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 | |
|---|---|---|---|---|---|---|
101
Churchill Downs
CHDN
$5.88B
| $108M | 0.08% |
803,074
+179,814
| +29% | +$21.3M |
|
102
Kirby Corp
KEX
$7.01B
| $106M | 0.08% |
1,347,089
-26,622
| -2% | -$2.08M |
|
103
Delta Air Lines
DAL
$57.5B
| $105M | 0.08% |
2,618,627
+1,550,770
| +145% | +$56.2M |
|
104
Dell
DELL
$262B
| $105M | 0.08% |
1,369,342
-655,694
| -32% | -$46.3M |
|
105
RenaissanceRe
RNR
$13.3B
| $104M | 0.08% |
533,127
+96,322
| +22% | +$20M |
|
|
106
argenx
ARGX
$53.4B
| $102M | 0.08% |
268,208
-1,243,537
| -82% | -$579M |
|
|
EXAS
107
DELISTED
Exact Sciences
EXAS
| $101M | 0.08% |
1,360,917
+659,235
| +94% | +$43.2M |
|
108
DTE Energy
DTE
$29.5B
| $101M | 0.07% |
911,537
-314,755
| -26% | -$32.3M |
|
109
Century Communities
CCS
$1.91B
| $99.1M | 0.07% |
1,087,776
-26,690
| -2% | -$1.91M |
|
110
Trinity Industries
TRN
$2.49B
| $98.2M | 0.07% |
3,691,884
-1,028,222
| -22% | -$24.7M |
|
111
Vistra
VST
$50B
| $97.9M | 0.07% |
2,541,790
-288,621
| -10% | -$10M |
|
112
MetLife
MET
$61.9B
| $96.7M | 0.07% |
1,462,629
-1,060,099
| -42% | -$66.3M |
|
113
Truist Financial
TFC
$63.3B
| $95.2M | 0.07% |
2,578,776
-1,094,833
| -30% | -$34.4M |
|
|
PLYM
114
DELISTED
Plymouth Industrial REIT
PLYM
| $95.1M | 0.07% |
3,949,004
+809,570
| +26% | +$17.6M |
|
|
CBAY
115
DELISTED
Cymabay Therapeutics
CBAY
| $94.3M | 0.07% |
3,992,711
+437,437
| +12% | +$7.79M |
|
116
Progyny
PGNY
$2.44B
| $94M | 0.07% |
2,528,790
-177,664
| -7% | -$5.97M |
|
|
PPL
117
PPL Corp
PPL
$26.5B
| $93.8M | 0.07% |
3,461,721
+1,066,268
| +45% | +$27M |
|
118
Becton Dickinson
BDX
$45.6B
| $93.5M | 0.07% |
383,564
+3,287
| +0.9% | +$810K |
|
119
GE HealthCare
GEHC
$30.7B
| $93.5M | 0.07% |
1,208,830
+399,961
| +49% | +$28M |
|
120
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $93.4M | 0.07% |
1,071,179
-198,324
| -16% | -$14.4M |
|
121
Saia
SAIA
$9.27B
| $92.8M | 0.07% |
211,673
+84,046
| +66% | +$34M |
|
122
Vaxcyte
PCVX
$7.81B
| $92.7M | 0.07% |
1,476,154
-278,537
| -16% | -$14.5M |
|
123
Halliburton
HAL
$26.9B
| $91.8M | 0.07% |
2,539,062
+859,440
| +51% | +$33M |
|
124
Crinetics Pharmaceuticals
CRNX
$8.84B
| $90.6M | 0.07% |
2,547,683
+1,113,992
| +78% | +$34.2M |
|
125
Krystal Biotech
KRYS
$10.1B
| $89.9M | 0.07% |
724,344
+383,495
| +113% | +$42.5M |
|
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.