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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Crown Holdings
CCK
$12.8B
| $44.7M | 0.03% |
601,181
+172,130
| +40% | +$13.9M |
|
227
Wintrust Financial
WTFC
$10.8B
| $44.1M | 0.03% |
447,438
+71,638
| +19% | +$7.02M |
|
228
DexCom
DXCM
$31.5B
| $44.1M | 0.03% |
388,797
+495
| +0.1% | +$62.6K |
|
229
Cousins Properties
CUZ
$5.19B
| $44.1M | 0.03% |
1,903,106
-14,802
| -0.8% | -$341K |
|
230
Exelon
EXC
$47.2B
| $44M | 0.03% |
1,271,458
-426,950
| -25% | -$15.8M |
|
231
Quanta Services
PWR
$100B
| $43.7M | 0.03% |
172,039
-30,452
| -15% | -$8.07M |
|
232
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $43.7M | 0.03% |
2,763,682
+1,872,011
| +210% | +$31.7M |
|
233
WillScot Mobile Mini Holdings
WSC
$4.39B
| $43.6M | 0.03% |
1,157,828
-102,201
| -8% | -$4.04M |
|
234
Avery Dennison
AVY
$13B
| $43.5M | 0.03% |
198,738
-2,099
| -1% | -$466K |
|
235
Hayward Holdings
HAYW
$3.21B
| $43.1M | 0.03% |
3,504,023
+133,667
| +4% | +$1.86M |
|
236
Agnico Eagle Mines
AEM
$73.6B
| $42.1M | 0.03% |
644,044
+105,180
| +20% | +$6.86M |
|
237
Bankunited
BKU
$3.37B
| $41.8M | 0.03% |
1,426,635
-125,752
| -8% | -$3.5M |
|
238
Essent Group
ESNT
$6.08B
| $41.6M | 0.03% |
740,094
+406
| +0.1% | +$22.6K |
|
|
BRKL
239
DELISTED
Brookline Bancorp
BRKL
| $41.5M | 0.03% |
4,971,717
+53,954
| +1% | +$474K |
|
240
Cabaletta Bio
CABA
$437M
| $41.5M | 0.03% |
5,546,467
+2,123,483
| +62% | +$26M |
|
241
Gartner
IT
$10.1B
| $41.1M | 0.03% |
91,602
+12,486
| +16% | +$5.56M |
|
242
Herc Holdings
HRI
$5.02B
| $41.1M | 0.03% |
308,418
-102,071
| -25% | -$15.1M |
|
243
Entegris
ENTG
$18.1B
| $40.6M | 0.03% |
+300,162
| New | +$39.6M |
|
244
Casella Waste Systems
CWST
$5.71B
| $40.6M | 0.03% |
408,696
+5,949
| +1% | +$573K |
|
245
Century Communities
CCS
$1.91B
| $40.4M | 0.03% |
495,151
-243,981
| -33% | -$20.3M |
|
246
Valero Energy
VLO
$90.1B
| $40.4M | 0.03% |
257,839
-39,814
| -13% | -$6.42M |
|
247
Tarsus Pharmaceuticals
TARS
$2.58B
| $40.2M | 0.03% |
1,479,868
+148,930
| +11% | +$5.01M |
|
248
BWX Technologies
BWXT
$15.5B
| $40.1M | 0.03% |
422,388
+158,484
| +60% | +$14.7M |
|
249
CBRE Group
CBRE
$42.5B
| $39.6M | 0.03% |
444,862
+345
| +0.1% | +$30.6K |
|
250
Republic Services
RSG
$64.8B
| $39.6M | 0.03% |
203,801
+2,526
| +1% | +$477K |
|
Similar funds
Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.