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 |
Spotify
SPOT
|
+$1.28B |
| 2 |
Walmart Inc
WMT
|
+$595M |
| 3 |
TSMC
TSM
|
+$567M |
| 4 |
Boeing
BA
|
+$565M |
| 5 |
Edwards Lifesciences
EW
|
+$526M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$1.78B |
| 2 |
Mercado Libre
MELI
|
+$1.44B |
| 3 |
ASML
ASML
|
+$1.05B |
| 4 |
Broadcom
AVGO
|
+$878M |
| 5 |
MongoDB
MDB
|
+$871M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.73% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 16.04% |
| 4 | Healthcare | 8.87% |
| 5 | Financials | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Vertex
VERX
$2B
| $24.3M | 0.01% |
455,028
-14,498
| -3% | -$703K |
|
|
MOFG
327
DELISTED
MidWestOne Financial Group
MOFG
| $24M | 0.01% |
825,632
+47,979
| +6% | +$1.47M |
|
328
Cogent Communications
CCOI
$666M
| $23.8M | 0.01% |
308,560
-11,038
| -3% | -$880K |
|
329
Utz Brands
UTZ
$1.25B
| $23.5M | 0.01% |
1,498,395
-46,862
| -3% | -$792K |
|
|
EXE
330
Expand Energy Corp
EXE
$21.5B
| $23.3M | 0.01% |
234,452
+36,740
| +19% | +$3.39M |
|
331
Atlantic Union Bankshares
AUB
$6.16B
| $23.1M | 0.01% |
610,694
+73,880
| +14% | +$2.93M |
|
332
DT Midstream
DTM
$13.8B
| $23.1M | 0.01% |
232,217
+13,152
| +6% | +$1.25M |
|
|
SARO
333
StandardAero Inc
SARO
$10.2B
| $23.1M | 0.01% |
+931,482
| New | +$27M |
|
334
EQT Corp
EQT
$33B
| $23M | 0.01% |
+498,105
| New | +$20.5M |
|
335
Prestige Consumer Healthcare
PBH
$2.46B
| $22.9M | 0.01% |
293,588
-117,349
| -29% | -$9.11M |
|
336
iShares MSCI ACWI ex US ETF
ACWX
$11.7B
| $22.9M | 0.01% |
438,605
+313,156
| +250% | +$17.1M |
|
337
Pembina Pipeline
PBA
$28.1B
| $22.8M | 0.01% |
616,992
+150,689
| +32% | +$6.14M |
|
338
Tetra Tech
TTEK
$8.97B
| $22.7M | 0.01% |
+568,589
| New | +$25.5M |
|
339
TC Energy
TRP
$68.1B
| $22.6M | 0.01% |
485,187
-36,718
| -7% | -$1.74M |
|
|
AVDX
340
DELISTED
AvidXchange
AVDX
| $22.5M | 0.01% |
2,176,525
+733,860
| +51% | +$7.16M |
|
341
Monolithic Power Systems
MPWR
$65.6B
| $22.5M | 0.01% |
38,011
-63,907
| -63% | -$46.3M |
|
342
Hasbro
HAS
$12.9B
| $22.4M | 0.01% |
400,818
+360,039
| +883% | +$23.5M |
|
343
Align Technology
ALGN
$12.4B
| $22.1M | 0.01% |
+106,159
| New | +$23.7M |
|
344
Hess Midstream
HESM
$5.17B
| $21.8M | 0.01% |
587,496
+151,220
| +35% | +$5.44M |
|
345
Stevanato
STVN
$5.36B
| $20.2M | 0.01% |
+928,826
| New | +$18.6M |
|
346
Bankunited
BKU
$3.46B
| $20.1M | 0.01% |
526,667
-204,177
| -28% | -$7.86M |
|
347
Enterprise Products Partners
EPD
$82.5B
| $20.1M | 0.01% |
640,702
-1,349,462
| -68% | -$41.5M |
|
348
Descartes Systems
DSGX
$6.63B
| $19.9M | 0.01% |
175,415
+3,202
| +2% | +$357K |
|
349
First Bancorp
FBNC
$2.71B
| $19.6M | 0.01% |
446,357
-43,910
| -9% | -$1.96M |
|
350
Northern Oil and Gas
NOG
$2.22B
| $19.5M | 0.01% |
524,545
+3,430
| +0.7% | +$134K |
|
Similar funds
Jennison Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Jennison Associates held 642 positions worth $165B, up 2.2% from $161B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $6.01B in Q4 2024, closing 70 positions and reducing 253 holdings. Its most notable exit was Centene, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in Spotify worth $1.34B.
- Jennison Associates's largest Q4 2024 buy was Spotify: 2,985,326 shares worth $1.34B.
- Jennison Associates added most to Walmart Inc in Q4 2024, an estimated $595M increase.
- Jennison Associates's biggest Q4 2024 reduction was Eli Lilly, cutting an estimated $1.78B.
- Jennison Associates fully exited Centene in Q4 2024, selling an estimated $129M.
- Jennison Associates's ten largest holdings make up 47% of its $165B portfolio in Q4 2024.
- Jennison Associates opened 84 new positions and closed 70 in Q4 2024.
- Jennison Associates's portfolio value rose 2.2% quarter-over-quarter to $165B.
Based on Jennison Associates's 13F filing for Q4 2024, filed 24 Jan 2025.