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 | |
|---|---|---|---|---|---|---|
151
Monolithic Power Systems
MPWR
$65.6B
| $60.8M | 0.05% |
217,486
+12,460
| +6% | +$3.24M |
|
|
SUM
152
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $60.8M | 0.05% |
3,737,559
-84,670
| -2% | -$1.36M |
|
153
Capital One
COF
$136B
| $60M | 0.05% |
834,347
-35,843
| -4% | -$2.4M |
|
154
Citigroup
C
$230B
| $59.1M | 0.05% |
1,369,794
-587,397
| -30% | -$29.3M |
|
|
SGEN
155
DELISTED
Seagen Inc. Common Stock
SGEN
| $58.8M | 0.05% |
300,553
+12,926
| +4% | +$2.16M |
|
156
Varonis Systems
VRNS
$4.98B
| $58.4M | 0.05% |
1,518,675
-257,268
| -14% | -$9.59M |
|
157
Xcel Energy
XEL
$48.6B
| $58.4M | 0.05% |
846,215
-15,769
| -2% | -$1.08M |
|
|
RVNC
158
DELISTED
Revance Therapeutics, Inc.
RVNC
| $57.5M | 0.05% |
2,286,042
+159,501
| +8% | +$4.18M |
|
159
Enbridge
ENB
$117B
| $57.4M | 0.05% |
1,966,624
-27,526
| -1% | -$866K |
|
160
Globant
GLOB
$1.65B
| $57.2M | 0.05% |
319,287
+23,036
| +8% | +$3.97M |
|
161
HubSpot
HUBS
$12.7B
| $57.2M | 0.05% |
195,571
-264,237
| -57% | -$69.3M |
|
162
CoStar Group
CSGP
$12.1B
| $57M | 0.05% |
671,880
-196,350
| -23% | -$15.6M |
|
163
DTE Energy
DTE
$29.5B
| $56.9M | 0.05% |
580,770
-10,912
| -2% | -$1.07M |
|
164
Jack in the Box
JACK
$329M
| $55.9M | 0.04% |
704,472
+55,706
| +9% | +$4.48M |
|
165
Cognex
CGNX
$11.9B
| $55.8M | 0.04% |
857,297
+384,129
| +81% | +$24.8M |
|
|
TPTX
166
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $55.2M | 0.04% |
632,032
-2,472
| -0.4% | -$172K |
|
167
Avient
AVNT
$3.5B
| $54.9M | 0.04% |
2,075,819
-8,009
| -0.4% | -$209K |
|
168
O'Reilly Automotive
ORLY
$74.9B
| $54.6M | 0.04% |
1,777,110
+205,980
| +13% | +$6.26M |
|
169
Advanced Micro Devices
AMD
$846B
| $54.2M | 0.04% |
660,497
-349,374
| -35% | -$25.9M |
|
|
AVLR
170
DELISTED
Avalara, Inc.
AVLR
| $53.7M | 0.04% |
422,091
-90,197
| -18% | -$11.5M |
|
171
AES
AES
$10.5B
| $52.4M | 0.04% |
2,894,993
-53,951
| -2% | -$901K |
|
172
Azenta
AZTA
$1.39B
| $52.4M | 0.04% |
1,132,810
+129,187
| +13% | +$6.26M |
|
173
RenaissanceRe
RNR
$13.4B
| $52.3M | 0.04% |
308,223
+33,716
| +12% | +$5.96M |
|
|
AGR
174
DELISTED
Avangrid, Inc.
AGR
| $51.5M | 0.04% |
1,020,590
+309,282
| +43% | +$14.9M |
|
|
NVRO
175
DELISTED
NEVRO CORP.
NVRO
| $51.5M | 0.04% |
369,452
+209,375
| +131% | +$28M |
|
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.