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 |
Spotify
SPOT
|
+$1.28B |
| 2 |
Walmart Inc
WMT
|
+$595M |
| 3 |
TSMC
TSM
|
+$567M |
| 4 |
Boeing
BA
|
+$565M |
| 5 |
Edwards Lifesciences
EW
|
+$526M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$1.78B |
| 2 |
Mercado Libre
MELI
|
+$1.44B |
| 3 |
ASML
ASML
|
+$1.05B |
| 4 |
Broadcom
AVGO
|
+$878M |
| 5 |
MongoDB
MDB
|
+$871M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.73% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 16.04% |
| 4 | Healthcare | 8.87% |
| 5 | Financials | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Parker-Hannifin
PH
$124B
| $208M | 0.13% |
326,781
-7,724
| -2% | -$5.11M |
|
77
Bristol-Myers Squibb
BMY
$132B
| $207M | 0.13% |
3,662,834
-578,421
| -14% | -$32.3M |
|
78
Gaming and Leisure Properties
GLPI
$12.6B
| $206M | 0.13% |
4,287,118
+211,657
| +5% | +$10.6M |
|
79
Cisco
CSCO
$456B
| $204M | 0.12% |
3,441,233
-106,723
| -3% | -$6.1M |
|
80
Oracle
ORCL
$395B
| $202M | 0.12% |
1,210,745
+891,842
| +280% | +$158M |
|
81
Williams Companies
WMB
$86.7B
| $197M | 0.12% |
3,641,435
-2,376,890
| -39% | -$128M |
|
82
Unilever
UL
$137B
| $196M | 0.12% |
3,070,832
+1,225,348
| +66% | +$82.7M |
|
83
monday.com
MNDY
$3.75B
| $196M | 0.12% |
830,811
+100,333
| +14% | +$27.8M |
|
84
Shell
SHEL
$252B
| $191M | 0.12% |
3,045,043
+30,844
| +1% | +$2.02M |
|
85
argenx
ARGX
$52.1B
| $186M | 0.11% |
302,149
+64,183
| +27% | +$37.6M |
|
86
Entergy
ETR
$50.5B
| $184M | 0.11% |
2,423,556
+399,390
| +20% | +$28.8M |
|
87
Union Pacific
UNP
$173B
| $182M | 0.11% |
799,770
+63,524
| +9% | +$15M |
|
88
Constellation Energy
CEG
$97B
| $180M | 0.11% |
804,677
-187,877
| -19% | -$46.8M |
|
89
Sempra
SRE
$57.7B
| $175M | 0.11% |
1,997,542
+156,666
| +9% | +$13.7M |
|
90
RTX Corp
RTX
$290B
| $175M | 0.11% |
1,514,015
+993,273
| +191% | +$120M |
|
91
Boston Scientific
BSX
$70.7B
| $174M | 0.11% |
1,942,955
+414,774
| +27% | +$36.5M |
|
92
Globant
GLOB
$1.59B
| $172M | 0.1% |
802,547
+4,970
| +0.6% | +$1.08M |
|
93
Arcutis Biotherapeutics
ARQT
$3.27B
| $172M | 0.1% |
12,339,792
+676,295
| +6% | +$7.41M |
|
94
Keysight
KEYS
$55.2B
| $170M | 0.1% |
1,060,983
-1,091,378
| -51% | -$176M |
|
95
Blackstone
BX
$105B
| $168M | 0.1% |
973,348
+512,165
| +111% | +$89.2M |
|
96
ExxonMobil
XOM
$641B
| $166M | 0.1% |
1,543,658
+26,517
| +2% | +$3.1M |
|
97
Targa Resources
TRGP
$57.1B
| $164M | 0.1% |
920,650
-382,117
| -29% | -$68.5M |
|
98
East-West Bancorp
EWBC
$18B
| $160M | 0.1% |
1,668,785
-135,503
| -8% | -$13.3M |
|
99
AbbVie
ABBV
$434B
| $155M | 0.09% |
874,071
-857,207
| -50% | -$158M |
|
100
Toll Brothers
TOL
$13.9B
| $154M | 0.09% |
1,226,271
+341,980
| +39% | +$50.8M |
|
Similar funds
Jennison Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Jennison Associates held 642 positions worth $165B, up 2.2% from $161B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $6.01B in Q4 2024, closing 70 positions and reducing 253 holdings. Its most notable exit was Centene, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in Spotify worth $1.34B.
- Jennison Associates's largest Q4 2024 buy was Spotify: 2,985,326 shares worth $1.34B.
- Jennison Associates added most to Walmart Inc in Q4 2024, an estimated $595M increase.
- Jennison Associates's biggest Q4 2024 reduction was Eli Lilly, cutting an estimated $1.78B.
- Jennison Associates fully exited Centene in Q4 2024, selling an estimated $129M.
- Jennison Associates's ten largest holdings make up 47% of its $165B portfolio in Q4 2024.
- Jennison Associates opened 84 new positions and closed 70 in Q4 2024.
- Jennison Associates's portfolio value rose 2.2% quarter-over-quarter to $165B.
Based on Jennison Associates's 13F filing for Q4 2024, filed 24 Jan 2025.