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 | |
|---|---|---|---|---|---|---|
351
Howard Hughes
HHH
$3.92B
| $15.1M | 0.01% |
185,292
-300,099
| -62% | -$21.1M |
|
352
InMode
INMD
$874M
| $15.1M | 0.01% |
+679,015
| New | +$15.2M |
|
353
Lifestance Health
LFST
$3.96B
| $15.1M | 0.01% |
1,925,694
-120,664
| -6% | -$778K |
|
354
Microchip Technology
MCHP
$42.2B
| $14.9M | 0.01% |
+165,713
| New | +$13.5M |
|
355
Canadian National Railway
CNI
$77.1B
| $14.5M | 0.01% |
115,739
+33,308
| +40% | +$3.77M |
|
356
Hess Midstream
HESM
$5.15B
| $14.1M | 0.01% |
+446,832
| New | +$13.7M |
|
357
LiveRamp
RAMP
$2.3B
| $13.8M | 0.01% |
+363,641
| New | +$11.7M |
|
358
Concrete Pumping Holdings
BBCP
$491M
| $13.7M | 0.01% |
1,667,910
-154,915
| -8% | -$1.21M |
|
359
Dorman Products
DORM
$4.2B
| $13.7M | 0.01% |
163,680
-14,612
| -8% | -$1.09M |
|
360
Natera
NTRA
$39.3B
| $13.3M | 0.01% |
+212,811
| New | +$10.6M |
|
361
Energy Recovery
ERII
$457M
| $13.2M | 0.01% |
703,218
-818,677
| -54% | -$15.2M |
|
362
Immunovant
IMVT
$8.11B
| $13.2M | 0.01% |
313,205
+14
| +0% | +$515 |
|
363
BCE
BCE
$20.6B
| $13M | 0.01% |
329,765
-3,958
| -1% | -$153K |
|
364
Guardant Health
GH
$21.9B
| $13M | 0.01% |
479,846
-1,411,038
| -75% | -$37M |
|
365
Option Care Health
OPCH
$3.55B
| $12.9M | 0.01% |
383,755
-136,848
| -26% | -$4.21M |
|
366
New Fortress Energy
NFE
$95.4M
| $12.8M | 0.01% |
339,230
-1,980
| -0.6% | -$68.3K |
|
367
iShares Russell 1000 Growth ETF
IWF
$127B
| $12.7M | 0.01% |
168,064
+32,720
| +24% | +$2.31M |
|
368
Bunge Global
BG
$20.5B
| $12.5M | 0.01% |
123,966
+442
| +0.4% | +$46.3K |
|
369
BHP
BHP
$227B
| $12.4M | 0.01% |
+181,254
| New | +$10.9M |
|
370
MaxLinear
MXL
$6.12B
| $12.3M | 0.01% |
519,305
+88,616
| +21% | +$1.73M |
|
371
RBC Bearings
RBC
$18.1B
| $12.2M | 0.01% |
+42,745
| New | +$10.5M |
|
372
Warby Parker
WRBY
$3.59B
| $12M | 0.01% |
+853,441
| New | +$10.6M |
|
373
Citi Trends
CTRN
$606M
| $11.8M | 0.01% |
416,029
+39,751
| +11% | +$966K |
|
374
Antero Midstream
AM
$10B
| $11.7M | 0.01% |
937,261
-9,164
| -1% | -$116K |
|
375
Atlantic Union Bankshares
AUB
$6.11B
| $11.6M | 0.01% |
318,822
+67,331
| +27% | +$2.12M |
|
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.