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 | |
|---|---|---|---|---|---|---|
301
Chefs' Warehouse
CHEF
$4.43B
| $28.6M | 0.02% |
760,352
+16,104
| +2% | +$552K |
|
302
CONMED
CNMD
$1.48B
| $28M | 0.02% |
349,436
+4,321
| +1% | +$385K |
|
|
B
303
Barrick Mining
B
$68.8B
| $27.9M | 0.02% |
1,677,708
-133,660
| -7% | -$2.09M |
|
304
Prologis
PLD
$131B
| $27.9M | 0.02% |
214,199
-581
| -0.3% | -$75.9K |
|
305
Aptiv
APTV
$9.95B
| $27.7M | 0.02% |
347,705
-283,975
| -45% | -$22.9M |
|
306
Prestige Consumer Healthcare
PBH
$2.51B
| $27.3M | 0.02% |
376,668
-62,894
| -14% | -$4.21M |
|
307
Dorman Products
DORM
$4.23B
| $27.3M | 0.02% |
283,387
+119,707
| +73% | +$10.3M |
|
308
Lowe's Companies
LOW
$123B
| $27.3M | 0.02% |
107,146
-161,309
| -60% | -$37.1M |
|
309
BWX Technologies
BWXT
$15.4B
| $27.1M | 0.02% |
263,904
+15,654
| +6% | +$1.4M |
|
310
Hilltop Holdings
HTH
$2.28B
| $27M | 0.02% |
863,595
-184,316
| -18% | -$5.86M |
|
|
MRNS
311
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $26.8M | 0.02% |
2,965,883
+6,722
| +0.2% | +$65.3K |
|
312
Abbott
ABT
$183B
| $26.5M | 0.02% |
233,222
-166,885
| -42% | -$19.1M |
|
313
Service Corp International
SCI
$11.6B
| $26.5M | 0.02% |
357,075
+289,741
| +430% | +$20.4M |
|
314
Oracle
ORCL
$416B
| $26.2M | 0.02% |
208,587
+4,709
| +2% | +$539K |
|
315
Impinj
PI
$4.99B
| $25.7M | 0.02% |
+200,508
| New | +$21M |
|
316
Progressive
PGR
$124B
| $25.7M | 0.02% |
+124,469
| New | +$23.1M |
|
|
VRNA
317
DELISTED
Verona Pharma
VRNA
| $25.6M | 0.02% |
1,593,833
+8,448
| +0.5% | +$146K |
|
|
TRML
318
DELISTED
Tourmaline Bio
TRML
| $25.5M | 0.02% |
+1,115,251
| New | +$39.3M |
|
319
CDW
CDW
$17.9B
| $25.4M | 0.02% |
99,272
-9,304
| -9% | -$2.21M |
|
320
Five Below
FIVE
$12.4B
| $25.1M | 0.02% |
+138,459
| New | +$26.7M |
|
321
Utz Brands
UTZ
$1.25B
| $24.6M | 0.02% |
1,331,581
+175,956
| +15% | +$3.13M |
|
322
AvalonBay Communities
AVB
$27.1B
| $24.4M | 0.02% |
131,644
-11,393
| -8% | -$2.05M |
|
323
Ryan Specialty Holdings
RYAN
$5.83B
| $24.3M | 0.02% |
437,659
-337,174
| -44% | -$16.1M |
|
324
Xenon Pharmaceuticals
XENE
$6.22B
| $24.3M | 0.02% |
563,952
-2,444
| -0.4% | -$112K |
|
|
AVDX
325
DELISTED
AvidXchange
AVDX
| $23.8M | 0.02% |
+1,809,884
| New | +$21.7M |
|
Similar funds
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.