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 | |
|---|---|---|---|---|---|---|
|
EXAS
251
DELISTED
Exact Sciences
EXAS
| $42.9M | 0.03% |
762,736
-121,923
| -14% | -$7.59M |
|
252
Littelfuse
LFUS
$11.8B
| $42.7M | 0.03% |
181,091
-50
| -0% | -$12.5K |
|
253
Warby Parker
WRBY
$3.67B
| $42.5M | 0.03% |
1,757,361
-181,755
| -9% | -$3.71M |
|
254
Enbridge
ENB
$117B
| $42.4M | 0.03% |
999,358
+433,901
| +77% | +$18.2M |
|
255
Casella Waste Systems
CWST
$5.82B
| $42M | 0.03% |
397,261
+7,910
| +2% | +$835K |
|
256
Renasant Corp
RNST
$4.05B
| $42M | 0.03% |
1,173,801
+788,762
| +205% | +$27.8M |
|
257
Cameco
CCJ
$40.5B
| $41.7M | 0.03% |
811,112
+44,910
| +6% | +$2.45M |
|
258
Lennar Class A
LEN
$21B
| $41.6M | 0.03% |
315,003
-40,068
| -11% | -$6.51M |
|
259
Bilibili
BILI
$7.95B
| $41.4M | 0.03% |
2,285,264
+477,740
| +26% | +$10M |
|
260
Insulet
PODD
$11.6B
| $41.3M | 0.03% |
158,342
+28,375
| +22% | +$7.15M |
|
261
Gartner
IT
$12.4B
| $40.9M | 0.02% |
84,419
-21,350
| -20% | -$11M |
|
262
Kinder Morgan
KMI
$69.9B
| $40.4M | 0.02% |
1,475,187
+1,319,474
| +847% | +$34.4M |
|
263
Republic Services
RSG
$63.9B
| $40.4M | 0.02% |
200,756
+1,924
| +1% | +$398K |
|
264
Illumina
ILMN
$30.7B
| $38.6M | 0.02% |
288,943
+881
| +0.3% | +$125K |
|
265
DuPont de Nemours
DD
$19.3B
| $37.6M | 0.02% |
392,484
+1,298
| +0.3% | +$135K |
|
266
MPLX
MPLX
$61.4B
| $37.5M | 0.02% |
783,111
-633,817
| -45% | -$29.5M |
|
267
Watsco Inc
WSO
$13.8B
| $37.1M | 0.02% |
78,340
-44,522
| -36% | -$22.5M |
|
268
Oneok
OKE
$55.2B
| $37M | 0.02% |
368,816
-54,454
| -13% | -$5.57M |
|
|
BRKL
269
DELISTED
Brookline Bancorp
BRKL
| $37M | 0.02% |
3,133,365
+224,888
| +8% | +$2.61M |
|
270
Quanta Services
PWR
$104B
| $36.8M | 0.02% |
116,433
+485
| +0.4% | +$156K |
|
271
Entegris
ENTG
$22B
| $35.8M | 0.02% |
361,389
-77,731
| -18% | -$8.2M |
|
272
LPL Financial
LPLA
$27.9B
| $35.3M | 0.02% |
108,256
+13,406
| +14% | +$3.96M |
|
273
BWX Technologies
BWXT
$15.8B
| $35.1M | 0.02% |
315,517
-58,024
| -16% | -$7.09M |
|
274
Chefs' Warehouse
CHEF
$4.49B
| $35.1M | 0.02% |
711,062
-18,584
| -3% | -$809K |
|
275
AllianceBernstein
AB
$3.46B
| $34.9M | 0.02% |
939,649
+61,326
| +7% | +$2.24M |
|
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.