Large Cap
Growth

Focused on Uncovering Accelerating and/or Long-Term Growth Opportunities

KEY CHARACTERISTICS & MATERIALS



OVERVIEW

Our team believes that:

  • Growth in earnings and cash flows drive share prices over the long-term
  • Excess returns are generated by investing in market leading companies that create economic value through long duration competitive advantages

 



CHARACTERISTICS

Composite Inception:
Strategy AUM:
Benchmark:
No. of Holdings:
EPS Growth of Holdings:
Cash:
Available Vehicles:


7/31/69
$63,494.3 Million as of 6/30/19
Russell 1000® Growth Index
Typically 50-70
Higher than benchmark and broader market
Typically less than 5%
  • Institutional Separate Account
  • Collective Investment Trust
  • Mutual Fund
  • Managed Account (SMA)
  • UCITS







  • PORTFOLIO MANAGEMENT



    Spiros Segalas

    Founder, President and Chief Investment Officer

    Spiros Segalas

    Founder, President and Chief Investment Officer

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    Kathleen A. McCarragher

    Managing Director, Head of Growth Equity

    Kathleen A. McCarragher

    Managing Director, Head of Growth Equity

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    Michael Del Balso

    Managing Director

    Michael Del Balso

    Managing Director

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    Blair A. Boyer

    Managing Director, Co-Head of Large Cap Growth Equity

    Blair A. Boyer

    Managing Director, Co-Head of Large Cap Growth Equity

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    Rebecca Irwin

    Managing Director

    Rebecca Irwin

    Managing Director

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    Natasha Kuhlkin, CFA

    Managing Director

    Natasha Kuhlkin, CFA

    Managing Director

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    Our Large Cap Growth team includes six portfolio managers and eleven dedicated research analysts. Each portfolio is assigned to a particular portfolio manager, who makes investment decisions for that portfolio. PMs work closely with research analysts and other PMs, continually discussing investment ideas and convictions in particular securities. This interactive process prizes intellectual rigor and discussion, and leverages the knowledge and skills of the entire investment team. It underpins manager conviction in decisions, and helps to ensure that Jennison’s collective insight and intellectual capital are reflected in every portfolio.

    Meet The Team




    PERFORMANCE DATA


    As of June 30, 2019Qtr1 Year3 Year5 Year10 YearSince Inception
    Large Cap Growth Equity Composite - Gross 3.38.721.214.416.712.0
    Large Cap Growth Equity Composite - Net3.28.520.914.216.411.6
    Russell 1000 Growth Index4.611.618.113.416.3-


    Past performance does not guarantee future results. Performance results are calculated in US dollars and reflect reinvestment of dividends and other earnings. Inception of Large Cap Growth Equity Composite: 7/31/69. Inception of Russell 1000® Growth Index: 1/1/79. Periods greater than one year are annualized. Unless otherwise noted, source for Russell® Index data: Mellon Analytical Solutions or FT Interactive Data Corporation. Please click here to view the GIPS presentation for additional details, important performance information and disclosures.

     

    This website is intended for Institutional and Professional Investors only.

    Jennison Associates is a registered investment advisor and a Prudential Financial company. Certain investment vehicles are distributed or offered through Prudential Investment Management Services LLC (also a Prudential Financial Company) or other affiliated entities. Additionally, vehicles may not be registered or available for investment in all jurisdictions.

    Please remember that there are inherent risks involved with investing in the markets, and your investments may be worth more or less than your initial investment upon redemption. There is no guarantee that the investment managers’ objectives will be achieved. Professional money management is not suitable for all investors.

    Additional considerations:
    This web site is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services.The does not constitute investment advice and should not be used as the basis for any investment decision. There is no assurance that the strategy objectives as discussed will be met. Further, there is no assurance that any strategies, methods, sectors, or any investment programs herein were or will prove to be profitable, or that any investment recommendations or decisions we make in the future will be profitable for any investor or client.These materials do not purport to provide any legal, tax or accounting advice.

    The risks associated with investing include but are not limited to: derivative securities, which may carry market, credit, and liquidity risks; short sales, which involve costs and the risk of potentially unlimited losses; leveraging, which may magnify losses; high yield (“junk”) bonds, which are subject to greater market risks; small/mid cap stocks which may be subject to more erratic market movements than large cap stocks; foreign securities, which are subject to currency fluctuation and political uncertainty; real estate, which poses certain risks related to overall and specific economic conditions as well as risks related to individual property, credit and interest-rate fluctuations; and mortgage-backed securities, which are subject to prepayment and extension risks.

    Thematic and concentrated portfolios may not be suitable for all investors. Such portfolios are non-diversified, so a loss resulting from a particular security will have greater impact on the portfolio’s return. Fixed income investments are subject to interest rate risk, and their value will decline as interest rates rise.

    Your investment objectives, risk tolerance, and liquidity needs must be reviewed before suitable programs can be recommended. Asset allocation and diversification strategies do not assure a profit or protect against loss in declining markets. Investors should consult with their attorney, accountant, and/or tax professional for advice concerning their particular situation.