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 |
Ferrari
RACE
|
+$1.18B |
| 2 |
Walmart Inc
WMT
|
+$1.12B |
| 3 |
GE Aerospace
GE
|
+$630M |
| 4 |
DexCom
DXCM
|
+$537M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$409M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.13B |
| 2 |
Chipotle Mexican Grill
CMG
|
+$907M |
| 3 |
Advanced Micro Devices
AMD
|
+$750M |
| 4 |
Microsoft
MSFT
|
+$654M |
| 5 |
Visa
V
|
+$550M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.5% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 14.22% |
| 4 | Healthcare | 11.56% |
| 5 | Financials | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
iShares S&P 500 Growth ETF
IVW
$77.3B
| $315K | ﹤0.01% |
+3,289
| New | +$304K |
|
552
MasTec
MTZ
$21B
| $305K | ﹤0.01% |
2,479
| – | – |
|
553
lululemon athletica
LULU
$14B
| $296K | ﹤0.01% |
1,091
-364
| -25% | -$96.6K |
|
554
Starwood Property Trust
STWD
$5.92B
| $296K | ﹤0.01% |
14,525
| – | – |
|
555
Hexcel
HXL
$7.73B
| $223K | ﹤0.01% |
3,608
-1,430
| -28% | -$89.9K |
|
556
Samsara
IOT
$21.6B
| $211K | ﹤0.01% |
+4,388
| New | +$178K |
|
|
ARCH
557
DELISTED
Arch Resources, Inc.
ARCH
| $209K | ﹤0.01% |
1,516
-1,171
| -44% | -$161K |
|
558
ReNew
RNW
$2.29B
| $203K | ﹤0.01% |
32,333
-109,375
| -77% | -$648K |
|
559
Alcoa
AA
$12.4B
| – | – |
-380,033
| Closed | -$15.1M |
|
560
Alkermes
ALKS
$8.31B
| – | – |
-54,488
| Closed | -$1.31M |
|
561
Applovin
APP
$141B
| – | – |
-28,305
| Closed | -$2.36M |
|
562
Array Technologies
ARRY
$873M
| – | – |
-11,192
| Closed | -$115K |
|
563
Academy Sports + Outdoors
ASO
$3.01B
| – | – |
-15,677
| Closed | -$835K |
|
564
Atkore
ATKR
$3.16B
| – | – |
-4,691
| Closed | -$633K |
|
565
Becton Dickinson
BDX
$46.9B
| – | – |
-419,320
| Closed | -$98M |
|
566
Bread Financial
BFH
$4.48B
| – | – |
-15,144
| Closed | -$675K |
|
567
Celsius Holdings
CELH
$7.55B
| – | – |
-10,493
| Closed | -$599K |
|
568
CleanSpark
CLSK
$3.64B
| – | – |
-20,491
| Closed | -$327K |
|
|
569
Chipotle Mexican Grill
CMG
$42.8B
| – | – |
-14,472,060
| Closed | -$907M |
|
570
Cinemark Holdings
CNK
$4.39B
| – | – |
-39,027
| Closed | -$844K |
|
571
CONMED
CNMD
$1.55B
| – | – |
-7,806
| Closed | -$541K |
|
572
Citi Trends
CTRN
$582M
| – | – |
-375,441
| Closed | -$7.98M |
|
573
Carvana
CVNA
$72.7B
| – | – |
-40,935
| Closed | -$1.05M |
|
574
DigitalBridge
DBRG
$2.93B
| – | – |
-69,194
| Closed | -$948K |
|
575
Dynatrace
DT
$13.3B
| – | – |
-8,481
| Closed | -$379K |
|
Similar funds
Jennison Associates's Q3 2024 Portfolio in Review
As of Q3 2024, Jennison Associates held 655 positions worth $161B, up 3.2% from $156B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Jennison Associates's Q3 2024 filing shows 83 new, 246 increased, 210 reduced and 97 closed positions. Its largest new stake was NVR: 35,523 shares worth $349M. The largest sale was NVIDIA, an estimated $1.13B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 40% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2024 buy was NVR: 35,523 shares worth $349M.
- Jennison Associates added most to Ferrari in Q3 2024, an estimated $1.18B increase.
- Jennison Associates's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $1.13B.
- Jennison Associates fully exited Chipotle Mexican Grill in Q3 2024, selling an estimated $907M.
- Jennison Associates's ten largest holdings make up 46% of its $161B portfolio in Q3 2024.
- Jennison Associates opened 83 new positions and closed 97 in Q3 2024.
- Jennison Associates's portfolio value rose 3.2% quarter-over-quarter to $161B.
Based on Jennison Associates's 13F filing for Q3 2024, filed 8 Nov 2024.