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 | |
|---|---|---|---|---|---|---|
|
APLS
76
DELISTED
Apellis Pharmaceuticals
APLS
| $159M | 0.11% |
2,772,420
-65,366
| -2% | -$2.76M |
|
77
American Tower
AMT
$80.6B
| $157M | 0.11% |
697,720
-2,171,536
| -76% | -$505M |
|
78
Chubb
CB
$134B
| $155M | 0.11% |
1,009,690
+29,099
| +3% | +$4.08M |
|
79
Johnson Controls International
JCI
$88.7B
| $153M | 0.11% |
3,282,915
+294,950
| +10% | +$13.1M |
|
80
Nice
NICE
$5.9B
| $153M | 0.11% |
538,610
+161,165
| +43% | +$39.2M |
|
81
PNC Financial Services
PNC
$100B
| $150M | 0.11% |
1,007,119
-8,184
| -0.8% | -$1.05M |
|
82
FMC
FMC
$1.3B
| $148M | 0.11% |
1,288,949
-20,942
| -2% | -$2.33M |
|
83
Cigna
CI
$74.5B
| $147M | 0.1% |
706,492
+36,525
| +5% | +$7.16M |
|
84
Lowe's Companies
LOW
$119B
| $144M | 0.1% |
896,204
-56,663
| -6% | -$9.2M |
|
85
General Motors
GM
$79.3B
| $142M | 0.1% |
3,411,260
+376,174
| +12% | +$14.6M |
|
86
Crown Holdings
CCK
$13B
| $141M | 0.1% |
1,407,333
+470,928
| +50% | +$43.3M |
|
87
CMS Energy
CMS
$22.5B
| $140M | 0.1% |
2,286,623
-50,892
| -2% | -$3.18M |
|
88
Bank of America
BAC
$438B
| $139M | 0.1% |
4,576,966
+407,624
| +10% | +$10.9M |
|
89
MetLife
MET
$62B
| $137M | 0.1% |
2,912,159
+113,886
| +4% | +$4.94M |
|
90
Zimmer Biomet
ZBH
$18.8B
| $134M | 0.1% |
893,075
+56,000
| +7% | +$7.91M |
|
91
Williams Companies
WMB
$86.1B
| $132M | 0.09% |
6,562,795
-177,254
| -3% | -$3.59M |
|
92
RTX Corp
RTX
$292B
| $129M | 0.09% |
1,801,415
-9,404
| -0.5% | -$618K |
|
93
Broadcom
AVGO
$1.87T
| $125M | 0.09% |
2,860,450
-102,620
| -3% | -$4M |
|
94
argenx
ARGX
$52B
| $123M | 0.09% |
417,627
-9,738
| -2% | -$2.68M |
|
95
Entergy
ETR
$50.4B
| $119M | 0.08% |
2,384,902
-52,468
| -2% | -$2.76M |
|
96
Verizon
VZ
$198B
| $118M | 0.08% |
2,008,696
+13,828
| +0.7% | +$821K |
|
97
Mondelez International
MDLZ
$78.8B
| $116M | 0.08% |
1,979,577
-297,881
| -13% | -$17M |
|
98
Cheniere Energy
LNG
$54.1B
| $115M | 0.08% |
1,915,095
-57,022
| -3% | -$3.06M |
|
99
Bristol-Myers Squibb
BMY
$134B
| $114M | 0.08% |
1,838,039
+97,164
| +6% | +$5.97M |
|
|
FOLD
100
DELISTED
Amicus Therapeutics
FOLD
| $109M | 0.08% |
4,702,583
-657,222
| -12% | -$13.4M |
|
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.