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 | |
|---|---|---|---|---|---|---|
326
Coupang
CPNG
$29.3B
| $25.6M | 0.02% |
869,819
+267,142
| +44% | +$7.52M |
|
327
Ciena
CIEN
$57.7B
| $25.4M | 0.02% |
330,396
-5,390
| -2% | -$333K |
|
|
NVRO
328
DELISTED
NEVRO CORP.
NVRO
| $25.3M | 0.02% |
312,684
-66,217
| -17% | -$6.64M |
|
|
DCP
329
DELISTED
DCP Midstream, LP
DCP
| $24.9M | 0.02% |
906,840
-29,757
| -3% | -$864K |
|
|
BRKL
330
DELISTED
Brookline Bancorp
BRKL
| $24.9M | 0.02% |
1,535,072
-39,213
| -2% | -$625K |
|
|
PYCR
331
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $24.3M | 0.02% |
+843,443
| New | +$26.6M |
|
332
Texas Roadhouse
TXRH
$13.8B
| $24.2M | 0.02% |
271,421
-97,779
| -26% | -$8.71M |
|
333
Sprout Social
SPT
$527M
| $24.1M | 0.02% |
265,870
+70,712
| +36% | +$8.01M |
|
334
AvalonBay Communities
AVB
$26.7B
| $23.8M | 0.02% |
94,105
+217
| +0.2% | +$51.7K |
|
335
Repligen
RGEN
$8.14B
| $23.7M | 0.02% |
89,410
+3,828
| +4% | +$1.03M |
|
|
KRTX
336
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $23.6M | 0.02% |
180,250
+91,909
| +104% | +$11.9M |
|
337
Payoneer
PAYO
$2.41B
| $23.5M | 0.01% |
3,193,731
+27,388
| +0.9% | +$211K |
|
338
Caterpillar
CAT
$401B
| $23.3M | 0.01% |
112,629
-39,785
| -26% | -$8.01M |
|
339
Hamilton Lane
HLNE
$5.49B
| $23.1M | 0.01% |
223,298
+5,567
| +3% | +$571K |
|
340
WSFS Financial
WSFS
$4.23B
| $23.1M | 0.01% |
461,194
-106,119
| -19% | -$5.56M |
|
341
Regal Rexnord
RRX
$14.4B
| $23M | 0.01% |
+135,414
| New | +$21.4M |
|
342
Core & Main
CNM
$8.61B
| $22.5M | 0.01% |
742,858
-443,058
| -37% | -$12.1M |
|
|
ETRN
343
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $22.4M | 0.01% |
2,164,164
+1,227,175
| +131% | +$12.7M |
|
344
nLIGHT
LASR
$4.25B
| $22.3M | 0.01% |
933,142
-397,859
| -30% | -$10.5M |
|
345
Kennametal
KMT
$2.71B
| $22.1M | 0.01% |
615,352
-15,796
| -3% | -$587K |
|
346
Howard Hughes
HHH
$3.9B
| $22M | 0.01% |
226,975
+4,356
| +2% | +$381K |
|
347
Intuit
INTU
$87.7B
| $22M | 0.01% |
34,189
+9,684
| +40% | +$5.98M |
|
|
LPRO
348
DELISTED
Open Lending Corp
LPRO
| $22M | 0.01% |
977,046
-34,783
| -3% | -$986K |
|
349
Ero Copper
ERO
$2.96B
| $21.8M | 0.01% |
1,431,006
+10,152
| +0.7% | +$175K |
|
350
On Holding
ONON
$12.7B
| $21.8M | 0.01% |
576,372
+72,514
| +14% | +$2.66M |
|
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.