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 | |
|---|---|---|---|---|---|---|
301
First Bancorp
FBNC
$2.6B
| $25.9M | 0.02% |
587,061
+142,765
| +32% | +$5.78M |
|
|
UMH
302
UMH Properties
UMH
$1.29B
| $25.8M | 0.02% |
1,536,362
+150,718
| +11% | +$2.58M |
|
303
Utz Brands
UTZ
$1.25B
| $25.2M | 0.01% |
2,004,665
+483,906
| +32% | +$6.33M |
|
304
DT Midstream
DTM
$14.1B
| $25.1M | 0.01% |
228,720
+15,306
| +7% | +$1.55M |
|
305
Saia
SAIA
$9.27B
| $25M | 0.01% |
91,400
-17,201
| -16% | -$4.9M |
|
306
TotalEnergies
TTE
$195B
| $25M | 0.01% |
406,834
+72,679
| +22% | +$4.31M |
|
|
CRCL
307
Circle Internet Group
CRCL
$15.6B
| $24.8M | 0.01% |
+136,824
| New | +$22.3M |
|
308
Rockwell Automation
ROK
$53.4B
| $24.1M | 0.01% |
+72,693
| New | +$20.7M |
|
309
Xylem
XYL
$27.3B
| $24.1M | 0.01% |
186,319
-39,396
| -17% | -$4.77M |
|
310
Chewy
CHWY
$9.25B
| $23.5M | 0.01% |
+551,166
| New | +$22M |
|
311
Plains GP Holdings
PAGP
$5.21B
| $23.4M | 0.01% |
1,205,037
-351,811
| -23% | -$6.55M |
|
312
Zscaler
ZS
$24.5B
| $23.4M | 0.01% |
+74,561
| New | +$18.6M |
|
313
Pembina Pipeline
PBA
$28.4B
| $23.4M | 0.01% |
622,096
-1,329
| -0.2% | -$50.2K |
|
314
Dutch Bros
BROS
$9.03B
| $23.2M | 0.01% |
+338,877
| New | +$22.1M |
|
315
Mirion Technologies
MIR
$3.73B
| $23.1M | 0.01% |
1,072,089
+140,222
| +15% | +$2.42M |
|
316
Hess Midstream
HESM
$5.24B
| $23M | 0.01% |
596,632
-2,377
| -0.4% | -$90.5K |
|
317
KE Holdings
BEKE
$18.7B
| $22.9M | 0.01% |
1,290,232
-1,465,184
| -53% | -$28.2M |
|
318
United Rentals
URI
$67.2B
| $22.9M | 0.01% |
+30,355
| New | +$20.3M |
|
319
Twist Bioscience
TWST
$5.7B
| $22.7M | 0.01% |
618,250
+41,469
| +7% | +$1.43M |
|
320
Grid Dynamics Holdings
GDYN
$559M
| $22.7M | 0.01% |
1,966,828
+129,961
| +7% | +$1.71M |
|
321
Western Midstream Partners
WES
$19.2B
| $22.7M | 0.01% |
585,704
-2,334
| -0.4% | -$88.8K |
|
322
Enterprise Products Partners
EPD
$82.3B
| $22.5M | 0.01% |
725,211
-2,889
| -0.4% | -$90K |
|
|
AVDX
323
DELISTED
AvidXchange
AVDX
| $22.1M | 0.01% |
2,260,441
-911,193
| -29% | -$8.21M |
|
324
BWX Technologies
BWXT
$15.5B
| $22M | 0.01% |
152,487
-155,619
| -51% | -$18.2M |
|
325
Xenon Pharmaceuticals
XENE
$6.06B
| $21.8M | 0.01% |
696,383
-80,310
| -10% | -$2.62M |
|
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.