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 | 33.09% |
| 2 | Consumer Discretionary | 23.86% |
| 3 | Communication Services | 13.34% |
| 4 | Healthcare | 10.53% |
| 5 | Financials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Costco
COST
$419B
| $1.29B | 1.04% |
3,630,652
-233,659
| -6% | -$78.5M |
|
27
Uber
UBER
$161B
| $1.25B | 1% |
34,249,603
-10,887,953
| -24% | -$359M |
|
28
S&P Global
SPGI
$131B
| $1.19B | 0.96% |
3,311,734
-216,020
| -6% | -$76.2M |
|
|
COUP
29
DELISTED
Coupa Software Incorporated
COUP
| $1.18B | 0.95% |
4,312,534
-546,057
| -11% | -$159M |
|
30
Mercado Libre
MELI
$99.7B
| $1.17B | 0.94% |
1,082,707
+177,387
| +20% | +$192M |
|
31
DexCom
DXCM
$34.3B
| $1.13B | 0.91% |
10,951,460
-96,364
| -0.9% | -$10.1M |
|
32
Chipotle Mexican Grill
CMG
$48.1B
| $1.09B | 0.88% |
43,971,850
-2,508,550
| -5% | -$60.5M |
|
33
Atlassian
TEAM
$48.2B
| $1.09B | 0.88% |
6,000,657
+321,134
| +6% | +$57.3M |
|
|
34
Peloton Interactive
PTON
$2.39B
| $1.07B | 0.86% |
+10,766,951
| New | +$792M |
|
35
Union Pacific
UNP
$183B
| $1.06B | 0.85% |
5,397,596
+652,275
| +14% | +$121M |
|
36
Estee Lauder
EL
$37.4B
| $1.01B | 0.81% |
4,643,151
-1,056,127
| -19% | -$217M |
|
|
SPLK
37
DELISTED
Splunk Inc
SPLK
| $1.01B | 0.81% |
5,385,707
-313,388
| -5% | -$62.5M |
|
38
Spotify
SPOT
$113B
| $1.01B | 0.81% |
4,156,077
+1,174,190
| +39% | +$303M |
|
39
Vertex Pharmaceuticals
VRTX
$137B
| $982M | 0.79% |
3,609,084
-809,397
| -18% | -$223M |
|
40
Goldman Sachs
GS
$301B
| $955M | 0.77% |
4,751,122
-708,276
| -13% | -$144M |
|
41
ServiceNow
NOW
$150B
| $944M | 0.76% |
9,729,530
-462,730
| -5% | -$41.3M |
|
42
Workday
WDAY
$50.6B
| $937M | 0.75% |
4,354,757
+103,396
| +2% | +$20.5M |
|
43
Danaher
DHR
$152B
| $844M | 0.68% |
4,423,336
-146,519
| -3% | -$26.1M |
|
44
CrowdStrike
CRWD
$224B
| $843M | 0.68% |
24,564,236
-10,217,704
| -29% | -$298M |
|
45
Humana
HUM
$46.3B
| $712M | 0.57% |
1,720,054
+724,288
| +73% | +$291M |
|
46
American Tower
AMT
$82.1B
| $694M | 0.56% |
2,869,256
-37,558
| -1% | -$9.52M |
|
47
Eli Lilly
LLY
$1.05T
| $678M | 0.55% |
4,580,673
-3,482,699
| -43% | -$539M |
|
48
Intuitive Surgical
ISRG
$132B
| $636M | 0.51% |
2,689,068
-63,102
| -2% | -$14.2M |
|
49
Carvana
CVNA
$53.3B
| $431M | 0.35% |
9,668,060
+1,834,045
| +23% | +$65M |
|
50
Sarepta Therapeutics
SRPT
$2.2B
| $366M | 0.29% |
2,605,072
+2,021,091
| +346% | +$307M |
|
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 33% 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.