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 | |
|---|---|---|---|---|---|---|
126
KBR
KBR
$4.62B
| $92.9M | 0.06% |
1,459,087
-66,971
| -4% | -$3.81M |
|
127
Delta Air Lines
DAL
$57.5B
| $92.4M | 0.06% |
1,929,421
-689,206
| -26% | -$28.5M |
|
128
argenx
ARGX
$53.4B
| $91.9M | 0.06% |
233,417
-34,791
| -13% | -$13.5M |
|
129
Tandem Diabetes Care
TNDM
$1.34B
| $90.5M | 0.06% |
2,556,124
+1,265,534
| +98% | +$33.9M |
|
130
WEX
WEX
$6.37B
| $90.5M | 0.06% |
380,873
-60,724
| -14% | -$13.1M |
|
131
Lam Research
LRCX
$367B
| $89.6M | 0.06% |
922,330
+10,040
| +1% | +$883K |
|
132
Cooper Companies
COO
$14.1B
| $89M | 0.06% |
877,295
-291,821
| -25% | -$28.2M |
|
133
Tower Semiconductor
TSEM
$24.8B
| $88.7M | 0.06% |
2,650,283
+580,610
| +28% | +$18.1M |
|
134
Enerpac Tool Group
EPAC
$1.83B
| $88M | 0.06% |
2,468,722
-275,741
| -10% | -$8.88M |
|
135
Martin Marietta Materials
MLM
$31.5B
| $87.9M | 0.06% |
143,200
-14,704
| -9% | -$8.03M |
|
136
Vaxcyte
PCVX
$7.81B
| $85.9M | 0.06% |
1,256,883
-219,271
| -15% | -$15.2M |
|
137
Acadia Healthcare
ACHC
$2.76B
| $85.8M | 0.06% |
1,082,810
-65,945
| -6% | -$5.39M |
|
138
Toll Brothers
TOL
$13.6B
| $85.5M | 0.06% |
660,732
-174,167
| -21% | -$19M |
|
139
IBM
IBM
$211B
| $85.5M | 0.06% |
447,609
+98,297
| +28% | +$17.9M |
|
140
GE Aerospace
GE
$374B
| $84.7M | 0.06% |
604,426
+154,608
| +34% | +$18.2M |
|
141
Boston Scientific
BSX
$69.5B
| $83.5M | 0.06% |
1,219,320
-8,513
| -0.7% | -$547K |
|
142
Procore
PCOR
$8.26B
| $83M | 0.06% |
1,010,101
+423,578
| +72% | +$31.4M |
|
143
Brunswick
BC
$5.13B
| $81.9M | 0.05% |
848,728
+42,332
| +5% | +$3.72M |
|
144
AXIS Capital
AXS
$7.68B
| $81M | 0.05% |
1,246,288
+20,746
| +2% | +$1.24M |
|
145
Watsco Inc
WSO
$12.7B
| $80.2M | 0.05% |
185,633
+62,593
| +51% | +$25.1M |
|
146
XP
XP
$8.81B
| $79.9M | 0.05% |
3,113,154
+1,635,083
| +111% | +$41M |
|
147
Ralph Lauren
RL
$22.6B
| $79M | 0.05% |
420,922
-373,205
| -47% | -$61.8M |
|
148
Ero Copper
ERO
$2.81B
| $77.1M | 0.05% |
3,998,246
+1,121,095
| +39% | +$18.5M |
|
149
Stryker
SYK
$125B
| $76.9M | 0.05% |
214,900
+6,763
| +3% | +$2.28M |
|
150
Western Alliance Bancorporation
WAL
$8.79B
| $76.8M | 0.05% |
1,196,434
+11,976
| +1% | +$735K |
|
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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.