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 |
Ferrari
RACE
|
+$1.18B |
| 2 |
Walmart Inc
WMT
|
+$1.12B |
| 3 |
GE Aerospace
GE
|
+$630M |
| 4 |
DexCom
DXCM
|
+$537M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.13B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$907M |
| 3 |
Advanced Micro Devices
AMD
|
+$750M |
| 4 |
Microsoft
MSFT
|
+$654M |
| 5 |
Visa
V
|
+$550M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.5% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 14.22% |
| 4 | Healthcare | 11.56% |
| 5 | Financials | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Trip.com Group
TCOM
$29.5B
| $50.8M | 0.03% |
855,370
+424,160
| +98% | +$19.6M |
|
227
Avantor
AVTR
$9.25B
| $50.4M | 0.03% |
1,948,520
-1,585,669
| -45% | -$38.9M |
|
228
Plains GP Holdings
PAGP
$5.04B
| $50.2M | 0.03% |
2,714,541
-12,749
| -0.5% | -$242K |
|
|
VRNA
229
DELISTED
Verona Pharma
VRNA
| $50.1M | 0.03% |
1,740,886
+612,854
| +54% | +$15.1M |
|
230
Marvell Technology
MRVL
$196B
| $50.1M | 0.03% |
694,385
+341
| +0% | +$23.6K |
|
231
iShares MSCI India Small-Cap ETF
SMIN
$776M
| $50M | 0.03% |
+581,436
| New | +$48.5M |
|
232
Entegris
ENTG
$22B
| $49.4M | 0.03% |
439,120
+138,958
| +46% | +$16.5M |
|
233
Hayward Holdings
HAYW
$3.41B
| $48.8M | 0.03% |
3,179,751
-324,272
| -9% | -$4.49M |
|
234
Dyne Therapeutics
DYN
$4.85B
| $48.4M | 0.03% |
1,346,952
+19,730
| +1% | +$785K |
|
235
Essent Group
ESNT
$6.14B
| $48.3M | 0.03% |
750,778
+10,684
| +1% | +$654K |
|
236
Littelfuse
LFUS
$11.8B
| $48M | 0.03% |
181,141
+50,304
| +38% | +$13M |
|
237
CBRE Group
CBRE
$43.7B
| $47.3M | 0.03% |
379,727
-65,135
| -15% | -$7.1M |
|
238
Camden Property Trust
CPT
$11B
| $47.1M | 0.03% |
+381,608
| New | +$45.1M |
|
|
EMBJ
239
Embraer S.A. ADS
EMBJ
$12.5B
| $47.1M | 0.03% |
1,331,631
+672,644
| +102% | +$21.3M |
|
240
Agnico Eagle Mines
AEM
$76.3B
| $47M | 0.03% |
582,938
-61,106
| -9% | -$4.73M |
|
241
Take-Two Interactive
TTWO
$44.9B
| $46.7M | 0.03% |
303,872
+25
| +0% | +$3.79K |
|
242
Alexandria Real Estate Equities
ARE
$8.52B
| $46.5M | 0.03% |
391,475
-716,586
| -65% | -$85.4M |
|
|
BLD
243
DELISTED
TopBuild
BLD
| $46.4M | 0.03% |
114,030
+110,143
| +2,834% | +$44.4M |
|
244
HubSpot
HUBS
$12.7B
| $46.1M | 0.03% |
86,707
-480,732
| -85% | -$241M |
|
245
Generac Holdings
GNRC
$12.9B
| $45.7M | 0.03% |
+287,779
| New | +$42.7M |
|
|
GLDD
246
DELISTED
Great Lakes Dredge & Dock
GLDD
| $45.6M | 0.03% |
4,333,438
+79,087
| +2% | +$735K |
|
247
Delta Air Lines
DAL
$61B
| $45M | 0.03% |
886,779
-1,146,098
| -56% | -$49.9M |
|
248
Celldex Therapeutics
CLDX
$3.07B
| $45M | 0.03% |
1,324,410
+321,325
| +32% | +$12.2M |
|
249
SiTime
SITM
$17.5B
| $44.3M | 0.03% |
258,230
-6,304
| -2% | -$903K |
|
250
Acadia Healthcare
ACHC
$2.95B
| $44.1M | 0.03% |
695,861
-91,296
| -12% | -$6.59M |
|
Similar funds
Jennison Associates's Q3 2024 Portfolio in Review
As of Q3 2024, Jennison Associates held 655 positions worth $161B, up 3.2% from $156B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Jennison Associates's Q3 2024 filing shows 83 new, 246 increased, 210 reduced and 97 closed positions. Its largest new stake was NVR: 35,523 shares worth $349M. The largest sale was NVIDIA, an estimated $1.13B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 40% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2024 buy was NVR: 35,523 shares worth $349M.
- Jennison Associates added most to Ferrari in Q3 2024, an estimated $1.18B increase.
- Jennison Associates's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $1.13B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q3 2024, selling an estimated $907M.
- Jennison Associates's ten largest holdings make up 46% of its $161B portfolio in Q3 2024.
- Jennison Associates opened 83 new positions and closed 97 in Q3 2024.
- Jennison Associates's portfolio value rose 3.2% quarter-over-quarter to $161B.
Based on Jennison Associates's 13F filing for Q3 2024, filed 8 Nov 2024.