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 | |
|---|---|---|---|---|---|---|
351
Huron Consulting
HURN
$2.43B
| $21.4M | 0.01% |
428,227
+9,099
| +2% | +$454K |
|
352
Cognex
CGNX
$11.9B
| $21.2M | 0.01% |
272,840
-487,588
| -64% | -$39.3M |
|
353
Enterprise Products Partners
EPD
$82.5B
| $21.2M | 0.01% |
965,722
-31,688
| -3% | -$711K |
|
|
EVBG
354
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $21.2M | 0.01% |
314,153
-74,590
| -19% | -$9.02M |
|
355
Roku
ROKU
$21.9B
| $21.1M | 0.01% |
92,311
-23,120
| -20% | -$6.24M |
|
356
Boot Barn
BOOT
$4.94B
| $21M | 0.01% |
170,978
-262,726
| -61% | -$29.7M |
|
357
Norfolk Southern
NSC
$76.7B
| $21M | 0.01% |
70,661
+9,312
| +15% | +$2.6M |
|
358
L3Harris
LHX
$53.1B
| $21M | 0.01% |
98,413
-71,499
| -42% | -$15.8M |
|
|
TIXT
359
DELISTED
TELUS International
TIXT
| $21M | 0.01% |
634,763
+162,262
| +34% | +$5.66M |
|
360
Starwood Property Trust
STWD
$6.03B
| $20.9M | 0.01% |
859,696
+201,971
| +31% | +$5.09M |
|
361
Warby Parker
WRBY
$3.67B
| $20.7M | 0.01% |
+445,623
| New | +$23.2M |
|
|
AAT
362
American Assets Trust
AAT
$1.42B
| $20.6M | 0.01% |
549,424
-14,228
| -3% | -$535K |
|
363
Diageo
DEO
$48.8B
| $20.3M | 0.01% |
92,342
+19,905
| +27% | +$4.08M |
|
364
SOPHiA GENETICS
SOPH
$574M
| $20.3M | 0.01% |
1,441,590
+796,173
| +123% | +$11.7M |
|
|
HCP
365
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $20.3M | 0.01% |
+223,053
| New | +$19.4M |
|
366
Goosehead Insurance
GSHD
$2.43B
| $20.2M | 0.01% |
155,199
-9,290
| -6% | -$1.33M |
|
367
MGM Resorts International
MGM
$11.7B
| $20.1M | 0.01% |
446,869
+43,687
| +11% | +$1.96M |
|
368
ACV Auctions
ACVA
$1.4B
| $20M | 0.01% |
1,064,158
+327,396
| +44% | +$6.43M |
|
|
AMK
369
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $20M | 0.01% |
761,480
+206,037
| +37% | +$5.33M |
|
370
EQT Corp
EQT
$33B
| $19.9M | 0.01% |
910,478
+25
| +0% | +$523 |
|
|
RDS.A
371
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $19.8M | 0.01% |
456,310
-798
| -0.2% | -$36K |
|
372
Arvinas
ARVN
$581M
| $19.7M | 0.01% |
240,364
+78,780
| +49% | +$6.41M |
|
373
Chewy
CHWY
$9.87B
| $19.2M | 0.01% |
326,055
-225,630
| -41% | -$14.8M |
|
|
APTV.PRA
374
DELISTED
Aptiv PLC 5.50% Series A Mandatory Convertible Preferred Shares
APTV.PRA
| $19.2M | 0.01% |
+104,444
| New | +$19.5M |
|
|
AXNX
375
DELISTED
Axonics, Inc. Common Stock
AXNX
| $18.7M | 0.01% |
333,113
+48,293
| +17% | +$2.95M |
|
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.