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 | |
|---|---|---|---|---|---|---|
501
T. Rowe Price
TROW
$24.3B
| $2.83M | ﹤0.01% |
14,364
+10,150
| +241% | +$2.06M |
|
502
Williams-Sonoma
WSM
$28.2B
| $2.81M | ﹤0.01% |
33,208
+11,320
| +52% | +$1.05M |
|
503
Gen Digital
GEN
$16.9B
| $2.81M | ﹤0.01% |
107,975
+4,311
| +4% | +$109K |
|
504
Shoals Technologies Group
SHLS
$1.57B
| $2.79M | ﹤0.01% |
114,708
-48,322
| -30% | -$1.39M |
|
505
Dell
DELL
$277B
| $2.78M | ﹤0.01% |
49,538
-3,382
| -6% | -$189K |
|
506
Columbia Sportswear
COLM
$3B
| $2.77M | ﹤0.01% |
+28,426
| New | +$2.83M |
|
507
Yum! Brands
YUM
$40.6B
| $2.74M | ﹤0.01% |
19,740
-1,495
| -7% | -$191K |
|
|
OPTU
508
Optimum Communications Inc
OPTU
$336M
| $2.71M | ﹤0.01% |
167,663
+123,631
| +281% | +$2.1M |
|
509
Yeti Holdings
YETI
$3.85B
| $2.67M | ﹤0.01% |
32,220
-258,026
| -89% | -$23.7M |
|
|
ALLK
510
DELISTED
Allakos
ALLK
| $2.65M | ﹤0.01% |
270,532
+100,889
| +59% | +$8.26M |
|
511
BILL Holdings
BILL
$4.7B
| $2.54M | ﹤0.01% |
+10,188
| New | +$2.88M |
|
|
KW
512
DELISTED
Kennedy-Wilson Holdings
KW
| $2.52M | ﹤0.01% |
105,449
-11,768
| -10% | -$268K |
|
|
WIRE
513
DELISTED
Encore Wire Corp
WIRE
| $2.5M | ﹤0.01% |
17,450
-4,198
| -19% | -$543K |
|
514
Micron Technology
MU
$937B
| $2.5M | ﹤0.01% |
26,792
-11,213
| -30% | -$876K |
|
515
Fulton Financial
FULT
$4.72B
| $2.46M | ﹤0.01% |
144,792
-10,467
| -7% | -$172K |
|
516
Urban Edge Properties
UE
$2.85B
| $2.46M | ﹤0.01% |
129,444
+31,717
| +32% | +$581K |
|
517
Sanmina
SANM
$10.4B
| $2.46M | ﹤0.01% |
59,287
+12,199
| +26% | +$480K |
|
518
Associated Banc-Corp
ASB
$5.93B
| $2.44M | ﹤0.01% |
+108,148
| New | +$2.44M |
|
519
Ambarella
AMBA
$3.63B
| $2.44M | ﹤0.01% |
+12,036
| New | +$2.23M |
|
|
PCH
520
DELISTED
PotlatchDeltic
PCH
| $2.36M | ﹤0.01% |
39,135
-857
| -2% | -$48K |
|
521
Sprouts Farmers Market
SFM
$8.28B
| $2.32M | ﹤0.01% |
78,051
-801
| -1% | -$20.1K |
|
522
UFP Industries
UFPI
$5.18B
| $2.31M | ﹤0.01% |
25,121
-543
| -2% | -$45.7K |
|
523
Ulta Beauty
ULTA
$23B
| $2.27M | ﹤0.01% |
5,499
+3,186
| +138% | +$1.24M |
|
524
Pool Corp
POOL
$7.11B
| $2.26M | ﹤0.01% |
3,999
+2,082
| +109% | +$1.09M |
|
525
Kforce
KFRC
$1.03B
| $2.24M | ﹤0.01% |
29,735
-646
| -2% | -$46.4K |
|
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.