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 | |
|---|---|---|---|---|---|---|
201
Watsco Inc
WSO
$13B
| $60.4M | 0.04% |
122,862
+10,173
| +9% | +$4.89M |
|
|
EXAS
202
DELISTED
Exact Sciences
EXAS
| $60.3M | 0.04% |
884,659
-30,775
| -3% | -$1.74M |
|
203
Chesapeake Utilities
CPK
$3.23B
| $59.9M | 0.04% |
482,289
-19,072
| -4% | -$2.23M |
|
204
Ally Financial
ALLY
$13.5B
| $59.5M | 0.04% |
1,672,812
+75,080
| +5% | +$3M |
|
205
e.l.f. Beauty
ELF
$4.89B
| $59.5M | 0.04% |
545,779
+174,957
| +47% | +$27.4M |
|
206
MACOM Technology Solutions
MTSI
$19.4B
| $58.9M | 0.04% |
529,817
+71,123
| +16% | +$7.46M |
|
207
Wintrust Financial
WTFC
$10.8B
| $58.2M | 0.04% |
536,252
+88,814
| +20% | +$9.26M |
|
208
Enterprise Products Partners
EPD
$81.6B
| $57.9M | 0.04% |
1,990,164
| – | – |
|
209
GFL Environmental
GFL
$15.3B
| $57.5M | 0.04% |
1,442,995
-201,071
| -12% | -$8.04M |
|
210
Insmed
INSM
$21.1B
| $56.2M | 0.03% |
769,253
+24,973
| +3% | +$1.84M |
|
211
Century Communities
CCS
$1.94B
| $56.1M | 0.03% |
544,407
+49,256
| +10% | +$4.71M |
|
212
Western Alliance Bancorporation
WAL
$8.93B
| $54.8M | 0.03% |
633,163
-799,012
| -56% | -$61.5M |
|
213
Oracle
ORCL
$396B
| $54.3M | 0.03% |
318,903
-135,081
| -30% | -$19.6M |
|
214
Gartner
IT
$10.1B
| $53.6M | 0.03% |
105,769
+14,167
| +15% | +$6.81M |
|
215
Zurn Elkay Water Solutions
ZWS
$8.45B
| $53.4M | 0.03% |
1,484,458
-135,365
| -8% | -$4.28M |
|
216
Skyward Specialty Insurance
SKWD
$2.46B
| $52.8M | 0.03% |
1,296,001
+12,484
| +1% | +$484K |
|
217
Diamondback Energy
FANG
$56B
| $52.7M | 0.03% |
305,943
-22,720
| -7% | -$4.37M |
|
|
APLS
218
DELISTED
Apellis Pharmaceuticals
APLS
| $52.5M | 0.03% |
1,821,115
-1,770,301
| -49% | -$65.6M |
|
219
Lowe's Companies
LOW
$117B
| $52.5M | 0.03% |
193,672
+37,162
| +24% | +$9M |
|
220
Pinterest
PINS
$13.5B
| $52.3M | 0.03% |
1,615,844
+27,331
| +2% | +$929K |
|
221
Allison Transmission
ALSN
$9.64B
| $52.2M | 0.03% |
+542,900
| New | +$46.5M |
|
222
Saia
SAIA
$9.33B
| $51.8M | 0.03% |
118,461
-55,067
| -32% | -$23.3M |
|
223
Impinj
PI
$4.91B
| $51.8M | 0.03% |
239,140
+31,269
| +15% | +$5.3M |
|
224
Dorman Products
DORM
$3.85B
| $51.5M | 0.03% |
454,852
+55,615
| +14% | +$5.85M |
|
225
Galicia Financial Group
GGAL
$8.14B
| $51.4M | 0.03% |
+1,221,583
| New | +$42.5M |
|
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.