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 |
Match Group
MTCH
|
+$1.51B |
| 2 |
Peloton Interactive
PTON
|
+$792M |
| 3 |
Twilio
TWLO
|
+$558M |
| 4 |
Teladoc Health
TDOC
|
+$484M |
| 5 |
Visa
V
|
+$365M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.24B |
| 2 |
BioMarin Pharmaceuticals
BMRN
|
+$702M |
| 3 |
Microsoft
MSFT
|
+$688M |
| 4 |
Mastercard
MA
|
+$665M |
| 5 |
Boeing
BA
|
+$548M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.06% |
| 2 | Consumer Discretionary | 23.86% |
| 3 | Communication Services | 13.34% |
| 4 | Healthcare | 10.36% |
| 5 | Financials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Regeneron Pharmaceuticals
REGN
$78.8B
| $37.4M | 0.03% |
66,884
-1,673
| -2% | -$1.01M |
|
227
Ares Management
ARES
$31.1B
| $37.4M | 0.03% |
925,565
+176,828
| +24% | +$7.06M |
|
228
Freshpet
FRPT
$3.3B
| $36.9M | 0.03% |
330,089
+57,612
| +21% | +$5.86M |
|
229
L3Harris
LHX
$53.9B
| $36.6M | 0.03% |
215,546
-10,919
| -5% | -$1.92M |
|
230
Vroom Inc
VRM
$50.9M
| $36.5M | 0.03% |
8,807
+1,003
| +13% | +$4.48M |
|
231
Microchip Technology
MCHP
$42.4B
| $36M | 0.03% |
701,398
+32,448
| +5% | +$1.69M |
|
232
Centene
CNC
$31.6B
| $36M | 0.03% |
616,798
-386,661
| -39% | -$24M |
|
233
Eversource Energy
ES
$27B
| $35.9M | 0.03% |
429,793
-7,548
| -2% | -$646K |
|
234
Alcon
ALC
$33.9B
| $35.9M | 0.03% |
631,204
-6,163,531
| -91% | -$363M |
|
|
FOCS
235
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $35.6M | 0.03% |
1,087,186
+544,946
| +100% | +$19.3M |
|
236
Prologis
PLD
$130B
| $35.2M | 0.03% |
349,750
+26,702
| +8% | +$2.68M |
|
237
Edison International
EIX
$25.9B
| $35.2M | 0.03% |
691,892
-752,659
| -52% | -$40.1M |
|
238
Tower Semiconductor
TSEM
$25.7B
| $35.1M | 0.03% |
1,929,095
+28,595
| +2% | +$577K |
|
239
National Vision
EYE
$1.82B
| $34.8M | 0.03% |
909,050
+296,505
| +48% | +$10.3M |
|
240
Acadia Healthcare
ACHC
$2.87B
| $34.7M | 0.03% |
1,178,724
+97,920
| +9% | +$2.84M |
|
241
Independence Realty Trust
IRT
$4.02B
| $34.7M | 0.03% |
2,995,141
+835,993
| +39% | +$9.58M |
|
242
IDEX
IEX
$17.3B
| $34.2M | 0.03% |
187,220
+37,840
| +25% | +$6.55M |
|
243
Enviri
NVRI
$648M
| $33.9M | 0.03% |
2,439,926
+930,927
| +62% | +$13.4M |
|
244
Goosehead Insurance
GSHD
$2.37B
| $33.7M | 0.03% |
388,850
-30,738
| -7% | -$2.8M |
|
245
Aptiv
APTV
$9.73B
| $33.6M | 0.03% |
366,912
-640
| -0.2% | -$53.7K |
|
246
East-West Bancorp
EWBC
$18.1B
| $33.5M | 0.03% |
1,024,177
-63,047
| -6% | -$2.23M |
|
247
Shift4
FOUR
$3.43B
| $33.4M | 0.03% |
690,853
+143,082
| +26% | +$6.36M |
|
248
Lattice Semiconductor
LSCC
$18.3B
| $33.2M | 0.03% |
1,147,640
+169,805
| +17% | +$4.99M |
|
|
EVOP
249
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $32.8M | 0.03% |
1,318,569
+785,927
| +148% | +$19.8M |
|
|
TXNM
250
TXNM Energy Inc
TXNM
$5.92B
| $32.4M | 0.03% |
784,242
+128,893
| +20% | +$5.38M |
|
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Jennison Associates's Q3 2020 Portfolio in Review
As of Q3 2020, Jennison Associates held 720 positions worth $124B, up 12% from $111B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q3 2020 filing shows 100 new, 258 increased, 257 reduced and 100 closed positions. Its largest new stake was Peloton Interactive: 10,766,951 shares worth $1.07B. The largest sale was Alibaba, an estimated $1.24B.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q3 2020 buy was Peloton Interactive: 10,766,951 shares worth $1.07B.
- Jennison Associates added most to Match Group in Q3 2020, an estimated $1.51B increase.
- Jennison Associates's biggest Q3 2020 reduction was Alibaba, cutting an estimated $1.24B.
- Jennison Associates fully exited Boeing in Q3 2020, selling an estimated $548M.
- Jennison Associates's ten largest holdings make up 42% of its $124B portfolio in Q3 2020.
- Jennison Associates opened 100 new positions and closed 100 in Q3 2020.
- Jennison Associates's portfolio value rose 12% quarter-over-quarter to $124B.
Based on Jennison Associates's 13F filing for Q3 2020, filed 4 Nov 2020.