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 | |
|---|---|---|---|---|---|---|
326
AllianceBernstein
AB
$3.47B
| $23.7M | 0.02% |
+681,053
| New | +$22.6M |
|
327
Pembina Pipeline
PBA
$27.4B
| $23.4M | 0.02% |
662,544
+33,495
| +5% | +$1.15M |
|
328
First Interstate BancSystem
FIBK
$3.7B
| $23.1M | 0.02% |
850,767
+74,434
| +10% | +$2.03M |
|
329
KE Holdings
BEKE
$18.7B
| $22.8M | 0.02% |
1,662,303
+88,376
| +6% | +$1.23M |
|
330
nVent Electric
NVT
$26.2B
| $22.8M | 0.02% |
+302,172
| New | +$19.4M |
|
|
BRDG
331
DELISTED
Bridge Investment Group
BRDG
| $22.3M | 0.01% |
3,261,218
+206,840
| +7% | +$1.72M |
|
332
Regal Rexnord
RRX
$12.2B
| $22.3M | 0.01% |
124,028
-90
| -0.1% | -$14K |
|
333
NewAmsterdam Pharma
NAMS
$3.21B
| $22M | 0.01% |
+930,851
| New | +$18.9M |
|
334
Lamb Weston
LW
$7.33B
| $22M | 0.01% |
206,234
-292,669
| -59% | -$30.5M |
|
335
SLB Ltd
SLB
$74.1B
| $21.8M | 0.01% |
397,383
-1,119,860
| -74% | -$56.5M |
|
|
SWAV
336
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $21.3M | 0.01% |
65,449
-35,102
| -35% | -$8.62M |
|
|
UMH
337
UMH Properties
UMH
$1.29B
| $21.2M | 0.01% |
1,305,618
+5,015
| +0.4% | +$76.8K |
|
338
Enbridge
ENB
$113B
| $20.9M | 0.01% |
577,420
-4,642
| -0.8% | -$165K |
|
339
Kanzhun
BZ
$7.23B
| $20.6M | 0.01% |
1,177,628
+82,287
| +8% | +$1.3M |
|
|
LBPH
340
DELISTED
Longboard Pharmaceuticals, Inc. Common Stock
LBPH
| $20.4M | 0.01% |
942,404
+461,576
| +96% | +$10.1M |
|
341
Apogee Therapeutics
APGE
$10.2B
| $20.1M | 0.01% |
302,892
+199,148
| +192% | +$8.69M |
|
|
GDEN
342
DELISTED
Golden Entertainment
GDEN
| $20.1M | 0.01% |
545,014
+130,204
| +31% | +$4.82M |
|
343
Texas Instruments
TXN
$254B
| $19.9M | 0.01% |
114,352
| – | – |
|
344
Hudbay
HBM
$11.5B
| $19.8M | 0.01% |
2,821,920
+1,357,241
| +93% | +$7.89M |
|
|
ROIC
345
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $19.6M | 0.01% |
1,527,273
-148,031
| -9% | -$1.97M |
|
346
Penumbra
PEN
$12.7B
| $19.4M | 0.01% |
87,139
+57,310
| +192% | +$14.2M |
|
347
Hamilton Lane
HLNE
$5.56B
| $19.1M | 0.01% |
169,553
+27,346
| +19% | +$3.09M |
|
|
ENLC
348
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $18.9M | 0.01% |
1,387,915
-1,328,206
| -49% | -$16.5M |
|
349
Canadian National Railway
CNI
$77.1B
| $18.7M | 0.01% |
141,943
+26,204
| +23% | +$3.35M |
|
350
Enterprise Financial Services Corp
EFSC
$2.42B
| $18.6M | 0.01% |
459,161
+47,905
| +12% | +$1.96M |
|
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.