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 |
BioNTech
BNTX
|
+$1.21B |
| 2 |
Sea Limited
SE
|
+$842M |
| 3 |
Okta
OKTA
|
+$819M |
| 4 |
XYZ
Block Inc
XYZ
|
+$749M |
| 5 |
Mercado Libre
MELI
|
+$656M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$929M |
| 2 |
Union Pacific
UNP
|
+$677M |
| 3 |
Spotify
SPOT
|
+$575M |
| 4 |
RingCentral
RNG
|
+$499M |
| 5 |
Amazon
AMZN
|
+$468M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.98% |
| 2 | Consumer Discretionary | 23.1% |
| 3 | Communication Services | 15.59% |
| 4 | Healthcare | 8.54% |
| 5 | Financials | 8.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.44T
| $8.58B | 5.55% |
52,248,200
-2,714,760
| -5% | -$468M |
|
2
Tesla
TSLA
$1.18T
| $8.24B | 5.33% |
31,891,017
+893,778
| +3% | +$210M |
|
3
Apple
AAPL
$4.97T
| $6.85B | 4.43% |
48,442,045
-793,499
| -2% | -$117M |
|
4
Shopify
SHOP
$168B
| $6.28B | 4.06% |
46,318,210
+166,000
| +0.4% | +$24.9M |
|
5
NVIDIA
NVDA
$4.6T
| $6.15B | 3.97% |
296,724,230
-1,368,530
| -0.5% | -$28.4M |
|
6
Microsoft
MSFT
$2.9T
| $5.67B | 3.67% |
20,121,553
+427,120
| +2% | +$124M |
|
7
Alphabet (Google) Class A
GOOGL
$4.12T
| $4.64B | 3% |
34,689,100
-167,500
| -0.5% | -$22.8M |
|
8
Meta Platforms (Facebook)
META
$1.49T
| $4.23B | 2.73% |
12,454,952
-1,162,339
| -9% | -$419M |
|
9
Adobe
ADBE
$105B
| $3.89B | 2.52% |
6,760,780
+121,756
| +2% | +$76.6M |
|
10
Netflix
NFLX
$307B
| $3.82B | 2.47% |
62,577,620
-2,726,480
| -4% | -$150M |
|
|
11
Alphabet (Google) Class C
GOOG
$4.11T
| $3.66B | 2.37% |
27,495,780
-31,780
| -0.1% | -$4.38M |
|
12
Snap
SNAP
$7.96B
| $3.33B | 2.15% |
45,038,008
+3,833,307
| +9% | +$277M |
|
|
XYZ
13
Block Inc
XYZ
$48.9B
| $3.26B | 2.11% |
13,593,935
+2,914,690
| +27% | +$749M |
|
|
14
Mercado Libre
MELI
$94.5B
| $3.15B | 2.03% |
1,873,862
+378,836
| +25% | +$656M |
|
15
Visa
V
$677B
| $3.05B | 1.97% |
13,685,603
+695,243
| +5% | +$163M |
|
16
Atlassian
TEAM
$26.5B
| $2.88B | 1.86% |
7,358,030
+463,657
| +7% | +$155M |
|
17
Salesforce
CRM
$154B
| $2.63B | 1.7% |
9,712,251
+1,352,595
| +16% | +$344M |
|
18
PayPal
PYPL
$49.9B
| $2.35B | 1.52% |
9,046,655
-1,033,254
| -10% | -$293M |
|
19
Airbnb
ABNB
$90.8B
| $2.33B | 1.51% |
13,918,069
+1,631,032
| +13% | +$249M |
|
20
Eli Lilly
LLY
$1.08T
| $2.28B | 1.47% |
9,864,516
+953,521
| +11% | +$235M |
|
|
21
Sea Limited
SE
$66.4B
| $2.24B | 1.45% |
7,030,971
+2,742,732
| +64% | +$842M |
|
22
CrowdStrike
CRWD
$183B
| $2.21B | 1.43% |
35,975,076
+360,900
| +1% | +$23.3M |
|
|
23
Match Group
MTCH
$9.19B
| $2.21B | 1.43% |
14,052,314
-6,100,652
| -30% | -$929M |
|
24
Estee Lauder
EL
$30.4B
| $2.14B | 1.38% |
7,130,402
+12,331
| +0.2% | +$4.03M |
|
25
Mastercard
MA
$498B
| $2.02B | 1.31% |
5,812,552
-108,526
| -2% | -$39.5M |
|
Similar funds
Jennison Associates's Q3 2021 Portfolio in Review
As of Q3 2021, Jennison Associates held 761 positions worth $155B, up 2.5% from $151B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Jennison Associates's Q3 2021 filing shows 96 new, 254 increased, 288 reduced and 100 closed positions. Its largest new stake was ZoomInfo Technologies: 3,206,107 shares worth $196M. The largest sale was Match Group, an estimated $929M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2021 buy was ZoomInfo Technologies: 3,206,107 shares worth $196M.
- Jennison Associates added most to BioNTech in Q3 2021, an estimated $1.21B increase.
- Jennison Associates's biggest Q3 2021 reduction was Match Group, cutting an estimated $929M.
- Jennison Associates fully exited Zoom in Q3 2021, selling an estimated $285M.
- Jennison Associates's ten largest holdings make up 38% of its $155B portfolio in Q3 2021.
- Jennison Associates opened 96 new positions and closed 100 in Q3 2021.
- Jennison Associates's portfolio value rose 2.5% quarter-over-quarter to $155B.
Based on Jennison Associates's 13F filing for Q3 2021, filed 9 Nov 2021.