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 |
Microsoft
MSFT
|
+$864M |
| 2 |
Shopify
SHOP
|
+$624M |
| 3 |
Vertex Pharmaceuticals
VRTX
|
+$502M |
| 4 |
TSMC
TSM
|
+$470M |
| 5 |
Constellation Energy
CEG
|
+$451M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$1.03B |
| 2 |
Apple
AAPL
|
+$843M |
| 3 |
Broadcom
AVGO
|
+$764M |
| 4 |
Amazon
AMZN
|
+$530M |
| 5 |
Uber
UBER
|
+$520M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.95% |
| 2 | Communication Services | 17.48% |
| 3 | Consumer Discretionary | 14.75% |
| 4 | Healthcare | 9.68% |
| 5 | Financials | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Rush Enterprises Class A
RUSHA
$6.2B
| $47.6M | 0.03% |
923,847
+40,936
| +5% | +$2.08M |
|
|
NSA
227
DELISTED
National Storage Affiliates Trust
NSA
| $47.5M | 0.03% |
1,485,145
+413,173
| +39% | +$14.4M |
|
228
Enerpac Tool Group
EPAC
$1.83B
| $47.5M | 0.03% |
1,170,797
-113,944
| -9% | -$4.8M |
|
229
Elanco Animal Health
ELAN
$13.2B
| $46.2M | 0.03% |
3,234,717
+2,468,122
| +322% | +$28.8M |
|
|
APLS
230
DELISTED
Apellis Pharmaceuticals
APLS
| $46.1M | 0.03% |
2,661,823
+184,292
| +7% | +$3.41M |
|
231
iRhythm Holdings
IRTC
$3.85B
| $45.8M | 0.03% |
297,492
+17,305
| +6% | +$2.24M |
|
232
Cameco
CCJ
$37.6B
| $45.7M | 0.03% |
616,236
+8,285
| +1% | +$442K |
|
233
Vaxcyte
PCVX
$7.81B
| $45.5M | 0.03% |
1,399,299
+273,579
| +24% | +$8.97M |
|
234
Kanzhun
BZ
$7.27B
| $45.4M | 0.03% |
2,545,652
-569,815
| -18% | -$9.57M |
|
235
First Interstate BancSystem
FIBK
$3.69B
| $44.8M | 0.03% |
1,555,385
+39,412
| +3% | +$1.06M |
|
236
CBRE Group
CBRE
$42.5B
| $44.7M | 0.03% |
319,215
-337,892
| -51% | -$42.7M |
|
|
WCC
237
WESCO International
WCC
$16.7B
| $44.3M | 0.03% |
239,431
-48,579
| -17% | -$8.01M |
|
|
TLN
238
Talen Energy Corp
TLN
$16B
| $43.9M | 0.03% |
150,886
+24,659
| +20% | +$5.85M |
|
239
Quanta Services
PWR
$100B
| $43.7M | 0.03% |
115,626
-505,347
| -81% | -$162M |
|
240
Warby Parker
WRBY
$3.28B
| $43.7M | 0.03% |
1,992,921
-181,237
| -8% | -$3.35M |
|
241
Lincoln National
LNC
$8.73B
| $43.7M | 0.03% |
+1,262,613
| New | +$41.3M |
|
242
Alliant Energy
LNT
$18.3B
| $43.6M | 0.03% |
721,531
+183,802
| +34% | +$11.2M |
|
243
Zurn Elkay Water Solutions
ZWS
$8.38B
| $43.1M | 0.03% |
1,179,732
-25,565
| -2% | -$880K |
|
244
EQT Corp
EQT
$33.3B
| $43.1M | 0.03% |
738,914
+66,647
| +10% | +$3.6M |
|
245
Futu Holdings
FUTU
$14.7B
| $42.8M | 0.03% |
345,953
-70,360
| -17% | -$7.19M |
|
246
Agilent Technologies
A
$39.1B
| $42.7M | 0.03% |
361,961
-77,151
| -18% | -$8.55M |
|
247
Avient
AVNT
$3.33B
| $42.3M | 0.03% |
1,310,041
-234,652
| -15% | -$8.12M |
|
248
PepsiCo
PEP
$190B
| $42.1M | 0.02% |
318,553
+6,757
| +2% | +$910K |
|
249
Moelis & Co
MC
$4.97B
| $41.8M | 0.02% |
671,431
+186,193
| +38% | +$10.4M |
|
250
Corning
GLW
$119B
| $41.6M | 0.02% |
791,875
+378
| +0% | +$17.7K |
|
Similar funds
Jennison Associates's Q2 2025 Portfolio in Review
As of Q2 2025, Jennison Associates held 642 positions worth $169B, up 18% from $143B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Jennison Associates's Q2 2025 filing shows 75 new, 257 increased, 235 reduced and 68 closed positions. Its largest new stake was Thermo Fisher Scientific: 165,992 shares worth $67.3M. The largest sale was Netflix, an estimated $1.03B.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 33% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Jennison Associates's largest Q2 2025 buy was Thermo Fisher Scientific: 165,992 shares worth $67.3M.
- Jennison Associates added most to Microsoft in Q2 2025, an estimated $864M increase.
- Jennison Associates's biggest Q2 2025 reduction was Netflix, cutting an estimated $1.03B.
- Jennison Associates fully exited Vertiv in Q2 2025, selling an estimated $308M.
- Jennison Associates's ten largest holdings make up 45% of its $169B portfolio in Q2 2025.
- Jennison Associates opened 75 new positions and closed 68 in Q2 2025.
- Jennison Associates's portfolio value rose 18% quarter-over-quarter to $169B.
Based on Jennison Associates's 13F filing for Q2 2025, filed 1 Aug 2025.