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 | |
|---|---|---|---|---|---|---|
251
PG&E
PCG
$37.6B
| $38.2M | 0.03% |
+3,065,269
| New | +$34.7M |
|
252
nLIGHT
LASR
$4.37B
| $38.2M | 0.03% |
1,168,591
-9,234
| -0.8% | -$262K |
|
|
IPHI
253
DELISTED
INPHI CORPORATION
IPHI
| $37.5M | 0.03% |
233,880
-153,156
| -40% | -$21.5M |
|
254
RenaissanceRe
RNR
$13.5B
| $37.4M | 0.03% |
225,391
-82,832
| -27% | -$14.1M |
|
255
Repligen
RGEN
$9.06B
| $37.3M | 0.03% |
194,734
-1,975
| -1% | -$359K |
|
256
Yeti Holdings
YETI
$4.05B
| $37.3M | 0.03% |
+544,890
| New | +$32.3M |
|
257
Nordson
NDSN
$17.5B
| $37M | 0.03% |
184,189
+18,294
| +11% | +$3.67M |
|
|
QTS
258
DELISTED
QTS REALTY TRUST, INC.
QTS
| $36.9M | 0.03% |
596,703
-458,070
| -43% | -$28.7M |
|
259
IDEX
IEX
$17.6B
| $36.7M | 0.03% |
184,031
-3,189
| -2% | -$606K |
|
260
Eversource Energy
ES
$27.2B
| $36.4M | 0.03% |
420,222
-9,571
| -2% | -$852K |
|
|
WPX
261
DELISTED
WPX Energy, Inc.
WPX
| $36.2M | 0.03% |
4,438,131
-4,586,187
| -51% | -$29.1M |
|
262
Zai Lab
ZLAB
$2.34B
| $36.1M | 0.03% |
266,835
+8,170
| +3% | +$832K |
|
|
GFLU
263
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
| $35.8M | 0.03% |
508,737
+8,288
| +2% | +$501K |
|
|
EVOP
264
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $35.8M | 0.03% |
1,327,091
+8,522
| +0.6% | +$214K |
|
|
CYBR
265
DELISTED
CyberArk
CYBR
| $35.4M | 0.03% |
218,858
-71,555
| -25% | -$8.32M |
|
266
Emergent Biosolutions
EBS
$282M
| $35.3M | 0.03% |
394,474
-58,174
| -13% | -$5.34M |
|
267
Ferrari
RACE
$72.2B
| $35.2M | 0.03% |
153,458
+28,397
| +23% | +$5.79M |
|
268
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.1B
| $35.2M | 0.03% |
250,000
| – | – |
|
269
Agnico Eagle Mines
AEM
$84.8B
| $35.1M | 0.03% |
497,771
-8,908
| -2% | -$665K |
|
|
SYNH
270
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $34.5M | 0.02% |
506,661
-26,007
| -5% | -$1.62M |
|
271
Avantor
AVTR
$8.9B
| $34.3M | 0.02% |
1,216,824
-736,632
| -38% | -$19M |
|
|
CNST
272
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $34.2M | 0.02% |
1,186,379
+352,696
| +42% | +$8.88M |
|
|
FFWM
273
DELISTED
First Foundation Inc
FFWM
| $34.1M | 0.02% |
1,706,221
+238,315
| +16% | +$4.06M |
|
|
NSA
274
DELISTED
National Storage Affiliates Trust
NSA
| $33.8M | 0.02% |
939,245
-1,267
| -0.1% | -$43.7K |
|
275
Ameris Bancorp
ABCB
$5.97B
| $33.5M | 0.02% |
879,033
-490,878
| -36% | -$15.9M |
|
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.