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 | 13.13% |
| 4 | Communication Services | 11.8% |
| 5 | Financials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.25T
| $11B | 7.33% |
121,393,540
-21,855,710
| -15% | -$1.58B |
|
2
Microsoft
MSFT
$3.81T
| $10.6B | 7.1% |
25,234,288
-271,312
| -1% | -$110M |
|
3
Amazon
AMZN
$2.87T
| $10.2B | 6.83% |
56,666,183
+295,132
| +0.5% | +$49.3M |
|
|
4
Meta Platforms (Facebook)
META
$1.47T
| $6.73B | 4.5% |
13,867,398
+2,748,620
| +25% | +$1.23B |
|
5
Eli Lilly
LLY
$1.05T
| $5.81B | 3.88% |
7,466,502
-131,110
| -2% | -$93.3M |
|
|
6
Broadcom
AVGO
$1.75T
| $5.49B | 3.67% |
41,410,250
+12,639,570
| +44% | +$1.57B |
|
7
Apple
AAPL
$4.67T
| $5.06B | 3.38% |
29,515,371
+485,873
| +2% | +$88.3M |
|
8
Advanced Micro Devices
AMD
$760B
| $4.37B | 2.92% |
24,233,365
-2,652,915
| -10% | -$464M |
|
|
9
Netflix
NFLX
$340B
| $3.88B | 2.59% |
63,814,640
+9,291,930
| +17% | +$524M |
|
10
Mastercard
MA
$521B
| $3.45B | 2.31% |
7,162,762
-505,376
| -7% | -$231M |
|
11
Visa
V
$712B
| $3.17B | 2.12% |
11,366,133
-457,980
| -4% | -$126M |
|
12
Mercado Libre
MELI
$99.7B
| $2.72B | 1.82% |
1,797,484
-334,054
| -16% | -$547M |
|
|
NVO
13
Novo Nordisk
NVO
$202B
| $2.71B | 1.81% |
21,084,614
-1,443,158
| -6% | -$172M |
|
14
Salesforce
CRM
$211B
| $2.44B | 1.63% |
8,104,051
-505,681
| -6% | -$146M |
|
15
Costco
COST
$419B
| $2.38B | 1.59% |
3,246,755
-112,984
| -3% | -$80.7M |
|
16
Cadence Design Systems
CDNS
$93.7B
| $2.21B | 1.47% |
7,085,526
+459,603
| +7% | +$136M |
|
|
17
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.16B | 1.44% |
14,311,691
-9,093,731
| -39% | -$1.3B |
|
18
Vertex Pharmaceuticals
VRTX
$137B
| $2B | 1.34% |
4,782,374
+837,461
| +21% | +$354M |
|
19
Home Depot
HD
$329B
| $1.89B | 1.26% |
4,917,286
+569,690
| +13% | +$208M |
|
20
ServiceNow
NOW
$150B
| $1.84B | 1.23% |
12,059,475
-546,475
| -4% | -$82.8M |
|
21
UnitedHealth
UNH
$353B
| $1.83B | 1.23% |
3,704,770
+86,957
| +2% | +$44.2M |
|
|
22
Alphabet (Google) Class C
GOOG
$4.19T
| $1.82B | 1.21% |
11,930,959
-6,638,454
| -36% | -$958M |
|
23
Intuitive Surgical
ISRG
$132B
| $1.79B | 1.2% |
4,488,343
+198,483
| +5% | +$75M |
|
24
Adobe
ADBE
$116B
| $1.79B | 1.19% |
3,539,209
-763,146
| -18% | -$437M |
|
|
25
Airbnb
ABNB
$112B
| $1.75B | 1.17% |
10,632,035
+3,899,179
| +58% | +$590M |
|
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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.