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 | |
|---|---|---|---|---|---|---|
301
Steel Dynamics
STLD
$38.1B
| $28.4M | 0.02% |
456,747
+90,071
| +25% | +$5.63M |
|
302
Western Midstream Partners
WES
$19.3B
| $28.3M | 0.02% |
1,271,338
-41,716
| -3% | -$892K |
|
|
CDMO
303
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $28.3M | 0.02% |
969,281
-84,084
| -8% | -$2.41M |
|
304
Envista
NVST
$4.52B
| $28.2M | 0.02% |
+625,925
| New | +$25.7M |
|
305
RingCentral
RNG
$5.04B
| $28.1M | 0.02% |
149,745
+10,568
| +8% | +$2.35M |
|
306
Oneok
OKE
$54.7B
| $27.8M | 0.02% |
473,952
-15,552
| -3% | -$965K |
|
307
MPLX
MPLX
$61B
| $27.8M | 0.02% |
940,691
-30,867
| -3% | -$925K |
|
308
Monolithic Power Systems
MPWR
$66.2B
| $27.7M | 0.02% |
56,107
-13,595
| -20% | -$7.02M |
|
309
Armstrong World Industries
AWI
$7.67B
| $27.7M | 0.02% |
+238,197
| New | +$25.7M |
|
310
United Parcel Service
UPS
$92.6B
| $27.6M | 0.02% |
128,952
+42,419
| +49% | +$8.63M |
|
311
Sarepta Therapeutics
SRPT
$1.7B
| $27.4M | 0.02% |
304,735
+250,274
| +460% | +$21.4M |
|
312
Veracyte
VCYT
$3.69B
| $27.4M | 0.02% |
664,828
+196,068
| +42% | +$8.66M |
|
313
Pinterest
PINS
$14.3B
| $27.1M | 0.02% |
746,752
+159,119
| +27% | +$7.07M |
|
314
JD.com
JD
$44.4B
| $27.1M | 0.02% |
387,270
+77,243
| +25% | +$6.11M |
|
|
BPMC
315
DELISTED
Blueprint Medicines
BPMC
| $26.9M | 0.02% |
251,237
-144,893
| -37% | -$15.2M |
|
|
PXD
316
DELISTED
Pioneer Natural Resource Co.
PXD
| $26.7M | 0.02% |
146,690
+112
| +0.1% | +$20.6K |
|
317
Nurix Therapeutics
NRIX
$2.56B
| $26.4M | 0.02% |
911,004
-8,215
| -0.9% | -$249K |
|
318
Canadian National Railway
CNI
$76.4B
| $26.2M | 0.02% |
213,083
+16,631
| +8% | +$2.11M |
|
|
UMH
319
UMH Properties
UMH
$1.3B
| $26.1M | 0.02% |
956,464
+204,343
| +27% | +$4.92M |
|
320
Prestige Consumer Healthcare
PBH
$2.49B
| $26.1M | 0.02% |
429,673
-12,665
| -3% | -$752K |
|
|
OCDX
321
DELISTED
Ortho Clinical Diagnostics Holdings plc Ordinary Shares
OCDX
| $26M | 0.02% |
1,216,729
+334,161
| +38% | +$6.58M |
|
322
Rush Street Interactive
RSI
$2.91B
| $26M | 0.02% |
1,575,508
-18,335
| -1% | -$346K |
|
|
SI
323
DELISTED
Silvergate Capital Corporation
SI
| $25.8M | 0.02% |
174,009
-76,370
| -31% | -$13.1M |
|
324
Cooper Companies
COO
$14.6B
| $25.7M | 0.02% |
245,608
-162,732
| -40% | -$16.6M |
|
|
FFWM
325
DELISTED
First Foundation Inc
FFWM
| $25.6M | 0.02% |
1,027,983
-28,235
| -3% | -$752K |
|
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.