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 |
Snap
SNAP
|
+$2.23B |
| 2 |
Target
TGT
|
+$794M |
| 3 |
Eli Lilly
LLY
|
+$697M |
| 4 |
Mercado Libre
MELI
|
+$619M |
| 5 |
Airbnb
ABNB
|
+$527M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.46B |
| 2 |
Tesla
TSLA
|
+$1.04B |
| 3 |
Teladoc Health
TDOC
|
+$966M |
| 4 |
Home Depot
HD
|
+$741M |
| 5 |
Microsoft
MSFT
|
+$667M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.6% |
| 2 | Consumer Discretionary | 22.78% |
| 3 | Communication Services | 16.93% |
| 4 | Financials | 8.37% |
| 5 | Healthcare | 7.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Sempra
SRE
$57.3B
| $91.3M | 0.07% |
1,376,716
+235,068
| +21% | +$14.6M |
|
127
PTC
PTC
$16.2B
| $90.5M | 0.07% |
657,410
+197,748
| +43% | +$26.3M |
|
|
SPLK
128
DELISTED
Splunk Inc
SPLK
| $90.4M | 0.07% |
667,452
-3,059,361
| -82% | -$477M |
|
129
AES
AES
$10.5B
| $89.8M | 0.07% |
3,348,983
| – | – |
|
130
FMC
FMC
$1.3B
| $89.7M | 0.07% |
811,220
-477,729
| -37% | -$52.9M |
|
131
McDonald's
MCD
$189B
| $89.2M | 0.07% |
397,854
+4,092
| +1% | +$875K |
|
132
D.R. Horton
DHI
$41B
| $88.6M | 0.06% |
994,128
-110,739
| -10% | -$8.67M |
|
|
MRSH
133
Marsh
MRSH
$92B
| $88.3M | 0.06% |
724,848
+147,373
| +26% | +$17M |
|
134
Freshpet
FRPT
$2.93B
| $88.1M | 0.06% |
554,782
+83,847
| +18% | +$12.6M |
|
135
Verizon
VZ
$198B
| $88.1M | 0.06% |
1,514,641
-494,055
| -25% | -$27.9M |
|
136
Globant
GLOB
$1.6B
| $88.1M | 0.06% |
424,156
+73,399
| +21% | +$15.6M |
|
137
Enbridge
ENB
$118B
| $86.8M | 0.06% |
2,382,348
-58,360
| -2% | -$2.05M |
|
138
American Water Works
AWK
$26.1B
| $86.7M | 0.06% |
578,520
+26,368
| +5% | +$4M |
|
139
Performance Food Group
PFGC
$18B
| $86.2M | 0.06% |
1,495,605
-166,285
| -10% | -$8.78M |
|
|
SUM
140
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $85M | 0.06% |
3,086,580
-487,914
| -14% | -$12.3M |
|
|
HZNP
141
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $84.8M | 0.06% |
921,026
+72,279
| +9% | +$6.1M |
|
142
Dow Inc
DOW
$21.6B
| $84.3M | 0.06% |
1,319,123
+290,486
| +28% | +$17.4M |
|
143
Avient
AVNT
$3.43B
| $84.1M | 0.06% |
1,779,279
-4,264
| -0.2% | -$190K |
|
144
Align Technology
ALGN
$12.4B
| $83.4M | 0.06% |
153,955
+25,316
| +20% | +$14M |
|
145
Cisco
CSCO
$457B
| $83.1M | 0.06% |
1,607,716
+1,247,749
| +347% | +$58.6M |
|
146
Quanta Services
PWR
$102B
| $82M | 0.06% |
931,604
-172,530
| -16% | -$13.7M |
|
|
TPTX
147
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $81.3M | 0.06% |
859,811
+27,215
| +3% | +$3.24M |
|
148
Molina Healthcare
MOH
$10.2B
| $80.9M | 0.06% |
346,153
-49,800
| -13% | -$11.1M |
|
149
FedEx
FDX
$73.1B
| $80.3M | 0.06% |
282,544
+15,537
| +6% | +$4M |
|
150
AbbVie
ABBV
$433B
| $79.9M | 0.06% |
737,871
+73,606
| +11% | +$7.87M |
|
Similar funds
Jennison Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Jennison Associates held 765 positions worth $137B, down 2.6% from $140B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Jennison Associates's Q1 2021 filing shows 126 new, 252 increased, 272 reduced and 104 closed positions. Its largest new stake was Snap: 38,849,947 shares worth $2.03B. The largest sale was Apple, an estimated $1.46B.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2021 buy was Snap: 38,849,947 shares worth $2.03B.
- Jennison Associates added most to Target in Q1 2021, an estimated $794M increase.
- Jennison Associates's biggest Q1 2021 reduction was Apple, cutting an estimated $1.46B.
- Jennison Associates fully exited SAP in Q1 2021, selling an estimated $58.7M.
- Jennison Associates's ten largest holdings make up 37% of its $137B portfolio in Q1 2021.
- Jennison Associates opened 126 new positions and closed 104 in Q1 2021.
- Jennison Associates's portfolio value fell 2.6% quarter-over-quarter to $137B.
Based on Jennison Associates's 13F filing for Q1 2021, filed 11 May 2021.