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 | |
|---|---|---|---|---|---|---|
176
Bankunited
BKU
$3.37B
| $46.1M | 0.04% |
2,278,111
-407,791
| -15% | -$7.65M |
|
177
Tandem Diabetes Care
TNDM
$1.34B
| $45.5M | 0.04% |
459,866
-177,271
| -28% | -$14.1M |
|
178
Global Payments
GPN
$23B
| $45.2M | 0.04% |
266,601
-37,895
| -12% | -$6.31M |
|
179
GFL Environmental
GFL
$14.9B
| $45.1M | 0.04% |
2,401,347
+574,818
| +31% | +$9.83M |
|
180
Cousins Properties
CUZ
$5.19B
| $45M | 0.04% |
1,510,087
+65,198
| +5% | +$1.96M |
|
181
CDW
CDW
$18.9B
| $44.8M | 0.04% |
385,725
-227,103
| -37% | -$24.6M |
|
182
Nice
NICE
$5.79B
| $44.8M | 0.04% |
+236,807
| New | +$41.5M |
|
183
Azenta
AZTA
$1.3B
| $44.4M | 0.04% |
1,003,623
-16,321
| -2% | -$624K |
|
184
Globant
GLOB
$1.58B
| $44.4M | 0.04% |
296,251
+284,140
| +2,346% | +$35.1M |
|
|
INFO
185
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $44.3M | 0.04% |
586,958
+18,710
| +3% | +$1.27M |
|
186
O'Reilly Automotive
ORLY
$72.9B
| $44.2M | 0.04% |
+1,571,130
| New | +$41.1M |
|
|
MINI
187
DELISTED
Mobile Mini Inc
MINI
| $43.6M | 0.04% |
1,478,325
-425,593
| -22% | -$12.7M |
|
188
AbbVie
ABBV
$443B
| $43.4M | 0.04% |
441,865
+427,432
| +2,961% | +$37.6M |
|
189
NiSource
NI
$21.3B
| $43.3M | 0.04% |
1,904,992
-749,092
| -28% | -$18.1M |
|
190
Regeneron Pharmaceuticals
REGN
$78.5B
| $42.8M | 0.04% |
68,557
+22,157
| +48% | +$12.6M |
|
191
AES
AES
$10.5B
| $42.7M | 0.04% |
2,948,944
| – | – |
|
192
SLM Corp
SLM
$4.89B
| $42.6M | 0.04% |
6,064,708
+373,635
| +7% | +$2.79M |
|
|
GLDD
193
DELISTED
Great Lakes Dredge & Dock
GLDD
| $42.5M | 0.04% |
4,590,010
+403,980
| +10% | +$3.53M |
|
|
EVBG
194
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $42.5M | 0.04% |
307,044
+52,556
| +21% | +$6.83M |
|
|
PPD
195
DELISTED
PPD, Inc. Common Stock
PPD
| $41.7M | 0.04% |
1,556,921
+740,266
| +91% | +$18.5M |
|
196
Neurocrine Biosciences
NBIX
$16.8B
| $41.7M | 0.04% |
341,858
-40,302
| -11% | -$4.45M |
|
|
TPTX
197
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $41M | 0.04% |
634,504
+5,756
| +0.9% | +$332K |
|
198
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $40.3M | 0.04% |
958,919
-603,297
| -39% | -$23.9M |
|
199
East-West Bancorp
EWBC
$17.9B
| $39.4M | 0.04% |
1,087,224
-7,811
| -0.7% | -$261K |
|
200
Q2 Holdings
QTWO
$3.8B
| $39.4M | 0.04% |
458,844
-20,574
| -4% | -$1.58M |
|
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.