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 | |
|---|---|---|---|---|---|---|
326
Five Below
FIVE
$12B
| $21.6M | 0.01% |
164,739
-51,441
| -24% | -$5.01M |
|
327
Corteva
CTVA
$52.6B
| $21.5M | 0.01% |
288,881
+12,102
| +4% | +$806K |
|
328
Veeva Systems
VEEV
$33.1B
| $21.5M | 0.01% |
+74,505
| New | +$18.5M |
|
329
Oneok
OKE
$57.2B
| $21.4M | 0.01% |
262,331
-22,070
| -8% | -$1.84M |
|
330
Prestige Consumer Healthcare
PBH
$2.38B
| $21.4M | 0.01% |
267,943
+16,153
| +6% | +$1.35M |
|
331
Alamos Gold
AGI
$11.6B
| $21M | 0.01% |
790,525
+474,974
| +151% | +$12.7M |
|
332
AppFolio
APPF
$6.38B
| $20.8M | 0.01% |
90,171
+28,986
| +47% | +$6.32M |
|
333
Flywire
FLYW
$1.98B
| $20.7M | 0.01% |
1,772,180
-1,451,457
| -45% | -$14.8M |
|
334
Zai Lab
ZLAB
$2.06B
| $20.7M | 0.01% |
592,332
-119,968
| -17% | -$3.94M |
|
335
SiTime
SITM
$16B
| $20.6M | 0.01% |
96,477
-92,222
| -49% | -$16.7M |
|
336
Antero Midstream
AM
$10.4B
| $20.5M | 0.01% |
1,082,266
+1,284
| +0.1% | +$22.9K |
|
337
Atlantic Union Bankshares
AUB
$6.02B
| $20.3M | 0.01% |
649,391
+38,333
| +6% | +$1.11M |
|
338
Fortive
FTV
$17.9B
| $20.2M | 0.01% |
386,836
-103,683
| -21% | -$5.43M |
|
339
Teledyne Technologies
TDY
$30.4B
| $19.6M | 0.01% |
38,254
-6,799
| -15% | -$3.28M |
|
340
Wolverine World Wide
WWW
$1.61B
| $19.6M | 0.01% |
1,083,962
+344,603
| +47% | +$5.25M |
|
341
Illumina
ILMN
$31B
| $19.1M | 0.01% |
200,207
-87,971
| -31% | -$7.14M |
|
342
Celsius Holdings
CELH
$7.47B
| $18.8M | 0.01% |
+404,569
| New | +$15.6M |
|
343
Vertex
VERX
$2.09B
| $18.5M | 0.01% |
524,707
+107,470
| +26% | +$4.09M |
|
344
American Tower
AMT
$80.8B
| $18.5M | 0.01% |
83,801
+31,107
| +59% | +$6.72M |
|
345
Coherent
COHR
$51.4B
| $18.2M | 0.01% |
204,253
-147,303
| -42% | -$10.6M |
|
346
PENN Entertainment
PENN
$2.75B
| $17M | 0.01% |
951,554
+59,361
| +7% | +$931K |
|
347
Cooper Companies
COO
$14.1B
| $16.9M | 0.01% |
238,094
-142,450
| -37% | -$10.9M |
|
348
Mineralys Therapeutics
MLYS
$2.25B
| $16.7M | 0.01% |
1,235,322
-743,711
| -38% | -$10.8M |
|
349
Watsco Inc
WSO
$12.7B
| $16.2M | 0.01% |
36,771
-12,106
| -25% | -$5.62M |
|
350
Hexcel
HXL
$7.79B
| $16.1M | 0.01% |
284,271
-107,820
| -27% | -$5.7M |
|
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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.