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 | |
|---|---|---|---|---|---|---|
451
Vertiv
VRT
$106B
| $2.59M | ﹤0.01% |
31,767
-1,111
| -3% | -$69.8K |
|
452
State Street Energy Select Sector SPDR ETF
XLE
$38.1B
| $2.52M | ﹤0.01% |
53,346
+12,828
| +32% | +$551K |
|
453
Rambus
RMBS
$10.6B
| $2.5M | ﹤0.01% |
40,454
+6,123
| +18% | +$387K |
|
454
Scholar Rock
SRRK
$6.31B
| $2.46M | ﹤0.01% |
138,458
+1,409
| +1% | +$22.2K |
|
455
Corpay
CPAY
$26B
| $2.36M | ﹤0.01% |
7,650
-17,714
| -70% | -$5.08M |
|
|
BLD
456
DELISTED
TopBuild
BLD
| $2.28M | ﹤0.01% |
5,182
+172
| +3% | +$67.3K |
|
|
TPH
457
DELISTED
Tri Pointe Homes
TPH
| $2.28M | ﹤0.01% |
59,005
-502
| -0.8% | -$17.6K |
|
458
Ares Management
ARES
$31.2B
| $2.21M | ﹤0.01% |
16,636
| – | – |
|
|
TE
459
T1 Energy
TE
$1.55B
| $2.19M | ﹤0.01% |
1,301,720
+8,583
| +0.7% | +$13.6K |
|
460
CNO Financial Group
CNO
$5.14B
| $2.14M | ﹤0.01% |
78,007
+12,879
| +20% | +$348K |
|
461
Sanmina
SANM
$11B
| $2.06M | ﹤0.01% |
33,128
+7,920
| +31% | +$460K |
|
462
Super Micro Computer
SMCI
$19B
| $1.97M | ﹤0.01% |
19,470
-19,950
| -51% | -$1.46M |
|
463
National Grid
NGG
$80.8B
| $1.96M | ﹤0.01% |
30,429
-65,142
| -68% | -$4.12M |
|
464
Camtek
CAMT
$6.98B
| $1.93M | ﹤0.01% |
23,015
+18,251
| +383% | +$1.43M |
|
|
WCN
465
Waste Connections
WCN
$42.2B
| $1.92M | ﹤0.01% |
11,159
-2,501
| -18% | -$402K |
|
466
Vishay Intertechnology
VSH
$5.03B
| $1.83M | ﹤0.01% |
80,582
+32,161
| +66% | +$716K |
|
467
Terex
TEX
$7.47B
| $1.73M | ﹤0.01% |
26,911
+4,141
| +18% | +$243K |
|
468
New Jersey Resources
NJR
$5.53B
| $1.72M | ﹤0.01% |
40,132
+511
| +1% | +$21.6K |
|
469
NMI Holdings
NMIH
$3.31B
| $1.67M | ﹤0.01% |
51,705
+6,695
| +15% | +$202K |
|
|
GMS
470
DELISTED
GMS Inc
GMS
| $1.64M | ﹤0.01% |
16,846
-369
| -2% | -$32.3K |
|
|
PDM
471
Piedmont Realty Trust
PDM
$1.18B
| $1.63M | ﹤0.01% |
231,239
+30,377
| +15% | +$204K |
|
472
Rush Enterprises Class A
RUSHA
$6.2B
| $1.62M | ﹤0.01% |
30,298
-10,986
| -27% | -$519K |
|
473
Norfolk Southern
NSC
$76.9B
| $1.57M | ﹤0.01% |
6,141
-93
| -1% | -$23K |
|
474
Onto Innovation
ONTO
$13.4B
| $1.49M | ﹤0.01% |
8,219
+4,732
| +136% | +$799K |
|
475
SM Energy
SM
$6.88B
| $1.38M | ﹤0.01% |
+27,743
| New | +$1.13M |
|
Similar funds
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.