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 | |
|---|---|---|---|---|---|---|
201
PENN Entertainment
PENN
$2.33B
| $39.2M | 0.04% |
1,284,478
-251,147
| -16% | -$5.75M |
|
202
Wingstop
WING
$3.09B
| $39.2M | 0.04% |
282,165
-9,383
| -3% | -$1.09M |
|
203
BJs Wholesale Club
BJ
$11.4B
| $38.4M | 0.03% |
1,031,113
+948,825
| +1,153% | +$29.1M |
|
204
L3Harris
LHX
$48.9B
| $38.4M | 0.03% |
226,465
+23,421
| +12% | +$4.4M |
|
205
Take-Two Interactive
TTWO
$44B
| $37.7M | 0.03% |
269,930
-7,058
| -3% | -$923K |
|
206
Pinterest
PINS
$13.1B
| $36.5M | 0.03% |
1,644,203
+551,565
| +50% | +$10.8M |
|
207
Eversource Energy
ES
$26.7B
| $36.4M | 0.03% |
437,341
| – | – |
|
208
Tower Semiconductor
TSEM
$23.5B
| $36.3M | 0.03% |
1,900,500
+348,566
| +22% | +$6.67M |
|
209
Moelis & Co
MC
$5.07B
| $35.9M | 0.03% |
1,152,985
-32,257
| -3% | -$1.01M |
|
210
Kinder Morgan
KMI
$70.3B
| $35.7M | 0.03% |
2,352,676
-227,921
| -9% | -$3.46M |
|
211
Advance Auto Parts
AAP
$2.59B
| $35.7M | 0.03% |
250,446
+40,384
| +19% | +$5.13M |
|
212
Agilent Technologies
A
$43.4B
| $35.6M | 0.03% |
403,283
+77,644
| +24% | +$6.36M |
|
213
Emergent Biosolutions
EBS
$303M
| $35.6M | 0.03% |
450,484
-81,250
| -15% | -$6.05M |
|
214
Microchip Technology
MCHP
$39.6B
| $35.2M | 0.03% |
668,950
+88
| +0% | +$3.96K |
|
215
Ametek
AME
$54.2B
| $34.9M | 0.03% |
390,941
-83,787
| -18% | -$7.03M |
|
216
Sprouts Farmers Market
SFM
$7.6B
| $34.8M | 0.03% |
1,358,285
+640,413
| +89% | +$14.7M |
|
217
Fate Therapeutics
FATE
$291M
| $34.7M | 0.03% |
1,012,425
-106,950
| -10% | -$3.19M |
|
218
AT&T
T
$178B
| $34.3M | 0.03% |
1,501,887
-1,414,878
| -49% | -$32.2M |
|
219
Dow Inc
DOW
$22B
| $33.5M | 0.03% |
823,026
-713
| -0.1% | -$26.1K |
|
220
Ameris Bancorp
ABCB
$5.74B
| $32.7M | 0.03% |
1,384,394
-222,308
| -14% | -$5.22M |
|
221
Vroom Inc
VRM
$48.1M
| $32.5M | 0.03% |
+7,804
| New | +$30.3M |
|
222
Agnico Eagle Mines
AEM
$104B
| $32.4M | 0.03% |
506,448
-105,358
| -17% | -$6.24M |
|
223
Align Technology
ALGN
$11.2B
| $32.4M | 0.03% |
+117,882
| New | +$26.5M |
|
224
Exelon
EXC
$45.3B
| $32.3M | 0.03% |
1,246,354
-1,092,363
| -47% | -$29M |
|
225
TC Energy
TRP
$64.4B
| $32.2M | 0.03% |
752,428
-247,782
| -25% | -$11.1M |
|
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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.