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 | |
|---|---|---|---|---|---|---|
151
AES
AES
$10.5B
| $75.5M | 0.05% |
3,306,712
| – | – |
|
152
ASML
ASML
$626B
| $74.9M | 0.05% |
100,464
+62,057
| +162% | +$48.8M |
|
153
Freshpet
FRPT
$2.93B
| $74.5M | 0.05% |
522,382
-14,747
| -3% | -$2.11M |
|
154
Exelon
EXC
$47.2B
| $74.5M | 0.05% |
2,161,138
+544,947
| +34% | +$18.6M |
|
155
Independence Realty Trust
IRT
$3.92B
| $74.2M | 0.05% |
3,643,838
+390,615
| +12% | +$7.76M |
|
156
Bumble
BMBL
$372M
| $73.8M | 0.05% |
1,477,494
| – | – |
|
157
Devon Energy
DVN
$52.1B
| $73.6M | 0.05% |
2,071,588
-194,763
| -9% | -$5.52M |
|
158
Cigna
CI
$73.7B
| $71.4M | 0.05% |
356,535
-249,517
| -41% | -$54.3M |
|
159
Natera
NTRA
$38.3B
| $71.3M | 0.05% |
639,492
+15,990
| +3% | +$1.83M |
|
160
Palo Alto Networks
PANW
$270B
| $70.3M | 0.05% |
880,278
+4,314
| +0.5% | +$303K |
|
161
Entergy
ETR
$50.2B
| $69.5M | 0.04% |
1,400,064
| – | – |
|
|
SUM
162
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $69.4M | 0.04% |
2,206,833
-45,338
| -2% | -$1.48M |
|
163
Enovis
ENOV
$1.68B
| $69.2M | 0.04% |
876,056
-3,560
| -0.4% | -$286K |
|
164
CBRE Group
CBRE
$42.5B
| $68.9M | 0.04% |
708,050
+181,089
| +34% | +$16.8M |
|
|
APLS
165
DELISTED
Apellis Pharmaceuticals
APLS
| $68.5M | 0.04% |
2,078,845
-370,679
| -15% | -$20.8M |
|
166
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $67.8M | 0.04% |
720,132
-23,300
| -3% | -$2.14M |
|
167
American Tower
AMT
$80.8B
| $67.1M | 0.04% |
252,919
-26
| -0% | -$7.41K |
|
168
Tandem Diabetes Care
TNDM
$1.34B
| $67M | 0.04% |
560,883
+27,914
| +5% | +$3.08M |
|
169
ON Semiconductor
ON
$31.8B
| $66.9M | 0.04% |
1,462,546
+268,968
| +23% | +$11.5M |
|
170
Deere & Co
DE
$160B
| $66.7M | 0.04% |
199,137
-53,601
| -21% | -$19.3M |
|
171
Zurn Elkay Water Solutions
ZWS
$8.38B
| $66.6M | 0.04% |
2,151,905
-967,248
| -31% | -$27.1M |
|
|
CTLT
172
DELISTED
CATALENT, INC.
CTLT
| $66M | 0.04% |
495,995
+118,563
| +31% | +$14.8M |
|
173
Apollo Global Management
APO
$72.4B
| $64.9M | 0.04% |
1,054,082
+148,152
| +16% | +$8.9M |
|
174
American Electric Power
AEP
$69.6B
| $64.4M | 0.04% |
793,662
| – | – |
|
175
JB Hunt Transport Services
JBHT
$25.5B
| $64.1M | 0.04% |
383,551
-70,414
| -16% | -$12M |
|
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.