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 | |
|---|---|---|---|---|---|---|
351
WSFS Financial
WSFS
$4.23B
| $18.3M | 0.01% |
359,212
-132,559
| -27% | -$6.87M |
|
352
Evolent Health
EVH
$346M
| $18.3M | 0.01% |
646,806
+34,990
| +6% | +$902K |
|
353
Vertex
VERX
$1.91B
| $18.1M | 0.01% |
469,526
+124,169
| +36% | +$4.58M |
|
354
Descartes Systems
DSGX
$6.57B
| $17.7M | 0.01% |
172,213
-106,466
| -38% | -$10.6M |
|
355
Brunswick
BC
$5.43B
| $17.4M | 0.01% |
207,265
-416,983
| -67% | -$32.4M |
|
356
DT Midstream
DTM
$13.6B
| $17.2M | 0.01% |
219,065
+271
| +0.1% | +$20.2K |
|
|
GDEN
357
DELISTED
Golden Entertainment
GDEN
| $17.2M | 0.01% |
540,628
-16,470
| -3% | -$508K |
|
358
Twist Bioscience
TWST
$7.16B
| $17.1M | 0.01% |
377,894
+86,399
| +30% | +$4.11M |
|
359
NewAmsterdam Pharma
NAMS
$3.21B
| $16.9M | 0.01% |
1,020,278
+83,115
| +9% | +$1.44M |
|
360
Canadian National Railway
CNI
$77.1B
| $16.6M | 0.01% |
141,798
-3,295
| -2% | -$384K |
|
|
EXE
361
Expand Energy Corp
EXE
$21B
| $16.3M | 0.01% |
197,712
-2,003
| -1% | -$153K |
|
362
Procore
PCOR
$8.46B
| $16M | 0.01% |
259,604
-694,022
| -73% | -$42.6M |
|
363
Elanco Animal Health
ELAN
$13.1B
| $15.9M | 0.01% |
1,080,464
+448,368
| +71% | +$6.25M |
|
364
Crescent Energy
CRGY
$3.63B
| $15.7M | 0.01% |
1,430,964
+791,794
| +124% | +$9.05M |
|
365
Texas Instruments
TXN
$254B
| $15.6M | 0.01% |
75,614
| – | – |
|
366
Freeport-McMoran
FCX
$99.8B
| $15.6M | 0.01% |
312,201
+64,350
| +26% | +$2.9M |
|
367
Hess Midstream
HESM
$5.15B
| $15.4M | 0.01% |
436,276
| – | – |
|
368
Lifestance Health
LFST
$3.96B
| $15M | 0.01% |
2,136,942
+184,896
| +9% | +$1.11M |
|
369
Option Care Health
OPCH
$3.55B
| $14.8M | 0.01% |
472,274
+99,139
| +27% | +$3.04M |
|
370
PENN Entertainment
PENN
$2.63B
| $14.5M | 0.01% |
768,503
+391,640
| +104% | +$7.46M |
|
371
Hilltop Holdings
HTH
$2.28B
| $13.9M | 0.01% |
432,225
-184,975
| -30% | -$5.94M |
|
|
FL
372
DELISTED
Foot Locker
FL
| $13.2M | 0.01% |
509,424
-10,226
| -2% | -$283K |
|
373
Veracyte
VCYT
$3.71B
| $13.1M | 0.01% |
385,503
-15,581
| -4% | -$438K |
|
374
Corteva
CTVA
$52.5B
| $12.6M | 0.01% |
214,253
-146
| -0.1% | -$7.97K |
|
375
Renasant Corp
RNST
$4.03B
| $12.5M | 0.01% |
+385,039
| New | +$12.8M |
|
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.