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 | |
|---|---|---|---|---|---|---|
176
Steris
STE
$22.3B
| $58.9M | 0.04% |
268,029
+100,734
| +60% | +$21.3M |
|
177
Cactus
WHD
$5.21B
| $58.6M | 0.04% |
1,290,574
-69,734
| -5% | -$3.17M |
|
178
Quanta Services
PWR
$100B
| $58.2M | 0.04% |
269,508
+130,020
| +93% | +$24M |
|
179
IBM
IBM
$211B
| $57.1M | 0.04% |
349,312
+317,079
| +984% | +$47.9M |
|
180
Pinterest
PINS
$13.4B
| $57M | 0.04% |
1,539,482
-115,549
| -7% | -$3.63M |
|
181
Qiagen
QGEN
$8.54B
| $56.8M | 0.04% |
1,233,803
+166,445
| +16% | +$7.08M |
|
182
Aptiv
APTV
$12B
| $56.7M | 0.04% |
631,680
-368,203
| -37% | -$31.7M |
|
|
EFOR
183
Everforth Inc
EFOR
$1.17B
| $56.3M | 0.04% |
585,773
+337,059
| +136% | +$29.4M |
|
|
NSA
184
DELISTED
National Storage Affiliates Trust
NSA
| $56.1M | 0.04% |
1,353,607
+41,193
| +3% | +$1.38M |
|
|
AMK
185
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $55.5M | 0.04% |
1,853,384
+133,576
| +8% | +$3.43M |
|
186
Wintrust Financial
WTFC
$10.8B
| $55.3M | 0.04% |
596,632
+301,528
| +102% | +$24.9M |
|
187
Hayward Holdings
HAYW
$3.21B
| $55M | 0.04% |
4,044,191
-519,973
| -11% | -$6.4M |
|
188
Public Service Enterprise Group
PEG
$38.2B
| $54.8M | 0.04% |
895,450
+397,606
| +80% | +$24.4M |
|
189
Kontoor Brands
KTB
$4.63B
| $54.6M | 0.04% |
874,849
-222,387
| -20% | -$11.4M |
|
190
Hilton Worldwide
HLT
$72.1B
| $54.3M | 0.04% |
298,024
+30,676
| +11% | +$5.01M |
|
191
ACV Auctions
ACVA
$1.31B
| $53.9M | 0.04% |
3,561,009
+313,856
| +10% | +$4.6M |
|
192
Lamb Weston
LW
$7.22B
| $53.9M | 0.04% |
498,903
+246,622
| +98% | +$23.7M |
|
|
MRSH
193
Marsh
MRSH
$90.5B
| $53.6M | 0.04% |
282,947
-285,473
| -50% | -$55.2M |
|
194
PTC
PTC
$15.8B
| $53.3M | 0.04% |
304,633
+28,987
| +11% | +$4.45M |
|
195
Ferguson
FERG
$45.4B
| $53.2M | 0.04% |
+276,628
| New | +$46.7M |
|
196
Lennar Class A
LEN
$19.8B
| $52.9M | 0.04% |
366,416
+180,755
| +97% | +$21.8M |
|
197
Plains GP Holdings
PAGP
$5.21B
| $52.8M | 0.04% |
3,310,525
-1,647,881
| -33% | -$26M |
|
198
MPLX
MPLX
$59.3B
| $52.8M | 0.04% |
1,437,041
-14,051
| -1% | -$505K |
|
199
Watsco Inc
WSO
$12.7B
| $52.7M | 0.04% |
123,040
+54,866
| +80% | +$21.3M |
|
200
CAVA Group
CAVA
$7.6B
| $52.5M | 0.04% |
1,222,240
+242,376
| +25% | +$8.45M |
|
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.