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 | |
|---|---|---|---|---|---|---|
451
Teladoc Health
TDOC
$1.26B
| $1.54M | ﹤0.01% |
+168,166
| New | +$1.39M |
|
452
Norfolk Southern
NSC
$76.8B
| $1.51M | ﹤0.01% |
6,086
+76
| +1% | +$18.2K |
|
453
Waste Management
WM
$89.7B
| $1.5M | ﹤0.01% |
7,222
+100
| +1% | +$20.9K |
|
454
Trane Technologies
TT
$106B
| $1.5M | ﹤0.01% |
3,850
| – | – |
|
455
RadNet
RDNT
$5.27B
| $1.49M | ﹤0.01% |
+21,480
| New | +$1.35M |
|
456
Mueller Water Products
MWA
$4.13B
| $1.49M | ﹤0.01% |
+68,543
| New | +$1.38M |
|
457
Cabot Corp
CBT
$4.36B
| $1.48M | ﹤0.01% |
+13,267
| New | +$1.32M |
|
458
FLEX LNG
FLNG
$1.63B
| $1.46M | ﹤0.01% |
+57,406
| New | +$1.52M |
|
459
Itron
ITRI
$4.62B
| $1.46M | ﹤0.01% |
13,650
+673
| +5% | +$68.1K |
|
|
HTO
460
H2O America
HTO
$2.59B
| $1.44M | ﹤0.01% |
24,743
+4,580
| +23% | +$268K |
|
461
Buckle
BKE
$2.34B
| $1.43M | ﹤0.01% |
32,626
+7,205
| +28% | +$296K |
|
462
UFP Industries
UFPI
$5.24B
| $1.32M | ﹤0.01% |
10,054
+727
| +8% | +$87.8K |
|
|
TE
463
T1 Energy
TE
$1.53B
| $1.29M | ﹤0.01% |
1,327,877
+9,667
| +0.7% | +$13.2K |
|
464
Outfront Media
OUT
$5.64B
| $1.28M | ﹤0.01% |
+70,769
| New | +$1.12M |
|
465
Innoviva
INVA
$1.51B
| $1.28M | ﹤0.01% |
66,056
-37,171
| -36% | -$685K |
|
466
Ethan Allen Interiors
ETD
$614M
| $1.27M | ﹤0.01% |
39,668
+4,194
| +12% | +$127K |
|
467
Archrock
AROC
$5.95B
| $1.25M | ﹤0.01% |
61,978
+29,378
| +90% | +$595K |
|
468
Nextpower Inc
NXT
$15.1B
| $1.22M | ﹤0.01% |
32,425
-138,338
| -81% | -$5.77M |
|
469
CareTrust REIT
CTRE
$9.72B
| $1.21M | ﹤0.01% |
+39,283
| New | +$1.11M |
|
470
Benchmark Electronics
BHE
$3.02B
| $1.2M | ﹤0.01% |
+27,102
| New | +$1.13M |
|
471
Commault Systems
CVLT
$5.52B
| $1.19M | ﹤0.01% |
+7,761
| New | +$1.09M |
|
472
ABM Industries
ABM
$2.87B
| $1.19M | ﹤0.01% |
22,616
+1,858
| +9% | +$98.3K |
|
473
Adaptive Biotechnologies
ADPT
$3.91B
| $1.19M | ﹤0.01% |
231,531
+53,908
| +30% | +$235K |
|
474
Perdoceo Education
PRDO
$2.07B
| $1.18M | ﹤0.01% |
53,170
+10,231
| +24% | +$230K |
|
475
Acadia Realty Trust
AKR
$2.95B
| $1.17M | ﹤0.01% |
+49,890
| New | +$1.06M |
|
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.