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 | |
|---|---|---|---|---|---|---|
151
Western Midstream Partners
WES
$20B
| $77.5M | 0.05% |
1,950,612
+22,433
| +1% | +$826K |
|
152
Sprout Social
SPT
$696M
| $76.5M | 0.05% |
2,143,070
+5,648
| +0.3% | +$227K |
|
153
Molina Healthcare
MOH
$10.4B
| $75.7M | 0.05% |
254,663
-74,166
| -23% | -$25.2M |
|
154
Shell
SHEL
$250B
| $75.5M | 0.05% |
1,046,527
-55,722
| -5% | -$3.98M |
|
155
Toll Brothers
TOL
$13.5B
| $75.4M | 0.05% |
654,688
-6,044
| -0.9% | -$732K |
|
156
Credo Technology Group
CRDO
$43.7B
| $75.4M | 0.05% |
2,359,535
-15,720
| -0.7% | -$348K |
|
|
LADR
157
Ladder Capital
LADR
$1.25B
| $75.2M | 0.05% |
6,659,608
+331,582
| +5% | +$3.64M |
|
158
Avantor
AVTR
$9.86B
| $74.9M | 0.05% |
3,534,189
+1,036,840
| +42% | +$25M |
|
159
Avient
AVNT
$4.1B
| $73.3M | 0.05% |
1,678,589
+15,712
| +0.9% | +$688K |
|
160
ACV Auctions
ACVA
$1.22B
| $72.6M | 0.05% |
3,975,962
+21,530
| +0.5% | +$387K |
|
161
AT&T
T
$178B
| $72.2M | 0.05% |
3,776,475
-142,617
| -4% | -$2.48M |
|
162
Xcel Energy
XEL
$47.8B
| $71.7M | 0.05% |
1,342,895
-18,121
| -1% | -$986K |
|
163
Energy Transfer Partners
ET
$73.4B
| $71.5M | 0.05% |
4,409,703
-106,699
| -2% | -$1.68M |
|
164
VSE Corp
VSEC
$6.06B
| $70.1M | 0.04% |
793,938
+232,541
| +41% | +$18.7M |
|
165
Pinterest
PINS
$13.1B
| $70M | 0.04% |
1,588,513
+76,495
| +5% | +$3.02M |
|
166
Neurocrine Biosciences
NBIX
$15.7B
| $68.7M | 0.04% |
499,323
+153,877
| +45% | +$21.1M |
|
167
FirstEnergy
FE
$26.5B
| $68M | 0.04% |
1,776,635
-22,887
| -1% | -$888K |
|
168
General Motors
GM
$75.7B
| $67.2M | 0.04% |
1,446,130
+16,531
| +1% | +$746K |
|
169
Halliburton
HAL
$30.1B
| $67.2M | 0.04% |
1,988,031
+93,732
| +5% | +$3.46M |
|
170
Edison International
EIX
$27B
| $66.1M | 0.04% |
920,149
-11,834
| -1% | -$858K |
|
171
Diamondback Energy
FANG
$55.4B
| $65.8M | 0.04% |
328,663
-38,644
| -11% | -$7.67M |
|
|
EFOR
172
Everforth Inc
EFOR
$1.31B
| $64.4M | 0.04% |
730,387
+85,213
| +13% | +$8.14M |
|
173
Oracle
ORCL
$435B
| $64.1M | 0.04% |
453,984
+245,397
| +118% | +$30.5M |
|
174
GFL Environmental
GFL
$15.5B
| $64M | 0.04% |
1,644,066
+266,588
| +19% | +$9.13M |
|
|
NSA
175
DELISTED
National Storage Affiliates Trust
NSA
| $63.6M | 0.04% |
1,543,639
+191,700
| +14% | +$7.23M |
|
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.