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 | |
|---|---|---|---|---|---|---|
551
Cue Biopharma
CUE
$113M
| $733K | ﹤0.01% |
+997
| New | +$722K |
|
552
Essent Group
ESNT
$6.21B
| $729K | ﹤0.01% |
20,111
+4,567
| +29% | +$140K |
|
553
Brookdale Senior Living
BKD
$3.55B
| $726K | ﹤0.01% |
+246,123
| New | +$796K |
|
554
Federal Signal
FSS
$7.74B
| $720K | ﹤0.01% |
24,233
-14,524
| -37% | -$411K |
|
555
Pathward Financial
CASH
$1.92B
| $715K | ﹤0.01% |
39,375
+13,428
| +52% | +$235K |
|
|
TMHC
556
DELISTED
Taylor Morrison
TMHC
| $706K | ﹤0.01% |
36,606
-39,442
| -52% | -$621K |
|
557
Vishay Intertechnology
VSH
$5.12B
| $705K | ﹤0.01% |
46,164
+2,589
| +6% | +$40.3K |
|
558
Cohen & Steers
CNS
$4.29B
| $702K | ﹤0.01% |
10,311
+102
| +1% | +$6.15K |
|
|
ODP
559
DELISTED
ODP
ODP
| $702K | ﹤0.01% |
+29,862
| New | +$651K |
|
|
INOV
560
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $700K | ﹤0.01% |
36,337
+12,176
| +50% | +$216K |
|
561
Boise Cascade
BCC
$2.78B
| $698K | ﹤0.01% |
18,570
+893
| +5% | +$28K |
|
562
Diamondrock Hospitality Co
DRH
$2.77B
| $691K | ﹤0.01% |
125,033
-63,542
| -34% | -$350K |
|
563
Philip Morris
PM
$294B
| $687K | ﹤0.01% |
9,804
-264,441
| -96% | -$19.3M |
|
|
BHVN
564
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $682K | ﹤0.01% |
+9,328
| New | +$496K |
|
565
Crocs
CROX
$6.46B
| $681K | ﹤0.01% |
+18,497
| New | +$489K |
|
566
AMN Healthcare
AMN
$1.36B
| $673K | ﹤0.01% |
14,867
+1,524
| +11% | +$72.9K |
|
567
Mativ Holdings
MATV
$506M
| $670K | ﹤0.01% |
20,061
-5
| -0% | -$151 |
|
568
Axos Financial
AX
$5.95B
| $660K | ﹤0.01% |
29,897
-1
| -0% | -$20 |
|
569
Sally Beauty Holdings
SBH
$1.57B
| $657K | ﹤0.01% |
+52,400
| New | +$573K |
|
|
UCB
570
United Community Banks
UCB
$4.29B
| $648K | ﹤0.01% |
32,212
+2,059
| +7% | +$39.4K |
|
571
ONE Gas
OGS
$4.92B
| $634K | ﹤0.01% |
+8,234
| New | +$665K |
|
572
Stryker
SYK
$128B
| $634K | ﹤0.01% |
+3,516
| New | +$649K |
|
|
EGIO
573
DELISTED
Edgio, Inc. Common Stock
EGIO
| $632K | ﹤0.01% |
2,148
| – | – |
|
574
Arbutus Biopharma
ABUS
$865M
| $618K | ﹤0.01% |
339,639
-15,127
| -4% | -$24.8K |
|
575
Portland General Electric
POR
$5.87B
| $613K | ﹤0.01% |
14,659
+1,014
| +7% | +$46.4K |
|
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.