Jennison Associates Discloses 3.56M Share Stake in MongoDB

TL;DR

**Jennison Associates just revealed a big stake in MongoDB, signaling institutional confidence.**

AI Summary

Jennison Associates LLC, a New York-based investment advisor, reported beneficial ownership of 3,565,410 shares of MongoDB, Inc. Class A Common Stock as of December 31, 2023. This filing, an initial SC 13G, indicates Jennison Associates holds significant sole voting power over these shares. This matters to investors because it signals a major institutional investor has a substantial stake in MongoDB, potentially indicating confidence in the company's future performance and stability.

Why It Matters

This filing reveals a large institutional investor's significant position in MongoDB, which can influence stock stability and investor sentiment.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive signal rather than a risk.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating institutional confidence in MongoDB's growth prospects, and might consider further research into MongoDB's fundamentals.

Key Numbers

• 3,565,410 — Shares Beneficially Owned (Represents the number of MongoDB Class A Common Stock shares Jennison Associates LLC has sole voting power over.)

Key Players & Entities

• Jennison Associates LLC (company) — reporting person, investment advisor
• MongoDB, Inc. (company) — subject company, issuer of securities
• 3,565,410 shares (dollar_amount) — shares beneficially owned with sole voting power by Jennison Associates LLC
• December 31, 2023 (person) — date of event requiring filing

Forward-Looking Statements

• Jennison Associates LLC will maintain or increase its stake in MongoDB, Inc. over the next year. (Jennison Associates LLC) — medium confidence, target: 2025-02-08

FAQ

From the Filing

0000053417-24-000024.txt : 20240208 0000053417-24-000024.hdr.sgml : 20240208 20240208140604 ACCESSION NUMBER: 0000053417-24-000024 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240208 DATE AS OF CHANGE: 20240208 GROUP MEMBERS: MONGODB, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MongoDB, Inc. CENTRAL INDEX KEY: 0001441816 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90204 FILM NUMBER: 24608318 BUSINESS ADDRESS: STREET 1: 1633 BROADWAY STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 866-237-8815 MAIL ADDRESS: STREET 1: 1633 BROADWAY STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: 10GEN INC DATE OF NAME CHANGE: 20080801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JENNISON ASSOCIATES LLC CENTRAL INDEX KEY: 0000053417 ORGANIZATION NAME: IRS NUMBER: 132631108 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 466 LEXINGTON AVE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2124211000 MAIL ADDRESS: STREET 1: 466 LEXINGTON AVE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: JENNISON ASSOCIATES CAPITAL CORP DATE OF NAME CHANGE: 19940511 SC 13G 1 MDB1223.txt Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 0)* December 31, 2023 (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this schedule is filed: (X) Rule 13d-1(b) ( ) Rule 13d-1(c) ( ) Rule 13d-1(d) Name of Issuer: MongoDB, Inc. Title of Class of Securities: Class A Common Stock CUSIP Number: 60937P106 *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP Number: 60937P106 1. Name of Reporting Person: Jennison Associates LLC S.S. or I.R.S. Identification No. of Above Person: IRS Identification #52-2069785 (formerly 13-2631108) 2. Check the Appropriate Box if a Member of a Group: Not Applicable 3. SEC Use Only 4. Citizenship or Place of Organization: Delaware Number of Shares Beneficially Owned By Each Reporting Person With: 5. Sole Voting Power: 3,565,410 shares 6. Shared Voting Power: 0 shares 7. Sole Dispositive Power: 0 shares 8. Shared Dispositive Power: 3,856,857 shares 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,856,857 shares 10. Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares: ( ) 11. Percent of Class Represented by Amount in Row 9: 5.3% 12. Type of Reporting Person*: IA Item 1(a) Name of Issuer: MongoDB, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 1633 Broadway, 38th Floor New York, NY 10019 Item 2(a) Name of Person Filing: Jennison Associates LLC Item 2(b) Address of Principal Business Office or Residence: 466 Lexington Avenue New York, NY 10017 Item 2(c) Citizenship: Delaware Item 2(d) Title of Class of Securities: Class A Common Stock Item 2(e) CUSIP Number: 60937P106 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), or (c) check whether the person filing is a: (a) ( ) Broker or Dealer registered under Section 15 of the Act (b) ( ) Bank as defined in Section 3(a) (6) of the Act (c) (