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 | |
|---|---|---|---|---|---|---|
276
Arista Networks
ANET
$227B
| $32.3M | 0.02% |
315,411
-44,471
| -12% | -$3.85M |
|
277
Western Alliance Bancorporation
WAL
$8.79B
| $32.2M | 0.02% |
412,354
-2,229
| -0.5% | -$160K |
|
278
HEICO Corp
HEI
$49.8B
| $31.4M | 0.02% |
95,596
-13,208
| -12% | -$3.65M |
|
279
Tandem Diabetes Care
TNDM
$1.34B
| $30.9M | 0.02% |
1,658,942
+181,834
| +12% | +$3.6M |
|
280
Element Solutions
ESI
$8.95B
| $30.2M | 0.02% |
1,334,431
+59,588
| +5% | +$1.25M |
|
281
Equinix
EQIX
$101B
| $29.9M | 0.02% |
37,650
+36,639
| +3,624% | +$31.1M |
|
282
Riskified
RSKD
$694M
| $29.4M | 0.02% |
5,886,511
+189,188
| +3% | +$905K |
|
|
BRKL
283
DELISTED
Brookline Bancorp
BRKL
| $28.7M | 0.02% |
2,721,165
-453,629
| -14% | -$4.71M |
|
284
Kinder Morgan
KMI
$71.7B
| $28.6M | 0.02% |
972,541
-79,348
| -8% | -$2.18M |
|
285
Construction Partners
ROAD
$5.84B
| $28.5M | 0.02% |
267,898
-116,959
| -30% | -$10.9M |
|
286
Crescent Energy
CRGY
$3.79B
| $28.3M | 0.02% |
3,288,007
-1,656,031
| -33% | -$14.5M |
|
287
Woodward
WWD
$21.3B
| $28.2M | 0.02% |
+115,091
| New | +$23.5M |
|
288
Cactus
WHD
$5.21B
| $27.7M | 0.02% |
633,002
+124,558
| +24% | +$5.2M |
|
289
Impinj
PI
$4.62B
| $27.7M | 0.02% |
248,994
-4,903
| -2% | -$487K |
|
|
AHL
290
DELISTED
Aspen Insurance
AHL
| $27.5M | 0.02% |
+874,090
| New | +$29.1M |
|
291
Varonis Systems
VRNS
$4.59B
| $27.5M | 0.02% |
541,202
+29,714
| +6% | +$1.35M |
|
292
Targa Resources
TRGP
$58B
| $27.5M | 0.02% |
157,730
-530,072
| -77% | -$89M |
|
293
Southern Copper
SCCO
$143B
| $27.2M | 0.02% |
279,105
-9,480
| -3% | -$834K |
|
294
Century Communities
CCS
$1.91B
| $27.1M | 0.02% |
480,475
+23,073
| +5% | +$1.29M |
|
|
EXAS
295
DELISTED
Exact Sciences
EXAS
| $26.8M | 0.02% |
505,265
-193,423
| -28% | -$9.83M |
|
296
Stevanato
STVN
$5.42B
| $26.5M | 0.02% |
1,085,514
-102,543
| -9% | -$2.32M |
|
297
Hasbro
HAS
$13.2B
| $26.4M | 0.02% |
358,228
-481
| -0.1% | -$30.3K |
|
298
Northern Oil and Gas
NOG
$2.3B
| $26.2M | 0.02% |
924,629
+411,457
| +80% | +$11.1M |
|
299
Trip.com Group
TCOM
$29.6B
| $26.1M | 0.02% |
445,006
-383,759
| -46% | -$23.1M |
|
300
Energy Transfer Partners
ET
$70.1B
| $26M | 0.02% |
1,436,216
-725,348
| -34% | -$12.7M |
|
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.