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 | |
|---|---|---|---|---|---|---|
76
Chubb
CB
$140B
| $198M | 0.13% |
1,248,800
+129,062
| +12% | +$21.4M |
|
77
Broadcom
AVGO
$1.76T
| $192M | 0.13% |
4,022,760
+828,330
| +26% | +$38.4M |
|
78
MetLife
MET
$62.4B
| $191M | 0.13% |
3,195,125
+204,629
| +7% | +$13M |
|
79
Crown Holdings
CCK
$13B
| $191M | 0.13% |
1,869,486
+300,068
| +19% | +$31.6M |
|
80
AstraZeneca
AZN
$269B
| $183M | 0.12% |
1,524,420
+58,330
| +4% | +$6.4M |
|
81
Walt Disney
DIS
$171B
| $179M | 0.12% |
1,018,728
+58,304
| +6% | +$10.5M |
|
82
Ameren
AEE
$30.4B
| $175M | 0.12% |
2,191,655
-11,659
| -0.5% | -$976K |
|
83
Abbott
ABT
$187B
| $175M | 0.12% |
1,506,437
+1,392,401
| +1,221% | +$162M |
|
84
Truist Financial
TFC
$63.9B
| $173M | 0.11% |
3,119,948
+463,515
| +17% | +$27.2M |
|
85
Intellia Therapeutics
NTLA
$1.51B
| $173M | 0.11% |
1,067,497
-72,374
| -6% | -$5.64M |
|
86
Cheniere Energy
LNG
$54.2B
| $173M | 0.11% |
1,989,770
-91,096
| -4% | -$7.41M |
|
87
Vertex Pharmaceuticals
VRTX
$123B
| $160M | 0.11% |
791,828
+76,039
| +11% | +$15.9M |
|
88
Teladoc Health
TDOC
$1.66B
| $157M | 0.1% |
944,021
-458,152
| -33% | -$74.2M |
|
|
APLS
89
DELISTED
Apellis Pharmaceuticals
APLS
| $155M | 0.1% |
2,449,524
-261,353
| -10% | -$13.5M |
|
90
CenterPoint Energy
CNP
$28.3B
| $153M | 0.1% |
6,246,067
+1,939,350
| +45% | +$47.6M |
|
91
Citigroup
C
$213B
| $152M | 0.1% |
2,146,190
+417,092
| +24% | +$30.9M |
|
92
Capital One
COF
$128B
| $147M | 0.1% |
953,402
-35,376
| -4% | -$5.34M |
|
93
Bilibili
BILI
$7.75B
| $146M | 0.1% |
1,195,981
+135,588
| +13% | +$14.7M |
|
94
Cigna
CI
$78.4B
| $144M | 0.1% |
606,052
-26,354
| -4% | -$6.58M |
|
95
Avantor
AVTR
$9.73B
| $141M | 0.09% |
3,974,792
+587,230
| +17% | +$19M |
|
96
Align Technology
ALGN
$12.9B
| $140M | 0.09% |
229,865
+75,910
| +49% | +$44.9M |
|
|
PDCE
97
DELISTED
PDC Energy, Inc.
PDCE
| $134M | 0.09% |
2,930,752
+89,891
| +3% | +$3.67M |
|
98
Labcorp
LH
$25.2B
| $132M | 0.09% |
556,299
+71,086
| +15% | +$16.2M |
|
99
Lam Research
LRCX
$316B
| $130M | 0.09% |
1,999,400
+1,514,410
| +312% | +$95.6M |
|
100
FedEx
FDX
$73B
| $129M | 0.09% |
433,751
+151,207
| +54% | +$44.9M |
|
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.