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 | |
|---|---|---|---|---|---|---|
|
GFLU
276
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
| $26.7M | 0.02% |
500,449
+47,497
| +10% | +$2.47M |
|
277
Elevance Health
ELV
$84.8B
| $26.4M | 0.02% |
98,140
+507
| +0.5% | +$136K |
|
278
AT&T
T
$162B
| $26.2M | 0.02% |
1,217,070
-284,817
| -19% | -$6.37M |
|
279
Houlihan Lokey
HLI
$8.92B
| $25.3M | 0.02% |
427,720
+4,562
| +1% | +$261K |
|
280
Sprouts Farmers Market
SFM
$8.13B
| $25.1M | 0.02% |
1,199,620
-158,665
| -12% | -$3.8M |
|
281
Apollo Global Management
APO
$73.6B
| $25.1M | 0.02% |
560,802
+242,700
| +76% | +$11.7M |
|
282
Sunrun
RUN
$2.24B
| $24.4M | 0.02% |
316,585
-207,072
| -40% | -$9.75M |
|
283
CRISPR Therapeutics
CRSP
$4.99B
| $23.4M | 0.02% |
280,101
+913
| +0.3% | +$81K |
|
284
Ametek
AME
$57.6B
| $23.3M | 0.02% |
234,727
-156,214
| -40% | -$15.1M |
|
285
MaxLinear
MXL
$6.36B
| $23.3M | 0.02% |
1,002,789
+23,972
| +2% | +$591K |
|
286
Ferrari
RACE
$71.5B
| $23M | 0.02% |
125,061
+21,340
| +21% | +$3.97M |
|
287
TotalEnergies
TTE
$191B
| $22.8M | 0.02% |
664,526
-7,829
| -1% | -$298K |
|
|
SPWR
288
DELISTED
SunPower Corporation Common Stock
SPWR
| $22.6M | 0.02% |
+1,805,765
| New | +$15.2M |
|
289
CDW
CDW
$18.2B
| $22.5M | 0.02% |
188,617
-197,108
| -51% | -$22.5M |
|
290
TFI International
TFII
$11.3B
| $22M | 0.02% |
526,010
+1,800
| +0.3% | +$75.8K |
|
291
Newmont
NEM
$111B
| $21.9M | 0.02% |
345,371
-48,351
| -12% | -$3.15M |
|
292
Kennametal
KMT
$2.58B
| $21.7M | 0.02% |
751,094
+269,108
| +56% | +$7.8M |
|
293
Zai Lab
ZLAB
$2.35B
| $21.5M | 0.02% |
258,665
+4,537
| +2% | +$364K |
|
294
eHealth
EHTH
$42.5M
| $21.4M | 0.02% |
270,652
+150,231
| +125% | +$12.2M |
|
295
FIVE9
FIVN
$2.17B
| $21.2M | 0.02% |
163,421
+89,593
| +121% | +$10.8M |
|
296
Vital Farms
VITL
$532M
| $21M | 0.02% |
+517,693
| New | +$19.6M |
|
297
JELD-WEN Holding
JELD
$154M
| $21M | 0.02% |
927,680
+486,259
| +110% | +$9.95M |
|
|
B
298
Barrick Mining
B
$69.5B
| $20.9M | 0.02% |
742,591
-59,819
| -7% | -$1.7M |
|
299
Curtiss-Wright
CW
$26.4B
| $20.9M | 0.02% |
223,804
+82,496
| +58% | +$7.92M |
|
300
Trex
TREX
$4.92B
| $20.5M | 0.02% |
286,006
-48,544
| -15% | -$3.36M |
|
Similar funds
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.