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 | |
|---|---|---|---|---|---|---|
|
ACCD
351
DELISTED
Accolade Inc
ACCD
| $13.4M | 0.01% |
+346,009
| New | +$11.9M |
|
|
SAND
352
DELISTED
Sandstorm Gold
SAND
| $12.9M | 0.01% |
1,534,390
+19,115
| +1% | +$177K |
|
|
PFPT
353
DELISTED
Proofpoint, Inc.
PFPT
| $12.8M | 0.01% |
121,368
-107,436
| -47% | -$12M |
|
354
Renasant Corp
RNST
$3.96B
| $12.7M | 0.01% |
557,335
+9,839
| +2% | +$237K |
|
355
ProQR Therapeutics
PRQR
$268M
| $12.6M | 0.01% |
2,634,140
+8,626
| +0.3% | +$45.1K |
|
356
HealthEquity
HQY
$8.65B
| $12.6M | 0.01% |
245,559
-11,473
| -4% | -$630K |
|
|
HRC
357
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $12.5M | 0.01% |
149,903
-282,238
| -65% | -$27.6M |
|
358
Agios Pharmaceuticals
AGIO
$1.91B
| $12.5M | 0.01% |
357,111
+3,994
| +1% | +$175K |
|
359
Mueller Water Products
MWA
$4.24B
| $12.5M | 0.01% |
1,199,246
-24,638
| -2% | -$257K |
|
|
SMAR
360
DELISTED
Smartsheet Inc.
SMAR
| $12.3M | 0.01% |
+248,920
| New | +$12M |
|
361
SelectQuote
SLQT
$120M
| $12.2M | 0.01% |
602,327
-162,950
| -21% | -$3.39M |
|
362
Enterprise Financial Services Corp
EFSC
$2.4B
| $11.9M | 0.01% |
434,939
+7,601
| +2% | +$225K |
|
363
Moelis & Co
MC
$4.98B
| $11.8M | 0.01% |
336,605
-816,380
| -71% | -$25.8M |
|
364
Lemonade
LMND
$4.01B
| $11.5M | 0.01% |
+231,196
| New | +$14.5M |
|
|
ALXN
365
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $11.4M | 0.01% |
+100,000
| New | +$10.8M |
|
366
Iovance Biotherapeutics
IOVA
$2.77B
| $11.4M | 0.01% |
346,482
+1,243
| +0.4% | +$38.1K |
|
367
Targa Resources
TRGP
$57.6B
| $11.4M | 0.01% |
812,187
-17,252
| -2% | -$303K |
|
368
Seacoast Banking Corp of Florida
SBCF
$3.34B
| $11.3M | 0.01% |
629,223
+7,225
| +1% | +$140K |
|
369
Black Diamond Therapeutics
BDTX
$110M
| $11.1M | 0.01% |
368,365
-60,441
| -14% | -$1.84M |
|
370
Universal Display
OLED
$4.01B
| $11.1M | 0.01% |
61,438
| – | – |
|
371
Byline Bancorp
BY
$1.79B
| $11M | 0.01% |
974,384
+63,363
| +7% | +$792K |
|
372
Outset Medical
OM
$96.4M
| $11M | 0.01% |
+14,653
| New | +$12M |
|
|
GTH
373
DELISTED
Genetron Holdings Limited ADS
GTH
| $10.9M | 0.01% |
303,476
+51,687
| +21% | +$1.99M |
|
374
Intel
INTC
$503B
| $10.6M | 0.01% |
205,651
-35,728
| -15% | -$1.86M |
|
375
Utz Brands
UTZ
$1.25B
| $10.6M | 0.01% |
+593,903
| New | +$9.01M |
|
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.