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 | |
|---|---|---|---|---|---|---|
276
Outset Medical
OM
$84.7M
| $35.7M | 0.02% |
47,586
+6
| +0% | +$4.59K |
|
|
BPMC
277
DELISTED
Blueprint Medicines
BPMC
| $35.6M | 0.02% |
404,501
-8,412
| -2% | -$771K |
|
278
First Bancorp
FBNC
$2.6B
| $35.4M | 0.02% |
866,192
+170,451
| +24% | +$7.36M |
|
279
HEICO Corp
HEI
$49.8B
| $35.3M | 0.02% |
+253,497
| New | +$35M |
|
280
Citi Trends
CTRN
$555M
| $35.3M | 0.02% |
405,711
+354,973
| +700% | +$32.7M |
|
281
Cactus
WHD
$5.21B
| $35.1M | 0.02% |
955,642
+139,986
| +17% | +$4.84M |
|
282
NiSource
NI
$21.3B
| $34.8M | 0.02% |
+1,421,772
| New | +$36.2M |
|
283
e.l.f. Beauty
ELF
$4.89B
| $34.8M | 0.02% |
1,282,892
+119,471
| +10% | +$3.42M |
|
284
Inspire Medical Systems
INSP
$1.45B
| $34.8M | 0.02% |
179,932
-5,634
| -3% | -$1.12M |
|
285
Houlihan Lokey
HLI
$8.77B
| $34.7M | 0.02% |
424,640
-21,511
| -5% | -$1.56M |
|
|
AGR
286
DELISTED
Avangrid, Inc.
AGR
| $34.2M | 0.02% |
665,065
-8,362
| -1% | -$436K |
|
|
EXAS
287
DELISTED
Exact Sciences
EXAS
| $33.7M | 0.02% |
271,365
+49,271
| +22% | +$5.88M |
|
|
AZEK
288
DELISTED
The AZEK Co
AZEK
| $33.7M | 0.02% |
794,216
-692,105
| -47% | -$31M |
|
289
Monolithic Power Systems
MPWR
$70.1B
| $33.7M | 0.02% |
90,258
-12,348
| -12% | -$4.35M |
|
290
Pembina Pipeline
PBA
$28.4B
| $33.7M | 0.02% |
1,059,798
+131,587
| +14% | +$4.13M |
|
291
Gaming and Leisure Properties
GLPI
$12.7B
| $33.7M | 0.02% |
726,643
+14,055
| +2% | +$646K |
|
292
Bally's
BALY
$682M
| $33.5M | 0.02% |
618,934
+468,444
| +311% | +$26.4M |
|
|
AESC
293
DELISTED
The AES Corporation
AESC
| $33.3M | 0.02% |
309,964
-29,036
| -9% | -$3.07M |
|
294
Corning
GLW
$119B
| $33.2M | 0.02% |
810,894
+410,121
| +102% | +$17.9M |
|
|
SAGE
295
DELISTED
Sage Therapeutics
SAGE
| $33.1M | 0.02% |
582,120
+22,594
| +4% | +$1.6M |
|
296
OGE Energy
OGE
$9.78B
| $33.1M | 0.02% |
982,521
-13,146
| -1% | -$443K |
|
297
MaxLinear
MXL
$6.06B
| $33M | 0.02% |
777,829
-7,394
| -0.9% | -$276K |
|
298
Etsy
ETSY
$7.75B
| $32.9M | 0.02% |
159,952
-28,555
| -15% | -$5.28M |
|
299
Southern Company
SO
$109B
| $32.9M | 0.02% |
542,886
-422,824
| -44% | -$27M |
|
300
Teleflex
TFX
$6.05B
| $32.5M | 0.02% |
80,776
-46,720
| -37% | -$19.1M |
|
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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.