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 | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.44T
| $9.45B | 6.26% |
54,962,960
+8,060
| +0% | +$1.34M |
|
2
Tesla
TSLA
$1.18T
| $7.02B | 4.65% |
30,997,239
-1,222,755
| -4% | -$265M |
|
|
3
Apple
AAPL
$4.97T
| $6.74B | 4.47% |
49,235,544
-6,243,689
| -11% | -$809M |
|
4
Shopify
SHOP
$168B
| $6.74B | 4.47% |
46,152,210
-361,940
| -0.8% | -$44.6M |
|
5
NVIDIA
NVDA
$4.6T
| $5.96B | 3.95% |
298,092,760
+12,090,840
| +4% | +$194M |
|
6
Microsoft
MSFT
$2.9T
| $5.34B | 3.54% |
19,694,433
-605,554
| -3% | -$154M |
|
7
Meta Platforms (Facebook)
META
$1.49T
| $4.73B | 3.14% |
13,617,291
-1,282,403
| -9% | -$411M |
|
|
8
Alphabet (Google) Class A
GOOGL
$4.12T
| $4.26B | 2.82% |
34,856,600
+6,122,920
| +21% | +$715M |
|
9
Adobe
ADBE
$105B
| $3.89B | 2.58% |
6,639,024
+202,148
| +3% | +$104M |
|
|
10
Alphabet (Google) Class C
GOOG
$4.11T
| $3.45B | 2.29% |
27,527,560
-317,760
| -1% | -$37.9M |
|
11
Netflix
NFLX
$307B
| $3.45B | 2.29% |
65,304,100
-7,867,540
| -11% | -$402M |
|
12
Match Group
MTCH
$9.19B
| $3.25B | 2.15% |
20,152,966
-2,776,409
| -12% | -$407M |
|
13
Visa
V
$677B
| $3.04B | 2.01% |
12,990,360
-4,592
| -0% | -$1.05M |
|
14
PayPal
PYPL
$49.9B
| $2.94B | 1.95% |
10,079,909
-786,475
| -7% | -$208M |
|
15
Snap
SNAP
$7.96B
| $2.81B | 1.86% |
41,204,701
+2,354,754
| +6% | +$141M |
|
16
Twilio
TWLO
$28.6B
| $2.67B | 1.77% |
6,764,711
-1,087,805
| -14% | -$378M |
|
|
XYZ
17
Block Inc
XYZ
$48.9B
| $2.6B | 1.73% |
10,679,245
+998,909
| +10% | +$232M |
|
18
Mercado Libre
MELI
$94.5B
| $2.33B | 1.54% |
1,495,026
-25,284
| -2% | -$37.1M |
|
19
Uber
UBER
$145B
| $2.27B | 1.51% |
45,325,448
-1,397,052
| -3% | -$73M |
|
20
Estee Lauder
EL
$30.4B
| $2.26B | 1.5% |
7,118,071
-135,567
| -2% | -$41.1M |
|
21
Nike
NKE
$64.1B
| $2.26B | 1.5% |
14,617,627
-3,081,718
| -17% | -$415M |
|
|
22
CrowdStrike
CRWD
$183B
| $2.24B | 1.48% |
35,614,176
+11,568,032
| +48% | +$622M |
|
23
Mastercard
MA
$498B
| $2.16B | 1.43% |
5,921,078
+676,710
| +13% | +$252M |
|
|
24
Eli Lilly
LLY
$1.08T
| $2.05B | 1.36% |
8,910,995
+3,470,858
| +64% | +$697M |
|
25
Salesforce
CRM
$154B
| $2.04B | 1.35% |
8,359,656
+95,530
| +1% | +$22M |
|
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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.