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 |
Snap
SNAP
|
+$2.23B |
| 2 |
Target
TGT
|
+$794M |
| 3 |
Eli Lilly
LLY
|
+$697M |
| 4 |
Mercado Libre
MELI
|
+$619M |
| 5 |
Airbnb
ABNB
|
+$527M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.46B |
| 2 |
Tesla
TSLA
|
+$1.04B |
| 3 |
Teladoc Health
TDOC
|
+$966M |
| 4 |
Home Depot
HD
|
+$741M |
| 5 |
Microsoft
MSFT
|
+$667M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.6% |
| 2 | Consumer Discretionary | 22.78% |
| 3 | Communication Services | 16.93% |
| 4 | Financials | 8.37% |
| 5 | Healthcare | 7.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
WEX
WEX
$6.44B
| $39.3M | 0.03% |
+187,877
| New | +$39.7M |
|
252
Jazz Pharmaceuticals
JAZZ
$16.4B
| $39.1M | 0.03% |
238,072
+37,105
| +18% | +$6.11M |
|
253
Outset Medical
OM
$92.9M
| $38.8M | 0.03% |
47,580
+31,381
| +194% | +$24.2M |
|
254
Kennametal
KMT
$2.7B
| $38.8M | 0.03% |
969,887
+172,267
| +22% | +$6.71M |
|
255
Inspire Medical Systems
INSP
$1.74B
| $38.4M | 0.03% |
185,566
-23,799
| -11% | -$5.06M |
|
256
Etsy
ETSY
$8.1B
| $38M | 0.03% |
188,507
-85,491
| -31% | -$17.9M |
|
257
AXIS Capital
AXS
$7.57B
| $37.7M | 0.03% |
760,427
+105,548
| +16% | +$5.29M |
|
258
Repligen
RGEN
$8.8B
| $37.5M | 0.03% |
192,993
-1,741
| -0.9% | -$357K |
|
259
Apollo Global Management
APO
$73.9B
| $37.2M | 0.03% |
791,904
+157,999
| +25% | +$7.69M |
|
260
Nordson
NDSN
$17.3B
| $36.7M | 0.03% |
184,851
+662
| +0.4% | +$129K |
|
261
Monolithic Power Systems
MPWR
$65.5B
| $36.2M | 0.03% |
102,606
-63,581
| -38% | -$23.2M |
|
|
SYNH
262
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $36M | 0.03% |
474,218
-32,443
| -6% | -$2.45M |
|
263
Novavax
NVAX
$1.25B
| $35.9M | 0.03% |
198,250
-25,947
| -12% | -$5.17M |
|
264
Lattice Semiconductor
LSCC
$18.3B
| $35.9M | 0.03% |
796,814
-334,275
| -30% | -$14.8M |
|
265
Century Communities
CCS
$2.04B
| $35.7M | 0.03% |
+592,122
| New | +$32.2M |
|
|
ACCD
266
DELISTED
Accolade Inc
ACCD
| $35.5M | 0.03% |
781,768
+137,992
| +21% | +$6.64M |
|
267
Boot Barn
BOOT
$4.87B
| $35.4M | 0.03% |
567,534
-8,784
| -2% | -$516K |
|
268
Aptiv
APTV
$9.92B
| $35.4M | 0.03% |
256,345
-104,100
| -29% | -$15.1M |
|
269
L3Harris
LHX
$53.1B
| $35.1M | 0.03% |
173,013
-38,940
| -18% | -$7.31M |
|
|
AVLR
270
DELISTED
Avalara, Inc.
AVLR
| $35.1M | 0.03% |
262,764
-52,278
| -17% | -$8.06M |
|
|
AESC
271
DELISTED
The AES Corporation
AESC
| $35M | 0.03% |
+339,000
| New | +$34.6M |
|
272
Gilead Sciences
GILD
$162B
| $34.9M | 0.03% |
+540,103
| New | +$34.8M |
|
273
Paycom
PAYC
$8.1B
| $34.8M | 0.03% |
94,144
+3,197
| +4% | +$1.26M |
|
274
Cardlytics
CDLX
$23.8M
| $34.4M | 0.03% |
31,367
-365
| -1% | -$482K |
|
275
Rush Enterprises Class A
RUSHA
$6.42B
| $34.3M | 0.03% |
1,032,942
-84,111
| -8% | -$2.51M |
|
Similar funds
Jennison Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Jennison Associates held 765 positions worth $137B, down 2.6% from $140B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Jennison Associates's Q1 2021 filing shows 126 new, 252 increased, 272 reduced and 104 closed positions. Its largest new stake was Snap: 38,849,947 shares worth $2.03B. The largest sale was Apple, an estimated $1.46B.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2021 buy was Snap: 38,849,947 shares worth $2.03B.
- Jennison Associates added most to Target in Q1 2021, an estimated $794M increase.
- Jennison Associates's biggest Q1 2021 reduction was Apple, cutting an estimated $1.46B.
- Jennison Associates fully exited SAP in Q1 2021, selling an estimated $58.7M.
- Jennison Associates's ten largest holdings make up 37% of its $137B portfolio in Q1 2021.
- Jennison Associates opened 126 new positions and closed 104 in Q1 2021.
- Jennison Associates's portfolio value fell 2.6% quarter-over-quarter to $137B.
Based on Jennison Associates's 13F filing for Q1 2021, filed 11 May 2021.