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 | |
|---|---|---|---|---|---|---|
251
Intapp
INTA
$2.85B
| $40.8M | 0.03% |
1,189,157
-103,857
| -8% | -$4.08M |
|
252
TechnipFMC
FTI
$27.2B
| $40M | 0.03% |
1,593,619
-934,440
| -37% | -$19.7M |
|
253
Casella Waste Systems
CWST
$5.73B
| $39.8M | 0.03% |
402,747
-2,483
| -0.6% | -$223K |
|
254
Bloomin' Brands
BLMN
$1.01B
| $39.6M | 0.03% |
1,381,545
-437,051
| -24% | -$11.9M |
|
255
JB Hunt Transport Services
JBHT
$25.6B
| $39.4M | 0.03% |
197,809
+19,987
| +11% | +$4.03M |
|
256
Wintrust Financial
WTFC
$10.9B
| $39.2M | 0.03% |
375,800
-220,832
| -37% | -$21.3M |
|
257
Republic Services
RSG
$63.7B
| $38.5M | 0.03% |
201,275
-5,775
| -3% | -$1.02M |
|
|
GLDD
258
DELISTED
Great Lakes Dredge & Dock
GLDD
| $38.1M | 0.03% |
4,359,725
+60,307
| +1% | +$496K |
|
259
Gartner
IT
$12.5B
| $37.7M | 0.03% |
79,116
+2,543
| +3% | +$1.17M |
|
260
First Bancorp
FBNC
$2.68B
| $37.6M | 0.03% |
1,041,332
+455,406
| +78% | +$15.9M |
|
261
Evergy
EVRG
$19.1B
| $37.5M | 0.03% |
+702,998
| New | +$35.9M |
|
262
Kosmos Energy
KOS
$1.4B
| $37.4M | 0.03% |
6,278,753
+542,085
| +9% | +$3.26M |
|
|
HOLX
263
DELISTED
Hologic
HOLX
| $37.3M | 0.02% |
478,101
+57,120
| +14% | +$4.25M |
|
264
Cognex
CGNX
$11.8B
| $36.9M | 0.02% |
870,822
+203,684
| +31% | +$7.93M |
|
265
Varonis Systems
VRNS
$4.98B
| $36.9M | 0.02% |
782,658
+3,742
| +0.5% | +$178K |
|
266
Eldorado Gold
EGO
$9.39B
| $36.4M | 0.02% |
+2,585,234
| New | +$31.4M |
|
267
Amphenol
APH
$212B
| $36M | 0.02% |
624,936
-34,876
| -5% | -$1.83M |
|
268
Eversource Energy
ES
$27.3B
| $36M | 0.02% |
+602,032
| New | +$34.6M |
|
269
DoubleVerify
DV
$1.84B
| $35.7M | 0.02% |
1,015,057
-25,702
| -2% | -$956K |
|
270
IQVIA
IQV
$38.9B
| $35.6M | 0.02% |
140,914
+9,578
| +7% | +$2.24M |
|
271
Nextpower Inc
NXT
$15.1B
| $35.4M | 0.02% |
628,949
-233,671
| -27% | -$12.4M |
|
|
INN
272
Summit Hotel Properties
INN
$739M
| $34.9M | 0.02% |
5,357,138
+379,223
| +8% | +$2.47M |
|
273
Kyverna Therapeutics
KYTX
$464M
| $34.7M | 0.02% |
+1,398,659
| New | +$39M |
|
274
Urban Edge Properties
UE
$2.78B
| $34.7M | 0.02% |
2,006,915
+996,287
| +99% | +$17.2M |
|
275
Darden Restaurants
DRI
$23.9B
| $34.6M | 0.02% |
207,165
+156,772
| +311% | +$26M |
|
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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.