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 | |
|---|---|---|---|---|---|---|
376
Texas Instruments
TXN
$246B
| $13.9M | 0.01% |
73,866
-1,748
| -2% | -$349K |
|
|
CDMO
377
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $13.8M | 0.01% |
+1,117,104
| New | +$12.8M |
|
378
Mineralys Therapeutics
MLYS
$2.27B
| $13.3M | 0.01% |
1,082,006
+385,726
| +55% | +$5.04M |
|
379
Elanco Animal Health
ELAN
$12.8B
| $13.3M | 0.01% |
1,095,710
+15,246
| +1% | +$199K |
|
380
Wolverine World Wide
WWW
$1.62B
| $13.1M | 0.01% |
592,144
-37,806
| -6% | -$759K |
|
381
Hilltop Holdings
HTH
$2.28B
| $13M | 0.01% |
454,929
+22,704
| +5% | +$709K |
|
382
KKR & Co
KKR
$95.7B
| $12.9M | 0.01% |
87,551
-6,198
| -7% | -$909K |
|
|
DOCU
383
DocuSign
DOCU
$10.5B
| $12.9M | 0.01% |
+143,394
| New | +$11.5M |
|
384
Toast
TOST
$19.6B
| $12.8M | 0.01% |
+352,048
| New | +$12.4M |
|
385
Pool Corp
POOL
$7.11B
| $12.7M | 0.01% |
+37,352
| New | +$13.6M |
|
386
GE Vernova
GEV
$271B
| $11.9M | 0.01% |
36,327
+26,029
| +253% | +$8.14M |
|
387
Microchip Technology
MCHP
$43.8B
| $11.7M | 0.01% |
203,167
-30,470
| -13% | -$2.09M |
|
388
Concrete Pumping Holdings
BBCP
$498M
| $11.5M | 0.01% |
1,722,754
+167,262
| +11% | +$1.03M |
|
389
Option Care Health
OPCH
$3.55B
| $11.4M | 0.01% |
493,363
+21,089
| +4% | +$533K |
|
390
Corning
GLW
$137B
| $11.4M | 0.01% |
239,889
-5,674
| -2% | -$269K |
|
391
California Resources
CRC
$4.66B
| $11.1M | 0.01% |
214,436
+63,338
| +42% | +$3.44M |
|
392
Ameris Bancorp
ABCB
$5.92B
| $10.9M | 0.01% |
+173,494
| New | +$11.4M |
|
393
Canadian Pacific Kansas City
CP
$79.7B
| $10.7M | 0.01% |
148,233
+114,633
| +341% | +$8.83M |
|
394
Valero Energy
VLO
$88.5B
| $10.5M | 0.01% |
86,056
-428
| -0.5% | -$57.3K |
|
395
Marcus & Millichap
MMI
$1.16B
| $10.1M | 0.01% |
264,435
+46,154
| +21% | +$1.81M |
|
396
CF Industries
CF
$18.2B
| $10M | 0.01% |
117,753
-659
| -0.6% | -$57K |
|
397
Sanofi
SNY
$102B
| $9.66M | 0.01% |
200,238
-1,704,207
| -89% | -$86.7M |
|
398
BJs Wholesale Club
BJ
$12.4B
| $9.14M | 0.01% |
102,256
-431,080
| -81% | -$39M |
|
399
Mirion Technologies
MIR
$3.9B
| $8.97M | 0.01% |
514,314
+48,761
| +10% | +$756K |
|
400
Inspire Medical Systems
INSP
$1.5B
| $8.82M | 0.01% |
+47,586
| New | +$9.24M |
|
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.