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 | |
|---|---|---|---|---|---|---|
251
BJs Wholesale Club
BJ
$12.4B
| $44M | 0.03% |
533,336
+393,181
| +281% | +$33.3M |
|
252
DuPont de Nemours
DD
$19.6B
| $43.8M | 0.03% |
391,186
+7,752
| +2% | +$789K |
|
253
Xylem
XYL
$28.4B
| $42.8M | 0.03% |
317,291
+61,841
| +24% | +$8.27M |
|
254
Bilibili
BILI
$7.87B
| $42.3M | 0.03% |
1,807,524
+1,221,433
| +208% | +$18.9M |
|
255
Cognex
CGNX
$11.9B
| $41.2M | 0.03% |
1,017,829
-89,716
| -8% | -$3.82M |
|
256
Darling Ingredients
DAR
$9.68B
| $40.6M | 0.03% |
1,093,516
+42,921
| +4% | +$1.62M |
|
257
BWX Technologies
BWXT
$15.8B
| $40.6M | 0.03% |
373,541
-48,847
| -12% | -$4.85M |
|
258
Republic Services
RSG
$63.6B
| $39.9M | 0.02% |
198,832
-4,969
| -2% | -$1,000K |
|
259
Expro Ltd
XPRO
$1.81B
| $39.3M | 0.02% |
2,286,181
+91,961
| +4% | +$1.87M |
|
260
Casella Waste Systems
CWST
$5.78B
| $38.7M | 0.02% |
389,351
-19,345
| -5% | -$2M |
|
261
Neurocrine Biosciences
NBIX
$16.8B
| $38.6M | 0.02% |
334,800
-164,523
| -33% | -$22.6M |
|
262
Oneok
OKE
$54.3B
| $38.6M | 0.02% |
423,270
+4,157
| +1% | +$362K |
|
263
Enpro
NPO
$7.27B
| $38.5M | 0.02% |
237,659
+4,995
| +2% | +$777K |
|
264
Cactus
WHD
$5.38B
| $38.4M | 0.02% |
642,795
-271,516
| -30% | -$15.8M |
|
265
Avery Dennison
AVY
$13.2B
| $37.9M | 0.02% |
171,763
-26,975
| -14% | -$5.82M |
|
266
Heritage Financial
HFWA
$1.23B
| $37.9M | 0.02% |
1,741,058
+725,257
| +71% | +$15.5M |
|
|
INN
267
Summit Hotel Properties
INN
$744M
| $37.8M | 0.02% |
5,512,683
+103,731
| +2% | +$660K |
|
268
Kymera Therapeutics
KYMR
$8.79B
| $37.8M | 0.02% |
797,681
+368,394
| +86% | +$16.3M |
|
269
Illumina
ILMN
$30.3B
| $37.6M | 0.02% |
288,062
+89,663
| +45% | +$11.1M |
|
270
WEX
WEX
$6.52B
| $37.3M | 0.02% |
178,048
-137,125
| -44% | -$25.6M |
|
271
Cameco
CCJ
$41.4B
| $36.6M | 0.02% |
766,202
+18,741
| +3% | +$817K |
|
272
Flywire
FLYW
$2.29B
| $36.5M | 0.02% |
2,226,750
+112,218
| +5% | +$1.96M |
|
273
Varonis Systems
VRNS
$5.01B
| $35.9M | 0.02% |
635,098
-147,191
| -19% | -$7.74M |
|
274
Coherent
COHR
$66.7B
| $35.8M | 0.02% |
+402,918
| New | +$30.1M |
|
275
RBC Bearings
RBC
$18.1B
| $35.4M | 0.02% |
118,240
+74,474
| +170% | +$21.4M |
|
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.