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 | |
|---|---|---|---|---|---|---|
|
DX
576
Dynex Capital
DX
$3.15B
| – | – |
-53,379
| Closed | -$637K |
|
577
Equinix
EQIX
$102B
| – | – |
-4,569
| Closed | -$3.46M |
|
578
Energy Recovery
ERII
$459M
| – | – |
-65,611
| Closed | -$872K |
|
579
Four Corners Property Trust
FCPT
$2.78B
| – | – |
-30,388
| Closed | -$750K |
|
580
Fluor
FLR
$7.01B
| – | – |
-12,699
| Closed | -$553K |
|
581
Fortrea Holdings
FTRE
$1.71B
| – | – |
-833,790
| Closed | -$19.5M |
|
582
Guardant Health
GH
$21.3B
| – | – |
-497,088
| Closed | -$14.4M |
|
583
Structure Therapeutics
GPCR
$3.44B
| – | – |
-314,503
| Closed | -$12.4M |
|
584
Green Brick Partners
GRBK
$3.09B
| – | – |
-14,971
| Closed | -$857K |
|
585
Halliburton
HAL
$27B
| – | – |
-1,988,031
| Closed | -$67.2M |
|
|
HES
586
DELISTED
Hess
HES
| – | – |
-27,600
| Closed | -$4.07M |
|
587
Howard Hughes
HHH
$3.89B
| – | – |
-127,392
| Closed | -$7.87M |
|
|
HOLX
588
DELISTED
Hologic
HOLX
| – | – |
-482,344
| Closed | -$35.8M |
|
|
HPP
589
Hudson Pacific Properties
HPP
$786M
| – | – |
-20,477
| Closed | -$689K |
|
590
Inspire Medical Systems
INSP
$1.5B
| – | – |
-9,104
| Closed | -$1.22M |
|
591
Intel
INTC
$509B
| – | – |
-102,767
| Closed | -$3.18M |
|
592
Iovance Biotherapeutics
IOVA
$1.93B
| – | – |
-58,084
| Closed | -$466K |
|
593
IQVIA
IQV
$38.4B
| – | – |
-7,710
| Closed | -$1.63M |
|
594
James Hardie Industries
JHX
$16.1B
| – | – |
-240,174
| Closed | -$7.58M |
|
595
Macerich
MAC
$7.34B
| – | – |
-38,921
| Closed | -$601K |
|
596
Marathon Digital Holdings
MARA
$4.48B
| – | – |
-30,323
| Closed | -$602K |
|
597
Matsons
MATX
$6.28B
| – | – |
-8,829
| Closed | -$1.16M |
|
598
Medpace
MEDP
$16B
| – | – |
-3,285
| Closed | -$1.35M |
|
599
Martin Marietta Materials
MLM
$33.4B
| – | – |
-149,700
| Closed | -$81.1M |
|
600
Strategy Inc
MSTR
$35.7B
| – | – |
-7,040
| Closed | -$970K |
|
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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.