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 | |
|---|---|---|---|---|---|---|
76
Cisco
CSCO
$455B
| $172M | 0.13% |
3,400,018
+716,557
| +27% | +$36.6M |
|
77
Cigna
CI
$74B
| $170M | 0.13% |
566,233
+317,081
| +127% | +$92.7M |
|
78
Southern Company
SO
$108B
| $168M | 0.13% |
2,397,784
-3,817
| -0.2% | -$262K |
|
79
Gaming and Leisure Properties
GLPI
$12.5B
| $167M | 0.12% |
3,378,874
+1,195,765
| +55% | +$55.3M |
|
80
Procter & Gamble
PG
$337B
| $161M | 0.12% |
1,100,636
+70,859
| +7% | +$10.5M |
|
81
Performance Food Group
PFGC
$17.7B
| $159M | 0.12% |
2,293,472
+131,031
| +6% | +$8.05M |
|
82
McDonald's
MCD
$190B
| $158M | 0.12% |
532,383
-32,412
| -6% | -$8.82M |
|
83
Williams Companies
WMB
$86.3B
| $143M | 0.11% |
4,105,754
+1,679,452
| +69% | +$58.9M |
|
84
Centene
CNC
$31.2B
| $136M | 0.1% |
1,837,980
+1,548,961
| +536% | +$112M |
|
85
Parker-Hannifin
PH
$124B
| $134M | 0.1% |
290,500
+29,544
| +11% | +$12.3M |
|
86
monday.com
MNDY
$3.79B
| $131M | 0.1% |
+697,972
| New | +$112M |
|
87
ConocoPhillips
COP
$145B
| $130M | 0.1% |
1,124,220
-945,845
| -46% | -$111M |
|
88
Molina Healthcare
MOH
$10.2B
| $130M | 0.1% |
360,238
+26,219
| +8% | +$9.25M |
|
89
Alexandria Real Estate Equities
ARE
$9.18B
| $128M | 0.1% |
1,010,943
+650,248
| +180% | +$70M |
|
90
Weatherford International
WFRD
$6.27B
| $126M | 0.09% |
1,284,626
+191,855
| +18% | +$17.8M |
|
91
Otis Worldwide
OTIS
$27.4B
| $121M | 0.09% |
1,356,265
+137,085
| +11% | +$11.4M |
|
92
Chevron
CVX
$388B
| $121M | 0.09% |
810,434
-159,559
| -16% | -$24.1M |
|
93
CMS Energy
CMS
$22.5B
| $121M | 0.09% |
2,075,180
-37,711
| -2% | -$2.11M |
|
94
PNC Financial Services
PNC
$100B
| $118M | 0.09% |
759,538
-160,052
| -17% | -$20.7M |
|
95
HDFC Bank
HDB
$123B
| $115M | 0.09% |
3,430,430
-1,449,964
| -30% | -$43.7M |
|
96
Ralph Lauren
RL
$22.3B
| $115M | 0.09% |
794,127
+331,413
| +72% | +$41M |
|
97
Constellium
CSTM
$3.8B
| $113M | 0.08% |
5,681,924
+3,353
| +0.1% | +$58.7K |
|
98
Sprout Social
SPT
$527M
| $112M | 0.08% |
1,826,276
-11,122
| -0.6% | -$587K |
|
99
Markel Group
MKL
$23.1B
| $111M | 0.08% |
77,995
+41,086
| +111% | +$58.3M |
|
100
Cooper Companies
COO
$14.4B
| $111M | 0.08% |
1,169,116
+159,608
| +16% | +$13.4M |
|
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.