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 | |
|---|---|---|---|---|---|---|
526
Iovance Biotherapeutics
IOVA
$1.94B
| $741K | ﹤0.01% |
50,029
-41,126
| -45% | -$479K |
|
527
Four Corners Property Trust
FCPT
$2.77B
| $734K | ﹤0.01% |
29,982
+1,408
| +5% | +$33.9K |
|
528
Rocket Pharmaceuticals
RCKT
$382M
| $722K | ﹤0.01% |
26,783
+903
| +3% | +$25.6K |
|
529
Carvana
CVNA
$76.4B
| $712K | ﹤0.01% |
40,485
-6,780
| -14% | -$82.8K |
|
530
Phreesia
PHR
$710M
| $712K | ﹤0.01% |
29,733
-9,045
| -23% | -$225K |
|
531
CarGurus
CARG
$3.34B
| $707K | ﹤0.01% |
+30,642
| New | +$709K |
|
532
iShares North American Natural Resources ETF
IGE
$747M
| $690K | ﹤0.01% |
15,344
-30,033
| -66% | -$1.23M |
|
533
EnerSys
ENS
$6.92B
| $679K | ﹤0.01% |
7,183
+324
| +5% | +$30.5K |
|
534
Matador Resources
MTDR
$5.84B
| $675K | ﹤0.01% |
+10,103
| New | +$601K |
|
535
Sunstone Hotel Investors
SHO
$2.18B
| $661K | ﹤0.01% |
+59,340
| New | +$648K |
|
536
Hexcel
HXL
$7.89B
| $657K | ﹤0.01% |
9,018
-960,016
| -99% | -$69.1M |
|
537
Merit Medical Systems
MMSI
$5.21B
| $656K | ﹤0.01% |
8,656
-5,110
| -37% | -$394K |
|
538
DigitalBridge
DBRG
$2.94B
| $650K | ﹤0.01% |
+33,745
| New | +$635K |
|
539
Waste Management
WM
$89.7B
| $648K | ﹤0.01% |
3,042
-303
| -9% | -$59.5K |
|
540
Visteon
VC
$2.79B
| $646K | ﹤0.01% |
+5,493
| New | +$641K |
|
541
Marathon Digital Holdings
MARA
$4.29B
| $644K | ﹤0.01% |
28,514
+7,280
| +34% | +$159K |
|
|
ITCI
542
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $637K | ﹤0.01% |
+9,212
| New | +$633K |
|
543
Yelp
YELP
$1.46B
| $633K | ﹤0.01% |
+16,076
| New | +$666K |
|
544
Bread Financial
BFH
$4.54B
| $631K | ﹤0.01% |
+16,956
| New | +$602K |
|
|
RDFN
545
DELISTED
Redfin
RDFN
| $626K | ﹤0.01% |
94,199
+34,363
| +57% | +$261K |
|
546
Dorian LPG
LPG
$1.84B
| $625K | ﹤0.01% |
16,253
-3,022
| -16% | -$116K |
|
|
NEE.PRR
547
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $619K | ﹤0.01% |
15,911
| – | – |
|
548
Celsius Holdings
CELH
$7.45B
| $606K | ﹤0.01% |
7,313
+51
| +0.7% | +$3.5K |
|
549
Macerich
MAC
$7.2B
| $602K | ﹤0.01% |
+34,923
| New | +$569K |
|
550
Viking Therapeutics
VKTX
$3.91B
| $598K | ﹤0.01% |
+7,290
| New | +$324K |
|
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.