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 | |
|---|---|---|---|---|---|---|
251
Palo Alto Networks
PANW
$283B
| $26.9M | 0.02% |
702,726
+61,866
| +10% | +$2.18M |
|
252
AXIS Capital
AXS
$7.72B
| $26.4M | 0.02% |
651,564
+152,955
| +31% | +$5.9M |
|
|
SYNH
253
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $26.3M | 0.02% |
450,788
-5,011
| -1% | -$269K |
|
254
nLIGHT
LASR
$3.95B
| $26M | 0.02% |
1,169,297
-19,664
| -2% | -$372K |
|
255
Cisco
CSCO
$457B
| $25.9M | 0.02% |
556,380
+235,334
| +73% | +$10.3M |
|
256
TotalEnergies
TTE
$194B
| $25.9M | 0.02% |
672,355
+41,883
| +7% | +$1.55M |
|
257
Fidelity National Information Services
FIS
$23.1B
| $25.8M | 0.02% |
192,143
-115,519
| -38% | -$15.2M |
|
258
Elevance Health
ELV
$83B
| $25.7M | 0.02% |
97,633
-40,293
| -29% | -$10.7M |
|
|
PPL
259
PPL Corp
PPL
$26.5B
| $25.5M | 0.02% |
988,709
| – | – |
|
|
PFPT
260
DELISTED
Proofpoint, Inc.
PFPT
| $25.4M | 0.02% |
228,804
-374,711
| -62% | -$42.8M |
|
|
TXNM
261
TXNM Energy Inc
TXNM
$6.38B
| $25.2M | 0.02% |
655,349
+199,639
| +44% | +$7.97M |
|
262
Comcast
CMCSA
$87.2B
| $24.9M | 0.02% |
637,679
-2,250,180
| -78% | -$85.7M |
|
263
Independence Realty Trust
IRT
$3.95B
| $24.8M | 0.02% |
2,159,148
+110,734
| +5% | +$1.1M |
|
264
Chewy
CHWY
$9.4B
| $24.5M | 0.02% |
+547,726
| New | +$23.9M |
|
265
AppFolio
APPF
$6.79B
| $24.5M | 0.02% |
150,328
+1,183
| +0.8% | +$155K |
|
266
Guidewire Software
GWRE
$13.1B
| $24.3M | 0.02% |
219,430
-30,815
| -12% | -$2.96M |
|
267
Newmont
NEM
$100B
| $24.3M | 0.02% |
393,722
-39,496
| -9% | -$2.34M |
|
268
Repligen
RGEN
$8.3B
| $24.2M | 0.02% |
195,920
+1,209
| +0.6% | +$142K |
|
269
Planet Fitness
PLNT
$4.45B
| $23.7M | 0.02% |
392,080
-242,288
| -38% | -$14.5M |
|
270
Paycom
PAYC
$7.86B
| $23.6M | 0.02% |
76,322
+1,737
| +2% | +$462K |
|
271
IDEX
IEX
$17.2B
| $23.6M | 0.02% |
149,380
-40,312
| -21% | -$6.16M |
|
272
Houlihan Lokey
HLI
$8.77B
| $23.5M | 0.02% |
423,158
+12,368
| +3% | +$721K |
|
|
NSA
273
DELISTED
National Storage Affiliates Trust
NSA
| $23.2M | 0.02% |
809,593
-37,157
| -4% | -$1.07M |
|
274
Cooper Companies
COO
$14.5B
| $23.2M | 0.02% |
327,144
-118,416
| -27% | -$8.78M |
|
275
Freshpet
FRPT
$2.93B
| $22.8M | 0.02% |
272,477
+347
| +0.1% | +$26.1K |
|
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.