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 | |
|---|---|---|---|---|---|---|
601
Keysight
KEYS
$55B
| $451K | ﹤0.01% |
4,479
+1,310
| +41% | +$129K |
|
602
NorthWestern Energy
NWE
$4.24B
| $451K | ﹤0.01% |
8,273
+576
| +7% | +$33.4K |
|
603
First Financial Bancorp
FFBC
$3.58B
| $449K | ﹤0.01% |
32,343
-6,490
| -17% | -$89.4K |
|
604
Thermo Fisher Scientific
TMO
$213B
| $442K | ﹤0.01% |
1,221
-59
| -5% | -$19.8K |
|
|
MTOR
605
DELISTED
MERITOR, Inc.
MTOR
| $440K | ﹤0.01% |
+22,224
| New | +$411K |
|
|
LTC
606
LTC Properties
LTC
$1.99B
| $439K | ﹤0.01% |
11,656
-13,170
| -53% | -$469K |
|
607
TJX Companies
TJX
$174B
| $438K | ﹤0.01% |
8,655
-3,313
| -28% | -$166K |
|
608
HUB Group
HUBG
$2.83B
| $437K | ﹤0.01% |
18,276
-9,584
| -34% | -$221K |
|
|
MANT
609
DELISTED
Mantech International Corp
MANT
| $430K | ﹤0.01% |
+6,285
| New | +$462K |
|
610
Avista
AVA
$3.27B
| $399K | ﹤0.01% |
10,971
+849
| +8% | +$33.6K |
|
611
Reynolds Consumer Products
REYN
$5.32B
| $393K | ﹤0.01% |
+11,310
| New | +$369K |
|
612
RadNet
RDNT
$5.25B
| $381K | ﹤0.01% |
+24,026
| New | +$348K |
|
|
EGOV
613
DELISTED
NIC Inc
EGOV
| $368K | ﹤0.01% |
16,007
-10,320
| -39% | -$244K |
|
614
Sysco
SYY
$40.7B
| $319K | ﹤0.01% |
+5,835
| New | +$307K |
|
615
Malibu Boats
MBUU
$548M
| $313K | ﹤0.01% |
+6,033
| New | +$241K |
|
616
State Street Energy Select Sector SPDR ETF
XLE
$38.5B
| $304K | ﹤0.01% |
16,062
-114
| -0.7% | -$2.12K |
|
617
Service Corp International
SCI
$11.7B
| $299K | ﹤0.01% |
7,679
-35,733
| -82% | -$1.37M |
|
618
Employers Holdings
EIG
$910M
| $270K | ﹤0.01% |
8,959
-27,279
| -75% | -$839K |
|
619
Vanguard Morningstar Growth ETF
VUG
$225B
| $247K | ﹤0.01% |
7,344
-64,944
| -90% | -$2M |
|
620
Zumiez
ZUMZ
$345M
| $203K | ﹤0.01% |
+7,414
| New | +$168K |
|
621
Arch Capital
ACGL
$34.5B
| – | – |
-40,376
| Closed | -$1.15M |
|
622
iShares MSCI ACWI ETF
ACWI
$32.8B
| – | – |
-25,868
| Closed | -$1.62M |
|
623
Analog Devices
ADI
$176B
| – | – |
-177,008
| Closed | -$15.9M |
|
|
ALE
624
DELISTED
Allete
ALE
| – | – |
-7,879
| Closed | -$478K |
|
625
Applied Materials
AMAT
$411B
| – | – |
-11,576
| Closed | -$530K |
|
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.