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 | |
|---|---|---|---|---|---|---|
|
AY
426
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $5.4M | ﹤0.01% |
185,545
-8,217
| -4% | -$207K |
|
427
Valero Energy
VLO
$88.5B
| $5.28M | ﹤0.01% |
89,741
-25,371
| -22% | -$1.52M |
|
|
PROS
428
DELISTED
ProSight Global, Inc.
PROS
| $5.15M | ﹤0.01% |
578,758
-43,865
| -7% | -$398K |
|
429
Oric Pharmaceuticals
ORIC
$1.1B
| $5.06M | ﹤0.01% |
+150,058
| New | +$4.79M |
|
430
Synopsys
SNPS
$75.1B
| $5.02M | ﹤0.01% |
+25,729
| New | +$4.25M |
|
431
Baker Hughes
BKR
$60.4B
| $4.96M | ﹤0.01% |
322,323
-1,982
| -0.6% | -$29K |
|
432
SLB Ltd
SLB
$73.2B
| $4.81M | ﹤0.01% |
261,661
+120
| +0% | +$2.1K |
|
433
Wabtec
WAB
$50.1B
| $4.72M | ﹤0.01% |
82,036
-664
| -0.8% | -$37.6K |
|
434
Plains GP Holdings
PAGP
$5.15B
| $4.63M | ﹤0.01% |
519,998
+413,877
| +390% | +$3.65M |
|
435
McKesson
MCK
$96.8B
| $4.51M | ﹤0.01% |
29,384
+17,770
| +153% | +$2.57M |
|
436
Fair Isaac
FICO
$22.6B
| $4.33M | ﹤0.01% |
10,355
+8,603
| +491% | +$3.14M |
|
437
Nutrien
NTR
$31.7B
| $4.22M | ﹤0.01% |
131,625
+54
| +0% | +$1.88K |
|
438
B2Gold
BTG
$5.13B
| $4.13M | ﹤0.01% |
+726,901
| New | +$3.64M |
|
|
THR
439
DELISTED
Thermon Group Holdings
THR
| $4.01M | ﹤0.01% |
275,444
-219,278
| -44% | -$3.25M |
|
|
TPIC
440
DELISTED
TPI Composites
TPIC
| $3.94M | ﹤0.01% |
168,558
+191
| +0.1% | +$3.58K |
|
441
AutoZone
AZO
$48.8B
| $3.79M | ﹤0.01% |
+3,356
| New | +$3.54M |
|
|
ALXN
442
DELISTED
Alexion Pharmaceuticals
ALXN
| $3.72M | ﹤0.01% |
33,182
-326,536
| -91% | -$34.7M |
|
443
Marathon Petroleum
MPC
$89.6B
| $3.63M | ﹤0.01% |
97,237
-54,687
| -36% | -$1.76M |
|
444
State Street SPDR S&P Metals & Mining ETF
XME
$3.94B
| $3.37M | ﹤0.01% |
159,244
+22,454
| +16% | +$443K |
|
445
Teradyne
TER
$57.3B
| $3.22M | ﹤0.01% |
+38,101
| New | +$2.55M |
|
|
CTXS
446
DELISTED
Citrix Systems Inc
CTXS
| $3.04M | ﹤0.01% |
+20,521
| New | +$2.95M |
|
447
Cencora
COR
$60B
| $3.03M | ﹤0.01% |
+30,093
| New | +$2.77M |
|
|
BMY.RT
448
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $2.99M | ﹤0.01% |
834,349
-384,708
| -32% | -$1.39M |
|
449
Fortinet
FTNT
$120B
| $2.98M | ﹤0.01% |
108,595
+82,385
| +314% | +$2.07M |
|
450
American Express
AXP
$233B
| $2.92M | ﹤0.01% |
30,641
-40,461
| -57% | -$3.73M |
|
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.