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 | |
|---|---|---|---|---|---|---|
126
Ferguson
FERG
$45.4B
| $110M | 0.07% |
559,743
-5,502
| -1% | -$1.11M |
|
127
Xcel Energy
XEL
$48.8B
| $110M | 0.07% |
1,685,487
+342,592
| +26% | +$20.3M |
|
128
Texas Roadhouse
TXRH
$13.5B
| $110M | 0.07% |
622,561
+140,439
| +29% | +$23.7M |
|
129
Sanofi
SNY
$103B
| $110M | 0.07% |
1,904,445
+1,720,972
| +938% | +$92.9M |
|
130
Arcutis Biotherapeutics
ARQT
$3.36B
| $108M | 0.07% |
11,663,497
+91,803
| +0.8% | +$906K |
|
131
RenaissanceRe
RNR
$13.3B
| $107M | 0.07% |
391,531
-74,084
| -16% | -$17.9M |
|
132
Phathom Pharmaceuticals
PHAT
$708M
| $106M | 0.07% |
5,866,389
+3,108,810
| +113% | +$43.5M |
|
133
Humana
HUM
$43.7B
| $106M | 0.07% |
333,725
+13,945
| +4% | +$4.96M |
|
134
KBR
KBR
$4.62B
| $106M | 0.07% |
1,621,740
+353,209
| +28% | +$23M |
|
135
Procter & Gamble
PG
$336B
| $105M | 0.07% |
607,879
-233,271
| -28% | -$39.6M |
|
136
Eldorado Gold
EGO
$7.87B
| $105M | 0.07% |
6,032,048
+2,376,241
| +65% | +$40M |
|
|
PR
137
Permian Resources
PR
$17.8B
| $104M | 0.06% |
7,647,329
+966,940
| +14% | +$14.2M |
|
|
TLN
138
Talen Energy Corp
TLN
$16B
| $103M | 0.06% |
+576,973
| New | +$81.3M |
|
139
Ralph Lauren
RL
$22.6B
| $101M | 0.06% |
520,393
+60,610
| +13% | +$10.5M |
|
140
Linde
LIN
$221B
| $100M | 0.06% |
210,598
-5,092
| -2% | -$2.32M |
|
|
PLYM
141
DELISTED
Plymouth Industrial REIT
PLYM
| $99.5M | 0.06% |
4,401,384
+174,836
| +4% | +$4.06M |
|
142
Natera
NTRA
$38.3B
| $98M | 0.06% |
771,962
+15,710
| +2% | +$1.8M |
|
143
DTE Energy
DTE
$29.5B
| $97.4M | 0.06% |
758,303
-39,450
| -5% | -$4.76M |
|
144
Caterpillar
CAT
$375B
| $96.1M | 0.06% |
245,783
-12,017
| -5% | -$4.15M |
|
145
Monolithic Power Systems
MPWR
$70.1B
| $94.2M | 0.06% |
101,918
+101,211
| +14,316% | +$87.4M |
|
146
Domino's
DPZ
$11.5B
| $92.3M | 0.06% |
214,473
+92,137
| +75% | +$40M |
|
147
Universal Display
OLED
$3.68B
| $90.7M | 0.06% |
432,265
-117,304
| -21% | -$23.8M |
|
148
Ameren
AEE
$30.3B
| $90.4M | 0.06% |
1,034,148
+258,858
| +33% | +$20.7M |
|
149
Enerpac Tool Group
EPAC
$1.83B
| $90.2M | 0.06% |
2,152,074
-20,328
| -0.9% | -$815K |
|
150
Cooper Companies
COO
$14.1B
| $89.4M | 0.06% |
810,583
-252,359
| -24% | -$24.6M |
|
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.