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 | |
|---|---|---|---|---|---|---|
|
GMS
576
DELISTED
GMS Inc
GMS
| $601K | ﹤0.01% |
24,458
-2,381
| -9% | -$45.4K |
|
577
PennyMac Financial
PFSI
$3.92B
| $593K | ﹤0.01% |
+14,201
| New | +$450K |
|
578
Emcor
EME
$35.2B
| $582K | ﹤0.01% |
+8,797
| New | +$551K |
|
579
Black Hills Corp
BKH
$5.42B
| $581K | ﹤0.01% |
10,248
+968
| +10% | +$58.5K |
|
|
CADE
580
DELISTED
Cadence Bank
CADE
| $581K | ﹤0.01% |
+25,571
| New | +$542K |
|
|
ATSG
581
DELISTED
Air Transport Services Group
ATSG
| $563K | ﹤0.01% |
+25,284
| New | +$518K |
|
582
Hamilton Lane
HLNE
$4.91B
| $562K | ﹤0.01% |
+8,349
| New | +$526K |
|
583
Patrick Industries
PATK
$2.74B
| $554K | ﹤0.01% |
+13,569
| New | +$411K |
|
584
OraSure Technologies
OSUR
$279M
| $542K | ﹤0.01% |
+46,564
| New | +$605K |
|
|
VIVO
585
DELISTED
Meridian Bioscience Inc
VIVO
| $541K | ﹤0.01% |
+23,226
| New | +$337K |
|
586
Spire
SR
$4.72B
| $538K | ﹤0.01% |
+8,181
| New | +$583K |
|
|
DRNA
587
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $537K | ﹤0.01% |
+21,143
| New | +$455K |
|
|
AEL
588
DELISTED
American Equity Investment Life Holding Company
AEL
| $535K | ﹤0.01% |
+21,635
| New | +$451K |
|
589
Qualys
QLYS
$5.1B
| $522K | ﹤0.01% |
+5,020
| New | +$526K |
|
|
GBIO
590
DELISTED
Generation Bio
GBIO
| $515K | ﹤0.01% |
+2,453
| New | +$546K |
|
|
MGLN
591
DELISTED
Magellan Health Services, Inc.
MGLN
| $508K | ﹤0.01% |
+6,960
| New | +$445K |
|
592
New Jersey Resources
NJR
$5.84B
| $507K | ﹤0.01% |
15,531
+1,080
| +7% | +$35.8K |
|
593
UFP Industries
UFPI
$4.9B
| $505K | ﹤0.01% |
10,194
-8,208
| -45% | -$349K |
|
594
Akebia Therapeutics
AKBA
$354M
| $502K | ﹤0.01% |
+36,934
| New | +$382K |
|
595
Purple Innovation
PRPL
$35.3M
| $493K | ﹤0.01% |
+1,096
| New | +$346K |
|
596
Rio Tinto
RIO
$158B
| $482K | ﹤0.01% |
8,582
+2,552
| +42% | +$129K |
|
597
CoreCivic
CXW
$2.96B
| $479K | ﹤0.01% |
+51,197
| New | +$584K |
|
598
American States Water
AWR
$3.36B
| $472K | ﹤0.01% |
6,008
+435
| +8% | +$34.7K |
|
599
Cogent Communications
CCOI
$676M
| $468K | ﹤0.01% |
6,049
-5,463
| -47% | -$442K |
|
|
TBIO
600
DELISTED
Translate Bio, Inc. Common Stock
TBIO
| $452K | ﹤0.01% |
+25,216
| New | +$380K |
|
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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.