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 | 33.65% |
| 2 | Consumer Discretionary | 22.78% |
| 3 | Communication Services | 16.93% |
| 4 | Financials | 8.39% |
| 5 | Healthcare | 7.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $8.5B | 6.22% |
54,954,900
-3,265,600
| -6% | -$518M |
|
|
2
Tesla
TSLA
$1.38T
| $7.17B | 5.25% |
32,219,994
-4,144,752
| -11% | -$1.04B |
|
|
3
Apple
AAPL
$4.67T
| $6.78B | 4.96% |
55,479,233
-11,401,748
| -17% | -$1.46B |
|
4
Shopify
SHOP
$197B
| $5.15B | 3.77% |
46,514,150
+3,616,250
| +8% | +$437M |
|
|
5
Microsoft
MSFT
$3.81T
| $4.79B | 3.5% |
20,299,987
-2,875,372
| -12% | -$667M |
|
6
Meta Platforms (Facebook)
META
$1.47T
| $4.39B | 3.21% |
14,899,694
-1,010,160
| -6% | -$272M |
|
7
NVIDIA
NVDA
$5.25T
| $3.82B | 2.79% |
286,001,920
-6,054,560
| -2% | -$81.4M |
|
8
Netflix
NFLX
$340B
| $3.82B | 2.79% |
73,171,640
-8,206,400
| -10% | -$435M |
|
9
Match Group
MTCH
$9.54B
| $3.15B | 2.31% |
22,929,375
+1,022,158
| +5% | +$154M |
|
10
Adobe
ADBE
$116B
| $3.06B | 2.24% |
6,436,876
-653,165
| -9% | -$305M |
|
11
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.96B | 2.17% |
28,733,680
+3,956,760
| +16% | +$390M |
|
|
12
Alphabet (Google) Class C
GOOG
$4.19T
| $2.88B | 2.11% |
27,845,320
+4,313,260
| +18% | +$428M |
|
13
Visa
V
$712B
| $2.75B | 2.01% |
12,994,952
-527,939
| -4% | -$111M |
|
14
Twilio
TWLO
$36.5B
| $2.68B | 1.96% |
7,852,516
-163,886
| -2% | -$61.4M |
|
15
PayPal
PYPL
$45.9B
| $2.64B | 1.93% |
10,866,384
-2,363,433
| -18% | -$597M |
|
16
Uber
UBER
$161B
| $2.55B | 1.86% |
46,722,500
+6,204,252
| +15% | +$346M |
|
17
Nike
NKE
$58.7B
| $2.35B | 1.72% |
17,699,345
-2,746,718
| -13% | -$382M |
|
|
18
Mercado Libre
MELI
$99.7B
| $2.24B | 1.64% |
1,520,310
+364,854
| +32% | +$619M |
|
|
XYZ
19
Block Inc
XYZ
$50.2B
| $2.2B | 1.61% |
9,680,336
+1,085,690
| +13% | +$254M |
|
20
Estee Lauder
EL
$37.4B
| $2.11B | 1.54% |
7,253,638
+1,082,078
| +18% | +$296M |
|
|
21
Snap
SNAP
$9.18B
| $2.03B | 1.49% |
+38,849,947
| New | +$2.23B |
|
22
Mastercard
MA
$521B
| $1.87B | 1.37% |
5,244,368
-1,064,952
| -17% | -$372M |
|
23
Salesforce
CRM
$211B
| $1.75B | 1.28% |
8,264,126
-1,716,464
| -17% | -$382M |
|
24
lululemon athletica
LULU
$13.7B
| $1.72B | 1.26% |
5,592,748
-1,499,354
| -21% | -$492M |
|
25
TSMC
TSM
$2.17T
| $1.6B | 1.17% |
13,534,561
+3,839,316
| +40% | +$476M |
|
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.