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 | |
|---|---|---|---|---|---|---|
701
M/I Homes
MHO
$3.79B
| – | – |
-16,221
| Closed | -$938K |
|
702
MillerKnoll
MLKN
$1.63B
| – | – |
-41,250
| Closed | -$1.55M |
|
703
Marqeta
MQ
$1.85B
| – | – |
-88,908
| Closed | -$7.87M |
|
704
NeoGenomics
NEO
$2.04B
| – | – |
-301,226
| Closed | -$14.5M |
|
705
New Jersey Resources
NJR
$5.88B
| – | – |
-46,755
| Closed | -$1.63M |
|
706
Novavax
NVAX
$1.24B
| – | – |
-143,362
| Closed | -$29.7M |
|
707
O-I Glass
OI
$1.11B
| – | – |
-62,098
| Closed | -$886K |
|
|
ACH
708
Accendra Health
ACH
$255M
| – | – |
-31,484
| Closed | -$985K |
|
709
Provident Financial Services
PFS
$3.26B
| – | – |
-56,432
| Closed | -$1.32M |
|
710
Polaris
PII
$4.03B
| – | – |
-16,696
| Closed | -$2M |
|
711
Primoris Services
PRIM
$4.73B
| – | – |
-88,716
| Closed | -$2.17M |
|
712
PTC
PTC
$16.3B
| – | – |
-7,034
| Closed | -$843K |
|
713
Peloton Interactive
PTON
$2.83B
| – | – |
-2,576
| Closed | -$224K |
|
714
Regeneron Pharmaceuticals
REGN
$78.7B
| – | – |
-1,805
| Closed | -$1.09M |
|
715
Royal Gold
RGLD
$17B
| – | – |
-129,711
| Closed | -$12.4M |
|
716
Rapid Micro Biosystems
RPID
$107M
| – | – |
-123,605
| Closed | -$2.28M |
|
717
Sight Sciences
SGHT
$304M
| – | – |
-38,733
| Closed | -$879K |
|
718
SkinHealth Systems
SKIN
$91.7M
| – | – |
-81,749
| Closed | -$2.12M |
|
719
Southern Company
SO
$108B
| – | – |
-542,886
| Closed | -$33.6M |
|
720
E.W. Scripps
SSP
$261M
| – | – |
-60,386
| Closed | -$1.09M |
|
|
SWTX
721
DELISTED
SpringWorks Therapeutics
SWTX
| – | – |
-645,521
| Closed | -$41M |
|
722
Talkspace
TALK
$873M
| – | – |
-2,377,313
| Closed | -$8.68M |
|
723
Teradata
TDC
$3B
| – | – |
-24,532
| Closed | -$1.41M |
|
724
Teladoc Health
TDOC
$1.2B
| – | – |
-1,008,967
| Closed | -$128M |
|
|
TGNA
725
DELISTED
TEGNA Inc
TGNA
| – | – |
-31,513
| Closed | -$621K |
|
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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.