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 | |
|---|---|---|---|---|---|---|
301
Descartes Systems
DSGX
$6.44B
| $27M | 0.02% |
278,679
-37,034
| -12% | -$3.48M |
|
302
Hudbay
HBM
$10.1B
| $26.6M | 0.02% |
2,939,688
+117,768
| +4% | +$1.02M |
|
303
AllianceBernstein
AB
$3.43B
| $26.4M | 0.02% |
782,476
+101,423
| +15% | +$3.39M |
|
|
AMK
304
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $26.4M | 0.02% |
764,750
-1,109,923
| -59% | -$38.2M |
|
305
Bloomin' Brands
BLMN
$741M
| $26M | 0.02% |
1,351,782
-29,763
| -2% | -$698K |
|
|
LBPH
306
DELISTED
Longboard Pharmaceuticals, Inc. Common Stock
LBPH
| $25.7M | 0.02% |
951,968
+9,564
| +1% | +$189K |
|
|
BRDG
307
DELISTED
Bridge Investment Group
BRDG
| $24.5M | 0.02% |
3,296,103
+34,885
| +1% | +$250K |
|
308
Pembina Pipeline
PBA
$28.4B
| $23.9M | 0.02% |
644,268
-18,276
| -3% | -$661K |
|
309
Shake Shack
SHAK
$2.53B
| $23.9M | 0.02% |
265,450
+108,139
| +69% | +$10.6M |
|
310
Icon
ICLR
$12.6B
| $23.7M | 0.02% |
+75,657
| New | +$23.7M |
|
|
WAY
311
Waystar Holding Corp
WAY
$4.05B
| $23.3M | 0.01% |
+1,082,900
| New | +$23.5M |
|
312
WSFS Financial
WSFS
$4.12B
| $23.1M | 0.01% |
491,771
+145,544
| +42% | +$6.44M |
|
313
Savara
SVRA
$1.12B
| $23.1M | 0.01% |
5,731,480
-3,110,491
| -35% | -$13.8M |
|
314
Aptiv
APTV
$12B
| $22.6M | 0.01% |
320,885
-26,820
| -8% | -$2.06M |
|
|
B
315
Barrick Mining
B
$61.5B
| $22.5M | 0.01% |
1,348,923
-328,785
| -20% | -$5.58M |
|
316
KE Holdings
BEKE
$18.7B
| $22.4M | 0.01% |
1,580,082
-82,221
| -5% | -$1.29M |
|
317
Xenon Pharmaceuticals
XENE
$6.06B
| $22.2M | 0.01% |
570,272
+6,320
| +1% | +$253K |
|
318
CDW
CDW
$18.9B
| $22.1M | 0.01% |
98,654
-618
| -0.6% | -$143K |
|
319
Kanzhun
BZ
$7.27B
| $21.9M | 0.01% |
1,166,915
-10,713
| -0.9% | -$216K |
|
320
Hamilton Lane
HLNE
$4.91B
| $21.3M | 0.01% |
172,352
+2,799
| +2% | +$327K |
|
|
UMH
321
UMH Properties
UMH
$1.29B
| $21.2M | 0.01% |
1,327,049
+21,431
| +2% | +$334K |
|
322
AppFolio
APPF
$6.38B
| $20.9M | 0.01% |
85,474
+16,999
| +25% | +$3.96M |
|
323
Steris
STE
$22.3B
| $20.7M | 0.01% |
94,388
-36,314
| -28% | -$7.89M |
|
324
Illumina
ILMN
$31B
| $20.7M | 0.01% |
198,399
-147,955
| -43% | -$16.6M |
|
325
Tencent Music
TME
$15.5B
| $20.5M | 0.01% |
+1,459,176
| New | +$19.6M |
|
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.