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 |
Boeing
BA
|
+$788M |
| 2 |
Netflix
NFLX
|
+$687M |
| 3 |
UnitedHealth
UNH
|
+$638M |
| 4 |
Trade Desk
TTD
|
+$513M |
| 5 |
Home Depot
HD
|
+$374M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.12B |
| 2 |
Tesla
TSLA
|
+$717M |
| 3 |
Uber
UBER
|
+$656M |
| 4 |
argenx
ARGX
|
+$579M |
| 5 |
Eli Lilly
LLY
|
+$473M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.7% |
| 2 | Consumer Discretionary | 19.7% |
| 3 | Healthcare | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Hudbay
HBM
$11B
| $8.06M | 0.01% |
1,464,679
+140,312
| +11% | +$658K |
|
402
Unilever
UL
$138B
| $8.04M | 0.01% |
+147,370
| New | +$7.95M |
|
403
Sanofi
SNY
$102B
| $7.93M | 0.01% |
+159,507
| New | +$7.8M |
|
404
Riskified
RSKD
$696M
| $7.84M | 0.01% |
1,674,773
-67,338
| -4% | -$276K |
|
405
Dow Inc
DOW
$21.9B
| $7.82M | 0.01% |
142,646
-1,899
| -1% | -$97K |
|
406
Corning
GLW
$137B
| $7.64M | 0.01% |
250,758
-3,338
| -1% | -$95.4K |
|
407
CF Industries
CF
$18.1B
| $7.61M | 0.01% |
95,783
-1,262
| -1% | -$100K |
|
408
State Street SPDR S&P Metals & Mining ETF
XME
$4.12B
| $7.56M | 0.01% |
126,318
-14,145
| -10% | -$749K |
|
409
Integra LifeSciences
IART
$1.39B
| $7.53M | 0.01% |
172,917
-14,414
| -8% | -$567K |
|
410
Penumbra
PEN
$12.8B
| $7.5M | 0.01% |
+29,829
| New | +$6.59M |
|
411
Core & Main
CNM
$8.67B
| $7.25M | 0.01% |
179,419
-22,059
| -11% | -$747K |
|
412
Corpay
CPAY
$25.9B
| $7.17M | 0.01% |
25,364
+1,492
| +6% | +$371K |
|
413
Ameresco
AMRC
$1.48B
| $6.92M | 0.01% |
218,374
-2,121
| -1% | -$63.9K |
|
414
Vesta Real Estate
VTMX
$3.17B
| $6.56M | ﹤0.01% |
165,469
-20,809
| -11% | -$729K |
|
415
National Grid
NGG
$80.9B
| $6.12M | ﹤0.01% |
+95,571
| New | +$5.71M |
|
416
Plains All American Pipeline
PAA
$16.6B
| $5.89M | ﹤0.01% |
388,846
-3,801
| -1% | -$58.1K |
|
417
Expro Ltd
XPRO
$1.88B
| $5.71M | ﹤0.01% |
358,665
-165,708
| -32% | -$2.86M |
|
418
United Microelectronic
UMC
$51.7B
| $5.67M | ﹤0.01% |
+670,359
| New | +$5.11M |
|
419
California Resources
CRC
$4.66B
| $5.59M | ﹤0.01% |
+102,140
| New | +$5.37M |
|
420
DT Midstream
DTM
$13.8B
| $5.56M | ﹤0.01% |
101,404
-129,885
| -56% | -$7.15M |
|
421
TFI International
TFII
$11.6B
| $5.43M | ﹤0.01% |
39,922
-5,935
| -13% | -$703K |
|
422
Intuit
INTU
$88.5B
| $5.42M | ﹤0.01% |
+8,673
| New | +$4.78M |
|
423
Genesis Energy
GEL
$1.85B
| $5.4M | ﹤0.01% |
+466,399
| New | +$5.34M |
|
424
Ivanhoe Electric
IE
$1.66B
| $5.37M | ﹤0.01% |
532,570
-10,531
| -2% | -$111K |
|
425
Moelis & Co
MC
$5.09B
| $5.23M | ﹤0.01% |
93,238
-8,313
| -8% | -$391K |
|
Similar funds
Jennison Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Jennison Associates held 638 positions worth $134B, up 14% from $118B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2023 filing shows 77 new, 236 increased, 267 reduced and 55 closed positions. Its largest new stake was Boeing: 3,684,483 shares worth $960M. The largest sale was NVIDIA, an estimated $2.12B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q4 2023 buy was Boeing: 3,684,483 shares worth $960M.
- Jennison Associates added most to Netflix in Q4 2023, an estimated $687M increase.
- Jennison Associates's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $2.12B.
- Jennison Associates fully exited Ulta Beauty in Q4 2023, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 40% of its $134B portfolio in Q4 2023.
- Jennison Associates opened 77 new positions and closed 55 in Q4 2023.
- Jennison Associates's portfolio value rose 14% quarter-over-quarter to $134B.
Based on Jennison Associates's 13F filing for Q4 2023, filed 1 Feb 2024.