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 | |
|---|---|---|---|---|---|---|
176
Eastern Bankshares
EBC
$5.29B
| $69.5M | 0.04% |
4,028,897
+59,339
| +1% | +$1.04M |
|
177
Marvell Technology
MRVL
$169B
| $69.3M | 0.04% |
627,182
-67,203
| -10% | -$6.24M |
|
178
MACOM Technology Solutions
MTSI
$19.3B
| $69.2M | 0.04% |
532,463
+2,646
| +0.5% | +$333K |
|
179
Edison International
EIX
$27.7B
| $68.9M | 0.04% |
863,409
-11,238
| -1% | -$939K |
|
180
GFL Environmental
GFL
$15.3B
| $68.8M | 0.04% |
1,544,690
+101,695
| +7% | +$4.43M |
|
181
Lowe's Companies
LOW
$117B
| $68.6M | 0.04% |
278,009
+84,337
| +44% | +$22.5M |
|
182
Urban Edge Properties
UE
$2.85B
| $68.1M | 0.04% |
3,169,598
+203,569
| +7% | +$4.53M |
|
183
Exelon
EXC
$46.9B
| $68M | 0.04% |
1,806,916
-23,519
| -1% | -$912K |
|
184
Linde
LIN
$221B
| $67.9M | 0.04% |
162,072
-48,526
| -23% | -$22.1M |
|
185
Kontoor Brands
KTB
$4.74B
| $67.7M | 0.04% |
792,078
+34,652
| +5% | +$2.97M |
|
186
Cousins Properties
CUZ
$5.21B
| $67.5M | 0.04% |
2,201,506
-3,909
| -0.2% | -$120K |
|
187
TechnipFMC
FTI
$27.3B
| $67.4M | 0.04% |
2,330,504
-30,083
| -1% | -$856K |
|
188
Dominion Energy
D
$60.2B
| $67.1M | 0.04% |
1,244,966
-16,204
| -1% | -$924K |
|
189
Sprout Social
SPT
$528M
| $66.7M | 0.04% |
2,171,567
+7,311
| +0.3% | +$220K |
|
190
DTE Energy
DTE
$29.4B
| $66.6M | 0.04% |
551,305
-206,998
| -27% | -$25.5M |
|
191
Wintrust Financial
WTFC
$10.8B
| $65.7M | 0.04% |
526,822
-9,430
| -2% | -$1.16M |
|
192
Skyward Specialty Insurance
SKWD
$2.46B
| $65.5M | 0.04% |
1,296,126
+125
| +0% | +$6.07K |
|
193
Qiagen
QGEN
$8.64B
| $64.4M | 0.04% |
1,406,381
+19,611
| +1% | +$878K |
|
|
MRX
194
Marex Group Limited Ordinary Shares
MRX
$4.63B
| $64.3M | 0.04% |
2,063,763
+948,374
| +85% | +$26.5M |
|
195
Ryan Specialty Holdings
RYAN
$5.71B
| $63.7M | 0.04% |
993,017
-32,046
| -3% | -$2.23M |
|
196
Lam Research
LRCX
$362B
| $63.3M | 0.04% |
876,167
-1,506,583
| -63% | -$114M |
|
197
Ametek
AME
$55.6B
| $63M | 0.04% |
349,452
-12,195
| -3% | -$2.22M |
|
198
Credo Technology Group
CRDO
$38.9B
| $62.9M | 0.04% |
935,957
-1,098,748
| -54% | -$54.6M |
|
|
EFOR
199
Everforth Inc
EFOR
$1.25B
| $61.3M | 0.04% |
735,329
+320
| +0% | +$29.2K |
|
200
Alnylam Pharmaceuticals
ALNY
$29.2B
| $61.2M | 0.04% |
+259,913
| New | +$68.4M |
|
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.