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 | |
|---|---|---|---|---|---|---|
|
IRBT
601
DELISTED
iRobot
IRBT
| $767K | ﹤0.01% |
+9,551
| New | +$777K |
|
602
Mativ Holdings
MATV
$617M
| $753K | ﹤0.01% |
18,725
-1,307
| -7% | -$46.9K |
|
603
MacroGenics
MGNX
$252M
| $747K | ﹤0.01% |
32,667
+4,772
| +17% | +$110K |
|
604
Philip Morris
PM
$292B
| $746K | ﹤0.01% |
9,015
+139
| +2% | +$10.8K |
|
605
Liberty Energy
LBRT
$3.29B
| $738K | ﹤0.01% |
+71,601
| New | +$653K |
|
|
BFX
606
DELISTED
BowFlex Inc.
BFX
| $738K | ﹤0.01% |
+40,679
| New | +$846K |
|
|
USCR
607
DELISTED
U S Concrete, Inc.
USCR
| $725K | ﹤0.01% |
+18,131
| New | +$645K |
|
608
Upwork
UPWK
$1.15B
| $723K | ﹤0.01% |
+20,947
| New | +$599K |
|
609
Altria Group
MO
$114B
| $712K | ﹤0.01% |
17,363
-475
| -3% | -$19.1K |
|
610
AbCellera Biologics
ABCL
$1.9B
| $706K | ﹤0.01% |
+17,541
| New | +$802K |
|
|
SPTN
611
DELISTED
SpartanNash
SPTN
| $689K | ﹤0.01% |
39,554
-5
| -0% | -$93 |
|
|
TRTN
612
DELISTED
Triton International Limited
TRTN
| $683K | ﹤0.01% |
14,077
-409
| -3% | -$17.3K |
|
613
Marten Transport
MRTN
$1.21B
| $662K | ﹤0.01% |
+38,405
| New | +$658K |
|
614
American Express
AXP
$235B
| $656K | ﹤0.01% |
5,422
-148
| -3% | -$16.4K |
|
615
eGain
EGAN
$201M
| $653K | ﹤0.01% |
+55,273
| New | +$781K |
|
616
Knight Transportation
KNX
$11.5B
| $644K | ﹤0.01% |
15,400
-319,611
| -95% | -$13M |
|
617
Advanced Micro Devices
AMD
$796B
| $633K | ﹤0.01% |
6,901
-653,596
| -99% | -$56.4M |
|
|
RDFN
618
DELISTED
Redfin
RDFN
| $626K | ﹤0.01% |
+9,118
| New | +$487K |
|
|
SCS
619
DELISTED
Steelcase
SCS
| $624K | ﹤0.01% |
46,035
-90,972
| -66% | -$1.11M |
|
620
Keysight
KEYS
$58.2B
| $611K | ﹤0.01% |
4,629
+1,408
| +44% | +$162K |
|
|
BBBY
621
Bed Bath & Beyond
BBBY
$432M
| $571K | ﹤0.01% |
+13,088
| New | +$774K |
|
622
Community Bank
CBU
$3.49B
| $564K | ﹤0.01% |
+9,059
| New | +$556K |
|
|
FPRX
623
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $552K | ﹤0.01% |
+32,438
| New | +$406K |
|
624
Intuit
INTU
$87.2B
| $540K | ﹤0.01% |
1,421
+55
| +4% | +$19.3K |
|
625
Sysco
SYY
$40.6B
| $450K | ﹤0.01% |
6,057
+2,064
| +52% | +$142K |
|
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.