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 | |
|---|---|---|---|---|---|---|
276
GFL Environmental
GFL
$15.2B
| $33.7M | 0.02% |
710,577
-557,077
| -44% | -$27M |
|
277
Samsara
IOT
$21.6B
| $33.2M | 0.02% |
892,263
-5,162,478
| -85% | -$192M |
|
278
Enerpac Tool Group
EPAC
$1.85B
| $33M | 0.02% |
805,525
-365,272
| -31% | -$14.7M |
|
279
Duke Energy
DUK
$96.9B
| $32.9M | 0.02% |
265,842
-147,336
| -36% | -$17.9M |
|
280
Rush Enterprises Class A
RUSHA
$6.29B
| $32.6M | 0.02% |
610,417
-313,430
| -34% | -$17.4M |
|
281
Texas Roadhouse
TXRH
$13.8B
| $32.4M | 0.02% |
194,956
-207,093
| -52% | -$36.5M |
|
282
First Bancorp
FBNC
$2.64B
| $31.9M | 0.02% |
603,079
+16,018
| +3% | +$821K |
|
283
Casella Waste Systems
CWST
$5.85B
| $31.8M | 0.02% |
334,770
-97,269
| -23% | -$9.79M |
|
284
Pinnacle West Capital
PNW
$12.2B
| $31.6M | 0.02% |
352,005
-16,838
| -5% | -$1.52M |
|
285
Varonis Systems
VRNS
$4.73B
| $30.9M | 0.02% |
538,521
-2,681
| -0.5% | -$149K |
|
286
Insulet
PODD
$11.8B
| $30.8M | 0.02% |
99,856
-8,498
| -8% | -$2.66M |
|
287
Kinder Morgan
KMI
$69.9B
| $30.7M | 0.02% |
1,083,058
+110,517
| +11% | +$3.03M |
|
288
i3 Verticals
IIIV
$418M
| $30.5M | 0.02% |
938,875
+778,616
| +486% | +$23.5M |
|
289
Skyward Specialty Insurance
SKWD
$2.47B
| $29.9M | 0.02% |
629,456
-311,457
| -33% | -$15.6M |
|
290
Western Alliance Bancorporation
WAL
$9.04B
| $29.9M | 0.02% |
344,540
-67,814
| -16% | -$5.75M |
|
|
SION
291
Sionna Therapeutics
SION
$2.22B
| $29.3M | 0.02% |
997,375
+244,575
| +32% | +$5.32M |
|
292
Semtech
SMTC
$11.1B
| $28.7M | 0.02% |
+401,179
| New | +$21.8M |
|
293
Tencent Music
TME
$15.8B
| $28.6M | 0.02% |
1,226,599
-681,396
| -36% | -$15.8M |
|
294
GE Vernova
GEV
$271B
| $28.4M | 0.02% |
46,258
-146,241
| -76% | -$88.6M |
|
295
Flutter Entertainment
FLUT
$18.4B
| $28.1M | 0.02% |
+110,679
| New | +$32.4M |
|
|
EFOR
296
Everforth Inc
EFOR
$1.22B
| $28.1M | 0.02% |
593,047
-72,835
| -11% | -$3.72M |
|
297
HEICO Corp
HEI
$50.4B
| $28.1M | 0.02% |
86,986
-8,610
| -9% | -$2.74M |
|
298
BWX Technologies
BWXT
$15.9B
| $28M | 0.02% |
151,723
-764
| -0.5% | -$123K |
|
299
RadNet
RDNT
$5.25B
| $27.5M | 0.02% |
360,204
+108,441
| +43% | +$7.04M |
|
300
Energy Transfer Partners
ET
$70B
| $27.4M | 0.02% |
1,598,741
+162,525
| +11% | +$2.85M |
|
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.