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 | |
|---|---|---|---|---|---|---|
626
RPC Inc
RES
$1.28B
| – | – |
-111,738
| Closed | -$698K |
|
|
REVG
627
DELISTED
REV Group
REVG
| – | – |
-22,029
| Closed | -$548K |
|
628
Transocean
RIG
$5.78B
| – | – |
-787,019
| Closed | -$4.21M |
|
629
Rambus
RMBS
$10B
| – | – |
-6,769
| Closed | -$398K |
|
630
Seadrill
SDRL
$2.66B
| – | – |
-13,172
| Closed | -$678K |
|
631
Sprouts Farmers Market
SFM
$8.28B
| – | – |
-7,142
| Closed | -$598K |
|
632
Sunstone Hotel Investors
SHO
$2.18B
| – | – |
-66,874
| Closed | -$700K |
|
633
Tanger
SKT
$4.68B
| – | – |
-22,200
| Closed | -$602K |
|
634
SM Energy
SM
$7.66B
| – | – |
-25,627
| Closed | -$1.11M |
|
635
Super Micro Computer
SMCI
$20.5B
| – | – |
-21,150
| Closed | -$1.73M |
|
|
SNCY
636
DELISTED
Sun Country Airlines
SNCY
| – | – |
-87,273
| Closed | -$1.1M |
|
637
Syndax Pharmaceuticals
SNDX
$1.7B
| – | – |
-51,334
| Closed | -$1.05M |
|
638
Sphere Entertainment
SPHR
$5.29B
| – | – |
-16,178
| Closed | -$567K |
|
639
Scholar Rock
SRRK
$5.49B
| – | – |
-140,776
| Closed | -$1.17M |
|
640
Simpson Manufacturing
SSD
$7.91B
| – | – |
-4,437
| Closed | -$748K |
|
641
Steris
STE
$22.7B
| – | – |
-94,388
| Closed | -$20.7M |
|
642
Terex
TEX
$7.36B
| – | – |
-20,871
| Closed | -$1.14M |
|
643
Thermo Fisher Scientific
TMO
$212B
| – | – |
-84,071
| Closed | -$46.5M |
|
644
United Parcel Service
UPS
$90.8B
| – | – |
-34,268
| Closed | -$4.69M |
|
645
Upwork
UPWK
$1.18B
| – | – |
-46,408
| Closed | -$499K |
|
646
Visteon
VC
$2.82B
| – | – |
-6,871
| Closed | -$733K |
|
647
Viking Therapeutics
VKTX
$3.8B
| – | – |
-8,268
| Closed | -$438K |
|
648
Vesta Real Estate
VTMX
$3.19B
| – | – |
-327,537
| Closed | -$9.82M |
|
649
Yelp
YELP
$1.47B
| – | – |
-22,337
| Closed | -$825K |
|
650
UL Solutions
ULS
$15.8B
| – | – |
-16,036
| Closed | -$677K |
|
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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.