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 | 34.59% |
| 2 | Consumer Discretionary | 21.74% |
| 3 | Communication Services | 16.85% |
| 4 | Financials | 8.74% |
| 5 | Healthcare | 7.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Quanta Services
PWR
$93.5B
| $65.6M | 0.04% |
724,061
-207,543
| -22% | -$19.5M |
|
|
FOCS
177
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $64.7M | 0.04% |
1,334,647
+19,011
| +1% | +$917K |
|
178
Fate Therapeutics
FATE
$280M
| $64.6M | 0.04% |
743,992
| – | – |
|
179
10x Genomics
TXG
$9.13B
| $64.5M | 0.04% |
329,620
-80,398
| -20% | -$14.6M |
|
180
Cognex
CGNX
$10.1B
| $63.6M | 0.04% |
757,015
-32,773
| -4% | -$2.65M |
|
|
EVBG
181
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $63.1M | 0.04% |
463,535
-22,487
| -5% | -$2.81M |
|
182
Universal Display
OLED
$3.52B
| $62.8M | 0.04% |
282,433
+49,760
| +21% | +$10.9M |
|
183
Progyny
PGNY
$2.14B
| $62.6M | 0.04% |
1,060,977
+593,429
| +127% | +$33.3M |
|
184
Marvell Technology
MRVL
$197B
| $62.2M | 0.04% |
1,066,467
-200,759
| -16% | -$9.81M |
|
|
BAND
185
Bandwidth Inc
BAND
$1.58B
| $61.9M | 0.04% |
449,140
-21,024
| -4% | -$2.64M |
|
186
Jazz Pharmaceuticals
JAZZ
$16B
| $61.4M | 0.04% |
345,906
+107,834
| +45% | +$18.7M |
|
187
O'Reilly Automotive
ORLY
$70.6B
| $61.3M | 0.04% |
1,623,045
-55,320
| -3% | -$1.98M |
|
188
FIVE9
FIVN
$2.37B
| $61.1M | 0.04% |
333,197
-6,732
| -2% | -$1.16M |
|
189
WEX
WEX
$6.84B
| $60.6M | 0.04% |
312,666
+124,789
| +66% | +$25.6M |
|
190
Varonis Systems
VRNS
$5.45B
| $59.9M | 0.04% |
1,038,886
-10,431
| -1% | -$543K |
|
191
Independence Realty Trust
IRT
$3.62B
| $59.3M | 0.04% |
3,253,223
-70,239
| -2% | -$1.19M |
|
192
Comcast
CMCSA
$88.3B
| $59.2M | 0.04% |
1,038,328
+417,656
| +67% | +$23.4M |
|
193
Lazard
LAZ
$3.87B
| $59.2M | 0.04% |
1,307,504
+151,540
| +13% | +$6.95M |
|
|
TPTX
194
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $58.8M | 0.04% |
753,860
-105,951
| -12% | -$7.83M |
|
195
MACOM Technology Solutions
MTSI
$18.3B
| $58.2M | 0.04% |
907,969
+169,905
| +23% | +$9.86M |
|
196
BioNTech
BNTX
$24.8B
| $58M | 0.04% |
258,855
-39,700
| -13% | -$7.49M |
|
197
Enbridge
ENB
$105B
| $57.9M | 0.04% |
1,446,325
-936,023
| -39% | -$36.2M |
|
|
RVNC
198
DELISTED
Revance Therapeutics, Inc.
RVNC
| $57.6M | 0.04% |
1,942,580
-158,403
| -8% | -$4.57M |
|
199
Emerson Electric
EMR
$82.7B
| $57.4M | 0.04% |
595,975
+103,139
| +21% | +$9.7M |
|
200
Alcon
ALC
$32.7B
| $57.2M | 0.04% |
817,013
-236,248
| -22% | -$16.8M |
|
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.