.6M | 0.03% |
724,667
+702,603
| +3,184% | +$35.5M |
|
234
Datadog
DDOG
$103B
| $39.5M | 0.03% |
325,318
-83,947
| -21% | -$8.65M |
|
235
XP
XP
$8.77B
| $38.5M | 0.03% |
1,478,071
-150,418
| -9% | -$3.43M |
|
236
Kosmos Energy
KOS
$1.44B
| $38.5M | 0.03% |
5,736,668
+2,580,191
| +82% | +$18.1M |
|
237
CoStar Group
CSGP
$12.1B
| $38.3M | 0.03% |
438,558
-176,967
| -29% | -$14.3M |
|
238
DoubleVerify
DV
$1.83B
| $38.3M | 0.03% |
1,040,759
+843,045
| +426% | +$26.3M |
|
239
Tandem Diabetes Care
TNDM
$1.38B
| $38.2M | 0.03% |
1,290,590
+167,675
| +15% | +$3.48M |
|
240
CONMED
CNMD
$1.51B
| $37.8M | 0.03% |
345,115
-19,579
| -5% | -$2.02M |
|
241
RTX Corp
RTX
$294B
| $37M | 0.03% |
439,640
-273,572
| -38% | -$21.7M |
|
242
Cabaletta Bio
CABA
$452M
| $36.9M | 0.03% |
1,626,628
+204,261
| +14% | +$3.43M |
|
243
Hilltop Holdings
HTH
$2.29B
| $36.9M | 0.03% |
1,047,911
-81,697
| -7% | -$2.47M |
|
244
Clear Secure
YOU
$5.62B
| $36.8M | 0.03% |
1,782,393
-542,815
| -23% | -$10.5M |
|
245
JB Hunt Transport Services
JBHT
$25.8B
| $35.5M | 0.03% |
177,822
+4,894
| +3% | +$906K |
|
246
Varonis Systems
VRNS
$4.98B
| $35.3M | 0.03% |
778,916
-57,733
| -7% | -$2.17M |
|
247
Chesapeake Utilities
CPK
$3.19B
| $35.3M | 0.03% |
+333,854
| New | +$31.8M |
|
248
Casella Waste Systems
CWST
$5.82B
| $34.6M | 0.03% |
405,230
+33,528
| +9% | +$2.69M |
|
249
Gartner
IT
$12.4B
| $34.5M | 0.03% |
76,573
-22,328
| -23% | -$8.92M |
|
250
Eastern Bankshares
EBC
$5.35B
| $34.3M | 0.03% |
2,416,927
-809,164
| -25% | -$10.1M |
|
Similar funds
Jennison Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Jennison Associates held 638 positions worth $134B, up 14% from $118B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2023 filing shows 77 new, 236 increased, 267 reduced and 55 closed positions. Its largest new stake was Boeing: 3,684,483 shares worth $960M. The largest sale was NVIDIA, an estimated $2.12B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q4 2023 buy was Boeing: 3,684,483 shares worth $960M.
- Jennison Associates added most to Netflix in Q4 2023, an estimated $687M increase.
- Jennison Associates's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $2.12B.
- Jennison Associates fully exited Ulta Beauty in Q4 2023, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 40% of its $134B portfolio in Q4 2023.
- Jennison Associates opened 77 new positions and closed 55 in Q4 2023.
- Jennison Associates's portfolio value rose 14% quarter-over-quarter to $134B.
Based on Jennison Associates's 13F filing for Q4 2023, filed 1 Feb 2024.