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 |
Snap
SNAP
|
+$2.23B |
| 2 |
Target
TGT
|
+$794M |
| 3 |
Eli Lilly
LLY
|
+$697M |
| 4 |
Mercado Libre
MELI
|
+$619M |
| 5 |
Airbnb
ABNB
|
+$527M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.46B |
| 2 |
Tesla
TSLA
|
+$1.04B |
| 3 |
Teladoc Health
TDOC
|
+$966M |
| 4 |
Home Depot
HD
|
+$741M |
| 5 |
Microsoft
MSFT
|
+$667M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.65% |
| 2 | Consumer Discretionary | 22.78% |
| 3 | Communication Services | 16.93% |
| 4 | Financials | 8.39% |
| 5 | Healthcare | 7.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Spotify
SPOT
$113B
| $1.57B | 1.15% |
5,860,173
-176,074
| -3% | -$54.9M |
|
27
RingCentral
RNG
$5.79B
| $1.54B | 1.12% |
5,154,995
+1,052,241
| +26% | +$387M |
|
28
Trade Desk
TTD
$6.38B
| $1.41B | 1.03% |
21,562,130
-533,410
| -2% | -$41.2M |
|
29
TJX Companies
TJX
$149B
| $1.36B | 0.99% |
20,542,716
+5,190,532
| +34% | +$347M |
|
30
Carvana
CVNA
$53.3B
| $1.34B | 0.98% |
25,555,115
+9,543,775
| +60% | +$526M |
|
31
Atlassian
TEAM
$48.2B
| $1.32B | 0.97% |
6,264,216
-19,679
| -0.3% | -$4.58M |
|
32
Costco
COST
$419B
| $1.31B | 0.96% |
3,703,360
+329,423
| +10% | +$115M |
|
33
Peloton Interactive
PTON
$2.39B
| $1.3B | 0.95% |
11,569,126
-734,725
| -6% | -$97.5M |
|
34
Union Pacific
UNP
$183B
| $1.23B | 0.9% |
5,601,974
+7,608
| +0.1% | +$1.6M |
|
35
Danaher
DHR
$152B
| $1.19B | 0.87% |
5,974,987
+2,202,119
| +58% | +$447M |
|
36
Workday
WDAY
$50.6B
| $1.12B | 0.82% |
4,503,481
-156,004
| -3% | -$38.5M |
|
37
CrowdStrike
CRWD
$224B
| $1.1B | 0.8% |
24,046,144
-2,797,168
| -10% | -$148M |
|
38
Chipotle Mexican Grill
CMG
$48.1B
| $1.09B | 0.8% |
38,487,450
-1,461,750
| -4% | -$42.3M |
|
|
39
Eli Lilly
LLY
$1.05T
| $1.02B | 0.74% |
5,440,137
+3,561,294
| +190% | +$697M |
|
|
40
Target
TGT
$74.1B
| $894M | 0.65% |
4,514,325
+4,242,754
| +1,562% | +$794M |
|
|
FTCH
41
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $751M | 0.55% |
14,172,322
+477,362
| +3% | +$29.2M |
|
42
Snowflake
SNOW
$114B
| $747M | 0.55% |
3,255,847
-396,493
| -11% | -$106M |
|
43
Sea Limited
SE
$73.1B
| $734M | 0.54% |
3,289,256
+1,861,814
| +130% | +$432M |
|
44
Goldman Sachs
GS
$301B
| $670M | 0.49% |
2,049,055
+1,390,627
| +211% | +$433M |
|
45
Intuitive Surgical
ISRG
$132B
| $633M | 0.46% |
2,571,651
-350,340
| -12% | -$88.1M |
|
|
46
Airbnb
ABNB
$112B
| $631M | 0.46% |
3,358,931
+2,843,433
| +552% | +$527M |
|
47
DexCom
DXCM
$34.3B
| $611M | 0.45% |
6,803,536
-1,157,352
| -15% | -$109M |
|
|
COUP
48
DELISTED
Coupa Software Incorporated
COUP
| $605M | 0.44% |
2,378,087
-1,616,972
| -40% | -$509M |
|
49
ServiceNow
NOW
$150B
| $521M | 0.38% |
5,208,270
-2,810,585
| -35% | -$297M |
|
|
50
Home Depot
HD
$329B
| $515M | 0.38% |
1,688,562
-2,689,493
| -61% | -$741M |
|
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Jennison Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Jennison Associates held 765 positions worth $137B, down 2.6% from $140B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Jennison Associates's Q1 2021 filing shows 126 new, 252 increased, 272 reduced and 104 closed positions. Its largest new stake was Snap: 38,849,947 shares worth $2.03B. The largest sale was Apple, an estimated $1.46B.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2021 buy was Snap: 38,849,947 shares worth $2.03B.
- Jennison Associates added most to Target in Q1 2021, an estimated $794M increase.
- Jennison Associates's biggest Q1 2021 reduction was Apple, cutting an estimated $1.46B.
- Jennison Associates fully exited SAP in Q1 2021, selling an estimated $58.7M.
- Jennison Associates's ten largest holdings make up 37% of its $137B portfolio in Q1 2021.
- Jennison Associates opened 126 new positions and closed 104 in Q1 2021.
- Jennison Associates's portfolio value fell 2.6% quarter-over-quarter to $137B.
Based on Jennison Associates's 13F filing for Q1 2021, filed 11 May 2021.