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 | |
|---|---|---|---|---|---|---|
251
Republic Services
RSG
$64.5B
| $34.1M | 0.03% |
207,050
+145,244
| +235% | +$22.5M |
|
252
Boot Barn
BOOT
$4.8B
| $34.1M | 0.03% |
443,913
-27,960
| -6% | -$2.1M |
|
|
INN
253
Summit Hotel Properties
INN
$749M
| $33.5M | 0.02% |
4,977,915
-1,143,532
| -19% | -$7.04M |
|
254
Ryan Specialty Holdings
RYAN
$5.65B
| $33.3M | 0.02% |
774,833
-421,390
| -35% | -$19M |
|
255
Pinnacle West Capital
PNW
$12.2B
| $33.2M | 0.02% |
461,885
-565,757
| -55% | -$41.6M |
|
|
ENLC
256
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $33M | 0.02% |
2,716,121
-26,556
| -1% | -$333K |
|
|
GLDD
257
DELISTED
Great Lakes Dredge & Dock
GLDD
| $33M | 0.02% |
4,299,418
+366,923
| +9% | +$2.67M |
|
|
B
258
Barrick Mining
B
$64B
| $32.8M | 0.02% |
1,811,368
+341,354
| +23% | +$5.6M |
|
259
Amphenol
APH
$201B
| $32.7M | 0.02% |
659,812
-592
| -0.1% | -$26.2K |
|
260
Ross Stores
ROST
$81.1B
| $32.6M | 0.02% |
235,316
+213,181
| +963% | +$26.6M |
|
261
DuPont de Nemours
DD
$19.1B
| $32.3M | 0.02% |
334,652
+6,680
| +2% | +$607K |
|
|
MRNS
262
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $32.2M | 0.02% |
2,959,161
+3,818
| +0.1% | +$28.6K |
|
263
TotalEnergies
TTE
$193B
| $32.1M | 0.02% |
476,708
+83,148
| +21% | +$5.54M |
|
264
VSE Corp
VSEC
$5.81B
| $32M | 0.02% |
495,902
+55,714
| +13% | +$3.27M |
|
265
BioMarin Pharmaceuticals
BMRN
$11.6B
| $32M | 0.02% |
332,018
-257,326
| -44% | -$22.8M |
|
|
VRNA
266
DELISTED
Verona Pharma
VRNA
| $31.5M | 0.02% |
1,585,385
+142,819
| +10% | +$2.11M |
|
267
Dominion Energy
D
$60.5B
| $30.9M | 0.02% |
658,212
-769,613
| -54% | -$34.4M |
|
268
Grid Dynamics Holdings
GDYN
$553M
| $30.8M | 0.02% |
2,312,168
-182,625
| -7% | -$2.23M |
|
269
MACOM Technology Solutions
MTSI
$19.5B
| $30.8M | 0.02% |
331,005
-74,061
| -18% | -$6.09M |
|
270
Intel
INTC
$509B
| $30.7M | 0.02% |
611,833
+458,608
| +299% | +$18.6M |
|
271
IQVIA
IQV
$38.4B
| $30.4M | 0.02% |
131,336
-27,163
| -17% | -$5.58M |
|
272
Oneok
OKE
$55.6B
| $30.4M | 0.02% |
432,669
-4,231
| -1% | -$284K |
|
273
Cameco
CCJ
$40.5B
| $30.3M | 0.02% |
703,837
+42,819
| +6% | +$1.79M |
|
274
Baxter International
BAX
$14.5B
| $30.3M | 0.02% |
783,960
+6,433
| +0.8% | +$228K |
|
|
AZEK
275
DELISTED
The AZEK Co
AZEK
| $30.2M | 0.02% |
788,666
+762,793
| +2,948% | +$23.8M |
|
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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.