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 | |
|---|---|---|---|---|---|---|
|
MAXR
576
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $757K | ﹤0.01% |
30,370
-23,694
| -44% | -$525K |
|
577
Plexus
PLXS
$7.35B
| $751K | ﹤0.01% |
+10,635
| New | +$780K |
|
|
MIK
578
DELISTED
Michaels Stores, Inc
MIK
| $735K | ﹤0.01% |
+76,173
| New | +$661K |
|
579
Sturm, Ruger & Co
RGR
$614M
| $729K | ﹤0.01% |
11,916
+1,383
| +13% | +$102K |
|
|
LADR
580
Ladder Capital
LADR
$1.2B
| $717K | ﹤0.01% |
+100,676
| New | +$757K |
|
581
PetMed Express
PETS
$42.1M
| $714K | ﹤0.01% |
22,577
-25
| -0.1% | -$827 |
|
582
MacroGenics
MGNX
$248M
| $703K | ﹤0.01% |
+27,895
| New | +$762K |
|
583
Axos Financial
AX
$5.89B
| $696K | ﹤0.01% |
29,847
-50
| -0.2% | -$1.14K |
|
584
Altria Group
MO
$114B
| $689K | ﹤0.01% |
17,838
-9,442
| -35% | -$393K |
|
585
Purple Innovation
PRPL
$40.3M
| $681K | ﹤0.01% |
1,095
-1
| -0.1% | -$532 |
|
586
Beazer Homes USA
BZH
$931M
| $680K | ﹤0.01% |
+51,502
| New | +$602K |
|
587
Camping World
CWH
$670M
| $677K | ﹤0.01% |
22,766
-10,164
| -31% | -$332K |
|
588
Arbor Realty Trust
ABR
$965M
| $668K | ﹤0.01% |
+58,228
| New | +$610K |
|
|
PING
589
DELISTED
Ping Identity Holding Corp.
PING
| $668K | ﹤0.01% |
+21,415
| New | +$703K |
|
590
Philip Morris
PM
$294B
| $666K | ﹤0.01% |
8,876
-928
| -9% | -$71.6K |
|
591
Vishay Intertechnology
VSH
$5.09B
| $664K | ﹤0.01% |
42,646
-3,518
| -8% | -$55.8K |
|
592
Encore Capital Group
ECPG
$1.99B
| $663K | ﹤0.01% |
+17,180
| New | +$685K |
|
|
SPTN
593
DELISTED
SpartanNash
SPTN
| $647K | ﹤0.01% |
+39,559
| New | +$790K |
|
594
Malibu Boats
MBUU
$575M
| $623K | ﹤0.01% |
12,579
+6,546
| +109% | +$356K |
|
|
BHVN
595
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $618K | ﹤0.01% |
9,503
+175
| +2% | +$11.5K |
|
596
Mativ Holdings
MATV
$527M
| $609K | ﹤0.01% |
20,032
-29
| -0.1% | -$911 |
|
597
UMB Financial
UMBF
$11.2B
| $607K | ﹤0.01% |
+12,390
| New | +$625K |
|
598
New Jersey Resources
NJR
$5.62B
| $597K | ﹤0.01% |
22,100
+6,569
| +42% | +$200K |
|
599
Southwest Gas
SWX
$6.56B
| $595K | ﹤0.01% |
+9,437
| New | +$631K |
|
|
TRTN
600
DELISTED
Triton International Limited
TRTN
| $589K | ﹤0.01% |
+14,486
| New | +$495K |
|
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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.