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 | |
|---|---|---|---|---|---|---|
276
Construction Partners
ROAD
$6.03B
| $35.1M | 0.02% |
502,985
-26,637
| -5% | -$1.64M |
|
277
Quanta Services
PWR
$104B
| $34.6M | 0.02% |
115,948
-56,091
| -33% | -$14.8M |
|
278
CoStar Group
CSGP
$12.1B
| $34.3M | 0.02% |
455,322
-53,829
| -11% | -$4.08M |
|
279
Grid Dynamics Holdings
GDYN
$588M
| $34.1M | 0.02% |
2,437,904
-243,906
| -9% | -$3.15M |
|
280
Tencent Music
TME
$15.8B
| $34M | 0.02% |
2,818,867
+1,359,691
| +93% | +$16.6M |
|
|
BRDG
281
DELISTED
Bridge Investment Group
BRDG
| $33.3M | 0.02% |
3,370,882
+74,779
| +2% | +$610K |
|
282
Applied Materials
AMAT
$434B
| $33.3M | 0.02% |
164,609
-1,226,977
| -88% | -$252M |
|
283
Ross Stores
ROST
$80.5B
| $32.9M | 0.02% |
218,557
+439
| +0.2% | +$64.8K |
|
284
Verizon
VZ
$195B
| $32.8M | 0.02% |
731,218
-11,732
| -2% | -$490K |
|
285
Hershey
HSY
$36B
| $32.4M | 0.02% |
168,820
+2,404
| +1% | +$467K |
|
286
Atmos Energy
ATO
$28.8B
| $32.2M | 0.02% |
+232,292
| New | +$29.8M |
|
287
Kanzhun
BZ
$7.35B
| $32.2M | 0.02% |
1,853,160
+686,245
| +59% | +$9.98M |
|
288
KE Holdings
BEKE
$18.9B
| $31.9M | 0.02% |
1,604,248
+24,166
| +2% | +$357K |
|
289
Warby Parker
WRBY
$3.67B
| $31.7M | 0.02% |
1,939,116
+232,530
| +14% | +$3.5M |
|
290
Chord Energy
CHRD
$7.71B
| $31.7M | 0.02% |
243,135
-122,275
| -33% | -$18.8M |
|
|
WAY
291
Waystar Holding Corp
WAY
$4.56B
| $31.5M | 0.02% |
1,129,164
+46,264
| +4% | +$1.14M |
|
292
IDEAYA Biosciences
IDYA
$3.48B
| $30.8M | 0.02% |
972,266
+561,404
| +137% | +$21.3M |
|
293
Fortive
FTV
$18.3B
| $30.8M | 0.02% |
517,424
-1,044,934
| -67% | -$57.5M |
|
294
Chefs' Warehouse
CHEF
$4.49B
| $30.7M | 0.02% |
729,646
-37,224
| -5% | -$1.5M |
|
295
AllianceBernstein
AB
$3.46B
| $30.6M | 0.02% |
878,323
+95,847
| +12% | +$3.27M |
|
|
LBPH
296
DELISTED
Longboard Pharmaceuticals, Inc. Common Stock
LBPH
| $30.6M | 0.02% |
917,528
-34,440
| -4% | -$1.19M |
|
297
Shake Shack
SHAK
$2.67B
| $30.4M | 0.02% |
294,111
+28,661
| +11% | +$2.76M |
|
298
Hudbay
HBM
$11B
| $30.3M | 0.02% |
3,298,814
+359,126
| +12% | +$2.9M |
|
299
Insulet
PODD
$11.6B
| $30.2M | 0.02% |
129,967
+69,180
| +114% | +$14.2M |
|
300
Prestige Consumer Healthcare
PBH
$2.46B
| $29.6M | 0.02% |
410,937
-15,378
| -4% | -$1.09M |
|
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.