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 | |
|---|---|---|---|---|---|---|
76
PNC Financial Services
PNC
$100B
| $170M | 0.11% |
1,051,307
+291,769
| +38% | +$44M |
|
77
Vistra
VST
$52.6B
| $167M | 0.11% |
2,403,986
-137,804
| -5% | -$6.82M |
|
78
Cisco
CSCO
$457B
| $165M | 0.11% |
3,314,493
-85,525
| -3% | -$4.27M |
|
79
Globant
GLOB
$1.6B
| $164M | 0.11% |
814,139
-146,694
| -15% | -$32.9M |
|
80
Amgen
AMGN
$204B
| $157M | 0.11% |
552,514
-98,123
| -15% | -$28.7M |
|
81
Shift4
FOUR
$4.31B
| $156M | 0.1% |
2,363,219
-581,841
| -20% | -$43.8M |
|
82
Parker-Hannifin
PH
$126B
| $155M | 0.1% |
279,140
-11,360
| -4% | -$5.77M |
|
83
Sempra
SRE
$57.3B
| $153M | 0.1% |
2,127,195
-328,250
| -13% | -$23.5M |
|
84
Centene
CNC
$31.5B
| $153M | 0.1% |
1,943,297
+105,317
| +6% | +$8.13M |
|
85
Truist Financial
TFC
$63.4B
| $150M | 0.1% |
3,840,374
+1,261,598
| +49% | +$46.2M |
|
86
Gaming and Leisure Properties
GLPI
$12.7B
| $148M | 0.1% |
3,204,531
-174,343
| -5% | -$8.02M |
|
87
Southern Company
SO
$107B
| $140M | 0.09% |
1,957,770
-440,014
| -18% | -$30.4M |
|
88
Procter & Gamble
PG
$338B
| $137M | 0.09% |
844,955
-255,681
| -23% | -$40.1M |
|
89
Linde
LIN
$222B
| $137M | 0.09% |
294,484
-347,386
| -54% | -$150M |
|
90
Otis Worldwide
OTIS
$27.5B
| $136M | 0.09% |
1,372,045
+15,780
| +1% | +$1.46M |
|
91
Molina Healthcare
MOH
$10.2B
| $135M | 0.09% |
328,829
-31,409
| -9% | -$12.2M |
|
92
Kirby Corp
KEX
$6.98B
| $134M | 0.09% |
1,401,844
+54,755
| +4% | +$4.62M |
|
93
East-West Bancorp
EWBC
$18.1B
| $134M | 0.09% |
1,687,555
+761,347
| +82% | +$55.7M |
|
94
Crinetics Pharmaceuticals
CRNX
$8.87B
| $132M | 0.09% |
2,817,854
+270,171
| +11% | +$10.6M |
|
95
Alexandria Real Estate Equities
ARE
$9.24B
| $131M | 0.09% |
1,017,986
+7,043
| +0.7% | +$868K |
|
96
Sprout Social
SPT
$514M
| $128M | 0.09% |
2,137,422
+311,146
| +17% | +$18.9M |
|
97
CMS Energy
CMS
$22.5B
| $125M | 0.08% |
2,077,855
+2,675
| +0.1% | +$155K |
|
98
ExxonMobil
XOM
$643B
| $125M | 0.08% |
1,073,540
-791,355
| -42% | -$82.8M |
|
99
Universal Display
OLED
$3.67B
| $124M | 0.08% |
735,697
-167,371
| -19% | -$29.1M |
|
100
Dell
DELL
$277B
| $121M | 0.08% |
1,061,282
-308,060
| -22% | -$28.7M |
|
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.