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 | |
|---|---|---|---|---|---|---|
626
Armstrong World Industries
AWI
$7.86B
| – | – |
-109,799
| Closed | -$8.56M |
|
627
American States Water
AWR
$3.33B
| – | – |
-6,008
| Closed | -$472K |
|
628
AutoZone
AZO
$50.1B
| – | – |
-3,356
| Closed | -$3.79M |
|
|
629
Boeing
BA
$190B
| – | – |
-2,992,266
| Closed | -$548M |
|
630
Bright Horizons
BFAM
$3.97B
| – | – |
-266,433
| Closed | -$31.2M |
|
631
Baker Hughes
BKR
$61.2B
| – | – |
-322,323
| Closed | -$4.96M |
|
632
BP
BP
$106B
| – | – |
-247,242
| Closed | -$5.77M |
|
633
Pathward Financial
CASH
$1.89B
| – | – |
-39,375
| Closed | -$715K |
|
634
CBRE Group
CBRE
$43.8B
| – | – |
-599,741
| Closed | -$27.1M |
|
635
Cohen & Steers
CNS
$4.33B
| – | – |
-10,311
| Closed | -$702K |
|
636
Cintas
CTAS
$80.6B
| – | – |
-34,332
| Closed | -$2.29M |
|
637
CoreCivic
CXW
$3.09B
| – | – |
-51,197
| Closed | -$479K |
|
638
Employers Holdings
EIG
$912M
| – | – |
-8,959
| Closed | -$270K |
|
639
Emcor
EME
$36.3B
| – | – |
-8,797
| Closed | -$582K |
|
640
EOG Resources
EOG
$71.5B
| – | – |
-135,191
| Closed | -$6.85M |
|
641
Evertec
EVTC
$1.93B
| – | – |
-28,509
| Closed | -$801K |
|
642
First Financial Bancorp
FFBC
$3.61B
| – | – |
-32,343
| Closed | -$449K |
|
|
FISV
643
Fiserv Inc
FISV
$28.9B
| – | – |
-328,878
| Closed | -$32.1M |
|
644
Fair Isaac
FICO
$23.6B
| – | – |
-10,355
| Closed | -$4.33M |
|
645
Fidelity National Information Services
FIS
$22.1B
| – | – |
-192,143
| Closed | -$25.8M |
|
646
Federal Signal
FSS
$7.95B
| – | – |
-24,233
| Closed | -$720K |
|
647
Fortinet
FTNT
$120B
| – | – |
-108,595
| Closed | -$2.98M |
|
|
GBIO
648
DELISTED
Generation Bio
GBIO
| – | – |
-2,453
| Closed | -$515K |
|
649
Glaukos
GKOS
$10.1B
| – | – |
-207,310
| Closed | -$7.96M |
|
|
GMS
650
DELISTED
GMS Inc
GMS
| – | – |
-24,458
| Closed | -$601K |
|
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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.