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 | |
|---|---|---|---|---|---|---|
601
Structure Therapeutics
GPCR
$3.56B
| – | – |
-420,479
| Closed | -$21.2M |
|
602
Humana
HUM
$43.6B
| – | – |
-186,458
| Closed | -$90.7M |
|
603
Ironwood Pharmaceuticals
IRWD
$718M
| – | – |
-71,240
| Closed | -$686K |
|
604
Kinder Morgan
KMI
$69.3B
| – | – |
-322,691
| Closed | -$5.35M |
|
605
Lattice Semiconductor
LSCC
$18.2B
| – | – |
-27,431
| Closed | -$2.36M |
|
606
Magnolia Oil & Gas
MGY
$5.67B
| – | – |
-23,818
| Closed | -$546K |
|
607
Marten Transport
MRTN
$1.22B
| – | – |
-33,797
| Closed | -$666K |
|
608
Maravai LifeSciences
MRVI
$947M
| – | – |
-2,547,753
| Closed | -$25.5M |
|
609
Neogen
NEOG
$2.54B
| – | – |
-31,135
| Closed | -$577K |
|
610
NextDecade
NEXT
$1.71B
| – | – |
-982,522
| Closed | -$5.03M |
|
|
NOVA
611
DELISTED
Sunnova Energy
NOVA
| – | – |
-24,858
| Closed | -$260K |
|
612
NETSCOUT
NTCT
$3.03B
| – | – |
-25,929
| Closed | -$727K |
|
613
O-I Glass
OI
$1.17B
| – | – |
-44,742
| Closed | -$749K |
|
614
Outset Medical
OM
$92.7M
| – | – |
-50,813
| Closed | -$8.29M |
|
615
Pacira BioSciences
PCRX
$985M
| – | – |
-621,679
| Closed | -$19.1M |
|
616
Paylocity
PCTY
$7.71B
| – | – |
-1,125
| Closed | -$204K |
|
617
PagerDuty
PD
$855M
| – | – |
-857,625
| Closed | -$19.3M |
|
618
Prothena Corp
PRTA
$447M
| – | – |
-55,579
| Closed | -$2.68M |
|
619
Patterson-UTI
PTEN
$3.71B
| – | – |
-388,995
| Closed | -$5.38M |
|
620
Radian Group
RDN
$5.19B
| – | – |
-27,030
| Closed | -$679K |
|
621
SolarEdge
SEDG
$2.24B
| – | – |
-32,948
| Closed | -$4.27M |
|
|
SEM
622
DELISTED
Select Medical
SEM
| – | – |
-63,746
| Closed | -$868K |
|
623
Sarepta Therapeutics
SRPT
$1.73B
| – | – |
-138,388
| Closed | -$16.8M |
|
|
TIXT
624
DELISTED
TELUS International
TIXT
| – | – |
-48,398
| Closed | -$369K |
|
625
Ulta Beauty
ULTA
$23.1B
| – | – |
-1,130,379
| Closed | -$452M |
|
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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.