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 |
Boeing
BA
|
+$788M |
| 2 |
Netflix
NFLX
|
+$687M |
| 3 |
UnitedHealth
UNH
|
+$638M |
| 4 |
Trade Desk
TTD
|
+$513M |
| 5 |
Home Depot
HD
|
+$374M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.12B |
| 2 |
Tesla
TSLA
|
+$717M |
| 3 |
Uber
UBER
|
+$656M |
| 4 |
argenx
ARGX
|
+$579M |
| 5 |
Eli Lilly
LLY
|
+$473M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.7% |
| 2 | Consumer Discretionary | 19.7% |
| 3 | Healthcare | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Marcus & Millichap
MMI
$1.17B
| $20.4M | 0.02% |
466,327
+243,281
| +109% | +$8.08M |
|
|
HRT
327
DELISTED
HireRight Holdings Corporation
HRT
| $20.3M | 0.02% |
1,510,826
-65,773
| -4% | -$744K |
|
328
Essent Group
ESNT
$6.14B
| $20.1M | 0.02% |
+381,067
| New | +$18.6M |
|
329
B2Gold
BTG
$5.18B
| $20M | 0.01% |
6,330,664
-1,818,007
| -22% | -$5.73M |
|
|
UMH
330
UMH Properties
UMH
$1.3B
| $19.9M | 0.01% |
1,300,603
-97,168
| -7% | -$1.4M |
|
331
SiteOne Landscape Supply
SITE
$4.42B
| $19.8M | 0.01% |
121,559
+12,442
| +11% | +$1.81M |
|
332
Texas Instruments
TXN
$259B
| $19.5M | 0.01% |
114,352
-8,090
| -7% | -$1.25M |
|
|
SWAV
333
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $19.2M | 0.01% |
100,551
+11,651
| +13% | +$2.2M |
|
334
BWX Technologies
BWXT
$15.8B
| $19M | 0.01% |
248,250
+48,170
| +24% | +$3.7M |
|
335
Deere & Co
DE
$167B
| $19M | 0.01% |
47,429
-57,906
| -55% | -$21.8M |
|
336
Paycom
PAYC
$8.17B
| $18.8M | 0.01% |
90,969
-191,850
| -68% | -$40.6M |
|
337
Utz Brands
UTZ
$1.25B
| $18.8M | 0.01% |
1,155,625
-488,098
| -30% | -$6.44M |
|
338
Flywire
FLYW
$2.13B
| $18.8M | 0.01% |
810,027
+792,863
| +4,619% | +$20M |
|
339
Urban Edge Properties
UE
$2.81B
| $18.5M | 0.01% |
+1,010,628
| New | +$16.6M |
|
340
Regal Rexnord
RRX
$14.6B
| $18.4M | 0.01% |
124,118
-202,557
| -62% | -$25.6M |
|
341
Enterprise Financial Services Corp
EFSC
$2.44B
| $18.4M | 0.01% |
411,256
+105,004
| +34% | +$4.1M |
|
342
Kanzhun
BZ
$7.35B
| $18.2M | 0.01% |
1,095,341
-137,811
| -11% | -$2.16M |
|
|
MORF
343
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $17.8M | 0.01% |
+616,950
| New | +$14.7M |
|
344
ON Semiconductor
ON
$31.4B
| $17.5M | 0.01% |
208,966
-97,439
| -32% | -$7.66M |
|
345
Kinetik
KNTK
$3.58B
| $16.9M | 0.01% |
505,611
-4,943
| -1% | -$173K |
|
|
GDEN
346
DELISTED
Golden Entertainment
GDEN
| $16.6M | 0.01% |
414,810
+25,355
| +7% | +$919K |
|
347
Hamilton Lane
HLNE
$5.61B
| $16.1M | 0.01% |
142,207
-6,774
| -5% | -$641K |
|
348
Tractor Supply
TSCO
$17.4B
| $15.8M | 0.01% |
367,140
-15,940
| -4% | -$651K |
|
349
Sunoco
SUN
$14B
| $15.4M | 0.01% |
+256,898
| New | +$13.7M |
|
|
EXE
350
Expand Energy Corp
EXE
$21.5B
| $15.2M | 0.01% |
197,552
-52,179
| -21% | -$4.28M |
|
Similar funds
Jennison Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Jennison Associates held 638 positions worth $134B, up 14% from $118B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2023 filing shows 77 new, 236 increased, 267 reduced and 55 closed positions. Its largest new stake was Boeing: 3,684,483 shares worth $960M. The largest sale was NVIDIA, an estimated $2.12B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q4 2023 buy was Boeing: 3,684,483 shares worth $960M.
- Jennison Associates added most to Netflix in Q4 2023, an estimated $687M increase.
- Jennison Associates's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $2.12B.
- Jennison Associates fully exited Ulta Beauty in Q4 2023, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 40% of its $134B portfolio in Q4 2023.
- Jennison Associates opened 77 new positions and closed 55 in Q4 2023.
- Jennison Associates's portfolio value rose 14% quarter-over-quarter to $134B.
Based on Jennison Associates's 13F filing for Q4 2023, filed 1 Feb 2024.