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 |
Salesforce
CRM
|
+$1.15B |
| 2 |
Snowflake
SNOW
|
+$725M |
| 3 |
Roblox
RBLX
|
+$671M |
| 4 |
Atlassian
TEAM
|
+$520M |
| 5 |
Sea Limited
SE
|
+$466M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.75B |
| 2 |
DOCU
DocuSign
DOCU
|
+$1.48B |
| 3 |
Twilio
TWLO
|
+$985M |
| 4 |
Carvana
CVNA
|
+$937M |
| 5 |
Visa
V
|
+$797M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.54% |
| 2 | Consumer Discretionary | 24.29% |
| 3 | Communication Services | 13.9% |
| 4 | Healthcare | 8.84% |
| 5 | Financials | 7.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Alexandria Real Estate Equities
ARE
$9.24B
| $48.1M | 0.03% |
215,828
+53,349
| +33% | +$11M |
|
227
Inspire Medical Systems
INSP
$1.5B
| $47.7M | 0.03% |
207,226
+48,781
| +31% | +$11.9M |
|
228
Trane Technologies
TT
$101B
| $47.6M | 0.03% |
235,442
-84,389
| -26% | -$15.9M |
|
229
Rush Enterprises Class A
RUSHA
$6.29B
| $47.3M | 0.03% |
1,276,256
+246,990
| +24% | +$8.63M |
|
230
Agilent Technologies
A
$39.5B
| $47.3M | 0.03% |
296,456
-69,313
| -19% | -$10.8M |
|
|
HES
231
DELISTED
Hess
HES
| $47.3M | 0.03% |
639,302
+278,246
| +77% | +$22.6M |
|
232
Etsy
ETSY
$7.89B
| $47.3M | 0.03% |
215,978
-18,875
| -8% | -$4.55M |
|
233
Enphase Energy
ENPH
$5.2B
| $47.1M | 0.03% |
257,442
-48,980
| -16% | -$10.2M |
|
234
TotalEnergies
TTE
$193B
| $46.8M | 0.03% |
945,569
+10,302
| +1% | +$513K |
|
235
HDFC Bank
HDB
$124B
| $46.4M | 0.03% |
1,425,120
+285,038
| +25% | +$9.98M |
|
236
Phreesia
PHR
$698M
| $46.4M | 0.03% |
1,112,914
-197,187
| -15% | -$11.7M |
|
237
Ares Management
ARES
$31.3B
| $45.9M | 0.03% |
565,139
-133,418
| -19% | -$10.9M |
|
238
FIVE9
FIVN
$2.22B
| $45.9M | 0.03% |
334,418
+138,491
| +71% | +$20.5M |
|
|
INN
239
Summit Hotel Properties
INN
$749M
| $45.5M | 0.03% |
4,657,048
+678,259
| +17% | +$6.58M |
|
240
ON Semiconductor
ON
$31.3B
| $45.2M | 0.03% |
664,856
-797,690
| -55% | -$45.2M |
|
241
Gates Industrial Corporation Ltd.
GTES
$7.44B
| $45M | 0.03% |
2,830,440
+283,997
| +11% | +$4.66M |
|
242
Ralph Lauren
RL
$22.6B
| $44.9M | 0.03% |
377,726
+103,382
| +38% | +$12.4M |
|
243
Enviri
NVRI
$651M
| $44.8M | 0.03% |
2,682,833
-52,035
| -2% | -$839K |
|
244
Teledyne Technologies
TDY
$31.1B
| $44.7M | 0.03% |
102,217
+20,237
| +25% | +$8.8M |
|
|
EVOP
245
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $44.4M | 0.03% |
1,734,209
+129,313
| +8% | +$2.96M |
|
246
CONMED
CNMD
$1.55B
| $44.2M | 0.03% |
+311,780
| New | +$44.2M |
|
|
AZEK
247
DELISTED
The AZEK Co
AZEK
| $44M | 0.03% |
951,418
+76,085
| +9% | +$3.03M |
|
248
First Bancorp
FBNC
$2.64B
| $43.5M | 0.03% |
951,606
+31,608
| +3% | +$1.48M |
|
249
Freeport-McMoran
FCX
$91.5B
| $43.1M | 0.03% |
1,032,617
+225,014
| +28% | +$8.55M |
|
250
e.l.f. Beauty
ELF
$4.87B
| $42.8M | 0.03% |
1,289,735
-163,820
| -11% | -$5.08M |
|
Similar funds
Jennison Associates's Q4 2021 Portfolio in Review
As of Q4 2021, Jennison Associates held 746 positions worth $158B, up 2% from $155B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates withdrew a net $5.22B in Q4 2021, closing 93 positions and reducing 314 holdings. Its most notable exit was DocuSign, an estimated $1.48B position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in NXP Semiconductors worth $122M.
- Jennison Associates's largest Q4 2021 buy was NXP Semiconductors: 536,962 shares worth $122M.
- Jennison Associates added most to Salesforce in Q4 2021, an estimated $1.15B increase.
- Jennison Associates's biggest Q4 2021 reduction was Meta Platforms (Facebook), cutting an estimated $1.75B.
- Jennison Associates fully exited DocuSign in Q4 2021, selling an estimated $1.48B.
- Jennison Associates's ten largest holdings make up 42% of its $158B portfolio in Q4 2021.
- Jennison Associates opened 85 new positions and closed 93 in Q4 2021.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $158B.
Based on Jennison Associates's 13F filing for Q4 2021, filed 8 Feb 2022.