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 | |
|---|---|---|---|---|---|---|
426
Zoetis
ZTS
$31.9B
| $12.3M | 0.01% |
50,447
+4,050
| +9% | +$887K |
|
427
PENN Entertainment
PENN
$2.68B
| $12.1M | 0.01% |
233,850
-38,036
| -14% | -$2.31M |
|
428
PMV Pharmaceuticals
PMVP
$62.4M
| $11.9M | 0.01% |
514,978
+160,929
| +45% | +$3.89M |
|
|
CVET
429
DELISTED
Covetrus, Inc. Common Stock
CVET
| $11.7M | 0.01% |
587,817
-15,031
| -2% | -$283K |
|
430
Kymera Therapeutics
KYMR
$8.59B
| $11.6M | 0.01% |
182,326
-2,255
| -1% | -$131K |
|
|
HRT
431
DELISTED
HireRight Holdings Corporation
HRT
| $11.5M | 0.01% |
+720,955
| New | +$12.1M |
|
432
ExxonMobil
XOM
$638B
| $11.5M | 0.01% |
188,105
+114,748
| +156% | +$7.17M |
|
433
Valero Energy
VLO
$88.9B
| $11.3M | 0.01% |
150,738
-2,239
| -1% | -$167K |
|
|
GTLS
434
DELISTED
Chart Industries
GTLS
| $11.1M | 0.01% |
69,572
-41,522
| -37% | -$7.34M |
|
435
Full Truck Alliance
YMM
$10B
| $11.1M | 0.01% |
+1,321,179
| New | +$17.5M |
|
436
Suncor Energy
SU
$76.1B
| $11M | 0.01% |
441,290
-4,191
| -0.9% | -$102K |
|
|
B
437
Barrick Mining
B
$64B
| $11M | 0.01% |
581,169
+214
| +0% | +$4.06K |
|
|
CTRA
438
DELISTED
Coterra Energy
CTRA
| $10.8M | 0.01% |
+570,771
| New | +$11.9M |
|
439
Monte Rosa Therapeutics
GLUE
$1.36B
| $10.8M | 0.01% |
530,065
+233,686
| +79% | +$4.89M |
|
440
Bilibili
BILI
$7.95B
| $10.6M | 0.01% |
+227,843
| New | +$15.2M |
|
441
BHP
BHP
$222B
| $10.3M | 0.01% |
191,069
+51
| +0% | +$2.55K |
|
442
Denali Therapeutics
DNLI
$3.84B
| $10M | 0.01% |
224,184
-4,238
| -2% | -$201K |
|
|
NESR
443
National Energy Services Reunited Corp
NESR
$2.9B
| $9.65M | 0.01% |
1,020,763
-4,021
| -0.4% | -$44.9K |
|
444
Freshworks
FRSH
$3.33B
| $9.64M | 0.01% |
366,938
+55,940
| +18% | +$2.03M |
|
445
EOG Resources
EOG
$76.4B
| $9.49M | 0.01% |
+106,786
| New | +$9.59M |
|
446
Ameresco
AMRC
$1.48B
| $9.41M | 0.01% |
115,584
+108
| +0.1% | +$8.64K |
|
447
Vroom Inc
VRM
$36.7M
| $9.25M | 0.01% |
10,715
+777
| +8% | +$1.05M |
|
|
DHR.PRB
448
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
| $8.47M | 0.01% |
+4,872
| New | +$8.05M |
|
449
Mueller Water Products
MWA
$4.16B
| $8.18M | 0.01% |
567,942
-171,938
| -23% | -$2.58M |
|
450
Agnico Eagle Mines
AEM
$76.3B
| $8.13M | 0.01% |
152,896
-303
| -0.2% | -$16.1K |
|
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.