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 | |
|---|---|---|---|---|---|---|
151
Five Below
FIVE
$12B
| $80.2M | 0.05% |
387,670
-59,444
| -13% | -$11.7M |
|
152
Entergy
ETR
$50.2B
| $78.9M | 0.05% |
1,400,064
| – | – |
|
153
Stryker
SYK
$125B
| $78.8M | 0.05% |
294,819
+148,639
| +102% | +$39M |
|
154
Cigna
CI
$73.7B
| $77.6M | 0.05% |
337,803
-18,732
| -5% | -$3.98M |
|
155
NiSource
NI
$21.3B
| $76.8M | 0.05% |
2,781,755
+1,326,631
| +91% | +$33.7M |
|
156
Apollo Global Management
APO
$72.4B
| $76.8M | 0.05% |
1,060,060
+5,978
| +0.6% | +$431K |
|
157
Ametek
AME
$55.4B
| $76.1M | 0.05% |
517,832
+42,803
| +9% | +$5.86M |
|
|
FOCS
158
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $76M | 0.05% |
1,272,007
-184,888
| -13% | -$11.5M |
|
159
WillScot Mobile Mini Holdings
WSC
$4.39B
| $75.5M | 0.05% |
1,848,649
-1,455,368
| -44% | -$53.7M |
|
160
AXIS Capital
AXS
$7.68B
| $75.2M | 0.05% |
1,380,610
+243,693
| +21% | +$12.6M |
|
|
ACC
161
DELISTED
American Campus Communities, Inc.
ACC
| $74.7M | 0.05% |
1,304,326
-265,329
| -17% | -$14.2M |
|
162
Dow Inc
DOW
$21.9B
| $74.7M | 0.05% |
1,316,435
-46,392
| -3% | -$2.65M |
|
|
NVO
163
Novo Nordisk
NVO
$208B
| $74.5M | 0.05% |
1,330,356
+353,994
| +36% | +$19.2M |
|
|
SUM
164
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $73.9M | 0.05% |
1,872,838
-333,995
| -15% | -$12.2M |
|
165
Deere & Co
DE
$160B
| $73.8M | 0.05% |
215,331
+16,194
| +8% | +$5.63M |
|
166
MACOM Technology Solutions
MTSI
$19.2B
| $73.6M | 0.05% |
940,478
-10,695
| -1% | -$771K |
|
|
CTLT
167
DELISTED
CATALENT, INC.
CTLT
| $73.6M | 0.05% |
574,982
+78,987
| +16% | +$10.1M |
|
168
Century Communities
CCS
$1.91B
| $72.6M | 0.05% |
888,164
+19,750
| +2% | +$1.41M |
|
169
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $71.3M | 0.05% |
746,636
+26,504
| +4% | +$2.59M |
|
170
Tower Semiconductor
TSEM
$24.8B
| $70M | 0.04% |
1,765,093
-29,137
| -2% | -$1.01M |
|
171
FedEx
FDX
$72.7B
| $69.8M | 0.04% |
269,713
-6,723
| -2% | -$1.61M |
|
172
United Rentals
URI
$67.2B
| $69.4M | 0.04% |
208,958
-18,462
| -8% | -$6.58M |
|
|
NARI
173
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $69M | 0.04% |
755,477
+480,150
| +174% | +$41.1M |
|
174
PG&E
PCG
$38.3B
| $68.5M | 0.04% |
5,645,606
+2,277,166
| +68% | +$26.7M |
|
175
Hilton Worldwide
HLT
$72.1B
| $68.5M | 0.04% |
438,867
+37,958
| +9% | +$5.47M |
|
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.