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 | |
|---|---|---|---|---|---|---|
26
Estee Lauder
EL
$30.4B
| $1.64B | 1.17% |
6,171,560
+1,528,409
| +33% | +$368M |
|
27
RingCentral
RNG
$4.66B
| $1.55B | 1.11% |
4,102,754
-1,003,092
| -20% | -$312M |
|
28
Atlassian
TEAM
$25.6B
| $1.47B | 1.05% |
6,283,895
+283,238
| +5% | +$59.9M |
|
29
CrowdStrike
CRWD
$194B
| $1.42B | 1.01% |
26,843,312
+2,279,076
| +9% | +$88.8M |
|
|
COUP
30
DELISTED
Coupa Software Incorporated
COUP
| $1.35B | 0.97% |
3,995,059
-317,475
| -7% | -$98.2M |
|
31
Costco
COST
$422B
| $1.27B | 0.91% |
3,373,937
-256,715
| -7% | -$95.9M |
|
32
Union Pacific
UNP
$174B
| $1.16B | 0.83% |
5,594,366
+196,770
| +4% | +$39.3M |
|
33
Home Depot
HD
$331B
| $1.16B | 0.83% |
4,378,055
-1,296,126
| -23% | -$356M |
|
34
Workday
WDAY
$39.6B
| $1.12B | 0.8% |
4,659,485
+304,728
| +7% | +$68.5M |
|
35
Teladoc Health
TDOC
$1.22B
| $1.11B | 0.79% |
5,566,157
-391,386
| -7% | -$79.6M |
|
36
Chipotle Mexican Grill
CMG
$47.2B
| $1.11B | 0.79% |
39,949,200
-4,022,650
| -9% | -$106M |
|
|
37
TSMC
TSM
$2.1T
| $1.06B | 0.75% |
9,695,245
+8,213,857
| +554% | +$779M |
|
|
38
TJX Companies
TJX
$174B
| $1.05B | 0.75% |
15,352,184
+15,342,126
| +152,537% | +$933M |
|
39
S&P Global
SPGI
$121B
| $1.03B | 0.73% |
3,129,541
-182,193
| -6% | -$61.5M |
|
|
40
Snowflake
SNOW
$102B
| $1.03B | 0.73% |
3,652,340
+3,632,789
| +18,581% | +$1.03B |
|
41
Vertex Pharmaceuticals
VRTX
$121B
| $886M | 0.63% |
3,749,354
+140,270
| +4% | +$32.2M |
|
42
ServiceNow
NOW
$115B
| $883M | 0.63% |
8,018,855
-1,710,675
| -18% | -$178M |
|
|
FTCH
43
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $874M | 0.62% |
+13,694,960
| New | +$606M |
|
44
Intuitive Surgical
ISRG
$127B
| $797M | 0.57% |
2,921,991
+232,923
| +9% | +$57.8M |
|
45
Carvana
CVNA
$68.6B
| $767M | 0.55% |
16,011,340
+6,343,280
| +66% | +$290M |
|
46
Danaher
DHR
$137B
| $743M | 0.53% |
3,772,868
-650,468
| -15% | -$130M |
|
47
DexCom
DXCM
$31.5B
| $736M | 0.52% |
7,960,888
-2,990,572
| -27% | -$267M |
|
|
SPLK
48
DELISTED
Splunk Inc
SPLK
| $633M | 0.45% |
3,726,813
-1,658,894
| -31% | -$317M |
|
49
Humana
HUM
$43.7B
| $544M | 0.39% |
1,326,431
-393,623
| -23% | -$164M |
|
|
50
AstraZeneca
AZN
$263B
| $496M | 0.35% |
4,962,635
-10,555,094
| -68% | -$1.12B |
|
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.