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 |
Boeing
BA
|
+$788M |
| 2 |
Netflix
NFLX
|
+$687M |
| 3 |
UnitedHealth
UNH
|
+$638M |
| 4 |
Trade Desk
TTD
|
+$513M |
| 5 |
Home Depot
HD
|
+$374M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$2.12B |
| 2 |
Tesla
TSLA
|
+$717M |
| 3 |
Uber
UBER
|
+$656M |
| 4 |
argenx
ARGX
|
+$579M |
| 5 |
Eli Lilly
LLY
|
+$473M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.7% |
| 2 | Consumer Discretionary | 19.7% |
| 3 | Healthcare | 12.45% |
| 4 | Communication Services | 10.26% |
| 5 | Financials | 7.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Enpro
NPO
$6.63B
| $69.1M | 0.05% |
441,018
+76,684
| +21% | +$9.92M |
|
152
On Holding
ONON
$12.1B
| $68.7M | 0.05% |
2,547,016
-5,339,984
| -68% | -$145M |
|
|
LADR
153
Ladder Capital
LADR
$1.21B
| $68.3M | 0.05% |
5,930,209
-120,180
| -2% | -$1.28M |
|
154
AXIS Capital
AXS
$7.68B
| $67.9M | 0.05% |
1,225,542
-599,851
| -33% | -$33.4M |
|
155
Union Pacific
UNP
$174B
| $67.1M | 0.05% |
273,305
-180,534
| -40% | -$39.7M |
|
156
East-West Bancorp
EWBC
$17.9B
| $66.6M | 0.05% |
926,208
+88,224
| +11% | +$5.31M |
|
157
WillScot Mobile Mini Holdings
WSC
$4.39B
| $66.1M | 0.05% |
1,486,037
+99,478
| +7% | +$4.02M |
|
158
FirstEnergy
FE
$28B
| $66M | 0.05% |
1,799,822
-297,522
| -14% | -$10.8M |
|
159
Avient
AVNT
$3.33B
| $65.7M | 0.05% |
1,580,867
+215,709
| +16% | +$7.53M |
|
160
Energy Transfer Partners
ET
$70.1B
| $64.2M | 0.05% |
4,654,670
+1,208,725
| +35% | +$16.4M |
|
161
Independence Realty Trust
IRT
$3.92B
| $63.2M | 0.05% |
4,129,313
+941,676
| +30% | +$13M |
|
162
Tower Semiconductor
TSEM
$24.8B
| $63.2M | 0.05% |
2,069,673
+593,003
| +40% | +$15.5M |
|
163
Cogent Communications
CCOI
$676M
| $63M | 0.05% |
828,664
+263,276
| +47% | +$17.6M |
|
164
Caterpillar
CAT
$375B
| $62.7M | 0.05% |
211,953
+110,108
| +108% | +$28.6M |
|
165
PepsiCo
PEP
$190B
| $62.4M | 0.05% |
367,284
-294,688
| -45% | -$48.9M |
|
166
Stryker
SYK
$125B
| $62.3M | 0.05% |
208,137
-119,061
| -36% | -$33.4M |
|
167
Chord Energy
CHRD
$7.9B
| $62.1M | 0.05% |
373,494
-428,681
| -53% | -$70.1M |
|
168
Inspire Medical Systems
INSP
$1.45B
| $62M | 0.05% |
304,886
+264,139
| +648% | +$42.8M |
|
169
Huron Consulting
HURN
$2.41B
| $61.6M | 0.05% |
599,525
-286,189
| -32% | -$29.4M |
|
170
Blackstone
BX
$102B
| $61.1M | 0.05% |
466,730
-258,954
| -36% | -$28M |
|
171
Exelon
EXC
$47.2B
| $61M | 0.05% |
1,698,408
-508,054
| -23% | -$19.6M |
|
172
Lowe's Companies
LOW
$117B
| $59.7M | 0.04% |
268,455
-99,149
| -27% | -$20.1M |
|
173
Adecoagro
AGRO
$1.44B
| $59.6M | 0.04% |
5,371,368
+255,684
| +5% | +$2.81M |
|
174
Neurocrine Biosciences
NBIX
$16.8B
| $59.5M | 0.04% |
451,462
+41,987
| +10% | +$4.83M |
|
175
Johnson Controls International
JCI
$88.8B
| $59.4M | 0.04% |
1,030,783
-1,034,777
| -50% | -$54.3M |
|
Similar funds
Jennison Associates's Q4 2023 Portfolio in Review
As of Q4 2023, Jennison Associates held 638 positions worth $134B, up 14% from $118B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2023 filing shows 77 new, 236 increased, 267 reduced and 55 closed positions. Its largest new stake was Boeing: 3,684,483 shares worth $960M. The largest sale was NVIDIA, an estimated $2.12B.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jennison Associates's largest Q4 2023 buy was Boeing: 3,684,483 shares worth $960M.
- Jennison Associates added most to Netflix in Q4 2023, an estimated $687M increase.
- Jennison Associates's biggest Q4 2023 reduction was NVIDIA, cutting an estimated $2.12B.
- Jennison Associates fully exited Ulta Beauty in Q4 2023, selling an estimated $452M.
- Jennison Associates's ten largest holdings make up 40% of its $134B portfolio in Q4 2023.
- Jennison Associates opened 77 new positions and closed 55 in Q4 2023.
- Jennison Associates's portfolio value rose 14% quarter-over-quarter to $134B.
Based on Jennison Associates's 13F filing for Q4 2023, filed 1 Feb 2024.