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 | |
|---|---|---|---|---|---|---|
|
NSA
201
DELISTED
National Storage Affiliates Trust
NSA
| $52.9M | 0.04% |
1,351,939
-1,668
| -0.1% | -$62.7K |
|
202
Quanta Services
PWR
$102B
| $52.6M | 0.04% |
202,491
-67,017
| -25% | -$14.8M |
|
203
Pinterest
PINS
$13.5B
| $52.4M | 0.04% |
1,512,018
-27,464
| -2% | -$998K |
|
204
Ally Financial
ALLY
$13.4B
| $52.3M | 0.03% |
+1,287,304
| New | +$47M |
|
205
Datadog
DDOG
$97.4B
| $52.1M | 0.03% |
421,693
+96,375
| +30% | +$12.1M |
|
206
Hayward Holdings
HAYW
$3.28B
| $51.6M | 0.03% |
3,370,356
-673,835
| -17% | -$9.01M |
|
207
Plains GP Holdings
PAGP
$5.15B
| $51.2M | 0.03% |
2,803,903
-506,622
| -15% | -$8.54M |
|
208
e.l.f. Beauty
ELF
$4.87B
| $51.1M | 0.03% |
260,606
-229,461
| -47% | -$40.8M |
|
209
Valero Energy
VLO
$88.5B
| $50.8M | 0.03% |
297,653
-98,031
| -25% | -$14M |
|
210
Boot Barn
BOOT
$4.8B
| $50.5M | 0.03% |
530,882
+86,969
| +20% | +$7.19M |
|
211
Credo Technology Group
CRDO
$40.7B
| $50.3M | 0.03% |
2,375,255
+45,396
| +2% | +$950K |
|
212
HEICO Corp
HEI
$50.4B
| $50.1M | 0.03% |
262,149
-22,703
| -8% | -$4.21M |
|
213
Huron Consulting
HURN
$2.39B
| $49.8M | 0.03% |
515,545
-83,980
| -14% | -$8.51M |
|
214
CoStar Group
CSGP
$12.2B
| $49.2M | 0.03% |
508,951
+70,393
| +16% | +$6.06M |
|
215
Johnson Controls International
JCI
$88.7B
| $49.1M | 0.03% |
752,443
-278,340
| -27% | -$16.2M |
|
|
BRKL
216
DELISTED
Brookline Bancorp
BRKL
| $49M | 0.03% |
4,917,763
+424,115
| +9% | +$4.29M |
|
217
Cogent Communications
CCOI
$663M
| $48.9M | 0.03% |
749,255
-79,409
| -10% | -$5.8M |
|
218
Marvell Technology
MRVL
$174B
| $48.9M | 0.03% |
689,822
-46,018
| -6% | -$3.15M |
|
219
Thermo Fisher Scientific
TMO
$213B
| $48.6M | 0.03% |
83,536
+51
| +0.1% | +$28.6K |
|
220
LiveRamp
RAMP
$2.3B
| $48.5M | 0.03% |
1,407,098
+1,043,457
| +287% | +$38.4M |
|
221
Digital Realty Trust
DLR
$70.7B
| $48.5M | 0.03% |
336,578
+155,926
| +86% | +$22M |
|
222
Tarsus Pharmaceuticals
TARS
$2.68B
| $48.4M | 0.03% |
+1,330,938
| New | +$39.1M |
|
223
Neurocrine Biosciences
NBIX
$16.7B
| $47.6M | 0.03% |
345,446
-106,016
| -23% | -$14.5M |
|
224
GFL Environmental
GFL
$15.2B
| $47.5M | 0.03% |
1,377,478
+44,517
| +3% | +$1.54M |
|
225
Take-Two Interactive
TTWO
$45.8B
| $47.5M | 0.03% |
319,848
+143,935
| +82% | +$22.3M |
|
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.