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 | |
|---|---|---|---|---|---|---|
326
Norfolk Southern
NSC
$76.7B
| $22.2M | 0.02% |
93,305
+27,842
| +43% | +$6.33M |
|
327
Datadog
DDOG
$85.6B
| $21.9M | 0.02% |
+222,545
| New | +$22.2M |
|
328
Trinity Industries
TRN
$2.56B
| $21.9M | 0.02% |
828,769
-69,035
| -8% | -$1.56M |
|
329
Freeport-McMoran
FCX
$96.9B
| $21.6M | 0.02% |
831,506
-89,211
| -10% | -$1.85M |
|
|
GWPH
330
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $21.6M | 0.02% |
186,760
+30,090
| +19% | +$3.37M |
|
|
NOVA
331
DELISTED
Sunnova Energy
NOVA
| $21.5M | 0.02% |
477,182
-157,111
| -25% | -$5.45M |
|
332
Pentair
PNR
$11.2B
| $21.3M | 0.02% |
401,987
-28,735
| -7% | -$1.47M |
|
333
Southern Copper
SCCO
$163B
| $21.1M | 0.02% |
350,314
-33,139
| -9% | -$1.71M |
|
|
DOC
334
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $20.7M | 0.01% |
1,164,147
+67,120
| +6% | +$1.2M |
|
335
MACOM Technology Solutions
MTSI
$22.8B
| $20.1M | 0.01% |
+364,547
| New | +$15.6M |
|
336
Newmont
NEM
$111B
| $20.1M | 0.01% |
334,941
-10,430
| -3% | -$643K |
|
|
INFO
337
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $19.8M | 0.01% |
220,954
-344,581
| -61% | -$29.9M |
|
338
Huron Consulting
HURN
$2.37B
| $19.7M | 0.01% |
334,452
-27,768
| -8% | -$1.27M |
|
|
SMAR
339
DELISTED
Smartsheet Inc.
SMAR
| $19.7M | 0.01% |
283,799
+34,879
| +14% | +$2.04M |
|
340
United Parcel Service
UPS
$88.6B
| $19.1M | 0.01% |
113,609
+238
| +0.2% | +$40.2K |
|
341
Energy Transfer Partners
ET
$71B
| $19M | 0.01% |
3,073,867
+1,564,920
| +104% | +$9.47M |
|
342
Bloomin' Brands
BLMN
$963M
| $18.9M | 0.01% |
+974,404
| New | +$16.6M |
|
|
ETRN
343
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $18.5M | 0.01% |
2,305,327
-21,212
| -0.9% | -$169K |
|
344
BHP
BHP
$227B
| $18.5M | 0.01% |
317,714
-28,523
| -8% | -$1.43M |
|
345
Prestige Consumer Healthcare
PBH
$2.51B
| $18.4M | 0.01% |
528,103
-28,447
| -5% | -$1.01M |
|
346
Pembina Pipeline
PBA
$27.8B
| $18.4M | 0.01% |
776,307
-21,470
| -3% | -$505K |
|
347
Alexandria Real Estate Equities
ARE
$8.57B
| $18.2M | 0.01% |
102,159
+468
| +0.5% | +$77.3K |
|
348
BioLife Solutions
BLFS
$1.67B
| $17.9M | 0.01% |
+449,574
| New | +$15.3M |
|
349
Oric Pharmaceuticals
ORIC
$1.34B
| $17.7M | 0.01% |
523,480
+372,879
| +248% | +$10.7M |
|
350
Lemonade
LMND
$4.07B
| $17.7M | 0.01% |
144,615
-86,581
| -37% | -$6.39M |
|
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.