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 | |
|---|---|---|---|---|---|---|
26
Eaton
ETN
$156B
| $1.46B | 0.9% |
4,390,749
-309,195
| -7% | -$94.5M |
|
27
Uber
UBER
$161B
| $1.45B | 0.9% |
19,322,800
-101,846
| -0.5% | -$7.17M |
|
28
CrowdStrike
CRWD
$224B
| $1.42B | 0.88% |
20,275,200
+4,052,644
| +25% | +$288M |
|
29
Airbnb
ABNB
$112B
| $1.37B | 0.85% |
10,815,580
-2,348,828
| -18% | -$305M |
|
|
30
Ferrari
RACE
$73.9B
| $1.37B | 0.85% |
2,926,616
+2,636,869
| +910% | +$1.18B |
|
31
Nu Holdings
NU
$69.1B
| $1.32B | 0.82% |
96,754,946
+6,435,526
| +7% | +$86.6M |
|
32
Adobe
ADBE
$116B
| $1.27B | 0.79% |
2,455,786
-101,194
| -4% | -$55.5M |
|
33
ASML
ASML
$651B
| $1.22B | 0.76% |
1,464,584
-209,538
| -13% | -$187M |
|
34
Progressive
PGR
$127B
| $1.21B | 0.75% |
4,749,628
+842,109
| +22% | +$196M |
|
35
AstraZeneca
AZN
$252B
| $1.17B | 0.72% |
7,482,274
-1,029,554
| -12% | -$166M |
|
36
Moody's
MCO
$89.2B
| $1.11B | 0.69% |
2,333,263
+430,878
| +23% | +$200M |
|
37
Palo Alto Networks
PANW
$303B
| $1.08B | 0.67% |
6,294,430
+2,100,346
| +50% | +$354M |
|
38
O'Reilly Automotive
ORLY
$71.6B
| $1.03B | 0.64% |
13,409,655
-601,680
| -4% | -$44.2M |
|
39
Boeing
BA
$166B
| $1.02B | 0.63% |
6,700,706
+602,143
| +10% | +$103M |
|
40
Goldman Sachs
GS
$301B
| $888M | 0.55% |
1,793,079
-33,631
| -2% | -$16.4M |
|
41
MongoDB
MDB
$35.9B
| $839M | 0.52% |
3,102,024
+592,038
| +24% | +$154M |
|
42
TJX Companies
TJX
$149B
| $827M | 0.51% |
7,037,000
-2,165,205
| -24% | -$248M |
|
43
Home Depot
HD
$329B
| $806M | 0.5% |
1,990,169
-208,273
| -9% | -$76M |
|
44
Salesforce
CRM
$211B
| $795M | 0.49% |
2,903,213
-658,875
| -18% | -$169M |
|
45
Analog Devices
ADI
$175B
| $779M | 0.48% |
3,385,992
-676,212
| -17% | -$152M |
|
46
Hilton Worldwide
HLT
$72.4B
| $746M | 0.46% |
3,234,809
+806,029
| +33% | +$174M |
|
47
Datadog
DDOG
$85.1B
| $722M | 0.45% |
6,273,348
+126,613
| +2% | +$14.8M |
|
48
TSMC
TSM
$2.17T
| $698M | 0.43% |
4,018,311
+304,566
| +8% | +$51.9M |
|
49
Marriott International
MAR
$91.5B
| $549M | 0.34% |
2,208,719
-55,829
| -2% | -$13M |
|
50
NextEra Energy
NEE
$171B
| $489M | 0.3% |
5,788,891
-264,669
| -4% | -$20.7M |
|
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.