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 | |
|---|---|---|---|---|---|---|
|
APLS
151
DELISTED
Apellis Pharmaceuticals
APLS
| $88.1M | 0.05% |
2,760,404
+939,289
| +52% | +$28.2M |
|
|
VRNA
152
DELISTED
Verona Pharma
VRNA
| $87.8M | 0.05% |
1,889,542
+148,656
| +9% | +$5.58M |
|
153
American Electric Power
AEP
$69.6B
| $87.2M | 0.05% |
945,262
-184,405
| -16% | -$17.8M |
|
154
Gilead Sciences
GILD
$162B
| $87.2M | 0.05% |
+943,628
| New | +$85M |
|
155
Enerpac Tool Group
EPAC
$1.83B
| $84.3M | 0.05% |
2,052,095
-99,979
| -5% | -$4.58M |
|
156
AT&T
T
$159B
| $82.3M | 0.05% |
3,615,144
-82,528
| -2% | -$1.86M |
|
157
Cooper Companies
COO
$14.1B
| $81.4M | 0.05% |
885,598
+75,015
| +9% | +$7.64M |
|
158
Ero Copper
ERO
$2.81B
| $79.6M | 0.05% |
5,909,627
+198,800
| +3% | +$3.37M |
|
159
General Motors
GM
$80.4B
| $79.2M | 0.05% |
1,487,255
-1,738,772
| -54% | -$91.1M |
|
160
Galicia Financial Group
GGAL
$7.99B
| $77.8M | 0.05% |
1,248,936
+27,353
| +2% | +$1.51M |
|
161
HubSpot
HUBS
$12.2B
| $77.6M | 0.05% |
111,345
+24,638
| +28% | +$15.8M |
|
162
e.l.f. Beauty
ELF
$4.89B
| $77.3M | 0.05% |
615,799
+70,020
| +13% | +$8.4M |
|
163
Procter & Gamble
PG
$336B
| $77.2M | 0.05% |
460,262
-147,617
| -24% | -$25.1M |
|
|
PLYM
164
DELISTED
Plymouth Industrial REIT
PLYM
| $76.7M | 0.05% |
4,308,256
-93,128
| -2% | -$1.84M |
|
|
LADR
165
Ladder Capital
LADR
$1.21B
| $75.7M | 0.05% |
6,764,514
-3,173
| -0% | -$36.4K |
|
166
Huron Consulting
HURN
$2.41B
| $74.7M | 0.05% |
601,335
+27,329
| +5% | +$3.2M |
|
167
Avient
AVNT
$3.33B
| $74.6M | 0.05% |
1,825,283
+128,718
| +8% | +$6.23M |
|
|
TLN
168
Talen Energy Corp
TLN
$16B
| $74M | 0.04% |
367,377
-209,596
| -36% | -$40.9M |
|
169
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $74M | 0.04% |
646,538
-46,643
| -7% | -$5.26M |
|
170
Chevron
CVX
$392B
| $72.3M | 0.04% |
499,316
+49,633
| +11% | +$7.6M |
|
171
Korn Ferry
KFY
$4.18B
| $72M | 0.04% |
1,067,813
+79,808
| +8% | +$5.81M |
|
172
Otis Worldwide
OTIS
$27.4B
| $71M | 0.04% |
766,705
-411,852
| -35% | -$41.3M |
|
173
Flywire
FLYW
$1.98B
| $70.2M | 0.04% |
3,406,312
+1,179,562
| +53% | +$23M |
|
174
Crescent Energy
CRGY
$3.79B
| $69.9M | 0.04% |
4,785,326
+3,354,362
| +234% | +$45.5M |
|
175
Comfort Systems
FIX
$60.9B
| $69.8M | 0.04% |
164,490
-12,080
| -7% | -$5.3M |
|
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.