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 | |
|---|---|---|---|---|---|---|
201
Gartner
IT
$10.1B
| $56M | 0.04% |
167,405
-40,619
| -20% | -$13.1M |
|
202
Ferrari
RACE
$69.2B
| $55.7M | 0.04% |
215,186
+30,623
| +17% | +$7.54M |
|
203
Citi Trends
CTRN
$555M
| $55.7M | 0.04% |
587,715
+161,998
| +38% | +$12.9M |
|
204
Eversource Energy
ES
$26.9B
| $55.4M | 0.04% |
609,104
-166
| -0% | -$14.3K |
|
205
Darling Ingredients
DAR
$9.64B
| $55.4M | 0.04% |
799,091
+111,337
| +16% | +$8.09M |
|
206
Varonis Systems
VRNS
$4.59B
| $55.3M | 0.04% |
1,133,491
+124,609
| +12% | +$7.1M |
|
207
Aptiv
APTV
$12B
| $55.1M | 0.04% |
334,319
+997
| +0.3% | +$166K |
|
208
Shift4
FOUR
$4.2B
| $54.8M | 0.03% |
945,990
+212,922
| +29% | +$13.5M |
|
209
Amphenol
APH
$198B
| $54.7M | 0.03% |
1,251,748
-265,704
| -18% | -$10.8M |
|
210
HEICO Corp
HEI
$49.8B
| $54.4M | 0.03% |
377,179
+89,554
| +31% | +$12.6M |
|
211
Duke Energy
DUK
$97.8B
| $54.4M | 0.03% |
518,286
-470,719
| -48% | -$47.7M |
|
212
Universal Display
OLED
$3.68B
| $53.2M | 0.03% |
322,442
+56,137
| +21% | +$9.26M |
|
213
Azenta
AZTA
$1.3B
| $53.1M | 0.03% |
514,959
-21,145
| -4% | -$2.29M |
|
|
PACW
214
DELISTED
PacWest Bancorp
PACW
| $52.8M | 0.03% |
1,167,954
+82,195
| +8% | +$3.83M |
|
215
Gaming and Leisure Properties
GLPI
$12.7B
| $52M | 0.03% |
1,068,726
+144,523
| +16% | +$6.87M |
|
216
Devon Energy
DVN
$52.1B
| $51.6M | 0.03% |
1,171,201
-900,387
| -43% | -$37.4M |
|
217
Lazard
LAZ
$4.13B
| $51.5M | 0.03% |
1,180,501
+5,824
| +0.5% | +$272K |
|
218
Wintrust Financial
WTFC
$10.8B
| $51.5M | 0.03% |
566,948
-139,998
| -20% | -$12.5M |
|
|
AAMI
219
Acadian Asset Management
AAMI
$3.08B
| $51M | 0.03% |
1,992,180
-1,650,344
| -45% | -$46.4M |
|
|
HOLX
220
DELISTED
Hologic
HOLX
| $51M | 0.03% |
665,696
-10,393
| -2% | -$764K |
|
|
BRDG
221
DELISTED
Bridge Investment Group
BRDG
| $50.5M | 0.03% |
2,021,512
+184,656
| +10% | +$3.69M |
|
222
Marvell Technology
MRVL
$168B
| $49.9M | 0.03% |
569,789
-447,907
| -44% | -$33.5M |
|
223
Bloomin' Brands
BLMN
$741M
| $49.8M | 0.03% |
2,372,257
+10,740
| +0.5% | +$227K |
|
|
NSA
224
DELISTED
National Storage Affiliates Trust
NSA
| $49.6M | 0.03% |
716,596
-37,204
| -5% | -$2.3M |
|
225
BioMarin Pharmaceuticals
BMRN
$11.6B
| $48.8M | 0.03% |
+552,544
| New | +$45.6M |
|
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.