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 | |
|---|---|---|---|---|---|---|
|
CVSA
576
Covista Inc
CVSA
$4.42B
| – | – |
-11,735
| Closed | -$692K |
|
577
Alibaba
BABA
$308B
| – | – |
-118,341
| Closed | -$9.17M |
|
578
BridgeBio Pharma
BBIO
$16.1B
| – | – |
-19,357
| Closed | -$781K |
|
579
Belden
BDC
$5.01B
| – | – |
-17,127
| Closed | -$1.32M |
|
580
Baidu
BIDU
$37.7B
| – | – |
-85,306
| Closed | -$10.2M |
|
581
BioLife Solutions
BLFS
$1.65B
| – | – |
-39,978
| Closed | -$650K |
|
582
BioMarin Pharmaceuticals
BMRN
$11.7B
| – | – |
-332,018
| Closed | -$32M |
|
583
Broadstone Net Lease
BNL
$4.07B
| – | – |
-60,809
| Closed | -$1.05M |
|
584
BellRing Brands
BRBR
$1.47B
| – | – |
-17,256
| Closed | -$957K |
|
585
Boyd Gaming
BYD
$6.13B
| – | – |
-176,979
| Closed | -$11.1M |
|
586
CBIZ
CBZ
$2.97B
| – | – |
-18,032
| Closed | -$1.13M |
|
|
CHX
587
DELISTED
ChampionX
CHX
| – | – |
-25,053
| Closed | -$732K |
|
588
Cinemark Holdings
CNK
$4.38B
| – | – |
-44,345
| Closed | -$625K |
|
589
Core & Main
CNM
$8.71B
| – | – |
-179,419
| Closed | -$7.25M |
|
590
Coursera
COUR
$1.66B
| – | – |
-33,864
| Closed | -$656K |
|
591
CareTrust REIT
CTRE
$9.65B
| – | – |
-30,602
| Closed | -$685K |
|
592
Sprinklr
CXM
$1.57B
| – | – |
-58,239
| Closed | -$701K |
|
593
Deere & Co
DE
$165B
| – | – |
-47,429
| Closed | -$19M |
|
|
DENN
594
DELISTED
Denny's
DENN
| – | – |
-92,496
| Closed | -$1.01M |
|
595
Duke Energy
DUK
$96.2B
| – | – |
-3,965
| Closed | -$385K |
|
596
Essential Properties Realty Trust
EPRT
$6.65B
| – | – |
-32,576
| Closed | -$833K |
|
597
Equinor
EQNR
$90.6B
| – | – |
-15,117
| Closed | -$478K |
|
598
EQT Corp
EQT
$32B
| – | – |
-231,335
| Closed | -$8.94M |
|
599
Exelixis
EXEL
$14.3B
| – | – |
-164,200
| Closed | -$3.94M |
|
600
EyePoint Inc
EYPT
$1.03B
| – | – |
-1,066,240
| Closed | -$24.6M |
|
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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.