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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Biohaven
BHVN
$2.03B
| – | – |
-265,819
| Closed | -$14.5M |
|
577
B2Gold
BTG
$5B
| – | – |
-2,105,075
| Closed | -$5.49M |
|
578
CarGurus
CARG
$3.27B
| – | – |
-30,642
| Closed | -$707K |
|
579
CoreCivic
CXW
$2.96B
| – | – |
-78,717
| Closed | -$1.23M |
|
580
DoubleVerify
DV
$1.73B
| – | – |
-1,015,057
| Closed | -$35.7M |
|
581
Estee Lauder
EL
$30.4B
| – | – |
-1,888,884
| Closed | -$291M |
|
582
Enphase Energy
ENPH
$4.96B
| – | – |
-30,598
| Closed | -$3.7M |
|
583
EnerSys
ENS
$6.78B
| – | – |
-7,183
| Closed | -$679K |
|
584
Eversource Energy
ES
$26.9B
| – | – |
-602,032
| Closed | -$36M |
|
585
Five Below
FIVE
$12B
| – | – |
-138,459
| Closed | -$25.1M |
|
586
Freshworks
FRSH
$3.14B
| – | – |
-32,507
| Closed | -$592K |
|
587
Fastly Inc
FSLY
$3.55B
| – | – |
-1,058,111
| Closed | -$13.7M |
|
588
Goosehead Insurance
GSHD
$2.2B
| – | – |
-7,175
| Closed | -$478K |
|
589
Integra LifeSciences
IART
$1.29B
| – | – |
-181,299
| Closed | -$6.43M |
|
590
Disc Medicine
IRON
$2.96B
| – | – |
-193,240
| Closed | -$12M |
|
591
James River Group Holdings
JRVR
$208M
| – | – |
-913,267
| Closed | -$8.49M |
|
592
Knowles
KN
$3.13B
| – | – |
-76,254
| Closed | -$1.23M |
|
593
Live Oak Bancshares
LOB
$1.98B
| – | – |
-9,222
| Closed | -$383K |
|
594
Dorian LPG
LPG
$2.03B
| – | – |
-16,253
| Closed | -$625K |
|
595
Merit Medical Systems
MMSI
$5.08B
| – | – |
-8,656
| Closed | -$656K |
|
596
Marathon Petroleum
MPC
$92.4B
| – | – |
-76,423
| Closed | -$15.4M |
|
|
RC
597
Ready Capital
RC
$258M
| – | – |
-108,946
| Closed | -$995K |
|
|
SFBS
598
ServisFirst Bancshares
SFBS
$4.89B
| – | – |
-6,189
| Closed | -$411K |
|
599
SiteOne Landscape Supply
SITE
$4.12B
| – | – |
-177,793
| Closed | -$31M |
|
600
SLB Ltd
SLB
$73.6B
| – | – |
-397,383
| Closed | -$21.8M |
|
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Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.