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 | |
|---|---|---|---|---|---|---|
276
Construction Partners
ROAD
$6.03B
| $34.5M | 0.02% |
390,484
-112,501
| -22% | -$9.79M |
|
277
Vera Therapeutics
VERA
$2.15B
| $34.4M | 0.02% |
813,861
+366,763
| +82% | +$16.2M |
|
278
Century Communities
CCS
$2B
| $34.2M | 0.02% |
465,666
-78,741
| -14% | -$7.02M |
|
279
Western Alliance Bancorporation
WAL
$9.2B
| $33.6M | 0.02% |
402,543
-230,620
| -36% | -$20.3M |
|
280
Element Solutions
ESI
$9.48B
| $33.5M | 0.02% |
1,316,244
+510,332
| +63% | +$13.8M |
|
281
Cactus
WHD
$5.39B
| $33.3M | 0.02% |
569,749
-73,046
| -11% | -$4.58M |
|
282
Veracyte
VCYT
$3.73B
| $33M | 0.02% |
833,754
+448,251
| +116% | +$17M |
|
283
Alliant Energy
LNT
$18.3B
| $32.2M | 0.02% |
+544,897
| New | +$32.9M |
|
284
Impinj
PI
$5.12B
| $32.2M | 0.02% |
221,788
-17,352
| -7% | -$3.29M |
|
285
Tencent Music
TME
$15.8B
| $32.2M | 0.02% |
2,833,838
+14,971
| +0.5% | +$178K |
|
286
Pinnacle West Capital
PNW
$12.3B
| $32.1M | 0.02% |
+378,411
| New | +$33.6M |
|
287
Enterprise Financial Services Corp
EFSC
$2.44B
| $32M | 0.02% |
566,780
+125,150
| +28% | +$7M |
|
288
Atmos Energy
ATO
$28.8B
| $31.9M | 0.02% |
229,307
-2,985
| -1% | -$425K |
|
289
Twist Bioscience
TWST
$6.19B
| $31.6M | 0.02% |
680,778
+302,884
| +80% | +$13.7M |
|
290
Herc Holdings
HRI
$5.71B
| $31.6M | 0.02% |
166,834
-5,779
| -3% | -$1.17M |
|
291
Xenon Pharmaceuticals
XENE
$6.19B
| $31.4M | 0.02% |
801,553
+224,892
| +39% | +$9.3M |
|
|
BPMC
292
DELISTED
Blueprint Medicines
BPMC
| $31.4M | 0.02% |
+360,208
| New | +$33M |
|
|
AAMI
293
Acadian Asset Management
AAMI
$3.28B
| $31.2M | 0.02% |
1,182,964
+214,028
| +22% | +$6M |
|
294
JB Hunt Transport Services
JBHT
$25.8B
| $31M | 0.02% |
181,550
+22,451
| +14% | +$4.01M |
|
295
Diamondback Energy
FANG
$54B
| $30.5M | 0.02% |
185,953
-119,990
| -39% | -$21.1M |
|
296
Xylem
XYL
$28.5B
| $30.2M | 0.02% |
260,386
-56,905
| -18% | -$7.19M |
|
297
iShares Russell 1000 Growth ETF
IWF
$127B
| $29.9M | 0.02% |
297,380
+30,876
| +12% | +$3.04M |
|
298
Coherent
COHR
$63.3B
| $29.4M | 0.02% |
310,856
-92,062
| -23% | -$9.21M |
|
299
Verizon
VZ
$195B
| $29.4M | 0.02% |
734,537
+3,319
| +0.5% | +$140K |
|
300
Fortive
FTV
$18.3B
| $29.4M | 0.02% |
519,474
+2,050
| +0.4% | +$118K |
|
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.