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 | |
|---|---|---|---|---|---|---|
|
CON
351
Concentra Group Holdings
CON
$3.93B
| $14.5M | 0.01% |
+692,367
| New | +$14.8M |
|
352
Mineralys Therapeutics
MLYS
$2.38B
| $14.3M | 0.01% |
376,346
-858,976
| -70% | -$18.6M |
|
|
BRCB
353
Black Rock Coffee Bar Inc
BRCB
$169M
| $13.9M | 0.01% |
+582,727
| New | +$15.2M |
|
354
Progressive
PGR
$125B
| $13.9M | 0.01% |
56,133
-3,170,427
| -98% | -$782M |
|
355
ConocoPhillips
COP
$142B
| $13.5M | 0.01% |
+142,461
| New | +$13.5M |
|
356
Cogent Communications
CCOI
$626M
| $13.1M | 0.01% |
342,316
+18,805
| +6% | +$785K |
|
357
iShares Russell 1000 Growth ETF
IWF
$127B
| $12.8M | 0.01% |
108,984
+24,884
| +30% | +$2.77M |
|
|
STUB
358
StubHub Holdings
STUB
$3.41B
| $12.7M | 0.01% |
+752,788
| New | +$13.8M |
|
|
CFLT
359
DELISTED
Confluent
CFLT
| $12.6M | 0.01% |
634,133
+18,103
| +3% | +$379K |
|
360
First Solar
FSLR
$26.9B
| $12.2M | 0.01% |
55,376
+7,873
| +17% | +$1.51M |
|
361
Freshpet
FRPT
$3.34B
| $11.8M | 0.01% |
214,563
+1,124
| +0.5% | +$69.6K |
|
362
Horizon Bancorp
HBNC
$1.05B
| $11.7M | 0.01% |
+732,590
| New | +$11.7M |
|
|
LBRX
363
LB Pharmaceuticals
LBRX
$1.34B
| $11.7M | 0.01% |
+739,040
| New | +$11.7M |
|
|
TTAN
364
ServiceTitan Inc
TTAN
$8.09B
| $11.5M | 0.01% |
114,387
-230
| -0.2% | -$25.2K |
|
365
Vale
VALE
$62.9B
| $11.2M | 0.01% |
1,034,754
+271,063
| +35% | +$2.77M |
|
366
Saia
SAIA
$9.65B
| $11.1M | 0.01% |
37,034
-54,366
| -59% | -$16.4M |
|
|
PCG.PRX
367
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.36B
| $11M | 0.01% |
279,165
| – | – |
|
368
Palo Alto Networks
PANW
$290B
| $10.8M | 0.01% |
52,918
+13,177
| +33% | +$2.52M |
|
369
Concrete Pumping Holdings
BBCP
$485M
| $10.8M | 0.01% |
1,525,812
+15,077
| +1% | +$105K |
|
370
First Advantage
FA
$3.89B
| $9.94M | 0.01% |
646,086
+59,221
| +10% | +$981K |
|
371
CoStar Group
CSGP
$12B
| $9.9M | 0.01% |
117,295
-858
| -0.7% | -$75.8K |
|
372
Ivanhoe Electric
IE
$1.71B
| $9.87M | 0.01% |
786,567
+95,089
| +14% | +$940K |
|
|
FLY
373
Firefly Aerospace
FLY
$3.88B
| $9.86M | 0.01% |
+336,333
| New | +$15.1M |
|
374
West Pharmaceutical
WST
$24.4B
| $9.77M | 0.01% |
+37,230
| New | +$9.05M |
|
375
Diamondback Energy
FANG
$52.9B
| $9.51M | 0.01% |
66,456
-32,728
| -33% | -$4.66M |
|
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.