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 | |
|---|---|---|---|---|---|---|
101
Labcorp
LH
$27.2B
| $91.6M | 0.08% |
641,895
-33,433
| -5% | -$4.63M |
|
102
Sempra
SRE
$55.1B
| $89.9M | 0.08% |
1,534,018
+77,546
| +5% | +$4.76M |
|
103
Zimmer Biomet
ZBH
$19.2B
| $88M | 0.08% |
759,477
+623,058
| +457% | +$71.8M |
|
104
Five Below
FIVE
$13.4B
| $87.7M | 0.08% |
820,343
+115,487
| +16% | +$10.8M |
|
105
Qualcomm
QCOM
$175B
| $86.5M | 0.08% |
948,653
-3,877,153
| -80% | -$311M |
|
106
ConocoPhillips
COP
$157B
| $86.2M | 0.08% |
2,050,564
+1,772,340
| +637% | +$71.7M |
|
107
Saia
SAIA
$9.37B
| $82.2M | 0.07% |
739,516
-174,669
| -19% | -$16.7M |
|
|
108
Broadcom
AVGO
$1.75T
| $81.6M | 0.07% |
2,584,820
-13,766,510
| -84% | -$385M |
|
109
Marvell Technology
MRVL
$195B
| $81.3M | 0.07% |
2,317,966
-405,462
| -15% | -$11.9M |
|
110
Walt Disney
DIS
$187B
| $80M | 0.07% |
717,690
-51,677
| -7% | -$5.71M |
|
111
SAP
SAP
$256B
| $78.7M | 0.07% |
562,311
-5,909
| -1% | -$728K |
|
112
Edison International
EIX
$27B
| $78.5M | 0.07% |
1,444,551
-490,593
| -25% | -$28.2M |
|
|
FOLD
113
DELISTED
Amicus Therapeutics
FOLD
| $76.7M | 0.07% |
5,084,839
-23,271
| -0.5% | -$284K |
|
114
D.R. Horton
DHI
$41.2B
| $73.9M | 0.07% |
+1,333,000
| New | +$64.6M |
|
115
Burlington
BURL
$17.1B
| $73.9M | 0.07% |
375,242
+36,920
| +11% | +$6.95M |
|
|
LVGO
116
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $71.9M | 0.07% |
956,472
+6,139
| +0.6% | +$321K |
|
117
Northrop Grumman
NOC
$77.5B
| $71M | 0.06% |
230,845
-55,693
| -19% | -$18.3M |
|
118
Quanta Services
PWR
$90.6B
| $70.9M | 0.06% |
1,807,996
-157,753
| -8% | -$5.63M |
|
|
BAND
119
Bandwidth Inc
BAND
$1.58B
| $69.9M | 0.06% |
550,254
-77,995
| -12% | -$7.87M |
|
120
American Water Works
AWK
$27.5B
| $69.8M | 0.06% |
542,451
| – | – |
|
|
APLS
121
DELISTED
Apellis Pharmaceuticals
APLS
| $69.5M | 0.06% |
2,127,078
+37,561
| +2% | +$1.21M |
|
122
Darling Ingredients
DAR
$10.1B
| $69.3M | 0.06% |
2,814,695
+2,908
| +0.1% | +$63.3K |
|
123
Molina Healthcare
MOH
$10.4B
| $69M | 0.06% |
387,695
+200,053
| +107% | +$34.1M |
|
|
CTLT
124
DELISTED
CATALENT, INC.
CTLT
| $68.7M | 0.06% |
937,236
-107,649
| -10% | -$7.31M |
|
|
AVLR
125
DELISTED
Avalara, Inc.
AVLR
| $68.2M | 0.06% |
512,288
+113,985
| +29% | +$11.2M |
|
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.