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 | |
|---|---|---|---|---|---|---|
501
Booz Allen Hamilton
BAH
$8.59B
| $1.34M | ﹤0.01% |
+17,266
| New | +$1.31M |
|
502
Veeva Systems
VEEV
$33.8B
| $1.34M | ﹤0.01% |
+5,719
| New | +$1.13M |
|
503
eBay
EBAY
$48.1B
| $1.34M | ﹤0.01% |
+25,479
| New | +$1.08M |
|
504
Zoom
ZM
$28.8B
| $1.33M | ﹤0.01% |
+5,259
| New | +$946K |
|
505
Amgen
AMGN
$205B
| $1.33M | ﹤0.01% |
5,646
-4,188
| -43% | -$956K |
|
506
Ubiquiti
UI
$33.4B
| $1.33M | ﹤0.01% |
+7,633
| New | +$1.28M |
|
|
BERY
507
DELISTED
Berry Global Group, Inc.
BERY
| $1.33M | ﹤0.01% |
+32,572
| New | +$1.22M |
|
508
MakeMyTrip
MMYT
$5.98B
| $1.31M | ﹤0.01% |
85,710
+37,596
| +78% | +$558K |
|
|
DOCU
509
DocuSign
DOCU
$10.7B
| $1.31M | ﹤0.01% |
+7,615
| New | +$960K |
|
510
Enphase Energy
ENPH
$5.14B
| $1.31M | ﹤0.01% |
+27,552
| New | +$1.32M |
|
511
Cactus
WHD
$5.09B
| $1.29M | ﹤0.01% |
62,659
-1,354,026
| -96% | -$23.5M |
|
512
Boston Beer
SAM
$1.91B
| $1.28M | ﹤0.01% |
+2,386
| New | +$1.16M |
|
|
SAFE
513
Safehold
SAFE
$1.17B
| $1.26M | ﹤0.01% |
21,064
+12,476
| +145% | +$628K |
|
514
Hilltop Holdings
HTH
$2.28B
| $1.25M | ﹤0.01% |
67,832
+17,638
| +35% | +$303K |
|
|
TPH
515
DELISTED
Tri Pointe Homes
TPH
| $1.24M | ﹤0.01% |
84,260
+26,860
| +47% | +$329K |
|
516
Toll Brothers
TOL
$14B
| $1.21M | ﹤0.01% |
+37,243
| New | +$1.02M |
|
517
iShares Russell 1000 Growth ETF
IWF
$124B
| $1.2M | ﹤0.01% |
24,920
-120,752
| -83% | -$5.32M |
|
|
SIX
518
DELISTED
Six Flags Entertainment Corp.
SIX
| $1.16M | ﹤0.01% |
60,522
-22,032
| -27% | -$438K |
|
|
BSX.PRA
519
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
| $1.15M | ﹤0.01% |
+11,000
| New | +$1.18M |
|
|
KW
520
DELISTED
Kennedy-Wilson Holdings
KW
| $1.14M | ﹤0.01% |
75,079
+25,021
| +50% | +$360K |
|
|
PPBI
521
DELISTED
Pacific Premier Bancorp
PPBI
| $1.13M | ﹤0.01% |
52,134
+3,889
| +8% | +$78K |
|
522
HCA Healthcare
HCA
$87.7B
| $1.13M | ﹤0.01% |
11,626
-5,840
| -33% | -$607K |
|
523
Maximus
MMS
$3.27B
| $1.08M | ﹤0.01% |
15,312
-4,764
| -24% | -$320K |
|
524
Stoneridge
SRI
$208M
| $1.07M | ﹤0.01% |
52,037
-395,890
| -88% | -$7.42M |
|
525
Altria Group
MO
$114B
| $1.07M | ﹤0.01% |
27,280
-24,616
| -47% | -$960K |
|
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.