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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Green Brick Partners
GRBK
$3.04B
| $857K | ﹤0.01% |
14,971
-1,430
| -9% | -$79.9K |
|
502
Cinemark Holdings
CNK
$4.24B
| $844K | ﹤0.01% |
+39,027
| New | +$708K |
|
503
Parsons
PSN
$4.72B
| $839K | ﹤0.01% |
10,254
+792
| +8% | +$62.1K |
|
504
Academy Sports + Outdoors
ASO
$2.94B
| $835K | ﹤0.01% |
15,677
+1,287
| +9% | +$73.1K |
|
505
ProPetro Holding
PUMP
$1.36B
| $825K | ﹤0.01% |
95,205
-23,606
| -20% | -$210K |
|
506
Yelp
YELP
$1.45B
| $825K | ﹤0.01% |
22,337
+6,261
| +39% | +$240K |
|
507
Sterling Infrastructure
STRL
$18.3B
| $806K | ﹤0.01% |
6,815
-3,145
| -32% | -$359K |
|
508
Electronic Arts
EA
$53B
| $801K | ﹤0.01% |
5,749
-133
| -2% | -$17.5K |
|
|
AXON
509
Axon Enterprise
AXON
$42.5B
| $789K | ﹤0.01% |
2,683
| – | – |
|
510
Mirion Technologies
MIR
$3.73B
| $771K | ﹤0.01% |
+71,801
| New | +$763K |
|
|
GMS
511
DELISTED
GMS Inc
GMS
| $763K | ﹤0.01% |
9,466
-7,380
| -44% | -$681K |
|
512
Four Corners Property Trust
FCPT
$2.81B
| $750K | ﹤0.01% |
30,388
+406
| +1% | +$9.78K |
|
513
Simpson Manufacturing
SSD
$7.72B
| $748K | ﹤0.01% |
4,437
-586
| -12% | -$103K |
|
514
Visteon
VC
$2.79B
| $733K | ﹤0.01% |
6,871
+1,378
| +25% | +$152K |
|
515
Ingevity
NGVT
$2.51B
| $702K | ﹤0.01% |
16,054
-5,157
| -24% | -$249K |
|
516
Sunstone Hotel Investors
SHO
$2.19B
| $700K | ﹤0.01% |
66,874
+7,534
| +13% | +$78K |
|
517
RPC Inc
RES
$1.24B
| $698K | ﹤0.01% |
111,738
+9,729
| +10% | +$68.1K |
|
518
Modine Manufacturing
MOD
$10.7B
| $693K | ﹤0.01% |
6,912
-1,513
| -18% | -$145K |
|
|
HPP
519
Hudson Pacific Properties
HPP
$747M
| $689K | ﹤0.01% |
20,477
+273
| +1% | +$10.3K |
|
520
Seadrill
SDRL
$2.8B
| $678K | ﹤0.01% |
+13,172
| New | +$667K |
|
521
UL Solutions
ULS
$18.5B
| $677K | ﹤0.01% |
+16,036
| New | +$607K |
|
522
Bread Financial
BFH
$4.37B
| $675K | ﹤0.01% |
15,144
-1,812
| -11% | -$71.1K |
|
523
Phreesia
PHR
$663M
| $663K | ﹤0.01% |
31,285
+1,552
| +5% | +$33.7K |
|
524
PPG Industries
PPG
$24.6B
| $663K | ﹤0.01% |
5,265
-122
| -2% | -$16.2K |
|
|
NEE.PRR
525
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $660K | ﹤0.01% |
15,911
| – | – |
|
Similar funds
Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.