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 | 12.48% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vertex Pharmaceuticals
VRTX
$137B
| $1.61B | 1.2% |
3,944,913
+147,248
| +4% | +$54.4M |
|
27
MongoDB
MDB
$35.9B
| $1.58B | 1.18% |
3,856,857
+122,893
| +3% | +$46.6M |
|
|
28
Home Depot
HD
$329B
| $1.51B | 1.12% |
4,347,596
+1,207,388
| +38% | +$374M |
|
29
Intuitive Surgical
ISRG
$132B
| $1.45B | 1.08% |
4,289,860
-295,330
| -6% | -$88M |
|
30
Snowflake
SNOW
$114B
| $1.35B | 1% |
6,759,215
-265,371
| -4% | -$44.9M |
|
31
AstraZeneca
AZN
$252B
| $1.19B | 0.89% |
8,866,271
-2,606,981
| -23% | -$339M |
|
32
American Tower
AMT
$82.1B
| $1.14B | 0.85% |
5,299,306
+1,541,029
| +41% | +$291M |
|
|
33
Trade Desk
TTD
$6.38B
| $1.05B | 0.78% |
14,586,150
+6,978,352
| +92% | +$513M |
|
34
Marriott International
MAR
$91.5B
| $1.03B | 0.76% |
4,547,098
+1,173,028
| +35% | +$238M |
|
|
35
Boeing
BA
$166B
| $960M | 0.72% |
+3,684,483
| New | +$788M |
|
36
Airbnb
ABNB
$112B
| $917M | 0.68% |
6,732,856
-2,092,272
| -24% | -$270M |
|
37
O'Reilly Automotive
ORLY
$71.6B
| $900M | 0.67% |
14,212,260
+999,435
| +8% | +$63.2M |
|
38
ASML
ASML
$651B
| $868M | 0.65% |
1,146,157
+151,844
| +15% | +$100M |
|
39
TJX Companies
TJX
$149B
| $848M | 0.63% |
9,040,661
-13,576
| -0.1% | -$1.22M |
|
40
Palo Alto Networks
PANW
$303B
| $772M | 0.58% |
5,233,606
+2,375,830
| +83% | +$318M |
|
41
Nike
NKE
$58.7B
| $661M | 0.49% |
6,084,070
-2,394,572
| -28% | -$257M |
|
42
Mobileye
MBLY
$7.29B
| $607M | 0.45% |
14,011,315
-1,187,917
| -8% | -$46.8M |
|
43
Moody's
MCO
$89.2B
| $592M | 0.44% |
1,515,430
+4,444
| +0.3% | +$1.54M |
|
44
Goldman Sachs
GS
$301B
| $589M | 0.44% |
1,526,886
-266,373
| -15% | -$88.9M |
|
45
HubSpot
HUBS
$13B
| $565M | 0.42% |
972,957
+180,822
| +23% | +$87M |
|
46
Arm
ARM
$255B
| $552M | 0.41% |
7,346,660
+994,551
| +16% | +$58.2M |
|
47
Nu Holdings
NU
$69.1B
| $548M | 0.41% |
65,813,072
+40,584,189
| +161% | +$328M |
|
48
Chipotle Mexican Grill
CMG
$48.1B
| $503M | 0.37% |
10,997,500
-235,400
| -2% | -$9.79M |
|
49
Applied Materials
AMAT
$366B
| $459M | 0.34% |
2,831,986
+351,206
| +14% | +$51.6M |
|
50
Arista Networks
ANET
$246B
| $426M | 0.32% |
7,229,976
+58,508
| +0.8% | +$3.07M |
|
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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.