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 | |
|---|---|---|---|---|---|---|
|
PDCE
101
DELISTED
PDC Energy, Inc.
PDCE
| $129M | 0.08% |
2,645,087
-90,131
| -3% | -$4.62M |
|
102
Blackstone
BX
$102B
| $129M | 0.08% |
993,943
+60,422
| +6% | +$8.06M |
|
103
IQVIA
IQV
$38.7B
| $128M | 0.08% |
452,709
-37,735
| -8% | -$9.79M |
|
104
CoStar Group
CSGP
$11.7B
| $127M | 0.08% |
1,612,270
+541,329
| +51% | +$45.4M |
|
105
Citigroup
C
$222B
| $127M | 0.08% |
2,108,526
+306,573
| +17% | +$20.4M |
|
106
RTX Corp
RTX
$290B
| $127M | 0.08% |
1,472,108
+192,134
| +15% | +$16.7M |
|
107
Cisco
CSCO
$457B
| $124M | 0.08% |
1,953,147
+77,314
| +4% | +$4.42M |
|
108
Intellia Therapeutics
NTLA
$1.49B
| $122M | 0.08% |
1,035,398
+116,821
| +13% | +$14.6M |
|
109
NXP Semiconductors
NXPI
$57.8B
| $122M | 0.08% |
+536,962
| New | +$114M |
|
110
Essential Utilities
WTRG
$11.3B
| $122M | 0.08% |
2,277,846
-67,337
| -3% | -$3.27M |
|
|
111
Carvana
CVNA
$68.6B
| $122M | 0.08% |
2,637,065
-17,040,705
| -87% | -$937M |
|
112
Exelon
EXC
$47.2B
| $120M | 0.08% |
2,909,478
+748,340
| +35% | +$28.2M |
|
|
MRSH
113
Marsh
MRSH
$90.5B
| $119M | 0.08% |
683,909
-96,593
| -12% | -$16M |
|
114
SBA Communications
SBAC
$19.2B
| $117M | 0.07% |
301,774
+144,489
| +92% | +$50.7M |
|
115
Molina Healthcare
MOH
$10.2B
| $116M | 0.07% |
364,494
+28,698
| +9% | +$8.54M |
|
116
FirstEnergy
FE
$28B
| $113M | 0.07% |
2,709,695
+2,681,540
| +9,524% | +$103M |
|
117
D.R. Horton
DHI
$40B
| $107M | 0.07% |
990,647
-149,514
| -13% | -$14.4M |
|
118
Saia
SAIA
$9.27B
| $107M | 0.07% |
318,393
-69,651
| -18% | -$21.6M |
|
119
Avantor
AVTR
$9.32B
| $106M | 0.07% |
2,512,968
-823,553
| -25% | -$32.5M |
|
120
DTE Energy
DTE
$29.5B
| $102M | 0.06% |
856,469
| – | – |
|
121
Quanta Services
PWR
$100B
| $101M | 0.06% |
880,835
+52,186
| +6% | +$6.02M |
|
122
Walt Disney
DIS
$167B
| $100M | 0.06% |
648,643
-226,849
| -26% | -$36.6M |
|
123
Evergy
EVRG
$19.1B
| $99.9M | 0.06% |
1,456,078
-8,283
| -0.6% | -$539K |
|
124
Otis Worldwide
OTIS
$27.4B
| $98.6M | 0.06% |
1,132,616
-242,108
| -18% | -$20.3M |
|
125
Nu Holdings
NU
$69.2B
| $98.4M | 0.06% |
+10,494,555
| New | +$103M |
|
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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.