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 | |
|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.25T
| $11.8B | 7.35% |
97,485,463
-9,551,210
| -9% | -$1.13B |
|
|
2
Microsoft
MSFT
$3.81T
| $10.1B | 6.29% |
23,547,376
-1,530,392
| -6% | -$654M |
|
3
Amazon
AMZN
$2.87T
| $10B | 6.21% |
53,649,536
-2,095,494
| -4% | -$382M |
|
4
Apple
AAPL
$4.67T
| $9.54B | 5.92% |
40,958,068
+47,476
| +0.1% | +$10.6M |
|
5
Meta Platforms (Facebook)
META
$1.47T
| $8.27B | 5.13% |
14,440,868
+263,063
| +2% | +$135M |
|
6
Broadcom
AVGO
$1.75T
| $6.21B | 3.86% |
35,998,595
-2,201,935
| -6% | -$353M |
|
7
Eli Lilly
LLY
$1.05T
| $6.15B | 3.82% |
6,947,395
-285,593
| -4% | -$257M |
|
8
Netflix
NFLX
$340B
| $4.96B | 3.08% |
69,908,740
+3,165,940
| +5% | +$212M |
|
9
Mercado Libre
MELI
$99.7B
| $3.85B | 2.39% |
1,873,919
+70,154
| +4% | +$132M |
|
10
Mastercard
MA
$521B
| $3.21B | 1.99% |
6,499,529
-158,570
| -2% | -$73.7M |
|
11
Tesla
TSLA
$1.38T
| $3.19B | 1.98% |
12,201,212
+1,294,093
| +12% | +$295M |
|
12
Alphabet (Google) Class A
GOOGL
$4.24T
| $3.02B | 1.87% |
18,183,524
+1,630,556
| +10% | +$274M |
|
13
Costco
COST
$419B
| $3.01B | 1.87% |
3,399,127
+125,444
| +4% | +$109M |
|
|
14
Vertex Pharmaceuticals
VRTX
$137B
| $2.58B | 1.6% |
5,550,386
+851,054
| +18% | +$409M |
|
|
15
Alphabet (Google) Class C
GOOG
$4.19T
| $2.58B | 1.6% |
15,424,324
+1,291,274
| +9% | +$219M |
|
|
16
Visa
V
$712B
| $2.5B | 1.55% |
9,093,947
-2,034,701
| -18% | -$550M |
|
|
NVO
17
Novo Nordisk
NVO
$202B
| $2.4B | 1.49% |
20,195,957
-1,024,684
| -5% | -$137M |
|
18
Trade Desk
TTD
$6.38B
| $2.23B | 1.38% |
20,320,769
+2,013,047
| +11% | +$201M |
|
19
Cadence Design Systems
CDNS
$93.7B
| $2.06B | 1.28% |
7,606,175
+198,230
| +3% | +$54.8M |
|
|
20
Advanced Micro Devices
AMD
$760B
| $1.94B | 1.21% |
11,832,406
-4,933,827
| -29% | -$750M |
|
21
ServiceNow
NOW
$150B
| $1.79B | 1.11% |
10,019,620
-702,965
| -7% | -$116M |
|
22
Intuitive Surgical
ISRG
$132B
| $1.66B | 1.03% |
3,379,085
-791,335
| -19% | -$368M |
|
23
Walt Disney
DIS
$187B
| $1.5B | 0.93% |
15,560,721
-2,180,786
| -12% | -$201M |
|
|
24
Walmart Inc
WMT
$820B
| $1.49B | 0.93% |
18,479,259
+15,290,936
| +480% | +$1.12B |
|
|
25
GE Aerospace
GE
$355B
| $1.47B | 0.91% |
7,771,759
+3,719,894
| +92% | +$630M |
|
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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.