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 | |
|---|---|---|---|---|---|---|
376
Concrete Pumping Holdings
BBCP
$491M
| $13.1M | 0.01% |
1,657,165
-10,745
| -0.6% | -$85.5K |
|
377
Howard Hughes
HHH
$3.92B
| $13M | 0.01% |
187,813
+2,521
| +1% | +$187K |
|
|
GTLS
378
DELISTED
Chart Industries
GTLS
| $13M | 0.01% |
78,778
+394
| +0.5% | +$52.9K |
|
379
Vesta Real Estate
VTMX
$3.12B
| $12.9M | 0.01% |
329,780
+164,311
| +99% | +$6.14M |
|
|
HES
380
DELISTED
Hess
HES
| $12.9M | 0.01% |
84,394
-190,999
| -69% | -$27.7M |
|
381
Option Care Health
OPCH
$3.55B
| $12.8M | 0.01% |
382,569
-1,186
| -0.3% | -$38.4K |
|
382
Corteva
CTVA
$52.5B
| $12.4M | 0.01% |
214,202
+4,148
| +2% | +$214K |
|
383
Sunoco
SUN
$13.8B
| $12.2M | 0.01% |
202,965
-53,933
| -21% | -$3.26M |
|
384
Disc Medicine
IRON
$3.03B
| $12M | 0.01% |
193,240
+150,209
| +349% | +$9.74M |
|
385
Lifestance Health
LFST
$3.96B
| $12M | 0.01% |
1,938,323
+12,629
| +0.7% | +$85.1K |
|
386
RBC Bearings
RBC
$18.1B
| $11.7M | 0.01% |
43,294
+549
| +1% | +$148K |
|
387
Freeport-McMoran
FCX
$97.1B
| $11.6M | 0.01% |
247,106
-492
| -0.2% | -$19.9K |
|
388
Astera Labs
ALAB
$54.6B
| $11.3M | 0.01% |
+152,086
| New | +$11.3M |
|
389
IDEAYA Biosciences
IDYA
$3.47B
| $11.2M | 0.01% |
+256,249
| New | +$11M |
|
390
Atlantic Union Bankshares
AUB
$6.11B
| $11.2M | 0.01% |
318,105
-717
| -0.2% | -$24.6K |
|
391
BCE
BCE
$20.6B
| $11.2M | 0.01% |
328,593
-1,172
| -0.4% | -$44.6K |
|
392
iShares Russell 1000 Growth ETF
IWF
$127B
| $10.9M | 0.01% |
129,496
-38,568
| -23% | -$3.11M |
|
|
NS
393
DELISTED
NuStar Energy L.P.
NS
| $10.6M | 0.01% |
454,842
| – | – |
|
394
BHP
BHP
$227B
| $10.4M | 0.01% |
179,970
-1,284
| -0.7% | -$76.8K |
|
395
KKR & Co
KKR
$94.9B
| $10.1M | 0.01% |
100,888
-239,994
| -70% | -$22.1M |
|
396
Citi Trends
CTRN
$606M
| $10.1M | 0.01% |
373,406
-42,623
| -10% | -$1.23M |
|
397
Guardant Health
GH
$21.9B
| $10.1M | 0.01% |
489,657
+9,811
| +2% | +$210K |
|
398
MaxLinear
MXL
$6.12B
| $9.96M | 0.01% |
533,416
+14,111
| +3% | +$282K |
|
|
EMBJ
399
Embraer S.A. ADS
EMBJ
$13B
| $9.82M | 0.01% |
+368,537
| New | +$7.32M |
|
400
Unilever
UL
$139B
| $9.68M | 0.01% |
171,428
+24,058
| +16% | +$1.33M |
|
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.