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 | |
|---|---|---|---|---|---|---|
51
Guardant Health
GH
$21.4B
| $355M | 0.29% |
3,177,445
-157,764
| -5% | -$14.4M |
|
|
DOCU
52
DocuSign
DOCU
$10.8B
| $305M | 0.25% |
1,416,240
+1,408,625
| +18,498% | +$292M |
|
53
NextEra Energy
NEE
$180B
| $303M | 0.24% |
4,373,576
-110,572
| -2% | -$7.63M |
|
54
Dynatrace
DT
$13.2B
| $293M | 0.24% |
7,131,951
+1,058,676
| +17% | +$43.3M |
|
55
Dominion Energy
D
$60.3B
| $281M | 0.23% |
3,555,467
+2,933
| +0.1% | +$230K |
|
56
Boston Scientific
BSX
$70.4B
| $280M | 0.23% |
7,331,497
-1,650,753
| -18% | -$63.6M |
|
57
Edwards Lifesciences
EW
$51.2B
| $274M | 0.22% |
3,433,958
+649,689
| +23% | +$50.7M |
|
58
Zoetis
ZTS
$31.7B
| $237M | 0.19% |
1,433,003
-31,260
| -2% | -$4.8M |
|
59
American Electric Power
AEP
$69.7B
| $225M | 0.18% |
2,756,452
-105,555
| -4% | -$8.69M |
|
60
Linde
LIN
$223B
| $211M | 0.17% |
887,417
-40,917
| -4% | -$9.92M |
|
|
XIFR
61
XPLR Infrastructure LP
XIFR
$1.11B
| $209M | 0.17% |
3,485,332
-107,039
| -3% | -$6.33M |
|
62
JPMorgan Chase
JPM
$960B
| $197M | 0.16% |
2,044,491
-342,229
| -14% | -$33.6M |
|
63
Ameren
AEE
$30.2B
| $192M | 0.15% |
2,427,548
+69,711
| +3% | +$5.47M |
|
64
Chewy
CHWY
$9.66B
| $183M | 0.15% |
3,336,406
+2,788,680
| +509% | +$150M |
|
|
IMMU
65
DELISTED
Immunomedics Inc
IMMU
| $181M | 0.15% |
2,127,474
-979,766
| -32% | -$49.5M |
|
66
Walmart Inc
WMT
$875B
| $179M | 0.14% |
3,842,991
+98,445
| +3% | +$4.38M |
|
67
Sea Limited
SE
$68B
| $174M | 0.14% |
1,131,315
+134,583
| +14% | +$18.2M |
|
68
Texas Instruments
TXN
$257B
| $160M | 0.13% |
1,117,672
+49,721
| +5% | +$6.76M |
|
69
Lowe's Companies
LOW
$121B
| $158M | 0.13% |
952,867
-84,500
| -8% | -$13M |
|
70
Natera
NTRA
$39B
| $153M | 0.12% |
2,124,371
-224,355
| -10% | -$12.8M |
|
71
CMS Energy
CMS
$22.5B
| $144M | 0.12% |
2,337,515
-58,641
| -2% | -$3.59M |
|
72
FMC
FMC
$1.28B
| $139M | 0.11% |
1,309,891
-105,963
| -7% | -$11.3M |
|
73
Williams Companies
WMB
$87.2B
| $132M | 0.11% |
6,740,049
-86,019
| -1% | -$1.75M |
|
74
Mondelez International
MDLZ
$78.5B
| $131M | 0.11% |
2,277,458
-1,410,031
| -38% | -$78.5M |
|
75
Qualcomm
QCOM
$169B
| $125M | 0.1% |
1,060,255
+111,602
| +12% | +$11.9M |
|
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 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.