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 | |
|---|---|---|---|---|---|---|
126
Molina Healthcare
MOH
$10B
| $84.2M | 0.06% |
395,953
-6,108
| -2% | -$1.26M |
|
127
Capital One
COF
$136B
| $82.3M | 0.06% |
832,131
-2,216
| -0.3% | -$188K |
|
128
Darling Ingredients
DAR
$9.62B
| $81.4M | 0.06% |
1,411,286
-543,212
| -28% | -$26M |
|
|
CTLT
129
DELISTED
CATALENT, INC.
CTLT
| $80.5M | 0.06% |
773,407
-31,627
| -4% | -$3.07M |
|
130
Shift4
FOUR
$4.35B
| $79.9M | 0.06% |
1,059,890
+369,037
| +53% | +$22.1M |
|
131
Quanta Services
PWR
$106B
| $79.5M | 0.06% |
1,104,134
-246,394
| -18% | -$16.2M |
|
132
Performance Food Group
PFGC
$17.7B
| $79.1M | 0.06% |
1,661,890
-533,146
| -24% | -$22.5M |
|
133
AES
AES
$10.5B
| $78.7M | 0.06% |
3,348,983
+453,990
| +16% | +$9.43M |
|
134
Edison International
EIX
$27.6B
| $78.4M | 0.06% |
1,247,326
+555,434
| +80% | +$33.5M |
|
135
Enbridge
ENB
$117B
| $78M | 0.06% |
2,440,708
+474,084
| +24% | +$14.4M |
|
136
FirstEnergy
FE
$28B
| $76.7M | 0.05% |
2,504,111
-1,231,548
| -33% | -$36.9M |
|
137
Zurn Elkay Water Solutions
ZWS
$8.75B
| $76.4M | 0.05% |
4,014,060
-717,242
| -15% | -$12.3M |
|
138
Globant
GLOB
$1.62B
| $76.3M | 0.05% |
350,757
+31,470
| +10% | +$6.08M |
|
139
D.R. Horton
DHI
$41.7B
| $76.1M | 0.05% |
1,104,867
-255,474
| -19% | -$18.6M |
|
140
Airbnb
ABNB
$88.8B
| $75.7M | 0.05% |
+515,498
| New | +$76.1M |
|
141
Labcorp
LH
$25.3B
| $74.5M | 0.05% |
426,043
+21,175
| +5% | +$3.66M |
|
142
Otis Worldwide
OTIS
$28B
| $73.5M | 0.05% |
1,087,754
+2,860
| +0.3% | +$186K |
|
|
AAMI
143
Acadian Asset Management
AAMI
$3.29B
| $73.1M | 0.05% |
3,791,701
-175,041
| -4% | -$2.95M |
|
144
Burlington
BURL
$23.2B
| $73M | 0.05% |
278,955
+54,320
| +24% | +$12.1M |
|
145
Sempra
SRE
$56.9B
| $72.7M | 0.05% |
1,141,648
-76,664
| -6% | -$4.93M |
|
146
United Rentals
URI
$71.2B
| $72.5M | 0.05% |
312,538
-108,369
| -26% | -$22.9M |
|
147
Avient
AVNT
$3.48B
| $71.8M | 0.05% |
1,783,543
-292,276
| -14% | -$10.3M |
|
148
Cognex
CGNX
$11.9B
| $71.4M | 0.05% |
889,132
+31,835
| +4% | +$2.31M |
|
149
AbbVie
ABBV
$430B
| $71.2M | 0.05% |
664,265
+118,166
| +22% | +$11.4M |
|
|
BAND
150
Bandwidth Inc
BAND
$1.47B
| $71.1M | 0.05% |
462,519
-22,479
| -5% | -$3.71M |
|
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.