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 |
Snap
SNAP
|
+$2.23B |
| 2 |
Target
TGT
|
+$794M |
| 3 |
Eli Lilly
LLY
|
+$697M |
| 4 |
Mercado Libre
MELI
|
+$619M |
| 5 |
Airbnb
ABNB
|
+$527M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.46B |
| 2 |
Tesla
TSLA
|
+$1.04B |
| 3 |
Teladoc Health
TDOC
|
+$966M |
| 4 |
Home Depot
HD
|
+$741M |
| 5 |
Microsoft
MSFT
|
+$667M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.6% |
| 2 | Consumer Discretionary | 22.78% |
| 3 | Communication Services | 16.93% |
| 4 | Financials | 8.37% |
| 5 | Healthcare | 7.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
IDEX
IEX
$17.5B
| – | – |
-184,031
| Closed | -$36.7M |
|
702
Iovance Biotherapeutics
IOVA
$1.99B
| – | – |
-336,986
| Closed | -$15.6M |
|
703
Johnson & Johnson
JNJ
$623B
| – | – |
-11,855
| Closed | -$1.87M |
|
704
KLA
KLAC
$255B
| – | – |
-129,740
| Closed | -$3.36M |
|
705
Leidos
LDOS
$16B
| – | – |
-44,307
| Closed | -$4.66M |
|
706
Legend Biotech
LEGN
$3.71B
| – | – |
-321,388
| Closed | -$9.05M |
|
707
Lemonade
LMND
$4.04B
| – | – |
-144,615
| Closed | -$17.7M |
|
|
LTC
708
LTC Properties
LTC
$1.98B
| – | – |
-45,140
| Closed | -$1.76M |
|
709
LXP Industrial Trust
LXP
$3.57B
| – | – |
-27,163
| Closed | -$1.44M |
|
710
908 Devices
MASS
$348M
| – | – |
-50,000
| Closed | -$2.85M |
|
711
Malibu Boats
MBUU
$578M
| – | – |
-15,010
| Closed | -$937K |
|
712
3M
MMM
$94.2B
| – | – |
-10,446
| Closed | -$1.53M |
|
713
Monro
MNRO
$411M
| – | – |
-196,939
| Closed | -$10.5M |
|
714
Altria Group
MO
$114B
| – | – |
-17,363
| Closed | -$712K |
|
715
Maravai LifeSciences
MRVI
$943M
| – | – |
-265,386
| Closed | -$7.44M |
|
716
National Health Investors
NHI
$3.63B
| – | – |
-35,205
| Closed | -$2.44M |
|
717
Northrop Grumman
NOC
$79B
| – | – |
-52,643
| Closed | -$16M |
|
|
NXRT
718
NexPoint Residential Trust
NXRT
$638M
| – | – |
-26,999
| Closed | -$1.14M |
|
719
Old Dominion Freight Line
ODFL
$44.6B
| – | – |
-45,140
| Closed | -$4.41M |
|
720
O-I Glass
OI
$1.16B
| – | – |
-169,105
| Closed | -$2.01M |
|
721
Petrobras
PBR
$118B
| – | – |
-377,526
| Closed | -$4.24M |
|
722
Pentair
PNR
$10.9B
| – | – |
-401,987
| Closed | -$21.3M |
|
723
Power Integrations
POWI
$3.45B
| – | – |
-13,006
| Closed | -$1.06M |
|
724
PRA Group
PRAA
$659M
| – | – |
-27,353
| Closed | -$1.08M |
|
|
RDFN
725
DELISTED
Redfin
RDFN
| – | – |
-9,118
| Closed | -$626K |
|
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Jennison Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Jennison Associates held 765 positions worth $137B, down 2.6% from $140B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Jennison Associates's Q1 2021 filing shows 126 new, 252 increased, 272 reduced and 104 closed positions. Its largest new stake was Snap: 38,849,947 shares worth $2.03B. The largest sale was Apple, an estimated $1.46B.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2021 buy was Snap: 38,849,947 shares worth $2.03B.
- Jennison Associates added most to Target in Q1 2021, an estimated $794M increase.
- Jennison Associates's biggest Q1 2021 reduction was Apple, cutting an estimated $1.46B.
- Jennison Associates fully exited SAP in Q1 2021, selling an estimated $58.7M.
- Jennison Associates's ten largest holdings make up 37% of its $137B portfolio in Q1 2021.
- Jennison Associates opened 126 new positions and closed 104 in Q1 2021.
- Jennison Associates's portfolio value fell 2.6% quarter-over-quarter to $137B.
Based on Jennison Associates's 13F filing for Q1 2021, filed 11 May 2021.