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 | |
|---|---|---|---|---|---|---|
|
INFO
201
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $44.4M | 0.04% |
565,535
-21,423
| -4% | -$1.71M |
|
|
WPX
202
DELISTED
WPX Energy, Inc.
WPX
| $44.2M | 0.04% |
9,024,318
+498,210
| +6% | +$2.76M |
|
203
Church & Dwight Co
CHD
$24.4B
| $44.2M | 0.04% |
471,651
-125,437
| -21% | -$11.4M |
|
|
SWAV
204
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $44.2M | 0.04% |
582,934
+1,926
| +0.3% | +$109K |
|
205
Avantor
AVTR
$9.25B
| $43.9M | 0.04% |
1,953,456
+890,079
| +84% | +$18.5M |
|
206
10x Genomics
TXG
$6.08B
| $43.8M | 0.04% |
351,055
+23,543
| +7% | +$2.47M |
|
207
Wingstop
WING
$3.31B
| $43.6M | 0.04% |
318,976
+36,811
| +13% | +$5.41M |
|
|
IPHI
208
DELISTED
INPHI CORPORATION
IPHI
| $43.4M | 0.03% |
387,036
-78,096
| -17% | -$9.11M |
|
209
FedEx
FDX
$74.1B
| $43.3M | 0.03% |
+172,280
| New | +$34.5M |
|
210
Amphenol
APH
$211B
| $42.7M | 0.03% |
1,577,432
+340,152
| +27% | +$8.96M |
|
211
Q2 Holdings
QTWO
$3.99B
| $42.4M | 0.03% |
464,769
+5,925
| +1% | +$553K |
|
212
Trane Technologies
TT
$104B
| $42.3M | 0.03% |
349,059
-1,698
| -0.5% | -$191K |
|
213
Cardlytics
CDLX
$23.3M
| $42.2M | 0.03% |
59,841
+15,959
| +36% | +$11.6M |
|
214
NiSource
NI
$21.3B
| $41.1M | 0.03% |
1,870,142
-34,850
| -2% | -$809K |
|
|
AZEK
215
DELISTED
The AZEK Co
AZEK
| $40.9M | 0.03% |
+1,174,731
| New | +$40.9M |
|
216
Fate Therapeutics
FATE
$300M
| $40.6M | 0.03% |
1,016,069
+3,644
| +0.4% | +$127K |
|
217
Agnico Eagle Mines
AEM
$76.3B
| $40.3M | 0.03% |
506,679
+231
| +0% | +$17.7K |
|
|
EVBG
218
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $40.3M | 0.03% |
320,531
+13,487
| +4% | +$1.83M |
|
219
PTC
PTC
$15.4B
| $40.2M | 0.03% |
+485,483
| New | +$41.4M |
|
220
Global Payments
GPN
$24.1B
| $39.6M | 0.03% |
223,012
-43,589
| -16% | -$7.54M |
|
221
Genmab
GMAB
$17.8B
| $39.5M | 0.03% |
1,079,997
+482,908
| +81% | +$17.5M |
|
222
Kontoor Brands
KTB
$4.61B
| $39.2M | 0.03% |
1,619,390
+908,277
| +128% | +$19M |
|
223
GoodRx Holdings
GDRX
$1.13B
| $38.9M | 0.03% |
+700,000
| New | +$37.1M |
|
224
Assembly Biosciences
ASMB
$524M
| $38.8M | 0.03% |
196,784
+678
| +0.3% | +$171K |
|
225
Advance Auto Parts
AAP
$3.55B
| $38.4M | 0.03% |
250,429
-17
| -0% | -$2.56K |
|
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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.