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 | |
|---|---|---|---|---|---|---|
|
26
Airbnb
ABNB
$90.8B
| $1.88B | 1.25% |
12,287,037
+8,928,106
| +266% | +$1.4B |
|
27
Atlassian
TEAM
$26.5B
| $1.77B | 1.17% |
6,894,373
+630,157
| +10% | +$148M |
|
28
lululemon athletica
LULU
$13.5B
| $1.71B | 1.13% |
4,685,165
-907,583
| -16% | -$299M |
|
29
TSMC
TSM
$1.94T
| $1.53B | 1.01% |
12,720,648
-813,913
| -6% | -$95.4M |
|
30
Danaher
DHR
$138B
| $1.49B | 0.99% |
6,250,294
+275,307
| +5% | +$61M |
|
|
DOCU
31
DocuSign
DOCU
$11.1B
| $1.43B | 0.95% |
5,126,083
+3,161,881
| +161% | +$707M |
|
32
Costco
COST
$432B
| $1.35B | 0.89% |
3,412,368
-290,992
| -8% | -$110M |
|
33
TJX Companies
TJX
$179B
| $1.31B | 0.87% |
19,370,611
-1,172,105
| -6% | -$79.9M |
|
34
Carvana
CVNA
$47.5B
| $1.22B | 0.81% |
20,220,645
-5,334,470
| -21% | -$290M |
|
35
Spotify
SPOT
$108B
| $1.2B | 0.8% |
4,355,234
-1,504,939
| -26% | -$382M |
|
36
Sea Limited
SE
$66.4B
| $1.18B | 0.78% |
4,288,239
+998,983
| +30% | +$254M |
|
37
Target
TGT
$66.3B
| $1.13B | 0.75% |
4,687,215
+172,890
| +4% | +$37.8M |
|
38
Chipotle Mexican Grill
CMG
$43.9B
| $1.11B | 0.74% |
35,799,900
-2,687,550
| -7% | -$76.7M |
|
39
Trade Desk
TTD
$8.97B
| $1.09B | 0.72% |
14,098,956
-7,463,174
| -35% | -$477M |
|
40
Union Pacific
UNP
$174B
| $977M | 0.65% |
4,444,470
-1,157,504
| -21% | -$258M |
|
41
Workday
WDAY
$41.5B
| $895M | 0.59% |
3,748,285
-755,196
| -17% | -$182M |
|
42
Goldman Sachs
GS
$289B
| $808M | 0.54% |
2,128,778
+79,723
| +4% | +$28.5M |
|
43
Intuitive Surgical
ISRG
$127B
| $802M | 0.53% |
2,615,274
+43,623
| +2% | +$12.2M |
|
44
UnitedHealth
UNH
$382B
| $780M | 0.52% |
1,947,717
+1,310,783
| +206% | +$523M |
|
45
S&P Global
SPGI
$124B
| $739M | 0.49% |
1,801,244
+453,296
| +34% | +$174M |
|
46
Home Depot
HD
$337B
| $688M | 0.46% |
2,157,131
+468,569
| +28% | +$149M |
|
47
DexCom
DXCM
$29B
| $682M | 0.45% |
6,390,768
-412,768
| -6% | -$39.6M |
|
48
Snowflake
SNOW
$98.1B
| $634M | 0.42% |
2,622,379
-633,468
| -19% | -$147M |
|
|
49
RingCentral
RNG
$4.83B
| $613M | 0.41% |
2,108,643
-3,046,352
| -59% | -$869M |
|
50
Roblox
RBLX
$35.9B
| $568M | 0.38% |
6,307,210
+1,879,974
| +42% | +$151M |
|
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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.