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 | |
|---|---|---|---|---|---|---|
101
PepsiCo
PEP
$190B
| $95.9M | 0.08% |
692,085
-58,832
| -8% | -$8M |
|
102
SAP
SAP
$225B
| $94.1M | 0.08% |
603,742
+41,431
| +7% | +$6.58M |
|
103
Cheniere Energy
LNG
$54.2B
| $91.3M | 0.07% |
1,972,117
-41,087
| -2% | -$2.08M |
|
104
General Motors
GM
$77.4B
| $89.8M | 0.07% |
3,035,086
+679,026
| +29% | +$19.1M |
|
105
Essential Utilities
WTRG
$11.2B
| $89.8M | 0.07% |
2,230,824
-16,040
| -0.7% | -$689K |
|
106
Truist Financial
TFC
$64.6B
| $88.3M | 0.07% |
2,319,396
-453,770
| -16% | -$17.1M |
|
107
Nice
NICE
$6.02B
| $85.7M | 0.07% |
377,445
+140,638
| +59% | +$29.9M |
|
|
APLS
108
DELISTED
Apellis Pharmaceuticals
APLS
| $85.6M | 0.07% |
2,837,786
+710,708
| +33% | +$21.2M |
|
|
BAND
109
Bandwidth Inc
BAND
$1.48B
| $84.7M | 0.07% |
484,998
-65,256
| -12% | -$9.66M |
|
110
Illumina
ILMN
$30.4B
| $84.3M | 0.07% |
280,507
-1,481,075
| -84% | -$510M |
|
|
SILK
111
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $84.3M | 0.07% |
1,254,763
-279,978
| -18% | -$15.3M |
|
112
Saia
SAIA
$9.95B
| $84.3M | 0.07% |
668,190
-71,326
| -10% | -$9.1M |
|
113
Wayfair
W
$15.3B
| $83.4M | 0.07% |
+286,736
| New | +$78.5M |
|
114
Marvell Technology
MRVL
$197B
| $83.3M | 0.07% |
2,098,906
-219,060
| -9% | -$8.06M |
|
115
Public Service Enterprise Group
PEG
$38.3B
| $82.9M | 0.07% |
1,509,409
+339,445
| +29% | +$18M |
|
116
Ross Stores
ROST
$80.8B
| $82.2M | 0.07% |
880,900
+124,690
| +16% | +$11.2M |
|
117
American Water Works
AWK
$26.6B
| $81.4M | 0.07% |
561,909
+19,458
| +4% | +$2.76M |
|
|
PPD
118
DELISTED
PPD, Inc. Common Stock
PPD
| $81.2M | 0.07% |
2,195,700
+638,779
| +41% | +$20.2M |
|
119
McDonald's
MCD
$190B
| $80.5M | 0.06% |
366,775
+24,159
| +7% | +$4.96M |
|
120
Abbott
ABT
$183B
| $80.1M | 0.06% |
735,665
+14,969
| +2% | +$1.52M |
|
121
Performance Food Group
PFGC
$17.6B
| $76M | 0.06% |
2,195,036
+190,904
| +10% | +$6.14M |
|
|
FOLD
122
DELISTED
Amicus Therapeutics
FOLD
| $75.7M | 0.06% |
5,359,805
+274,966
| +5% | +$4.01M |
|
123
Molina Healthcare
MOH
$10B
| $73.6M | 0.06% |
402,061
+14,366
| +4% | +$2.61M |
|
124
United Rentals
URI
$71.3B
| $73.4M | 0.06% |
420,907
-2,194
| -0.5% | -$369K |
|
125
Okta
OKTA
$25.7B
| $72.8M | 0.06% |
340,544
+229,441
| +207% | +$47.8M |
|
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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.