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 | |
|---|---|---|---|---|---|---|
201
Ametek
AME
$55.4B
| $51.9M | 0.04% |
314,881
+117,205
| +59% | +$17.9M |
|
202
Enterprise Products Partners
EPD
$82.3B
| $51.7M | 0.04% |
1,963,548
-19,198
| -1% | -$511K |
|
203
Valero Energy
VLO
$90.1B
| $51.4M | 0.04% |
395,684
+154,141
| +64% | +$19.6M |
|
204
Bloomin' Brands
BLMN
$741M
| $51.2M | 0.04% |
1,818,596
-1,178,179
| -39% | -$28.6M |
|
205
HEICO Corp
HEI
$49.8B
| $51M | 0.04% |
284,852
-137
| -0% | -$23.2K |
|
206
TechnipFMC
FTI
$28.1B
| $50.9M | 0.04% |
2,528,059
+782,290
| +45% | +$16M |
|
207
Darling Ingredients
DAR
$9.64B
| $50.3M | 0.04% |
1,008,227
+226,134
| +29% | +$10.3M |
|
208
General Motors
GM
$80.4B
| $50M | 0.04% |
1,391,039
-868,757
| -38% | -$26.9M |
|
209
Intapp
INTA
$2.52B
| $49.2M | 0.04% |
1,293,014
+140,697
| +12% | +$5.18M |
|
|
BRKL
210
DELISTED
Brookline Bancorp
BRKL
| $49M | 0.04% |
4,493,648
+870,327
| +24% | +$8.26M |
|
|
PYCR
211
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $48.4M | 0.04% |
2,242,698
+5,918
| +0.3% | +$129K |
|
212
Bankunited
BKU
$3.37B
| $47.3M | 0.04% |
1,459,268
+513,342
| +54% | +$13.3M |
|
213
DexCom
DXCM
$31.5B
| $46.9M | 0.04% |
378,085
-3,914,081
| -91% | -$400M |
|
214
GFL Environmental
GFL
$14.9B
| $46M | 0.03% |
1,332,961
+147,954
| +12% | +$4.5M |
|
215
GE Aerospace
GE
$374B
| $45.8M | 0.03% |
449,818
-508,075
| -53% | -$47.1M |
|
216
Ero Copper
ERO
$2.81B
| $45.5M | 0.03% |
2,877,151
-667,710
| -19% | -$9.39M |
|
217
Credo Technology Group
CRDO
$38.6B
| $45.4M | 0.03% |
+2,329,859
| New | +$39.6M |
|
218
Insulet
PODD
$11.5B
| $45M | 0.03% |
207,519
+75,954
| +58% | +$13M |
|
219
Marvell Technology
MRVL
$168B
| $44.4M | 0.03% |
735,840
+11,326
| +2% | +$612K |
|
220
Thermo Fisher Scientific
TMO
$213B
| $44.3M | 0.03% |
83,485
+564
| +0.7% | +$273K |
|
221
Abbott
ABT
$183B
| $44M | 0.03% |
400,107
+4,309
| +1% | +$431K |
|
222
Mondelez International
MDLZ
$79.5B
| $43.7M | 0.03% |
603,992
-571,247
| -49% | -$39.1M |
|
|
PR
223
Permian Resources
PR
$17.8B
| $43.6M | 0.03% |
3,207,627
-2,281,552
| -42% | -$31.2M |
|
224
Wingstop
WING
$3.53B
| $42.4M | 0.03% |
165,100
-42,061
| -20% | -$9.09M |
|
225
MakeMyTrip
MMYT
$5.36B
| $42.2M | 0.03% |
898,514
-113,093
| -11% | -$4.77M |
|
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.