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 | |
|---|---|---|---|---|---|---|
326
Hasbro
HAS
$12.9B
| $22.1M | 0.02% |
358,709
-42,109
| -11% | -$2.55M |
|
327
Prestige Consumer Healthcare
PBH
$2.51B
| $21.6M | 0.02% |
251,790
-41,798
| -14% | -$3.43M |
|
328
TotalEnergies
TTE
$190B
| $21.6M | 0.02% |
334,155
+60,710
| +22% | +$3.66M |
|
329
Hexcel
HXL
$8.07B
| $21.5M | 0.02% |
392,091
+388,483
| +10,767% | +$24.3M |
|
|
WAY
330
Waystar Holding Corp
WAY
$4.47B
| $21.4M | 0.02% |
573,775
-207,933
| -27% | -$8.23M |
|
331
Utz Brands
UTZ
$2.03B
| $21.4M | 0.02% |
1,520,759
+22,364
| +1% | +$308K |
|
332
SharkNinja
SN
$26.3B
| $21.3M | 0.02% |
+255,795
| New | +$26M |
|
333
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $21.2M | 0.01% |
484,478
-595,903
| -55% | -$25.6M |
|
334
Hudbay
HBM
$11.8B
| $20.7M | 0.01% |
2,733,702
-572,574
| -17% | -$4.66M |
|
335
Varonis Systems
VRNS
$4.92B
| $20.7M | 0.01% |
511,488
-111,993
| -18% | -$4.82M |
|
336
DT Midstream
DTM
$13.6B
| $20.6M | 0.01% |
213,414
-18,803
| -8% | -$1.88M |
|
337
Regal Rexnord
RRX
$12.5B
| $20.6M | 0.01% |
180,607
+4,905
| +3% | +$681K |
|
338
SAP
SAP
$227B
| $20.1M | 0.01% |
75,024
-116,663
| -61% | -$31.8M |
|
339
e.l.f. Beauty
ELF
$5.5B
| $19.8M | 0.01% |
314,768
-301,031
| -49% | -$26.2M |
|
340
Antero Midstream
AM
$10.1B
| $19.5M | 0.01% |
1,080,982
+49,456
| +5% | +$819K |
|
341
AtriCure
ATRC
$2.02B
| $19.1M | 0.01% |
+593,270
| New | +$22M |
|
342
Atlantic Union Bankshares
AUB
$6.15B
| $19M | 0.01% |
611,058
+364
| +0.1% | +$12.9K |
|
343
JB Hunt Transport Services
JBHT
$25.3B
| $18.4M | 0.01% |
124,217
-57,333
| -32% | -$9.44M |
|
344
Cogent Communications
CCOI
$621M
| $18.3M | 0.01% |
299,016
-9,544
| -3% | -$704K |
|
345
First Bancorp
FBNC
$2.69B
| $17.8M | 0.01% |
444,296
-2,061
| -0.5% | -$87K |
|
346
Capri Holdings
CPRI
$1.8B
| $17.6M | 0.01% |
+889,964
| New | +$19.7M |
|
347
Corteva
CTVA
$51.4B
| $17.4M | 0.01% |
276,779
+32,371
| +13% | +$2M |
|
348
Five Below
FIVE
$12.7B
| $16.2M | 0.01% |
216,180
+47,016
| +28% | +$4.13M |
|
349
monday.com
MNDY
$3.69B
| $16M | 0.01% |
65,788
-765,023
| -92% | -$202M |
|
350
Similarweb
SMWB
$631M
| $15.6M | 0.01% |
1,892,110
+53,055
| +3% | +$654K |
|
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.