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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
NextEra Energy
NEE
$171B
| $429M | 0.27% |
6,053,560
+359,890
| +6% | +$25.5M |
|
52
HubSpot
HUBS
$13B
| $335M | 0.21% |
567,439
-1,010,072
| -64% | -$619M |
|
|
CYBR
53
DELISTED
CyberArk
CYBR
| $329M | 0.21% |
1,202,274
+206,474
| +21% | +$50.7M |
|
54
Applied Materials
AMAT
$366B
| $328M | 0.21% |
1,391,586
-175,763
| -11% | -$37.7M |
|
55
Arista Networks
ANET
$246B
| $309M | 0.2% |
3,530,880
-36,560
| -1% | -$2.72M |
|
56
NiSource
NI
$19.5B
| $303M | 0.19% |
10,506,870
+1,553,614
| +17% | +$43.8M |
|
57
Bank of America
BAC
$436B
| $292M | 0.19% |
7,347,727
-61,190
| -0.8% | -$2.35M |
|
58
Chubb
CB
$131B
| $283M | 0.18% |
1,110,500
-30,960
| -3% | -$7.95M |
|
59
JPMorgan Chase
JPM
$951B
| $277M | 0.18% |
1,370,812
-845,734
| -38% | -$165M |
|
60
AbbVie
ABBV
$451B
| $272M | 0.17% |
1,585,736
-574,719
| -27% | -$95.2M |
|
61
Fair Isaac
FICO
$24.9B
| $266M | 0.17% |
178,496
+175,195
| +5,307% | +$226M |
|
62
PG&E
PCG
$36.6B
| $258M | 0.17% |
14,756,663
-146,334
| -1% | -$2.58M |
|
63
Williams Companies
WMB
$90.2B
| $256M | 0.16% |
6,032,631
+279,408
| +5% | +$11.2M |
|
64
PNC Financial Services
PNC
$96.6B
| $251M | 0.16% |
1,616,202
+564,895
| +54% | +$87.6M |
|
65
Targa Resources
TRGP
$61.7B
| $231M | 0.15% |
1,795,225
-211,388
| -11% | -$24.8M |
|
66
MetLife
MET
$61.3B
| $226M | 0.15% |
3,225,827
+1,737,244
| +117% | +$124M |
|
67
Cheniere Energy
LNG
$58.3B
| $225M | 0.14% |
1,286,631
-97,494
| -7% | -$15.5M |
|
68
Merck
MRK
$366B
| $224M | 0.14% |
1,809,521
+229,126
| +14% | +$29.5M |
|
69
Constellation Energy
CEG
$98.1B
| $224M | 0.14% |
1,116,143
-11,969
| -1% | -$2.44M |
|
70
ExxonMobil
XOM
$644B
| $221M | 0.14% |
1,920,330
+846,790
| +79% | +$98.6M |
|
71
CenterPoint Energy
CNP
$25.8B
| $218M | 0.14% |
7,030,395
+27,977
| +0.4% | +$826K |
|
72
Walmart Inc
WMT
$820B
| $216M | 0.14% |
3,188,323
-92,706
| -3% | -$5.84M |
|
73
Vistra
VST
$46B
| $212M | 0.14% |
2,463,024
+59,038
| +2% | +$4.94M |
|
74
Lam Research
LRCX
$378B
| $211M | 0.14% |
1,985,500
+1,063,170
| +115% | +$102M |
|
75
Cigna
CI
$73.7B
| $208M | 0.13% |
629,445
-98,116
| -13% | -$33.8M |
|
Similar funds
Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.