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 | |
|---|---|---|---|---|---|---|
451
Agnico Eagle Mines
AEM
$73.6B
| $10.4M | 0.01% |
172,319
+1,334
| +0.8% | +$89K |
|
452
Southern Copper
SCCO
$143B
| $10.2M | 0.01% |
171,560
-157,893
| -48% | -$10.3M |
|
453
Bunge Global
BG
$20.4B
| $10.2M | 0.01% |
130,125
+17,359
| +15% | +$1.47M |
|
454
InnovAge Holding
INNV
$1.54B
| $10.1M | 0.01% |
475,000
| – | – |
|
455
Nutrien
NTR
$33.2B
| $9.98M | 0.01% |
164,743
-36,936
| -18% | -$2.19M |
|
456
SLB Ltd
SLB
$73.6B
| $9.93M | 0.01% |
310,253
+57,799
| +23% | +$1.78M |
|
457
Kinross Gold
KGC
$27.4B
| $9.92M | 0.01% |
1,561,648
-99,084
| -6% | -$736K |
|
458
Marqeta
MQ
$1.83B
| $9.88M | 0.01% |
+87,953
| New | +$10.5M |
|
459
BJ's Restaurants
BJRI
$1.42B
| $9.86M | 0.01% |
200,663
+91,725
| +84% | +$5.07M |
|
460
CALL
Intellia Therapeutics
NTLA
$1.49B
| $9.71M | 0.01% |
+60,000
| New | +$4.67M |
|
461
Aramark
ARMK
$15B
| $9.62M | 0.01% |
+357,711
| New | +$9.82M |
|
462
Mueller Water Products
MWA
$3.95B
| $9.55M | 0.01% |
662,448
+63,334
| +11% | +$909K |
|
|
ALLK
463
DELISTED
Allakos
ALLK
| $9.5M | 0.01% |
111,292
| – | – |
|
|
PLYM
464
DELISTED
Plymouth Industrial REIT
PLYM
| $9.38M | 0.01% |
+468,330
| New | +$8.85M |
|
|
MAG
465
DELISTED
MAG Silver
MAG
| $9.36M | 0.01% |
447,455
+2,724
| +0.6% | +$53.9K |
|
|
ONC
466
BeOne Medicines Ltd
ONC
$32.8B
| $9.35M | 0.01% |
27,230
+7,131
| +35% | +$2.36M |
|
|
ARVL
467
DELISTED
Arrival Ordinary Shares
ARVL
| $9.3M | 0.01% |
11,864
-239
| -2% | -$212K |
|
|
LENZ
468
LENZ Therapeutics
LENZ
$166M
| $9.22M | 0.01% |
+42,857
| New | +$7.46M |
|
469
Kinder Morgan
KMI
$71.7B
| $9.16M | 0.01% |
502,370
-222,521
| -31% | -$3.97M |
|
470
Kymera Therapeutics
KYMR
$8.51B
| $9.05M | 0.01% |
186,701
| – | – |
|
471
Ferrari
RACE
$69.2B
| $9.01M | 0.01% |
43,705
-145,842
| -77% | -$30.4M |
|
472
Alcoa
AA
$11.9B
| $8.73M | 0.01% |
236,922
+121,277
| +105% | +$4.41M |
|
473
Zoetis
ZTS
$32.4B
| $8.71M | 0.01% |
46,763
+4,802
| +11% | +$834K |
|
474
Boston Beer
SAM
$1.91B
| $8.61M | 0.01% |
+8,436
| New | +$9.47M |
|
475
Honeywell
HON
$77B
| $8.51M | 0.01% |
41,159
+39,256
| +2,063% | +$8.3M |
|
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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.