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 |
Airbnb
ABNB
|
+$1.4B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$715M |
| 3 |
DOCU
DocuSign
DOCU
|
+$707M |
| 4 |
Eli Lilly
LLY
|
+$697M |
| 5 |
CrowdStrike
CRWD
|
+$622M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Peloton Interactive
PTON
|
+$1.3B |
| 2 |
RingCentral
RNG
|
+$869M |
| 3 |
Apple
AAPL
|
+$809M |
| 4 |
FTCH
Farfetch Limited Class A Ordinary Shares
FTCH
|
+$751M |
| 5 |
COUP
Coupa Software Incorporated
COUP
|
+$525M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.56% |
| 2 | Consumer Discretionary | 21.74% |
| 3 | Communication Services | 16.85% |
| 4 | Financials | 8.71% |
| 5 | Healthcare | 7.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Dynatrace
DT
$12.7B
| $522M | 0.35% |
8,938,298
-238,462
| -3% | -$12.5M |
|
52
HubSpot
HUBS
$12.9B
| $406M | 0.27% |
697,376
+571,882
| +456% | +$298M |
|
53
Humana
HUM
$43.9B
| $374M | 0.25% |
845,141
-3,183
| -0.4% | -$1.39M |
|
54
Marriott International
MAR
$100B
| $374M | 0.25% |
2,740,495
+2,682,409
| +4,618% | +$387M |
|
55
JPMorgan Chase
JPM
$916B
| $359M | 0.24% |
2,308,283
+183,041
| +9% | +$28.7M |
|
56
Dominion Energy
D
$62.1B
| $351M | 0.23% |
4,765,026
+9,913
| +0.2% | +$765K |
|
57
ConocoPhillips
COP
$144B
| $342M | 0.23% |
5,621,433
+313,642
| +6% | +$17.5M |
|
58
NextEra Energy
NEE
$185B
| $295M | 0.2% |
4,020,005
-258,302
| -6% | -$19.4M |
|
59
Zoom
ZM
$27.1B
| $285M | 0.19% |
736,945
-699,002
| -49% | -$233M |
|
60
PNC Financial Services
PNC
$99.1B
| $259M | 0.17% |
1,356,060
+195,200
| +17% | +$36.6M |
|
61
Linde
LIN
$236B
| $249M | 0.17% |
862,495
+31,788
| +4% | +$9.27M |
|
62
Texas Instruments
TXN
$248B
| $249M | 0.16% |
1,294,052
+73,034
| +6% | +$13.7M |
|
63
Zai Lab
ZLAB
$2.07B
| $244M | 0.16% |
1,379,966
+31,837
| +2% | +$5.12M |
|
64
Johnson Controls International
JCI
$85.1B
| $244M | 0.16% |
3,549,988
+60,214
| +2% | +$3.88M |
|
65
Okta
OKTA
$23.8B
| $241M | 0.16% |
986,076
-46,727
| -5% | -$11.3M |
|
66
argenx
ARGX
$55.2B
| $226M | 0.15% |
751,355
+31,540
| +4% | +$8.97M |
|
67
Bank of America
BAC
$429B
| $222M | 0.15% |
5,381,553
+332,015
| +7% | +$13.6M |
|
68
General Motors
GM
$80.9B
| $221M | 0.15% |
3,742,098
+159,192
| +4% | +$9.36M |
|
|
XIFR
69
XPLR Infrastructure LP
XIFR
$1.04B
| $216M | 0.14% |
2,828,096
-395,670
| -12% | -$28.3M |
|
70
Zimmer Biomet
ZBH
$18.8B
| $214M | 0.14% |
1,372,712
+327,095
| +31% | +$53M |
|
71
WIX.com
WIX
$2.56B
| $214M | 0.14% |
738,287
-709,854
| -49% | -$199M |
|
72
Williams Companies
WMB
$85.8B
| $211M | 0.14% |
7,952,081
+874,853
| +12% | +$22.4M |
|
73
Walmart Inc
WMT
$909B
| $204M | 0.14% |
4,341,213
+274,977
| +7% | +$12.8M |
|
74
Affirm
AFRM
$23.5B
| $204M | 0.13% |
3,021,613
+589,722
| +24% | +$37.6M |
|
75
Targa Resources
TRGP
$56.8B
| $201M | 0.13% |
4,530,254
+899,702
| +25% | +$34.8M |
|
Similar funds
Jennison Associates's Q2 2021 Portfolio in Review
As of Q2 2021, Jennison Associates held 746 positions worth $151B, up 10% from $137B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Jennison Associates's Q2 2021 filing shows 85 new, 265 increased, 299 reduced and 81 closed positions. Its largest new stake was dLocal: 2,105,049 shares worth $111M. The largest sale was Peloton Interactive, an estimated $1.3B.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2021 buy was dLocal: 2,105,049 shares worth $111M.
- Jennison Associates added most to Airbnb in Q2 2021, an estimated $1.4B increase.
- Jennison Associates's biggest Q2 2021 reduction was RingCentral, cutting an estimated $869M.
- Jennison Associates fully exited Peloton Interactive in Q2 2021, selling an estimated $1.3B.
- Jennison Associates's ten largest holdings make up 38% of its $151B portfolio in Q2 2021.
- Jennison Associates opened 85 new positions and closed 81 in Q2 2021.
- Jennison Associates's portfolio value rose 10% quarter-over-quarter to $151B.
Based on Jennison Associates's 13F filing for Q2 2021, filed 12 Aug 2021.