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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CrowdStrike
CRWD
$224B
| $1.55B | 1% |
16,222,556
-3,896,552
| -19% | -$324M |
|
|
27
Eaton
ETN
$156B
| $1.47B | 0.94% |
4,699,944
+3,437,465
| +272% | +$1.11B |
|
28
Adobe
ADBE
$116B
| $1.42B | 0.91% |
2,556,980
-982,229
| -28% | -$476M |
|
29
Uber
UBER
$161B
| $1.41B | 0.9% |
19,424,646
-1,533,470
| -7% | -$107M |
|
30
AstraZeneca
AZN
$252B
| $1.33B | 0.85% |
8,511,828
-126,313
| -1% | -$19M |
|
31
Nu Holdings
NU
$69.1B
| $1.16B | 0.75% |
90,319,420
+3,163,534
| +4% | +$36.8M |
|
32
Boeing
BA
$166B
| $1.11B | 0.71% |
6,098,563
+1,895,128
| +45% | +$338M |
|
33
TJX Companies
TJX
$149B
| $1.01B | 0.65% |
9,202,205
-189,856
| -2% | -$19.1M |
|
34
O'Reilly Automotive
ORLY
$71.6B
| $986M | 0.63% |
14,011,335
+1,211,880
| +9% | +$83.8M |
|
|
35
Analog Devices
ADI
$175B
| $927M | 0.59% |
+4,062,204
| New | +$867M |
|
|
36
Salesforce
CRM
$211B
| $916M | 0.59% |
3,562,088
-4,541,963
| -56% | -$1.22B |
|
37
Chipotle Mexican Grill
CMG
$48.1B
| $907M | 0.58% |
14,472,060
+3,639,010
| +34% | +$226M |
|
38
Goldman Sachs
GS
$301B
| $826M | 0.53% |
1,826,710
+25,315
| +1% | +$11.1M |
|
|
39
Progressive
PGR
$127B
| $812M | 0.52% |
3,907,519
+3,783,050
| +3,039% | +$792M |
|
40
Moody's
MCO
$89.2B
| $801M | 0.51% |
1,902,385
+408,477
| +27% | +$163M |
|
|
41
Datadog
DDOG
$85.1B
| $797M | 0.51% |
6,146,735
+5,725,042
| +1,358% | +$693M |
|
42
Home Depot
HD
$329B
| $757M | 0.49% |
2,198,442
-2,718,844
| -55% | -$927M |
|
43
Palo Alto Networks
PANW
$303B
| $711M | 0.46% |
4,194,084
-1,435,678
| -26% | -$215M |
|
44
TSMC
TSM
$2.17T
| $645M | 0.41% |
3,713,745
-521
| -0% | -$79K |
|
45
GE Aerospace
GE
$355B
| $644M | 0.41% |
4,051,865
+3,447,439
| +570% | +$550M |
|
46
MongoDB
MDB
$35.9B
| $627M | 0.4% |
2,509,986
-1,898,438
| -43% | -$600M |
|
47
Snowflake
SNOW
$114B
| $558M | 0.36% |
4,128,195
-2,880,269
| -41% | -$425M |
|
48
Marriott International
MAR
$91.5B
| $547M | 0.35% |
2,264,548
-1,730,609
| -43% | -$415M |
|
49
Hilton Worldwide
HLT
$72.4B
| $530M | 0.34% |
2,428,780
+2,147,172
| +762% | +$441M |
|
50
Keysight
KEYS
$54.5B
| $515M | 0.33% |
3,766,609
-44,996
| -1% | -$6.58M |
|
Similar funds
Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.