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 | |
|---|---|---|---|---|---|---|
351
Seacoast Banking Corp of Florida
SBCF
$3.34B
| $17.7M | 0.01% |
600,951
-28,272
| -4% | -$685K |
|
352
Utz Brands
UTZ
$2.04B
| $17.6M | 0.01% |
797,975
+204,072
| +34% | +$3.88M |
|
353
Lincoln Electric
LECO
$15.2B
| $17.4M | 0.01% |
149,790
+36,933
| +33% | +$4.05M |
|
354
Adecoagro
AGRO
$1.35B
| $17.3M | 0.01% |
2,548,600
-394,144
| -13% | -$2.18M |
|
355
Crown Castle
CCI
$32.7B
| $16.7M | 0.01% |
105,163
-78,285
| -43% | -$12.7M |
|
|
GTLS
356
DELISTED
Chart Industries
GTLS
| $16.7M | 0.01% |
142,128
-5,300
| -4% | -$512K |
|
357
Enterprise Financial Services Corp
EFSC
$2.4B
| $16.4M | 0.01% |
469,322
+34,383
| +8% | +$1.12M |
|
358
Cisco
CSCO
$476B
| $16.1M | 0.01% |
359,967
-36,753
| -9% | -$1.51M |
|
359
Northrop Grumman
NOC
$80.7B
| $16M | 0.01% |
52,643
-142,307
| -73% | -$43.5M |
|
360
HealthEquity
HQY
$8.65B
| $15.8M | 0.01% |
226,822
-18,737
| -8% | -$1.17M |
|
|
BRKL
361
DELISTED
Brookline Bancorp
BRKL
| $15.6M | 0.01% |
1,299,065
+544,815
| +72% | +$5.89M |
|
362
Iovance Biotherapeutics
IOVA
$2.77B
| $15.6M | 0.01% |
336,986
-9,496
| -3% | -$377K |
|
363
Vertex
VERX
$1.88B
| $15.6M | 0.01% |
448,334
-169,422
| -27% | -$4.61M |
|
|
ALXN
364
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $15.6M | 0.01% |
100,000
| – | – |
|
|
MMP
365
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $15.5M | 0.01% |
365,262
+77,165
| +27% | +$3.08M |
|
366
Enerpac Tool Group
EPAC
$1.92B
| $15.4M | 0.01% |
679,289
-56,366
| -8% | -$1.18M |
|
|
AMK
367
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $15.3M | 0.01% |
630,628
-105,536
| -14% | -$2.5M |
|
368
Sunrun
RUN
$2.24B
| $15M | 0.01% |
216,682
-99,903
| -32% | -$6.2M |
|
|
HES
369
DELISTED
Hess
HES
| $14.5M | 0.01% |
275,494
+83,592
| +44% | +$3.8M |
|
370
BlackLine
BL
$1.76B
| $14.5M | 0.01% |
108,987
-51,561
| -32% | -$5.75M |
|
371
Moelis & Co
MC
$4.98B
| $14.5M | 0.01% |
309,833
-26,772
| -8% | -$1.08M |
|
372
Oneok
OKE
$55.4B
| $14.5M | 0.01% |
377,124
+70,597
| +23% | +$2.37M |
|
373
Plains GP Holdings
PAGP
$5.02B
| $14.2M | 0.01% |
1,681,094
+1,171,905
| +230% | +$9.1M |
|
374
Universal Display
OLED
$4.01B
| $14.1M | 0.01% |
61,438
| – | – |
|
375
Kinross Gold
KGC
$30.4B
| $14.1M | 0.01% |
1,921,910
-72,921
| -4% | -$581K |
|
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.