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 | |
|---|---|---|---|---|---|---|
126
Thermo Fisher Scientific
TMO
$213B
| $98.1M | 0.06% |
147,021
-110,033
| -43% | -$68.7M |
|
127
Alliant Energy
LNT
$18.3B
| $97.6M | 0.06% |
1,587,782
| – | – |
|
|
SGEN
128
DELISTED
Seagen Inc. Common Stock
SGEN
| $95.3M | 0.06% |
616,752
+289,382
| +88% | +$48.5M |
|
129
Procter & Gamble
PG
$336B
| $95.3M | 0.06% |
582,771
-1,956
| -0.3% | -$290K |
|
130
Ross Stores
ROST
$80.5B
| $94.8M | 0.06% |
829,731
-252,510
| -23% | -$28.2M |
|
131
Williams Companies
WMB
$87.5B
| $94.1M | 0.06% |
3,611,800
-2,462,610
| -41% | -$68.1M |
|
132
Xcel Energy
XEL
$48.8B
| $93.7M | 0.06% |
1,383,937
+566,630
| +69% | +$36.9M |
|
133
Avient
AVNT
$3.33B
| $92.6M | 0.06% |
1,654,843
-40,203
| -2% | -$2.2M |
|
134
CBRE Group
CBRE
$42.5B
| $91.8M | 0.06% |
845,581
+137,531
| +19% | +$14.1M |
|
135
Centene
CNC
$30.7B
| $89M | 0.06% |
+1,079,884
| New | +$79.1M |
|
136
Acadia Healthcare
ACHC
$2.76B
| $88.2M | 0.06% |
1,452,613
+171,576
| +13% | +$10.2M |
|
|
APLS
137
DELISTED
Apellis Pharmaceuticals
APLS
| $88M | 0.06% |
1,862,157
-216,688
| -10% | -$8.53M |
|
138
Progyny
PGNY
$2.44B
| $87.8M | 0.06% |
1,744,263
+113,521
| +7% | +$6.35M |
|
139
ASML
ASML
$626B
| $86.2M | 0.05% |
108,230
+7,766
| +8% | +$6.17M |
|
140
DT Midstream
DTM
$14.1B
| $84.9M | 0.05% |
1,768,757
+28,437
| +2% | +$1.36M |
|
141
American Water Works
AWK
$26.7B
| $84.6M | 0.05% |
448,184
-76
| -0% | -$13.3K |
|
142
SLM Corp
SLM
$4.89B
| $84.3M | 0.05% |
4,285,669
-9,125
| -0.2% | -$167K |
|
143
Brunswick
BC
$5.13B
| $84M | 0.05% |
834,132
-154,762
| -16% | -$15.1M |
|
144
Fortive
FTV
$17.9B
| $82.6M | 0.05% |
1,436,667
-6,422
| -0.4% | -$363K |
|
145
Independence Realty Trust
IRT
$3.92B
| $82M | 0.05% |
3,173,190
-470,648
| -13% | -$11.1M |
|
|
GLDD
146
DELISTED
Great Lakes Dredge & Dock
GLDD
| $81.6M | 0.05% |
5,191,686
-8,821
| -0.2% | -$134K |
|
147
Delta Air Lines
DAL
$57.5B
| $81.6M | 0.05% |
2,087,706
+5,836
| +0.3% | +$234K |
|
148
Palo Alto Networks
PANW
$270B
| $81.4M | 0.05% |
877,554
-2,724
| -0.3% | -$236K |
|
149
Royal Caribbean
RCL
$85.1B
| $80.8M | 0.05% |
1,050,342
-65,428
| -6% | -$5.31M |
|
150
AES
AES
$10.5B
| $80.4M | 0.05% |
3,306,712
| – | – |
|
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.