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 | |
|---|---|---|---|---|---|---|
176
Ally Financial
ALLY
$13.2B
| $63.4M | 0.04% |
1,597,732
+310,428
| +24% | +$12.1M |
|
177
Procore
PCOR
$8.12B
| $63.2M | 0.04% |
953,626
-56,475
| -6% | -$3.92M |
|
178
Domino's
DPZ
$11.7B
| $63.2M | 0.04% |
122,336
+8,913
| +8% | +$4.54M |
|
179
HEICO Corp
HEI
$49.5B
| $63M | 0.04% |
281,557
+19,408
| +7% | +$4.1M |
|
180
Chevron
CVX
$383B
| $62.9M | 0.04% |
401,936
+14
| +0% | +$2.23K |
|
181
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $62M | 0.04% |
774,943
-322,452
| -29% | -$25.7M |
|
182
Public Service Enterprise Group
PEG
$38.6B
| $61.7M | 0.04% |
837,031
+223,356
| +36% | +$15.9M |
|
183
Union Pacific
UNP
$172B
| $61.5M | 0.04% |
271,769
-7,132
| -3% | -$1.67M |
|
184
Chord Energy
CHRD
$7.78B
| $61.3M | 0.04% |
365,410
-159,302
| -30% | -$28.3M |
|
185
McDonald's
MCD
$191B
| $61.2M | 0.04% |
240,027
-432,307
| -64% | -$115M |
|
186
Blackstone
BX
$102B
| $61.2M | 0.04% |
493,996
+25,242
| +5% | +$3.11M |
|
187
MPLX
MPLX
$58.5B
| $61.1M | 0.04% |
1,434,877
+26,563
| +2% | +$1.09M |
|
188
Adecoagro
AGRO
$1.47B
| $60.9M | 0.04% |
6,254,292
+321,572
| +5% | +$3.33M |
|
189
Intapp
INTA
$2.47B
| $60.9M | 0.04% |
1,659,431
+470,274
| +40% | +$16M |
|
190
Ametek
AME
$55B
| $59.9M | 0.04% |
359,123
+60,020
| +20% | +$10.4M |
|
191
Microchip Technology
MCHP
$40.7B
| $59.9M | 0.04% |
654,280
+181,375
| +38% | +$16.6M |
|
192
Korn Ferry
KFY
$4.18B
| $58.6M | 0.04% |
872,482
+67,305
| +8% | +$4.33M |
|
193
Dominion Energy
D
$61.3B
| $57.8M | 0.04% |
1,180,487
-15,182
| -1% | -$774K |
|
194
Enterprise Products Partners
EPD
$82.5B
| $57.7M | 0.04% |
1,990,164
+21,777
| +1% | +$624K |
|
195
WEX
WEX
$6.35B
| $55.8M | 0.04% |
315,173
-65,700
| -17% | -$13.4M |
|
196
Qiagen
QGEN
$8.55B
| $55.8M | 0.04% |
1,320,255
-16,071
| -1% | -$705K |
|
197
Ameren
AEE
$30.1B
| $55.1M | 0.04% |
775,290
-9,971
| -1% | -$725K |
|
198
Eldorado Gold
EGO
$8.53B
| $54.1M | 0.03% |
3,655,807
+1,070,573
| +41% | +$16.2M |
|
199
Prologis
PLD
$136B
| $53.9M | 0.03% |
480,186
+265,987
| +124% | +$29.5M |
|
200
Huron Consulting
HURN
$2.61B
| $53.5M | 0.03% |
542,883
+27,338
| +5% | +$2.51M |
|
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.