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 | |
|---|---|---|---|---|---|---|
426
Array Technologies
ARRY
$885M
| $5.73M | ﹤0.01% |
383,998
-138,488
| -27% | -$1.91M |
|
427
California Resources
CRC
$4.63B
| $5.61M | ﹤0.01% |
101,810
-330
| -0.3% | -$17.2K |
|
428
B2Gold
BTG
$5.5B
| $5.49M | ﹤0.01% |
2,105,075
-4,225,589
| -67% | -$11.4M |
|
429
Synopsys
SNPS
$78.2B
| $5.46M | ﹤0.01% |
9,551
+2,379
| +33% | +$1.31M |
|
430
Ivanhoe Electric
IE
$1.74B
| $5.37M | ﹤0.01% |
547,651
+15,081
| +3% | +$130K |
|
431
Moelis & Co
MC
$5.08B
| $5.28M | ﹤0.01% |
93,081
-157
| -0.2% | -$8.57K |
|
432
Ameresco
AMRC
$1.42B
| $5.19M | ﹤0.01% |
215,112
-3,262
| -1% | -$73.1K |
|
433
Kodiak Gas Services
KGS
$5.84B
| $5.18M | ﹤0.01% |
+189,611
| New | +$4.57M |
|
434
Twist Bioscience
TWST
$7.08B
| $5.15M | ﹤0.01% |
150,022
+125,946
| +523% | +$4.55M |
|
435
Alcoa
AA
$12.7B
| $4.95M | ﹤0.01% |
+146,453
| New | +$4.28M |
|
436
Transocean
RIG
$5.87B
| $4.94M | ﹤0.01% |
785,874
-731,679
| -48% | -$3.99M |
|
437
USA Compression Partners
USAC
$3.8B
| $4.77M | ﹤0.01% |
+179,032
| New | +$4.56M |
|
438
Intuit
INTU
$87.1B
| $4.49M | ﹤0.01% |
6,901
-1,772
| -20% | -$1.13M |
|
439
CSX Corp
CSX
$94.5B
| $4.29M | ﹤0.01% |
115,704
+1,029
| +0.9% | +$37.6K |
|
440
Fair Isaac
FICO
$22.5B
| $4.12M | ﹤0.01% |
3,301
+2,045
| +163% | +$2.56M |
|
441
Citigroup
C
$226B
| $3.84M | ﹤0.01% |
60,766
+53,464
| +732% | +$2.98M |
|
442
Lifezone Metals
LZM
$355M
| $3.78M | ﹤0.01% |
493,118
+11,468
| +2% | +$75K |
|
443
Enphase Energy
ENPH
$5.26B
| $3.7M | ﹤0.01% |
30,598
+118
| +0.4% | +$13.8K |
|
444
Maravai LifeSciences
MRVI
$923M
| $3.42M | ﹤0.01% |
+393,894
| New | +$2.66M |
|
|
SNCY
445
DELISTED
Sun Country Airlines
SNCY
| $3.34M | ﹤0.01% |
221,178
-1,350,803
| -86% | -$19.5M |
|
446
Vera Therapeutics
VERA
$2.26B
| $3.23M | ﹤0.01% |
+74,939
| New | +$2.67M |
|
447
Insmed
INSM
$28.4B
| $3.22M | ﹤0.01% |
118,512
-2,319
| -2% | -$64.9K |
|
|
LENZ
448
LENZ Therapeutics
LENZ
$166M
| $3.01M | ﹤0.01% |
+134,740
| New | +$2.8M |
|
449
Canadian Pacific Kansas City
CP
$79.8B
| $2.98M | ﹤0.01% |
33,833
-24,045
| -42% | -$2.02M |
|
450
Coca-Cola
KO
$374B
| $2.91M | ﹤0.01% |
47,562
+1,746
| +4% | +$105K |
|
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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.