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 | |
|---|---|---|---|---|---|---|
551
FLEX LNG
FLNG
$1.65B
| $611K | ﹤0.01% |
+21,029
| New | +$631K |
|
552
Glaukos
GKOS
$9.99B
| $608K | ﹤0.01% |
+7,649
| New | +$522K |
|
553
Sterling Infrastructure
STRL
$16.7B
| $607K | ﹤0.01% |
+6,906
| New | +$499K |
|
|
NEE.PRR
554
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $607K | ﹤0.01% |
15,911
| – | – |
|
555
Waste Management
WM
$89.9B
| $599K | ﹤0.01% |
3,345
+1,302
| +64% | +$218K |
|
556
Haemonetics
HAE
$3.94B
| $582K | ﹤0.01% |
6,806
-4
| -0.1% | -$346 |
|
|
RC
557
Ready Capital
RC
$283M
| $581K | ﹤0.01% |
56,672
-15,734
| -22% | -$160K |
|
558
Goosehead Insurance
GSHD
$2.37B
| $544K | ﹤0.01% |
7,175
+383
| +6% | +$27.7K |
|
559
Onto Innovation
ONTO
$14.6B
| $533K | ﹤0.01% |
3,487
-422
| -11% | -$56.8K |
|
560
AppFolio
APPF
$6.94B
| $513K | ﹤0.01% |
2,963
+925
| +45% | +$173K |
|
561
Carvana
CVNA
$75.5B
| $500K | ﹤0.01% |
+47,265
| New | +$354K |
|
562
Marathon Digital Holdings
MARA
$4.5B
| $499K | ﹤0.01% |
+21,234
| New | +$268K |
|
|
ARCH
563
DELISTED
Arch Resources, Inc.
ARCH
| $492K | ﹤0.01% |
2,963
+39
| +1% | +$6.13K |
|
564
Equinor
EQNR
$93B
| $478K | ﹤0.01% |
15,117
-5,133
| -25% | -$166K |
|
565
Vanguard Morningstar Growth ETF
VUG
$231B
| $430K | ﹤0.01% |
8,304
-15,798
| -66% | -$763K |
|
566
Live Oak Bancshares
LOB
$2.06B
| $418K | ﹤0.01% |
+9,176
| New | +$308K |
|
|
SFBS
567
ServisFirst Bancshares
SFBS
$5.01B
| $409K | ﹤0.01% |
+6,141
| New | +$332K |
|
568
Celsius Holdings
CELH
$7.54B
| $396K | ﹤0.01% |
7,262
-2,944
| -29% | -$157K |
|
569
Duke Energy
DUK
$97B
| $385K | ﹤0.01% |
+3,965
| New | +$361K |
|
570
Danaher
DHR
$139B
| $377K | ﹤0.01% |
1,631
-388
| -19% | -$82.6K |
|
571
Citigroup
C
$230B
| $376K | ﹤0.01% |
+7,302
| New | +$323K |
|
572
Atlassian
TEAM
$27.8B
| $361K | ﹤0.01% |
1,516
-127
| -8% | -$24.9K |
|
573
Itron
ITRI
$4.55B
| $356K | ﹤0.01% |
4,716
+684
| +17% | +$44.5K |
|
574
L3Harris
LHX
$53.2B
| $355K | ﹤0.01% |
+1,685
| New | +$316K |
|
575
Kraft Heinz
KHC
$31.4B
| $344K | ﹤0.01% |
9,307
-8,242
| -47% | -$280K |
|
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.