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 | |
|---|---|---|---|---|---|---|
376
Apogee Therapeutics
APGE
$10.2B
| $11M | 0.01% |
293,757
-18,634
| -6% | -$720K |
|
377
California Resources
CRC
$4.66B
| $10.7M | 0.01% |
242,343
+27,907
| +13% | +$1.32M |
|
378
Inspire Medical Systems
INSP
$1.73B
| $10.6M | 0.01% |
66,602
+19,016
| +40% | +$3.44M |
|
379
Wolverine World Wide
WWW
$1.57B
| $10.3M | 0.01% |
739,359
+147,215
| +25% | +$2.69M |
|
380
Microchip Technology
MCHP
$42.4B
| $10.1M | 0.01% |
208,416
+5,249
| +3% | +$292K |
|
381
nCino
NCNO
$2.08B
| $9.93M | 0.01% |
361,557
-211,535
| -37% | -$6.69M |
|
|
MTSR
382
DELISTED
Metsera Inc
MTSR
| $9.68M | 0.01% |
+355,567
| New | +$10.1M |
|
383
Sanofi
SNY
$104B
| $9.32M | 0.01% |
168,103
-32,135
| -16% | -$1.74M |
|
384
CoStar Group
CSGP
$12B
| $9.28M | 0.01% |
117,183
-236,755
| -67% | -$18M |
|
385
Marcus & Millichap
MMI
$1.2B
| $9.07M | 0.01% |
263,182
-1,253
| -0.5% | -$46.1K |
|
386
Stantec
STN
$8.32B
| $9.04M | 0.01% |
108,992
+5,688
| +6% | +$455K |
|
|
SION
387
Sionna Therapeutics
SION
$2.25B
| $8.99M | 0.01% |
+859,927
| New | +$14.1M |
|
388
IDEAYA Biosciences
IDYA
$3.5B
| $8.63M | 0.01% |
526,688
-447,948
| -46% | -$9.54M |
|
389
MasTec
MTZ
$21.2B
| $8.6M | 0.01% |
73,672
+19,636
| +36% | +$2.65M |
|
390
Alamos Gold
AGI
$12.9B
| $8.44M | 0.01% |
+315,551
| New | +$7.12M |
|
391
Expro Ltd
XPRO
$1.93B
| $8.3M | 0.01% |
835,309
-1,447,209
| -63% | -$17.8M |
|
392
Elanco Animal Health
ELAN
$12.1B
| $8.05M | 0.01% |
766,595
-329,115
| -30% | -$3.72M |
|
393
Concrete Pumping Holdings
BBCP
$486M
| $7.69M | 0.01% |
1,407,713
-315,041
| -18% | -$2.19M |
|
394
Littelfuse
LFUS
$11.8B
| $7.28M | 0.01% |
37,015
-144,076
| -80% | -$33M |
|
395
BCE
BCE
$21.3B
| $7.18M | 0.01% |
312,532
| – | – |
|
396
RadNet
RDNT
$5.31B
| $7.07M | 0.01% |
142,107
+127,557
| +877% | +$7.54M |
|
397
Vale
VALE
$62.9B
| $7.05M | ﹤0.01% |
706,538
+317,150
| +81% | +$3M |
|
|
FL
398
DELISTED
Foot Locker
FL
| $7.05M | ﹤0.01% |
500,073
-140,278
| -22% | -$2.6M |
|
399
Synopsys
SNPS
$77.8B
| $6.48M | ﹤0.01% |
15,100
+1,313
| +10% | +$638K |
|
400
ASML
ASML
$659B
| $6.31M | ﹤0.01% |
9,516
+5,612
| +144% | +$4.08M |
|
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.