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 | 7.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
SiteOne Landscape Supply
SITE
$4.3B
| $4.43M | ﹤0.01% |
18,286
+10,426
| +133% | +$2.41M |
|
477
Floor & Decor
FND
$6.39B
| $4.33M | ﹤0.01% |
33,330
+25,302
| +315% | +$3.26M |
|
478
Hess Midstream
HESM
$5.13B
| $4.32M | ﹤0.01% |
156,494
-5,134
| -3% | -$133K |
|
479
Kinross Gold
KGC
$30.4B
| $4.31M | ﹤0.01% |
742,299
-632,482
| -46% | -$3.78M |
|
480
American Express
AXP
$231B
| $4.19M | ﹤0.01% |
25,604
-1,639
| -6% | -$279K |
|
481
Genesis Energy
GEL
$1.86B
| $4.17M | ﹤0.01% |
389,313
-12,773
| -3% | -$142K |
|
|
LFG
482
DELISTED
Archaea Energy Inc.
LFG
| $4.12M | ﹤0.01% |
225,181
+27
| +0% | +$510 |
|
483
Patterson-UTI
PTEN
$3.83B
| $3.9M | ﹤0.01% |
+462,041
| New | +$3.98M |
|
484
Praxis Precision Medicines
PRAX
$10.3B
| $3.82M | ﹤0.01% |
12,922
-106
| -0.8% | -$31.1K |
|
485
Honeywell
HON
$76.3B
| $3.81M | ﹤0.01% |
19,364
-20,658
| -52% | -$4.17M |
|
486
Antero Midstream
AM
$10.2B
| $3.8M | ﹤0.01% |
392,589
-12,881
| -3% | -$134K |
|
487
FirstService
FSV
$6.27B
| $3.74M | ﹤0.01% |
19,013
+9,718
| +105% | +$1.88M |
|
488
Plains All American Pipeline
PAA
$16.6B
| $3.7M | ﹤0.01% |
396,550
-13,011
| -3% | -$131K |
|
|
LTHM
489
DELISTED
Livent Corporation
LTHM
| $3.58M | ﹤0.01% |
+147,040
| New | +$3.99M |
|
490
Morningstar
MORN
$7.37B
| $3.58M | ﹤0.01% |
10,460
-9,976
| -49% | -$3.09M |
|
|
WCN
491
Waste Connections
WCN
$42.2B
| $3.58M | ﹤0.01% |
26,250
-265
| -1% | -$35.2K |
|
492
Steris
STE
$22.6B
| $3.52M | ﹤0.01% |
+14,472
| New | +$3.31M |
|
493
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $3.51M | ﹤0.01% |
6,779
+2,479
| +58% | +$1.26M |
|
|
CEQP
494
DELISTED
Crestwood Equity Partners LP
CEQP
| $3.45M | ﹤0.01% |
125,171
-4,107
| -3% | -$114K |
|
495
Vanguard Morningstar Growth ETF
VUG
$229B
| $3.29M | ﹤0.01% |
61,584
+49,218
| +398% | +$2.56M |
|
496
Sibanye-Stillwater
SBSW
$7B
| $2.99M | ﹤0.01% |
238,244
-1,939
| -0.8% | -$26K |
|
497
Lattice Semiconductor
LSCC
$18.3B
| $2.96M | ﹤0.01% |
38,447
-138,081
| -78% | -$10.2M |
|
498
Keysight
KEYS
$57.6B
| $2.93M | ﹤0.01% |
14,172
+6,574
| +87% | +$1.23M |
|
499
HP
HPQ
$25.8B
| $2.89M | ﹤0.01% |
76,698
-12,779
| -14% | -$418K |
|
500
Valley National Bancorp
VLY
$8B
| $2.89M | ﹤0.01% |
210,103
-6,776
| -3% | -$94.1K |
|
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.