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 | 32.53% |
| 2 | Consumer Discretionary | 20.25% |
| 3 | Communication Services | 13.08% |
| 4 | Healthcare | 12.82% |
| 5 | Financials | 10.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Boston Scientific
BSX
$67.9B
| $315M | 0.29% |
8,982,250
-8,085,569
| -47% | -$291M |
|
52
Dominion Energy
D
$57.7B
| $288M | 0.26% |
3,552,534
+427,015
| +14% | +$34.2M |
|
53
Guardant Health
GH
$21.7B
| $271M | 0.24% |
3,335,209
+737,024
| +28% | +$59.4M |
|
54
NextEra Energy
NEE
$171B
| $269M | 0.24% |
4,484,148
-121,680
| -3% | -$7.28M |
|
55
Dynatrace
DT
$15.5B
| $247M | 0.22% |
6,073,275
+562,353
| +10% | +$18.5M |
|
56
American Electric Power
AEP
$66.6B
| $228M | 0.21% |
2,862,007
-1,409,265
| -33% | -$115M |
|
57
Match Group
MTCH
$9.54B
| $225M | 0.2% |
+2,105,483
| New | +$176M |
|
58
JPMorgan Chase
JPM
$951B
| $224M | 0.2% |
2,386,720
-104,745
| -4% | -$9.94M |
|
59
Zoetis
ZTS
$32B
| $201M | 0.18% |
1,464,263
+108,619
| +8% | +$14.2M |
|
60
Linde
LIN
$226B
| $197M | 0.18% |
928,334
-30,563
| -3% | -$5.9M |
|
61
Edwards Lifesciences
EW
$52B
| $192M | 0.17% |
2,784,269
-720,502
| -21% | -$51.2M |
|
62
Mondelez International
MDLZ
$79.6B
| $189M | 0.17% |
3,687,489
-388,085
| -10% | -$19.9M |
|
63
Carvana
CVNA
$53.3B
| $188M | 0.17% |
+7,834,015
| New | +$147M |
|
|
XIFR
64
XPLR Infrastructure LP
XIFR
$1.11B
| $184M | 0.17% |
3,592,371
-196,248
| -5% | -$9.5M |
|
65
Ameren
AEE
$29.4B
| $166M | 0.15% |
2,357,837
-138,467
| -6% | -$10M |
|
66
FirstEnergy
FE
$26.5B
| $154M | 0.14% |
3,975,211
-8,315
| -0.2% | -$344K |
|
67
Chevron
CVX
$396B
| $150M | 0.14% |
1,680,305
+266,879
| +19% | +$23.9M |
|
68
Walmart Inc
WMT
$820B
| $150M | 0.14% |
3,744,546
-614,895
| -14% | -$25.3M |
|
69
FMC
FMC
$1.42B
| $141M | 0.13% |
1,415,854
+1,246
| +0.1% | +$115K |
|
70
Lowe's Companies
LOW
$117B
| $140M | 0.13% |
1,037,367
+162,323
| +19% | +$18.5M |
|
71
CMS Energy
CMS
$21.4B
| $140M | 0.13% |
2,396,156
-146,312
| -6% | -$8.47M |
|
72
Texas Instruments
TXN
$236B
| $136M | 0.12% |
1,067,951
+12,533
| +1% | +$1.46M |
|
73
Williams Companies
WMB
$90.2B
| $130M | 0.12% |
6,826,068
+2,921,897
| +75% | +$54.4M |
|
74
Chubb
CB
$131B
| $128M | 0.12% |
1,012,485
-19,144
| -2% | -$2.22M |
|
75
PNC Financial Services
PNC
$96.6B
| $125M | 0.11% |
1,192,245
+111,298
| +10% | +$11.7M |
|
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 33% 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.