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 | |
|---|---|---|---|---|---|---|
576
CNO Financial Group
CNO
$5.16B
| $1.37M | ﹤0.01% |
57,319
-19,531
| -25% | -$480K |
|
577
Hilltop Holdings
HTH
$2.28B
| $1.36M | ﹤0.01% |
38,738
+8,929
| +30% | +$314K |
|
578
Acadia Pharmaceuticals
ACAD
$4.39B
| $1.36M | ﹤0.01% |
58,139
-19,501
| -25% | -$392K |
|
579
AZZ Inc
AZZ
$4.48B
| $1.35M | ﹤0.01% |
24,496
-537
| -2% | -$29.2K |
|
580
SouthState Bank Corp
SSB
$10.5B
| $1.35M | ﹤0.01% |
16,882
-6,750
| -29% | -$536K |
|
581
First Commonwealth Financial
FCF
$2.2B
| $1.35M | ﹤0.01% |
+83,767
| New | +$1.27M |
|
582
Extreme Networks
EXTR
$3.92B
| $1.34M | ﹤0.01% |
+85,404
| New | +$1.05M |
|
583
3D Systems Corp
DDD
$462M
| $1.32M | ﹤0.01% |
61,524
+12,198
| +25% | +$308K |
|
584
Cohu
COHU
$2.3B
| $1.32M | ﹤0.01% |
34,677
-5,715
| -14% | -$196K |
|
585
Moderna
MRNA
$21.9B
| $1.31M | ﹤0.01% |
5,153
+2,816
| +120% | +$823K |
|
586
Macy's
M
$6.83B
| $1.29M | ﹤0.01% |
49,409
-18,980
| -28% | -$518K |
|
587
NorthWestern Energy
NWE
$4.24B
| $1.29M | ﹤0.01% |
+22,593
| New | +$1.28M |
|
588
State Street Energy Select Sector SPDR ETF
XLE
$38.5B
| $1.28M | ﹤0.01% |
46,086
+17,120
| +59% | +$484K |
|
589
The Ensign Group
ENSG
$10.3B
| $1.28M | ﹤0.01% |
15,208
-338
| -2% | -$26.3K |
|
590
Kulicke & Soffa
KLIC
$4.72B
| $1.27M | ﹤0.01% |
21,039
+2,803
| +15% | +$160K |
|
591
Tenet Healthcare
THC
$20.1B
| $1.27M | ﹤0.01% |
+15,526
| New | +$1.13M |
|
|
GRTS
592
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
| $1.25M | ﹤0.01% |
+97,393
| New | +$1.08M |
|
593
GrafTech
EAF
$195M
| $1.21M | ﹤0.01% |
+10,213
| New | +$1.18M |
|
594
Buckle
BKE
$2.37B
| $1.21M | ﹤0.01% |
28,504
-625
| -2% | -$28.3K |
|
|
TPTX
595
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $1.18M | ﹤0.01% |
24,787
-431,043
| -95% | -$19.3M |
|
|
CHX
596
DELISTED
ChampionX
CHX
| $1.14M | ﹤0.01% |
56,166
+20,098
| +56% | +$473K |
|
597
AMN Healthcare
AMN
$1.28B
| $1.12M | ﹤0.01% |
9,131
-6,613
| -42% | -$734K |
|
|
BSX.PRA
598
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
| $1.1M | ﹤0.01% |
+9,616
| New | +$1.1M |
|
599
Zumiez
ZUMZ
$345M
| $1.09M | ﹤0.01% |
22,813
-5,109
| -18% | -$233K |
|
600
MarineMax
HZO
$774M
| $1.09M | ﹤0.01% |
18,458
-398
| -2% | -$21.3K |
|
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.