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 | |
|---|---|---|---|---|---|---|
26
Salesforce
CRM
$211B
| $1.48B | 0.9% |
4,433,785
+1,530,572
| +53% | +$488M |
|
27
Intuitive Surgical
ISRG
$132B
| $1.47B | 0.89% |
2,811,315
-567,770
| -17% | -$296M |
|
28
Eaton
ETN
$156B
| $1.43B | 0.87% |
4,319,679
-71,070
| -2% | -$24.9M |
|
|
29
TSMC
TSM
$2.17T
| $1.37B | 0.83% |
6,949,520
+2,931,209
| +73% | +$567M |
|
|
30
Spotify
SPOT
$113B
| $1.34B | 0.81% |
+2,985,326
| New | +$1.28B |
|
31
Datadog
DDOG
$85.1B
| $1.33B | 0.81% |
9,278,648
+3,005,300
| +48% | +$413M |
|
32
Airbnb
ABNB
$112B
| $1.32B | 0.8% |
10,025,952
-789,628
| -7% | -$106M |
|
33
GE Aerospace
GE
$355B
| $1.31B | 0.8% |
7,878,650
+106,891
| +1% | +$19.1M |
|
34
Snowflake
SNOW
$114B
| $1.18B | 0.72% |
7,637,006
+3,662,671
| +92% | +$516M |
|
35
Ferrari
RACE
$73.9B
| $1.15B | 0.7% |
2,691,807
-234,809
| -8% | -$106M |
|
36
Advanced Micro Devices
AMD
$760B
| $1.1B | 0.67% |
9,099,952
-2,732,454
| -23% | -$393M |
|
37
Palo Alto Networks
PANW
$303B
| $1.05B | 0.64% |
5,759,689
-534,741
| -8% | -$101M |
|
38
Moody's
MCO
$89.2B
| $1.03B | 0.63% |
2,180,977
-152,286
| -7% | -$72.7M |
|
39
AstraZeneca
AZN
$252B
| $1.01B | 0.61% |
7,715,482
+233,208
| +3% | +$32.6M |
|
40
O'Reilly Automotive
ORLY
$71.6B
| $998M | 0.61% |
12,627,555
-782,100
| -6% | -$63.1M |
|
41
Progressive
PGR
$127B
| $988M | 0.6% |
4,125,187
-624,441
| -13% | -$157M |
|
42
Vertiv
VRT
$99B
| $881M | 0.54% |
7,754,347
+3,153,932
| +69% | +$374M |
|
43
Hilton Worldwide
HLT
$72.4B
| $840M | 0.51% |
3,399,270
+164,461
| +5% | +$40.3M |
|
44
TJX Companies
TJX
$149B
| $831M | 0.5% |
6,878,619
-158,381
| -2% | -$18.9M |
|
45
Adobe
ADBE
$116B
| $828M | 0.5% |
1,862,334
-593,452
| -24% | -$294M |
|
46
Home Depot
HD
$329B
| $705M | 0.43% |
1,812,663
-177,506
| -9% | -$72.5M |
|
47
Goldman Sachs
GS
$301B
| $630M | 0.38% |
1,100,822
-692,257
| -39% | -$386M |
|
48
Marriott International
MAR
$91.5B
| $603M | 0.37% |
2,161,465
-47,254
| -2% | -$13M |
|
49
DexCom
DXCM
$34.3B
| $594M | 0.36% |
7,643,757
+710,858
| +10% | +$52.6M |
|
|
50
Edwards Lifesciences
EW
$52B
| $556M | 0.34% |
+7,509,650
| New | +$526M |
|
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.