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 | |
|---|---|---|---|---|---|---|
126
TSMC
TSM
$2.1T
| $67.8M | 0.06% |
1,194,135
+816,452
| +216% | +$43M |
|
127
Abbott
ABT
$183B
| $65.9M | 0.06% |
720,696
-17,337
| -2% | -$1.57M |
|
|
NVO
128
Novo Nordisk
NVO
$208B
| $65.1M | 0.06% |
1,989,660
-315,560
| -14% | -$10.1M |
|
129
Ross Stores
ROST
$80.5B
| $64.5M | 0.06% |
756,210
-56,094
| -7% | -$5.08M |
|
130
Lam Research
LRCX
$367B
| $64.4M | 0.06% |
1,990,760
+85,940
| +5% | +$2.34M |
|
|
SILK
131
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $64.3M | 0.06% |
1,534,741
+198,912
| +15% | +$7.64M |
|
132
Centene
CNC
$30.7B
| $63.8M | 0.06% |
1,003,459
+35,999
| +4% | +$2.34M |
|
133
McDonald's
MCD
$192B
| $63.2M | 0.06% |
342,616
-260
| -0.1% | -$47.7K |
|
|
QTS
134
DELISTED
QTS REALTY TRUST, INC.
QTS
| $63.2M | 0.06% |
985,750
-15,142
| -2% | -$952K |
|
135
United Rentals
URI
$67.2B
| $63.1M | 0.06% |
423,101
-23,093
| -5% | -$2.93M |
|
136
CenterPoint Energy
CNP
$27.7B
| $62.9M | 0.06% |
+3,369,498
| New | +$58.1M |
|
|
HZNP
137
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $62.7M | 0.06% |
1,127,394
-867,747
| -43% | -$37.1M |
|
138
Zurn Elkay Water Solutions
ZWS
$8.38B
| $62M | 0.06% |
4,412,308
-371,925
| -8% | -$4.88M |
|
139
CoStar Group
CSGP
$11.7B
| $61.7M | 0.06% |
868,230
+127,970
| +17% | +$8.27M |
|
|
MRSH
140
Marsh
MRSH
$90.5B
| $60.7M | 0.05% |
565,312
+25,064
| +5% | +$2.54M |
|
141
Enbridge
ENB
$119B
| $60.7M | 0.05% |
1,994,150
+36,555
| +2% | +$1.12M |
|
142
Otis Worldwide
OTIS
$27.4B
| $60.6M | 0.05% |
+1,065,803
| New | +$55.2M |
|
|
SUM
143
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $60.4M | 0.05% |
3,822,229
-653,416
| -15% | -$9.37M |
|
144
Etsy
ETSY
$7.75B
| $59.8M | 0.05% |
562,619
+15,460
| +3% | +$1.14M |
|
145
General Motors
GM
$80.4B
| $59.6M | 0.05% |
+2,356,060
| New | +$57.3M |
|
146
Performance Food Group
PFGC
$18B
| $58.4M | 0.05% |
2,004,132
+23,901
| +1% | +$622K |
|
|
MRTX
147
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $57.6M | 0.05% |
504,451
-78,468
| -13% | -$7.61M |
|
148
Public Service Enterprise Group
PEG
$38.2B
| $57.5M | 0.05% |
1,169,964
+502,534
| +75% | +$25M |
|
|
CYBR
149
DELISTED
CyberArk
CYBR
| $56.7M | 0.05% |
571,390
-63,999
| -10% | -$6.23M |
|
150
Emerson Electric
EMR
$83.9B
| $56.4M | 0.05% |
908,535
+110,078
| +14% | +$6.25M |
|
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.