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 | |
|---|---|---|---|---|---|---|
401
American Express
AXP
$234B
| $9.61M | 0.01% |
42,195
-16,922
| -29% | -$3.51M |
|
402
Riskified
RSKD
$690M
| $9.25M | 0.01% |
1,710,472
+35,699
| +2% | +$170K |
|
403
Sanofi
SNY
$105B
| $9.22M | 0.01% |
189,622
+30,115
| +19% | +$1.47M |
|
404
Veracyte
VCYT
$3.72B
| $9.12M | 0.01% |
411,540
+17,426
| +4% | +$425K |
|
405
State Street SPDR S&P Metals & Mining ETF
XME
$4.29B
| $8.65M | 0.01% |
143,473
+17,155
| +14% | +$980K |
|
406
James River Group Holdings
JRVR
$220M
| $8.49M | 0.01% |
913,267
-241,435
| -21% | -$2.21M |
|
407
Corning
GLW
$139B
| $8.26M | 0.01% |
250,758
| – | – |
|
408
Dow Inc
DOW
$22B
| $8.26M | 0.01% |
142,646
| – | – |
|
409
Trex
TREX
$5.01B
| $8.19M | 0.01% |
+82,107
| New | +$7.31M |
|
410
CF Industries
CF
$17.3B
| $8.11M | 0.01% |
97,518
+1,735
| +2% | +$138K |
|
411
Bunge Global
BG
$20.7B
| $8.03M | 0.01% |
78,281
-45,685
| -37% | -$4.28M |
|
412
Northern Oil and Gas
NOG
$2.18B
| $7.78M | 0.01% |
+196,058
| New | +$6.95M |
|
413
Littelfuse
LFUS
$11.9B
| $7.69M | 0.01% |
31,720
-78,242
| -71% | -$18.8M |
|
414
Stantec
STN
$8.42B
| $7.66M | 0.01% |
92,248
+41,724
| +83% | +$3.43M |
|
|
ALPN
415
DELISTED
Alpine Immune Sciences Inc
ALPN
| $7.61M | 0.01% |
191,974
+50,879
| +36% | +$1.5M |
|
416
Alto Neuroscience
ANRO
$1.13B
| $7.04M | ﹤0.01% |
+458,599
| New | +$7.18M |
|
417
Plains All American Pipeline
PAA
$16.5B
| $6.74M | ﹤0.01% |
383,778
-5,068
| -1% | -$81.8K |
|
418
TFI International
TFII
$11.4B
| $6.61M | ﹤0.01% |
41,434
+1,512
| +4% | +$216K |
|
419
Fortrea Holdings
FTRE
$1.71B
| $6.56M | ﹤0.01% |
+163,436
| New | +$5.67M |
|
420
Antero Midstream
AM
$10.1B
| $6.51M | ﹤0.01% |
463,280
-473,981
| -51% | -$6.06M |
|
421
Integra LifeSciences
IART
$1.37B
| $6.43M | ﹤0.01% |
181,299
+8,382
| +5% | +$335K |
|
422
Ovintiv
OVV
$16.4B
| $6.33M | ﹤0.01% |
+122,050
| New | +$5.56M |
|
423
United Parcel Service
UPS
$88.3B
| $6.18M | ﹤0.01% |
41,548
-24,612
| -37% | -$3.74M |
|
424
DT Midstream
DTM
$13.6B
| $6.12M | ﹤0.01% |
100,082
-1,322
| -1% | -$73.6K |
|
425
ON Semiconductor
ON
$18.9B
| $5.99M | ﹤0.01% |
81,478
-127,488
| -61% | -$9.76M |
|
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.