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 | |
|---|---|---|---|---|---|---|
301
Inspire Medical Systems
INSP
$1.5B
| $19.4M | 0.02% |
+222,465
| New | +$17.1M |
|
302
Gossamer Bio
GOSS
$84.9M
| $19.1M | 0.02% |
1,471,308
+761,875
| +107% | +$9.58M |
|
|
NVRO
303
DELISTED
NEVRO CORP.
NVRO
| $19.1M | 0.02% |
+160,077
| New | +$19M |
|
|
DOC
304
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $19M | 0.02% |
1,082,595
+946,075
| +693% | +$15.4M |
|
305
Agios Pharmaceuticals
AGIO
$1.82B
| $18.9M | 0.02% |
353,117
-199,612
| -36% | -$9.24M |
|
306
First Bancorp
FBNC
$2.64B
| $18.7M | 0.02% |
747,025
-15,489
| -2% | -$373K |
|
307
National Vision
EYE
$1.8B
| $18.7M | 0.02% |
612,545
+98,287
| +19% | +$2.58M |
|
308
TFI International
TFII
$11.1B
| $18.6M | 0.02% |
524,210
+106,068
| +25% | +$3.02M |
|
309
Black Diamond Therapeutics
BDTX
$99.7M
| $18.1M | 0.02% |
428,806
+2,268
| +0.5% | +$83.5K |
|
310
Avantor
AVTR
$9.25B
| $18.1M | 0.02% |
1,063,377
+315,000
| +42% | +$5.13M |
|
|
FOCS
311
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $17.9M | 0.02% |
542,240
-6,000
| -1% | -$150K |
|
312
Ferrari
RACE
$70.5B
| $17.7M | 0.02% |
103,721
+42,118
| +68% | +$6.79M |
|
|
AMK
313
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $17.7M | 0.02% |
649,183
+142,862
| +28% | +$3.5M |
|
314
BHP
BHP
$212B
| $17M | 0.02% |
382,863
+2,244
| +0.6% | +$87.8K |
|
315
Targa Resources
TRGP
$56.8B
| $16.6M | 0.02% |
829,439
+319,004
| +62% | +$4.8M |
|
|
FFWM
316
DELISTED
First Foundation Inc
FFWM
| $16.6M | 0.02% |
1,017,805
+232,593
| +30% | +$3.13M |
|
317
Alexandria Real Estate Equities
ARE
$9.24B
| $16.6M | 0.02% |
102,362
-2,360
| -2% | -$361K |
|
318
Enerpac Tool Group
EPAC
$1.85B
| $16.4M | 0.01% |
930,029
-42,259
| -4% | -$714K |
|
319
ProQR Therapeutics
PRQR
$241M
| $16M | 0.01% |
2,625,514
+13,208
| +0.5% | +$71.3K |
|
320
Apollo Global Management
APO
$74.6B
| $15.9M | 0.01% |
+318,102
| New | +$14M |
|
321
Lamb Weston
LW
$7.29B
| $15.7M | 0.01% |
245,174
-195
| -0.1% | -$11.8K |
|
322
Kinross Gold
KGC
$27.8B
| $15.4M | 0.01% |
2,131,887
+45,310
| +2% | +$294K |
|
323
Lazard
LAZ
$4.21B
| $15.4M | 0.01% |
536,863
-86,450
| -14% | -$2.34M |
|
324
Vodafone
VOD
$35.9B
| $15.2M | 0.01% |
952,951
+55,889
| +6% | +$843K |
|
325
HealthEquity
HQY
$8.72B
| $15.1M | 0.01% |
257,032
-8,923
| -3% | -$493K |
|
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.