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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Constellium
CSTM
$3.66B
| $97.7M | 0.06% |
5,183,303
+205,333
| +4% | +$4.27M |
|
127
Delta Air Lines
DAL
$52.7B
| $96.4M | 0.06% |
2,032,877
+103,456
| +5% | +$5.15M |
|
128
Krystal Biotech
KRYS
$10.4B
| $95.6M | 0.06% |
520,390
-150,345
| -22% | -$25.2M |
|
129
Linde
LIN
$226B
| $94.6M | 0.06% |
215,690
-78,794
| -27% | -$34.7M |
|
130
Cooper Companies
COO
$13.9B
| $92.8M | 0.06% |
1,062,942
+185,647
| +21% | +$17.3M |
|
131
AXIS Capital
AXS
$7.26B
| $92.3M | 0.06% |
1,306,273
+59,985
| +5% | +$4.07M |
|
|
PLYM
132
DELISTED
Plymouth Industrial REIT
PLYM
| $90.4M | 0.06% |
4,226,548
+43,008
| +1% | +$901K |
|
133
Western Alliance Bancorporation
WAL
$8.57B
| $90M | 0.06% |
1,432,175
+235,741
| +20% | +$14.3M |
|
134
DTE Energy
DTE
$28.3B
| $88.6M | 0.06% |
797,753
-57,636
| -7% | -$6.44M |
|
135
Fortive
FTV
$18B
| $87.2M | 0.06% |
1,562,358
-39,147
| -2% | -$2.27M |
|
136
Entergy
ETR
$49.3B
| $87.1M | 0.06% |
1,627,384
+203,978
| +14% | +$11M |
|
137
Caterpillar
CAT
$368B
| $85.9M | 0.06% |
257,800
-10,088
| -4% | -$3.5M |
|
138
On Holding
ONON
$9.64B
| $85.5M | 0.05% |
2,204,526
+249,139
| +13% | +$9.1M |
|
139
American Electric Power
AEP
$66.6B
| $83.2M | 0.05% |
948,322
+162,392
| +21% | +$14.2M |
|
140
Enerpac Tool Group
EPAC
$1.92B
| $82.9M | 0.05% |
2,172,402
-296,320
| -12% | -$11M |
|
141
Texas Roadhouse
TXRH
$13.1B
| $82.8M | 0.05% |
482,122
+291,320
| +153% | +$47.5M |
|
142
Saia
SAIA
$9.37B
| $82.3M | 0.05% |
173,528
-25,218
| -13% | -$11.7M |
|
143
Natera
NTRA
$47B
| $81.9M | 0.05% |
756,252
+284,105
| +60% | +$28.9M |
|
144
KBR
KBR
$4.79B
| $81.4M | 0.05% |
1,268,531
-190,556
| -13% | -$12.3M |
|
145
Martin Marietta Materials
MLM
$37.7B
| $81.1M | 0.05% |
149,700
+6,500
| +5% | +$3.78M |
|
146
IBM
IBM
$222B
| $81M | 0.05% |
468,473
+20,864
| +5% | +$3.63M |
|
147
Ralph Lauren
RL
$21.1B
| $80.5M | 0.05% |
459,783
+38,861
| +9% | +$6.71M |
|
148
Tandem Diabetes Care
TNDM
$1.49B
| $79.4M | 0.05% |
1,969,626
-586,498
| -23% | -$24.5M |
|
149
Evergy
EVRG
$18.6B
| $78.3M | 0.05% |
1,477,681
+774,683
| +110% | +$41.2M |
|
150
e.l.f. Beauty
ELF
$6.14B
| $78.1M | 0.05% |
370,822
+110,216
| +42% | +$19.6M |
|
Similar funds
Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.