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 | |
|---|---|---|---|---|---|---|
126
Natera
NTRA
$38.3B
| $121M | 0.07% |
764,056
-7,906
| -1% | -$1.15M |
|
|
MRSH
127
Marsh
MRSH
$90.5B
| $120M | 0.07% |
563,705
+41,328
| +8% | +$9.17M |
|
128
Xcel Energy
XEL
$48.8B
| $113M | 0.07% |
1,670,260
-15,227
| -0.9% | -$1.02M |
|
129
On Holding
ONON
$12.1B
| $112M | 0.07% |
2,049,644
+440,685
| +27% | +$23.3M |
|
130
Ralph Lauren
RL
$22.6B
| $112M | 0.07% |
485,753
-34,640
| -7% | -$7.38M |
|
131
Texas Roadhouse
TXRH
$13.5B
| $112M | 0.07% |
621,732
-829
| -0.1% | -$156K |
|
132
Neurocrine Biosciences
NBIX
$16.8B
| $112M | 0.07% |
820,694
+485,894
| +145% | +$60.1M |
|
133
IBM
IBM
$211B
| $110M | 0.07% |
500,072
-22,059
| -4% | -$4.91M |
|
134
Prologis
PLD
$135B
| $110M | 0.07% |
1,039,333
+829,504
| +395% | +$95.3M |
|
135
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $109M | 0.07% |
5,300,805
+1,268,716
| +31% | +$25.6M |
|
136
ACV Auctions
ACVA
$1.31B
| $108M | 0.07% |
4,980,354
+732,422
| +17% | +$14.8M |
|
137
Cigna
CI
$73.7B
| $106M | 0.06% |
383,460
-430,123
| -53% | -$137M |
|
138
Eldorado Gold
EGO
$7.87B
| $105M | 0.06% |
7,090,185
+1,058,137
| +18% | +$17.5M |
|
139
Generac Holdings
GNRC
$11.6B
| $104M | 0.06% |
672,213
+384,434
| +134% | +$66.4M |
|
140
NewAmsterdam Pharma
NAMS
$3.25B
| $103M | 0.06% |
3,998,541
+2,978,263
| +292% | +$63.3M |
|
141
Vaxcyte
PCVX
$7.81B
| $102M | 0.06% |
1,246,551
+9,121
| +0.7% | +$906K |
|
142
Crown Holdings
CCK
$12.8B
| $102M | 0.06% |
1,230,839
-121,872
| -9% | -$11.1M |
|
143
Universal Display
OLED
$3.68B
| $100M | 0.06% |
683,822
+251,557
| +58% | +$44.8M |
|
144
Intapp
INTA
$2.52B
| $98.5M | 0.06% |
1,536,433
-1,853
| -0.1% | -$106K |
|
145
Evergy
EVRG
$19.1B
| $95.8M | 0.06% |
1,556,580
+151,970
| +11% | +$9.4M |
|
146
CBRE Group
CBRE
$42.5B
| $94M | 0.06% |
716,086
+336,359
| +89% | +$44M |
|
147
Caterpillar
CAT
$375B
| $91M | 0.06% |
250,759
+4,976
| +2% | +$1.93M |
|
|
NARI
148
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $90M | 0.05% |
1,763,258
+186,617
| +12% | +$9.17M |
|
149
RenaissanceRe
RNR
$13.3B
| $89.5M | 0.05% |
359,679
-31,852
| -8% | -$8.55M |
|
150
VSE Corp
VSEC
$5.45B
| $88.3M | 0.05% |
928,617
+104,868
| +13% | +$11.1M |
|
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.