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 | 32.53% |
| 2 | Consumer Discretionary | 20.25% |
| 3 | Communication Services | 13.08% |
| 4 | Healthcare | 12.82% |
| 5 | Financials | 10.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Costco
COST
$419B
| $1.17B | 1.06% |
3,864,311
-1,125,439
| -23% | -$342M |
|
27
S&P Global
SPGI
$131B
| $1.16B | 1.05% |
3,527,754
+504,741
| +17% | +$152M |
|
|
SPLK
28
DELISTED
Splunk Inc
SPLK
| $1.13B | 1.02% |
5,699,095
-869,595
| -13% | -$138M |
|
29
DexCom
DXCM
$34.3B
| $1.12B | 1.01% |
11,047,824
+273,476
| +3% | +$24.5M |
|
30
Twilio
TWLO
$36.5B
| $1.11B | 1.01% |
5,075,284
+803,780
| +19% | +$129M |
|
31
Goldman Sachs
GS
$301B
| $1.08B | 0.98% |
5,459,398
+1,897,007
| +53% | +$356M |
|
32
Estee Lauder
EL
$37.4B
| $1.08B | 0.97% |
5,699,278
-1,777,041
| -24% | -$318M |
|
|
33
Atlassian
TEAM
$48.2B
| $1.02B | 0.93% |
5,679,523
+3,127,251
| +123% | +$519M |
|
34
Trade Desk
TTD
$6.38B
| $1.02B | 0.92% |
25,130,290
+6,714,620
| +36% | +$202M |
|
35
Chipotle Mexican Grill
CMG
$48.1B
| $978M | 0.88% |
46,480,400
+10,041,350
| +28% | +$186M |
|
36
BioMarin Pharmaceuticals
BMRN
$12.5B
| $936M | 0.85% |
7,590,765
-623,698
| -8% | -$62M |
|
37
Mercado Libre
MELI
$99.7B
| $892M | 0.81% |
905,320
+352,405
| +64% | +$264M |
|
|
38
CrowdStrike
CRWD
$224B
| $872M | 0.79% |
34,781,940
+25,423,060
| +272% | +$510M |
|
39
ServiceNow
NOW
$150B
| $826M | 0.75% |
10,192,260
-1,893,260
| -16% | -$134M |
|
40
Union Pacific
UNP
$183B
| $802M | 0.73% |
4,745,321
+674,848
| +17% | +$108M |
|
41
Workday
WDAY
$49.3B
| $797M | 0.72% |
4,251,361
-2,272,378
| -35% | -$367M |
|
|
42
Spotify
SPOT
$113B
| $770M | 0.7% |
+2,981,887
| New | +$511M |
|
43
American Tower
AMT
$82.1B
| $752M | 0.68% |
2,906,814
-349,160
| -11% | -$86.4M |
|
44
Danaher
DHR
$152B
| $716M | 0.65% |
4,569,855
+3,060,785
| +203% | +$439M |
|
|
45
Teladoc Health
TDOC
$1.18B
| $701M | 0.63% |
3,673,947
+3,217,743
| +705% | +$564M |
|
46
Illumina
ILMN
$32.6B
| $635M | 0.57% |
1,761,582
-47,945
| -3% | -$15.4M |
|
47
Boeing
BA
$166B
| $548M | 0.5% |
2,992,266
-930,801
| -24% | -$143M |
|
48
Intuitive Surgical
ISRG
$132B
| $523M | 0.47% |
2,752,170
-71,505
| -3% | -$12.8M |
|
49
Alcon
ALC
$34.8B
| $390M | 0.35% |
6,794,735
+3,621,225
| +114% | +$205M |
|
50
Humana
HUM
$46.3B
| $386M | 0.35% |
995,766
-260,329
| -21% | -$97.4M |
|
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 33% 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.