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 | |
|---|---|---|---|---|---|---|
176
Amphenol
APH
$198B
| $60.8M | 0.04% |
1,860,984
+283,552
| +18% | +$8.71M |
|
|
NVRO
177
DELISTED
NEVRO CORP.
NVRO
| $60.3M | 0.04% |
348,208
-21,244
| -6% | -$3.44M |
|
|
SWAV
178
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $59.9M | 0.04% |
577,106
-5,828
| -1% | -$505K |
|
|
PDCE
179
DELISTED
PDC Energy, Inc.
PDCE
| $59.2M | 0.04% |
2,881,926
+2,467,376
| +595% | +$38.6M |
|
180
Acadia Healthcare
ACHC
$2.76B
| $59.2M | 0.04% |
1,177,160
-1,564
| -0.1% | -$62.3K |
|
181
SAP
SAP
$212B
| $58.7M | 0.04% |
450,085
-153,657
| -25% | -$19.8M |
|
182
Genmab
GMAB
$17.7B
| $58.1M | 0.04% |
1,429,842
+349,845
| +32% | +$13.1M |
|
183
JB Hunt Transport Services
JBHT
$25.5B
| $57.9M | 0.04% |
423,613
-103,603
| -20% | -$13.7M |
|
184
Palo Alto Networks
PANW
$270B
| $57.6M | 0.04% |
972,366
-155,724
| -14% | -$7.28M |
|
185
East-West Bancorp
EWBC
$17.9B
| $57.1M | 0.04% |
1,126,865
+102,688
| +10% | +$4.36M |
|
186
Dow Inc
DOW
$21.9B
| $57.1M | 0.04% |
1,028,637
-14,653
| -1% | -$756K |
|
187
Alcon
ALC
$33.6B
| $56.2M | 0.04% |
847,030
+215,826
| +34% | +$13.5M |
|
188
Dollar General
DG
$28B
| $55.8M | 0.04% |
265,475
-29,807
| -10% | -$6.37M |
|
189
Xcel Energy
XEL
$48.8B
| $55.2M | 0.04% |
828,243
-17,972
| -2% | -$1.25M |
|
|
SGEN
190
DELISTED
Seagen Inc. Common Stock
SGEN
| $55.1M | 0.04% |
314,821
+14,268
| +5% | +$2.66M |
|
191
PTC
PTC
$15.8B
| $55M | 0.04% |
459,662
-25,821
| -5% | -$2.57M |
|
192
Fortive
FTV
$17.9B
| $54.9M | 0.04% |
1,027,754
+9,602
| +0.9% | +$494K |
|
|
AZEK
193
DELISTED
The AZEK Co
AZEK
| $54.5M | 0.04% |
1,418,465
+243,734
| +21% | +$8.8M |
|
194
Microchip Technology
MCHP
$40.3B
| $54.2M | 0.04% |
784,386
+82,988
| +12% | +$5.17M |
|
195
Agilent Technologies
A
$39.1B
| $53.8M | 0.04% |
453,702
-8,228
| -2% | -$910K |
|
196
O'Reilly Automotive
ORLY
$72.9B
| $53.6M | 0.04% |
1,777,830
+720
| +0% | +$21.7K |
|
197
Take-Two Interactive
TTWO
$45.4B
| $53M | 0.04% |
255,087
-37,783
| -13% | -$6.61M |
|
198
BJs Wholesale Club
BJ
$12.5B
| $52.6M | 0.04% |
1,410,622
+175,226
| +14% | +$7M |
|
|
EVBG
199
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $52.5M | 0.04% |
352,355
+31,824
| +10% | +$4.07M |
|
200
Tandem Diabetes Care
TNDM
$1.34B
| $52.3M | 0.04% |
546,576
-17,891
| -3% | -$1.84M |
|
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.