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 | |
|---|---|---|---|---|---|---|
101
Performance Food Group
PFGC
$18.3B
| $129M | 0.09% |
2,662,670
+1,167,065
| +78% | +$61.6M |
|
102
IQVIA
IQV
$40.7B
| $128M | 0.09% |
529,979
-6,426
| -1% | -$1.48M |
|
103
Lowe's Companies
LOW
$121B
| $128M | 0.08% |
660,290
-112,362
| -15% | -$22M |
|
104
Blackstone
BX
$104B
| $127M | 0.08% |
1,305,595
+263,914
| +25% | +$23.4M |
|
105
Cooper Companies
COO
$14.2B
| $125M | 0.08% |
1,263,552
+130,060
| +11% | +$12.7M |
|
|
MRSH
106
Marsh
MRSH
$94.3B
| $125M | 0.08% |
887,436
+162,588
| +22% | +$21.8M |
|
107
Public Service Enterprise Group
PEG
$38.7B
| $124M | 0.08% |
2,079,039
-64,007
| -3% | -$3.95M |
|
108
Bristol-Myers Squibb
BMY
$129B
| $123M | 0.08% |
1,835,930
+340,428
| +23% | +$22.2M |
|
109
Ross Stores
ROST
$80.8B
| $121M | 0.08% |
974,410
+48,017
| +5% | +$5.99M |
|
110
CMS Energy
CMS
$23.3B
| $121M | 0.08% |
2,043,576
+6,947
| +0.3% | +$432K |
|
111
AbbVie
ABBV
$465B
| $121M | 0.08% |
1,070,936
+333,065
| +45% | +$37.5M |
|
112
Chevron
CVX
$382B
| $119M | 0.08% |
1,133,292
+252,542
| +29% | +$26.7M |
|
113
DTE Energy
DTE
$29.9B
| $111M | 0.07% |
1,006,351
-13,466
| -1% | -$1.57M |
|
114
Mondelez International
MDLZ
$82.9B
| $111M | 0.07% |
1,777,349
-240,606
| -12% | -$14.8M |
|
115
RTX Corp
RTX
$290B
| $111M | 0.07% |
1,300,246
-544,093
| -30% | -$45.8M |
|
116
dLocal
DLO
$4.29B
| $111M | 0.07% |
+2,105,049
| New | +$81M |
|
117
Procter & Gamble
PG
$340B
| $110M | 0.07% |
815,894
+84,447
| +12% | +$11.4M |
|
118
PTC
PTC
$15.3B
| $109M | 0.07% |
773,497
+116,087
| +18% | +$15.9M |
|
119
SLM Corp
SLM
$4.83B
| $109M | 0.07% |
5,207,528
-597,584
| -10% | -$11.8M |
|
120
PepsiCo
PEP
$196B
| $108M | 0.07% |
729,862
+35,414
| +5% | +$5.16M |
|
121
McDonald's
MCD
$193B
| $106M | 0.07% |
458,746
+60,892
| +15% | +$14.2M |
|
122
D.R. Horton
DHI
$41.2B
| $106M | 0.07% |
1,170,038
+175,910
| +18% | +$16.5M |
|
123
Qualcomm
QCOM
$164B
| $99.2M | 0.07% |
694,106
+161,602
| +30% | +$21.8M |
|
124
Brunswick
BC
$5.23B
| $98.4M | 0.07% |
987,953
-95,717
| -9% | -$9.75M |
|
125
Duke Energy
DUK
$101B
| $97.6M | 0.06% |
989,005
+428,708
| +77% | +$43.1M |
|
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.