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 | |
|---|---|---|---|---|---|---|
|
ACC
151
DELISTED
American Campus Communities, Inc.
ACC
| $82.4M | 0.05% |
1,764,117
-53,036
| -3% | -$2.46M |
|
152
Littelfuse
LFUS
$10.4B
| $82.2M | 0.05% |
322,439
+128,563
| +66% | +$33.5M |
|
153
Burlington
BURL
$23.4B
| $82.1M | 0.05% |
255,010
-12,107
| -5% | -$3.85M |
|
154
Acadia Healthcare
ACHC
$2.55B
| $78.7M | 0.05% |
1,254,781
+48,204
| +4% | +$3.02M |
|
155
Ares Management
ARES
$28.1B
| $77.3M | 0.05% |
1,215,703
+106,430
| +10% | +$5.95M |
|
|
SUM
156
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $77.2M | 0.05% |
2,252,171
-834,409
| -27% | -$26.3M |
|
|
GLDD
157
DELISTED
Great Lakes Dredge & Dock
GLDD
| $76.2M | 0.05% |
5,214,263
-101,124
| -2% | -$1.49M |
|
158
Zurn Elkay Water Solutions
ZWS
$8.55B
| $75.2M | 0.05% |
3,119,153
-35,865
| -1% | -$862K |
|
159
Delta Air Lines
DAL
$56.7B
| $74.9M | 0.05% |
1,731,030
+361,043
| +26% | +$16.7M |
|
160
Fortive
FTV
$18B
| $74.3M | 0.05% |
1,413,426
+220,489
| +18% | +$11.9M |
|
161
JB Hunt Transport Services
JBHT
$25.9B
| $74M | 0.05% |
453,965
+31,943
| +8% | +$5.39M |
|
162
United Rentals
URI
$65.7B
| $73.9M | 0.05% |
231,680
-56,831
| -20% | -$18.4M |
|
163
Thermo Fisher Scientific
TMO
$214B
| $73.1M | 0.05% |
144,897
+127,702
| +743% | +$60.3M |
|
164
Natera
NTRA
$36.4B
| $70.8M | 0.05% |
623,502
-513,394
| -45% | -$52.5M |
|
165
Entergy
ETR
$50.3B
| $69.8M | 0.05% |
1,400,064
-18,734
| -1% | -$988K |
|
166
Enovis
ENOV
$1.74B
| $69.4M | 0.05% |
879,616
-43,031
| -5% | -$3.29M |
|
|
NVRO
167
DELISTED
NEVRO CORP.
NVRO
| $68.6M | 0.05% |
413,975
+60,120
| +17% | +$9.38M |
|
168
American Tower
AMT
$83.5B
| $68.3M | 0.05% |
252,945
-339,484
| -57% | -$86.5M |
|
169
Pinterest
PINS
$13.7B
| $68.2M | 0.05% |
863,690
+99,413
| +13% | +$6.93M |
|
|
COUP
170
DELISTED
Coupa Software Incorporated
COUP
| $67.9M | 0.05% |
259,076
-2,119,011
| -89% | -$525M |
|
171
FMC
FMC
$1.25B
| $67.6M | 0.04% |
625,101
-186,119
| -23% | -$21.5M |
|
172
Kontoor Brands
KTB
$4.71B
| $67.5M | 0.04% |
1,197,427
-62,545
| -5% | -$3.84M |
|
173
American Electric Power
AEP
$70.4B
| $67.1M | 0.04% |
793,662
-10,619
| -1% | -$914K |
|
174
Devon Energy
DVN
$51.3B
| $66.2M | 0.04% |
2,266,351
-284,011
| -11% | -$7.34M |
|
175
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $65.6M | 0.04% |
743,432
-100,146
| -12% | -$8.96M |
|
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.