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 | |
|---|---|---|---|---|---|---|
51
Keysight
KEYS
$54.5B
| $396M | 0.3% |
+2,487,830
| New | +$338M |
|
52
JPMorgan Chase
JPM
$935B
| $384M | 0.29% |
2,260,149
+428,204
| +23% | +$64.9M |
|
53
TSMC
TSM
$2.1T
| $357M | 0.27% |
3,437,292
-202,424
| -6% | -$19.3M |
|
54
Micron Technology
MU
$930B
| $344M | 0.26% |
4,031,840
-2,275,003
| -36% | -$169M |
|
55
NextEra Energy
NEE
$181B
| $314M | 0.23% |
5,177,446
+674,116
| +15% | +$38.4M |
|
56
AbbVie
ABBV
$443B
| $299M | 0.22% |
1,926,468
+421,533
| +28% | +$61.5M |
|
57
NiSource
NI
$21.3B
| $274M | 0.2% |
10,309,480
-2,801,642
| -21% | -$72M |
|
58
PG&E
PCG
$38.3B
| $267M | 0.2% |
14,824,447
-2,333,688
| -14% | -$39.4M |
|
59
Linde
LIN
$221B
| $264M | 0.2% |
641,870
+73,295
| +13% | +$28.9M |
|
60
Chubb
CB
$135B
| $262M | 0.2% |
1,161,145
+155,552
| +15% | +$34M |
|
61
Bank of America
BAC
$435B
| $260M | 0.19% |
7,726,908
+2,507,746
| +48% | +$73M |
|
62
Walmart Inc
WMT
$885B
| $235M | 0.18% |
4,474,425
+422,904
| +10% | +$22.4M |
|
|
CYBR
63
DELISTED
CyberArk
CYBR
| $231M | 0.17% |
1,053,964
+472,961
| +81% | +$87.7M |
|
64
Globant
GLOB
$1.58B
| $229M | 0.17% |
960,833
+714,162
| +290% | +$146M |
|
65
CenterPoint Energy
CNP
$27.7B
| $228M | 0.17% |
7,985,059
-567,443
| -7% | -$15.8M |
|
66
Shift4
FOUR
$4.2B
| $219M | 0.16% |
2,945,060
+601,749
| +26% | +$35.9M |
|
67
Targa Resources
TRGP
$58B
| $216M | 0.16% |
2,485,552
-1,955
| -0.1% | -$168K |
|
68
Cheniere Energy
LNG
$55.2B
| $207M | 0.15% |
1,215,053
+39,944
| +3% | +$6.86M |
|
|
APLS
69
DELISTED
Apellis Pharmaceuticals
APLS
| $196M | 0.15% |
3,275,922
-266,287
| -8% | -$13.5M |
|
70
Amgen
AMGN
$208B
| $187M | 0.14% |
650,637
+432,871
| +199% | +$118M |
|
71
ExxonMobil
XOM
$644B
| $186M | 0.14% |
1,864,895
+1,616,417
| +651% | +$170M |
|
72
Sempra
SRE
$57.9B
| $183M | 0.14% |
2,455,445
+658,477
| +37% | +$47.1M |
|
73
Constellation Energy
CEG
$93.8B
| $182M | 0.14% |
1,560,243
-91,592
| -6% | -$10.7M |
|
74
Merck
MRK
$322B
| $175M | 0.13% |
1,601,018
+37,765
| +2% | +$3.92M |
|
75
Universal Display
OLED
$3.68B
| $173M | 0.13% |
903,068
+3,397
| +0.4% | +$562K |
|
Similar funds
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.