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 | |
|---|---|---|---|---|---|---|
|
EXAS
651
DELISTED
Exact Sciences
EXAS
| – | – |
-1,435,861
| Closed | -$83.3M |
|
652
FTI Consulting
FCN
$4.37B
| – | – |
-9,531
| Closed | -$1.14M |
|
653
Fox Class A
FOXA
$24.6B
| – | – |
-23,169
| Closed | -$547K |
|
654
First Industrial Realty Trust
FR
$8.69B
| – | – |
-25,440
| Closed | -$845K |
|
655
TechnipFMC
FTI
$27.1B
| – | – |
-934,111
| Closed | -$4.68M |
|
656
General Dynamics
GD
$103B
| – | – |
-3,921
| Closed | -$519K |
|
657
Gilead Sciences
GILD
$163B
| – | – |
-21,587
| Closed | -$1.61M |
|
658
Gaotu Techedu
GOTU
$458M
| – | – |
-8,491
| Closed | -$360K |
|
659
Helen of Troy
HELE
$676M
| – | – |
-2,691
| Closed | -$388K |
|
660
Hilton Worldwide
HLT
$70.7B
| – | – |
-327,532
| Closed | -$22.4M |
|
661
Home BancShares
HOMB
$6.27B
| – | – |
-96,704
| Closed | -$1.16M |
|
662
HP
HPQ
$24.8B
| – | – |
-80,507
| Closed | -$1.4M |
|
663
H&R Block
HRB
$5.73B
| – | – |
-36,772
| Closed | -$518K |
|
664
Hershey
HSY
$35.7B
| – | – |
-11,469
| Closed | -$1.52M |
|
665
IBM
IBM
$213B
| – | – |
-23,927
| Closed | -$2.54M |
|
|
INN
666
Summit Hotel Properties
INN
$749M
| – | – |
-1,300,929
| Closed | -$5.49M |
|
667
iRhythm Holdings
IRTC
$4.1B
| – | – |
-92,054
| Closed | -$7.49M |
|
668
PUT
iShares Russell 2000 ETF
IWM
$81.5B
| – | – |
-170,000
| Closed | -$19.5M |
|
669
KBR
KBR
$4.68B
| – | – |
-55,891
| Closed | -$1.16M |
|
670
LivePerson
LPSN
$22.1M
| – | – |
-13,584
| Closed | -$4.63M |
|
671
Marriott International
MAR
$91.5B
| – | – |
-2,204,142
| Closed | -$165M |
|
672
Moody's
MCO
$83.7B
| – | – |
-56,482
| Closed | -$11.9M |
|
673
MillerKnoll
MLKN
$1.64B
| – | – |
-23,786
| Closed | -$528K |
|
674
Motorola Solutions
MSI
$72.6B
| – | – |
-3,253
| Closed | -$432K |
|
675
Mettler-Toledo International
MTD
$29.2B
| – | – |
-659
| Closed | -$455K |
|
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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.