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 |
Airbnb
ABNB
|
+$1.4B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$715M |
| 3 |
DOCU
DocuSign
DOCU
|
+$707M |
| 4 |
Eli Lilly
LLY
|
+$697M |
| 5 |
CrowdStrike
CRWD
|
+$622M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Peloton Interactive
PTON
|
+$1.3B |
| 2 |
RingCentral
RNG
|
+$869M |
| 3 |
Apple
AAPL
|
+$809M |
| 4 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$751M |
| 5 |
COUP
Coupa Software Incorporated
COUP
|
+$525M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.56% |
| 2 | Consumer Discretionary | 21.74% |
| 3 | Communication Services | 16.85% |
| 4 | Financials | 8.71% |
| 5 | Healthcare | 7.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AVLR
251
DELISTED
Avalara, Inc.
AVLR
| $41.6M | 0.03% |
257,303
-5,461
| -2% | -$761K |
|
|
NSA
252
DELISTED
National Storage Affiliates Trust
NSA
| $41.4M | 0.03% |
818,502
-187,513
| -19% | -$8.58M |
|
|
STMP
253
DELISTED
Stamps.com, Inc.
STMP
| $41.4M | 0.03% |
206,531
-4,470
| -2% | -$876K |
|
254
Century Communities
CCS
$1.91B
| $40.9M | 0.03% |
614,764
+22,642
| +4% | +$1.6M |
|
255
Equinix
EQIX
$101B
| $40.9M | 0.03% |
50,954
-48,716
| -49% | -$36.2M |
|
|
NVO
256
Novo Nordisk
NVO
$208B
| $40.9M | 0.03% |
976,118
-244
| -0% | -$9.46K |
|
|
CTLT
257
DELISTED
CATALENT, INC.
CTLT
| $40.8M | 0.03% |
377,432
-59,409
| -14% | -$6.37M |
|
258
Enerpac Tool Group
EPAC
$1.83B
| $40.4M | 0.03% |
1,516,693
+689,252
| +83% | +$18.4M |
|
259
AXIS Capital
AXS
$7.68B
| $40.1M | 0.03% |
818,455
+58,028
| +8% | +$3.08M |
|
|
PACW
260
DELISTED
PacWest Bancorp
PACW
| $40M | 0.03% |
971,361
+223,865
| +30% | +$9.58M |
|
261
Cardlytics
CDLX
$21.7M
| $39.6M | 0.03% |
31,235
-132
| -0.4% | -$149K |
|
262
Paycom
PAYC
$7.64B
| $38.8M | 0.03% |
106,658
+12,514
| +13% | +$4.44M |
|
263
BJs Wholesale Club
BJ
$12.5B
| $38.6M | 0.03% |
811,827
-526,698
| -39% | -$24.1M |
|
264
Enterprise Financial Services Corp
EFSC
$2.4B
| $38.6M | 0.03% |
831,813
+168,969
| +25% | +$8.27M |
|
265
Illumina
ILMN
$31B
| $38.4M | 0.03% |
83,488
-17
| -0% | -$6.85K |
|
266
Microchip Technology
MCHP
$40.3B
| $38.4M | 0.03% |
513,130
-252,536
| -33% | -$19.2M |
|
267
National Vision
EYE
$1.77B
| $38.1M | 0.03% |
744,670
-15,955
| -2% | -$783K |
|
268
Azenta
AZTA
$1.3B
| $37.8M | 0.03% |
396,371
-505,474
| -56% | -$49M |
|
|
ZEN
269
DELISTED
ZENDESK INC
ZEN
| $37.2M | 0.02% |
257,653
+83,739
| +48% | +$11.8M |
|
270
Prologis
PLD
$135B
| $37.1M | 0.02% |
310,529
-4,326
| -1% | -$506K |
|
271
Wingstop
WING
$3.53B
| $36.7M | 0.02% |
232,720
-31,905
| -12% | -$4.6M |
|
272
Edison International
EIX
$28.2B
| $36.4M | 0.02% |
629,614
-614,200
| -49% | -$35.7M |
|
273
PG&E
PCG
$38.3B
| $36.3M | 0.02% |
3,571,978
-2,886,276
| -45% | -$31M |
|
274
Gartner
IT
$10.1B
| $36M | 0.02% |
+148,839
| New | +$32.6M |
|
275
Freeport-McMoran
FCX
$90B
| $35.9M | 0.02% |
968,046
+176,433
| +22% | +$6.87M |
|
Similar funds
Jennison Associates's Q2 2021 Portfolio in Review
As of Q2 2021, Jennison Associates held 746 positions worth $151B, up 10% from $137B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Jennison Associates's Q2 2021 filing shows 85 new, 265 increased, 299 reduced and 81 closed positions. Its largest new stake was dLocal: 2,105,049 shares worth $111M. The largest sale was Peloton Interactive, an estimated $1.3B.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2021 buy was dLocal: 2,105,049 shares worth $111M.
- Jennison Associates added most to Airbnb in Q2 2021, an estimated $1.4B increase.
- Jennison Associates's biggest Q2 2021 reduction was RingCentral, cutting an estimated $869M.
- Jennison Associates fully exited Peloton Interactive in Q2 2021, selling an estimated $1.3B.
- Jennison Associates's ten largest holdings make up 38% of its $151B portfolio in Q2 2021.
- Jennison Associates opened 85 new positions and closed 81 in Q2 2021.
- Jennison Associates's portfolio value rose 10% quarter-over-quarter to $151B.
Based on Jennison Associates's 13F filing for Q2 2021, filed 12 Aug 2021.