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 | |
|---|---|---|---|---|---|---|
326
Southern Copper
SCCO
$161B
| $16.1M | 0.01% |
383,453
+20,166
| +6% | +$837K |
|
|
AMK
327
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $16M | 0.01% |
736,164
+86,981
| +13% | +$2.19M |
|
328
Hamilton Lane
HLNE
$5.43B
| $16M | 0.01% |
247,538
+239,189
| +2,865% | +$16.4M |
|
329
BHP
BHP
$223B
| $16M | 0.01% |
346,237
-36,626
| -10% | -$1.76M |
|
330
First Bancorp
FBNC
$2.66B
| $15.9M | 0.01% |
761,706
+14,681
| +2% | +$315K |
|
331
Twist Bioscience
TWST
$6.84B
| $15.9M | 0.01% |
+209,413
| New | +$13M |
|
332
Kinder Morgan
KMI
$69.7B
| $15.8M | 0.01% |
1,280,533
-1,072,143
| -46% | -$14.9M |
|
333
Novavax
NVAX
$1.27B
| $15.7M | 0.01% |
+145,169
| New | +$17.7M |
|
334
Cisco
CSCO
$476B
| $15.6M | 0.01% |
396,720
-159,660
| -29% | -$6.96M |
|
|
GWPH
335
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $15.3M | 0.01% |
+156,670
| New | +$18M |
|
|
BNR
336
Burning Rock Biotech
BNR
$93.7M
| $15.2M | 0.01% |
60,511
+13,306
| +28% | +$3.15M |
|
337
NeoGenomics
NEO
$2B
| $15M | 0.01% |
407,812
+12,113
| +3% | +$450K |
|
338
Royal Gold
RGLD
$18.5B
| $14.9M | 0.01% |
124,210
+11,526
| +10% | +$1.51M |
|
|
SRE.PRA
339
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $14.6M | 0.01% |
147,944
-2,798
| -2% | -$285K |
|
340
Freeport-McMoran
FCX
$95.5B
| $14.4M | 0.01% |
920,717
+178,972
| +24% | +$2.58M |
|
341
BlackLine
BL
$1.76B
| $14.4M | 0.01% |
160,548
+4,221
| +3% | +$354K |
|
342
Huron Consulting
HURN
$2.39B
| $14.2M | 0.01% |
362,220
+49,824
| +16% | +$2.17M |
|
343
Vertex
VERX
$1.88B
| $14.2M | 0.01% |
+617,756
| New | +$15M |
|
344
Simulations Plus
SLP
$371M
| $14M | 0.01% |
+186,282
| New | +$12M |
|
345
Norfolk Southern
NSC
$76.9B
| $14M | 0.01% |
65,463
+11,359
| +21% | +$2.28M |
|
346
Enerpac Tool Group
EPAC
$1.92B
| $13.8M | 0.01% |
735,655
-194,374
| -21% | -$3.88M |
|
347
Denali Therapeutics
DNLI
$3.92B
| $13.7M | 0.01% |
383,727
-56,914
| -13% | -$1.71M |
|
348
Adecoagro
AGRO
$1.35B
| $13.7M | 0.01% |
2,942,744
-231,254
| -7% | -$1.09M |
|
349
Knight Transportation
KNX
$11.3B
| $13.6M | 0.01% |
+335,011
| New | +$14.7M |
|
350
Boot Barn
BOOT
$4.97B
| $13.5M | 0.01% |
479,985
-139,254
| -22% | -$3.38M |
|
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.