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 |
Constellation Energy
CEG
|
+$924M |
| 2 |
Starbucks
SBUX
|
+$862M |
| 3 |
Spotify
SPOT
|
+$706M |
| 4 |
CAVA Group
CAVA
|
+$657M |
| 5 |
KKR & Co
KKR
|
+$592M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eaton
ETN
|
+$1.34B |
| 2 |
Microsoft
MSFT
|
+$1.07B |
| 3 |
Palo Alto Networks
PANW
|
+$1.06B |
| 4 |
Advanced Micro Devices
AMD
|
+$1.01B |
| 5 |
NVIDIA
NVDA
|
+$999M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.76% |
| 2 | Communication Services | 17.2% |
| 3 | Consumer Discretionary | 15.67% |
| 4 | Healthcare | 10.6% |
| 5 | Financials | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Corning
GLW
$135B
| $36.2M | 0.03% |
791,497
+551,608
| +230% | +$27.2M |
|
252
EQT Corp
EQT
$32B
| $35.9M | 0.03% |
672,267
+174,162
| +35% | +$8.9M |
|
253
Pinnacle West Capital
PNW
$12.3B
| $35.6M | 0.02% |
373,433
-4,978
| -1% | -$444K |
|
254
Tencent Music
TME
$15.6B
| $35.5M | 0.02% |
2,463,294
-370,544
| -13% | -$4.63M |
|
|
AAMI
255
Acadian Asset Management
AAMI
$3.26B
| $35.5M | 0.02% |
1,372,613
+189,649
| +16% | +$4.77M |
|
256
iShares Russell 1000 Growth ETF
IWF
$127B
| $35.1M | 0.02% |
388,984
+91,604
| +31% | +$9.04M |
|
257
Cardinal Health
CAH
$56B
| $35.1M | 0.02% |
+254,817
| New | +$32.5M |
|
258
AllianceBernstein
AB
$3.47B
| $34.9M | 0.02% |
911,558
-28,091
| -3% | -$1.06M |
|
259
Entegris
ENTG
$22.2B
| $34.9M | 0.02% |
398,545
+37,156
| +10% | +$3.75M |
|
260
DuPont de Nemours
DD
$19.9B
| $34.8M | 0.02% |
371,087
-21,397
| -5% | -$2.09M |
|
|
BRKL
261
DELISTED
Brookline Bancorp
BRKL
| $34.6M | 0.02% |
3,174,794
+41,429
| +1% | +$483K |
|
262
Alliant Energy
LNT
$18.2B
| $34.6M | 0.02% |
537,729
-7,168
| -1% | -$438K |
|
263
Gartner
IT
$11.8B
| $33.9M | 0.02% |
80,820
-3,599
| -4% | -$1.77M |
|
264
Shake Shack
SHAK
$3B
| $33.3M | 0.02% |
377,987
+2,435
| +0.6% | +$264K |
|
265
Plains GP Holdings
PAGP
$4.96B
| $33.3M | 0.02% |
1,556,848
+178,370
| +13% | +$3.75M |
|
266
Dell
DELL
$299B
| $33.1M | 0.02% |
363,185
-802,569
| -69% | -$84.9M |
|
267
Cooper Companies
COO
$14.6B
| $32.1M | 0.02% |
380,544
-505,054
| -57% | -$45.3M |
|
268
Western Alliance Bancorporation
WAL
$9.05B
| $31.9M | 0.02% |
414,583
+12,040
| +3% | +$1.01M |
|
269
Mineralys Therapeutics
MLYS
$2.37B
| $31.4M | 0.02% |
1,979,033
+897,027
| +83% | +$10.3M |
|
|
BPMC
270
DELISTED
Blueprint Medicines
BPMC
| $30.9M | 0.02% |
348,817
-11,391
| -3% | -$1.11M |
|
271
Enterprise Financial Services Corp
EFSC
$2.42B
| $30.7M | 0.02% |
572,082
+5,302
| +0.9% | +$305K |
|
272
Century Communities
CCS
$2.03B
| $30.7M | 0.02% |
457,402
-8,264
| -2% | -$598K |
|
273
AvePoint
AVPT
$2.84B
| $30.6M | 0.02% |
+2,122,457
| New | +$35.7M |
|
274
Flywire
FLYW
$2.3B
| $30.6M | 0.02% |
3,223,637
-182,675
| -5% | -$2.88M |
|
275
Option Care Health
OPCH
$3.55B
| $30.4M | 0.02% |
870,588
+377,225
| +76% | +$11.8M |
|
Similar funds
Jennison Associates's Q1 2025 Portfolio in Review
As of Q1 2025, Jennison Associates held 646 positions worth $143B, down 13% from $165B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Jennison Associates withdrew a net $8.96B in Q1 2025, closing 79 positions and reducing 265 holdings. Its most notable exit was NVR, an estimated $307M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 38% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Starbucks worth $818M.
- Jennison Associates's largest Q1 2025 buy was Starbucks: 8,336,826 shares worth $818M.
- Jennison Associates added most to Constellation Energy in Q1 2025, an estimated $924M increase.
- Jennison Associates's biggest Q1 2025 reduction was Eaton, cutting an estimated $1.34B.
- Jennison Associates fully exited NVR in Q1 2025, selling an estimated $307M.
- Jennison Associates's ten largest holdings make up 45% of its $143B portfolio in Q1 2025.
- Jennison Associates opened 74 new positions and closed 79 in Q1 2025.
- Jennison Associates's portfolio value fell 13% quarter-over-quarter to $143B.
Based on Jennison Associates's 13F filing for Q1 2025, filed 5 May 2025.