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 |
XYZ
Block Inc
XYZ
|
+$1.67B |
| 2 |
Snowflake
SNOW
|
+$1.03B |
| 3 |
Shopify
SHOP
|
+$940M |
| 4 |
TJX Companies
TJX
|
+$933M |
| 5 |
TSMC
TSM
|
+$779M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$3.39B |
| 2 |
Alibaba
BABA
|
+$1.33B |
| 3 |
AstraZeneca
AZN
|
+$1.12B |
| 4 |
Mastercard
MA
|
+$968M |
| 5 |
Goldman Sachs
GS
|
+$911M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.34% |
| 2 | Consumer Discretionary | 23.94% |
| 3 | Communication Services | 14.59% |
| 4 | Financials | 8.49% |
| 5 | Healthcare | 7.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Lam Research
LRCX
$388B
| $43.8M | 0.03% |
926,580
-581,140
| -39% | -$24.4M |
|
227
Targa Resources
TRGP
$56.5B
| $43.4M | 0.03% |
1,644,722
+832,535
| +103% | +$17.7M |
|
228
Curtiss-Wright
CW
$27.1B
| $43.4M | 0.03% |
372,675
+148,871
| +67% | +$15.7M |
|
229
Trane Technologies
TT
$107B
| $43.3M | 0.03% |
298,256
-50,803
| -15% | -$7.02M |
|
230
CRISPR Therapeutics
CRSP
$5.08B
| $42.5M | 0.03% |
277,294
-2,807
| -1% | -$332K |
|
231
Enphase Energy
ENPH
$5.26B
| $42.4M | 0.03% |
241,467
+170,703
| +241% | +$21.6M |
|
232
Independence Realty Trust
IRT
$4.01B
| $42.3M | 0.03% |
3,150,924
+155,783
| +5% | +$1.99M |
|
233
Blackstone
BX
$108B
| $42.3M | 0.03% |
+652,056
| New | +$38M |
|
|
BNR
234
Burning Rock Biotech
BNR
$93.7M
| $42.1M | 0.03% |
182,382
+121,871
| +201% | +$32.7M |
|
235
Enviri
NVRI
$655M
| $42M | 0.03% |
2,335,885
-104,041
| -4% | -$1.67M |
|
236
GFL Environmental
GFL
$14.8B
| $41.7M | 0.03% |
1,430,725
-871,911
| -38% | -$21.3M |
|
237
PENN Entertainment
PENN
$2.7B
| $41.6M | 0.03% |
481,886
-221,473
| -31% | -$15.8M |
|
238
Ares Management
ARES
$31.4B
| $41.4M | 0.03% |
879,087
-46,478
| -5% | -$2.1M |
|
239
Advance Auto Parts
AAP
$3.55B
| $41.3M | 0.03% |
262,073
+11,644
| +5% | +$1.8M |
|
240
Cooper Companies
COO
$14.4B
| $41.2M | 0.03% |
453,192
+126,240
| +39% | +$10.8M |
|
241
Paycom
PAYC
$10.1B
| $41.1M | 0.03% |
90,947
-12,421
| -12% | -$4.95M |
|
242
Twist Bioscience
TWST
$7.1B
| $41.1M | 0.03% |
291,090
+81,677
| +39% | +$9.06M |
|
243
Wingstop
WING
$3.31B
| $40.5M | 0.03% |
305,413
-13,563
| -4% | -$1.77M |
|
244
Lazard
LAZ
$4.29B
| $40.2M | 0.03% |
951,424
+136,860
| +17% | +$5.17M |
|
245
L3Harris
LHX
$53.8B
| $40.1M | 0.03% |
211,953
-3,593
| -2% | -$657K |
|
246
BioMarin Pharmaceuticals
BMRN
$11.5B
| $39.8M | 0.03% |
453,994
-198,798
| -30% | -$15.8M |
|
247
Inspire Medical Systems
INSP
$1.72B
| $39.4M | 0.03% |
209,365
-11,603
| -5% | -$1.9M |
|
248
National Vision
EYE
$1.81B
| $38.8M | 0.03% |
857,419
-51,631
| -6% | -$2.24M |
|
249
Gaming and Leisure Properties
GLPI
$12.8B
| $38.4M | 0.03% |
905,134
+114,690
| +15% | +$4.63M |
|
250
FIVE9
FIVN
$2.26B
| $38.2M | 0.03% |
219,025
+55,604
| +34% | +$8.46M |
|
Similar funds
Jennison Associates's Q4 2020 Portfolio in Review
As of Q4 2020, Jennison Associates held 734 positions worth $140B, up 13% from $124B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Jennison Associates's Q4 2020 filing shows 114 new, 205 increased, 311 reduced and 95 closed positions. Its largest new stake was Farfetch Limited Class A Ordinary Shares: 13,694,960 shares worth $874M. The largest sale was Tesla, an estimated $3.39B.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q4 2020 buy was Farfetch Limited Class A Ordinary Shares: 13,694,960 shares worth $874M.
- Jennison Associates added most to Block Inc in Q4 2020, an estimated $1.67B increase.
- Jennison Associates's biggest Q4 2020 reduction was Tesla, cutting an estimated $3.39B.
- Jennison Associates fully exited Immunomedics Inc in Q4 2020, selling an estimated $181M.
- Jennison Associates's ten largest holdings make up 40% of its $140B portfolio in Q4 2020.
- Jennison Associates opened 114 new positions and closed 95 in Q4 2020.
- Jennison Associates's portfolio value rose 13% quarter-over-quarter to $140B.
Based on Jennison Associates's 13F filing for Q4 2020, filed 5 Feb 2021.