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 | |
|---|---|---|---|---|---|---|
326
Aptiv
APTV
$10.1B
| $23.1M | 0.01% |
321,358
+473
| +0.1% | +$33K |
|
327
Enbridge
ENB
$117B
| $23M | 0.01% |
565,457
| – | – |
|
328
Xenon Pharmaceuticals
XENE
$6.19B
| $22.7M | 0.01% |
576,661
+6,389
| +1% | +$258K |
|
329
Enterprise Financial Services Corp
EFSC
$2.44B
| $22.6M | 0.01% |
441,630
-20,408
| -4% | -$1M |
|
|
MOFG
330
DELISTED
MidWestOne Financial Group
MOFG
| $22.2M | 0.01% |
+777,653
| New | +$21.1M |
|
|
AZEK
331
DELISTED
The AZEK Co
AZEK
| $22.2M | 0.01% |
474,056
-435,428
| -48% | -$18.7M |
|
332
LPL Financial
LPLA
$27.9B
| $22.1M | 0.01% |
94,850
+29,895
| +46% | +$6.74M |
|
333
Element Solutions
ESI
$9.48B
| $21.9M | 0.01% |
+805,912
| New | +$21.1M |
|
334
Molina Healthcare
MOH
$9.99B
| $21.8M | 0.01% |
63,402
-191,261
| -75% | -$63.1M |
|
335
Hamilton Lane
HLNE
$5.61B
| $21.8M | 0.01% |
129,597
-42,755
| -25% | -$6.19M |
|
336
Regal Rexnord
RRX
$14.6B
| $21.8M | 0.01% |
131,255
+5,942
| +5% | +$918K |
|
337
Kinetik
KNTK
$3.58B
| $21.7M | 0.01% |
479,703
+642
| +0.1% | +$27.8K |
|
338
AppFolio
APPF
$7.07B
| $21M | 0.01% |
89,417
+3,943
| +5% | +$923K |
|
339
PTC
PTC
$15.4B
| $20.9M | 0.01% |
115,870
-43,144
| -27% | -$7.58M |
|
340
Amphenol
APH
$211B
| $20.4M | 0.01% |
313,669
-176,867
| -36% | -$11.5M |
|
341
First Bancorp
FBNC
$2.71B
| $20.4M | 0.01% |
490,267
-12,421
| -2% | -$494K |
|
342
Atlantic Union Bankshares
AUB
$6.16B
| $20.2M | 0.01% |
536,814
+93,664
| +21% | +$3.52M |
|
343
Vera Therapeutics
VERA
$2.15B
| $19.8M | 0.01% |
447,098
+5,936
| +1% | +$225K |
|
344
Icon
ICLR
$12.1B
| $19.7M | 0.01% |
68,740
-6,917
| -9% | -$2.18M |
|
|
ENLC
345
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $19.7M | 0.01% |
1,355,126
| – | – |
|
346
Pembina Pipeline
PBA
$28.1B
| $19.2M | 0.01% |
466,303
-177,965
| -28% | -$6.96M |
|
347
NeoGenomics
NEO
$2.09B
| $18.8M | 0.01% |
1,276,468
+57,041
| +5% | +$893K |
|
348
Microchip Technology
MCHP
$43.8B
| $18.8M | 0.01% |
233,637
-420,643
| -64% | -$34.7M |
|
349
Northern Oil and Gas
NOG
$2.22B
| $18.5M | 0.01% |
521,115
+192,539
| +59% | +$7.35M |
|
350
Apogee Therapeutics
APGE
$10.1B
| $18.4M | 0.01% |
312,611
+6,533
| +2% | +$313K |
|
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.