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 | |
|---|---|---|---|---|---|---|
351
Teledyne Technologies
TDY
$31.7B
| $19.3M | 0.01% |
+41,605
| New | +$19.4M |
|
352
nCino
NCNO
$2.11B
| $19.2M | 0.01% |
573,092
+296,631
| +107% | +$11M |
|
353
Kinetik
KNTK
$3.56B
| $18.8M | 0.01% |
332,320
-147,383
| -31% | -$7.97M |
|
354
Five Below
FIVE
$12.4B
| $17.8M | 0.01% |
+169,164
| New | +$16.2M |
|
|
GTLS
355
DELISTED
Chart Industries
GTLS
| $17.7M | 0.01% |
92,776
+14,435
| +18% | +$2.32M |
|
356
Darling Ingredients
DAR
$9.19B
| $17.4M | 0.01% |
517,890
-575,626
| -53% | -$21.8M |
|
|
TRML
357
DELISTED
Tourmaline Bio
TRML
| $17.2M | 0.01% |
845,800
-306,173
| -27% | -$7.71M |
|
|
GDEN
358
DELISTED
Golden Entertainment
GDEN
| $16.8M | 0.01% |
530,129
-10,499
| -2% | -$333K |
|
359
Maravai LifeSciences
MRVI
$946M
| $16.3M | 0.01% |
2,990,414
+9,769
| +0.3% | +$62.9K |
|
|
SOBO
360
South Bow Corp
SOBO
$7.4B
| $16M | 0.01% |
+676,968
| New | +$16.6M |
|
361
Kosmos Energy
KOS
$1.4B
| $15.7M | 0.01% |
4,576,188
-2,292,501
| -33% | -$8.72M |
|
362
iShares MSCI ACWI ETF
ACWI
$33.4B
| $15.6M | 0.01% |
133,038
+76,240
| +134% | +$9.15M |
|
363
Antero Midstream
AM
$10B
| $15.6M | 0.01% |
1,031,526
+579,191
| +128% | +$8.82M |
|
364
Canadian National Railway
CNI
$77.1B
| $15.5M | 0.01% |
152,814
+11,016
| +8% | +$1.2M |
|
365
PENN Entertainment
PENN
$2.63B
| $15.3M | 0.01% |
770,028
+1,525
| +0.2% | +$30K |
|
366
Ferrovial N.V. Ordinary Shares
FER
$48B
| $15.2M | 0.01% |
364,595
+117,235
| +47% | +$4.77M |
|
367
AppFolio
APPF
$6.84B
| $14.9M | 0.01% |
60,586
-28,831
| -32% | -$6.75M |
|
368
TotalEnergies
TTE
$188B
| $14.9M | 0.01% |
273,445
-183,293
| -40% | -$11.1M |
|
369
Travere Therapeutics
TVTX
$5.84B
| $14.2M | 0.01% |
+816,399
| New | +$14.4M |
|
370
Apogee Therapeutics
APGE
$10.2B
| $14.2M | 0.01% |
312,391
-220
| -0.1% | -$11.2K |
|
371
CVS Health
CVS
$126B
| $14.1M | 0.01% |
+314,084
| New | +$17.6M |
|
372
RBC Bearings
RBC
$18.1B
| $13.9M | 0.01% |
46,592
-71,648
| -61% | -$22.1M |
|
|
FL
373
DELISTED
Foot Locker
FL
| $13.9M | 0.01% |
640,351
+130,927
| +26% | +$3.06M |
|
374
Corteva
CTVA
$52.5B
| $13.9M | 0.01% |
244,408
+30,155
| +14% | +$1.78M |
|
|
PCG.PRX
375
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.36B
| $13.9M | 0.01% |
+279,165
| New | +$13.8M |
|
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.