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 | |
|---|---|---|---|---|---|---|
301
Oneok
OKE
$54.8B
| $29.4M | 0.02% |
580,093
+202,969
| +54% | +$9.22M |
|
302
East-West Bancorp
EWBC
$18.3B
| $29.3M | 0.02% |
396,780
-730,085
| -65% | -$49.7M |
|
|
EXAS
303
DELISTED
Exact Sciences
EXAS
| $29.3M | 0.02% |
+222,094
| New | +$30.4M |
|
304
Lam Research
LRCX
$392B
| $28.9M | 0.02% |
484,990
-441,590
| -48% | -$24.1M |
|
305
Nurix Therapeutics
NRIX
$2.58B
| $28.6M | 0.02% |
919,994
+721,743
| +364% | +$27.3M |
|
|
PACW
306
DELISTED
PacWest Bancorp
PACW
| $28.5M | 0.02% |
+747,496
| New | +$26.2M |
|
307
Oric Pharmaceuticals
ORIC
$1.37B
| $28M | 0.02% |
1,143,479
+619,999
| +118% | +$19.6M |
|
308
Sunrun
RUN
$2.52B
| $27.8M | 0.02% |
459,850
+243,168
| +112% | +$16.9M |
|
309
CoStar Group
CSGP
$12.2B
| $27.7M | 0.02% |
337,470
-380,040
| -53% | -$32.8M |
|
310
Hilton Worldwide
HLT
$72.6B
| $27.6M | 0.02% |
+228,053
| New | +$26.4M |
|
311
Eastern Bankshares
EBC
$5.32B
| $27.4M | 0.02% |
1,421,528
-58,273
| -4% | -$1.01M |
|
312
Take-Two Interactive
TTWO
$44B
| $27.3M | 0.02% |
154,353
-100,734
| -39% | -$19.1M |
|
313
WSFS Financial
WSFS
$4.23B
| $27.2M | 0.02% |
545,410
-465,757
| -46% | -$22.4M |
|
314
Integra LifeSciences
IART
$1.38B
| $27.1M | 0.02% |
391,803
-14,315
| -4% | -$970K |
|
315
Sprouts Farmers Market
SFM
$8.01B
| $27M | 0.02% |
1,013,756
-114,787
| -10% | -$2.61M |
|
316
Pembina Pipeline
PBA
$27.8B
| $26.8M | 0.02% |
928,211
+151,904
| +20% | +$4.22M |
|
317
MaxLinear
MXL
$6.38B
| $26.8M | 0.02% |
785,223
-69,147
| -8% | -$2.47M |
|
|
CNST
318
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $26.6M | 0.02% |
1,138,260
-48,119
| -4% | -$1.46M |
|
319
Rush Street Interactive
RSI
$2.77B
| $26.5M | 0.02% |
1,621,532
+1,465,961
| +942% | +$28.2M |
|
320
ASML
ASML
$651B
| $26.4M | 0.02% |
42,716
+26,233
| +159% | +$14.5M |
|
321
Freeport-McMoran
FCX
$99.7B
| $26.1M | 0.02% |
791,613
-39,893
| -5% | -$1.29M |
|
|
QTS
322
DELISTED
QTS REALTY TRUST, INC.
QTS
| $26M | 0.02% |
419,148
-177,555
| -30% | -$11.1M |
|
|
EFOR
323
Everforth Inc
EFOR
$1.26B
| $25.8M | 0.02% |
+270,016
| New | +$24.9M |
|
324
Vroom Inc
VRM
$44.4M
| $25.8M | 0.02% |
8,260
-433
| -5% | -$1.4M |
|
325
Trinity Industries
TRN
$2.57B
| $25.3M | 0.02% |
887,214
+58,445
| +7% | +$1.72M |
|
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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.