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 | |
|---|---|---|---|---|---|---|
|
SRE.PRA
326
DELISTED
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
| $14.7M | 0.01% |
150,742
-4,701
| -3% | -$480K |
|
|
SAND
327
DELISTED
Sandstorm Gold
SAND
| $14.6M | 0.01% |
1,515,275
-54,354
| -3% | -$427K |
|
328
Cytokinetics
CYTK
$10.4B
| $14.5M | 0.01% |
617,183
+3,029
| +0.5% | +$56.8K |
|
329
Intel
INTC
$459B
| $14.4M | 0.01% |
241,379
+131,874
| +120% | +$7.89M |
|
|
PSXP
330
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $14.2M | 0.01% |
395,031
-17,572
| -4% | -$731K |
|
331
Royal Gold
RGLD
$17.1B
| $14M | 0.01% |
112,684
-8,119
| -7% | -$981K |
|
332
Kennametal
KMT
$2.66B
| $13.8M | 0.01% |
481,986
+142
| +0% | +$3.62K |
|
333
Huron Consulting
HURN
$2.39B
| $13.8M | 0.01% |
312,396
+29,540
| +10% | +$1.33M |
|
334
Adecoagro
AGRO
$1.37B
| $13.8M | 0.01% |
3,173,998
-320,009
| -9% | -$1.34M |
|
335
Renasant Corp
RNST
$4.02B
| $13.6M | 0.01% |
547,496
-11,171
| -2% | -$265K |
|
336
Southern Copper
SCCO
$146B
| $13.4M | 0.01% |
363,287
+105
| +0% | +$3.33K |
|
337
Boot Barn
BOOT
$4.8B
| $13.4M | 0.01% |
619,239
-543,696
| -47% | -$10.6M |
|
338
Enterprise Financial Services Corp
EFSC
$2.42B
| $13.3M | 0.01% |
427,338
+208,262
| +95% | +$6.05M |
|
339
Pentair
PNR
$10.7B
| $13.1M | 0.01% |
345,730
+70,481
| +26% | +$2.48M |
|
340
BlackLine
BL
$1.92B
| $13M | 0.01% |
+156,327
| New | +$10.4M |
|
|
BNR
341
Burning Rock Biotech
BNR
$93.2M
| $12.8M | 0.01% |
+47,205
| New | +$12.9M |
|
|
MMP
342
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $12.7M | 0.01% |
294,263
-13,091
| -4% | -$553K |
|
343
Seacoast Banking Corp of Florida
SBCF
$3.38B
| $12.7M | 0.01% |
621,998
+347,650
| +127% | +$7.06M |
|
344
Kontoor Brands
KTB
$4.68B
| $12.7M | 0.01% |
711,113
+503,169
| +242% | +$8.97M |
|
345
Vail Resorts
MTN
$5.32B
| $12.6M | 0.01% |
69,339
-205,868
| -75% | -$36M |
|
346
Curtiss-Wright
CW
$27.6B
| $12.6M | 0.01% |
141,308
+75,776
| +116% | +$7.22M |
|
|
CXP
347
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $12.3M | 0.01% |
939,747
-1,173,920
| -56% | -$15.5M |
|
348
NeoGenomics
NEO
$2.04B
| $12.3M | 0.01% |
395,699
+365,352
| +1,204% | +$10.1M |
|
|
EVOP
349
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $12.2M | 0.01% |
532,642
+130,021
| +32% | +$2.58M |
|
|
ETRN
350
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $12M | 0.01% |
1,445,857
+1,323,641
| +1,083% | +$10.4M |
|
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.