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 | |
|---|---|---|---|---|---|---|
601
Evolent Health
EVH
$350M
| – | – |
-646,806
| Closed | -$18.3M |
|
602
Ferguson
FERG
$49.6B
| – | – |
-559,743
| Closed | -$110M |
|
603
National Beverage
FIZZ
$2.97B
| – | – |
-23,992
| Closed | -$1.13M |
|
604
FLEX LNG
FLNG
$1.65B
| – | – |
-57,406
| Closed | -$1.46M |
|
605
The GEO Group
GEO
$4.18B
| – | – |
-49,059
| Closed | -$630K |
|
606
Glaukos
GKOS
$10.1B
| – | – |
-6,080
| Closed | -$792K |
|
|
B
607
Barrick Mining
B
$64B
| – | – |
-1,348,672
| Closed | -$26.8M |
|
608
Helen of Troy
HELE
$658M
| – | – |
-10,895
| Closed | -$674K |
|
609
Humana
HUM
$43.5B
| – | – |
-333,725
| Closed | -$106M |
|
610
Icon
ICLR
$12.1B
| – | – |
-68,740
| Closed | -$19.7M |
|
611
Columbia India Consumer ETF
INCO
$238M
| – | – |
-97,057
| Closed | -$7.47M |
|
612
Innoviva
INVA
$1.54B
| – | – |
-66,056
| Closed | -$1.28M |
|
613
InvenTrust Properties
IVT
$2.66B
| – | – |
-23,400
| Closed | -$664K |
|
614
L3Harris
LHX
$53.1B
| – | – |
-1,670
| Closed | -$397K |
|
615
Lantheus
LNTH
$6.58B
| – | – |
-8,926
| Closed | -$980K |
|
616
LegalZoom.com
LZ
$1.44B
| – | – |
-108,219
| Closed | -$687K |
|
617
Merit Medical Systems
MMSI
$5.12B
| – | – |
-9,460
| Closed | -$935K |
|
618
Molina Healthcare
MOH
$9.99B
| – | – |
-63,402
| Closed | -$21.8M |
|
619
Merck
MRK
$316B
| – | – |
-1,080,765
| Closed | -$123M |
|
620
Mueller Water Products
MWA
$4.16B
| – | – |
-68,543
| Closed | -$1.49M |
|
621
MaxLinear
MXL
$6.6B
| – | – |
-528,694
| Closed | -$7.66M |
|
622
Intellia Therapeutics
NTLA
$1.58B
| – | – |
-47,899
| Closed | -$984K |
|
623
Plains All American Pipeline
PAA
$16.6B
| – | – |
-374,713
| Closed | -$6.51M |
|
624
Progyny
PGNY
$2.47B
| – | – |
-503,972
| Closed | -$8.45M |
|
625
Photronics
PLAB
$1.92B
| – | – |
-46,436
| Closed | -$1.15M |
|
Similar funds
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.