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 | |
|---|---|---|---|---|---|---|
476
Artisan Partners
APAM
$3.02B
| $1.15M | ﹤0.01% |
+26,593
| New | +$1.1M |
|
477
Photronics
PLAB
$1.93B
| $1.15M | ﹤0.01% |
46,436
-268
| -0.6% | -$6.48K |
|
478
Avista
AVA
$3.26B
| $1.13M | ﹤0.01% |
+29,236
| New | +$1.11M |
|
479
National Beverage
FIZZ
$3.01B
| $1.13M | ﹤0.01% |
+23,992
| New | +$1.14M |
|
480
Enact Holdings
ACT
$6.84B
| $1.12M | ﹤0.01% |
+30,850
| New | +$1.05M |
|
481
Micron Technology
MU
$987B
| $1.11M | ﹤0.01% |
+10,743
| New | +$1.12M |
|
482
ProPetro Holding
PUMP
$1.35B
| $1.08M | ﹤0.01% |
140,378
+45,173
| +47% | +$369K |
|
483
Zeta Global
ZETA
$6.66B
| $1.07M | ﹤0.01% |
+36,019
| New | +$848K |
|
484
Frontdoor
FTDR
$6.37B
| $1.07M | ﹤0.01% |
22,288
-10,092
| -31% | -$438K |
|
485
Commercial Metals
CMC
$8.32B
| $1,000K | ﹤0.01% |
18,189
-4,049
| -18% | -$219K |
|
486
Vanguard Morningstar Growth ETF
VUG
$231B
| $994K | ﹤0.01% |
15,540
+10,674
| +219% | +$662K |
|
487
Life Time Group Holdings
LTH
$9.83B
| $986K | ﹤0.01% |
+40,366
| New | +$908K |
|
488
Intellia Therapeutics
NTLA
$1.68B
| $984K | ﹤0.01% |
47,899
+8,497
| +22% | +$196K |
|
489
SunCoke Energy
SXC
$801M
| $981K | ﹤0.01% |
112,979
-4,435
| -4% | -$41.1K |
|
490
Lantheus
LNTH
$6.59B
| $980K | ﹤0.01% |
+8,926
| New | +$927K |
|
491
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
| $976K | ﹤0.01% |
1,713
+490
| +40% | +$270K |
|
492
Merit Medical Systems
MMSI
$5.3B
| $935K | ﹤0.01% |
+9,460
| New | +$866K |
|
493
SITE Centers
SITC
$166M
| $919K | ﹤0.01% |
77,889
-5,602
| -7% | -$65.7K |
|
494
Valaris
VAL
$5.48B
| $904K | ﹤0.01% |
+16,219
| New | +$1.06M |
|
|
GMS
495
DELISTED
GMS Inc
GMS
| $904K | ﹤0.01% |
9,979
+513
| +5% | +$45.4K |
|
496
Compass
COMP
$9.44B
| $893K | ﹤0.01% |
+146,078
| New | +$719K |
|
497
FirstService
FSV
$6.34B
| $875K | ﹤0.01% |
4,791
+1,018
| +27% | +$175K |
|
498
Boise Cascade
BCC
$3.03B
| $862K | ﹤0.01% |
+6,117
| New | +$797K |
|
499
Mercury Insurance
MCY
$6B
| $852K | ﹤0.01% |
+13,530
| New | +$804K |
|
500
Modine Manufacturing
MOD
$10.3B
| $833K | ﹤0.01% |
6,273
-639
| -9% | -$70.6K |
|
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.