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 | |
|---|---|---|---|---|---|---|
76
Bank of America
BAC
$435B
| $222M | 0.14% |
4,996,488
-18,263
| -0.4% | -$832K |
|
77
Bristol-Myers Squibb
BMY
$133B
| $219M | 0.14% |
3,519,826
+1,711,339
| +95% | +$100M |
|
78
Chubb
CB
$135B
| $218M | 0.14% |
1,128,600
-124,966
| -10% | -$23.5M |
|
79
Crown Holdings
CCK
$12.8B
| $196M | 0.12% |
1,772,462
-79,927
| -4% | -$8.49M |
|
80
Truist Financial
TFC
$63.3B
| $191M | 0.12% |
3,269,614
-443,096
| -12% | -$27.1M |
|
81
Ameren
AEE
$30.3B
| $190M | 0.12% |
2,134,165
-1,187
| -0.1% | -$101K |
|
82
MetLife
MET
$61.9B
| $178M | 0.11% |
2,847,040
-296,299
| -9% | -$18.6M |
|
83
Targa Resources
TRGP
$58B
| $176M | 0.11% |
3,369,437
-15,873
| -0.5% | -$851K |
|
84
Walmart Inc
WMT
$885B
| $173M | 0.11% |
3,587,085
-537,702
| -13% | -$25.7M |
|
85
Vertex Pharmaceuticals
VRTX
$121B
| $172M | 0.11% |
783,389
-45,970
| -6% | -$8.94M |
|
86
Lowe's Companies
LOW
$117B
| $169M | 0.11% |
653,463
+145,685
| +29% | +$34.6M |
|
87
Public Service Enterprise Group
PEG
$38.2B
| $166M | 0.11% |
2,480,429
-1,684
| -0.1% | -$107K |
|
88
AstraZeneca
AZN
$263B
| $164M | 0.1% |
1,409,958
-114,451
| -8% | -$13.5M |
|
89
Chevron
CVX
$392B
| $164M | 0.1% |
1,396,904
-12,701
| -0.9% | -$1.44M |
|
90
PepsiCo
PEP
$190B
| $164M | 0.1% |
942,576
+154,618
| +20% | +$25.3M |
|
91
Lam Research
LRCX
$367B
| $164M | 0.1% |
2,275,440
-2,470
| -0.1% | -$155K |
|
92
General Motors
GM
$80.4B
| $155M | 0.1% |
2,638,450
-708,238
| -21% | -$41.4M |
|
93
Labcorp
LH
$25B
| $154M | 0.1% |
570,320
+25,786
| +5% | +$6.38M |
|
|
HZNP
94
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $146M | 0.09% |
1,350,395
+392,451
| +41% | +$42.8M |
|
95
Performance Food Group
PFGC
$18B
| $145M | 0.09% |
3,160,636
+190,767
| +6% | +$8.67M |
|
96
Capital One
COF
$128B
| $139M | 0.09% |
956,384
-82,426
| -8% | -$12.7M |
|
97
CMS Energy
CMS
$22.6B
| $136M | 0.09% |
2,088,212
-223
| -0% | -$13.7K |
|
98
Mondelez International
MDLZ
$79.5B
| $133M | 0.08% |
2,002,840
+249,767
| +14% | +$15.4M |
|
99
McDonald's
MCD
$192B
| $130M | 0.08% |
486,057
+9,791
| +2% | +$2.47M |
|
100
Littelfuse
LFUS
$11.2B
| $130M | 0.08% |
413,469
+62,205
| +18% | +$18.8M |
|
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.