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 | |
|---|---|---|---|---|---|---|
676
Paylocity
PCTY
$7.91B
| – | – |
-9,756
| Closed | -$1.42M |
|
677
Planet Fitness
PLNT
$4.48B
| – | – |
-392,080
| Closed | -$23.7M |
|
678
Portland General Electric
POR
$5.79B
| – | – |
-14,659
| Closed | -$613K |
|
|
PPBI
679
DELISTED
Pacific Premier Bancorp
PPBI
| – | – |
-52,134
| Closed | -$1.13M |
|
|
PPL
680
PPL Corp
PPL
$26.3B
| – | – |
-988,709
| Closed | -$25.5M |
|
681
QuidelOrtho
QDEL
$1.19B
| – | – |
-9,291
| Closed | -$2.08M |
|
682
uniQure
QURE
$3.07B
| – | – |
-145,621
| Closed | -$6.56M |
|
683
Radian Group
RDN
$5.21B
| – | – |
-50,129
| Closed | -$778K |
|
684
RadNet
RDNT
$5.27B
| – | – |
-24,026
| Closed | -$381K |
|
685
Reynolds Consumer Products
REYN
$5.64B
| – | – |
-11,310
| Closed | -$393K |
|
|
SAFE
686
Safehold
SAFE
$1.15B
| – | – |
-21,064
| Closed | -$1.26M |
|
687
Sally Beauty Holdings
SBH
$1.51B
| – | – |
-52,400
| Closed | -$657K |
|
|
SF
688
Stifel
SF
$12.8B
| – | – |
-69,190
| Closed | -$1.46M |
|
689
Spire
SR
$4.78B
| – | – |
-8,181
| Closed | -$538K |
|
690
Stoneridge
SRI
$211M
| – | – |
-52,037
| Closed | -$1.07M |
|
691
Ubiquiti
UI
$34.4B
| – | – |
-7,633
| Closed | -$1.33M |
|
692
Vodafone
VOD
$35.4B
| – | – |
-952,951
| Closed | -$15.2M |
|
693
Western Digital
WDC
$179B
| – | – |
-23,211
| Closed | -$775K |
|
694
Wells Fargo
WFC
$270B
| – | – |
-318,977
| Closed | -$8.17M |
|
695
Winnebago Industries
WGO
$904M
| – | – |
-15,557
| Closed | -$1.04M |
|
696
Waste Management
WM
$89.7B
| – | – |
-52,683
| Closed | -$5.58M |
|
|
UCB
697
United Community Banks
UCB
$4.32B
| – | – |
-32,212
| Closed | -$648K |
|
|
NARI
698
DELISTED
Inari Medical, Inc. Common Stock
NARI
| – | – |
-44,733
| Closed | -$2.17M |
|
|
MODN
699
DELISTED
MODEL N, INC.
MODN
| – | – |
-46,860
| Closed | -$1.63M |
|
|
NVTA
700
DELISTED
Invitae Corporation
NVTA
| – | – |
-392,396
| Closed | -$11.9M |
|
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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.