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 | |
|---|---|---|---|---|---|---|
376
Gossamer Bio
GOSS
$85.2M
| $14.1M | 0.01% |
1,457,886
-18,757
| -1% | -$185K |
|
377
Byline Bancorp
BY
$1.79B
| $14M | 0.01% |
907,541
-66,843
| -7% | -$973K |
|
378
Outset Medical
OM
$95.8M
| $13.8M | 0.01% |
16,199
+1,546
| +11% | +$1.19M |
|
379
Kinder Morgan
KMI
$69.5B
| $13.7M | 0.01% |
999,843
-280,690
| -22% | -$3.76M |
|
|
Y
380
DELISTED
Alleghany Corp
Y
| $13.5M | 0.01% |
22,441
+4,358
| +24% | +$2.54M |
|
381
Mayville Engineering Co
MEC
$646M
| $13.5M | 0.01% |
1,008,022
-78,752
| -7% | -$871K |
|
382
TC Energy
TRP
$66.5B
| $13.4M | 0.01% |
328,884
-424,987
| -56% | -$18.1M |
|
383
Royal Gold
RGLD
$18.3B
| $13.2M | 0.01% |
124,210
| – | – |
|
384
Diamondback Energy
FANG
$52.8B
| $13M | 0.01% |
269,489
+10,003
| +4% | +$370K |
|
|
LPRO
385
DELISTED
Open Lending Corp
LPRO
| $13M | 0.01% |
+371,997
| New | +$10.8M |
|
|
CXO
386
DELISTED
CONCHO RESOURCES INC.
CXO
| $12.8M | 0.01% |
218,575
-11,775
| -5% | -$620K |
|
387
SelectQuote
SLQT
$122M
| $12.3M | 0.01% |
593,861
-8,466
| -1% | -$174K |
|
388
e.l.f. Beauty
ELF
$5.6B
| $12.3M | 0.01% |
+488,577
| New | +$10.5M |
|
389
Jack Henry & Associates
JKHY
$11B
| $12.1M | 0.01% |
+74,996
| New | +$11.9M |
|
|
CVET
390
DELISTED
Covetrus, Inc. Common Stock
CVET
| $12.1M | 0.01% |
+420,997
| New | +$11.4M |
|
|
HRC
391
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $11.8M | 0.01% |
120,561
-29,342
| -20% | -$2.74M |
|
392
Black Diamond Therapeutics
BDTX
$108M
| $11.7M | 0.01% |
364,416
-3,949
| -1% | -$130K |
|
393
Caterpillar
CAT
$401B
| $11.3M | 0.01% |
+62,358
| New | +$10.6M |
|
|
PXD
394
DELISTED
Pioneer Natural Resource Co.
PXD
| $11.3M | 0.01% |
98,938
-11,361
| -10% | -$1.1M |
|
395
ProQR Therapeutics
PRQR
$275M
| $11M | 0.01% |
2,616,473
-17,667
| -0.7% | -$74.5K |
|
396
Praxis Precision Medicines
PRAX
$10.3B
| $11M | 0.01% |
+13,278
| New | +$7.75M |
|
397
PUT
Sarepta Therapeutics
SRPT
$1.76B
| $10.6M | 0.01% |
+62,000
| New | +$9.19M |
|
398
Monro
MNRO
$402M
| $10.5M | 0.01% |
196,939
-16,243
| -8% | -$742K |
|
|
PROS
399
DELISTED
ProSight Global, Inc.
PROS
| $10.4M | 0.01% |
813,089
-35,314
| -4% | -$437K |
|
400
Starwood Property Trust
STWD
$5.79B
| $10.4M | 0.01% |
538,312
-4,104
| -0.8% | -$69.8K |
|
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.