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 | |
|---|---|---|---|---|---|---|
176
GFL Environmental
GFL
$14.9B
| $68M | 0.04% |
1,796,103
-254,122
| -12% | -$9.89M |
|
177
RenaissanceRe
RNR
$13.3B
| $65M | 0.04% |
384,157
+34,907
| +10% | +$5.47M |
|
178
JB Hunt Transport Services
JBHT
$25.5B
| $63.9M | 0.04% |
312,801
-70,750
| -18% | -$13.6M |
|
179
Enovis
ENOV
$1.68B
| $63.6M | 0.04% |
803,196
-72,860
| -8% | -$6.09M |
|
|
EFOR
180
Everforth Inc
EFOR
$1.17B
| $63.4M | 0.04% |
513,690
-8,345
| -2% | -$1.02M |
|
|
SMAR
181
DELISTED
Smartsheet Inc.
SMAR
| $63.3M | 0.04% |
817,534
-23,395
| -3% | -$1.63M |
|
182
Ryan Specialty Holdings
RYAN
$5.72B
| $63.3M | 0.04% |
1,567,952
+836,443
| +114% | +$31.7M |
|
183
Outset Medical
OM
$84.7M
| $63M | 0.04% |
91,181
+23,770
| +35% | +$17.6M |
|
184
Fluence Energy
FLNC
$1.85B
| $62.9M | 0.04% |
+1,767,561
| New | +$60.3M |
|
185
Trinity Industries
TRN
$2.49B
| $62.6M | 0.04% |
2,073,956
+873,268
| +73% | +$24.9M |
|
186
Burlington
BURL
$23.2B
| $62.2M | 0.04% |
213,535
-6,815
| -3% | -$1.92M |
|
|
FOLD
187
DELISTED
Amicus Therapeutics
FOLD
| $62.2M | 0.04% |
5,385,270
-285,771
| -5% | -$3.18M |
|
188
Zurn Elkay Water Solutions
ZWS
$8.38B
| $62.1M | 0.04% |
1,705,396
-446,509
| -21% | -$16.1M |
|
189
Lennar Class A
LEN
$19.8B
| $61.8M | 0.04% |
549,955
+18,868
| +4% | +$1.93M |
|
190
Kontoor Brands
KTB
$4.63B
| $61.3M | 0.04% |
1,195,649
-10,497
| -0.9% | -$563K |
|
191
O'Reilly Automotive
ORLY
$72.9B
| $60.7M | 0.04% |
1,288,470
+47,175
| +4% | +$2.04M |
|
192
JELD-WEN Holding
JELD
$122M
| $59.8M | 0.04% |
2,270,208
-12,616
| -0.6% | -$327K |
|
193
Texas Instruments
TXN
$252B
| $59.8M | 0.04% |
317,351
-926,797
| -74% | -$178M |
|
194
Nordson
NDSN
$16.6B
| $59.4M | 0.04% |
232,656
-34,285
| -13% | -$8.77M |
|
195
Grid Dynamics Holdings
GDYN
$559M
| $59.2M | 0.04% |
1,559,112
-37,433
| -2% | -$1.29M |
|
196
Natera
NTRA
$38.3B
| $58.8M | 0.04% |
629,603
-9,889
| -2% | -$1.03M |
|
197
Cousins Properties
CUZ
$5.19B
| $58.8M | 0.04% |
1,459,730
-10,986
| -0.7% | -$432K |
|
198
MaxLinear
MXL
$6.06B
| $57M | 0.04% |
756,490
-3,994
| -0.5% | -$256K |
|
199
Enbridge
ENB
$119B
| $56.4M | 0.04% |
1,443,645
+22,095
| +2% | +$886K |
|
200
Bankunited
BKU
$3.37B
| $56M | 0.04% |
1,323,115
-5,798
| -0.4% | -$243K |
|
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.