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 | |
|---|---|---|---|---|---|---|
526
Itron
ITRI
$4.36B
| $1.05M | ﹤0.01% |
15,846
+2,978
| +23% | +$190K |
|
527
Federated Hermes
FHI
$4.55B
| $1.05M | ﹤0.01% |
44,250
+3,909
| +10% | +$86.6K |
|
528
Winnebago Industries
WGO
$856M
| $1.04M | ﹤0.01% |
15,557
+1,468
| +10% | +$75K |
|
|
MAXR
529
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $971K | ﹤0.01% |
+54,064
| New | +$699K |
|
530
Medpace
MEDP
$16.1B
| $931K | ﹤0.01% |
10,013
+97
| +1% | +$8.25K |
|
|
ONC
531
BeOne Medicines Ltd
ONC
$32.8B
| $915K | ﹤0.01% |
4,858
+2,617
| +117% | +$426K |
|
|
BIG
532
DELISTED
Big Lots, Inc.
BIG
| $911K | ﹤0.01% |
+21,691
| New | +$616K |
|
|
PRVL
533
DELISTED
Prevail Therapeutics Inc. Common Stock
PRVL
| $911K | ﹤0.01% |
+61,161
| New | +$942K |
|
534
CBIZ
CBZ
$2.99B
| $900K | ﹤0.01% |
37,559
+5,552
| +17% | +$126K |
|
535
Camping World
CWH
$639M
| $894K | ﹤0.01% |
+32,930
| New | +$531K |
|
|
AMTD
536
DELISTED
TD Ameritrade Holding Corp
AMTD
| $882K | ﹤0.01% |
24,240
-20,545
| -46% | -$773K |
|
537
Blackstone Mortgage Trust
BXMT
$2.45B
| $853K | ﹤0.01% |
35,400
+8,343
| +31% | +$192K |
|
|
DOOR
538
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $842K | ﹤0.01% |
+10,830
| New | +$657K |
|
|
TECD
539
DELISTED
Tech Data Corp
TECD
| $816K | ﹤0.01% |
5,627
+231
| +4% | +$31.9K |
|
540
PetMed Express
PETS
$41.7M
| $806K | ﹤0.01% |
+22,602
| New | +$785K |
|
541
Evertec
EVTC
$1.88B
| $801K | ﹤0.01% |
28,509
-11,490
| -29% | -$305K |
|
542
Sturm, Ruger & Co
RGR
$594M
| $801K | ﹤0.01% |
+10,533
| New | +$640K |
|
543
Radian Group
RDN
$5.18B
| $778K | ﹤0.01% |
50,129
+6,128
| +14% | +$90.7K |
|
544
Western Digital
WDC
$188B
| $775K | ﹤0.01% |
23,211
-184,566
| -89% | -$5.98M |
|
545
Buckle
BKE
$2.25B
| $766K | ﹤0.01% |
48,879
+13,857
| +40% | +$208K |
|
546
Intuit
INTU
$86.5B
| $763K | ﹤0.01% |
2,577
+1,508
| +141% | +$414K |
|
|
CVSA
547
Covista Inc
CVSA
$4.25B
| $762K | ﹤0.01% |
+24,450
| New | +$763K |
|
|
BMCH
548
DELISTED
BMC Stock Holdings, Inc
BMCH
| $745K | ﹤0.01% |
29,653
+97
| +0.3% | +$2.15K |
|
549
Asbury Automotive
ABG
$4.31B
| $737K | ﹤0.01% |
9,529
+94
| +1% | +$6.31K |
|
|
LMNX
550
DELISTED
Luminex Corp
LMNX
| $734K | ﹤0.01% |
+22,575
| New | +$714K |
|
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.