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 | |
|---|---|---|---|---|---|---|
101
Burlington
BURL
$23.2B
| $121M | 0.08% |
520,505
+61,639
| +13% | +$12.6M |
|
102
Arcutis Biotherapeutics
ARQT
$3.24B
| $121M | 0.08% |
12,176,315
+3,110,233
| +34% | +$23.2M |
|
103
Krystal Biotech
KRYS
$9.21B
| $119M | 0.08% |
670,735
-53,609
| -7% | -$7.45M |
|
104
RenaissanceRe
RNR
$13.4B
| $117M | 0.08% |
497,085
-36,042
| -7% | -$8M |
|
105
Saia
SAIA
$9.61B
| $116M | 0.08% |
198,746
-12,927
| -6% | -$6.77M |
|
106
Ferrari
RACE
$70.5B
| $116M | 0.08% |
266,608
+25,228
| +10% | +$9.77M |
|
107
Ferguson
FERG
$48.5B
| $116M | 0.08% |
531,316
+254,688
| +92% | +$50.7M |
|
|
PPL
108
PPL Corp
PPL
$26.5B
| $116M | 0.08% |
4,217,410
+755,689
| +22% | +$20.1M |
|
109
Markel Group
MKL
$23.3B
| $116M | 0.08% |
76,256
-1,739
| -2% | -$2.55M |
|
110
Weatherford International
WFRD
$6.33B
| $111M | 0.07% |
965,693
-318,933
| -25% | -$32.4M |
|
111
MetLife
MET
$62B
| $110M | 0.07% |
1,488,583
+25,954
| +2% | +$1.81M |
|
112
Constellium
CSTM
$3.85B
| $110M | 0.07% |
4,977,970
-703,954
| -12% | -$13.6M |
|
113
Churchill Downs
CHDN
$5.82B
| $105M | 0.07% |
847,847
+44,773
| +6% | +$5.41M |
|
114
Apollo Global Management
APO
$74.6B
| $104M | 0.07% |
925,222
+616,575
| +200% | +$65.1M |
|
115
Fortive
FTV
$18B
| $104M | 0.07% |
1,601,505
+40,084
| +3% | +$2.43M |
|
116
Freshpet
FRPT
$2.93B
| $101M | 0.07% |
875,553
-40,274
| -4% | -$3.89M |
|
117
Becton Dickinson
BDX
$46.9B
| $99.6M | 0.07% |
402,350
+18,786
| +5% | +$4.5M |
|
118
Progyny
PGNY
$2.47B
| $99.1M | 0.07% |
2,596,422
+67,632
| +3% | +$2.56M |
|
119
Trinity Industries
TRN
$2.5B
| $98.7M | 0.07% |
3,543,525
-148,359
| -4% | -$3.82M |
|
120
Caterpillar
CAT
$382B
| $98.2M | 0.07% |
267,888
+55,935
| +26% | +$17.9M |
|
121
Q2 Holdings
QTWO
$3.89B
| $97.4M | 0.07% |
1,852,407
+235,582
| +15% | +$10.6M |
|
122
DTE Energy
DTE
$29.5B
| $95.9M | 0.06% |
855,389
-56,148
| -6% | -$6.06M |
|
123
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $94.2M | 0.06% |
1,097,395
+26,216
| +2% | +$2.2M |
|
|
PLYM
124
DELISTED
Plymouth Industrial REIT
PLYM
| $94.1M | 0.06% |
4,183,540
+234,536
| +6% | +$5.23M |
|
125
Chord Energy
CHRD
$7.84B
| $93.5M | 0.06% |
524,712
+151,218
| +40% | +$24.3M |
|
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.