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 | |
|---|---|---|---|---|---|---|
76
MetLife
MET
$62.1B
| $182M | 0.13% |
2,990,496
+78,337
| +3% | +$4.32M |
|
77
Zai Lab
ZLAB
$2.06B
| $180M | 0.13% |
1,348,129
+1,081,294
| +405% | +$167M |
|
78
Ameren
AEE
$30.4B
| $179M | 0.13% |
2,203,314
-189,695
| -8% | -$14.2M |
|
79
Walt Disney
DIS
$171B
| $177M | 0.13% |
960,424
+44,765
| +5% | +$8.26M |
|
80
Chubb
CB
$135B
| $177M | 0.13% |
1,119,738
+110,048
| +11% | +$17.7M |
|
81
Affirm
AFRM
$25.2B
| $172M | 0.13% |
+2,431,891
| New | +$236M |
|
82
Williams Companies
WMB
$86.5B
| $168M | 0.12% |
7,077,228
+514,433
| +8% | +$11.7M |
|
83
Zimmer Biomet
ZBH
$18.6B
| $163M | 0.12% |
1,045,617
+152,542
| +17% | +$23.6M |
|
84
Nice
NICE
$5.99B
| $155M | 0.11% |
711,704
+173,094
| +32% | +$43.3M |
|
85
Truist Financial
TFC
$63.4B
| $155M | 0.11% |
2,656,433
+411,277
| +18% | +$22.5M |
|
86
Vertex Pharmaceuticals
VRTX
$120B
| $154M | 0.11% |
715,789
-3,033,565
| -81% | -$666M |
|
87
Cigna
CI
$73.5B
| $153M | 0.11% |
632,406
-74,086
| -10% | -$16.5M |
|
88
Crown Holdings
CCK
$13.1B
| $152M | 0.11% |
1,569,418
+162,085
| +12% | +$15.6M |
|
89
Cheniere Energy
LNG
$54.3B
| $150M | 0.11% |
2,080,866
+165,771
| +9% | +$11.3M |
|
90
Broadcom
AVGO
$1.8T
| $148M | 0.11% |
3,194,430
+333,980
| +12% | +$15.4M |
|
91
Lowe's Companies
LOW
$118B
| $147M | 0.11% |
772,652
-123,552
| -14% | -$21.2M |
|
92
AstraZeneca
AZN
$243B
| $146M | 0.11% |
1,466,090
-3,496,545
| -70% | -$352M |
|
93
RTX Corp
RTX
$294B
| $143M | 0.1% |
1,844,339
+42,924
| +2% | +$3.13M |
|
94
American Tower
AMT
$81.2B
| $142M | 0.1% |
592,429
-105,291
| -15% | -$23.4M |
|
95
Public Service Enterprise Group
PEG
$38.3B
| $129M | 0.09% |
2,143,046
+665,693
| +45% | +$38.4M |
|
96
Capital One
COF
$133B
| $126M | 0.09% |
988,778
+156,647
| +19% | +$18.5M |
|
97
Citigroup
C
$222B
| $126M | 0.09% |
1,729,098
+89,166
| +5% | +$5.95M |
|
98
CMS Energy
CMS
$22.7B
| $125M | 0.09% |
2,036,629
-249,994
| -11% | -$14.4M |
|
99
Mondelez International
MDLZ
$79.9B
| $118M | 0.09% |
2,017,955
+38,378
| +2% | +$2.17M |
|
|
APLS
100
DELISTED
Apellis Pharmaceuticals
APLS
| $116M | 0.09% |
2,710,877
-61,543
| -2% | -$2.91M |
|
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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.