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 |
Broadcom
AVGO
|
+$1.57B |
| 2 |
Walt Disney
DIS
|
+$1.27B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.23B |
| 4 |
Airbnb
ABNB
|
+$590M |
| 5 |
Netflix
NFLX
|
+$524M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.58B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.3B |
| 3 |
Tesla
TSLA
|
+$1.23B |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$958M |
| 5 |
Uber
UBER
|
+$676M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.37% |
| 2 | Consumer Discretionary | 17.18% |
| 3 | Healthcare | 13.11% |
| 4 | Communication Services | 11.8% |
| 5 | Financials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RC
501
Ready Capital
RC
$287M
| $995K | ﹤0.01% |
108,946
+52,274
| +92% | +$484K |
|
502
Green Brick Partners
GRBK
$3.15B
| $988K | ﹤0.01% |
16,401
-2,629
| -14% | -$141K |
|
503
Matsons
MATX
$6.15B
| $979K | ﹤0.01% |
8,713
+14
| +0.2% | +$1.58K |
|
504
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $977K | ﹤0.01% |
+30,540
| New | +$929K |
|
|
EQC
505
DELISTED
Equity Commonwealth
EQC
| $976K | ﹤0.01% |
+51,679
| New | +$982K |
|
506
Academy Sports + Outdoors
ASO
$2.97B
| $972K | ﹤0.01% |
14,390
+1,811
| +14% | +$122K |
|
507
ProPetro Holding
PUMP
$1.35B
| $960K | ﹤0.01% |
+118,811
| New | +$927K |
|
508
Atkore
ATKR
$3.16B
| $939K | ﹤0.01% |
4,933
-2,138
| -30% | -$342K |
|
509
Intellia Therapeutics
NTLA
$1.53B
| $925K | ﹤0.01% |
33,616
+9,768
| +41% | +$271K |
|
|
HPP
510
Hudson Pacific Properties
HPP
$812M
| $912K | ﹤0.01% |
20,204
+2,942
| +17% | +$155K |
|
511
FirstService
FSV
$6.35B
| $875K | ﹤0.01% |
5,283
+202
| +4% | +$33.3K |
|
512
ReNew
RNW
$2.23B
| $865K | ﹤0.01% |
144,133
+104,278
| +262% | +$687K |
|
513
Radian Group
RDN
$5.21B
| $852K | ﹤0.01% |
+25,443
| New | +$749K |
|
|
AXON
514
Axon Enterprise
AXON
$49.1B
| $839K | ﹤0.01% |
2,683
+16
| +0.6% | +$4.45K |
|
515
Strategy Inc
MSTR
$37.8B
| $806K | ﹤0.01% |
+4,730
| New | +$431K |
|
516
Modine Manufacturing
MOD
$10.3B
| $802K | ﹤0.01% |
8,425
-6,808
| -45% | -$526K |
|
517
Editas Medicine
EDIT
$422M
| $790K | ﹤0.01% |
106,520
+24,000
| +29% | +$199K |
|
|
WIRE
518
DELISTED
Encore Wire Corp
WIRE
| $790K | ﹤0.01% |
3,005
+54
| +2% | +$12.3K |
|
519
RPC Inc
RES
$1.28B
| $790K | ﹤0.01% |
102,009
+6,847
| +7% | +$49.4K |
|
|
ZUO
520
DELISTED
Zuora, Inc.
ZUO
| $787K | ﹤0.01% |
86,317
-713
| -0.8% | -$6.21K |
|
521
Parsons
PSN
$5.1B
| $785K | ﹤0.01% |
9,462
-5,689
| -38% | -$415K |
|
522
PPG Industries
PPG
$26.5B
| $781K | ﹤0.01% |
5,387
-5,329
| -50% | -$757K |
|
523
Electronic Arts
EA
$52.9B
| $780K | ﹤0.01% |
5,882
-457
| -7% | -$62.7K |
|
524
Sphere Entertainment
SPHR
$5.77B
| $774K | ﹤0.01% |
+15,776
| New | +$632K |
|
525
TriNet
TNET
$3.14B
| $750K | ﹤0.01% |
5,663
+99
| +2% | +$12K |
|
Similar funds
Jennison Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Jennison Associates held 652 positions worth $150B, up 11% from $134B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Jennison Associates's Q1 2024 filing shows 69 new, 266 increased, 228 reduced and 80 closed positions. Its largest new stake was Walt Disney: 12,181,207 shares worth $1.49B. The largest sale was NVIDIA, an estimated $1.58B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q1 2024 buy was Walt Disney: 12,181,207 shares worth $1.49B.
- Jennison Associates added most to Broadcom in Q1 2024, an estimated $1.57B increase.
- Jennison Associates's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $1.58B.
- Jennison Associates fully exited Mobileye in Q1 2024, selling an estimated $607M.
- Jennison Associates's ten largest holdings make up 45% of its $150B portfolio in Q1 2024.
- Jennison Associates opened 69 new positions and closed 80 in Q1 2024.
- Jennison Associates's portfolio value rose 11% quarter-over-quarter to $150B.
Based on Jennison Associates's 13F filing for Q1 2024, filed 2 May 2024.