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 |
Broadcom
AVGO
|
+$1.57B |
| 2 |
Walt Disney
DIS
|
+$1.27B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.23B |
| 4 |
Airbnb
ABNB
|
+$590M |
| 5 |
Netflix
NFLX
|
+$524M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.58B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.3B |
| 3 |
Tesla
TSLA
|
+$1.23B |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$958M |
| 5 |
Uber
UBER
|
+$676M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.37% |
| 2 | Consumer Discretionary | 17.18% |
| 3 | Healthcare | 13.11% |
| 4 | Communication Services | 11.8% |
| 5 | Financials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Humana
HUM
$43.7B
| $46.9M | 0.03% |
+135,224
| New | +$51.3M |
|
227
Equinix
EQIX
$104B
| $46.7M | 0.03% |
56,563
+26,612
| +89% | +$22.4M |
|
228
Intel
INTC
$510B
| $46.3M | 0.03% |
1,048,893
+437,060
| +71% | +$19.5M |
|
229
Illumina
ILMN
$30.2B
| $46.3M | 0.03% |
346,354
+164,984
| +91% | +$22.1M |
|
230
Flywire
FLYW
$2.3B
| $46.2M | 0.03% |
1,860,951
+1,050,924
| +130% | +$24.5M |
|
231
Cousins Properties
CUZ
$5.06B
| $46.1M | 0.03% |
1,917,908
+825,547
| +76% | +$19.3M |
|
232
Chesapeake Utilities
CPK
$3.21B
| $46M | 0.03% |
428,834
+94,980
| +28% | +$9.81M |
|
|
AZEK
233
DELISTED
The AZEK Co
AZEK
| $45.8M | 0.03% |
912,489
+123,823
| +16% | +$5.4M |
|
234
VSE Corp
VSEC
$6.05B
| $44.9M | 0.03% |
561,397
+65,495
| +13% | +$4.47M |
|
235
Agilent Technologies
A
$39.9B
| $44.9M | 0.03% |
+308,424
| New | +$42.2M |
|
236
Avery Dennison
AVY
$13.4B
| $44.8M | 0.03% |
+200,837
| New | +$41.7M |
|
237
Houlihan Lokey
HLI
$8.96B
| $44.5M | 0.03% |
347,165
+161,753
| +87% | +$20M |
|
238
Savara
SVRA
$1.13B
| $44M | 0.03% |
8,841,971
+26,613
| +0.3% | +$129K |
|
239
RTX Corp
RTX
$300B
| $44M | 0.03% |
451,463
+11,823
| +3% | +$1.07M |
|
240
Essent Group
ESNT
$6.13B
| $44M | 0.03% |
739,688
+358,621
| +94% | +$19.5M |
|
|
EXAS
241
DELISTED
Exact Sciences
EXAS
| $43.8M | 0.03% |
633,629
-727,288
| -53% | -$46M |
|
242
Bankunited
BKU
$3.43B
| $43.5M | 0.03% |
1,552,387
+93,119
| +6% | +$2.6M |
|
243
CBRE Group
CBRE
$43.8B
| $43.2M | 0.03% |
444,517
+18,100
| +4% | +$1.63M |
|
244
Natera
NTRA
$39.3B
| $43.2M | 0.03% |
472,147
+259,336
| +122% | +$19.5M |
|
245
Zurn Elkay Water Solutions
ZWS
$8.75B
| $42.7M | 0.03% |
1,275,293
+518,733
| +69% | +$16M |
|
246
CAVA Group
CAVA
$7.71B
| $42.4M | 0.03% |
605,835
-616,405
| -50% | -$33M |
|
247
Microchip Technology
MCHP
$42.2B
| $42.4M | 0.03% |
472,905
+307,192
| +185% | +$26.5M |
|
248
Oneok
OKE
$55B
| $41.4M | 0.03% |
516,123
+83,454
| +19% | +$6.09M |
|
249
Eastern Bankshares
EBC
$5.31B
| $41.2M | 0.03% |
2,993,308
+576,381
| +24% | +$7.83M |
|
250
Public Service Enterprise Group
PEG
$37.6B
| $41M | 0.03% |
613,675
-281,775
| -31% | -$17.3M |
|
Similar funds
Jennison Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Jennison Associates held 652 positions worth $150B, up 11% from $134B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Jennison Associates's Q1 2024 filing shows 69 new, 266 increased, 228 reduced and 80 closed positions. Its largest new stake was Walt Disney: 12,181,207 shares worth $1.49B. The largest sale was NVIDIA, an estimated $1.58B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q1 2024 buy was Walt Disney: 12,181,207 shares worth $1.49B.
- Jennison Associates added most to Broadcom in Q1 2024, an estimated $1.57B increase.
- Jennison Associates's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $1.58B.
- Jennison Associates fully exited Mobileye in Q1 2024, selling an estimated $607M.
- Jennison Associates's ten largest holdings make up 45% of its $150B portfolio in Q1 2024.
- Jennison Associates opened 69 new positions and closed 80 in Q1 2024.
- Jennison Associates's portfolio value rose 11% quarter-over-quarter to $150B.
Based on Jennison Associates's 13F filing for Q1 2024, filed 2 May 2024.