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 | 7.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XYZ
26
Block Inc
XYZ
$50.2B
| $1.72B | 1.09% |
10,621,891
-2,972,044
| -22% | -$644M |
|
27
Match Group
MTCH
$9.54B
| $1.65B | 1.05% |
12,494,656
-1,557,658
| -11% | -$226M |
|
28
Danaher
DHR
$152B
| $1.62B | 1.03% |
5,563,457
-413,108
| -7% | -$114M |
|
29
Snap
SNAP
$9.18B
| $1.6B | 1.02% |
34,107,871
-10,930,137
| -24% | -$615M |
|
|
30
Snowflake
SNOW
$114B
| $1.57B | 1% |
4,635,071
+2,080,950
| +81% | +$725M |
|
31
lululemon athletica
LULU
$13.7B
| $1.47B | 0.93% |
3,752,489
-639,217
| -15% | -$273M |
|
32
TJX Companies
TJX
$149B
| $1.4B | 0.89% |
18,437,205
+3,253,468
| +21% | +$226M |
|
|
33
Roblox
RBLX
$27.5B
| $1.39B | 0.88% |
13,427,652
+6,908,284
| +106% | +$671M |
|
34
TSMC
TSM
$2.17T
| $1.24B | 0.78% |
10,267,654
-1,809,584
| -15% | -$212M |
|
35
PayPal
PYPL
$45.9B
| $1.22B | 0.78% |
6,489,022
-2,557,633
| -28% | -$553M |
|
36
Trade Desk
TTD
$6.38B
| $1.15B | 0.73% |
12,570,783
-842,873
| -6% | -$73.8M |
|
37
UnitedHealth
UNH
$353B
| $1.1B | 0.7% |
2,186,999
+329,388
| +18% | +$149M |
|
38
Chipotle Mexican Grill
CMG
$48.1B
| $1.06B | 0.67% |
30,300,750
-6,131,350
| -17% | -$216M |
|
39
Goldman Sachs
GS
$301B
| $1.06B | 0.67% |
2,759,138
+327,381
| +13% | +$130M |
|
40
HubSpot
HUBS
$13B
| $1.01B | 0.64% |
1,526,791
-156,037
| -9% | -$118M |
|
41
Target
TGT
$74.1B
| $941M | 0.6% |
4,065,275
-431,181
| -10% | -$105M |
|
42
Intuitive Surgical
ISRG
$132B
| $875M | 0.55% |
2,435,399
-12,970
| -0.5% | -$4.46M |
|
43
BioNTech
BNTX
$25.6B
| $806M | 0.51% |
3,126,739
-946,831
| -23% | -$259M |
|
44
Align Technology
ALGN
$11.2B
| $794M | 0.5% |
1,208,650
+143,650
| +13% | +$92.4M |
|
45
S&P Global
SPGI
$131B
| $788M | 0.5% |
1,668,927
-105,500
| -6% | -$48.3M |
|
|
46
Twilio
TWLO
$36.5B
| $773M | 0.49% |
2,936,669
-3,291,910
| -53% | -$985M |
|
47
DexCom
DXCM
$34.3B
| $761M | 0.48% |
5,670,604
-504,824
| -8% | -$72.5M |
|
48
Workday
WDAY
$49.3B
| $698M | 0.44% |
2,554,411
+170,685
| +7% | +$47.4M |
|
49
Okta
OKTA
$29.1B
| $669M | 0.42% |
2,983,320
-1,301,088
| -30% | -$310M |
|
50
Marriott International
MAR
$91.5B
| $628M | 0.4% |
3,800,873
+1,087,753
| +40% | +$171M |
|
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.