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 | |
|---|---|---|---|---|---|---|
151
Evergy
EVRG
$19.1B
| $87.1M | 0.05% |
1,404,610
-73,071
| -5% | -$4.25M |
|
152
Agilent Technologies
A
$39.1B
| $87.1M | 0.05% |
586,439
+227,431
| +63% | +$31.1M |
|
153
ACV Auctions
ACVA
$1.31B
| $86.4M | 0.05% |
4,247,932
+271,970
| +7% | +$5.01M |
|
154
Avient
AVNT
$3.33B
| $85.4M | 0.05% |
1,696,565
+17,976
| +1% | +$825K |
|
155
3M
MMM
$90.9B
| $82.2M | 0.05% |
+601,372
| New | +$73.6M |
|
156
Constellium
CSTM
$3.76B
| $82.1M | 0.05% |
5,049,383
-133,920
| -3% | -$2.27M |
|
157
AT&T
T
$159B
| $81.3M | 0.05% |
3,697,672
-78,803
| -2% | -$1.57M |
|
158
On Holding
ONON
$12.1B
| $80.7M | 0.05% |
1,608,959
-595,567
| -27% | -$25.6M |
|
|
LADR
159
Ladder Capital
LADR
$1.21B
| $78.5M | 0.05% |
6,767,687
+108,079
| +2% | +$1.28M |
|
160
Edison International
EIX
$28.2B
| $76.2M | 0.05% |
874,647
-45,502
| -5% | -$3.7M |
|
161
Tandem Diabetes Care
TNDM
$1.34B
| $75.6M | 0.05% |
1,782,003
-187,623
| -10% | -$7.96M |
|
162
FirstEnergy
FE
$28B
| $74.9M | 0.05% |
1,689,545
-87,090
| -5% | -$3.67M |
|
163
Krystal Biotech
KRYS
$10.1B
| $74.6M | 0.05% |
410,057
-110,333
| -21% | -$21.3M |
|
164
Korn Ferry
KFY
$4.18B
| $74.3M | 0.05% |
988,005
+115,523
| +13% | +$8.11M |
|
165
Exelon
EXC
$47.2B
| $74.2M | 0.05% |
1,830,435
+558,977
| +44% | +$21M |
|
166
Intapp
INTA
$2.52B
| $73.6M | 0.05% |
1,538,286
-121,145
| -7% | -$4.88M |
|
167
Dominion Energy
D
$60.8B
| $72.9M | 0.05% |
1,261,170
+80,683
| +7% | +$4.41M |
|
168
Tarsus Pharmaceuticals
TARS
$2.58B
| $71.7M | 0.04% |
2,178,580
+698,712
| +47% | +$19.6M |
|
169
GE HealthCare
GEHC
$30.7B
| $71.5M | 0.04% |
761,618
+274,657
| +56% | +$23.1M |
|
170
Energy Transfer Partners
ET
$70.1B
| $70.8M | 0.04% |
4,409,703
| – | – |
|
171
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $70.8M | 0.04% |
4,032,089
+1,268,407
| +46% | +$21.6M |
|
172
Blackstone
BX
$102B
| $70.6M | 0.04% |
461,183
-32,813
| -7% | -$4.55M |
|
173
Comfort Systems
FIX
$60.9B
| $68.9M | 0.04% |
176,570
+173,709
| +6,072% | +$57.2M |
|
|
EFOR
174
Everforth Inc
EFOR
$1.17B
| $68.5M | 0.04% |
735,009
+4,622
| +0.6% | +$429K |
|
175
VSE Corp
VSEC
$5.45B
| $68.1M | 0.04% |
823,749
+29,811
| +4% | +$2.6M |
|
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.