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 | 34.56% |
| 2 | Consumer Discretionary | 21.74% |
| 3 | Communication Services | 16.85% |
| 4 | Financials | 8.71% |
| 5 | Healthcare | 7.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Chewy
CHWY
$9.54B
| $57.1M | 0.04% |
715,936
-2,166,970
| -75% | -$168M |
|
202
Entegris
ENTG
$16.3B
| $56.5M | 0.04% |
459,603
+168,442
| +58% | +$19.4M |
|
203
Bankunited
BKU
$3.33B
| $56.5M | 0.04% |
1,323,110
-299,497
| -18% | -$13.7M |
|
204
Bloomin' Brands
BLMN
$754M
| $56.4M | 0.04% |
2,077,685
+174,663
| +9% | +$4.94M |
|
205
JELD-WEN Holding
JELD
$110M
| $56.4M | 0.04% |
2,147,174
-10,455
| -0.5% | -$296K |
|
206
Apollo Global Management
APO
$69B
| $56.3M | 0.04% |
905,930
+114,026
| +14% | +$6.32M |
|
207
Keysight
KEYS
$50.7B
| $56.2M | 0.04% |
363,665
-1,296
| -0.4% | -$188K |
|
208
Agilent Technologies
A
$39.6B
| $56M | 0.04% |
379,077
-88,040
| -19% | -$12M |
|
209
Nordson
NDSN
$16.4B
| $55.8M | 0.04% |
254,085
+69,234
| +37% | +$14.7M |
|
|
FOLD
210
DELISTED
Amicus Therapeutics
FOLD
| $55.5M | 0.04% |
5,761,685
+28,206
| +0.5% | +$275K |
|
211
Amphenol
APH
$185B
| $55.1M | 0.04% |
1,611,334
-222,584
| -12% | -$7.51M |
|
|
SWAV
212
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $54.9M | 0.04% |
289,588
-237,326
| -45% | -$38.8M |
|
213
Palo Alto Networks
PANW
$256B
| $54.2M | 0.04% |
875,964
-16,962
| -2% | -$1M |
|
214
Xcel Energy
XEL
$49.2B
| $53.8M | 0.04% |
817,307
-10,936
| -1% | -$761K |
|
215
Tower Semiconductor
TSEM
$21.2B
| $52.6M | 0.03% |
1,787,498
-9,675
| -0.5% | -$272K |
|
216
Ametek
AME
$53.9B
| $52.5M | 0.03% |
393,437
-7,535
| -2% | -$1.01M |
|
217
Tandem Diabetes Care
TNDM
$1.27B
| $51.9M | 0.03% |
532,969
+16,035
| +3% | +$1.43M |
|
218
Jack in the Box
JACK
$314M
| $51.4M | 0.03% |
461,095
-139,841
| -23% | -$16.4M |
|
219
Exelon
EXC
$48.1B
| $51.1M | 0.03% |
+1,616,191
| New | +$52M |
|
220
nLIGHT
LASR
$3.33B
| $50.9M | 0.03% |
1,403,426
-9,624
| -0.7% | -$287K |
|
221
Enviri
NVRI
$624M
| $50.4M | 0.03% |
2,469,154
+4,792
| +0.2% | +$98.8K |
|
|
BNR
222
Burning Rock Biotech
BNR
$93M
| $50.1M | 0.03% |
169,981
-23,627
| -12% | -$6.99M |
|
223
Enphase Energy
ENPH
$4.63B
| $49.8M | 0.03% |
271,360
+2,978
| +1% | +$437K |
|
224
Cousins Properties
CUZ
$5.31B
| $49M | 0.03% |
1,332,355
+126,818
| +11% | +$4.66M |
|
225
SBA Communications
SBAC
$19.8B
| $48.8M | 0.03% |
153,125
+91,269
| +148% | +$27.4M |
|
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.