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 | 33.6% |
| 2 | Consumer Discretionary | 22.78% |
| 3 | Communication Services | 16.93% |
| 4 | Financials | 8.37% |
| 5 | Healthcare | 7.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
Concrete Pumping Holdings
BBCP
$491M
| $3.53M | ﹤0.01% |
+475,958
| New | +$2.86M |
|
|
NS
502
DELISTED
NuStar Energy L.P.
NS
| $3.48M | ﹤0.01% |
203,697
| – | – |
|
503
Generac Holdings
GNRC
$12.8B
| $3.4M | ﹤0.01% |
10,373
-2,554
| -20% | -$753K |
|
504
Ameresco
AMRC
$1.36B
| $3.38M | ﹤0.01% |
+69,613
| New | +$3.83M |
|
|
ALXN
505
DELISTED
Alexion Pharmaceuticals
ALXN
| $3.3M | ﹤0.01% |
21,575
| – | – |
|
506
Clearway Energy Class C
CWEN
$4.86B
| $3M | ﹤0.01% |
106,772
| – | – |
|
507
Brookfield Renewable
BEPC
$6.18B
| $2.82M | ﹤0.01% |
60,305
| – | – |
|
508
Cadence Design Systems
CDNS
$92.8B
| $2.73M | ﹤0.01% |
19,910
-23,475
| -54% | -$3.15M |
|
509
Home BancShares
HOMB
$6.26B
| $2.65M | ﹤0.01% |
97,991
-26,840
| -22% | -$645K |
|
510
Tractor Supply
TSCO
$17.5B
| $2.65M | ﹤0.01% |
+74,780
| New | +$2.39M |
|
511
New Jersey Resources
NJR
$5.62B
| $2.65M | ﹤0.01% |
66,353
+30,869
| +87% | +$1.18M |
|
|
SEM
512
DELISTED
Select Medical
SEM
| $2.56M | ﹤0.01% |
139,625
-28,540
| -17% | -$468K |
|
513
Crown Castle
CCI
$32.3B
| $2.55M | ﹤0.01% |
14,803
-90,360
| -86% | -$14.5M |
|
514
Nexstar Media Group
NXST
$5.8B
| $2.53M | ﹤0.01% |
+18,023
| New | +$2.36M |
|
|
UMH
515
UMH Properties
UMH
$1.29B
| $2.51M | ﹤0.01% |
+131,049
| New | +$2.21M |
|
516
CNO Financial Group
CNO
$5.16B
| $2.5M | ﹤0.01% |
103,095
+4,716
| +5% | +$112K |
|
517
Herc Holdings
HRI
$5.64B
| $2.48M | ﹤0.01% |
24,491
-9,109
| -27% | -$737K |
|
518
Yum! Brands
YUM
$41.6B
| $2.45M | ﹤0.01% |
+22,667
| New | +$2.4M |
|
519
Axos Financial
AX
$5.89B
| $2.42M | ﹤0.01% |
51,484
-10,076
| -16% | -$454K |
|
520
Hilltop Holdings
HTH
$2.28B
| $2.35M | ﹤0.01% |
68,821
-11,723
| -15% | -$385K |
|
521
International Bancshares
IBOC
$4.72B
| $2.34M | ﹤0.01% |
50,474
-6,871
| -12% | -$302K |
|
522
Methode Electronics
MEI
$613M
| $2.3M | ﹤0.01% |
54,734
-1,772
| -3% | -$72.7K |
|
523
Primoris Services
PRIM
$4.52B
| $2.29M | ﹤0.01% |
69,131
-9,813
| -12% | -$323K |
|
524
Service Corp International
SCI
$11.6B
| $2.29M | ﹤0.01% |
44,791
+1,250
| +3% | +$62.6K |
|
525
Dollar General
DG
$28B
| $2.28M | ﹤0.01% |
11,262
-254,213
| -96% | -$50.5M |
|
Similar funds
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.