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 | |
|---|---|---|---|---|---|---|
176
Ryan Specialty Holdings
RYAN
$5.73B
| $68.1M | 0.04% |
1,025,063
+385,366
| +60% | +$24.1M |
|
177
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $67.9M | 0.04% |
693,181
-81,762
| -11% | -$7.52M |
|
|
NSA
178
DELISTED
National Storage Affiliates Trust
NSA
| $67.8M | 0.04% |
1,405,941
-137,698
| -9% | -$6.14M |
|
179
Western Midstream Partners
WES
$19.2B
| $66.8M | 0.04% |
1,746,247
-204,365
| -10% | -$8.05M |
|
180
Chevron
CVX
$388B
| $66.2M | 0.04% |
449,683
+47,747
| +12% | +$7.11M |
|
181
HEICO Corp
HEI
$50.8B
| $65.9M | 0.04% |
252,148
-29,409
| -10% | -$7.11M |
|
182
Eastern Bankshares
EBC
$5.32B
| $65.1M | 0.04% |
3,969,558
+467,663
| +13% | +$7.39M |
|
|
NARI
183
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $65M | 0.04% |
1,576,641
+610,468
| +63% | +$29.3M |
|
184
Cousins Properties
CUZ
$5.23B
| $65M | 0.04% |
2,205,415
+302,309
| +16% | +$8.14M |
|
185
Qiagen
QGEN
$8.78B
| $65M | 0.04% |
1,386,770
+66,515
| +5% | +$3.03M |
|
186
iShares MSCI India ETF
INDA
$6.61B
| $64.8M | 0.04% |
+1,106,623
| New | +$63M |
|
187
Adecoagro
AGRO
$1.4B
| $64.7M | 0.04% |
5,847,504
-406,788
| -7% | -$4.26M |
|
188
Lennar Class A
LEN
$20.4B
| $64.4M | 0.04% |
355,071
-12,446
| -3% | -$2.09M |
|
189
Urban Edge Properties
UE
$2.88B
| $63.4M | 0.04% |
2,966,029
+215,879
| +8% | +$4.34M |
|
190
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $63.4M | 0.04% |
+1,257,016
| New | +$62M |
|
191
RTX Corp
RTX
$294B
| $63.1M | 0.04% |
520,742
+69,285
| +15% | +$7.9M |
|
192
MPLX
MPLX
$59.5B
| $63M | 0.04% |
1,416,928
-17,949
| -1% | -$767K |
|
193
McDonald's
MCD
$194B
| $63M | 0.04% |
206,782
-33,245
| -14% | -$9.16M |
|
194
Sprout Social
SPT
$531M
| $62.9M | 0.04% |
2,164,256
+21,186
| +1% | +$690K |
|
195
Credo Technology Group
CRDO
$37.6B
| $62.7M | 0.04% |
2,034,705
-324,830
| -14% | -$9.68M |
|
196
Huron Consulting
HURN
$2.42B
| $62.4M | 0.04% |
574,006
+31,123
| +6% | +$3.3M |
|
197
Ametek
AME
$55.8B
| $62.1M | 0.04% |
361,647
+2,524
| +0.7% | +$421K |
|
198
Kontoor Brands
KTB
$4.83B
| $61.9M | 0.04% |
757,426
+320,117
| +73% | +$22.8M |
|
199
TechnipFMC
FTI
$27.2B
| $61.9M | 0.04% |
2,360,587
+1,150,049
| +95% | +$30.5M |
|
200
Johnson Controls International
JCI
$88.7B
| $61.2M | 0.04% |
787,964
+32,480
| +4% | +$2.28M |
|
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.