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 | |
|---|---|---|---|---|---|---|
401
Constellium
CSTM
$4.02B
| $16M | 0.01% |
895,279
-72,026
| -7% | -$1.32M |
|
402
Utz Brands
UTZ
$1.25B
| $15.8M | 0.01% |
992,695
+353,931
| +55% | +$5.63M |
|
403
Oshkosh
OSK
$9.68B
| $15.8M | 0.01% |
139,935
-111,942
| -44% | -$12.2M |
|
404
SLB Ltd
SLB
$75.4B
| $15.2M | 0.01% |
507,842
+163,564
| +48% | +$5.15M |
|
405
Martin Marietta Materials
MLM
$33.4B
| $15.2M | 0.01% |
+34,519
| New | +$14M |
|
406
Moody's
MCO
$83.8B
| $15.1M | 0.01% |
38,674
-12,192
| -24% | -$4.7M |
|
|
MMP
407
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $15.1M | 0.01% |
325,150
-10,670
| -3% | -$504K |
|
408
Darden Restaurants
DRI
$23.4B
| $14.9M | 0.01% |
98,678
-48,148
| -33% | -$7.12M |
|
409
ProQR Therapeutics
PRQR
$258M
| $14.5M | 0.01% |
1,814,330
-27,248
| -1% | -$207K |
|
410
Nutrien
NTR
$32.1B
| $14.5M | 0.01% |
192,931
+26,471
| +16% | +$1.85M |
|
411
Oric Pharmaceuticals
ORIC
$1.39B
| $14.5M | 0.01% |
985,072
-14,804
| -1% | -$231K |
|
412
BJs Wholesale Club
BJ
$12.3B
| $14.4M | 0.01% |
215,350
-389,244
| -64% | -$24.3M |
|
413
Newmont
NEM
$103B
| $14.1M | 0.01% |
226,947
-41,121
| -15% | -$2.33M |
|
414
Integra LifeSciences
IART
$1.39B
| $13.9M | 0.01% |
207,329
+57,364
| +38% | +$3.88M |
|
415
10x Genomics
TXG
$6.08B
| $13.8M | 0.01% |
92,476
-1,974
| -2% | -$302K |
|
|
OLK
416
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
| $13.8M | 0.01% |
756,754
+602,571
| +391% | +$14.9M |
|
417
Bunge Global
BG
$20.5B
| $13.7M | 0.01% |
146,555
+15,831
| +12% | +$1.41M |
|
418
Jazz Pharmaceuticals
JAZZ
$16.4B
| $13.7M | 0.01% |
107,231
+2,041
| +2% | +$268K |
|
419
iShares MSCI ACWI ETF
ACWI
$33.4B
| $13.6M | 0.01% |
129,022
+87,494
| +211% | +$9.14M |
|
420
CryoPort
CYRX
$767M
| $13.4M | 0.01% |
+226,659
| New | +$15.7M |
|
|
FARO
421
DELISTED
Faro Technologies
FARO
| $13.2M | 0.01% |
188,755
-4,881
| -3% | -$351K |
|
422
Concrete Pumping Holdings
BBCP
$497M
| $13M | 0.01% |
1,584,701
+169,979
| +12% | +$1.45M |
|
423
Avery Dennison
AVY
$13.3B
| $12.9M | 0.01% |
59,583
-38,130
| -39% | -$8.16M |
|
424
Atlantic Union Bankshares
AUB
$6.16B
| $12.6M | 0.01% |
338,549
-8,674
| -2% | -$315K |
|
425
Mayville Engineering Co
MEC
$707M
| $12.4M | 0.01% |
829,616
-21,040
| -2% | -$347K |
|
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.