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 | |
|---|---|---|---|---|---|---|
|
WCN
401
Waste Connections
WCN
$42B
| $10.3M | 0.01% |
100,786
+5,093
| +5% | +$526K |
|
402
Vale
VALE
$62.9B
| $10.3M | 0.01% |
614,384
+185,026
| +43% | +$2.47M |
|
403
Corning
GLW
$136B
| $10.3M | 0.01% |
+285,757
| New | +$10.1M |
|
|
NEE.PRQ
404
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
| $10.2M | 0.01% |
198,096
-19,904
| -9% | -$995K |
|
|
TPIC
405
DELISTED
TPI Composites
TPIC
| $10.1M | 0.01% |
190,992
-6,655
| -3% | -$266K |
|
406
Howard Hughes
HHH
$4.08B
| $10M | 0.01% |
133,332
| – | – |
|
407
CALL
Becton Dickinson
BDX
$48.6B
| $10M | 0.01% |
+41,000
| New | +$9.56M |
|
|
B
408
Barrick Mining
B
$69.2B
| $9.93M | 0.01% |
435,783
-306,808
| -41% | -$7.77M |
|
409
Western Midstream Partners
WES
$19.3B
| $9.91M | 0.01% |
+717,389
| New | +$8.24M |
|
|
SAND
410
DELISTED
Sandstorm Gold
SAND
| $9.89M | 0.01% |
1,379,159
-155,231
| -10% | -$1.2M |
|
|
CHNG
411
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $9.68M | 0.01% |
519,171
| – | – |
|
412
Mueller Water Products
MWA
$4.26B
| $9.52M | 0.01% |
769,307
-429,939
| -36% | -$4.94M |
|
413
Vital Farms
VITL
$503M
| $9.51M | 0.01% |
375,820
-141,873
| -27% | -$4.48M |
|
414
Canadian National Railway
CNI
$76.5B
| $9.4M | 0.01% |
85,529
+24,532
| +40% | +$2.65M |
|
415
Seer Inc
SEER
$121M
| $9.3M | 0.01% |
+165,590
| New | +$10.5M |
|
416
PMV Pharmaceuticals
PMVP
$62.9M
| $9.14M | 0.01% |
148,594
-1,406
| -0.9% | -$55.2K |
|
417
Legend Biotech
LEGN
$3.71B
| $9.05M | 0.01% |
321,388
+186,031
| +137% | +$5.35M |
|
|
MAG
418
DELISTED
MAG Silver
MAG
| $8.98M | 0.01% |
439,023
-15,592
| -3% | -$269K |
|
419
Bio-Rad Laboratories Class A
BIO
$9.12B
| $8.68M | 0.01% |
14,883
+5,278
| +55% | +$3.01M |
|
420
Bilibili
BILI
$7.8B
| $8.45M | 0.01% |
98,619
+37,193
| +61% | +$2.18M |
|
|
NESR
421
National Energy Services Reunited Corp
NESR
$2.93B
| $8.4M | 0.01% |
846,387
+22,950
| +3% | +$190K |
|
422
Intellia Therapeutics
NTLA
$1.55B
| $8.27M | 0.01% |
+152,098
| New | +$5.52M |
|
423
Biogen
BIIB
$30.4B
| $8.27M | 0.01% |
+33,756
| New | +$8.71M |
|
424
Oracle
ORCL
$414B
| $8.24M | 0.01% |
+127,421
| New | +$7.59M |
|
425
Marriott International
MAR
$93.6B
| $8.08M | 0.01% |
+61,254
| New | +$7M |
|
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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.