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 | |
|---|---|---|---|---|---|---|
|
AVLR
201
DELISTED
Avalara, Inc.
AVLR
| $51.9M | 0.04% |
315,042
-107,049
| -25% | -$17.1M |
|
202
Lattice Semiconductor
LSCC
$18B
| $51.8M | 0.04% |
1,131,089
-16,551
| -1% | -$640K |
|
203
Cousins Properties
CUZ
$5.17B
| $51.2M | 0.04% |
1,529,466
-36,840
| -2% | -$1.14M |
|
204
Q2 Holdings
QTWO
$3.89B
| $51.2M | 0.04% |
404,454
-60,315
| -13% | -$6.5M |
|
205
Teleflex
TFX
$6.18B
| $49.8M | 0.04% |
120,991
-21,453
| -15% | -$7.91M |
|
|
FOCS
206
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $49.7M | 0.04% |
1,142,869
+55,683
| +5% | +$2.23M |
|
|
SAGE
207
DELISTED
Sage Therapeutics
SAGE
| $48.8M | 0.03% |
563,968
+125,603
| +29% | +$9.26M |
|
208
HubSpot
HUBS
$12.3B
| $48.8M | 0.03% |
123,037
-72,534
| -37% | -$25.5M |
|
209
Thermo Fisher Scientific
TMO
$213B
| $48.8M | 0.03% |
104,709
+36,937
| +55% | +$17.3M |
|
210
Etsy
ETSY
$7.89B
| $48.7M | 0.03% |
273,998
-225,995
| -45% | -$34M |
|
211
Target
TGT
$67.8B
| $47.9M | 0.03% |
+271,571
| New | +$45.3M |
|
212
Kontoor Brands
KTB
$4.68B
| $47.9M | 0.03% |
1,181,472
-437,918
| -27% | -$16.1M |
|
213
Elevance Health
ELV
$83B
| $47.8M | 0.03% |
149,002
+50,862
| +52% | +$15.6M |
|
|
XLNX
214
DELISTED
Xilinx Inc
XLNX
| $47.5M | 0.03% |
+334,738
| New | +$43.5M |
|
215
Tower Semiconductor
TSEM
$26.5B
| $47.2M | 0.03% |
1,828,435
-100,660
| -5% | -$2.3M |
|
216
Aptiv
APTV
$12.1B
| $47M | 0.03% |
360,445
-6,467
| -2% | -$718K |
|
|
NVO
217
Novo Nordisk
NVO
$208B
| $46.6M | 0.03% |
1,335,530
-681,190
| -34% | -$23.5M |
|
|
AGR
218
DELISTED
Avangrid, Inc.
AGR
| $45.4M | 0.03% |
998,916
-21,674
| -2% | -$1.06M |
|
219
WSFS Financial
WSFS
$4.19B
| $45.4M | 0.03% |
1,011,167
+282,496
| +39% | +$10.4M |
|
220
Deere & Co
DE
$163B
| $45.3M | 0.03% |
168,460
+44,396
| +36% | +$11M |
|
221
Cardlytics
CDLX
$23.6M
| $45.3M | 0.03% |
31,732
-28,109
| -47% | -$30M |
|
222
Littelfuse
LFUS
$11.3B
| $45M | 0.03% |
176,797
-77,082
| -30% | -$17.1M |
|
223
JELD-WEN Holding
JELD
$124M
| $44.3M | 0.03% |
1,745,149
+817,469
| +88% | +$19.6M |
|
224
Becton Dickinson
BDX
$46.9B
| $44.2M | 0.03% |
+181,146
| New | +$42.2M |
|
225
Wintrust Financial
WTFC
$10.9B
| $44.1M | 0.03% |
721,197
-13,070
| -2% | -$703K |
|
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.