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 |
RingCentral
RNG
|
+$588M |
| 2 |
Teladoc Health
TDOC
|
+$564M |
| 3 |
Atlassian
TEAM
|
+$519M |
| 4 |
Spotify
SPOT
|
+$511M |
| 5 |
CrowdStrike
CRWD
|
+$510M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.05B |
| 2 |
Salesforce
CRM
|
+$664M |
| 3 |
Corpay
CPAY
|
+$411M |
| 4 |
Microsoft
MSFT
|
+$404M |
| 5 |
Broadcom
AVGO
|
+$385M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.48% |
| 2 | Consumer Discretionary | 20.25% |
| 3 | Communication Services | 13.08% |
| 4 | Healthcare | 12.66% |
| 5 | Financials | 10.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FISV
226
Fiserv Inc
FISV
$29B
| $32.1M | 0.03% |
328,878
-323,815
| -50% | -$32.6M |
|
227
Korn Ferry
KFY
$4.23B
| $32.1M | 0.03% |
1,043,573
-282,493
| -21% | -$8.08M |
|
228
Nordson
NDSN
$16.8B
| $31.9M | 0.03% |
167,949
+359
| +0.2% | +$60.9K |
|
229
Crown Castle
CCI
$33.8B
| $31.8M | 0.03% |
190,235
-192,573
| -50% | -$31M |
|
230
Wintrust Financial
WTFC
$10.8B
| $31.7M | 0.03% |
727,440
+70,531
| +11% | +$2.82M |
|
231
Goosehead Insurance
GSHD
$2.31B
| $31.5M | 0.03% |
419,588
-49,950
| -11% | -$2.89M |
|
232
Insulet
PODD
$11.8B
| $31.5M | 0.03% |
162,101
+49,917
| +44% | +$9.54M |
|
233
Bright Horizons
BFAM
$4.07B
| $31.2M | 0.03% |
266,433
+20,881
| +9% | +$2.38M |
|
234
Trane Technologies
TT
$101B
| $31.2M | 0.03% |
350,757
+40,122
| +13% | +$3.49M |
|
235
Cardlytics
CDLX
$23.4M
| $30.7M | 0.03% |
43,882
-497
| -1% | -$287K |
|
236
Suncor Energy
SU
$78.3B
| $30.6M | 0.03% |
1,812,772
+62,018
| +4% | +$1.06M |
|
237
Prologis
PLD
$134B
| $30.1M | 0.03% |
323,048
-235,600
| -42% | -$21M |
|
|
AGR
238
DELISTED
Avangrid, Inc.
AGR
| $29.9M | 0.03% |
+711,308
| New | +$30.5M |
|
239
Ares Management
ARES
$30.6B
| $29.7M | 0.03% |
+748,737
| New | +$26.5M |
|
240
Amphenol
APH
$199B
| $29.6M | 0.03% |
1,237,280
-872
| -0.1% | -$19.5K |
|
241
10x Genomics
TXG
$6.03B
| $29.3M | 0.03% |
+327,512
| New | +$25.5M |
|
242
Aptiv
APTV
$12B
| $28.6M | 0.03% |
367,552
-13,636
| -4% | -$939K |
|
|
243
Corpay
CPAY
$25.1B
| $28.5M | 0.03% |
113,273
-1,732,505
| -94% | -$411M |
|
244
Cognex
CGNX
$11B
| $28.3M | 0.03% |
473,168
+168,306
| +55% | +$9.14M |
|
245
Gaming and Leisure Properties
GLPI
$12.5B
| $28.1M | 0.03% |
813,059
-503,502
| -38% | -$15.7M |
|
246
Lattice Semiconductor
LSCC
$17.9B
| $27.8M | 0.03% |
977,835
+958,668
| +5,002% | +$22.4M |
|
247
Phreesia
PHR
$692M
| $27.7M | 0.03% |
978,590
+627,161
| +178% | +$16.3M |
|
|
SWAV
248
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $27.5M | 0.02% |
581,008
+2,950
| +0.5% | +$122K |
|
249
Acadia Healthcare
ACHC
$2.85B
| $27.1M | 0.02% |
1,080,804
-168,880
| -14% | -$4.22M |
|
250
CBRE Group
CBRE
$42.4B
| $27.1M | 0.02% |
599,741
-199,385
| -25% | -$8.6M |
|
Similar funds
Jennison Associates's Q2 2020 Portfolio in Review
As of Q2 2020, Jennison Associates held 732 positions worth $111B, up 34% from $82.3B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Jennison Associates's Q2 2020 filing shows 114 new, 259 increased, 235 reduced and 112 closed positions. Its largest new stake was Spotify: 2,981,887 shares worth $770M. The largest sale was Alibaba, an estimated $1.05B.
By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q2 2020 buy was Spotify: 2,981,887 shares worth $770M.
- Jennison Associates added most to RingCentral in Q2 2020, an estimated $588M increase.
- Jennison Associates's biggest Q2 2020 reduction was Alibaba, cutting an estimated $1.05B.
- Jennison Associates fully exited Marriott International in Q2 2020, selling an estimated $165M.
- Jennison Associates's ten largest holdings make up 39% of its $111B portfolio in Q2 2020.
- Jennison Associates opened 114 new positions and closed 112 in Q2 2020.
- Jennison Associates's portfolio value rose 34% quarter-over-quarter to $111B.
Based on Jennison Associates's 13F filing for Q2 2020, filed 6 Aug 2020.