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 | |
|---|---|---|---|---|---|---|
376
Norfolk Southern
NSC
$75.6B
| $9.5M | 0.01% |
54,104
+16,279
| +43% | +$2.76M |
|
|
NOVA
377
DELISTED
Sunnova Energy
NOVA
| $9.5M | 0.01% |
556,340
+39,485
| +8% | +$559K |
|
378
Iovance Biotherapeutics
IOVA
$1.93B
| $9.48M | 0.01% |
+345,239
| New | +$11.3M |
|
379
Starwood Property Trust
STWD
$5.92B
| $9.46M | 0.01% |
632,007
-1,325,158
| -68% | -$17.8M |
|
380
Universal Display
OLED
$3.67B
| $9.19M | 0.01% |
61,438
-122,685
| -67% | -$18M |
|
|
GTH
381
DELISTED
Genetron Holdings Limited ADS
GTH
| $9.12M | 0.01% |
+251,789
| New | +$10.2M |
|
|
HES
382
DELISTED
Hess
HES
| $9.1M | 0.01% |
175,583
+86,633
| +97% | +$3.97M |
|
383
Douglas Emmett
DEI
$1.99B
| $9.08M | 0.01% |
296,255
+1,352
| +0.5% | +$40.5K |
|
|
SAGE
384
DELISTED
Sage Therapeutics
SAGE
| $9.07M | 0.01% |
218,238
+571
| +0.3% | +$20.7K |
|
|
Y
385
DELISTED
Alleghany Corp
Y
| $8.85M | 0.01% |
18,083
-1,212
| -6% | -$627K |
|
386
Lockheed Martin
LMT
$135B
| $8.79M | 0.01% |
24,075
-27,426
| -53% | -$10.4M |
|
|
XENT
387
DELISTED
Intersect ENT, Inc
XENT
| $8.61M | 0.01% |
636,145
-256,580
| -29% | -$2.99M |
|
|
WCN
388
Waste Connections
WCN
$42.3B
| $8.59M | 0.01% |
91,624
+19,325
| +27% | +$1.72M |
|
389
Freeport-McMoran
FCX
$91.5B
| $8.58M | 0.01% |
741,745
+105,461
| +17% | +$967K |
|
390
Armstrong World Industries
AWI
$7.58B
| $8.56M | 0.01% |
109,799
-13,352
| -11% | -$1.01M |
|
391
WSFS Financial
WSFS
$4.19B
| $8.55M | 0.01% |
297,777
+278,981
| +1,484% | +$7.38M |
|
392
Howard Hughes
HHH
$3.89B
| $8.51M | 0.01% |
171,796
-102,422
| -37% | -$5.16M |
|
|
KAMN
393
DELISTED
Kaman Corp
KAMN
| $8.47M | 0.01% |
203,625
+81,647
| +67% | +$3.16M |
|
394
Clearway Energy Class C
CWEN
$4.99B
| $8.4M | 0.01% |
364,436
-97,239
| -21% | -$2.06M |
|
395
FIVE9
FIVN
$2.22B
| $8.17M | 0.01% |
73,828
-18,031
| -20% | -$1.75M |
|
396
Wells Fargo
WFC
$266B
| $8.17M | 0.01% |
318,977
-341
| -0.1% | -$9.33K |
|
397
Brookfield Renewable
BEP
$10.2B
| $8.05M | 0.01% |
315,500
-55,043
| -15% | -$1.38M |
|
398
Glaukos
GKOS
$10.1B
| $7.96M | 0.01% |
207,310
-140,231
| -40% | -$5.22M |
|
|
BRKL
399
DELISTED
Brookline Bancorp
BRKL
| $7.91M | 0.01% |
784,362
-19,857
| -2% | -$198K |
|
400
Ligand Pharmaceuticals
LGND
$5.85B
| $7.85M | 0.01% |
112,462
-25,232
| -18% | -$1.6M |
|
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.