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 | 7.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Tesla
TSLA
$1.38T
| $11.2B | 7.12% |
31,881,150
-9,867
| -0% | -$3.31M |
|
2
Apple
AAPL
$4.67T
| $8.59B | 5.45% |
48,401,431
-40,614
| -0.1% | -$6.42M |
|
3
Amazon
AMZN
$2.87T
| $8.49B | 5.38% |
50,904,100
-1,344,100
| -3% | -$230M |
|
4
NVIDIA
NVDA
$5.25T
| $8.11B | 5.14% |
275,697,190
-21,027,040
| -7% | -$579M |
|
5
Microsoft
MSFT
$3.81T
| $6.86B | 4.35% |
20,395,907
+274,354
| +1% | +$88.9M |
|
6
Shopify
SHOP
$197B
| $6.47B | 4.1% |
46,969,650
+651,440
| +1% | +$95.2M |
|
7
Alphabet (Google) Class A
GOOGL
$4.24T
| $4.84B | 3.07% |
33,442,120
-1,246,980
| -4% | -$180M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.19T
| $4.01B | 2.54% |
27,686,800
+191,020
| +0.7% | +$27.6M |
|
9
Netflix
NFLX
$340B
| $4B | 2.54% |
66,432,840
+3,855,220
| +6% | +$246M |
|
|
10
Salesforce
CRM
$211B
| $3.51B | 2.23% |
13,808,917
+4,096,666
| +42% | +$1.15B |
|
11
Adobe
ADBE
$116B
| $3.47B | 2.2% |
6,124,094
-636,686
| -9% | -$398M |
|
|
12
Atlassian
TEAM
$48.2B
| $3.3B | 2.09% |
8,653,353
+1,295,323
| +18% | +$520M |
|
13
Mercado Libre
MELI
$99.7B
| $2.75B | 1.74% |
2,038,209
+164,347
| +9% | +$231M |
|
14
Nike
NKE
$58.7B
| $2.55B | 1.62% |
15,307,214
+1,944,401
| +15% | +$321M |
|
15
Eli Lilly
LLY
$1.05T
| $2.53B | 1.6% |
9,155,614
-708,902
| -7% | -$180M |
|
16
Estee Lauder
EL
$37.4B
| $2.52B | 1.6% |
6,804,640
-325,762
| -5% | -$111M |
|
|
17
Meta Platforms (Facebook)
META
$1.47T
| $2.42B | 1.53% |
7,181,995
-5,272,957
| -42% | -$1.75B |
|
18
Airbnb
ABNB
$112B
| $2.39B | 1.51% |
14,349,039
+430,970
| +3% | +$75.9M |
|
|
19
Visa
V
$712B
| $2.16B | 1.37% |
9,973,323
-3,712,280
| -27% | -$797M |
|
20
Uber
UBER
$161B
| $2.08B | 1.32% |
49,538,244
+9,449,743
| +24% | +$407M |
|
21
Home Depot
HD
$329B
| $2B | 1.27% |
4,823,391
+840,033
| +21% | +$320M |
|
22
Mastercard
MA
$521B
| $1.94B | 1.23% |
5,389,695
-422,857
| -7% | -$146M |
|
|
23
Sea Limited
SE
$73.1B
| $1.92B | 1.22% |
8,591,680
+1,560,709
| +22% | +$466M |
|
24
Costco
COST
$419B
| $1.77B | 1.12% |
3,120,226
-215,242
| -6% | -$110M |
|
25
CrowdStrike
CRWD
$224B
| $1.77B | 1.12% |
34,581,912
-1,393,164
| -4% | -$84.8M |
|
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.