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 |
BioNTech
BNTX
|
+$1.21B |
| 2 |
Sea Limited
SE
|
+$842M |
| 3 |
Okta
OKTA
|
+$819M |
| 4 |
XYZ
Block Inc
XYZ
|
+$749M |
| 5 |
Mercado Libre
MELI
|
+$656M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$929M |
| 2 |
Union Pacific
UNP
|
+$677M |
| 3 |
Spotify
SPOT
|
+$575M |
| 4 |
RingCentral
RNG
|
+$499M |
| 5 |
Amazon
AMZN
|
+$468M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.98% |
| 2 | Consumer Discretionary | 23.1% |
| 3 | Communication Services | 15.59% |
| 4 | Healthcare | 8.54% |
| 5 | Financials | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BBBY
676
Bed Bath & Beyond
BBBY
$525M
| – | – |
-13,157
| Closed | -$1.1M |
|
677
Cheesecake Factory
CAKE
$5.22B
| – | – |
-16,841
| Closed | -$912K |
|
678
Cracker Barrel
CBRL
$1.27B
| – | – |
-14,025
| Closed | -$2.08M |
|
679
CBIZ
CBZ
$2.99B
| – | – |
-33,391
| Closed | -$1.09M |
|
|
CIM
680
Chimera Investment
CIM
$1.05B
| – | – |
-18,714
| Closed | -$845K |
|
681
Copart
CPRT
$26.9B
| – | – |
-48,088
| Closed | -$1.58M |
|
682
Dollar General
DG
$27.5B
| – | – |
-30,607
| Closed | -$6.62M |
|
683
Dollar Tree
DLTR
$24.6B
| – | – |
-15,264
| Closed | -$1.52M |
|
|
EFC
684
Ellington Financial
EFC
$1.66B
| – | – |
-53,161
| Closed | -$1.02M |
|
685
First Advantage
FA
$3.49B
| – | – |
-643,048
| Closed | -$12.8M |
|
686
FMC
FMC
$1.28B
| – | – |
-625,101
| Closed | -$67.6M |
|
687
FormFactor
FORM
$9.09B
| – | – |
-23,670
| Closed | -$863K |
|
688
H.B. Fuller
FUL
$3.06B
| – | – |
-16,770
| Closed | -$1.07M |
|
689
Griffon
GFF
$4.17B
| – | – |
-54,389
| Closed | -$1.39M |
|
690
Herbalife
HLF
$1.31B
| – | – |
-45,199
| Closed | -$2.38M |
|
691
Home BancShares
HOMB
$6.25B
| – | – |
-98,286
| Closed | -$2.43M |
|
692
InnovAge Holding
INNV
$1.45B
| – | – |
-475,000
| Closed | -$10.1M |
|
693
Standard BioTools
LAB
$335M
| – | – |
-134,757
| Closed | -$830K |
|
694
Laureate Education
LAUR
$5.2B
| – | – |
-53,169
| Closed | -$771K |
|
695
Liberty Energy
LBRT
$3.07B
| – | – |
-64,824
| Closed | -$918K |
|
696
Landstar System
LSTR
$6.14B
| – | – |
-9,044
| Closed | -$1.43M |
|
697
LXP Industrial Trust
LXP
$3.57B
| – | – |
-22,306
| Closed | -$1.33M |
|
698
Macerich
MAC
$7.24B
| – | – |
-53,964
| Closed | -$985K |
|
699
Microchip Technology
MCHP
$42.7B
| – | – |
-513,130
| Closed | -$38.4M |
|
700
Medpace
MEDP
$15.9B
| – | – |
-14,061
| Closed | -$2.48M |
|
Similar funds
Jennison Associates's Q3 2021 Portfolio in Review
As of Q3 2021, Jennison Associates held 761 positions worth $155B, up 2.5% from $151B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Jennison Associates's Q3 2021 filing shows 96 new, 254 increased, 288 reduced and 100 closed positions. Its largest new stake was ZoomInfo Technologies: 3,206,107 shares worth $196M. The largest sale was Match Group, an estimated $929M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2021 buy was ZoomInfo Technologies: 3,206,107 shares worth $196M.
- Jennison Associates added most to BioNTech in Q3 2021, an estimated $1.21B increase.
- Jennison Associates's biggest Q3 2021 reduction was Match Group, cutting an estimated $929M.
- Jennison Associates fully exited Zoom in Q3 2021, selling an estimated $285M.
- Jennison Associates's ten largest holdings make up 38% of its $155B portfolio in Q3 2021.
- Jennison Associates opened 96 new positions and closed 100 in Q3 2021.
- Jennison Associates's portfolio value rose 2.5% quarter-over-quarter to $155B.
Based on Jennison Associates's 13F filing for Q3 2021, filed 9 Nov 2021.