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 | |
|---|---|---|---|---|---|---|
676
NovaGold Resources
NG
$2.56B
| – | – |
-35,163
| Closed | -$260K |
|
677
NN Inc
NNBR
$255M
| – | – |
-755,979
| Closed | -$1.31M |
|
678
NovoCure
NVCR
$1.73B
| – | – |
-13,201
| Closed | -$889K |
|
679
NVR
NVR
$16.5B
| – | – |
-182
| Closed | -$468K |
|
680
Novartis
NVS
$297B
| – | – |
-215,883
| Closed | -$17.8M |
|
681
Omnicom Group
OMC
$21.6B
| – | – |
-18,623
| Closed | -$1.02M |
|
682
Omnicell
OMCL
$1.61B
| – | – |
-6,287
| Closed | -$412K |
|
683
Paychex
PAYX
$41.6B
| – | – |
-17,733
| Closed | -$1.12M |
|
684
Petrobras
PBR
$125B
| – | – |
-223,416
| Closed | -$1.23M |
|
685
Pfizer
PFE
$143B
| – | – |
-1,101,965
| Closed | -$34.1M |
|
686
Progressive
PGR
$123B
| – | – |
-11,493
| Closed | -$849K |
|
|
PINC
687
DELISTED
Premier
PINC
| – | – |
-599,946
| Closed | -$19.6M |
|
688
RBC Bearings
RBC
$17.4B
| – | – |
-3,012
| Closed | -$340K |
|
|
RC
689
Ready Capital
RC
$258M
| – | – |
-39,555
| Closed | -$286K |
|
690
RLI Corp
RLI
$5.62B
| – | – |
-8,178
| Closed | -$360K |
|
691
Roper Technologies
ROP
$38.8B
| – | – |
-94,441
| Closed | -$29.4M |
|
692
Republic Services
RSG
$64.8B
| – | – |
-13,242
| Closed | -$994K |
|
693
Revolution Medicines
RVMD
$39.9B
| – | – |
-200,490
| Closed | -$4.39M |
|
694
Steven Madden
SHOO
$3.37B
| – | – |
-1,041,595
| Closed | -$24.2M |
|
695
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| – | – |
-140,000
| Closed | -$36.1M |
|
696
Steris
STE
$22.3B
| – | – |
-3,932
| Closed | -$550K |
|
697
StoneCo
STNE
$2.77B
| – | – |
-23,733
| Closed | -$517K |
|
698
Stanley Black & Decker
SWK
$14.3B
| – | – |
-122,080
| Closed | -$12.2M |
|
|
SWTX
699
DELISTED
SpringWorks Therapeutics
SWTX
| – | – |
-253,654
| Closed | -$6.85M |
|
700
TAL Education Group
TAL
$6.93B
| – | – |
-11,045
| Closed | -$588K |
|
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.