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 | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.87T
| $7.47B | 6.75% |
54,140,920
-660,560
| -1% | -$79.8M |
|
|
2
Microsoft
MSFT
$3.81T
| $6.04B | 5.46% |
29,684,246
-2,224,728
| -7% | -$404M |
|
3
Apple
AAPL
$4.67T
| $5.82B | 5.26% |
63,810,140
+6,266,952
| +11% | +$486M |
|
4
Tesla
TSLA
$1.38T
| $4.18B | 3.78% |
58,031,130
-6,778,320
| -10% | -$367M |
|
5
Netflix
NFLX
$340B
| $4.14B | 3.74% |
90,991,650
+1,486,720
| +2% | +$63.3M |
|
6
Meta Platforms (Facebook)
META
$1.47T
| $3.36B | 3.04% |
14,807,293
+2,110,327
| +17% | +$441M |
|
7
Mastercard
MA
$521B
| $3.33B | 3.01% |
11,262,760
-913,490
| -8% | -$258M |
|
8
Shopify
SHOP
$197B
| $3.13B | 2.83% |
33,002,440
+3,415,480
| +12% | +$237M |
|
9
Adobe
ADBE
$116B
| $3.04B | 2.75% |
6,994,206
-492,368
| -7% | -$182M |
|
10
NVIDIA
NVDA
$5.25T
| $2.96B | 2.67% |
311,460,480
-38,809,760
| -11% | -$314M |
|
|
11
Salesforce
CRM
$211B
| $2.83B | 2.56% |
15,118,824
-3,942,022
| -21% | -$664M |
|
12
lululemon athletica
LULU
$13.7B
| $2.63B | 2.38% |
8,440,646
+721,636
| +9% | +$185M |
|
13
Visa
V
$712B
| $2.46B | 2.22% |
12,739,817
-1,432,803
| -10% | -$262M |
|
14
Alphabet (Google) Class A
GOOGL
$4.24T
| $2.24B | 2.03% |
31,620,000
-812,140
| -3% | -$54.8M |
|
|
15
Alphabet (Google) Class C
GOOG
$4.19T
| $2.19B | 1.98% |
30,951,920
-687,140
| -2% | -$46.4M |
|
16
AstraZeneca
AZN
$252B
| $2.07B | 1.87% |
19,566,868
+165,806
| +0.9% | +$17.1M |
|
|
17
Alibaba
BABA
$296B
| $2.05B | 1.85% |
9,502,835
-5,022,493
| -35% | -$1.05B |
|
18
PayPal
PYPL
$45.9B
| $1.98B | 1.79% |
11,388,915
+3,291,638
| +41% | +$455M |
|
19
Home Depot
HD
$329B
| $1.48B | 1.34% |
5,912,207
+607,918
| +11% | +$139M |
|
|
20
RingCentral
RNG
$5.79B
| $1.41B | 1.27% |
4,942,786
+2,324,364
| +89% | +$588M |
|
21
Uber
UBER
$161B
| $1.4B | 1.27% |
45,137,556
+13,963,363
| +45% | +$435M |
|
|
COUP
22
DELISTED
Coupa Software Incorporated
COUP
| $1.35B | 1.22% |
4,858,591
+327,527
| +7% | +$66M |
|
23
Eli Lilly
LLY
$1.05T
| $1.32B | 1.2% |
8,063,372
-2,128,680
| -21% | -$327M |
|
24
Vertex Pharmaceuticals
VRTX
$137B
| $1.28B | 1.16% |
4,418,481
+56,726
| +1% | +$15.4M |
|
25
Nike
NKE
$58.7B
| $1.28B | 1.16% |
13,055,921
-1,007,804
| -7% | -$93M |
|
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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.