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 |
Airbnb
ABNB
|
+$1.4B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$715M |
| 3 |
DOCU
DocuSign
DOCU
|
+$707M |
| 4 |
Eli Lilly
LLY
|
+$697M |
| 5 |
CrowdStrike
CRWD
|
+$622M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Peloton Interactive
PTON
|
+$1.3B |
| 2 |
RingCentral
RNG
|
+$869M |
| 3 |
Apple
AAPL
|
+$809M |
| 4 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$751M |
| 5 |
COUP
Coupa Software Incorporated
COUP
|
+$525M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.56% |
| 2 | Consumer Discretionary | 21.74% |
| 3 | Communication Services | 16.85% |
| 4 | Financials | 8.71% |
| 5 | Healthcare | 7.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Acacia Research
ACTG
$426M
| $1.04M | ﹤0.01% |
154,413
-6,370
| -4% | -$37.9K |
|
627
Tronox
TROX
$999M
| $1.04M | ﹤0.01% |
46,341
-27,228
| -37% | -$598K |
|
|
EFC
628
Ellington Financial
EFC
$1.69B
| $1.02M | ﹤0.01% |
+53,161
| New | +$983K |
|
|
ISBC
629
DELISTED
Investors Bancorp, Inc.
ISBC
| $995K | ﹤0.01% |
69,781
-20,532
| -23% | -$303K |
|
630
Macerich
MAC
$7.22B
| $985K | ﹤0.01% |
+53,964
| New | +$809K |
|
631
Axcelis
ACLS
$3.85B
| $978K | ﹤0.01% |
24,196
-893
| -4% | -$37K |
|
632
Dover
DOV
$27.5B
| $965K | ﹤0.01% |
6,411
-680
| -10% | -$100K |
|
633
M/I Homes
MHO
$3.87B
| $963K | ﹤0.01% |
16,412
-1,031
| -6% | -$66.6K |
|
634
Transocean
RIG
$5.62B
| $960K | ﹤0.01% |
+212,389
| New | +$806K |
|
|
REGI
635
DELISTED
Renewable Energy Group, Inc.
REGI
| $953K | ﹤0.01% |
15,295
-58,334
| -79% | -$3.64M |
|
636
Artisan Partners
APAM
$2.82B
| $942K | ﹤0.01% |
18,538
-24,390
| -57% | -$1.28M |
|
637
Belden
BDC
$4.56B
| $933K | ﹤0.01% |
+18,453
| New | +$902K |
|
638
MarineMax
HZO
$772M
| $930K | ﹤0.01% |
19,078
-9,445
| -33% | -$493K |
|
639
Liberty Energy
LBRT
$2.93B
| $918K | ﹤0.01% |
64,824
-27,060
| -29% | -$365K |
|
640
Cheesecake Factory
CAKE
$5.03B
| $912K | ﹤0.01% |
+16,841
| New | +$974K |
|
|
TPH
641
DELISTED
Tri Pointe Homes
TPH
| $900K | ﹤0.01% |
41,979
-17,447
| -29% | -$399K |
|
642
Provident Financial Services
PFS
$3.24B
| $892K | ﹤0.01% |
+38,968
| New | +$940K |
|
643
Timken Company
TKR
$9.46B
| $884K | ﹤0.01% |
10,969
-5,736
| -34% | -$486K |
|
644
American Express
AXP
$228B
| $868K | ﹤0.01% |
5,253
-557
| -10% | -$87.2K |
|
645
FormFactor
FORM
$8.21B
| $863K | ﹤0.01% |
23,670
-977
| -4% | -$38.5K |
|
646
Acadia Realty Trust
AKR
$3.08B
| $848K | ﹤0.01% |
+38,609
| New | +$819K |
|
647
Quanex
NX
$818M
| $848K | ﹤0.01% |
34,123
-204
| -0.6% | -$5.44K |
|
|
CIM
648
Chimera Investment
CIM
$1.06B
| $845K | ﹤0.01% |
+18,714
| New | +$778K |
|
649
Macy's
M
$6.56B
| $833K | ﹤0.01% |
+43,928
| New | +$780K |
|
650
Standard BioTools
LAB
$351M
| $830K | ﹤0.01% |
134,757
-36,703
| -21% | -$196K |
|
Similar funds
Jennison Associates's Q2 2021 Portfolio in Review
As of Q2 2021, Jennison Associates held 746 positions worth $151B, up 10% from $137B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Jennison Associates's Q2 2021 filing shows 85 new, 265 increased, 299 reduced and 81 closed positions. Its largest new stake was dLocal: 2,105,049 shares worth $111M. The largest sale was Peloton Interactive, an estimated $1.3B.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2021 buy was dLocal: 2,105,049 shares worth $111M.
- Jennison Associates added most to Airbnb in Q2 2021, an estimated $1.4B increase.
- Jennison Associates's biggest Q2 2021 reduction was RingCentral, cutting an estimated $869M.
- Jennison Associates fully exited Peloton Interactive in Q2 2021, selling an estimated $1.3B.
- Jennison Associates's ten largest holdings make up 38% of its $151B portfolio in Q2 2021.
- Jennison Associates opened 85 new positions and closed 81 in Q2 2021.
- Jennison Associates's portfolio value rose 10% quarter-over-quarter to $151B.
Based on Jennison Associates's 13F filing for Q2 2021, filed 12 Aug 2021.