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 | |
|---|---|---|---|---|---|---|
151
Enpro
NPO
$7.06B
| $75.4M | 0.05% |
446,823
+5,805
| +1% | +$901K |
|
152
Entergy
ETR
$50.4B
| $75.2M | 0.05% |
1,423,406
+860,000
| +153% | +$43.6M |
|
153
Halliburton
HAL
$26.6B
| $74.7M | 0.05% |
1,894,299
-644,763
| -25% | -$23.1M |
|
154
ACV Auctions
ACVA
$1.36B
| $74.2M | 0.05% |
3,954,432
+393,423
| +11% | +$6.16M |
|
155
Shell
SHEL
$252B
| $73.9M | 0.05% |
1,102,249
-25,967
| -2% | -$1.66M |
|
|
PR
156
Permian Resources
PR
$17.5B
| $73.8M | 0.05% |
4,181,257
+973,630
| +30% | +$14.3M |
|
157
Xcel Energy
XEL
$48.5B
| $73.2M | 0.05% |
1,361,016
-90,467
| -6% | -$5.17M |
|
158
Diamondback Energy
FANG
$55.9B
| $72.8M | 0.05% |
367,307
+102,401
| +39% | +$17.4M |
|
159
Darling Ingredients
DAR
$9.5B
| $72.7M | 0.05% |
1,562,739
+554,512
| +55% | +$24.4M |
|
160
Avient
AVNT
$3.43B
| $72.2M | 0.05% |
1,662,877
+82,010
| +5% | +$3.2M |
|
161
Independence Realty Trust
IRT
$3.95B
| $71.4M | 0.05% |
4,429,594
+300,281
| +7% | +$4.59M |
|
162
Century Communities
CCS
$1.96B
| $71.3M | 0.05% |
739,132
-348,644
| -32% | -$30.6M |
|
163
Energy Transfer Partners
ET
$69.8B
| $71M | 0.05% |
4,516,402
-138,268
| -3% | -$2.01M |
|
|
LADR
164
Ladder Capital
LADR
$1.23B
| $70.4M | 0.05% |
6,328,026
+397,817
| +7% | +$4.37M |
|
165
FirstEnergy
FE
$28B
| $69.5M | 0.05% |
1,799,522
-300
| -0% | -$11.2K |
|
166
On Holding
ONON
$12.6B
| $69.2M | 0.05% |
1,955,387
-591,629
| -23% | -$18.1M |
|
167
Herc Holdings
HRI
$5.48B
| $69.1M | 0.05% |
410,489
-55,630
| -12% | -$8.47M |
|
168
AT&T
T
$162B
| $69M | 0.05% |
3,919,092
+3,375,009
| +620% | +$57.6M |
|
169
Union Pacific
UNP
$173B
| $68.6M | 0.05% |
278,901
+5,596
| +2% | +$1.38M |
|
170
Western Midstream Partners
WES
$19.3B
| $68.5M | 0.05% |
1,928,179
+944,494
| +96% | +$29.3M |
|
171
American Electric Power
AEP
$69.9B
| $67.7M | 0.05% |
+785,930
| New | +$63.9M |
|
|
EFOR
172
Everforth Inc
EFOR
$1.22B
| $67.6M | 0.05% |
645,174
+59,401
| +10% | +$5.74M |
|
|
AMK
173
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $66.4M | 0.04% |
1,874,673
+21,289
| +1% | +$696K |
|
174
Edison International
EIX
$27.5B
| $65.9M | 0.04% |
931,983
-264,190
| -22% | -$18.1M |
|
175
Adecoagro
AGRO
$1.37B
| $65.4M | 0.04% |
5,932,720
+561,352
| +10% | +$5.76M |
|
Similar funds
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.