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 | |
|---|---|---|---|---|---|---|
76
Johnson Controls International
JCI
$93.2B
| $122M | 0.1% |
2,987,965
+286,381
| +11% | +$11.2M |
|
77
Chevron
CVX
$379B
| $121M | 0.1% |
1,676,081
-4,224
| -0.3% | -$355K |
|
78
TSMC
TSM
$2.17T
| $120M | 0.1% |
1,481,388
+287,253
| +24% | +$21.8M |
|
79
Entergy
ETR
$50.8B
| $120M | 0.1% |
2,437,370
-44,692
| -2% | -$2.21M |
|
80
Verizon
VZ
$195B
| $119M | 0.1% |
1,994,868
-206,873
| -9% | -$12M |
|
81
SBA Communications
SBAC
$19.7B
| $117M | 0.09% |
368,598
-20,313
| -5% | -$6.21M |
|
82
Equinix
EQIX
$104B
| $117M | 0.09% |
153,808
-22,482
| -13% | -$17M |
|
83
Chubb
CB
$134B
| $114M | 0.09% |
980,591
-31,894
| -3% | -$4.01M |
|
84
Cigna
CI
$72.9B
| $113M | 0.09% |
669,967
+25,533
| +4% | +$4.49M |
|
85
argenx
ARGX
$52.6B
| $112M | 0.09% |
427,365
-26,085
| -6% | -$6.27M |
|
86
PNC Financial Services
PNC
$102B
| $112M | 0.09% |
1,015,303
-176,942
| -15% | -$19M |
|
87
Zimmer Biomet
ZBH
$18.5B
| $111M | 0.09% |
837,075
+77,598
| +10% | +$10.1M |
|
88
UnitedHealth
UNH
$374B
| $109M | 0.09% |
350,750
-17,850
| -5% | -$5.48M |
|
89
Broadcom
AVGO
$1.99T
| $108M | 0.09% |
2,963,070
+378,250
| +15% | +$12.7M |
|
90
FirstEnergy
FE
$28B
| $107M | 0.09% |
3,735,659
-239,552
| -6% | -$7.52M |
|
91
Bristol-Myers Squibb
BMY
$135B
| $105M | 0.08% |
1,740,875
+43,711
| +3% | +$2.63M |
|
92
RTX Corp
RTX
$293B
| $104M | 0.08% |
1,810,819
+301,699
| +20% | +$18.4M |
|
93
MetLife
MET
$61.8B
| $104M | 0.08% |
2,798,273
-608,597
| -18% | -$23.1M |
|
94
D.R. Horton
DHI
$41.9B
| $103M | 0.08% |
1,360,341
+27,341
| +2% | +$1.87M |
|
95
Five Below
FIVE
$12.2B
| $101M | 0.08% |
797,531
-22,812
| -3% | -$2.6M |
|
96
Bank of America
BAC
$442B
| $100M | 0.08% |
4,169,342
-541,559
| -11% | -$13.5M |
|
97
Walt Disney
DIS
$171B
| $100M | 0.08% |
808,356
+90,666
| +13% | +$11.3M |
|
98
Alliant Energy
LNT
$18.4B
| $100M | 0.08% |
1,941,275
-169,397
| -8% | -$8.85M |
|
99
Procter & Gamble
PG
$343B
| $99M | 0.08% |
712,167
-91,774
| -11% | -$12.2M |
|
100
Constellation Brands
STZ
$22.4B
| $96.7M | 0.08% |
510,052
-71,454
| -12% | -$13M |
|
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.