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 | |
|---|---|---|---|---|---|---|
301
Kennametal
KMT
$2.59B
| $31.4M | 0.02% |
873,361
-96,526
| -10% | -$3.78M |
|
|
HES
302
DELISTED
Hess
HES
| $31.3M | 0.02% |
358,746
+50,685
| +16% | +$4.09M |
|
303
PagerDuty
PD
$816M
| $31.3M | 0.02% |
734,489
-7,580
| -1% | -$307K |
|
304
Yeti Holdings
YETI
$3.71B
| $31.2M | 0.02% |
340,245
-250,466
| -42% | -$21.7M |
|
305
HDFC Bank
HDB
$123B
| $31.2M | 0.02% |
852,240
+219,944
| +35% | +$8.06M |
|
306
United Parcel Service
UPS
$88.6B
| $30.9M | 0.02% |
148,564
+70,009
| +89% | +$14M |
|
307
Oshkosh
OSK
$8.79B
| $30.8M | 0.02% |
247,066
+243,951
| +7,831% | +$30.8M |
|
308
Alexandria Real Estate Equities
ARE
$8.97B
| $30.4M | 0.02% |
167,301
+25,739
| +18% | +$4.61M |
|
|
HRC
309
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $30.4M | 0.02% |
267,259
+91,787
| +52% | +$10.3M |
|
310
Norfolk Southern
NSC
$75.4B
| $30.3M | 0.02% |
114,242
+29,250
| +34% | +$8.07M |
|
311
Viatris
VTRS
$20.4B
| $29.9M | 0.02% |
+2,095,106
| New | +$30.3M |
|
312
Talkspace
TALK
$874M
| $29.8M | 0.02% |
3,697,603
+2,299,076
| +164% | +$22.3M |
|
313
Ero Copper
ERO
$2.81B
| $29.8M | 0.02% |
+1,420,081
| New | +$29M |
|
314
Oneok
OKE
$57.2B
| $29.7M | 0.02% |
533,438
-46,655
| -8% | -$2.49M |
|
315
Sprout Social
SPT
$516M
| $29.4M | 0.02% |
+328,849
| New | +$22.8M |
|
316
Denali Therapeutics
DNLI
$3.65B
| $29.4M | 0.02% |
374,512
| – | – |
|
317
Trinity Industries
TRN
$2.48B
| $29.3M | 0.02% |
1,091,370
+204,156
| +23% | +$5.76M |
|
318
Rush Enterprises Class A
RUSHA
$6.2B
| $29.3M | 0.02% |
1,016,623
-16,319
| -2% | -$522K |
|
319
MPLX
MPLX
$59.3B
| $29M | 0.02% |
981,065
+11,420
| +1% | +$323K |
|
|
DCP
320
DELISTED
DCP Midstream, LP
DCP
| $29M | 0.02% |
945,762
+11,009
| +1% | +$284K |
|
321
East-West Bancorp
EWBC
$17.9B
| $28.9M | 0.02% |
403,466
+6,686
| +2% | +$497K |
|
322
Western Midstream Partners
WES
$19.2B
| $28.4M | 0.02% |
1,325,902
-4,835
| -0.4% | -$100K |
|
323
Eastern Bankshares
EBC
$5.26B
| $28.4M | 0.02% |
1,378,780
-42,748
| -3% | -$906K |
|
|
MRTX
324
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $27.9M | 0.02% |
172,992
+89,395
| +107% | +$14.4M |
|
325
Gates Industrial Corporation Ltd.
GTES
$7.08B
| $27.8M | 0.02% |
+1,537,692
| New | +$26.9M |
|
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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.