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 | |
|---|---|---|---|---|---|---|
176
General Motors
GM
$79.3B
| $64.8M | 0.04% |
1,429,599
+38,560
| +3% | +$1.49M |
|
177
Avantor
AVTR
$9.25B
| $63.9M | 0.04% |
2,497,349
+1,325,026
| +113% | +$31.5M |
|
178
Exelon
EXC
$47B
| $63.8M | 0.04% |
1,698,408
| – | – |
|
179
Chevron
CVX
$385B
| $63.4M | 0.04% |
401,922
-408,512
| -50% | -$61.6M |
|
180
GE HealthCare
GEHC
$31.5B
| $63.1M | 0.04% |
694,350
-514,480
| -43% | -$42.8M |
|
181
Blackstone
BX
$108B
| $61.6M | 0.04% |
468,754
+2,024
| +0.4% | +$253K |
|
182
PepsiCo
PEP
$191B
| $60.6M | 0.04% |
346,193
-21,091
| -6% | -$3.55M |
|
183
Lennar Class A
LEN
$20.5B
| $60.4M | 0.04% |
362,726
-3,690
| -1% | -$555K |
|
184
Hilton Worldwide
HLT
$70.7B
| $60.1M | 0.04% |
281,608
-16,416
| -6% | -$3.23M |
|
185
MakeMyTrip
MMYT
$5.81B
| $59.4M | 0.04% |
835,499
-63,015
| -7% | -$3.58M |
|
186
Qiagen
QGEN
$8.73B
| $59.1M | 0.04% |
1,336,326
+102,523
| +8% | +$4.67M |
|
187
Dominion Energy
D
$60.5B
| $58.8M | 0.04% |
1,195,669
+537,457
| +82% | +$25.1M |
|
188
WillScot Mobile Mini Holdings
WSC
$4.66B
| $58.6M | 0.04% |
1,260,029
-226,008
| -15% | -$10.5M |
|
189
MPLX
MPLX
$59.8B
| $58.5M | 0.04% |
1,408,314
-28,727
| -2% | -$1.11M |
|
190
Cabaletta Bio
CABA
$439M
| $58.4M | 0.04% |
3,422,984
+1,796,356
| +110% | +$38.6M |
|
191
Ameren
AEE
$30.3B
| $58.1M | 0.04% |
785,261
-280,611
| -26% | -$20M |
|
192
Bristol-Myers Squibb
BMY
$134B
| $57.8M | 0.04% |
1,065,915
-327,639
| -24% | -$16.7M |
|
193
Enterprise Products Partners
EPD
$81.9B
| $57.4M | 0.04% |
1,968,387
+4,839
| +0.2% | +$133K |
|
194
Domino's
DPZ
$12.1B
| $56.4M | 0.04% |
113,423
+12,685
| +13% | +$5.5M |
|
195
Cactus
WHD
$5.12B
| $56.2M | 0.04% |
1,122,788
-167,786
| -13% | -$7.43M |
|
196
Inspire Medical Systems
INSP
$1.5B
| $55.4M | 0.04% |
257,854
-47,032
| -15% | -$9.22M |
|
197
Ametek
AME
$55.9B
| $54.7M | 0.04% |
299,103
-15,778
| -5% | -$2.72M |
|
198
PTC
PTC
$16.2B
| $54.1M | 0.04% |
286,183
-18,450
| -6% | -$3.32M |
|
199
DexCom
DXCM
$32.9B
| $53.9M | 0.04% |
388,302
+10,217
| +3% | +$1.28M |
|
200
Korn Ferry
KFY
$4.21B
| $52.9M | 0.04% |
+805,177
| New | +$48.6M |
|
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.