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 | |
|---|---|---|---|---|---|---|
|
ALEX
526
DELISTED
Alexander & Baldwin
ALEX
| $730K | ﹤0.01% |
+41,177
| New | +$776K |
|
527
Electronic Arts
EA
$53B
| $720K | ﹤0.01% |
4,918
-831
| -14% | -$128K |
|
528
Modine Manufacturing
MOD
$11B
| $700K | ﹤0.01% |
6,039
-234
| -4% | -$30.1K |
|
|
GOGL
529
DELISTED
Golden Ocean Group
GOGL
| $667K | ﹤0.01% |
74,443
+18,811
| +34% | +$203K |
|
|
IAS
530
DELISTED
Integral Ad Science
IAS
| $663K | ﹤0.01% |
63,538
+2,046
| +3% | +$22.4K |
|
531
Powell Industries
POWL
$7.18B
| $661K | ﹤0.01% |
8,943
-294
| -3% | -$26.3K |
|
532
Griffon
GFF
$4.16B
| $659K | ﹤0.01% |
+9,247
| New | +$671K |
|
533
Champion Homes
SKY
$4.54B
| $659K | ﹤0.01% |
+7,475
| New | +$723K |
|
|
NEE.PRR
534
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $651K | ﹤0.01% |
15,911
| – | – |
|
|
AZEK
535
DELISTED
The AZEK Co
AZEK
| $642K | ﹤0.01% |
13,527
-460,529
| -97% | -$22M |
|
536
Planet Labs
PL
$8.17B
| $638K | ﹤0.01% |
+157,942
| New | +$490K |
|
537
CNX Resources
CNX
$5.22B
| $636K | ﹤0.01% |
+17,340
| New | +$639K |
|
538
ProPetro Holding
PUMP
$1.36B
| $635K | ﹤0.01% |
68,099
-72,279
| -51% | -$595K |
|
539
Insight Enterprises
NSIT
$4.02B
| $629K | ﹤0.01% |
4,133
+1,175
| +40% | +$210K |
|
540
Kura Oncology
KURA
$826M
| $623K | ﹤0.01% |
+71,497
| New | +$1.03M |
|
541
Compass
COMP
$9B
| $595K | ﹤0.01% |
101,734
-44,344
| -30% | -$281K |
|
542
Sunrun
RUN
$2.53B
| $569K | ﹤0.01% |
61,498
+16,497
| +37% | +$205K |
|
543
Archrock
AROC
$6.1B
| $563K | ﹤0.01% |
22,636
-39,342
| -63% | -$911K |
|
544
Upstart Holdings
UPST
$2.88B
| $560K | ﹤0.01% |
+9,099
| New | +$567K |
|
545
Arm
ARM
$276B
| $559K | ﹤0.01% |
4,535
+1,666
| +58% | +$235K |
|
546
ICU Medical
ICUI
$4.31B
| $556K | ﹤0.01% |
+3,586
| New | +$606K |
|
547
Transmedics
TMDX
$2.77B
| $555K | ﹤0.01% |
+8,901
| New | +$829K |
|
548
Sally Beauty Holdings
SBH
$1.51B
| $553K | ﹤0.01% |
+52,951
| New | +$677K |
|
|
TGNA
549
DELISTED
TEGNA Inc
TGNA
| $550K | ﹤0.01% |
+30,084
| New | +$526K |
|
550
Magnolia Oil & Gas
MGY
$5.84B
| $549K | ﹤0.01% |
23,491
-345
| -1% | -$8.96K |
|
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.