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 |
Spotify
SPOT
|
+$1.28B |
| 2 |
Walmart Inc
WMT
|
+$595M |
| 3 |
TSMC
TSM
|
+$567M |
| 4 |
Boeing
BA
|
+$565M |
| 5 |
Edwards Lifesciences
EW
|
+$526M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$1.78B |
| 2 |
Mercado Libre
MELI
|
+$1.44B |
| 3 |
ASML
ASML
|
+$1.05B |
| 4 |
Broadcom
AVGO
|
+$878M |
| 5 |
MongoDB
MDB
|
+$871M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.73% |
| 2 | Consumer Discretionary | 16.21% |
| 3 | Communication Services | 16.04% |
| 4 | Healthcare | 8.87% |
| 5 | Financials | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NVIDIA
NVDA
$5.25T
| $13.1B | 7.93% |
97,252,072
-233,391
| -0.2% | -$32.2M |
|
2
Amazon
AMZN
$2.87T
| $11.6B | 7.04% |
52,834,607
-814,929
| -2% | -$167M |
|
3
Apple
AAPL
$4.67T
| $9.89B | 6% |
39,484,722
-1,473,346
| -4% | -$347M |
|
4
Microsoft
MSFT
$3.81T
| $9.61B | 5.84% |
22,798,076
-749,300
| -3% | -$319M |
|
5
Meta Platforms (Facebook)
META
$1.47T
| $8.34B | 5.07% |
14,247,646
-193,222
| -1% | -$113M |
|
|
6
Broadcom
AVGO
$1.75T
| $7.24B | 4.4% |
31,249,540
-4,749,055
| -13% | -$878M |
|
7
Netflix
NFLX
$340B
| $5.9B | 3.58% |
66,163,560
-3,745,180
| -5% | -$308M |
|
8
Tesla
TSLA
$1.38T
| $3.92B | 2.38% |
9,712,913
-2,488,299
| -20% | -$801M |
|
|
9
Eli Lilly
LLY
$1.05T
| $3.7B | 2.25% |
4,796,323
-2,151,072
| -31% | -$1.78B |
|
10
Mastercard
MA
$521B
| $3.35B | 2.03% |
6,357,673
-141,856
| -2% | -$73.4M |
|
11
Alphabet (Google) Class A
GOOGL
$4.24T
| $3.07B | 1.87% |
16,229,497
-1,954,027
| -11% | -$342M |
|
12
Costco
COST
$419B
| $2.96B | 1.8% |
3,232,189
-166,938
| -5% | -$155M |
|
|
13
Alphabet (Google) Class C
GOOG
$4.19T
| $2.72B | 1.65% |
14,308,205
-1,116,119
| -7% | -$197M |
|
14
ServiceNow
NOW
$150B
| $2.49B | 1.51% |
11,760,555
+1,740,935
| +17% | +$353M |
|
15
Visa
V
$712B
| $2.44B | 1.48% |
7,723,251
-1,370,696
| -15% | -$412M |
|
16
Cadence Design Systems
CDNS
$93.7B
| $2.41B | 1.46% |
8,010,251
+404,076
| +5% | +$117M |
|
|
17
Walmart Inc
WMT
$820B
| $2.29B | 1.39% |
25,339,448
+6,860,189
| +37% | +$595M |
|
18
Walt Disney
DIS
$187B
| $2.14B | 1.3% |
19,197,463
+3,636,742
| +23% | +$382M |
|
|
19
Mercado Libre
MELI
$99.7B
| $1.93B | 1.17% |
1,135,385
-738,534
| -39% | -$1.44B |
|
20
CrowdStrike
CRWD
$224B
| $1.85B | 1.13% |
21,683,920
+1,408,720
| +7% | +$117M |
|
|
21
Boeing
BA
$166B
| $1.82B | 1.11% |
10,301,265
+3,600,559
| +54% | +$565M |
|
22
Vertex Pharmaceuticals
VRTX
$137B
| $1.74B | 1.06% |
4,317,762
-1,232,624
| -22% | -$571M |
|
|
NVO
23
Novo Nordisk
NVO
$202B
| $1.72B | 1.04% |
19,944,809
-251,148
| -1% | -$27.2M |
|
24
Trade Desk
TTD
$6.38B
| $1.63B | 0.99% |
13,883,374
-6,437,395
| -32% | -$796M |
|
25
Uber
UBER
$161B
| $1.6B | 0.97% |
26,460,312
+7,137,512
| +37% | +$510M |
|
Similar funds
Jennison Associates's Q4 2024 Portfolio in Review
As of Q4 2024, Jennison Associates held 642 positions worth $165B, up 2.2% from $161B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $6.01B in Q4 2024, closing 70 positions and reducing 253 holdings. Its most notable exit was Centene, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Technology at 38% of assets, up from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in Spotify worth $1.34B.
- Jennison Associates's largest Q4 2024 buy was Spotify: 2,985,326 shares worth $1.34B.
- Jennison Associates added most to Walmart Inc in Q4 2024, an estimated $595M increase.
- Jennison Associates's biggest Q4 2024 reduction was Eli Lilly, cutting an estimated $1.78B.
- Jennison Associates fully exited Centene in Q4 2024, selling an estimated $129M.
- Jennison Associates's ten largest holdings make up 47% of its $165B portfolio in Q4 2024.
- Jennison Associates opened 84 new positions and closed 70 in Q4 2024.
- Jennison Associates's portfolio value rose 2.2% quarter-over-quarter to $165B.
Based on Jennison Associates's 13F filing for Q4 2024, filed 24 Jan 2025.