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 | |
|---|---|---|---|---|---|---|
326
Cactus
WHD
$5.25B
| $25M | 0.02% |
815,656
+731,913
| +874% | +$22.2M |
|
327
MPLX
MPLX
$60.9B
| $24.9M | 0.02% |
969,645
-122,293
| -11% | -$3M |
|
328
Western Midstream Partners
WES
$19.2B
| $24.7M | 0.02% |
1,330,737
+613,348
| +85% | +$10.4M |
|
329
HDFC Bank
HDB
$122B
| $24.6M | 0.02% |
632,296
+476,364
| +305% | +$18.7M |
|
330
Q2 Holdings
QTWO
$3.91B
| $24.5M | 0.02% |
244,940
-159,514
| -39% | -$19.8M |
|
331
CBRE Group
CBRE
$43.6B
| $24.5M | 0.02% |
+309,741
| New | +$21.9M |
|
|
BRKL
332
DELISTED
Brookline Bancorp
BRKL
| $24.4M | 0.02% |
1,630,029
+330,964
| +25% | +$4.64M |
|
333
Energy Transfer Partners
ET
$70.1B
| $24.2M | 0.02% |
3,150,540
+76,673
| +2% | +$560K |
|
|
FFWM
334
DELISTED
First Foundation Inc
FFWM
| $24.1M | 0.02% |
1,029,205
-677,016
| -40% | -$15.1M |
|
335
Texas Roadhouse
TXRH
$13.8B
| $23.8M | 0.02% |
+247,697
| New | +$21.6M |
|
336
Alexandria Real Estate Equities
ARE
$8.64B
| $23.3M | 0.02% |
141,562
+39,403
| +39% | +$6.57M |
|
337
Goosehead Insurance
GSHD
$2.42B
| $23.2M | 0.02% |
216,771
-27,698
| -11% | -$3.75M |
|
|
ZEN
338
DELISTED
ZENDESK INC
ZEN
| $23.1M | 0.02% |
+173,914
| New | +$24.9M |
|
339
NeoGenomics
NEO
$2.06B
| $23M | 0.02% |
477,766
-62,516
| -12% | -$3.25M |
|
340
Norfolk Southern
NSC
$76.7B
| $22.8M | 0.02% |
84,992
-8,313
| -9% | -$2.11M |
|
|
ROIC
341
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $22.1M | 0.02% |
1,392,677
-389,765
| -22% | -$5.97M |
|
342
Enterprise Products Partners
EPD
$81.3B
| $21.9M | 0.02% |
995,445
-157,178
| -14% | -$3.46M |
|
|
HES
343
DELISTED
Hess
HES
| $21.8M | 0.02% |
308,061
+32,567
| +12% | +$2.08M |
|
344
Enerpac Tool Group
EPAC
$1.89B
| $21.6M | 0.02% |
827,441
+148,152
| +22% | +$3.52M |
|
|
SMAR
345
DELISTED
Smartsheet Inc.
SMAR
| $21.6M | 0.02% |
337,654
+53,855
| +19% | +$3.77M |
|
|
IAA
346
DELISTED
IAA, Inc. Common Stock
IAA
| $21.5M | 0.02% |
+389,317
| New | +$23.1M |
|
347
Denali Therapeutics
DNLI
$3.85B
| $21.4M | 0.02% |
374,512
-3,000
| -0.8% | -$201K |
|
348
Curtiss-Wright
CW
$27.9B
| $21.2M | 0.02% |
179,133
-193,542
| -52% | -$22.4M |
|
|
CVET
349
DELISTED
Covetrus, Inc. Common Stock
CVET
| $21M | 0.02% |
699,388
+278,391
| +66% | +$9.49M |
|
350
Progyny
PGNY
$2.48B
| $20.8M | 0.02% |
+467,548
| New | +$21.8M |
|
Similar funds
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.