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 | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Modine Manufacturing
MOD
$10.7B
| $909K | ﹤0.01% |
15,233
+493
| +3% | +$24.1K |
|
502
Phreesia
PHR
$708M
| $898K | ﹤0.01% |
38,778
-2,199,180
| -98% | -$37.9M |
|
503
Twist Bioscience
TWST
$6.19B
| $887K | ﹤0.01% |
24,076
-8,370
| -26% | -$194K |
|
|
DO
504
DELISTED
Diamond Offshore Drilling, Inc.
DO
| $871K | ﹤0.01% |
67,003
+21,365
| +47% | +$276K |
|
505
Cloudflare
NET
$107B
| $869K | ﹤0.01% |
+10,438
| New | +$730K |
|
506
Electronic Arts
EA
$53B
| $867K | ﹤0.01% |
6,339
+84
| +1% | +$11.1K |
|
507
Gray Television
GTN
$442M
| $859K | ﹤0.01% |
95,871
+4,639
| +5% | +$34.5K |
|
508
Noble Corp
NE
$6.52B
| $846K | ﹤0.01% |
+17,570
| New | +$821K |
|
509
Dorian LPG
LPG
$1.86B
| $846K | ﹤0.01% |
19,275
-12,268
| -39% | -$456K |
|
510
Editas Medicine
EDIT
$425M
| $836K | ﹤0.01% |
82,520
-10,280
| -11% | -$90.2K |
|
511
Essential Properties Realty Trust
EPRT
$6.64B
| $833K | ﹤0.01% |
32,576
-40,674
| -56% | -$943K |
|
512
Academy Sports + Outdoors
ASO
$3.02B
| $830K | ﹤0.01% |
12,579
-9,366
| -43% | -$475K |
|
513
FirstService
FSV
$6.2B
| $823K | ﹤0.01% |
5,081
+223
| +5% | +$33.7K |
|
514
Adient
ADNT
$1.66B
| $818K | ﹤0.01% |
22,504
+5,854
| +35% | +$201K |
|
|
ZUO
515
DELISTED
Zuora, Inc.
ZUO
| $818K | ﹤0.01% |
87,030
+18,013
| +26% | +$149K |
|
|
LTHM
516
DELISTED
Livent Corporation
LTHM
| $811K | ﹤0.01% |
45,084
-153,323
| -77% | -$2.39M |
|
517
Celldex Therapeutics
CLDX
$3.06B
| $796K | ﹤0.01% |
20,078
-6,812
| -25% | -$200K |
|
518
Icon
ICLR
$12.1B
| $792K | ﹤0.01% |
+2,797
| New | +$724K |
|
519
BridgeBio Pharma
BBIO
$16.1B
| $781K | ﹤0.01% |
19,357
-944
| -5% | -$28.4K |
|
|
NVMI
520
Nova
NVMI
$13.1B
| $780K | ﹤0.01% |
5,676
+1,564
| +38% | +$181K |
|
521
Rocket Pharmaceuticals
RCKT
$376M
| $776K | ﹤0.01% |
25,880
-1,756
| -6% | -$38.8K |
|
522
Freshworks
FRSH
$3.33B
| $751K | ﹤0.01% |
31,971
+2,743
| +9% | +$54.3K |
|
523
Phillips 66
PSX
$82.6B
| $748K | ﹤0.01% |
5,621
+738
| +15% | +$88.2K |
|
524
Iovance Biotherapeutics
IOVA
$1.94B
| $741K | ﹤0.01% |
+91,155
| New | +$477K |
|
|
CHX
525
DELISTED
ChampionX
CHX
| $732K | ﹤0.01% |
25,053
+3,765
| +18% | +$116K |
|
Similar funds
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.