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 | |
|---|---|---|---|---|---|---|
251
Eastern Bankshares
EBC
$5.29B
| $42.7M | 0.03% |
2,117,074
+809,522
| +62% | +$16.8M |
|
252
Houlihan Lokey
HLI
$8.77B
| $42.4M | 0.03% |
409,919
-10,355
| -2% | -$1.11M |
|
253
Entegris
ENTG
$19.1B
| $42.2M | 0.03% |
304,844
-156,363
| -34% | -$21.9M |
|
254
PagerDuty
PD
$856M
| $42.1M | 0.03% |
1,210,891
+807,545
| +200% | +$31.2M |
|
255
Tandem Diabetes Care
TNDM
$1.38B
| $41.8M | 0.03% |
277,581
-283,302
| -51% | -$38.2M |
|
|
SNCY
256
DELISTED
Sun Country Airlines
SNCY
| $41.5M | 0.03% |
1,523,084
+619,119
| +68% | +$18.5M |
|
257
National Vision
EYE
$1.8B
| $41.5M | 0.03% |
863,809
+124,082
| +17% | +$6.65M |
|
258
Edison International
EIX
$27.5B
| $40.5M | 0.03% |
593,833
| – | – |
|
259
Metropolitan Bank Holding Corp
MCB
$1.15B
| $40.2M | 0.03% |
377,599
+143,452
| +61% | +$13.6M |
|
260
WEX
WEX
$6.38B
| $40.1M | 0.03% |
285,585
+1,402
| +0.5% | +$214K |
|
261
East-West Bancorp
EWBC
$18.1B
| $39.9M | 0.03% |
506,629
+3,199
| +0.6% | +$257K |
|
262
Bio-Rad Laboratories Class A
BIO
$8.96B
| $39.5M | 0.03% |
52,223
+41
| +0.1% | +$30.7K |
|
263
Enerpac Tool Group
EPAC
$1.85B
| $39M | 0.02% |
1,923,996
+55,978
| +3% | +$1.2M |
|
264
Toll Brothers
TOL
$14.1B
| $39M | 0.02% |
538,580
+38,889
| +8% | +$2.5M |
|
|
SWAV
265
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $38.9M | 0.02% |
218,392
-73,022
| -25% | -$14.4M |
|
266
Prologis
PLD
$135B
| $38.8M | 0.02% |
230,609
-20,149
| -8% | -$3.01M |
|
267
Enterprise Financial Services Corp
EFSC
$2.42B
| $38.7M | 0.02% |
822,522
-7,019
| -0.8% | -$335K |
|
268
Zimmer Biomet
ZBH
$18.8B
| $38.5M | 0.02% |
311,990
-844,735
| -73% | -$111M |
|
|
MRTX
269
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $37.8M | 0.02% |
257,939
-4,382
| -2% | -$680K |
|
270
OGE Energy
OGE
$9.79B
| $37.7M | 0.02% |
982,521
| – | – |
|
271
Cardlytics
CDLX
$23.6M
| $37.7M | 0.02% |
56,992
+37,653
| +195% | +$28.8M |
|
272
Cactus
WHD
$5.12B
| $37.2M | 0.02% |
974,806
+3,992
| +0.4% | +$161K |
|
|
RVNC
273
DELISTED
Revance Therapeutics, Inc.
RVNC
| $36M | 0.02% |
2,203,564
+118,038
| +6% | +$1.97M |
|
|
BAND
274
Bandwidth Inc
BAND
$1.4B
| $35.8M | 0.02% |
498,772
+54,981
| +12% | +$4.28M |
|
|
Y
275
DELISTED
Alleghany Corp
Y
| $35.7M | 0.02% |
53,407
+9,091
| +21% | +$6.06M |
|
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.