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 | |
|---|---|---|---|---|---|---|
351
Take-Two Interactive
TTWO
$45.4B
| $23M | 0.02% |
129,724
-24,629
| -16% | -$4.37M |
|
352
MakeMyTrip
MMYT
$5.36B
| $22.8M | 0.02% |
759,820
+193,240
| +34% | +$5.37M |
|
|
NUVA
353
DELISTED
NuVasive, Inc.
NUVA
| $22.7M | 0.02% |
334,232
-389,672
| -54% | -$26.6M |
|
|
FFWM
354
DELISTED
First Foundation Inc
FFWM
| $22.4M | 0.01% |
997,223
-31,982
| -3% | -$768K |
|
355
Darden Restaurants
DRI
$23.3B
| $22.4M | 0.01% |
153,314
+138,248
| +918% | +$19.5M |
|
356
Avery Dennison
AVY
$13B
| $22.3M | 0.01% |
106,298
+84,213
| +381% | +$17.7M |
|
|
VERV
357
DELISTED
Verve Therapeutics
VERV
| $22.3M | 0.01% |
+370,000
| New | +$15.4M |
|
358
Integra LifeSciences
IART
$1.29B
| $22M | 0.01% |
322,510
-69,293
| -18% | -$4.9M |
|
359
Adecoagro
AGRO
$1.44B
| $21.2M | 0.01% |
2,113,007
-168,470
| -7% | -$1.67M |
|
|
ROIC
360
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $21.1M | 0.01% |
1,197,241
-195,436
| -14% | -$3.44M |
|
361
Newmont
NEM
$98.7B
| $21M | 0.01% |
331,635
+30,389
| +10% | +$2.04M |
|
362
NeoGenomics
NEO
$1.96B
| $20.9M | 0.01% |
463,244
-14,522
| -3% | -$643K |
|
|
CDMO
363
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $20.8M | 0.01% |
811,047
+588,483
| +264% | +$12.6M |
|
|
SNCY
364
DELISTED
Sun Country Airlines
SNCY
| $20.6M | 0.01% |
556,626
+407,883
| +274% | +$15.8M |
|
365
Steel Dynamics
STLD
$36B
| $20.2M | 0.01% |
339,527
+101,765
| +43% | +$5.97M |
|
366
KKR & Co
KKR
$91.1B
| $20.2M | 0.01% |
341,426
+200,791
| +143% | +$11.1M |
|
367
Starwood Property Trust
STWD
$5.92B
| $20.2M | 0.01% |
771,190
+86,513
| +13% | +$2.2M |
|
368
Byline Bancorp
BY
$1.78B
| $20M | 0.01% |
883,710
-27,472
| -3% | -$615K |
|
369
Hamilton Lane
HLNE
$4.91B
| $19.9M | 0.01% |
218,899
-6,617
| -3% | -$599K |
|
370
Lincoln Electric
LECO
$14.2B
| $19.9M | 0.01% |
150,978
-15,353
| -9% | -$1.97M |
|
371
Plains GP Holdings
PAGP
$5.21B
| $19.9M | 0.01% |
1,664,875
-16,219
| -1% | -$173K |
|
372
Lattice Semiconductor
LSCC
$17.6B
| $19.7M | 0.01% |
351,039
-445,775
| -56% | -$22.9M |
|
373
Rush Street Interactive
RSI
$2.77B
| $19.6M | 0.01% |
1,602,097
-19,435
| -1% | -$261K |
|
374
Prestige Consumer Healthcare
PBH
$2.38B
| $19.5M | 0.01% |
373,813
-11,243
| -3% | -$540K |
|
|
GTLS
375
DELISTED
Chart Industries
GTLS
| $19.4M | 0.01% |
132,264
+1,800
| +1% | +$264K |
|
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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.