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 | |
|---|---|---|---|---|---|---|
276
Materion
MTRN
$6.18B
| $34.5M | 0.02% |
262,121
+60,030
| +30% | +$7.61M |
|
277
Dyne Therapeutics
DYN
$4.89B
| $34.3M | 0.02% |
1,207,551
+1,004,680
| +495% | +$22.7M |
|
278
Crown Holdings
CCK
$13.3B
| $34M | 0.02% |
429,051
+106,021
| +33% | +$8.68M |
|
279
Kontoor Brands
KTB
$4.62B
| $33.5M | 0.02% |
556,399
-318,450
| -36% | -$19.1M |
|
280
Baxter International
BAX
$14.1B
| $33.2M | 0.02% |
776,880
-7,080
| -0.9% | -$288K |
|
281
DuPont de Nemours
DD
$19.9B
| $33.2M | 0.02% |
344,790
+10,138
| +3% | +$902K |
|
282
Align Technology
ALGN
$12.5B
| $32.9M | 0.02% |
100,300
+12,601
| +14% | +$3.7M |
|
283
Hershey
HSY
$36.1B
| $32.7M | 0.02% |
167,932
+28,051
| +20% | +$5.41M |
|
284
Regeneron Pharmaceuticals
REGN
$79.1B
| $32.3M | 0.02% |
+33,521
| New | +$31.9M |
|
285
Ross Stores
ROST
$81.2B
| $32.2M | 0.02% |
219,733
-15,583
| -7% | -$2.23M |
|
286
Agnico Eagle Mines
AEM
$83.8B
| $32.1M | 0.02% |
538,864
+5,136
| +1% | +$263K |
|
287
Verizon
VZ
$193B
| $31.3M | 0.02% |
+744,811
| New | +$30M |
|
288
SiteOne Landscape Supply
SITE
$4.45B
| $31M | 0.02% |
177,793
+56,234
| +46% | +$9.28M |
|
289
TotalEnergies
TTE
$188B
| $31M | 0.02% |
450,766
-25,942
| -5% | -$1.7M |
|
290
MACOM Technology Solutions
MTSI
$20.1B
| $30.7M | 0.02% |
321,397
-9,608
| -3% | -$849K |
|
291
Cameco
CCJ
$41.1B
| $30.6M | 0.02% |
705,294
+1,457
| +0.2% | +$63.9K |
|
292
Skyward Specialty Insurance
SKWD
$2.56B
| $30.3M | 0.02% |
810,437
-40,292
| -5% | -$1.36M |
|
293
Construction Partners
ROAD
$5.94B
| $29.6M | 0.02% |
527,907
+1,159
| +0.2% | +$54.8K |
|
294
Texas Roadhouse
TXRH
$13.7B
| $29.5M | 0.02% |
190,802
-44,372
| -19% | -$6.08M |
|
295
Teledyne Technologies
TDY
$31.7B
| $29.5M | 0.02% |
68,640
-110,153
| -62% | -$47.2M |
|
296
Steris
STE
$22.7B
| $29.4M | 0.02% |
130,702
-137,327
| -51% | -$31M |
|
297
Xylem
XYL
$28.5B
| $29.2M | 0.02% |
+226,200
| New | +$27.3M |
|
298
Descartes Systems
DSGX
$6.57B
| $28.9M | 0.02% |
315,713
-14,855
| -4% | -$1.31M |
|
299
Celldex Therapeutics
CLDX
$3.22B
| $28.9M | 0.02% |
688,080
+668,002
| +3,327% | +$27.4M |
|
300
Grid Dynamics Holdings
GDYN
$600M
| $28.7M | 0.02% |
2,339,142
+26,974
| +1% | +$352K |
|
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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.