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 | |
|---|---|---|---|---|---|---|
651
Guidewire Software
GWRE
$13.3B
| – | – |
-219,430
| Closed | -$24.3M |
|
652
HCA Healthcare
HCA
$88.5B
| – | – |
-11,626
| Closed | -$1.13M |
|
653
HUB Group
HUBG
$2.83B
| – | – |
-18,276
| Closed | -$437K |
|
654
Itron
ITRI
$4.5B
| – | – |
-15,846
| Closed | -$1.05M |
|
655
Jack Henry & Associates
JKHY
$11.2B
| – | – |
-9,952
| Closed | -$1.83M |
|
656
Johnson & Johnson
JNJ
$619B
| – | – |
-12,883
| Closed | -$1.81M |
|
657
Kirby Corp
KEX
$7.11B
| – | – |
-43,063
| Closed | -$2.31M |
|
658
Korn Ferry
KFY
$4.2B
| – | – |
-1,043,573
| Closed | -$32.1M |
|
659
Coca-Cola
KO
$374B
| – | – |
-48,800
| Closed | -$2.18M |
|
|
KW
660
DELISTED
Kennedy-Wilson Holdings
KW
| – | – |
-75,079
| Closed | -$1.14M |
|
661
Lincoln National
LNC
$8.93B
| – | – |
-36,579
| Closed | -$1.35M |
|
662
Lamb Weston
LW
$7.16B
| – | – |
-245,174
| Closed | -$15.7M |
|
|
MASI
663
DELISTED
Masimo
MASI
| – | – |
-5,949
| Closed | -$1.36M |
|
664
Madrigal Pharmaceuticals
MDGL
$11.8B
| – | – |
-177,565
| Closed | -$20.1M |
|
665
Maximus
MMS
$3.06B
| – | – |
-15,312
| Closed | -$1.08M |
|
666
Marathon Petroleum
MPC
$84B
| – | – |
-97,237
| Closed | -$3.63M |
|
667
MSCI
MSCI
$41.2B
| – | – |
-4,147
| Closed | -$1.38M |
|
668
Vail Resorts
MTN
$5.23B
| – | – |
-69,339
| Closed | -$12.6M |
|
669
Neurocrine Biosciences
NBIX
$16.2B
| – | – |
-341,858
| Closed | -$41.7M |
|
670
NorthWestern Energy
NWE
$4.32B
| – | – |
-8,273
| Closed | -$451K |
|
671
Nexstar Media Group
NXST
$5.74B
| – | – |
-26,180
| Closed | -$2.19M |
|
672
NextCure
NXTC
$22.7M
| – | – |
-38,864
| Closed | -$10M |
|
|
ODP
673
DELISTED
ODP
ODP
| – | – |
-29,862
| Closed | -$702K |
|
674
Oracle
ORCL
$413B
| – | – |
-97,681
| Closed | -$5.4M |
|
675
OraSure Technologies
OSUR
$275M
| – | – |
-46,564
| Closed | -$542K |
|
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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.