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 |
BioNTech
BNTX
|
+$1.21B |
| 2 |
Sea Limited
SE
|
+$842M |
| 3 |
Okta
OKTA
|
+$819M |
| 4 |
XYZ
Block Inc
XYZ
|
+$749M |
| 5 |
Mercado Libre
MELI
|
+$656M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$929M |
| 2 |
Union Pacific
UNP
|
+$677M |
| 3 |
Spotify
SPOT
|
+$575M |
| 4 |
RingCentral
RNG
|
+$499M |
| 5 |
Amazon
AMZN
|
+$468M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.98% |
| 2 | Consumer Discretionary | 23.1% |
| 3 | Communication Services | 15.59% |
| 4 | Healthcare | 8.54% |
| 5 | Financials | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Twilio
TWLO
$28.6B
| $1.99B | 1.28% |
6,228,579
-536,132
| -8% | -$195M |
|
27
Nike
NKE
$64.1B
| $1.94B | 1.25% |
13,362,813
-1,254,814
| -9% | -$205M |
|
28
Uber
UBER
$145B
| $1.8B | 1.16% |
40,088,501
-5,236,947
| -12% | -$229M |
|
29
lululemon athletica
LULU
$13.5B
| $1.78B | 1.15% |
4,391,706
-293,459
| -6% | -$118M |
|
30
Danaher
DHR
$138B
| $1.61B | 1.04% |
5,976,565
-273,729
| -4% | -$74.5M |
|
31
Costco
COST
$432B
| $1.5B | 0.97% |
3,335,468
-76,900
| -2% | -$33.8M |
|
|
DOCU
32
DocuSign
DOCU
$11.1B
| $1.48B | 0.96% |
5,762,341
+636,258
| +12% | +$183M |
|
33
TSMC
TSM
$1.94T
| $1.35B | 0.87% |
12,077,238
-643,410
| -5% | -$75.5M |
|
34
Chipotle Mexican Grill
CMG
$43.9B
| $1.32B | 0.86% |
36,432,100
+632,200
| +2% | +$23M |
|
35
Home Depot
HD
$337B
| $1.31B | 0.85% |
3,983,358
+1,826,227
| +85% | +$600M |
|
36
Carvana
CVNA
$47.5B
| $1.19B | 0.77% |
19,677,770
-542,875
| -3% | -$36.1M |
|
37
HubSpot
HUBS
$12.9B
| $1.14B | 0.74% |
1,682,828
+985,452
| +141% | +$635M |
|
|
38
BioNTech
BNTX
$23.5B
| $1.11B | 0.72% |
4,073,570
+3,814,715
| +1,474% | +$1.21B |
|
39
Target
TGT
$66.3B
| $1.03B | 0.67% |
4,496,456
-190,759
| -4% | -$47.8M |
|
|
40
Okta
OKTA
$23.8B
| $1.02B | 0.66% |
4,284,408
+3,298,332
| +334% | +$819M |
|
41
TJX Companies
TJX
$179B
| $1B | 0.65% |
15,183,737
-4,186,874
| -22% | -$292M |
|
42
Trade Desk
TTD
$8.97B
| $943M | 0.61% |
13,413,656
-685,300
| -5% | -$53M |
|
43
Goldman Sachs
GS
$289B
| $919M | 0.59% |
2,431,757
+302,979
| +14% | +$118M |
|
44
DexCom
DXCM
$29B
| $844M | 0.55% |
6,175,428
-215,340
| -3% | -$27.2M |
|
45
Intuitive Surgical
ISRG
$127B
| $811M | 0.52% |
2,448,369
-166,905
| -6% | -$56M |
|
46
Snowflake
SNOW
$98.1B
| $772M | 0.5% |
2,554,121
-68,258
| -3% | -$19.4M |
|
47
S&P Global
SPGI
$124B
| $754M | 0.49% |
1,774,427
-26,817
| -1% | -$11.6M |
|
48
UnitedHealth
UNH
$382B
| $726M | 0.47% |
1,857,611
-90,106
| -5% | -$37.3M |
|
49
Align Technology
ALGN
$12.9B
| $709M | 0.46% |
1,065,000
+835,135
| +363% | +$567M |
|
50
Workday
WDAY
$41.5B
| $596M | 0.39% |
2,383,726
-1,364,559
| -36% | -$338M |
|
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Jennison Associates's Q3 2021 Portfolio in Review
As of Q3 2021, Jennison Associates held 761 positions worth $155B, up 2.5% from $151B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Jennison Associates's Q3 2021 filing shows 96 new, 254 increased, 288 reduced and 100 closed positions. Its largest new stake was ZoomInfo Technologies: 3,206,107 shares worth $196M. The largest sale was Match Group, an estimated $929M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2021 buy was ZoomInfo Technologies: 3,206,107 shares worth $196M.
- Jennison Associates added most to BioNTech in Q3 2021, an estimated $1.21B increase.
- Jennison Associates's biggest Q3 2021 reduction was Match Group, cutting an estimated $929M.
- Jennison Associates fully exited Zoom in Q3 2021, selling an estimated $285M.
- Jennison Associates's ten largest holdings make up 38% of its $155B portfolio in Q3 2021.
- Jennison Associates opened 96 new positions and closed 100 in Q3 2021.
- Jennison Associates's portfolio value rose 2.5% quarter-over-quarter to $155B.
Based on Jennison Associates's 13F filing for Q3 2021, filed 9 Nov 2021.