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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Amphenol
APH
$198B
| $33M | 0.02% |
490,536
-134,400
| -22% | -$8.48M |
|
277
SiTime
SITM
$16B
| $32.9M | 0.02% |
264,534
+89,262
| +51% | +$9.52M |
|
278
Riskified
RSKD
$694M
| $32.6M | 0.02% |
5,108,548
+3,398,076
| +199% | +$19.2M |
|
279
Maravai LifeSciences
MRVI
$969M
| $32.6M | 0.02% |
4,554,697
+4,160,803
| +1,056% | +$35.9M |
|
280
Impinj
PI
$4.62B
| $32.6M | 0.02% |
207,871
+7,363
| +4% | +$1.09M |
|
|
INN
281
Summit Hotel Properties
INN
$746M
| $32.4M | 0.02% |
5,408,952
+51,814
| +1% | +$317K |
|
282
American Express
AXP
$227B
| $32.1M | 0.02% |
138,796
+96,601
| +229% | +$22.4M |
|
283
Boot Barn
BOOT
$4.51B
| $31.8M | 0.02% |
246,646
-284,236
| -54% | -$32M |
|
284
Ross Stores
ROST
$80.5B
| $31.7M | 0.02% |
218,118
-1,615
| -0.7% | -$223K |
|
285
TechnipFMC
FTI
$28.1B
| $31.7M | 0.02% |
1,210,538
-383,081
| -24% | -$9.87M |
|
286
Verizon
VZ
$195B
| $30.6M | 0.02% |
742,950
-1,861
| -0.2% | -$75K |
|
287
Hershey
HSY
$35.2B
| $30.6M | 0.02% |
166,416
-1,516
| -0.9% | -$293K |
|
288
Chefs' Warehouse
CHEF
$4.71B
| $30M | 0.02% |
766,870
+6,518
| +0.9% | +$241K |
|
289
Prestige Consumer Healthcare
PBH
$2.38B
| $29.4M | 0.02% |
426,315
+49,647
| +13% | +$3.36M |
|
290
Construction Partners
ROAD
$5.84B
| $29.2M | 0.02% |
529,622
+1,715
| +0.3% | +$94.9K |
|
291
TotalEnergies
TTE
$195B
| $29.1M | 0.02% |
436,916
-13,850
| -3% | -$985K |
|
|
AVDX
292
DELISTED
AvidXchange
AVDX
| $28.9M | 0.02% |
2,400,262
+590,378
| +33% | +$6.74M |
|
293
Kontoor Brands
KTB
$4.63B
| $28.9M | 0.02% |
437,309
-119,090
| -21% | -$7.78M |
|
294
PTC
PTC
$15.8B
| $28.9M | 0.02% |
159,014
-127,169
| -44% | -$22.8M |
|
295
Phathom Pharmaceuticals
PHAT
$708M
| $28.4M | 0.02% |
2,757,579
+1,109,882
| +67% | +$11.4M |
|
296
JB Hunt Transport Services
JBHT
$25.5B
| $28.4M | 0.02% |
177,451
-20,358
| -10% | -$3.41M |
|
297
Cogent Communications
CCOI
$676M
| $28.3M | 0.02% |
501,219
-248,036
| -33% | -$14.8M |
|
298
AvalonBay Communities
AVB
$26.5B
| $28.2M | 0.02% |
136,403
+4,759
| +4% | +$920K |
|
299
Grid Dynamics Holdings
GDYN
$559M
| $28.2M | 0.02% |
2,681,810
+342,668
| +15% | +$3.53M |
|
300
Warby Parker
WRBY
$3.28B
| $27.4M | 0.02% |
1,706,586
+706,448
| +71% | +$10.4M |
|
Similar funds
Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.