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 | |
|---|---|---|---|---|---|---|
126
Sempra
SRE
$56.6B
| $72.1M | 0.06% |
1,218,312
-315,706
| -21% | -$19.4M |
|
127
Crown Holdings
CCK
$13.2B
| $72M | 0.06% |
936,405
+116,838
| +14% | +$8.55M |
|
128
IQVIA
IQV
$37.6B
| $71.5M | 0.06% |
453,456
+68,446
| +18% | +$10.7M |
|
129
Quanta Services
PWR
$104B
| $71.4M | 0.06% |
1,350,528
-457,468
| -25% | -$21.3M |
|
130
Darling Ingredients
DAR
$9.56B
| $70.4M | 0.06% |
1,954,498
-860,197
| -31% | -$26.3M |
|
|
NVO
131
Novo Nordisk
NVO
$196B
| $70M | 0.06% |
2,016,720
+27,060
| +1% | +$902K |
|
132
Pinterest
PINS
$14.3B
| $69.4M | 0.06% |
1,672,798
+28,595
| +2% | +$932K |
|
|
CTLT
133
DELISTED
CATALENT, INC.
CTLT
| $69M | 0.06% |
805,034
-132,202
| -14% | -$11.2M |
|
134
Duke Energy
DUK
$96.9B
| $68.1M | 0.05% |
768,688
+175,677
| +30% | +$14.5M |
|
135
Zurn Elkay Water Solutions
ZWS
$8.82B
| $68M | 0.05% |
4,731,302
+318,994
| +7% | +$4.55M |
|
136
Otis Worldwide
OTIS
$28B
| $67.7M | 0.05% |
1,084,894
+19,091
| +2% | +$1.17M |
|
137
ConocoPhillips
COP
$144B
| $67.2M | 0.05% |
2,047,394
-3,170
| -0.2% | -$120K |
|
138
JB Hunt Transport Services
JBHT
$25.8B
| $66.6M | 0.05% |
527,216
+136,541
| +35% | +$18.2M |
|
|
QTS
139
DELISTED
QTS REALTY TRUST, INC.
QTS
| $66.5M | 0.05% |
1,054,773
+69,023
| +7% | +$4.6M |
|
140
WIX.com
WIX
$2.79B
| $66.4M | 0.05% |
+260,530
| New | +$71.8M |
|
141
Labcorp
LH
$25.3B
| $65.5M | 0.05% |
404,868
-237,027
| -37% | -$37.6M |
|
142
WillScot Mobile Mini Holdings
WSC
$4.83B
| $64.4M | 0.05% |
+3,862,663
| New | +$61.7M |
|
|
HZNP
143
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $64.2M | 0.05% |
825,953
-301,441
| -27% | -$20.7M |
|
144
Tandem Diabetes Care
TNDM
$1.38B
| $64.1M | 0.05% |
564,467
+104,601
| +23% | +$11M |
|
145
CenterPoint Energy
CNP
$27.4B
| $63.9M | 0.05% |
3,300,055
-69,443
| -2% | -$1.36M |
|
|
MRSH
146
Marsh
MRSH
$91.4B
| $63.4M | 0.05% |
552,528
-12,784
| -2% | -$1.46M |
|
147
Insulet
PODD
$11.6B
| $62.7M | 0.05% |
265,008
+102,907
| +63% | +$21.7M |
|
148
Dollar General
DG
$28.1B
| $61.9M | 0.05% |
295,282
+10,355
| +4% | +$2.04M |
|
149
Northrop Grumman
NOC
$78.4B
| $61.5M | 0.05% |
194,950
-35,895
| -16% | -$11.7M |
|
150
Etsy
ETSY
$8.2B
| $60.8M | 0.05% |
499,993
-62,626
| -11% | -$7.33M |
|
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.