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 | |
|---|---|---|---|---|---|---|
451
Constellium
CSTM
$4.07B
| $1.78M | ﹤0.01% |
173,310
-4,876,073
| -97% | -$60M |
|
452
Mueller Industries
MLI
$15.2B
| $1.76M | ﹤0.01% |
44,422
-2,628
| -6% | -$107K |
|
453
iShares S&P 500 Growth ETF
IVW
$77.5B
| $1.76M | ﹤0.01% |
17,312
+14,023
| +426% | +$1.4M |
|
454
Benchmark Electronics
BHE
$3.06B
| $1.72M | ﹤0.01% |
37,972
+10,870
| +40% | +$504K |
|
455
Equinix
EQIX
$104B
| $1.7M | ﹤0.01% |
+1,808
| New | +$1.66M |
|
456
Citigroup
C
$232B
| $1.69M | ﹤0.01% |
23,985
-26,764
| -53% | -$1.8M |
|
457
Neurogene
NGNE
$714M
| $1.66M | ﹤0.01% |
72,596
-6,054
| -8% | -$225K |
|
458
Coca-Cola
KO
$373B
| $1.65M | ﹤0.01% |
26,531
-3,722
| -12% | -$243K |
|
459
Interface
TILE
$2.05B
| $1.59M | ﹤0.01% |
65,494
+33,264
| +103% | +$764K |
|
|
AXON
460
Axon Enterprise
AXON
$48.8B
| $1.57M | ﹤0.01% |
2,635
-1,342
| -34% | -$730K |
|
461
McGrath RentCorp
MGRC
$2.97B
| $1.52M | ﹤0.01% |
+13,591
| New | +$1.56M |
|
462
Intuit
INTU
$88.9B
| $1.51M | ﹤0.01% |
2,400
-2,708
| -53% | -$1.73M |
|
463
COPT Defense Properties
CDP
$4.23B
| $1.48M | ﹤0.01% |
+47,837
| New | +$1.52M |
|
464
Itron
ITRI
$4.6B
| $1.46M | ﹤0.01% |
13,463
-187
| -1% | -$20.9K |
|
465
Perdoceo Education
PRDO
$2.06B
| $1.37M | ﹤0.01% |
51,673
-1,497
| -3% | -$36.8K |
|
466
Boise Cascade
BCC
$2.98B
| $1.33M | ﹤0.01% |
11,219
+5,102
| +83% | +$705K |
|
467
Commault Systems
CVLT
$5.51B
| $1.32M | ﹤0.01% |
8,745
+984
| +13% | +$158K |
|
468
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
| $1.32M | ﹤0.01% |
2,309
+596
| +35% | +$349K |
|
469
SunCoke Energy
SXC
$812M
| $1.29M | ﹤0.01% |
120,721
+7,742
| +7% | +$83K |
|
|
TPH
470
DELISTED
Tri Pointe Homes
TPH
| $1.29M | ﹤0.01% |
35,450
-16,747
| -32% | -$698K |
|
471
Fabrinet
FN
$18.9B
| $1.26M | ﹤0.01% |
5,724
+2,573
| +82% | +$620K |
|
472
California Water Service
CWT
$3.07B
| $1.25M | ﹤0.01% |
+27,609
| New | +$1.39M |
|
473
Ethan Allen Interiors
ETD
$620M
| $1.24M | ﹤0.01% |
43,973
+4,305
| +11% | +$128K |
|
474
Trane Technologies
TT
$107B
| $1.22M | ﹤0.01% |
3,290
-560
| -15% | -$222K |
|
475
Enact Holdings
ACT
$6.64B
| $1.21M | ﹤0.01% |
37,324
+6,474
| +21% | +$224K |
|
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.