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 | |
|---|---|---|---|---|---|---|
351
Brighthouse Financial
BHF
$3.59B
| $12M | 0.01% |
430,340
-30,200
| -7% | -$833K |
|
352
Oneok
OKE
$54.8B
| $12M | 0.01% |
359,890
+16,433
| +5% | +$535K |
|
353
Byline Bancorp
BY
$1.81B
| $11.9M | 0.01% |
911,021
-18,865
| -2% | -$216K |
|
|
PE
354
DELISTED
PARSLEY ENERGY INC
PE
| $11.9M | 0.01% |
1,115,968
+275,353
| +33% | +$2.55M |
|
|
NVTA
355
DELISTED
Invitae Corporation
NVTA
| $11.9M | 0.01% |
392,396
+1,975
| +0.5% | +$34.5K |
|
356
eHealth
EHTH
$46M
| $11.8M | 0.01% |
+120,421
| New | +$14M |
|
357
ON Semiconductor
ON
$31.7B
| $11.7M | 0.01% |
591,105
| – | – |
|
358
Deere & Co
DE
$167B
| $11.7M | 0.01% |
74,280
+63,331
| +578% | +$9.18M |
|
359
Mueller Water Products
MWA
$4.14B
| $11.5M | 0.01% |
1,223,884
+58,399
| +5% | +$523K |
|
360
Monro
MNRO
$398M
| $11.5M | 0.01% |
208,896
-116,551
| -36% | -$6.2M |
|
361
ASML
ASML
$654B
| $11.4M | 0.01% |
30,950
+12,986
| +72% | +$4.08M |
|
362
PUT
State Street SPDR S&P Biotech ETF
XBI
$9.93B
| $11.2M | 0.01% |
+100,000
| New | +$9.85M |
|
|
MYOK
363
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $11M | 0.01% |
+113,654
| New | +$9.48M |
|
364
Energy Transfer Partners
ET
$70.5B
| $11M | 0.01% |
1,541,642
-68,706
| -4% | -$509K |
|
365
Denali Therapeutics
DNLI
$3.84B
| $10.7M | 0.01% |
440,641
+1,762
| +0.4% | +$41.4K |
|
366
Diamondback Energy
FANG
$54.3B
| $10.6M | 0.01% |
253,285
+46,165
| +22% | +$1.88M |
|
367
Healthcare Services Group
HCSG
$1.6B
| $10.4M | 0.01% |
424,383
+220,450
| +108% | +$5.22M |
|
368
Sunrun
RUN
$2.58B
| $10.3M | 0.01% |
523,657
+39,860
| +8% | +$610K |
|
369
Merck
MRK
$318B
| $10.2M | 0.01% |
138,361
-566,615
| -80% | -$42.7M |
|
|
EE
370
DELISTED
El Paso Electric Company
EE
| $10.2M | 0.01% |
151,583
-28,418
| -16% | -$1.92M |
|
|
PS
371
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $10.1M | 0.01% |
+562,216
| New | +$9.51M |
|
|
CXO
372
DELISTED
CONCHO RESOURCES INC.
CXO
| $10.1M | 0.01% |
196,769
+15,582
| +9% | +$861K |
|
373
NextCure
NXTC
$23.2M
| $10M | 0.01% |
38,864
+161
| +0.4% | +$61.3K |
|
374
Construction Partners
ROAD
$6.08B
| $9.71M | 0.01% |
546,668
-152,420
| -22% | -$2.6M |
|
375
Cheniere Energy
CQP
$32.2B
| $9.54M | 0.01% |
272,578
-281,856
| -51% | -$9.44M |
|
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.