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 | |
|---|---|---|---|---|---|---|
101
Freshpet
FRPT
$2.93B
| $152M | 0.09% |
1,027,436
-123,505
| -11% | -$18M |
|
102
AXIS Capital
AXS
$7.68B
| $146M | 0.09% |
1,650,965
+25,908
| +2% | +$2.22M |
|
103
Performance Food Group
PFGC
$18B
| $141M | 0.09% |
1,667,691
+125,532
| +8% | +$10.6M |
|
104
Burlington
BURL
$23.2B
| $141M | 0.09% |
494,644
-15,430
| -3% | -$4.17M |
|
105
Truist Financial
TFC
$63.3B
| $140M | 0.09% |
3,235,523
-554,807
| -15% | -$24.8M |
|
106
Crinetics Pharmaceuticals
CRNX
$8.84B
| $138M | 0.08% |
2,708,351
-85,263
| -3% | -$4.77M |
|
107
Tarsus Pharmaceuticals
TARS
$2.58B
| $138M | 0.08% |
2,500,132
+321,552
| +15% | +$14.6M |
|
|
PPL
108
PPL Corp
PPL
$26.5B
| $137M | 0.08% |
4,206,955
-53,471
| -1% | -$1.76M |
|
109
Markel Group
MKL
$23.3B
| $136M | 0.08% |
78,735
+7,102
| +10% | +$11.8M |
|
110
Abbott
ABT
$183B
| $136M | 0.08% |
1,201,364
+1,196,018
| +22,372% | +$138M |
|
111
Dell
DELL
$262B
| $134M | 0.08% |
1,165,754
+36,621
| +3% | +$4.6M |
|
112
GE HealthCare
GEHC
$30.7B
| $134M | 0.08% |
1,709,635
+948,017
| +124% | +$80.6M |
|
113
Churchill Downs
CHDN
$5.88B
| $134M | 0.08% |
1,000,402
+53,334
| +6% | +$7.39M |
|
114
Shopify
SHOP
$152B
| $132M | 0.08% |
+1,244,455
| New | +$121M |
|
|
PR
115
Permian Resources
PR
$17.8B
| $132M | 0.08% |
9,159,252
+1,511,923
| +20% | +$21.9M |
|
116
Ameren
AEE
$30.3B
| $131M | 0.08% |
1,469,037
+434,889
| +42% | +$38.9M |
|
117
CMS Energy
CMS
$22.6B
| $129M | 0.08% |
1,931,605
-27,892
| -1% | -$1.92M |
|
118
Tower Semiconductor
TSEM
$24.8B
| $128M | 0.08% |
2,488,813
-302,178
| -11% | -$14.1M |
|
119
Q2 Holdings
QTWO
$3.8B
| $127M | 0.08% |
1,260,360
-257,274
| -17% | -$24.4M |
|
120
Southern Company
SO
$109B
| $127M | 0.08% |
1,538,512
-23,614
| -2% | -$2.07M |
|
121
Kirby Corp
KEX
$7.01B
| $126M | 0.08% |
1,192,863
-6,931
| -0.6% | -$835K |
|
122
Trinity Industries
TRN
$2.49B
| $126M | 0.08% |
3,588,234
+18,851
| +0.5% | +$681K |
|
123
UnitedHealth
UNH
$376B
| $124M | 0.08% |
244,477
+3,694
| +2% | +$2.1M |
|
124
Apollo Global Management
APO
$72.4B
| $122M | 0.07% |
739,938
-182,061
| -20% | -$28.8M |
|
125
Independence Realty Trust
IRT
$3.92B
| $122M | 0.07% |
6,139,652
+278,959
| +5% | +$5.7M |
|
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.