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 |
Apple
AAPL
|
+$2.13B |
| 2 |
Eaton
ETN
|
+$1.11B |
| 3 |
Analog Devices
ADI
|
+$867M |
| 4 |
Progressive
PGR
|
+$792M |
| 5 |
Datadog
DDOG
|
+$693M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$1.7B |
| 2 |
NVIDIA
NVDA
|
+$1.45B |
| 3 |
Salesforce
CRM
|
+$1.22B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.2B |
| 5 |
lululemon athletica
LULU
|
+$1.11B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.74% |
| 2 | Consumer Discretionary | 15.53% |
| 3 | Communication Services | 13.54% |
| 4 | Healthcare | 12.18% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.25T
| $13.2B | 8.48% |
107,036,673
-14,356,867
| -12% | -$1.45B |
|
2
Microsoft
MSFT
$3.81T
| $11.2B | 7.18% |
25,077,768
-156,520
| -0.6% | -$66.1M |
|
3
Amazon
AMZN
$2.87T
| $10.8B | 6.9% |
55,745,030
-921,153
| -2% | -$169M |
|
|
4
Apple
AAPL
$4.67T
| $8.62B | 5.52% |
40,910,592
+11,395,221
| +39% | +$2.13B |
|
5
Meta Platforms (Facebook)
META
$1.47T
| $7.15B | 4.58% |
14,177,805
+310,407
| +2% | +$151M |
|
6
Eli Lilly
LLY
$1.05T
| $6.55B | 4.2% |
7,232,988
-233,514
| -3% | -$187M |
|
7
Broadcom
AVGO
$1.75T
| $6.13B | 3.93% |
38,200,530
-3,209,720
| -8% | -$450M |
|
8
Netflix
NFLX
$340B
| $4.5B | 2.89% |
66,742,800
+2,928,160
| +5% | +$183M |
|
|
NVO
9
Novo Nordisk
NVO
$202B
| $3.03B | 1.94% |
21,220,641
+136,027
| +0.6% | +$18M |
|
10
Alphabet (Google) Class A
GOOGL
$4.24T
| $3.02B | 1.93% |
16,552,968
+2,241,277
| +16% | +$378M |
|
11
Mercado Libre
MELI
$99.7B
| $2.96B | 1.9% |
1,803,765
+6,281
| +0.3% | +$9.92M |
|
12
Mastercard
MA
$521B
| $2.94B | 1.88% |
6,658,099
-504,663
| -7% | -$230M |
|
13
Visa
V
$712B
| $2.92B | 1.87% |
11,128,648
-237,485
| -2% | -$65.1M |
|
14
Costco
COST
$419B
| $2.78B | 1.78% |
3,273,683
+26,928
| +0.8% | +$21M |
|
|
15
Advanced Micro Devices
AMD
$760B
| $2.72B | 1.74% |
16,766,233
-7,467,132
| -31% | -$1.2B |
|
|
16
Alphabet (Google) Class C
GOOG
$4.19T
| $2.59B | 1.66% |
14,133,050
+2,202,091
| +18% | +$375M |
|
17
Cadence Design Systems
CDNS
$93.7B
| $2.28B | 1.46% |
7,407,945
+322,419
| +5% | +$95.5M |
|
18
Vertex Pharmaceuticals
VRTX
$137B
| $2.2B | 1.41% |
4,699,332
-83,042
| -2% | -$36M |
|
19
Tesla
TSLA
$1.38T
| $2.16B | 1.38% |
10,907,119
+1,560,093
| +17% | +$273M |
|
20
Airbnb
ABNB
$112B
| $2B | 1.28% |
13,164,408
+2,532,373
| +24% | +$387M |
|
21
Intuitive Surgical
ISRG
$132B
| $1.86B | 1.19% |
4,170,420
-317,923
| -7% | -$127M |
|
22
Trade Desk
TTD
$6.38B
| $1.79B | 1.15% |
18,307,722
+4,037,308
| +28% | +$364M |
|
23
Walt Disney
DIS
$187B
| $1.76B | 1.13% |
17,741,507
+5,560,300
| +46% | +$599M |
|
24
ASML
ASML
$651B
| $1.71B | 1.1% |
1,674,122
-45,031
| -3% | -$43.3M |
|
25
ServiceNow
NOW
$150B
| $1.69B | 1.08% |
10,722,585
-1,336,890
| -11% | -$196M |
|
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Jennison Associates's Q2 2024 Portfolio in Review
As of Q2 2024, Jennison Associates held 620 positions worth $156B, up 4.3% from $150B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates's Q2 2024 filing shows 48 new, 288 increased, 229 reduced and 48 closed positions. Its largest new stake was Analog Devices: 4,062,204 shares worth $927M. The largest sale was UnitedHealth, an estimated $1.7B.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2024 buy was Analog Devices: 4,062,204 shares worth $927M.
- Jennison Associates added most to Apple in Q2 2024, an estimated $2.13B increase.
- Jennison Associates's biggest Q2 2024 reduction was UnitedHealth, cutting an estimated $1.7B.
- Jennison Associates fully exited Estee Lauder in Q2 2024, selling an estimated $291M.
- Jennison Associates's ten largest holdings make up 48% of its $156B portfolio in Q2 2024.
- Jennison Associates opened 48 new positions and closed 48 in Q2 2024.
- Jennison Associates's portfolio value rose 4.3% quarter-over-quarter to $156B.
Based on Jennison Associates's 13F filing for Q2 2024, filed 5 Aug 2024.