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 | |
|---|---|---|---|---|---|---|
401
Hubbell
HUBB
$27.1B
| $8.1M | 0.01% |
18,906
+17,596
| +1,343% | +$6.76M |
|
402
California Resources
CRC
$4.56B
| $7.93M | ﹤0.01% |
151,098
+11,106
| +8% | +$562K |
|
403
Stantec
STN
$8.35B
| $7.89M | ﹤0.01% |
98,175
-18,813
| -16% | -$1.56M |
|
404
ConocoPhillips
COP
$140B
| $7.77M | ﹤0.01% |
73,845
-1,488,104
| -95% | -$163M |
|
405
MaxLinear
MXL
$6.11B
| $7.66M | ﹤0.01% |
528,694
-10,561
| -2% | -$168K |
|
406
Bunge Global
BG
$20.5B
| $7.57M | ﹤0.01% |
78,369
-232
| -0.3% | -$23.7K |
|
407
Columbia India Consumer ETF
INCO
$238M
| $7.47M | ﹤0.01% |
+97,057
| New | +$7.13M |
|
408
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $7.18M | ﹤0.01% |
125,449
+28,099
| +29% | +$1.53M |
|
409
Synopsys
SNPS
$76.8B
| $6.99M | ﹤0.01% |
13,802
+4,017
| +41% | +$2.16M |
|
410
Antero Midstream
AM
$10B
| $6.81M | ﹤0.01% |
452,335
| – | – |
|
411
iShares MSCI ACWI ETF
ACWI
$33.3B
| $6.79M | ﹤0.01% |
56,798
+1,106
| +2% | +$127K |
|
412
First Advantage
FA
$3.53B
| $6.63M | ﹤0.01% |
+333,887
| New | +$5.96M |
|
413
Plains All American Pipeline
PAA
$16.3B
| $6.51M | ﹤0.01% |
374,713
| – | – |
|
414
Moelis & Co
MC
$5.14B
| $6.04M | ﹤0.01% |
88,234
-5,289
| -6% | -$341K |
|
415
Ivanhoe Electric
IE
$1.69B
| $5.66M | ﹤0.01% |
669,137
-3,727
| -0.6% | -$31.3K |
|
416
USA Compression Partners
USAC
$3.73B
| $5.49M | ﹤0.01% |
239,675
| – | – |
|
417
American Express
AXP
$236B
| $5.27M | ﹤0.01% |
19,418
-119,378
| -86% | -$29.7M |
|
418
Mirion Technologies
MIR
$3.84B
| $5.15M | ﹤0.01% |
465,553
+393,752
| +548% | +$4.14M |
|
419
Vale
VALE
$63.6B
| $4.61M | ﹤0.01% |
+394,343
| New | +$4.23M |
|
420
Tyra Biosciences
TYRA
$1.53B
| $3.72M | ﹤0.01% |
158,187
+8,837
| +6% | +$186K |
|
421
Kinder Morgan
KMI
$69.3B
| $3.44M | ﹤0.01% |
+155,713
| New | +$3.28M |
|
422
Neurogene
NGNE
$717M
| $3.3M | ﹤0.01% |
+78,650
| New | +$3.05M |
|
423
Darden Restaurants
DRI
$23.9B
| $3.26M | ﹤0.01% |
19,876
-200,774
| -91% | -$30.4M |
|
424
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $3.19M | ﹤0.01% |
72,758
-890
| -1% | -$39.8K |
|
425
Citigroup
C
$231B
| $3.18M | ﹤0.01% |
50,749
+1
| +0% | +$62 |
|
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.