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 |
Oracle
ORCL
|
+$2.24B |
| 2 |
Apple
AAPL
|
+$1.14B |
| 3 |
Tesla
TSLA
|
+$1.05B |
| 4 |
Shopify
SHOP
|
+$1B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$901M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vertex Pharmaceuticals
VRTX
|
+$1.13B |
| 2 |
Netflix
NFLX
|
+$1.1B |
| 3 |
NVO
Novo Nordisk
NVO
|
+$1.03B |
| 4 |
Eli Lilly
LLY
|
+$931M |
| 5 |
Trade Desk
TTD
|
+$899M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.77% |
| 2 | Communication Services | 17.54% |
| 3 | Consumer Discretionary | 14.14% |
| 4 | Healthcare | 7% |
| 5 | Financials | 6.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NSA
226
DELISTED
National Storage Affiliates Trust
NSA
| $45.9M | 0.03% |
1,518,447
+33,302
| +2% | +$1.04M |
|
227
Republic Services
RSG
$64.5B
| $45.6M | 0.03% |
198,860
+135,106
| +212% | +$31.7M |
|
228
Xenon Pharmaceuticals
XENE
$6.02B
| $45.6M | 0.03% |
1,135,235
+438,852
| +63% | +$15.5M |
|
229
Griffon
GFF
$4.1B
| $45.2M | 0.03% |
593,966
+574,223
| +2,908% | +$44.3M |
|
230
Impinj
PI
$4.93B
| $44.7M | 0.03% |
247,545
-1,449
| -0.6% | -$228K |
|
231
Blackstone
BX
$108B
| $44.7M | 0.03% |
261,699
+1,334
| +0.5% | +$229K |
|
232
Hexcel
HXL
$7.73B
| $44.6M | 0.03% |
711,970
+427,699
| +150% | +$26.3M |
|
233
DuPont de Nemours
DD
$19.1B
| $44.6M | 0.03% |
456,496
+68,065
| +18% | +$6.41M |
|
234
Avient
AVNT
$3.43B
| $44.3M | 0.03% |
1,345,673
+35,632
| +3% | +$1.24M |
|
235
Cloudflare
NET
$100B
| $44.3M | 0.03% |
206,468
+9,718
| +5% | +$1.98M |
|
236
Flywire
FLYW
$2.05B
| $44.3M | 0.03% |
3,269,831
+1,497,651
| +85% | +$18.4M |
|
237
United Rentals
URI
$69.5B
| $44.2M | 0.03% |
46,316
+15,961
| +53% | +$14.2M |
|
238
Ero Copper
ERO
$2.85B
| $43.9M | 0.03% |
2,167,724
-3,319,566
| -60% | -$50.6M |
|
239
CBRE Group
CBRE
$43B
| $43.5M | 0.03% |
275,778
-43,437
| -14% | -$6.72M |
|
240
Cameco
CCJ
$39.1B
| $43.4M | 0.03% |
517,644
-98,592
| -16% | -$7.65M |
|
241
PepsiCo
PEP
$191B
| $43M | 0.03% |
306,389
-12,164
| -4% | -$1.74M |
|
242
Chefs' Warehouse
CHEF
$4.54B
| $43M | 0.03% |
737,016
-15,192
| -2% | -$968K |
|
243
ASML
ASML
$658B
| $43M | 0.03% |
44,386
+39,590
| +825% | +$31.1M |
|
244
MACOM Technology Solutions
MTSI
$19.5B
| $42.8M | 0.02% |
343,744
-243,994
| -42% | -$32.2M |
|
245
Vaxcyte
PCVX
$7.73B
| $42.2M | 0.02% |
1,170,899
-228,400
| -16% | -$7.57M |
|
246
Agilent Technologies
A
$39.5B
| $41.9M | 0.02% |
326,557
-35,404
| -10% | -$4.28M |
|
247
Rhythm Pharmaceuticals
RYTM
$7.05B
| $41.6M | 0.02% |
+411,550
| New | +$38.2M |
|
248
Mercury Systems
MRCY
$6.35B
| $41.5M | 0.02% |
+536,407
| New | +$33.4M |
|
249
Boot Barn
BOOT
$4.8B
| $41.5M | 0.02% |
250,174
-97,169
| -28% | -$16.7M |
|
250
Zurn Elkay Water Solutions
ZWS
$8.49B
| $41.3M | 0.02% |
878,160
-301,572
| -26% | -$13M |
|
Similar funds
Jennison Associates's Q3 2025 Portfolio in Review
As of Q3 2025, Jennison Associates held 667 positions worth $172B, up 1.9% from $169B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jennison Associates withdrew a net $8.14B in Q3 2025, closing 107 positions and reducing 253 holdings. Its most notable exit was Fair Isaac, an estimated $172M position sold in full.
By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 36% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Advanced Micro Devices worth $627M.
- Jennison Associates's largest Q3 2025 buy was Advanced Micro Devices: 3,874,319 shares worth $627M.
- Jennison Associates added most to Oracle in Q3 2025, an estimated $2.24B increase.
- Jennison Associates's biggest Q3 2025 reduction was Vertex Pharmaceuticals, cutting an estimated $1.13B.
- Jennison Associates fully exited Fair Isaac in Q3 2025, selling an estimated $172M.
- Jennison Associates's ten largest holdings make up 47% of its $172B portfolio in Q3 2025.
- Jennison Associates opened 93 new positions and closed 107 in Q3 2025.
- Jennison Associates's portfolio value rose 1.9% quarter-over-quarter to $172B.
Based on Jennison Associates's 13F filing for Q3 2025, filed 30 Oct 2025.