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 |
Broadcom
AVGO
|
+$1.57B |
| 2 |
Walt Disney
DIS
|
+$1.27B |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.23B |
| 4 |
Airbnb
ABNB
|
+$590M |
| 5 |
Netflix
NFLX
|
+$524M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.58B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.3B |
| 3 |
Tesla
TSLA
|
+$1.23B |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$958M |
| 5 |
Uber
UBER
|
+$676M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.37% |
| 2 | Consumer Discretionary | 17.18% |
| 3 | Healthcare | 13.11% |
| 4 | Communication Services | 11.8% |
| 5 | Financials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Eaton
ETN
$170B
| $395M | 0.26% |
1,262,479
+1,219,790
| +2,857% | +$333M |
|
52
AbbVie
ABBV
$433B
| $393M | 0.26% |
2,160,455
+233,987
| +12% | +$40.3M |
|
53
NextEra Energy
NEE
$181B
| $364M | 0.24% |
5,693,670
+516,224
| +10% | +$30.2M |
|
54
Applied Materials
AMAT
$411B
| $323M | 0.22% |
1,567,349
-1,264,637
| -45% | -$232M |
|
55
Chubb
CB
$134B
| $296M | 0.2% |
1,141,460
-19,685
| -2% | -$4.84M |
|
56
Estee Lauder
EL
$30.6B
| $291M | 0.19% |
+1,888,884
| New | +$268M |
|
57
Bank of America
BAC
$438B
| $281M | 0.19% |
7,408,917
-317,991
| -4% | -$10.9M |
|
|
CYBR
58
DELISTED
CyberArk
CYBR
| $265M | 0.18% |
995,800
-58,164
| -6% | -$14.4M |
|
59
Cigna
CI
$74.5B
| $264M | 0.18% |
727,561
+161,328
| +28% | +$53.1M |
|
60
Arista Networks
ANET
$233B
| $259M | 0.17% |
3,567,440
-3,662,536
| -51% | -$247M |
|
61
PG&E
PCG
$38.4B
| $250M | 0.17% |
14,902,997
+78,550
| +0.5% | +$1.32M |
|
62
NiSource
NI
$21.3B
| $248M | 0.17% |
8,953,256
-1,356,224
| -13% | -$35.7M |
|
63
Targa Resources
TRGP
$56.8B
| $225M | 0.15% |
2,006,613
-478,939
| -19% | -$45.2M |
|
64
Williams Companies
WMB
$86.1B
| $224M | 0.15% |
5,753,223
+1,647,469
| +40% | +$58.5M |
|
65
Cheniere Energy
LNG
$54.1B
| $223M | 0.15% |
1,384,125
+169,072
| +14% | +$27.2M |
|
66
Merck
MRK
$316B
| $209M | 0.14% |
1,580,395
-20,623
| -1% | -$2.54M |
|
67
Constellation Energy
CEG
$97.7B
| $209M | 0.14% |
1,128,112
-432,131
| -28% | -$61.4M |
|
68
ConocoPhillips
COP
$145B
| $208M | 0.14% |
1,637,685
+513,465
| +46% | +$58.6M |
|
69
CenterPoint Energy
CNP
$27.6B
| $199M | 0.13% |
7,002,418
-982,641
| -12% | -$27.5M |
|
70
Walmart Inc
WMT
$881B
| $197M | 0.13% |
3,281,029
-1,193,396
| -27% | -$68.3M |
|
|
MRSH
71
Marsh
MRSH
$92B
| $192M | 0.13% |
932,452
+649,505
| +230% | +$129M |
|
|
APLS
72
DELISTED
Apellis Pharmaceuticals
APLS
| $190M | 0.13% |
3,240,513
-35,409
| -1% | -$2.26M |
|
73
McDonald's
MCD
$188B
| $190M | 0.13% |
672,334
+139,951
| +26% | +$40.7M |
|
74
monday.com
MNDY
$3.76B
| $177M | 0.12% |
782,154
+84,182
| +12% | +$17.9M |
|
75
Performance Food Group
PFGC
$18B
| $175M | 0.12% |
2,349,714
+56,242
| +2% | +$4.14M |
|
Similar funds
Jennison Associates's Q1 2024 Portfolio in Review
As of Q1 2024, Jennison Associates held 652 positions worth $150B, up 11% from $134B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Jennison Associates's Q1 2024 filing shows 69 new, 266 increased, 228 reduced and 80 closed positions. Its largest new stake was Walt Disney: 12,181,207 shares worth $1.49B. The largest sale was NVIDIA, an estimated $1.58B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q1 2024 buy was Walt Disney: 12,181,207 shares worth $1.49B.
- Jennison Associates added most to Broadcom in Q1 2024, an estimated $1.57B increase.
- Jennison Associates's biggest Q1 2024 reduction was NVIDIA, cutting an estimated $1.58B.
- Jennison Associates fully exited Mobileye in Q1 2024, selling an estimated $607M.
- Jennison Associates's ten largest holdings make up 45% of its $150B portfolio in Q1 2024.
- Jennison Associates opened 69 new positions and closed 80 in Q1 2024.
- Jennison Associates's portfolio value rose 11% quarter-over-quarter to $150B.
Based on Jennison Associates's 13F filing for Q1 2024, filed 2 May 2024.