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 | |
|---|---|---|---|---|---|---|
376
KKR & Co
KKR
$94.5B
| $12.2M | 0.01% |
93,749
-7,031
| -7% | -$832K |
|
377
WillScot Mobile Mini Holdings
WSC
$4.83B
| $12.2M | 0.01% |
323,884
-833,944
| -72% | -$31.8M |
|
378
First Solar
FSLR
$25.3B
| $12M | 0.01% |
48,289
+11,894
| +33% | +$2.68M |
|
|
AVDX
379
DELISTED
AvidXchange
AVDX
| $11.7M | 0.01% |
1,442,665
-957,597
| -40% | -$9.02M |
|
380
Valero Energy
VLO
$87.3B
| $11.7M | 0.01% |
86,484
-171,355
| -66% | -$24.9M |
|
381
Cenovus Energy
CVE
$51.8B
| $11.3M | 0.01% |
+676,981
| New | +$12.6M |
|
382
BCE
BCE
$20.3B
| $11.2M | 0.01% |
321,757
| – | – |
|
383
Corning
GLW
$137B
| $11.1M | 0.01% |
245,563
| – | – |
|
384
Houlihan Lokey
HLI
$8.95B
| $11M | 0.01% |
69,689
-55,865
| -44% | -$8.35M |
|
385
Wolverine World Wide
WWW
$1.6B
| $11M | 0.01% |
+629,950
| New | +$8.72M |
|
386
American Tower
AMT
$77.9B
| $10.6M | 0.01% |
45,720
+687
| +2% | +$152K |
|
387
Ameresco
AMRC
$1.43B
| $10.6M | 0.01% |
278,675
+390
| +0.1% | +$12.1K |
|
388
Ferrovial N.V. Ordinary Shares
FER
$48.1B
| $10.5M | 0.01% |
247,360
+50,782
| +26% | +$2.07M |
|
389
State Street SPDR S&P Metals & Mining ETF
XME
$4.26B
| $10.4M | 0.01% |
163,101
-974
| -0.6% | -$58.3K |
|
390
CF Industries
CF
$18B
| $10.2M | 0.01% |
118,412
+20,941
| +21% | +$1.62M |
|
|
GTLS
391
DELISTED
Chart Industries
GTLS
| $9.73M | 0.01% |
78,341
-372
| -0.5% | -$48.8K |
|
392
Alto Neuroscience
ANRO
$1.09B
| $9.52M | 0.01% |
832,290
+370,612
| +80% | +$4.54M |
|
393
Kodiak Gas Services
KGS
$5.89B
| $9.43M | 0.01% |
325,044
| – | – |
|
394
Concrete Pumping Holdings
BBCP
$492M
| $9.01M | 0.01% |
1,555,492
-104,625
| -6% | -$639K |
|
395
AnaptysBio
ANAB
$1.64B
| $8.87M | 0.01% |
+264,889
| New | +$9.05M |
|
396
nCino
NCNO
$2.11B
| $8.73M | 0.01% |
+276,461
| New | +$8.75M |
|
397
Marcus & Millichap
MMI
$1.17B
| $8.65M | 0.01% |
218,281
-183,249
| -46% | -$6.91M |
|
398
Dow Inc
DOW
$21.5B
| $8.48M | 0.01% |
155,193
-2
| -0% | -$106 |
|
399
Progyny
PGNY
$2.49B
| $8.45M | 0.01% |
503,972
-663,990
| -57% | -$15.9M |
|
400
Mineralys Therapeutics
MLYS
$2.36B
| $8.43M | 0.01% |
696,280
+13,023
| +2% | +$158K |
|
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.