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 | |
|---|---|---|---|---|---|---|
301
Boot Barn
BOOT
$4.94B
| $29.6M | 0.02% |
177,099
-69,547
| -28% | -$9.56M |
|
|
TRML
302
DELISTED
Tourmaline Bio
TRML
| $29.6M | 0.02% |
1,151,973
+24,282
| +2% | +$405K |
|
303
TotalEnergies
TTE
$189B
| $29.5M | 0.02% |
456,738
+19,822
| +5% | +$1.35M |
|
|
BRKL
304
DELISTED
Brookline Bancorp
BRKL
| $29.3M | 0.02% |
2,908,477
-2,063,240
| -41% | -$20.3M |
|
305
Savara
SVRA
$1.11B
| $28.5M | 0.02% |
6,732,776
+1,001,296
| +17% | +$4.42M |
|
306
AvalonBay Communities
AVB
$27B
| $28.4M | 0.02% |
125,918
-10,485
| -8% | -$2.26M |
|
307
Kosmos Energy
KOS
$1.44B
| $27.7M | 0.02% |
6,868,689
+199,317
| +3% | +$971K |
|
308
Herc Holdings
HRI
$5.71B
| $27.5M | 0.02% |
172,613
-135,805
| -44% | -$19.2M |
|
309
JB Hunt Transport Services
JBHT
$25.8B
| $27.4M | 0.02% |
159,099
-18,352
| -10% | -$3.08M |
|
310
Utz Brands
UTZ
$1.25B
| $27.4M | 0.02% |
1,545,257
-541,421
| -26% | -$8.99M |
|
311
First Interstate BancSystem
FIBK
$3.73B
| $27.2M | 0.02% |
885,802
+322,578
| +57% | +$9.63M |
|
312
XP
XP
$8.77B
| $27.1M | 0.02% |
1,509,578
+687,587
| +84% | +$12.5M |
|
313
Riskified
RSKD
$696M
| $26.9M | 0.02% |
5,682,144
+573,596
| +11% | +$3.14M |
|
|
B
314
Barrick Mining
B
$64B
| $26.8M | 0.02% |
1,348,672
-251
| -0% | -$4.78K |
|
315
Bankunited
BKU
$3.46B
| $26.6M | 0.02% |
730,844
-695,791
| -49% | -$24.7M |
|
316
Cabaletta Bio
CABA
$452M
| $26.6M | 0.02% |
5,632,681
+86,214
| +2% | +$499K |
|
317
Prologis
PLD
$130B
| $26.5M | 0.02% |
209,829
-270,357
| -56% | -$33.5M |
|
|
MRX
318
Marex Group Limited Ordinary Shares
MRX
$4.61B
| $26.3M | 0.02% |
1,115,389
+518,538
| +87% | +$11.6M |
|
|
UMH
319
UMH Properties
UMH
$1.3B
| $25.9M | 0.02% |
1,317,275
-9,774
| -0.7% | -$182K |
|
320
iShares Russell 1000 Growth ETF
IWF
$127B
| $25M | 0.02% |
266,504
+141,156
| +113% | +$12.8M |
|
321
TC Energy
TRP
$68.1B
| $24.8M | 0.02% |
+521,905
| New | +$22.7M |
|
322
Maravai LifeSciences
MRVI
$948M
| $24.8M | 0.02% |
2,980,645
-1,574,052
| -35% | -$13.6M |
|
|
AAMI
323
Acadian Asset Management
AAMI
$3.28B
| $24.6M | 0.02% |
968,936
+195,417
| +25% | +$4.68M |
|
324
Cogent Communications
CCOI
$666M
| $24.3M | 0.02% |
319,598
-181,621
| -36% | -$12.5M |
|
325
Bloomin' Brands
BLMN
$764M
| $23.3M | 0.01% |
1,411,200
+59,418
| +4% | +$1.05M |
|
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.