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 | |
|---|---|---|---|---|---|---|
526
Intellia Therapeutics
NTLA
$1.57B
| $727K | ﹤0.01% |
23,848
+4,949
| +26% | +$142K |
|
527
Four Corners Property Trust
FCPT
$2.76B
| $723K | ﹤0.01% |
+28,574
| New | +$655K |
|
528
Perdoceo Education
PRDO
$2.06B
| $717K | ﹤0.01% |
+40,849
| New | +$720K |
|
529
Commercial Metals
CMC
$8.06B
| $711K | ﹤0.01% |
14,204
-5,053
| -26% | -$230K |
|
530
Adaptive Biotechnologies
ADPT
$3.89B
| $702K | ﹤0.01% |
143,220
+8,595
| +6% | +$39.2K |
|
531
Sprinklr
CXM
$1.57B
| $701K | ﹤0.01% |
58,239
+10,837
| +23% | +$149K |
|
532
RPC Inc
RES
$1.31B
| $693K | ﹤0.01% |
95,162
-7,315
| -7% | -$57.3K |
|
533
EnerSys
ENS
$7.1B
| $692K | ﹤0.01% |
+6,859
| New | +$631K |
|
|
CVSA
534
Covista Inc
CVSA
$4.42B
| $692K | ﹤0.01% |
11,735
-5,495
| -32% | -$293K |
|
|
AXON
535
Axon Enterprise
AXON
$48.8B
| $689K | ﹤0.01% |
2,667
-21,315
| -89% | -$4.8M |
|
536
Regenxbio
RGNX
$661M
| $689K | ﹤0.01% |
38,359
+493
| +1% | +$8.68K |
|
537
CareTrust REIT
CTRE
$9.66B
| $685K | ﹤0.01% |
+30,602
| New | +$677K |
|
538
Innoviva
INVA
$1.54B
| $677K | ﹤0.01% |
42,198
-42,873
| -50% | -$599K |
|
539
Sprouts Farmers Market
SFM
$8.03B
| $674K | ﹤0.01% |
14,012
+84
| +0.6% | +$3.67K |
|
540
TriNet
TNET
$3.17B
| $662K | ﹤0.01% |
+5,564
| New | +$636K |
|
|
CDMO
541
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $657K | ﹤0.01% |
101,147
-2,169,738
| -96% | -$14M |
|
542
Coursera
COUR
$1.74B
| $656K | ﹤0.01% |
+33,864
| New | +$647K |
|
|
PCH
543
DELISTED
PotlatchDeltic
PCH
| $653K | ﹤0.01% |
13,296
-2,494
| -16% | -$114K |
|
544
BioLife Solutions
BLFS
$1.58B
| $650K | ﹤0.01% |
39,978
-364,461
| -90% | -$4.65M |
|
|
PRMW
545
DELISTED
Primo Water Corporation
PRMW
| $644K | ﹤0.01% |
+42,821
| New | +$611K |
|
546
Verra Mobility
VRRM
$845M
| $643K | ﹤0.01% |
+27,933
| New | +$573K |
|
|
WIRE
547
DELISTED
Encore Wire Corp
WIRE
| $630K | ﹤0.01% |
2,951
-1,412
| -32% | -$269K |
|
548
Cinemark Holdings
CNK
$4.39B
| $625K | ﹤0.01% |
+44,345
| New | +$690K |
|
|
RDFN
549
DELISTED
Redfin
RDFN
| $618K | ﹤0.01% |
59,836
-1,183
| -2% | -$8.24K |
|
550
Hecla Mining
HL
$10.4B
| $617K | ﹤0.01% |
128,250
-39,874
| -24% | -$176K |
|
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.