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 | |
|---|---|---|---|---|---|---|
251
Danaher
DHR
$139B
| $40.5M | 0.02% |
205,229
-149,326
| -42% | -$29M |
|
|
MOFG
252
DELISTED
MidWestOne Financial Group
MOFG
| $40.2M | 0.02% |
1,395,623
+60,026
| +4% | +$1.69M |
|
253
MPLX
MPLX
$59.3B
| $39.6M | 0.02% |
768,631
-3,063
| -0.4% | -$156K |
|
254
Blackstone
BX
$106B
| $38.9M | 0.02% |
260,365
-111,247
| -30% | -$15.3M |
|
255
Cloudflare
NET
$101B
| $38.5M | 0.02% |
+196,750
| New | +$28.6M |
|
256
Lifestance Health
LFST
$4.04B
| $37.6M | 0.02% |
7,265,249
-989,987
| -12% | -$5.93M |
|
257
TC Energy
TRP
$68.8B
| $37.4M | 0.02% |
765,680
-6,357
| -0.8% | -$312K |
|
258
Guardant Health
GH
$21.5B
| $37.2M | 0.02% |
+715,467
| New | +$32M |
|
259
RBC Bearings
RBC
$18.1B
| $37.2M | 0.02% |
96,742
+48,628
| +101% | +$17.2M |
|
260
Tencent Music
TME
$15.6B
| $37.2M | 0.02% |
1,907,995
-555,299
| -23% | -$8.73M |
|
261
Monolithic Power Systems
MPWR
$66.4B
| $37.1M | 0.02% |
50,684
+9,045
| +22% | +$5.76M |
|
262
GeneDx Holdings
WGS
$1.99B
| $36.7M | 0.02% |
397,896
+391,543
| +6,163% | +$30.7M |
|
263
Revvity
RVTY
$12.8B
| $36.6M | 0.02% |
377,902
+120,034
| +47% | +$11.3M |
|
264
Kymera Therapeutics
KYMR
$8.29B
| $36M | 0.02% |
825,025
+272,739
| +49% | +$9.39M |
|
|
INN
265
Summit Hotel Properties
INN
$750M
| $35.4M | 0.02% |
6,957,732
+114,369
| +2% | +$503K |
|
266
Hudbay
HBM
$10.3B
| $34.8M | 0.02% |
3,281,836
+548,134
| +20% | +$4.57M |
|
|
WAY
267
Waystar Holding Corp
WAY
$4.29B
| $34.7M | 0.02% |
849,677
+275,902
| +48% | +$10.6M |
|
268
Galicia Financial Group
GGAL
$8.13B
| $34.4M | 0.02% |
683,645
-401,684
| -37% | -$23M |
|
269
Insulet
PODD
$11.7B
| $34M | 0.02% |
108,354
-133,363
| -55% | -$38.5M |
|
270
DuPont de Nemours
DD
$18.8B
| $33.4M | 0.02% |
388,431
+17,344
| +5% | +$1.44M |
|
271
Enterprise Financial Services Corp
EFSC
$2.43B
| $33.4M | 0.02% |
605,723
+33,641
| +6% | +$1.75M |
|
|
EFOR
272
Everforth Inc
EFOR
$1.23B
| $33.2M | 0.02% |
665,882
+79,248
| +14% | +$4.33M |
|
273
Pinnacle West Capital
PNW
$12.2B
| $33M | 0.02% |
368,843
-4,590
| -1% | -$420K |
|
274
Herc Holdings
HRI
$5.41B
| $32.8M | 0.02% |
249,388
-50,139
| -17% | -$6.09M |
|
275
Regal Rexnord
RRX
$13.9B
| $32.8M | 0.02% |
226,428
+45,821
| +25% | +$5.75M |
|
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.