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 | |
|---|---|---|---|---|---|---|
576
Starwood Property Trust
STWD
$6.01B
| $337K | ﹤0.01% |
16,018
+214
| +1% | +$4.2K |
|
577
Camtek
CAMT
$7.05B
| $331K | ﹤0.01% |
+4,764
| New | +$290K |
|
578
Monolithic Power Systems
MPWR
$66.5B
| $328K | ﹤0.01% |
520
-485
| -48% | -$253K |
|
579
NXP Semiconductors
NXPI
$59.8B
| $313K | ﹤0.01% |
1,361
-432,577
| -100% | -$87.1M |
|
580
ReNew
RNW
$2.3B
| $305K | ﹤0.01% |
39,855
| – | – |
|
581
S&P Global
SPGI
$122B
| $287K | ﹤0.01% |
651
-387,238
| -100% | -$153M |
|
582
Timken Company
TKR
$9.22B
| $253K | ﹤0.01% |
3,155
-1,112
| -26% | -$81.8K |
|
583
Sociedad Química y Minera de Chile
SQM
$19.6B
| $223K | ﹤0.01% |
3,699
| – | – |
|
|
AAT
584
American Assets Trust
AAT
$1.42B
| – | – |
-67,173
| Closed | -$1.31M |
|
585
Albemarle
ALB
$14.3B
| – | – |
-2,359
| Closed | -$401K |
|
586
Amkor Technology
AMKR
$14B
| – | – |
-40,332
| Closed | -$912K |
|
|
ANSS
587
DELISTED
Ansys
ANSS
| – | – |
-1,039
| Closed | -$309K |
|
588
Ascendis Pharma A/S
ASND
$16.1B
| – | – |
-159,434
| Closed | -$14.9M |
|
589
Armstrong World Industries
AWI
$7.71B
| – | – |
-98,511
| Closed | -$7.09M |
|
590
American States Water
AWR
$3.33B
| – | – |
-11,940
| Closed | -$939K |
|
|
DCH
591
Dauch Corp
DCH
$1.41B
| – | – |
-117,439
| Closed | -$853K |
|
592
Coupang
CPNG
$30.1B
| – | – |
-698,523
| Closed | -$11.9M |
|
593
Deckers Outdoor
DECK
$13.6B
| – | – |
-9,582
| Closed | -$821K |
|
594
Devon Energy
DVN
$50.8B
| – | – |
-181,354
| Closed | -$8.65M |
|
595
Entegris
ENTG
$21.9B
| – | – |
-101,457
| Closed | -$9.53M |
|
596
Etsy
ETSY
$8.19B
| – | – |
-407,357
| Closed | -$26.3M |
|
597
Evertec
EVTC
$1.98B
| – | – |
-29,290
| Closed | -$1.09M |
|
598
EXL Service
EXLS
$5.17B
| – | – |
-24,287
| Closed | -$681K |
|
599
First Solar
FSLR
$26.2B
| – | – |
-82,423
| Closed | -$13.3M |
|
600
General Mills
GIS
$19.4B
| – | – |
-3,917
| Closed | -$251K |
|
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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.