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 | |
|---|---|---|---|---|---|---|
351
Pinduoduo
PDD
$129B
| $18.4M | 0.01% |
158,092
-22,711
| -13% | -$2.98M |
|
|
EXE
352
Expand Energy Corp
EXE
$21.3B
| $17.8M | 0.01% |
200,083
+2,531
| +1% | +$203K |
|
353
Phathom Pharmaceuticals
PHAT
$679M
| $17.5M | 0.01% |
+1,647,697
| New | +$14M |
|
|
AAMI
354
Acadian Asset Management
AAMI
$3.26B
| $17.3M | 0.01% |
759,391
+172,318
| +29% | +$3.71M |
|
355
Kymera Therapeutics
KYMR
$8.75B
| $17.1M | 0.01% |
+425,920
| New | +$15.2M |
|
356
AppFolio
APPF
$6.87B
| $16.9M | 0.01% |
68,475
+65,512
| +2,211% | +$14.1M |
|
357
NeoGenomics
NEO
$2B
| $16.5M | 0.01% |
1,051,627
+460,071
| +78% | +$7.1M |
|
|
NARI
358
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $16.5M | 0.01% |
343,439
-100,070
| -23% | -$5.35M |
|
359
Expro Ltd
XPRO
$1.91B
| $16.4M | 0.01% |
822,249
+463,584
| +129% | +$8.32M |
|
360
Shake Shack
SHAK
$2.83B
| $16.4M | 0.01% |
+157,311
| New | +$13.8M |
|
361
SiTime
SITM
$20.6B
| $16.3M | 0.01% |
175,272
+1,502
| +0.9% | +$158K |
|
362
Hess Midstream
HESM
$5.13B
| $16.1M | 0.01% |
446,832
| – | – |
|
363
Gates Industrial Corporation Ltd.
GTES
$7.24B
| $15.8M | 0.01% |
+891,671
| New | +$12.9M |
|
364
Clear Secure
YOU
$5.34B
| $15.7M | 0.01% |
739,948
-1,042,445
| -58% | -$20.7M |
|
365
WSFS Financial
WSFS
$4.2B
| $15.6M | 0.01% |
346,227
-186,833
| -35% | -$8.13M |
|
366
Kinetik
KNTK
$3.69B
| $15.4M | 0.01% |
387,462
-118,149
| -23% | -$4.05M |
|
367
Marathon Petroleum
MPC
$84B
| $15.4M | 0.01% |
+76,423
| New | +$13.1M |
|
368
Heritage Financial
HFWA
$1.21B
| $14.6M | 0.01% |
+753,570
| New | +$14.5M |
|
369
Biohaven
BHVN
$2.17B
| $14.5M | 0.01% |
265,819
-572
| -0.2% | -$28.3K |
|
370
Tractor Supply
TSCO
$17.9B
| $14M | 0.01% |
268,040
-99,100
| -27% | -$4.74M |
|
371
Fastly Inc
FSLY
$3.55B
| $13.7M | 0.01% |
+1,058,111
| New | +$17.9M |
|
372
Insulet
PODD
$9.65B
| $13.7M | 0.01% |
79,987
-127,532
| -61% | -$23.8M |
|
373
Marcus & Millichap
MMI
$1.2B
| $13.6M | 0.01% |
398,653
-67,674
| -15% | -$2.48M |
|
374
Warby Parker
WRBY
$3.31B
| $13.6M | 0.01% |
1,000,138
+146,697
| +17% | +$1.95M |
|
375
James Hardie Industries
JHX
$16.2B
| $13.6M | 0.01% |
335,239
+218,033
| +186% | +$8.39M |
|
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.