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 | |
|---|---|---|---|---|---|---|
251
SAP
SAP
$226B
| $41.2M | 0.02% |
154,300
-67,049
| -30% | -$18.9M |
|
252
Lifestance Health
LFST
$4.01B
| $40.9M | 0.02% |
7,433,270
+168,021
| +2% | +$823K |
|
253
Solventum
SOLV
$14.9B
| $40.8M | 0.02% |
558,537
+517,983
| +1,277% | +$38M |
|
|
MOFG
254
DELISTED
MidWestOne Financial Group
MOFG
| $40.5M | 0.02% |
1,430,011
+34,388
| +2% | +$1M |
|
255
Stevanato
STVN
$5.48B
| $40.2M | 0.02% |
1,559,294
+473,780
| +44% | +$11.7M |
|
256
Ryan Specialty Holdings
RYAN
$5.79B
| $39.7M | 0.02% |
703,577
-297,230
| -30% | -$17.6M |
|
|
INN
257
Summit Hotel Properties
INN
$737M
| $39.1M | 0.02% |
7,124,329
+166,597
| +2% | +$909K |
|
258
Abbott
ABT
$181B
| $38.9M | 0.02% |
290,085
-2,377,470
| -89% | -$312M |
|
259
MPLX
MPLX
$61B
| $38.4M | 0.02% |
768,631
| – | – |
|
260
Procore
PCOR
$8.39B
| $38.1M | 0.02% |
522,742
-189,273
| -27% | -$13.2M |
|
261
Coherent
COHR
$65.4B
| $38.1M | 0.02% |
353,664
+149,411
| +73% | +$14.9M |
|
262
monday.com
MNDY
$3.83B
| $38.1M | 0.02% |
196,538
+33,666
| +21% | +$7.75M |
|
|
CDTX
263
DELISTED
Cidara Therapeutics
CDTX
| $37.9M | 0.02% |
396,015
+346,803
| +705% | +$22.1M |
|
264
Trip.com Group
TCOM
$29B
| $37.7M | 0.02% |
501,961
+56,955
| +13% | +$3.81M |
|
265
Futu Holdings
FUTU
$15.6B
| $37.4M | 0.02% |
215,018
-130,935
| -38% | -$21.7M |
|
266
Enterprise Financial Services Corp
EFSC
$2.43B
| $36.7M | 0.02% |
632,503
+26,780
| +4% | +$1.56M |
|
267
Paycom
PAYC
$8.1B
| $35.6M | 0.02% |
170,990
-44,453
| -21% | -$10M |
|
268
Option Care Health
OPCH
$3.51B
| $35.2M | 0.02% |
1,268,626
-869,622
| -41% | -$25.2M |
|
269
Construction Partners
ROAD
$5.99B
| $34.9M | 0.02% |
275,075
+7,177
| +3% | +$819K |
|
270
Element Solutions
ESI
$9.39B
| $34.8M | 0.02% |
1,381,018
+46,587
| +3% | +$1.16M |
|
271
Zscaler
ZS
$26.2B
| $34.6M | 0.02% |
115,388
+40,827
| +55% | +$11.6M |
|
272
AppFolio
APPF
$6.86B
| $34.3M | 0.02% |
124,582
+34,411
| +38% | +$9.3M |
|
273
C.H. Robinson
CHRW
$18B
| $34.1M | 0.02% |
+257,538
| New | +$30.2M |
|
274
SiTime
SITM
$16.6B
| $33.8M | 0.02% |
112,245
+15,768
| +16% | +$3.66M |
|
|
WAY
275
Waystar Holding Corp
WAY
$4.47B
| $33.8M | 0.02% |
890,860
+41,183
| +5% | +$1.53M |
|
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.