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 | |
|---|---|---|---|---|---|---|
101
Unilever
UL
$137B
| $135M | 0.08% |
1,845,484
+1,674,859
| +982% | +$116M |
|
102
Burlington
BURL
$23.2B
| $134M | 0.08% |
510,074
+12,143
| +2% | +$3.14M |
|
103
Public Service Enterprise Group
PEG
$38.2B
| $134M | 0.08% |
1,502,136
+665,105
| +79% | +$53.1M |
|
104
Dell
DELL
$262B
| $134M | 0.08% |
1,129,133
-180,639
| -14% | -$21M |
|
105
Entergy
ETR
$50.2B
| $133M | 0.08% |
2,024,166
+396,782
| +24% | +$23.4M |
|
106
Crown Holdings
CCK
$12.8B
| $130M | 0.08% |
1,352,711
+751,530
| +125% | +$64.7M |
|
107
AXIS Capital
AXS
$7.68B
| $129M | 0.08% |
1,625,057
+318,784
| +24% | +$23.9M |
|
108
argenx
ARGX
$53.4B
| $129M | 0.08% |
237,966
+1,528
| +0.6% | +$772K |
|
109
Centene
CNC
$30.7B
| $129M | 0.08% |
1,708,163
-24,172
| -1% | -$1.77M |
|
110
Boston Scientific
BSX
$69.5B
| $128M | 0.08% |
1,528,181
-511,463
| -25% | -$40.3M |
|
111
Churchill Downs
CHDN
$5.88B
| $128M | 0.08% |
947,068
-31,111
| -3% | -$4.3M |
|
112
Ero Copper
ERO
$2.81B
| $127M | 0.08% |
5,710,827
+237,345
| +4% | +$4.84M |
|
113
Trinity Industries
TRN
$2.49B
| $124M | 0.08% |
3,569,383
-1,803
| -0.1% | -$57.9K |
|
114
Tower Semiconductor
TSEM
$24.8B
| $124M | 0.08% |
2,790,991
+40,038
| +1% | +$1.64M |
|
115
Merck
MRK
$322B
| $123M | 0.08% |
1,080,765
-728,756
| -40% | -$86.6M |
|
116
Otis Worldwide
OTIS
$27.4B
| $122M | 0.08% |
1,178,557
-337,808
| -22% | -$32.2M |
|
117
Q2 Holdings
QTWO
$3.8B
| $121M | 0.08% |
1,517,634
-348,209
| -19% | -$24.6M |
|
118
Performance Food Group
PFGC
$18B
| $121M | 0.08% |
1,542,159
-716,280
| -32% | -$50.2M |
|
119
Independence Realty Trust
IRT
$3.92B
| $120M | 0.07% |
5,860,693
+83,030
| +1% | +$1.64M |
|
|
MRSH
120
Marsh
MRSH
$90.5B
| $117M | 0.07% |
522,377
-402,113
| -43% | -$89.3M |
|
121
American Electric Power
AEP
$69.6B
| $116M | 0.07% |
1,129,667
+181,345
| +19% | +$17.7M |
|
122
IBM
IBM
$211B
| $115M | 0.07% |
522,131
+53,658
| +11% | +$10.5M |
|
123
Apollo Global Management
APO
$72.4B
| $115M | 0.07% |
921,999
-51,142
| -5% | -$5.9M |
|
124
Weatherford International
WFRD
$6.29B
| $112M | 0.07% |
1,324,101
+310,259
| +31% | +$33.4M |
|
125
Markel Group
MKL
$23.3B
| $112M | 0.07% |
71,633
+1,689
| +2% | +$2.64M |
|
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.