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 | |
|---|---|---|---|---|---|---|
651
Asbury Automotive
ABG
$4.01B
| – | – |
-6,548
| Closed | -$1.29M |
|
652
ABM Industries
ABM
$2.88B
| – | – |
-21,543
| Closed | -$970K |
|
653
Automatic Data Processing
ADP
$106B
| – | – |
-5,083
| Closed | -$1.02M |
|
654
Autodesk
ADSK
$49.6B
| – | – |
-2,957
| Closed | -$843K |
|
655
American Electric Power
AEP
$69.9B
| – | – |
-793,662
| Closed | -$64.4M |
|
|
AKYA
656
DELISTED
Akoya BioSciences
AKYA
| – | – |
-110,183
| Closed | -$1.54M |
|
657
Aon
AON
$75.3B
| – | – |
-2,941
| Closed | -$840K |
|
658
Axos Financial
AX
$5.99B
| – | – |
-43,082
| Closed | -$2.22M |
|
659
AutoZone
AZO
$49.2B
| – | – |
-562
| Closed | -$954K |
|
660
BJ's Restaurants
BJRI
$1.45B
| – | – |
-19,539
| Closed | -$816K |
|
661
Bumble
BMBL
$406M
| – | – |
-1,477,494
| Closed | -$73.8M |
|
|
BNR
662
Burning Rock Biotech
BNR
$94.7M
| – | – |
-56,778
| Closed | -$10.2M |
|
663
Beazer Homes USA
BZH
$910M
| – | – |
-65,837
| Closed | -$1.14M |
|
664
Crown Castle
CCI
$34.1B
| – | – |
-114,899
| Closed | -$19.9M |
|
665
Comcast
CMCSA
$87.9B
| – | – |
-1,014,348
| Closed | -$56.7M |
|
|
CNTA
666
DELISTED
Centessa Pharmaceuticals
CNTA
| – | – |
-296,456
| Closed | -$4.95M |
|
667
Caribou Biosciences
CRBU
$154M
| – | – |
-322,091
| Closed | -$7.69M |
|
668
Crocs
CROX
$6.73B
| – | – |
-6,306
| Closed | -$905K |
|
|
CWAN
669
DELISTED
Clearwater Analytics
CWAN
| – | – |
-544,434
| Closed | -$13.9M |
|
670
California Water Service
CWT
$3.08B
| – | – |
-16,471
| Closed | -$971K |
|
671
DigitalBridge
DBRG
$2.93B
| – | – |
-34,605
| Closed | -$835K |
|
|
DOCU
672
DocuSign
DOCU
$10.8B
| – | – |
-5,762,341
| Closed | -$1.48B |
|
673
Diamondrock Hospitality Co
DRH
$2.75B
| – | – |
-126,207
| Closed | -$1.19M |
|
674
DaVita
DVA
$14.6B
| – | – |
-7,009
| Closed | -$815K |
|
675
eBay
EBAY
$48.2B
| – | – |
-46,812
| Closed | -$3.26M |
|
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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.