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 | |
|---|---|---|---|---|---|---|
51
Fair Isaac
FICO
$24.9B
| $469M | 0.29% |
241,149
+62,653
| +35% | +$107M |
|
|
52
DexCom
DXCM
$34.3B
| $465M | 0.29% |
6,932,899
+6,544,102
| +1,683% | +$537M |
|
53
Vertiv
VRT
$99B
| $458M | 0.28% |
4,600,415
+4,558,306
| +10,825% | +$378M |
|
54
Snowflake
SNOW
$114B
| $456M | 0.28% |
3,974,335
-153,860
| -4% | -$18.9M |
|
55
Arista Networks
ANET
$246B
| $436M | 0.27% |
4,544,932
+1,014,052
| +29% | +$88.3M |
|
56
NiSource
NI
$19.5B
| $375M | 0.23% |
10,823,095
+316,225
| +3% | +$10.1M |
|
|
CYBR
57
DELISTED
CyberArk
CYBR
| $353M | 0.22% |
1,211,844
+9,570
| +0.8% | +$2.59M |
|
58
NVR
NVR
$17B
| $349M | 0.22% |
+35,523
| New | +$310M |
|
59
Keysight
KEYS
$54.5B
| $342M | 0.21% |
2,152,361
-1,614,248
| -43% | -$230M |
|
60
AbbVie
ABBV
$451B
| $342M | 0.21% |
1,731,278
+145,542
| +9% | +$27.2M |
|
61
Bank of America
BAC
$436B
| $341M | 0.21% |
8,602,629
+1,254,902
| +17% | +$50.3M |
|
62
JPMorgan Chase
JPM
$951B
| $331M | 0.21% |
1,567,395
+196,583
| +14% | +$41.4M |
|
63
Chubb
CB
$131B
| $307M | 0.19% |
1,064,580
-45,920
| -4% | -$12.6M |
|
64
PNC Financial Services
PNC
$96.6B
| $298M | 0.19% |
1,612,815
-3,387
| -0.2% | -$594K |
|
65
Vistra
VST
$46B
| $282M | 0.18% |
2,380,485
-82,539
| -3% | -$7.01M |
|
66
Cigna
CI
$73.7B
| $282M | 0.18% |
813,583
+184,138
| +29% | +$63.4M |
|
67
Williams Companies
WMB
$90.2B
| $275M | 0.17% |
6,018,325
-14,306
| -0.2% | -$629K |
|
68
MetLife
MET
$61.3B
| $261M | 0.16% |
3,160,092
-65,735
| -2% | -$4.91M |
|
69
Constellation Energy
CEG
$98.1B
| $258M | 0.16% |
992,554
-123,589
| -11% | -$24.6M |
|
70
Shift4
FOUR
$3.47B
| $251M | 0.16% |
2,834,061
+242,179
| +9% | +$18.4M |
|
71
PG&E
PCG
$36.6B
| $248M | 0.15% |
12,526,644
-2,230,019
| -15% | -$41.7M |
|
72
Cheniere Energy
LNG
$58.3B
| $238M | 0.15% |
1,324,360
+37,729
| +3% | +$6.79M |
|
73
Bristol-Myers Squibb
BMY
$136B
| $219M | 0.14% |
4,241,255
+3,425,789
| +420% | +$161M |
|
74
MakeMyTrip
MMYT
$5.55B
| $215M | 0.13% |
2,316,572
+1,710,773
| +282% | +$161M |
|
75
Parker-Hannifin
PH
$125B
| $211M | 0.13% |
334,505
+39,837
| +14% | +$22.6M |
|
Similar funds
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.