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 | |
|---|---|---|---|---|---|---|
76
Gaming and Leisure Properties
GLPI
$12.6B
| $210M | 0.13% |
4,075,461
+821,634
| +25% | +$40.7M |
|
77
monday.com
MNDY
$3.75B
| $203M | 0.13% |
730,478
+318,837
| +77% | +$78.9M |
|
78
CenterPoint Energy
CNP
$27.7B
| $202M | 0.13% |
6,870,372
-160,023
| -2% | -$4.48M |
|
79
Shell
SHEL
$252B
| $199M | 0.12% |
3,014,199
+1,967,672
| +188% | +$139M |
|
80
Lam Research
LRCX
$368B
| $194M | 0.12% |
2,382,750
+397,250
| +20% | +$34.5M |
|
81
Targa Resources
TRGP
$57.1B
| $193M | 0.12% |
1,302,767
-492,458
| -27% | -$69.3M |
|
82
Cisco
CSCO
$456B
| $189M | 0.12% |
3,547,956
+150,539
| +4% | +$7.32M |
|
83
Amgen
AMGN
$205B
| $187M | 0.12% |
579,465
-78,759
| -12% | -$25.8M |
|
84
Union Pacific
UNP
$173B
| $181M | 0.11% |
736,246
+464,477
| +171% | +$113M |
|
85
ExxonMobil
XOM
$641B
| $178M | 0.11% |
1,517,141
-403,189
| -21% | -$46.6M |
|
86
PepsiCo
PEP
$190B
| $178M | 0.11% |
1,044,411
-49,816
| -5% | -$8.56M |
|
87
Truist Financial
TFC
$62.9B
| $162M | 0.1% |
3,790,330
-96,541
| -2% | -$4.08M |
|
88
Globant
GLOB
$1.59B
| $158M | 0.1% |
797,577
-18,429
| -2% | -$3.56M |
|
89
Freshpet
FRPT
$2.86B
| $157M | 0.1% |
1,150,941
-35,236
| -3% | -$4.61M |
|
90
Sempra
SRE
$57.7B
| $154M | 0.1% |
1,840,876
+63,000
| +4% | +$5.04M |
|
91
East-West Bancorp
EWBC
$18B
| $149M | 0.09% |
1,804,288
+123,376
| +7% | +$9.89M |
|
92
Kirby Corp
KEX
$7.03B
| $147M | 0.09% |
1,199,794
-128,088
| -10% | -$15.3M |
|
93
General Motors
GM
$80.4B
| $145M | 0.09% |
3,226,027
+1,779,897
| +123% | +$82.5M |
|
94
Crinetics Pharmaceuticals
CRNX
$8.86B
| $143M | 0.09% |
2,793,614
+13,470
| +0.5% | +$695K |
|
95
Vaxcyte
PCVX
$7.81B
| $141M | 0.09% |
1,237,430
-145,701
| -11% | -$13.1M |
|
|
PPL
96
PPL Corp
PPL
$26.5B
| $141M | 0.09% |
4,260,426
+96,491
| +2% | +$2.95M |
|
97
Southern Company
SO
$108B
| $141M | 0.09% |
1,562,126
-77,041
| -5% | -$6.58M |
|
98
UnitedHealth
UNH
$378B
| $141M | 0.09% |
240,783
+277
| +0.1% | +$157K |
|
99
CMS Energy
CMS
$22.5B
| $138M | 0.09% |
1,959,497
-91,485
| -4% | -$6M |
|
100
Toll Brothers
TOL
$13.9B
| $137M | 0.08% |
884,291
+229,603
| +35% | +$31.1M |
|
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.