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 | |
|---|---|---|---|---|---|---|
501
CAVA Group
CAVA
$7.51B
| $829K | ﹤0.01% |
6,697
-154,167
| -96% | -$15.7M |
|
502
Enova International
ENVA
$6.44B
| $826K | ﹤0.01% |
+9,863
| New | +$764K |
|
503
Electronic Arts
EA
$53B
| $825K | ﹤0.01% |
5,749
| – | – |
|
504
Sunrun
RUN
$2.63B
| $813K | ﹤0.01% |
+45,001
| New | +$800K |
|
505
Editas Medicine
EDIT
$407M
| $811K | ﹤0.01% |
237,745
+112,857
| +90% | +$491K |
|
506
RXO
RXO
$3.42B
| $792K | ﹤0.01% |
+28,290
| New | +$799K |
|
507
Glaukos
GKOS
$10.1B
| $792K | ﹤0.01% |
+6,080
| New | +$757K |
|
508
FormFactor
FORM
$9.38B
| $783K | ﹤0.01% |
+17,025
| New | +$849K |
|
509
Century Aluminum
CENX
$4.47B
| $767K | ﹤0.01% |
47,255
+20,710
| +78% | +$314K |
|
510
BridgeBio Pharma
BBIO
$15.7B
| $767K | ﹤0.01% |
+30,119
| New | +$791K |
|
511
ACI Worldwide
ACIW
$5.83B
| $756K | ﹤0.01% |
+14,849
| New | +$679K |
|
512
Rocket Pharmaceuticals
RCKT
$376M
| $752K | ﹤0.01% |
40,740
+10,162
| +33% | +$208K |
|
|
KW
513
DELISTED
Kennedy-Wilson Holdings
KW
| $751K | ﹤0.01% |
+67,964
| New | +$720K |
|
514
Cushman & Wakefield Ltd
CWK
$3.18B
| $746K | ﹤0.01% |
+54,699
| New | +$690K |
|
515
Fabrinet
FN
$16.3B
| $745K | ﹤0.01% |
+3,151
| New | +$729K |
|
|
GOGL
516
DELISTED
Golden Ocean Group
GOGL
| $744K | ﹤0.01% |
+55,632
| New | +$692K |
|
|
NEE.PRR
517
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $738K | ﹤0.01% |
15,911
| – | – |
|
518
Alarm.com
ALRM
$2.76B
| $717K | ﹤0.01% |
13,118
+5,632
| +75% | +$346K |
|
519
Brinker International
EAT
$9.66B
| $705K | ﹤0.01% |
+9,213
| New | +$634K |
|
520
Leonardo DRS
DRS
$12.2B
| $703K | ﹤0.01% |
+24,919
| New | +$684K |
|
521
ADMA Biologics
ADMA
$2.07B
| $690K | ﹤0.01% |
+34,515
| New | +$537K |
|
522
Agilysys
AGYS
$3.09B
| $689K | ﹤0.01% |
+6,326
| New | +$677K |
|
523
LegalZoom.com
LZ
$1.42B
| $687K | ﹤0.01% |
+108,219
| New | +$708K |
|
524
Alphatec Holdings
ATEC
$1.56B
| $686K | ﹤0.01% |
+123,432
| New | +$948K |
|
525
Powell Industries
POWL
$7.7B
| $684K | ﹤0.01% |
+9,237
| New | +$503K |
|
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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.