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 |
Spotify
SPOT
|
+$1.28B |
| 2 |
Walmart Inc
WMT
|
+$595M |
| 3 |
TSMC
TSM
|
+$567M |
| 4 |
Boeing
BA
|
+$565M |
| 5 |
Edwards Lifesciences
EW
|
+$526M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$1.78B |
| 2 |
Mercado Libre
MELI
|
+$1.44B |
| 3 |
ASML
ASML
|
+$1.05B |
| 4 |
Broadcom
AVGO
|
+$878M |
| 5 |
MongoDB
MDB
|
+$871M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.73% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 16.04% |
| 4 | Healthcare | 8.87% |
| 5 | Financials | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Rocket Pharmaceuticals
RCKT
$378M
| $884K | ﹤0.01% |
70,304
+29,564
| +73% | +$445K |
|
502
Hamilton Lane
HLNE
$5.52B
| $860K | ﹤0.01% |
5,808
-123,789
| -96% | -$22.1M |
|
503
Enova International
ENVA
$6.42B
| $855K | ﹤0.01% |
8,919
-944
| -10% | -$89.9K |
|
504
Brookfield Infrastructure
BIPC
$4.97B
| $847K | ﹤0.01% |
+21,165
| New | +$891K |
|
505
Abercrombie & Fitch
ANF
$4.88B
| $844K | ﹤0.01% |
+5,646
| New | +$825K |
|
506
Ross Stores
ROST
$80.8B
| $839K | ﹤0.01% |
5,547
-213,010
| -97% | -$31.3M |
|
507
Magnite
MGNI
$2.92B
| $818K | ﹤0.01% |
+51,373
| New | +$754K |
|
|
GMS
508
DELISTED
GMS Inc
GMS
| $815K | ﹤0.01% |
9,608
-371
| -4% | -$34.9K |
|
509
Mercury Insurance
MCY
$5.92B
| $811K | ﹤0.01% |
12,206
-1,324
| -10% | -$93.1K |
|
510
Myriad Genetics
MYGN
$301M
| $809K | ﹤0.01% |
59,015
+34,853
| +144% | +$643K |
|
|
LGF.B
511
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $808K | ﹤0.01% |
106,994
+10,115
| +10% | +$70.9K |
|
512
Embecta
EMBC
$227M
| $806K | ﹤0.01% |
39,012
-3,140
| -7% | -$51.5K |
|
|
SCS
513
DELISTED
Steelcase
SCS
| $797K | ﹤0.01% |
+67,444
| New | +$868K |
|
514
Zeta Global
ZETA
$5.96B
| $792K | ﹤0.01% |
44,018
+7,999
| +22% | +$202K |
|
515
Empire State Realty Trust
ESRT
$855M
| $791K | ﹤0.01% |
+76,670
| New | +$831K |
|
516
American Eagle Outfitters
AEO
$3.04B
| $784K | ﹤0.01% |
+47,055
| New | +$890K |
|
517
ACI Worldwide
ACIW
$5.78B
| $779K | ﹤0.01% |
15,008
+159
| +1% | +$8.46K |
|
518
ADMA Biologics
ADMA
$2.07B
| $766K | ﹤0.01% |
44,640
+10,125
| +29% | +$190K |
|
519
Alphatec Holdings
ATEC
$1.56B
| $765K | ﹤0.01% |
83,303
-40,129
| -33% | -$320K |
|
520
Century Aluminum
CENX
$4.68B
| $755K | ﹤0.01% |
41,457
-5,798
| -12% | -$114K |
|
521
Service Corp International
SCI
$11.6B
| $751K | ﹤0.01% |
9,408
-17,997
| -66% | -$1.47M |
|
|
VTLE
522
DELISTED
Vital Energy
VTLE
| $750K | ﹤0.01% |
+24,243
| New | +$719K |
|
523
Life Time Group Holdings
LTH
$10B
| $743K | ﹤0.01% |
33,600
-6,766
| -17% | -$162K |
|
524
UFP Industries
UFPI
$5.28B
| $740K | ﹤0.01% |
6,566
-3,488
| -35% | -$450K |
|
525
Halozyme
HALO
$9.92B
| $731K | ﹤0.01% |
+15,291
| New | +$784K |
|
Similar funds
Jennison Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Jennison Associates held 642 positions worth $165B, up 2.2% from $161B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $6.01B in Q4 2024, closing 70 positions and reducing 253 holdings. Its most notable exit was Centene, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in Spotify worth $1.34B.
- Jennison Associates's largest Q4 2024 buy was Spotify: 2,985,326 shares worth $1.34B.
- Jennison Associates added most to Walmart Inc in Q4 2024, an estimated $595M increase.
- Jennison Associates's biggest Q4 2024 reduction was Eli Lilly, cutting an estimated $1.78B.
- Jennison Associates fully exited Centene in Q4 2024, selling an estimated $129M.
- Jennison Associates's ten largest holdings make up 47% of its $165B portfolio in Q4 2024.
- Jennison Associates opened 84 new positions and closed 70 in Q4 2024.
- Jennison Associates's portfolio value rose 2.2% quarter-over-quarter to $165B.
Based on Jennison Associates's 13F filing for Q4 2024, filed 24 Jan 2025.