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 | 7.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Spotify
SPOT
$113B
| $604M | 0.38% |
2,580,094
+665,199
| +35% | +$166M |
|
52
Alcon
ALC
$34.8B
| $472M | 0.3% |
5,337,634
+4,554,533
| +582% | +$375M |
|
53
KKR & Co
KKR
$97.6B
| $452M | 0.29% |
6,072,720
+5,738,304
| +1,716% | +$423M |
|
54
ConocoPhillips
COP
$157B
| $394M | 0.25% |
5,456,307
-552,851
| -9% | -$40.3M |
|
55
NextEra Energy
NEE
$171B
| $377M | 0.24% |
4,040,135
+2,067
| +0.1% | +$179K |
|
56
Globant
GLOB
$1.75B
| $373M | 0.24% |
1,188,923
+349,600
| +42% | +$103M |
|
|
GTM
57
ZoomInfo Technologies
GTM
$1.22B
| $359M | 0.23% |
5,590,860
+2,384,753
| +74% | +$160M |
|
58
JPMorgan Chase
JPM
$951B
| $351M | 0.22% |
2,214,926
-7,251
| -0.3% | -$1.19M |
|
59
Dominion Energy
D
$57.7B
| $347M | 0.22% |
4,412,399
-320,830
| -7% | -$24.1M |
|
60
Humana
HUM
$46.3B
| $307M | 0.19% |
662,288
-186,898
| -22% | -$82.7M |
|
61
Union Pacific
UNP
$183B
| $298M | 0.19% |
1,184,466
-127,166
| -10% | -$30.1M |
|
62
argenx
ARGX
$64B
| $289M | 0.18% |
824,571
-7,574
| -0.9% | -$2.3M |
|
63
Dynatrace
DT
$15.5B
| $276M | 0.18% |
4,572,964
-2,491,394
| -35% | -$170M |
|
64
Johnson Controls International
JCI
$84.6B
| $267M | 0.17% |
3,289,157
-191,920
| -6% | -$14.5M |
|
65
Linde
LIN
$226B
| $259M | 0.16% |
746,718
-99,955
| -12% | -$32.4M |
|
66
AbbVie
ABBV
$451B
| $254M | 0.16% |
1,878,418
+11,728
| +0.6% | +$1.39M |
|
67
Affirm
AFRM
$26.2B
| $250M | 0.16% |
2,489,897
+28,282
| +1% | +$3.74M |
|
68
Abbott
ABT
$195B
| $250M | 0.16% |
1,775,769
+315,785
| +22% | +$40.4M |
|
69
PNC Financial Services
PNC
$96.6B
| $248M | 0.16% |
1,234,370
+7,591
| +0.6% | +$1.54M |
|
70
dLocal
DLO
$4.42B
| $239M | 0.15% |
6,709,131
+1,489,882
| +29% | +$64.4M |
|
71
Qualcomm
QCOM
$175B
| $238M | 0.15% |
1,303,404
+112,219
| +9% | +$18M |
|
72
Broadcom
AVGO
$1.75T
| $238M | 0.15% |
3,579,330
-245,240
| -6% | -$13.8M |
|
|
XIFR
73
XPLR Infrastructure LP
XIFR
$1.11B
| $232M | 0.15% |
2,752,592
-12,715
| -0.5% | -$1.06M |
|
74
Cheniere Energy
LNG
$58.3B
| $230M | 0.15% |
2,267,174
-9,501
| -0.4% | -$991K |
|
75
CenterPoint Energy
CNP
$25.8B
| $225M | 0.14% |
8,058,577
+1,825,490
| +29% | +$48.8M |
|
Similar funds
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.