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 |
Boeing
BA
|
+$788M |
| 2 |
Netflix
NFLX
|
+$687M |
| 3 |
UnitedHealth
UNH
|
+$638M |
| 4 |
Trade Desk
TTD
|
+$513M |
| 5 |
Home Depot
HD
|
+$374M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.12B |
| 2 |
Tesla
TSLA
|
+$717M |
| 3 |
Uber
UBER
|
+$656M |
| 4 |
argenx
ARGX
|
+$579M |
| 5 |
Eli Lilly
LLY
|
+$473M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.7% |
| 2 | Consumer Discretionary | 19.7% |
| 3 | Healthcare | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
iShares MSCI ACWI ETF
ACWI
$33.4B
| $2.3M | ﹤0.01% |
22,589
-28,684
| -56% | -$2.74M |
|
|
TPH
452
DELISTED
Tri Pointe Homes
TPH
| $2.11M | ﹤0.01% |
59,507
-5,735
| -9% | -$167K |
|
453
Rush Enterprises Class A
RUSHA
$6.36B
| $2.08M | ﹤0.01% |
41,284
-3,061
| -7% | -$123K |
|
|
WCN
454
Waste Connections
WCN
$41.5B
| $2.04M | ﹤0.01% |
13,660
-1,139
| -8% | -$156K |
|
455
Ares Management
ARES
$31.5B
| $1.98M | ﹤0.01% |
16,636
+1,169
| +8% | +$127K |
|
|
BLD
456
DELISTED
TopBuild
BLD
| $1.88M | ﹤0.01% |
5,010
-2,640
| -35% | -$756K |
|
457
iShares North American Natural Resources ETF
IGE
$747M
| $1.85M | ﹤0.01% |
45,377
+37,971
| +513% | +$1.54M |
|
458
CNO Financial Group
CNO
$5.16B
| $1.82M | ﹤0.01% |
65,128
-10,284
| -14% | -$259K |
|
459
New Jersey Resources
NJR
$5.59B
| $1.77M | ﹤0.01% |
39,621
+19,216
| +94% | +$819K |
|
460
APi Group
APG
$18.1B
| $1.74M | ﹤0.01% |
75,616
+16,306
| +27% | +$314K |
|
461
Murphy Oil
MUR
$5.17B
| $1.73M | ﹤0.01% |
40,533
-7,362
| -15% | -$322K |
|
462
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $1.7M | ﹤0.01% |
40,518
-2,922
| -7% | -$125K |
|
463
Buckle
BKE
$2.34B
| $1.62M | ﹤0.01% |
34,078
-2,776
| -8% | -$105K |
|
464
PPG Industries
PPG
$26.5B
| $1.6M | ﹤0.01% |
10,716
+5
| +0% | +$677 |
|
465
Vertiv
VRT
$107B
| $1.58M | ﹤0.01% |
32,878
+20,663
| +169% | +$880K |
|
466
Norfolk Southern
NSC
$76.8B
| $1.47M | ﹤0.01% |
6,234
-3,594
| -37% | -$753K |
|
467
Fair Isaac
FICO
$23.6B
| $1.46M | ﹤0.01% |
+1,256
| New | +$1.26M |
|
|
PDM
468
Piedmont Realty Trust
PDM
$1.21B
| $1.43M | ﹤0.01% |
200,862
+57,039
| +40% | +$344K |
|
|
GMS
469
DELISTED
GMS Inc
GMS
| $1.42M | ﹤0.01% |
17,215
+403
| +2% | +$27K |
|
470
Frontdoor
FTDR
$5.36B
| $1.34M | ﹤0.01% |
38,012
+2,452
| +7% | +$81.5K |
|
471
NMI Holdings
NMIH
$3.38B
| $1.34M | ﹤0.01% |
45,010
-7,823
| -15% | -$218K |
|
472
Belden
BDC
$5.01B
| $1.32M | ﹤0.01% |
17,127
+5,640
| +49% | +$419K |
|
473
Terex
TEX
$7.55B
| $1.31M | ﹤0.01% |
22,770
-2,369
| -9% | -$122K |
|
474
Sanmina
SANM
$10.7B
| $1.29M | ﹤0.01% |
25,208
-2,174
| -8% | -$111K |
|
|
HTO
475
H2O America
HTO
$2.59B
| $1.25M | ﹤0.01% |
19,139
+377
| +2% | +$23.9K |
|
Similar funds
Jennison Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Jennison Associates held 638 positions worth $134B, up 14% from $118B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2023 filing shows 77 new, 236 increased, 267 reduced and 55 closed positions. Its largest new stake was Boeing: 3,684,483 shares worth $960M. The largest sale was NVIDIA, an estimated $2.12B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q4 2023 buy was Boeing: 3,684,483 shares worth $960M.
- Jennison Associates added most to Netflix in Q4 2023, an estimated $687M increase.
- Jennison Associates's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $2.12B.
- Jennison Associates fully exited Ulta Beauty in Q4 2023, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 40% of its $134B portfolio in Q4 2023.
- Jennison Associates opened 77 new positions and closed 55 in Q4 2023.
- Jennison Associates's portfolio value rose 14% quarter-over-quarter to $134B.
Based on Jennison Associates's 13F filing for Q4 2023, filed 1 Feb 2024.