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 | |
|---|---|---|---|---|---|---|
276
BWX Technologies
BWXT
$15.4B
| $30.4M | 0.02% |
308,106
-7,411
| -2% | -$804K |
|
|
EXAS
277
DELISTED
Exact Sciences
EXAS
| $30.2M | 0.02% |
698,688
-64,048
| -8% | -$3.24M |
|
278
Kinder Morgan
KMI
$69.3B
| $30M | 0.02% |
1,051,889
-423,298
| -29% | -$11.7M |
|
279
Veracyte
VCYT
$3.71B
| $29.7M | 0.02% |
1,000,359
+166,605
| +20% | +$6.35M |
|
280
iRhythm Holdings
IRTC
$4.09B
| $29.3M | 0.02% |
+280,187
| New | +$29.7M |
|
281
HEICO Corp
HEI
$51.3B
| $29.1M | 0.02% |
108,804
-93,391
| -46% | -$22.7M |
|
282
Ameris Bancorp
ABCB
$5.97B
| $28.9M | 0.02% |
502,690
+329,196
| +190% | +$20.5M |
|
283
SiTime
SITM
$16.3B
| $28.8M | 0.02% |
188,699
-67,727
| -26% | -$13M |
|
284
Element Solutions
ESI
$9.34B
| $28.8M | 0.02% |
1,274,843
-41,401
| -3% | -$1.06M |
|
285
Grid Dynamics Holdings
GDYN
$600M
| $28.7M | 0.02% |
1,836,867
-376,124
| -17% | -$7.54M |
|
286
Moelis & Co
MC
$5.14B
| $28.3M | 0.02% |
485,238
+398,129
| +457% | +$28.1M |
|
287
Tandem Diabetes Care
TNDM
$1.34B
| $28.3M | 0.02% |
1,477,108
+10,753
| +0.7% | +$315K |
|
288
Oneok
OKE
$55B
| $28.2M | 0.02% |
284,401
-84,415
| -23% | -$8.38M |
|
289
BJs Wholesale Club
BJ
$12.3B
| $28M | 0.02% |
245,663
+143,407
| +140% | +$14.8M |
|
290
Arista Networks
ANET
$248B
| $27.9M | 0.02% |
359,882
-4,272,848
| -92% | -$433M |
|
291
Construction Partners
ROAD
$5.94B
| $27.7M | 0.02% |
384,857
-5,627
| -1% | -$443K |
|
292
Northrop Grumman
NOC
$79.2B
| $27.5M | 0.02% |
+53,784
| New | +$25.7M |
|
293
Lindsay Corp
LNN
$1.17B
| $27.4M | 0.02% |
216,878
+173,872
| +404% | +$22.7M |
|
294
Revvity
RVTY
$12.8B
| $27.3M | 0.02% |
+257,868
| New | +$29.7M |
|
295
Cytokinetics
CYTK
$10.7B
| $27.1M | 0.02% |
+673,932
| New | +$31M |
|
296
Fortive
FTV
$18.5B
| $27.1M | 0.02% |
490,519
-28,955
| -6% | -$1.7M |
|
297
NRG Energy
NRG
$25.5B
| $27M | 0.02% |
+282,815
| New | +$28.6M |
|
298
Xylem
XYL
$28.5B
| $27M | 0.02% |
225,715
-34,671
| -13% | -$4.3M |
|
|
AVDX
299
DELISTED
AvidXchange
AVDX
| $26.9M | 0.02% |
3,171,634
+995,109
| +46% | +$9.2M |
|
300
AvalonBay Communities
AVB
$27.1B
| $26.6M | 0.02% |
124,096
-4,229
| -3% | -$918K |
|
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.