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 | |
|---|---|---|---|---|---|---|
301
Riskified
RSKD
$689M
| $26.3M | 0.02% |
5,697,323
-4,085
| -0.1% | -$20.6K |
|
302
Xenon Pharmaceuticals
XENE
$6.25B
| $26.1M | 0.02% |
776,693
-24,860
| -3% | -$944K |
|
303
Diamondback Energy
FANG
$52.6B
| $25.9M | 0.02% |
162,263
-23,690
| -13% | -$3.82M |
|
|
UMH
304
UMH Properties
UMH
$1.3B
| $25.9M | 0.02% |
1,385,644
-76,941
| -5% | -$1.4M |
|
305
Zai Lab
ZLAB
$2.33B
| $25.7M | 0.02% |
+712,300
| New | +$21.9M |
|
306
Southern Copper
SCCO
$163B
| $25.7M | 0.02% |
+288,585
| New | +$25.9M |
|
307
Hess Midstream
HESM
$5.14B
| $25.3M | 0.02% |
599,009
+11,513
| +2% | +$470K |
|
|
TLN
308
Talen Energy Corp
TLN
$16.3B
| $25.2M | 0.02% |
126,227
-241,150
| -66% | -$52.3M |
|
309
Credo Technology Group
CRDO
$43.9B
| $25.1M | 0.02% |
623,803
-312,154
| -33% | -$19.4M |
|
310
Cameco
CCJ
$41.9B
| $25M | 0.02% |
607,951
-203,161
| -25% | -$9.56M |
|
311
Pembina Pipeline
PBA
$27.7B
| $24.9M | 0.02% |
623,425
+6,433
| +1% | +$241K |
|
312
Enterprise Products Partners
EPD
$81.7B
| $24.9M | 0.02% |
728,100
+87,398
| +14% | +$2.91M |
|
313
Watsco Inc
WSO
$13.7B
| $24.8M | 0.02% |
48,877
-29,463
| -38% | -$14.5M |
|
|
SOBO
314
South Bow Corp
SOBO
$7.38B
| $24.8M | 0.02% |
969,432
+292,464
| +43% | +$7.32M |
|
315
Stevanato
STVN
$5.44B
| $24.3M | 0.02% |
1,188,057
+259,231
| +28% | +$5.52M |
|
316
Monolithic Power Systems
MPWR
$68.3B
| $24.1M | 0.02% |
41,639
+3,628
| +10% | +$2.29M |
|
317
Western Midstream Partners
WES
$19.4B
| $24.1M | 0.02% |
588,038
-89,167
| -13% | -$3.63M |
|
318
Service Corp International
SCI
$11.5B
| $23.9M | 0.02% |
297,404
+287,996
| +3,061% | +$22.7M |
|
319
Cactus
WHD
$5.44B
| $23.3M | 0.02% |
508,444
-61,305
| -11% | -$3.4M |
|
320
Impinj
PI
$5.06B
| $23M | 0.02% |
253,897
+32,109
| +14% | +$3.6M |
|
321
Procore
PCOR
$8.31B
| $22.9M | 0.02% |
346,594
+713
| +0.2% | +$53.8K |
|
322
Illumina
ILMN
$28.5B
| $22.9M | 0.02% |
288,178
-765
| -0.3% | -$82.8K |
|
323
Coherent
COHR
$68.1B
| $22.8M | 0.02% |
351,556
+40,700
| +13% | +$3.37M |
|
324
Twist Bioscience
TWST
$6.97B
| $22.6M | 0.02% |
576,781
-103,997
| -15% | -$4.68M |
|
325
Teledyne Technologies
TDY
$32.2B
| $22.4M | 0.02% |
45,053
+3,448
| +8% | +$1.71M |
|
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.