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 | |
|---|---|---|---|---|---|---|
276
Evergy
EVRG
$19.1B
| $33.4M | 0.02% |
+601,518
| New | +$33M |
|
277
ConocoPhillips
COP
$140B
| $33.4M | 0.02% |
834,120
-1,213,274
| -59% | -$44.7M |
|
278
Emerson Electric
EMR
$90.6B
| $33.2M | 0.02% |
413,334
-2,918
| -0.7% | -$217K |
|
279
Jazz Pharmaceuticals
JAZZ
$17B
| $33.2M | 0.02% |
+200,967
| New | +$29.9M |
|
|
TXNM
280
TXNM Energy Inc
TXNM
$5.91B
| $33.1M | 0.02% |
681,551
-102,691
| -13% | -$4.95M |
|
281
AXIS Capital
AXS
$7.61B
| $33M | 0.02% |
654,879
+1,736
| +0.3% | +$84.2K |
|
282
MaxLinear
MXL
$6.12B
| $32.6M | 0.02% |
854,370
-148,419
| -15% | -$4.31M |
|
283
PagerDuty
PD
$865M
| $32.5M | 0.02% |
779,258
+69,909
| +10% | +$2.38M |
|
284
Exelon
EXC
$47.1B
| $32.4M | 0.02% |
1,077,431
-23,377
| -2% | -$690K |
|
285
Royal Caribbean
RCL
$87.6B
| $32M | 0.02% |
+428,811
| New | +$29.9M |
|
286
OGE Energy
OGE
$9.71B
| $31.7M | 0.02% |
995,667
-10,582
| -1% | -$342K |
|
287
Denali Therapeutics
DNLI
$3.84B
| $31.6M | 0.02% |
377,512
-6,215
| -2% | -$376K |
|
288
Prologis
PLD
$131B
| $31.3M | 0.02% |
313,953
-35,797
| -10% | -$3.62M |
|
289
Apollo Global Management
APO
$74.7B
| $31M | 0.02% |
633,905
+73,103
| +13% | +$3.26M |
|
290
Acadia Pharmaceuticals
ACAD
$4.96B
| $31M | 0.02% |
580,567
+428,136
| +281% | +$21.3M |
|
291
Rush Enterprises Class A
RUSHA
$6.36B
| $30.8M | 0.02% |
1,117,053
+378,722
| +51% | +$9.71M |
|
292
Goosehead Insurance
GSHD
$2.38B
| $30.5M | 0.02% |
244,469
-144,381
| -37% | -$16.5M |
|
293
Illumina
ILMN
$30.2B
| $30.5M | 0.02% |
84,704
-195,803
| -70% | -$62.4M |
|
|
STMP
294
DELISTED
Stamps.com, Inc.
STMP
| $30M | 0.02% |
+152,747
| New | +$33.5M |
|
295
NeoGenomics
NEO
$2.02B
| $29.1M | 0.02% |
540,282
+132,470
| +32% | +$5.99M |
|
296
Kennametal
KMT
$2.6B
| $28.9M | 0.02% |
797,620
+46,526
| +6% | +$1.6M |
|
297
Ametek
AME
$58.4B
| $28.7M | 0.02% |
237,445
+2,718
| +1% | +$306K |
|
298
Vroom Inc
VRM
$49.9M
| $28.5M | 0.02% |
8,693
-114
| -1% | -$376K |
|
|
ACCD
299
DELISTED
Accolade Inc
ACCD
| $28M | 0.02% |
643,776
+297,767
| +86% | +$13.2M |
|
300
Enovis
ENOV
$1.74B
| $27.3M | 0.02% |
+415,509
| New | +$24.3M |
|
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.