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 | |
|---|---|---|---|---|---|---|
626
AMC Global Media
AMCX
$492M
| – | – |
-20,539
| Closed | -$499K |
|
|
AMED
627
DELISTED
Amedisys
AMED
| – | – |
-7,316
| Closed | -$1.34M |
|
628
Ameriprise Financial
AMP
$48.3B
| – | – |
-12,124
| Closed | -$1.24M |
|
|
ARI
629
Apollo Commercial Real Estate
ARI
$867M
| – | – |
-67,266
| Closed | -$499K |
|
630
AptarGroup
ATR
$8.55B
| – | – |
-3,663
| Closed | -$365K |
|
631
AvalonBay Communities
AVB
$26.5B
| – | – |
-1,663
| Closed | -$245K |
|
632
Best Buy
BBY
$18.2B
| – | – |
-20,252
| Closed | -$1.15M |
|
633
Biogen
BIIB
$30B
| – | – |
-91,368
| Closed | -$28.9M |
|
634
Booking.com
BKNG
$149B
| – | – |
-10,150
| Closed | -$546K |
|
|
BPMC
635
DELISTED
Blueprint Medicines
BPMC
| – | – |
-61,058
| Closed | -$3.57M |
|
636
Boston Properties
BXP
$11.2B
| – | – |
-456,776
| Closed | -$42.1M |
|
637
Conagra Brands
CAG
$6.94B
| – | – |
-2,148,381
| Closed | -$63M |
|
638
Cadence Design Systems
CDNS
$93.6B
| – | – |
-8,189
| Closed | -$541K |
|
639
CF Industries
CF
$19.2B
| – | – |
-98,367
| Closed | -$2.68M |
|
640
CME Group
CME
$96.3B
| – | – |
-5,753
| Closed | -$995K |
|
641
Campbell Soup
CPB
$6.55B
| – | – |
-13,557
| Closed | -$626K |
|
642
Copart
CPRT
$27B
| – | – |
-98,040
| Closed | -$1.68M |
|
643
Charles River Laboratories
CRL
$11.2B
| – | – |
-4,169
| Closed | -$526K |
|
644
Cirrus Logic
CRUS
$6.53B
| – | – |
-17,526
| Closed | -$1.15M |
|
645
Deckers Outdoor
DECK
$13.2B
| – | – |
-23,280
| Closed | -$520K |
|
646
Digital Realty Trust
DLR
$69.7B
| – | – |
-40,588
| Closed | -$5.64M |
|
647
Dollar Tree
DLTR
$24.4B
| – | – |
-256,942
| Closed | -$18.9M |
|
648
Electronic Arts
EA
$53B
| – | – |
-5,782
| Closed | -$579K |
|
|
EB
649
DELISTED
Eventbrite
EB
| – | – |
-115,023
| Closed | -$840K |
|
650
Euronet Worldwide
EEFT
$2.72B
| – | – |
-10,517
| Closed | -$902K |
|
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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.