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 | |
|---|---|---|---|---|---|---|
676
McKesson
MCK
$99.7B
| – | – |
-10,286
| Closed | -$1.53M |
|
677
McGrath RentCorp
MGRC
$2.97B
| – | – |
-8,415
| Closed | -$501K |
|
678
Monster Beverage
MNST
$92.7B
| – | – |
-58,784
| Closed | -$2.36M |
|
679
Merck
MRK
$318B
| – | – |
-26,792
| Closed | -$2.12M |
|
680
NiSource
NI
$20.4B
| – | – |
-1,870,142
| Closed | -$41.1M |
|
681
ONE Gas
OGS
$4.93B
| – | – |
-12,172
| Closed | -$840K |
|
|
ACH
682
Accendra Health
ACH
$230M
| – | – |
-35,259
| Closed | -$885K |
|
|
PDM
683
Piedmont Realty Trust
PDM
$1.2B
| – | – |
-116,686
| Closed | -$1.58M |
|
684
PetMed Express
PETS
$42.3M
| – | – |
-22,577
| Closed | -$714K |
|
685
PennyMac Financial
PFSI
$3.93B
| – | – |
-13,138
| Closed | -$764K |
|
686
Purple Innovation
PRPL
$40.4M
| – | – |
-1,095
| Closed | -$681K |
|
687
Qualys
QLYS
$6.61B
| – | – |
-5,014
| Closed | -$491K |
|
688
LiveRamp
RAMP
$2.3B
| – | – |
-342,156
| Closed | -$17.7M |
|
689
Regeneron Pharmaceuticals
REGN
$79.2B
| – | – |
-66,884
| Closed | -$37.4M |
|
690
Sturm, Ruger & Co
RGR
$613M
| – | – |
-11,916
| Closed | -$729K |
|
691
Renasant Corp
RNST
$4.03B
| – | – |
-557,335
| Closed | -$12.7M |
|
692
Construction Partners
ROAD
$6.02B
| – | – |
-250,648
| Closed | -$4.56M |
|
693
Rollins
ROL
$18B
| – | – |
-41,523
| Closed | -$1.5M |
|
694
SolarEdge
SEDG
$2.16B
| – | – |
-6,653
| Closed | -$1.59M |
|
695
Sportsman's Warehouse
SPWH
$46M
| – | – |
-53,375
| Closed | -$764K |
|
696
StepStone Group
STEP
$4.05B
| – | – |
-84,968
| Closed | -$2.26M |
|
697
Constellation Brands
STZ
$22.4B
| – | – |
-510,052
| Closed | -$96.7M |
|
698
AT&T
T
$157B
| – | – |
-1,217,070
| Closed | -$26.2M |
|
699
Teradyne
TER
$61.4B
| – | – |
-18,338
| Closed | -$1.46M |
|
|
THR
700
DELISTED
Thermon Group Holdings
THR
| – | – |
-281,154
| Closed | -$3.16M |
|
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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.