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 | |
|---|---|---|---|---|---|---|
51
Zoom
ZM
$28.2B
| $457M | 0.33% |
1,354,892
+1,351,878
| +44,853% | +$603M |
|
|
DOCU
52
DocuSign
DOCU
$10.5B
| $428M | 0.31% |
1,927,328
+511,088
| +36% | +$115M |
|
53
Sarepta Therapeutics
SRPT
$1.57B
| $414M | 0.3% |
2,427,892
-177,180
| -7% | -$26.3M |
|
54
Dynatrace
DT
$12.9B
| $390M | 0.28% |
9,010,629
+1,878,678
| +26% | +$74.6M |
|
55
Guardant Health
GH
$21.7B
| $388M | 0.28% |
3,006,977
-170,468
| -5% | -$19.6M |
|
56
NextEra Energy
NEE
$181B
| $332M | 0.24% |
4,305,097
-68,479
| -2% | -$5.12M |
|
57
Eli Lilly
LLY
$1.02T
| $317M | 0.23% |
1,878,843
-2,701,830
| -59% | -$403M |
|
58
Chewy
CHWY
$9.25B
| $303M | 0.22% |
3,366,537
+30,131
| +0.9% | +$2.2M |
|
59
Dominion Energy
D
$60.8B
| $289M | 0.21% |
3,846,843
+291,376
| +8% | +$23.1M |
|
60
Sea Limited
SE
$65.4B
| $284M | 0.2% |
1,427,442
+296,127
| +26% | +$52.7M |
|
61
JPMorgan Chase
JPM
$935B
| $267M | 0.19% |
2,100,286
+55,795
| +3% | +$6.24M |
|
62
Edwards Lifesciences
EW
$49.6B
| $239M | 0.17% |
2,614,569
-819,389
| -24% | -$68M |
|
|
XIFR
63
XPLR Infrastructure LP
XIFR
$1.12B
| $222M | 0.16% |
3,308,371
-176,961
| -5% | -$11.4M |
|
64
Linde
LIN
$221B
| $219M | 0.16% |
830,990
-56,427
| -6% | -$13.8M |
|
65
Zoetis
ZTS
$32.4B
| $205M | 0.15% |
1,239,292
-193,711
| -14% | -$31.5M |
|
66
American Electric Power
AEP
$69.6B
| $199M | 0.14% |
2,386,138
-370,314
| -13% | -$32.1M |
|
67
Chevron
CVX
$392B
| $198M | 0.14% |
2,350,419
+674,338
| +40% | +$54.6M |
|
68
Texas Instruments
TXN
$252B
| $198M | 0.14% |
1,208,125
+90,453
| +8% | +$14.1M |
|
69
Ameren
AEE
$30.3B
| $187M | 0.13% |
2,393,009
-34,539
| -1% | -$2.77M |
|
70
Walmart Inc
WMT
$885B
| $184M | 0.13% |
3,825,885
-17,106
| -0.4% | -$831K |
|
71
UnitedHealth
UNH
$376B
| $176M | 0.13% |
500,632
+149,882
| +43% | +$50.2M |
|
|
72
Goldman Sachs
GS
$300B
| $174M | 0.12% |
658,428
-4,092,694
| -86% | -$911M |
|
73
Natera
NTRA
$38.3B
| $173M | 0.12% |
1,738,195
-386,176
| -18% | -$32.3M |
|
74
Walt Disney
DIS
$167B
| $166M | 0.12% |
915,659
+107,303
| +13% | +$15.4M |
|
75
Qualcomm
QCOM
$155B
| $161M | 0.11% |
1,058,452
-1,803
| -0.2% | -$251K |
|
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.