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 | |
|---|---|---|---|---|---|---|
426
Intuit
INTU
$89.7B
| $3.17M | ﹤0.01% |
5,108
-7,483
| -59% | -$4.78M |
|
427
Lifezone Metals
LZM
$355M
| $3.17M | ﹤0.01% |
452,817
-30
| -0% | -$210 |
|
428
Hasbro
HAS
$12.9B
| $2.95M | ﹤0.01% |
+40,779
| New | +$2.65M |
|
429
Canadian Pacific Kansas City
CP
$80.4B
| $2.87M | ﹤0.01% |
33,600
-24,221
| -42% | -$1.99M |
|
430
Digital Realty Trust
DLR
$72.1B
| $2.87M | ﹤0.01% |
17,725
-7,316
| -29% | -$1.12M |
|
431
Ares Management
ARES
$31.5B
| $2.75M | ﹤0.01% |
17,635
+999
| +6% | +$145K |
|
|
SLSR
432
Solaris Resources
SLSR
$1.34B
| $2.68M | ﹤0.01% |
1,036,340
| – | – |
|
433
GE Vernova
GEV
$271B
| $2.63M | ﹤0.01% |
10,298
+1,733
| +20% | +$333K |
|
434
TFI International
TFII
$11.5B
| $2.61M | ﹤0.01% |
19,037
-18,759
| -50% | -$2.77M |
|
|
WCN
435
Waste Connections
WCN
$41.5B
| $2.54M | ﹤0.01% |
14,184
+2,108
| +17% | +$381K |
|
436
CSX Corp
CSX
$94.7B
| $2.4M | ﹤0.01% |
69,380
-45,934
| -40% | -$1.56M |
|
|
TPH
437
DELISTED
Tri Pointe Homes
TPH
| $2.37M | ﹤0.01% |
52,197
+11,131
| +27% | +$476K |
|
438
Coca-Cola
KO
$374B
| $2.17M | ﹤0.01% |
30,253
-16,859
| -36% | -$1.15M |
|
439
Service Corp International
SCI
$11.6B
| $2.16M | ﹤0.01% |
27,405
-19,467
| -42% | -$1.48M |
|
440
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $2.05M | ﹤0.01% |
38,779
+32,579
| +525% | +$1.66M |
|
441
Lamb Weston
LW
$7.33B
| $1.9M | ﹤0.01% |
29,290
+5,006
| +21% | +$331K |
|
442
Sanmina
SANM
$10.7B
| $1.84M | ﹤0.01% |
26,897
-780
| -3% | -$53.8K |
|
443
CNO Financial Group
CNO
$5.16B
| $1.82M | ﹤0.01% |
51,933
-23,526
| -31% | -$757K |
|
444
Rush Enterprises Class A
RUSHA
$6.36B
| $1.8M | ﹤0.01% |
33,996
+3,295
| +11% | +$163K |
|
445
Mueller Industries
MLI
$15.3B
| $1.74M | ﹤0.01% |
47,050
-842
| -2% | -$28.2K |
|
446
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $1.73M | ﹤0.01% |
46,955
+8,675
| +23% | +$321K |
|
447
iShares North American Natural Resources ETF
IGE
$747M
| $1.71M | ﹤0.01% |
38,811
+9,987
| +35% | +$440K |
|
448
SBA Communications
SBAC
$18.9B
| $1.69M | ﹤0.01% |
+7,034
| New | +$1.56M |
|
|
AXON
449
Axon Enterprise
AXON
$49.1B
| $1.59M | ﹤0.01% |
3,977
+1,294
| +48% | +$446K |
|
450
CDW
CDW
$17.9B
| $1.57M | ﹤0.01% |
6,936
-91,718
| -93% | -$20.4M |
|
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.