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 | 33.09% |
| 2 | Consumer Discretionary | 23.86% |
| 3 | Communication Services | 13.34% |
| 4 | Healthcare | 10.53% |
| 5 | Financials | 9.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $8.8B | 7.08% |
55,902,880
+1,761,960
| +3% | +$278M |
|
2
Tesla
TSLA
$1.38T
| $8.04B | 6.47% |
56,230,254
-1,800,876
| -3% | -$213M |
|
3
Apple
AAPL
$4.67T
| $7.5B | 6.03% |
64,786,609
+976,469
| +2% | +$107M |
|
|
4
Microsoft
MSFT
$3.81T
| $5.55B | 4.47% |
26,407,264
-3,276,982
| -11% | -$688M |
|
5
NVIDIA
NVDA
$5.25T
| $4.49B | 3.61% |
332,102,240
+20,641,760
| +7% | +$240M |
|
6
Meta Platforms (Facebook)
META
$1.47T
| $4.13B | 3.32% |
15,755,901
+948,608
| +6% | +$245M |
|
7
Netflix
NFLX
$340B
| $4.06B | 3.26% |
81,121,450
-9,870,200
| -11% | -$491M |
|
8
Shopify
SHOP
$197B
| $3.47B | 2.79% |
33,938,500
+936,060
| +3% | +$93.1M |
|
9
Adobe
ADBE
$116B
| $3.4B | 2.73% |
6,932,155
-62,051
| -0.9% | -$28.9M |
|
10
Salesforce
CRM
$211B
| $3.28B | 2.63% |
13,038,690
-2,080,134
| -14% | -$455M |
|
|
11
Mastercard
MA
$521B
| $3.12B | 2.51% |
9,217,752
-2,045,008
| -18% | -$665M |
|
|
12
Visa
V
$712B
| $2.91B | 2.34% |
14,568,221
+1,828,404
| +14% | +$365M |
|
13
lululemon athletica
LULU
$13.7B
| $2.36B | 1.89% |
7,152,674
-1,287,972
| -15% | -$430M |
|
14
PayPal
PYPL
$45.9B
| $2.19B | 1.76% |
11,096,821
-292,094
| -3% | -$55M |
|
15
Nike
NKE
$58.7B
| $1.96B | 1.58% |
15,633,913
+2,577,992
| +20% | +$277M |
|
16
Alphabet (Google) Class A
GOOGL
$4.24T
| $1.94B | 1.56% |
26,446,860
-5,173,140
| -16% | -$394M |
|
|
17
Alphabet (Google) Class C
GOOG
$4.19T
| $1.86B | 1.49% |
25,255,380
-5,696,540
| -18% | -$435M |
|
|
18
Twilio
TWLO
$36.5B
| $1.81B | 1.46% |
7,340,017
+2,264,733
| +45% | +$558M |
|
|
19
Match Group
MTCH
$9.54B
| $1.81B | 1.45% |
16,338,139
+14,232,656
| +676% | +$1.51B |
|
20
AstraZeneca
AZN
$252B
| $1.7B | 1.37% |
15,517,729
-4,049,139
| -21% | -$450M |
|
21
Home Depot
HD
$329B
| $1.58B | 1.27% |
5,674,181
-238,026
| -4% | -$64.5M |
|
|
22
Alibaba
BABA
$296B
| $1.41B | 1.14% |
4,802,759
-4,700,076
| -49% | -$1.24B |
|
23
RingCentral
RNG
$5.79B
| $1.4B | 1.13% |
5,105,846
+163,060
| +3% | +$45.3M |
|
|
24
Teladoc Health
TDOC
$1.18B
| $1.31B | 1.05% |
5,957,543
+2,283,596
| +62% | +$484M |
|
25
Trade Desk
TTD
$6.38B
| $1.3B | 1.04% |
24,967,810
-162,480
| -0.6% | -$7.42M |
|
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 33% 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.