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 | |
|---|---|---|---|---|---|---|
101
Ross Stores
ROST
$81.1B
| $108M | 0.08% |
880,847
-53
| -0% | -$5.56K |
|
102
Truist Financial
TFC
$63.4B
| $108M | 0.08% |
2,245,156
-74,240
| -3% | -$3.36M |
|
103
DTE Energy
DTE
$29.5B
| $105M | 0.08% |
1,020,480
+439,710
| +76% | +$46.3M |
|
104
WIX.com
WIX
$2.38B
| $105M | 0.08% |
420,820
+160,290
| +62% | +$42.2M |
|
105
Essential Utilities
WTRG
$11B
| $104M | 0.07% |
2,199,542
-31,282
| -1% | -$1.39M |
|
106
Five Below
FIVE
$12B
| $102M | 0.07% |
581,259
-216,272
| -27% | -$32M |
|
|
TPTX
107
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $101M | 0.07% |
832,596
+200,564
| +32% | +$22M |
|
108
Okta
OKTA
$24.6B
| $101M | 0.07% |
398,570
+58,026
| +17% | +$13.8M |
|
109
Citigroup
C
$224B
| $101M | 0.07% |
1,639,932
+270,138
| +20% | +$13.7M |
|
110
Procter & Gamble
PG
$338B
| $99.2M | 0.07% |
713,165
+998
| +0.1% | +$139K |
|
111
Alliant Energy
LNT
$18.4B
| $98.6M | 0.07% |
1,914,054
-27,221
| -1% | -$1.46M |
|
112
PepsiCo
PEP
$191B
| $98.3M | 0.07% |
662,540
-29,545
| -4% | -$4.2M |
|
113
IQVIA
IQV
$38.4B
| $97.8M | 0.07% |
545,905
+92,449
| +20% | +$15.6M |
|
114
Saia
SAIA
$9.61B
| $97.2M | 0.07% |
537,429
-130,761
| -20% | -$21.5M |
|
115
CenterPoint Energy
CNP
$27.6B
| $93.1M | 0.07% |
4,303,233
+1,003,178
| +30% | +$22.2M |
|
116
Equinix
EQIX
$102B
| $91M | 0.06% |
127,404
-26,404
| -17% | -$19.7M |
|
|
PPD
117
DELISTED
PPD, Inc. Common Stock
PPD
| $90.8M | 0.06% |
2,653,050
+457,350
| +21% | +$16M |
|
118
SBA Communications
SBAC
$19B
| $89.7M | 0.06% |
318,056
-50,542
| -14% | -$14.8M |
|
119
Duke Energy
DUK
$96.9B
| $89.1M | 0.06% |
973,201
+204,513
| +27% | +$18.9M |
|
120
Public Service Enterprise Group
PEG
$38.2B
| $86.1M | 0.06% |
1,477,353
-32,056
| -2% | -$1.87M |
|
121
Brunswick
BC
$5.16B
| $85.5M | 0.06% |
1,121,484
+256,185
| +30% | +$18.1M |
|
122
WillScot Mobile Mini Holdings
WSC
$4.66B
| $85.1M | 0.06% |
3,671,933
-190,730
| -5% | -$3.85M |
|
123
Phreesia
PHR
$698M
| $84.8M | 0.06% |
1,562,590
+92,826
| +6% | +$3.98M |
|
124
American Water Works
AWK
$26.1B
| $84.7M | 0.06% |
552,152
-9,757
| -2% | -$1.5M |
|
125
McDonald's
MCD
$188B
| $84.5M | 0.06% |
393,762
+26,987
| +7% | +$5.87M |
|
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.