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 | |
|---|---|---|---|---|---|---|
651
Builders FirstSource
BLDR
$7.77B
| – | – |
-70,361
| Closed | -$2.29M |
|
652
B2Gold
BTG
$5.44B
| – | – |
-366,535
| Closed | -$2.39M |
|
653
Blackstone Mortgage Trust
BXMT
$2.36B
| – | – |
-35,357
| Closed | -$777K |
|
|
CADE
654
DELISTED
Cadence Bank
CADE
| – | – |
-25,538
| Closed | -$495K |
|
655
Church & Dwight Co
CHD
$24.3B
| – | – |
-471,651
| Closed | -$44.2M |
|
656
Commercial Metals
CMC
$8.28B
| – | – |
-20,044
| Closed | -$400K |
|
657
Cannae Holdings
CNNE
$650M
| – | – |
-29,714
| Closed | -$1.11M |
|
658
Cencora
COR
$61.5B
| – | – |
-29,713
| Closed | -$2.88M |
|
659
Cheniere Energy
CQP
$32.1B
| – | – |
-266,879
| Closed | -$8.88M |
|
660
Cue Biopharma
CUE
$115M
| – | – |
-996
| Closed | -$450K |
|
661
Cytokinetics
CYTK
$10.9B
| – | – |
-270,382
| Closed | -$5.85M |
|
662
Dell
DELL
$287B
| – | – |
-91,348
| Closed | -$3.13M |
|
|
DX
663
Dynex Capital
DX
$3.19B
| – | – |
-102,489
| Closed | -$1.56M |
|
664
Encore Capital Group
ECPG
$2.13B
| – | – |
-17,180
| Closed | -$663K |
|
665
Fastenal
FAST
$58.1B
| – | – |
-63,436
| Closed | -$1.43M |
|
666
The Greenbrier Companies
GBX
$1.52B
| – | – |
-40,048
| Closed | -$1.18M |
|
667
GoodRx Holdings
GDRX
$1.24B
| – | – |
-700,000
| Closed | -$38.9M |
|
668
Global Payments
GPN
$23.5B
| – | – |
-223,012
| Closed | -$39.6M |
|
669
PUT
Inovio Pharmaceuticals
INO
$69.1M
| – | – |
-8,333
| Closed | -$1.16M |
|
670
Intel
INTC
$510B
| – | – |
-205,651
| Closed | -$10.6M |
|
671
Illinois Tool Works
ITW
$85B
| – | – |
-4,930
| Closed | -$953K |
|
672
JD.com
JD
$43.8B
| – | – |
-35,886
| Closed | -$2.79M |
|
|
LADR
673
Ladder Capital
LADR
$1.21B
| – | – |
-100,676
| Closed | -$717K |
|
674
Ligand Pharmaceuticals
LGND
$6.24B
| – | – |
-114,369
| Closed | -$6.8M |
|
675
Lockheed Martin
LMT
$134B
| – | – |
-14,198
| Closed | -$5.44M |
|
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.