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 |
Snap
SNAP
|
+$2.23B |
| 2 |
Target
TGT
|
+$794M |
| 3 |
Eli Lilly
LLY
|
+$697M |
| 4 |
Mercado Libre
MELI
|
+$619M |
| 5 |
Airbnb
ABNB
|
+$527M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.46B |
| 2 |
Tesla
TSLA
|
+$1.04B |
| 3 |
Teladoc Health
TDOC
|
+$966M |
| 4 |
Home Depot
HD
|
+$741M |
| 5 |
Microsoft
MSFT
|
+$667M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.6% |
| 2 | Consumer Discretionary | 22.78% |
| 3 | Communication Services | 16.93% |
| 4 | Financials | 8.37% |
| 5 | Healthcare | 7.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FOLD
201
DELISTED
Amicus Therapeutics
FOLD
| $56.6M | 0.04% |
5,733,479
+1,030,896
| +22% | +$16M |
|
202
Pinterest
PINS
$13.5B
| $56.6M | 0.04% |
764,277
-164,027
| -18% | -$12.2M |
|
203
Devon Energy
DVN
$51.1B
| $55.7M | 0.04% |
+2,550,362
| New | +$52.5M |
|
204
Universal Display
OLED
$3.68B
| $55.1M | 0.04% |
232,673
+171,235
| +279% | +$39.6M |
|
205
Xcel Energy
XEL
$48.4B
| $55.1M | 0.04% |
828,243
| – | – |
|
206
RenaissanceRe
RNR
$13.3B
| $54.8M | 0.04% |
341,990
+116,599
| +52% | +$18.8M |
|
|
FOCS
207
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $54.8M | 0.04% |
1,315,636
+172,767
| +15% | +$8.36M |
|
208
Duke Energy
DUK
$96.6B
| $54.1M | 0.04% |
560,297
-412,904
| -42% | -$37.7M |
|
209
Varonis Systems
VRNS
$4.74B
| $53.9M | 0.04% |
1,049,317
-119,417
| -10% | -$7.08M |
|
210
Shift4
FOUR
$4.3B
| $53.2M | 0.04% |
649,182
-410,708
| -39% | -$32M |
|
211
Royal Caribbean
RCL
$86.7B
| $53.2M | 0.04% |
621,499
+192,688
| +45% | +$15.3M |
|
212
FIVE9
FIVN
$2.2B
| $53.1M | 0.04% |
339,929
+120,904
| +55% | +$20.7M |
|
213
Teleflex
TFX
$6.19B
| $53M | 0.04% |
127,496
+6,505
| +5% | +$2.6M |
|
214
Keysight
KEYS
$55.3B
| $52.3M | 0.04% |
364,961
+360,332
| +7,784% | +$51.1M |
|
|
BNR
215
Burning Rock Biotech
BNR
$94M
| $52.1M | 0.04% |
193,608
+11,226
| +6% | +$3.42M |
|
216
Bloomin' Brands
BLMN
$780M
| $51.5M | 0.04% |
1,903,022
+928,618
| +95% | +$22.5M |
|
217
Littelfuse
LFUS
$11.2B
| $51.3M | 0.04% |
193,876
+17,079
| +10% | +$4.55M |
|
218
Ametek
AME
$55.5B
| $51.2M | 0.04% |
400,972
+163,527
| +69% | +$19.7M |
|
219
Independence Realty Trust
IRT
$3.92B
| $50.5M | 0.04% |
3,323,462
+172,538
| +5% | +$2.45M |
|
220
Tower Semiconductor
TSEM
$26.8B
| $50.4M | 0.04% |
1,797,173
-31,262
| -2% | -$921K |
|
221
Lazard
LAZ
$4.15B
| $50.3M | 0.04% |
1,155,964
+204,540
| +21% | +$8.7M |
|
222
ON Semiconductor
ON
$31.9B
| $50.3M | 0.04% |
1,207,814
+387,048
| +47% | +$14.9M |
|
223
GFL Environmental
GFL
$15.1B
| $49.5M | 0.04% |
1,415,071
-15,654
| -1% | -$484K |
|
|
NVRO
224
DELISTED
NEVRO CORP.
NVRO
| $49.4M | 0.04% |
353,855
+5,647
| +2% | +$921K |
|
225
Palo Alto Networks
PANW
$280B
| $47.9M | 0.04% |
892,926
-79,440
| -8% | -$4.72M |
|
Similar funds
Jennison Associates's Q1 2021 Portfolio in Review
As of Q1 2021, Jennison Associates held 765 positions worth $137B, down 2.6% from $140B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Jennison Associates's Q1 2021 filing shows 126 new, 252 increased, 272 reduced and 104 closed positions. Its largest new stake was Snap: 38,849,947 shares worth $2.03B. The largest sale was Apple, an estimated $1.46B.
By sector, the portfolio is most concentrated in Technology at 34% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2021 buy was Snap: 38,849,947 shares worth $2.03B.
- Jennison Associates added most to Target in Q1 2021, an estimated $794M increase.
- Jennison Associates's biggest Q1 2021 reduction was Apple, cutting an estimated $1.46B.
- Jennison Associates fully exited SAP in Q1 2021, selling an estimated $58.7M.
- Jennison Associates's ten largest holdings make up 37% of its $137B portfolio in Q1 2021.
- Jennison Associates opened 126 new positions and closed 104 in Q1 2021.
- Jennison Associates's portfolio value fell 2.6% quarter-over-quarter to $137B.
Based on Jennison Associates's 13F filing for Q1 2021, filed 11 May 2021.