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 | |
|---|---|---|---|---|---|---|
401
Kodiak Gas Services
KGS
$5.86B
| $8.49M | 0.01% |
207,943
-117,101
| -36% | -$4.23M |
|
402
First Solar
FSLR
$25B
| $8.33M | 0.01% |
47,278
-1,011
| -2% | -$201K |
|
403
Cognex
CGNX
$11.9B
| $8.25M | 0.01% |
229,995
-787,834
| -77% | -$30.9M |
|
404
Stantec
STN
$8.17B
| $8.1M | ﹤0.01% |
103,304
+5,129
| +5% | +$425K |
|
405
First Advantage
FA
$3.5B
| $8.1M | ﹤0.01% |
432,387
+98,500
| +30% | +$1.87M |
|
406
Vanguard Total World Stock ETF
VT
$79.4B
| $8.02M | ﹤0.01% |
68,226
+64,356
| +1,663% | +$7.72M |
|
407
American Tower
AMT
$80.6B
| $7.84M | ﹤0.01% |
42,762
-2,958
| -6% | -$613K |
|
408
MasTec
MTZ
$21B
| $7.36M | ﹤0.01% |
54,036
+51,557
| +2,080% | +$6.91M |
|
409
BCE
BCE
$20.3B
| $7.24M | ﹤0.01% |
312,532
-9,225
| -3% | -$265K |
|
410
Enpro
NPO
$7.06B
| $7.04M | ﹤0.01% |
40,832
-196,827
| -83% | -$33.3M |
|
411
FirstService
FSV
$6.31B
| $6.83M | ﹤0.01% |
37,702
+32,911
| +687% | +$6.15M |
|
412
Synopsys
SNPS
$77.3B
| $6.69M | ﹤0.01% |
13,787
-15
| -0.1% | -$7.84K |
|
413
Freeport-McMoran
FCX
$96.7B
| $6.57M | ﹤0.01% |
172,436
-139,765
| -45% | -$6.25M |
|
414
Moelis & Co
MC
$5.08B
| $6.44M | ﹤0.01% |
87,109
-1,125
| -1% | -$81.4K |
|
415
Ameresco
AMRC
$1.2B
| $6.42M | ﹤0.01% |
273,559
-5,116
| -2% | -$148K |
|
416
Bunge Global
BG
$20.2B
| $6.02M | ﹤0.01% |
77,433
-936
| -1% | -$82.2K |
|
417
Cabaletta Bio
CABA
$439M
| $5.7M | ﹤0.01% |
2,512,053
-3,120,628
| -55% | -$11M |
|
418
Dow Inc
DOW
$21.6B
| $5.69M | ﹤0.01% |
141,764
-13,429
| -9% | -$627K |
|
419
State Street SPDR S&P Metals & Mining ETF
XME
$4.12B
| $5.61M | ﹤0.01% |
98,825
-64,276
| -39% | -$4.14M |
|
420
Lindsay Corp
LNN
$1.15B
| $5.09M | ﹤0.01% |
+43,006
| New | +$5.34M |
|
421
Vanguard Morningstar Growth ETF
VUG
$230B
| $4.97M | ﹤0.01% |
72,636
+57,096
| +367% | +$3.84M |
|
422
Ivanhoe Electric
IE
$1.54B
| $4.96M | ﹤0.01% |
657,384
-11,753
| -2% | -$109K |
|
423
Darden Restaurants
DRI
$23.6B
| $4.94M | ﹤0.01% |
26,471
+6,595
| +33% | +$1.11M |
|
424
Digital Realty Trust
DLR
$70.8B
| $4.87M | ﹤0.01% |
27,476
+9,751
| +55% | +$1.73M |
|
425
Gulfport Energy Corp
GPOR
$2.8B
| $4.54M | ﹤0.01% |
+24,630
| New | +$3.95M |
|
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.