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 | |
|---|---|---|---|---|---|---|
551
Dole
DOLE
$1.36B
| $527K | ﹤0.01% |
+38,905
| New | +$597K |
|
552
Micron Technology
MU
$937B
| $514K | ﹤0.01% |
6,112
-4,631
| -43% | -$471K |
|
553
Waste Management
WM
$90.5B
| $513K | ﹤0.01% |
2,543
-4,679
| -65% | -$1M |
|
554
Onto Innovation
ONTO
$13.4B
| $509K | ﹤0.01% |
3,052
+745
| +32% | +$136K |
|
|
RWT
555
Redwood Trust
RWT
$580M
| $508K | ﹤0.01% |
+77,793
| New | +$560K |
|
556
DigitalBridge
DBRG
$2.93B
| $506K | ﹤0.01% |
+44,825
| New | +$603K |
|
|
HEES
557
DELISTED
H&E Equipment Services
HEES
| $498K | ﹤0.01% |
+10,170
| New | +$554K |
|
558
Iovance Biotherapeutics
IOVA
$1.93B
| $493K | ﹤0.01% |
+66,568
| New | +$617K |
|
559
Kura Sushi USA
KRUS
$580M
| $480K | ﹤0.01% |
5,298
-8
| -0.2% | -$748 |
|
560
Cabot Corp
CBT
$4.62B
| $470K | ﹤0.01% |
5,150
-8,117
| -61% | -$872K |
|
|
NEE.PRT
561
NextEra Energy 7.234% Corporate Units
NEE.PRT
$1.47B
| $459K | ﹤0.01% |
+10,076
| New | +$475K |
|
562
Primoris Services
PRIM
$4.77B
| $429K | ﹤0.01% |
+5,621
| New | +$411K |
|
563
lululemon athletica
LULU
$14B
| $411K | ﹤0.01% |
1,074
-17
| -2% | -$5.55K |
|
564
Innodata
INOD
$2.07B
| $402K | ﹤0.01% |
+10,169
| New | +$320K |
|
565
PPG Industries
PPG
$25.3B
| $326K | ﹤0.01% |
2,726
-1,671
| -38% | -$209K |
|
566
Kraft Heinz
KHC
$31.3B
| $322K | ﹤0.01% |
10,474
-1,771
| -14% | -$58K |
|
567
Camtek
CAMT
$6.52B
| $269K | ﹤0.01% |
3,326
-4,321
| -57% | -$340K |
|
568
Starwood Property Trust
STWD
$5.92B
| $235K | ﹤0.01% |
12,425
-2,100
| -14% | -$41.6K |
|
569
Global E Online
GLBE
$6.75B
| $227K | ﹤0.01% |
+4,166
| New | +$189K |
|
570
Hexcel
HXL
$7.73B
| $226K | ﹤0.01% |
3,608
| – | – |
|
571
iShares MSCI EAFE ETF
EFA
$78.4B
| $221K | ﹤0.01% |
+2,927
| New | +$232K |
|
572
ReNew
RNW
$2.29B
| $221K | ﹤0.01% |
32,333
| – | – |
|
573
ABM Industries
ABM
$2.86B
| – | – |
-22,616
| Closed | -$1.19M |
|
574
Acadia Healthcare
ACHC
$2.85B
| – | – |
-695,861
| Closed | -$44.1M |
|
575
Agilysys
AGYS
$3.09B
| – | – |
-6,326
| Closed | -$689K |
|
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.