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 | |
|---|---|---|---|---|---|---|
601
Herc Holdings
HRI
$5.48B
| $1.08M | ﹤0.01% |
6,916
-2,151
| -24% | -$380K |
|
602
Omnicell
OMCL
$1.71B
| $1.08M | ﹤0.01% |
5,996
-134
| -2% | -$23.2K |
|
603
Sturm, Ruger & Co
RGR
$616M
| $1.07M | ﹤0.01% |
+15,722
| New | +$1.14M |
|
604
iShares North American Natural Resources ETF
IGE
$748M
| $1.06M | ﹤0.01% |
33,795
+11,987
| +55% | +$378K |
|
|
NVTA
605
DELISTED
Invitae Corporation
NVTA
| $1.05M | ﹤0.01% |
+68,693
| New | +$1.49M |
|
606
Patrick Industries
PATK
$2.77B
| $994K | ﹤0.01% |
18,485
-7,116
| -28% | -$382K |
|
607
Yelp
YELP
$1.47B
| $994K | ﹤0.01% |
+27,431
| New | +$1.03M |
|
608
AMC Global Media
AMCX
$479M
| $990K | ﹤0.01% |
28,744
+444
| +2% | +$18.5K |
|
609
Maximus
MMS
$3.27B
| $965K | ﹤0.01% |
12,110
-263
| -2% | -$21.5K |
|
610
Starbucks
SBUX
$118B
| $964K | ﹤0.01% |
8,238
+619
| +8% | +$69.8K |
|
611
LGI Homes
LGIH
$1.3B
| $961K | ﹤0.01% |
6,220
-138
| -2% | -$20.2K |
|
612
Community Health Systems
CYH
$412M
| $952K | ﹤0.01% |
71,550
-8,654
| -11% | -$109K |
|
613
Southwest Airlines
LUV
$23B
| $942K | ﹤0.01% |
21,984
-633
| -3% | -$29.7K |
|
614
Artisan Partners
APAM
$2.99B
| $941K | ﹤0.01% |
+19,751
| New | +$948K |
|
615
Shutterstock
SSTK
$223M
| $934K | ﹤0.01% |
8,426
-709
| -8% | -$82.5K |
|
616
Corpay
CPAY
$25.2B
| $923K | ﹤0.01% |
+4,124
| New | +$985K |
|
617
Prothena Corp
PRTA
$436M
| $920K | ﹤0.01% |
18,631
+4,360
| +31% | +$242K |
|
618
Nexstar Media Group
NXST
$5.88B
| $913K | ﹤0.01% |
6,048
+110
| +2% | +$17.1K |
|
619
Cable One
CABO
$254M
| $910K | ﹤0.01% |
+516
| New | +$915K |
|
620
Zoom
ZM
$28.8B
| $906K | ﹤0.01% |
+4,924
| New | +$1.16M |
|
621
VF Corp
VFC
$5.87B
| $905K | ﹤0.01% |
+12,366
| New | +$903K |
|
622
Bruker
BRKR
$9.79B
| $901K | ﹤0.01% |
+10,732
| New | +$860K |
|
623
Frontdoor
FTDR
$5.34B
| $900K | ﹤0.01% |
+24,558
| New | +$932K |
|
624
Zebra Technologies
ZBRA
$13.9B
| $900K | ﹤0.01% |
1,512
-90
| -6% | -$51.1K |
|
625
RH
RH
$3.29B
| $899K | ﹤0.01% |
+1,678
| New | +$1.03M |
|
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.