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 |
Spotify
SPOT
|
+$1.28B |
| 2 |
Walmart Inc
WMT
|
+$595M |
| 3 |
TSMC
TSM
|
+$567M |
| 4 |
Boeing
BA
|
+$565M |
| 5 |
Edwards Lifesciences
EW
|
+$526M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$1.78B |
| 2 |
Mercado Libre
MELI
|
+$1.44B |
| 3 |
ASML
ASML
|
+$1.05B |
| 4 |
Broadcom
AVGO
|
+$878M |
| 5 |
MongoDB
MDB
|
+$871M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.73% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 16.04% |
| 4 | Healthcare | 8.87% |
| 5 | Financials | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
iShares MSCI India Small-Cap ETF
SMIN
$776M
| $51.1M | 0.03% |
668,286
+86,850
| +15% | +$7.11M |
|
227
KE Holdings
BEKE
$18.9B
| $50.9M | 0.03% |
2,761,520
+1,157,272
| +72% | +$23.9M |
|
228
Agilent Technologies
A
$39.3B
| $50.2M | 0.03% |
373,381
-213,058
| -36% | -$29.2M |
|
|
NSA
229
DELISTED
National Storage Affiliates Trust
NSA
| $50.1M | 0.03% |
1,321,733
-84,208
| -6% | -$3.61M |
|
230
First Interstate BancSystem
FIBK
$3.73B
| $50M | 0.03% |
1,540,490
+654,688
| +74% | +$21.3M |
|
231
Amgen
AMGN
$210B
| $49.9M | 0.03% |
191,420
-388,045
| -67% | -$115M |
|
232
Grid Dynamics Holdings
GDYN
$588M
| $49.2M | 0.03% |
2,212,991
-224,913
| -9% | -$3.93M |
|
233
iShares MSCI India ETF
INDA
$6.65B
| $48.9M | 0.03% |
929,467
-177,156
| -16% | -$9.76M |
|
234
WisdomTree India Earnings Fund ETF
EPI
$2.06B
| $48.9M | 0.03% |
1,080,381
-176,635
| -14% | -$8.38M |
|
|
GLDD
235
DELISTED
Great Lakes Dredge & Dock
GLDD
| $48.9M | 0.03% |
4,329,242
-4,196
| -0.1% | -$50.2K |
|
236
Shake Shack
SHAK
$2.67B
| $48.7M | 0.03% |
375,552
+81,441
| +28% | +$9.98M |
|
237
Adecoagro
AGRO
$1.33B
| $48.4M | 0.03% |
5,133,846
-713,658
| -12% | -$7.79M |
|
238
HEICO Corp
HEI
$51.4B
| $48.1M | 0.03% |
202,195
-49,953
| -20% | -$12.9M |
|
|
EMBJ
239
Embraer S.A. ADS
EMBJ
$12.5B
| $47.9M | 0.03% |
1,306,854
-24,777
| -2% | -$892K |
|
240
Agnico Eagle Mines
AEM
$76.3B
| $47.8M | 0.03% |
611,530
+28,592
| +5% | +$2.36M |
|
241
Krystal Biotech
KRYS
$9.61B
| $47.5M | 0.03% |
303,521
-106,536
| -26% | -$18.9M |
|
242
Energy Transfer Partners
ET
$70B
| $47.5M | 0.03% |
2,424,454
-1,985,249
| -45% | -$35.2M |
|
243
SAP
SAP
$226B
| $47.2M | 0.03% |
+191,687
| New | +$45.6M |
|
244
Zurn Elkay Water Solutions
ZWS
$8.82B
| $47.1M | 0.03% |
1,263,984
-220,474
| -15% | -$8.41M |
|
245
Take-Two Interactive
TTWO
$44.9B
| $46.1M | 0.03% |
250,460
-53,412
| -18% | -$9.26M |
|
246
Pinterest
PINS
$14.3B
| $46.1M | 0.03% |
1,588,694
-27,150
| -2% | -$853K |
|
247
Kanzhun
BZ
$7.35B
| $46M | 0.03% |
3,329,853
+1,476,693
| +80% | +$21.7M |
|
|
INN
248
Summit Hotel Properties
INN
$747M
| $45.9M | 0.03% |
6,704,189
+1,191,506
| +22% | +$7.83M |
|
249
Duke Energy
DUK
$96.9B
| $45.5M | 0.03% |
+422,527
| New | +$47.9M |
|
250
KBR
KBR
$4.77B
| $43M | 0.03% |
741,952
-879,788
| -54% | -$56.1M |
|
Similar funds
Jennison Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Jennison Associates held 642 positions worth $165B, up 2.2% from $161B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $6.01B in Q4 2024, closing 70 positions and reducing 253 holdings. Its most notable exit was Centene, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in Spotify worth $1.34B.
- Jennison Associates's largest Q4 2024 buy was Spotify: 2,985,326 shares worth $1.34B.
- Jennison Associates added most to Walmart Inc in Q4 2024, an estimated $595M increase.
- Jennison Associates's biggest Q4 2024 reduction was Eli Lilly, cutting an estimated $1.78B.
- Jennison Associates fully exited Centene in Q4 2024, selling an estimated $129M.
- Jennison Associates's ten largest holdings make up 47% of its $165B portfolio in Q4 2024.
- Jennison Associates opened 84 new positions and closed 70 in Q4 2024.
- Jennison Associates's portfolio value rose 2.2% quarter-over-quarter to $165B.
Based on Jennison Associates's 13F filing for Q4 2024, filed 24 Jan 2025.