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 | |
|---|---|---|---|---|---|---|
576
Alarm.com
ALRM
$2.75B
| – | – |
-13,118
| Closed | -$717K |
|
577
Amphenol
APH
$201B
| – | – |
-313,669
| Closed | -$20.4M |
|
578
Aptiv
APTV
$12.1B
| – | – |
-321,358
| Closed | -$23.1M |
|
579
Alexandria Real Estate Equities
ARE
$9.24B
| – | – |
-391,475
| Closed | -$46.5M |
|
580
Avista
AVA
$3.31B
| – | – |
-29,236
| Closed | -$1.13M |
|
581
Avery Dennison
AVY
$13.2B
| – | – |
-171,763
| Closed | -$37.9M |
|
582
BridgeBio Pharma
BBIO
$15.7B
| – | – |
-30,119
| Closed | -$767K |
|
583
Brunswick
BC
$5.16B
| – | – |
-207,265
| Closed | -$17.4M |
|
584
Buckle
BKE
$2.37B
| – | – |
-32,626
| Closed | -$1.43M |
|
|
BLD
585
DELISTED
TopBuild
BLD
| – | – |
-114,030
| Closed | -$46.4M |
|
586
Bloomin' Brands
BLMN
$774M
| – | – |
-1,411,200
| Closed | -$23.3M |
|
587
Coeur Mining
CDE
$16B
| – | – |
-84,089
| Closed | -$579K |
|
588
CDW
CDW
$18.9B
| – | – |
-6,936
| Closed | -$1.57M |
|
589
Chord Energy
CHRD
$7.84B
| – | – |
-243,135
| Closed | -$31.7M |
|
|
CHX
590
DELISTED
ChampionX
CHX
| – | – |
-22,359
| Closed | -$674K |
|
591
Celldex Therapeutics
CLDX
$2.96B
| – | – |
-1,324,410
| Closed | -$45M |
|
592
Commercial Metals
CMC
$7.77B
| – | – |
-18,189
| Closed | -$1,000K |
|
593
Centene
CNC
$31.5B
| – | – |
-1,708,163
| Closed | -$129M |
|
594
ConocoPhillips
COP
$145B
| – | – |
-73,845
| Closed | -$7.77M |
|
595
CSX Corp
CSX
$92.3B
| – | – |
-69,380
| Closed | -$2.4M |
|
596
Cenovus Energy
CVE
$54.5B
| – | – |
-676,981
| Closed | -$11.3M |
|
597
Cushman & Wakefield Ltd
CWK
$3.18B
| – | – |
-54,699
| Closed | -$746K |
|
598
Danaher
DHR
$139B
| – | – |
-1,152
| Closed | -$320K |
|
599
Brinker International
EAT
$9.66B
| – | – |
-9,213
| Closed | -$705K |
|
600
Editas Medicine
EDIT
$407M
| – | – |
-237,745
| Closed | -$811K |
|
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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.