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 | |
|---|---|---|---|---|---|---|
551
Freshworks
FRSH
$3.18B
| $592K | ﹤0.01% |
32,507
+536
| +2% | +$11.1K |
|
552
ABM Industries
ABM
$2.87B
| $578K | ﹤0.01% |
+12,948
| New | +$543K |
|
553
Adaptive Biotechnologies
ADPT
$3.91B
| $561K | ﹤0.01% |
174,767
+31,547
| +22% | +$122K |
|
554
Select Water Solutions
WTTR
$2.77B
| $555K | ﹤0.01% |
+60,096
| New | +$484K |
|
555
Dynatrace
DT
$14.8B
| $539K | ﹤0.01% |
11,605
-713,062
| -98% | -$37.1M |
|
556
Itron
ITRI
$4.62B
| $520K | ﹤0.01% |
5,625
+909
| +19% | +$73.2K |
|
557
L3Harris
LHX
$53.3B
| $502K | ﹤0.01% |
2,354
+669
| +40% | +$141K |
|
558
Monolithic Power Systems
MPWR
$66.1B
| $479K | ﹤0.01% |
707
+187
| +36% | +$125K |
|
559
Goosehead Insurance
GSHD
$2.38B
| $478K | ﹤0.01% |
7,175
| – | – |
|
560
Kraft Heinz
KHC
$30.5B
| $462K | ﹤0.01% |
12,527
+3,220
| +35% | +$117K |
|
561
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $451K | ﹤0.01% |
8,451
-62,916
| -88% | -$3.23M |
|
|
ARCH
562
DELISTED
Arch Resources, Inc.
ARCH
| $442K | ﹤0.01% |
2,749
-214
| -7% | -$36.6K |
|
563
Mettler-Toledo International
MTD
$28.5B
| $429K | ﹤0.01% |
+322
| New | +$397K |
|
564
Hubbell
HUBB
$27.1B
| $428K | ﹤0.01% |
+1,031
| New | +$373K |
|
|
SFBS
565
ServisFirst Bancshares
SFBS
$4.94B
| $411K | ﹤0.01% |
6,189
+48
| +0.8% | +$3.05K |
|
566
Live Oak Bancshares
LOB
$2.03B
| $383K | ﹤0.01% |
9,222
+46
| +0.5% | +$1.83K |
|
567
Danaher
DHR
$140B
| $378K | ﹤0.01% |
1,514
-117
| -7% | -$28.6K |
|
568
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
| $371K | ﹤0.01% |
666
-1,169
| -64% | -$606K |
|
569
Vanguard Morningstar Growth ETF
VUG
$230B
| $336K | ﹤0.01% |
5,868
-2,436
| -29% | -$134K |
|
570
Starwood Property Trust
STWD
$6.01B
| $302K | ﹤0.01% |
14,861
-1,157
| -7% | -$23.4K |
|
571
NXP Semiconductors
NXPI
$58.3B
| $273K | ﹤0.01% |
1,103
-258
| -19% | -$59.6K |
|
572
MasTec
MTZ
$21.4B
| $231K | ﹤0.01% |
+2,479
| New | +$189K |
|
573
Adient
ADNT
$1.61B
| – | – |
-22,504
| Closed | -$818K |
|
574
APi Group
APG
$18.1B
| – | – |
-75,617
| Closed | -$1.74M |
|
575
Arm
ARM
$293B
| – | – |
-7,346,660
| Closed | -$552M |
|
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.