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 | |
|---|---|---|---|---|---|---|
76
MetLife
MET
$61.3B
| $124M | 0.11% |
3,406,870
-64,884
| -2% | -$2.26M |
|
77
Equinix
EQIX
$103B
| $124M | 0.11% |
176,290
+4,380
| +3% | +$2.96M |
|
78
Verizon
VZ
$208B
| $121M | 0.11% |
2,201,741
+82,541
| +4% | +$4.64M |
|
79
Cigna
CI
$73.7B
| $121M | 0.11% |
644,434
+5,277
| +0.8% | +$1M |
|
80
Natera
NTRA
$47B
| $117M | 0.11% |
2,348,726
+4,808
| +0.2% | +$193K |
|
81
Entergy
ETR
$49.3B
| $116M | 0.11% |
2,482,062
| – | – |
|
82
SBA Communications
SBAC
$20.3B
| $116M | 0.1% |
388,911
-90,189
| -19% | -$26.6M |
|
83
Bank of America
BAC
$436B
| $112M | 0.1% |
4,710,901
-19,151
| -0.4% | -$452K |
|
|
IMMU
84
DELISTED
Immunomedics Inc
IMMU
| $110M | 0.1% |
3,107,240
-1,914,054
| -38% | -$56M |
|
85
UnitedHealth
UNH
$353B
| $109M | 0.1% |
368,600
+31,735
| +9% | +$9.09M |
|
86
Sea Limited
SE
$73.1B
| $107M | 0.1% |
996,732
+266,805
| +37% | +$19.3M |
|
87
Truist Financial
TFC
$61.6B
| $104M | 0.09% |
2,773,166
+249,992
| +10% | +$9M |
|
88
HubSpot
HUBS
$13B
| $103M | 0.09% |
459,808
-224,191
| -33% | -$40.3M |
|
89
argenx
ARGX
$64B
| $102M | 0.09% |
453,450
+46,732
| +11% | +$8.3M |
|
90
Constellation Brands
STZ
$22.3B
| $102M | 0.09% |
581,506
-2,126,747
| -79% | -$354M |
|
91
Alliant Energy
LNT
$17.6B
| $101M | 0.09% |
2,110,672
+130,801
| +7% | +$6.37M |
|
92
Citigroup
C
$223B
| $100M | 0.09% |
1,957,191
+15,901
| +0.8% | +$754K |
|
93
Bristol-Myers Squibb
BMY
$136B
| $99.8M | 0.09% |
1,697,164
+483,423
| +40% | +$28.9M |
|
94
PepsiCo
PEP
$193B
| $99.3M | 0.09% |
750,917
-68,809
| -8% | -$9.07M |
|
95
Cheniere Energy
LNG
$58.3B
| $97.3M | 0.09% |
2,013,204
+1,198,278
| +147% | +$52.3M |
|
96
Procter & Gamble
PG
$334B
| $96.1M | 0.09% |
803,941
-533,066
| -40% | -$62.2M |
|
97
Essential Utilities
WTRG
$11.7B
| $94.9M | 0.09% |
2,246,864
-14,912
| -0.7% | -$630K |
|
98
Sarepta Therapeutics
SRPT
$2.2B
| $93.6M | 0.08% |
583,981
-191,939
| -25% | -$26.1M |
|
99
RTX Corp
RTX
$285B
| $93M | 0.08% |
1,509,120
+480,273
| +47% | +$30M |
|
100
Johnson Controls International
JCI
$84.6B
| $92.2M | 0.08% |
2,701,584
+579,105
| +27% | +$17.8M |
|
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.