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 |
BioNTech
BNTX
|
+$1.21B |
| 2 |
Sea Limited
SE
|
+$842M |
| 3 |
Okta
OKTA
|
+$819M |
| 4 |
XYZ
Block Inc
XYZ
|
+$749M |
| 5 |
Mercado Libre
MELI
|
+$656M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$929M |
| 2 |
Union Pacific
UNP
|
+$677M |
| 3 |
Spotify
SPOT
|
+$575M |
| 4 |
RingCentral
RNG
|
+$499M |
| 5 |
Amazon
AMZN
|
+$468M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.98% |
| 2 | Consumer Discretionary | 23.1% |
| 3 | Communication Services | 15.59% |
| 4 | Healthcare | 8.54% |
| 5 | Financials | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Citigroup
C
$222B
| $126M | 0.08% |
1,801,953
-344,237
| -16% | -$24.1M |
|
102
CMS Energy
CMS
$22.6B
| $125M | 0.08% |
2,088,435
+44,859
| +2% | +$2.8M |
|
103
Intellia Therapeutics
NTLA
$1.49B
| $123M | 0.08% |
918,577
-148,920
| -14% | -$22.5M |
|
104
PepsiCo
PEP
$190B
| $119M | 0.08% |
787,958
+58,096
| +8% | +$8.99M |
|
|
MRSH
105
Marsh
MRSH
$90.5B
| $118M | 0.08% |
780,502
-106,934
| -12% | -$16.2M |
|
106
Ross Stores
ROST
$80.5B
| $118M | 0.08% |
1,082,241
+107,831
| +11% | +$12.9M |
|
107
IQVIA
IQV
$38.7B
| $117M | 0.08% |
490,444
-39,535
| -7% | -$9.98M |
|
108
McDonald's
MCD
$192B
| $115M | 0.07% |
476,266
+17,520
| +4% | +$4.18M |
|
109
Otis Worldwide
OTIS
$27.4B
| $113M | 0.07% |
1,374,724
+222,446
| +19% | +$19.6M |
|
110
RTX Corp
RTX
$290B
| $110M | 0.07% |
1,279,974
-20,272
| -2% | -$1.73M |
|
111
Blackstone
BX
$102B
| $109M | 0.07% |
933,521
-372,074
| -28% | -$43.2M |
|
112
Essential Utilities
WTRG
$11.3B
| $108M | 0.07% |
2,345,183
+247,490
| +12% | +$12M |
|
113
Bristol-Myers Squibb
BMY
$133B
| $107M | 0.07% |
1,808,487
-27,443
| -1% | -$1.81M |
|
|
HZNP
114
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $105M | 0.07% |
957,944
+12,339
| +1% | +$1.28M |
|
115
WillScot Mobile Mini Holdings
WSC
$4.39B
| $105M | 0.07% |
3,304,017
-43,178
| -1% | -$1.25M |
|
116
Lowe's Companies
LOW
$117B
| $103M | 0.07% |
507,778
-152,512
| -23% | -$30.4M |
|
117
Cisco
CSCO
$457B
| $102M | 0.07% |
1,875,833
+62,400
| +3% | +$3.5M |
|
118
Mondelez International
MDLZ
$79.5B
| $102M | 0.07% |
1,753,073
-24,276
| -1% | -$1.51M |
|
119
Royal Caribbean
RCL
$85.1B
| $99.2M | 0.06% |
1,115,770
+36,796
| +3% | +$2.98M |
|
120
Duke Energy
DUK
$97.8B
| $96.5M | 0.06% |
989,005
| – | – |
|
121
Littelfuse
LFUS
$11.2B
| $96M | 0.06% |
351,264
+28,825
| +9% | +$7.68M |
|
122
D.R. Horton
DHI
$40B
| $95.7M | 0.06% |
1,140,161
-29,877
| -3% | -$2.75M |
|
123
DTE Energy
DTE
$29.5B
| $95.7M | 0.06% |
856,469
-149,882
| -15% | -$17.6M |
|
|
AAMI
124
Acadian Asset Management
AAMI
$3.08B
| $95.2M | 0.06% |
3,642,524
-103,024
| -3% | -$2.65M |
|
125
Quanta Services
PWR
$100B
| $94.3M | 0.06% |
828,649
+104,588
| +14% | +$10.5M |
|
Similar funds
Jennison Associates's Q3 2021 Portfolio in Review
As of Q3 2021, Jennison Associates held 761 positions worth $155B, up 2.5% from $151B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Jennison Associates's Q3 2021 filing shows 96 new, 254 increased, 288 reduced and 100 closed positions. Its largest new stake was ZoomInfo Technologies: 3,206,107 shares worth $196M. The largest sale was Match Group, an estimated $929M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2021 buy was ZoomInfo Technologies: 3,206,107 shares worth $196M.
- Jennison Associates added most to BioNTech in Q3 2021, an estimated $1.21B increase.
- Jennison Associates's biggest Q3 2021 reduction was Match Group, cutting an estimated $929M.
- Jennison Associates fully exited Zoom in Q3 2021, selling an estimated $285M.
- Jennison Associates's ten largest holdings make up 38% of its $155B portfolio in Q3 2021.
- Jennison Associates opened 96 new positions and closed 100 in Q3 2021.
- Jennison Associates's portfolio value rose 2.5% quarter-over-quarter to $155B.
Based on Jennison Associates's 13F filing for Q3 2021, filed 9 Nov 2021.