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 | |
|---|---|---|---|---|---|---|
676
Emerson Electric
EMR
$83.9B
| – | – |
-540,992
| Closed | -$51M |
|
677
EPAM Systems
EPAM
$5.51B
| – | – |
-1,625
| Closed | -$927K |
|
678
Equitable Holdings
EQH
$13B
| – | – |
-25,361
| Closed | -$752K |
|
679
Equinix
EQIX
$101B
| – | – |
-50,968
| Closed | -$40.3M |
|
|
EXAS
680
DELISTED
Exact Sciences
EXAS
| – | – |
-159,731
| Closed | -$15.2M |
|
681
Fate Therapeutics
FATE
$286M
| – | – |
-383,714
| Closed | -$22.7M |
|
682
Flywire
FLYW
$1.98B
| – | – |
-413,994
| Closed | -$18.1M |
|
683
First Solar
FSLR
$22.7B
| – | – |
-48,485
| Closed | -$4.63M |
|
684
Fortinet
FTNT
$119B
| – | – |
-51,385
| Closed | -$3M |
|
685
GE Aerospace
GE
$374B
| – | – |
-1,444,332
| Closed | -$92.7M |
|
686
Globalstar
GSAT
$10.7B
| – | – |
-28,383
| Closed | -$711K |
|
687
HCA Healthcare
HCA
$87.2B
| – | – |
-6,515
| Closed | -$1.58M |
|
688
HealthEquity
HQY
$8.41B
| – | – |
-206,386
| Closed | -$13.4M |
|
689
H&R Block
HRB
$5.58B
| – | – |
-83,157
| Closed | -$2.08M |
|
690
Hexcel
HXL
$7.79B
| – | – |
-5,811
| Closed | -$345K |
|
691
Illumina
ILMN
$31B
| – | – |
-83,505
| Closed | -$32.9M |
|
|
NBP
692
NovaBridge Biosciences American Depositary Shares
NBP
$185M
| – | – |
-166,485
| Closed | -$12.1M |
|
|
IMTXW
693
DELISTED
Immatics N.V. Warrants
IMTXW
| – | – |
-386,035
| Closed | -$1.63M |
|
694
Kosmos Energy
KOS
$1.6B
| – | – |
-407,507
| Closed | -$1.21M |
|
695
Kite Realty
KRG
$5.81B
| – | – |
-46,219
| Closed | -$941K |
|
|
HAPN
696
Happen Inc
HAPN
$2.21B
| – | – |
-28,513
| Closed | -$805K |
|
697
Lincoln Electric
LECO
$14.2B
| – | – |
-99,860
| Closed | -$12.9M |
|
698
LyondellBasell Industries
LYB
$20B
| – | – |
-15,342
| Closed | -$1.44M |
|
699
Pediatrix Medical
MD
$2.18B
| – | – |
-33,111
| Closed | -$941K |
|
700
Medtronic
MDT
$109B
| – | – |
-387,612
| Closed | -$48.6M |
|
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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.