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 | |
|---|---|---|---|---|---|---|
426
American Express
AXP
$234B
| $4.45M | ﹤0.01% |
14,988
-4,430
| -23% | -$1.27M |
|
|
427
MongoDB
MDB
$30.6B
| $4.33M | ﹤0.01% |
18,590
-3,083,434
| -99% | -$871M |
|
428
State Street Energy Select Sector SPDR ETF
XLE
$38.4B
| $4.17M | ﹤0.01% |
97,258
+24,500
| +34% | +$1.11M |
|
429
Biohaven
BHVN
$2.07B
| $3.64M | ﹤0.01% |
+97,532
| New | +$4.55M |
|
430
AnaptysBio
ANAB
$1.63B
| $3.56M | ﹤0.01% |
269,131
+4,242
| +2% | +$103K |
|
431
iShares North American Natural Resources ETF
IGE
$750M
| $3.53M | ﹤0.01% |
82,599
+43,788
| +113% | +$1.98M |
|
432
Vale
VALE
$63.1B
| $3.45M | ﹤0.01% |
389,388
-4,955
| -1% | -$50.4K |
|
|
TE
433
T1 Energy
TE
$1.52B
| $3.41M | ﹤0.01% |
1,320,982
-6,895
| -0.5% | -$11.6K |
|
434
TFI International
TFII
$11.6B
| $3.36M | ﹤0.01% |
24,844
+5,807
| +31% | +$827K |
|
|
SLSR
435
Solaris Resources
SLSR
$1.35B
| $3.21M | ﹤0.01% |
1,036,340
| – | – |
|
436
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $3.2M | ﹤0.01% |
66,816
+28,037
| +72% | +$1.41M |
|
437
Lifezone Metals
LZM
$336M
| $3.15M | ﹤0.01% |
452,817
| – | – |
|
|
BA.PRA
438
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.36B
| $3.04M | ﹤0.01% |
+50,000
| New | +$2.82M |
|
439
Norfolk Southern
NSC
$76.7B
| $3M | ﹤0.01% |
12,766
+6,680
| +110% | +$1.7M |
|
440
Ares Management
ARES
$32.2B
| $2.87M | ﹤0.01% |
16,207
-1,428
| -8% | -$244K |
|
|
441
ASML
ASML
$658B
| $2.71M | ﹤0.01% |
3,904
-1,460,680
| -100% | -$1.05B |
|
442
NexGen Energy
NXE
$6.46B
| $2.49M | ﹤0.01% |
+377,188
| New | +$2.84M |
|
|
WCN
443
Waste Connections
WCN
$41.7B
| $2.44M | ﹤0.01% |
14,247
+63
| +0.4% | +$11.4K |
|
444
CNO Financial Group
CNO
$5.14B
| $2.33M | ﹤0.01% |
62,707
+10,774
| +21% | +$400K |
|
|
SEM
445
DELISTED
Select Medical
SEM
| $2.17M | ﹤0.01% |
115,185
+81,924
| +246% | +$1.58M |
|
446
Sanmina
SANM
$11.1B
| $2.01M | ﹤0.01% |
26,557
-340
| -1% | -$25.4K |
|
447
Portland General Electric
POR
$5.89B
| $1.96M | ﹤0.01% |
+44,997
| New | +$2.09M |
|
448
Bank of N.T. Butterfield & Son
NTB
$2.46B
| $1.9M | ﹤0.01% |
52,016
+5,061
| +11% | +$189K |
|
449
Artisan Partners
APAM
$3.03B
| $1.84M | ﹤0.01% |
42,759
+16,166
| +61% | +$738K |
|
450
iShares Global 100 ETF
IOO
$9.19B
| $1.79M | ﹤0.01% |
+17,748
| New | +$1.78M |
|
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.