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 | |
|---|---|---|---|---|---|---|
376
CoStar Group
CSGP
$12B
| $9.5M | 0.01% |
118,153
+970
| +0.8% | +$75.6K |
|
377
Concrete Pumping Holdings
BBCP
$499M
| $9.29M | 0.01% |
1,510,735
+103,022
| +7% | +$653K |
|
378
Cabaletta Bio
CABA
$439M
| $9.15M | 0.01% |
6,020,167
+3,586,439
| +147% | +$5.59M |
|
379
Freeport-McMoran
FCX
$90.8B
| $9.11M | 0.01% |
+210,097
| New | +$7.98M |
|
380
Kinetik
KNTK
$3.69B
| $8.95M | 0.01% |
203,134
-14,061
| -6% | -$617K |
|
381
Sanofi
SNY
$103B
| $8.93M | 0.01% |
184,873
+16,770
| +10% | +$857K |
|
382
iShares Russell 1000 Growth ETF
IWF
$123B
| $8.93M | 0.01% |
84,100
-304,884
| -78% | -$29.2M |
|
383
Pool Corp
POOL
$6.98B
| $8.9M | 0.01% |
30,539
-8,716
| -22% | -$2.64M |
|
|
MTSR
384
DELISTED
Metsera Inc
MTSR
| $8.88M | 0.01% |
312,290
-43,277
| -12% | -$1.07M |
|
385
Synopsys
SNPS
$74.6B
| $8.82M | 0.01% |
17,205
+2,105
| +14% | +$981K |
|
386
Marcus & Millichap
MMI
$1.16B
| $8.68M | 0.01% |
282,533
+19,351
| +7% | +$587K |
|
387
Valero Energy
VLO
$90.3B
| $8.46M | 0.01% |
62,939
-47,163
| -43% | -$5.88M |
|
388
Home Depot
HD
$333B
| $8.38M | 0.01% |
22,865
-360,465
| -94% | -$130M |
|
389
Palo Alto Networks
PANW
$275B
| $8.13M | ﹤0.01% |
39,741
+9,825
| +33% | +$1.82M |
|
390
First Solar
FSLR
$25.6B
| $7.86M | ﹤0.01% |
47,503
-2,253
| -5% | -$333K |
|
391
The Mosaic Company
MOS
$6.95B
| $7.84M | ﹤0.01% |
+215,008
| New | +$6.89M |
|
392
Coca-Cola
KO
$374B
| $7.77M | ﹤0.01% |
109,854
+37,973
| +53% | +$2.7M |
|
393
Adecoagro
AGRO
$1.41B
| $7.75M | ﹤0.01% |
847,914
-3,398,924
| -80% | -$33.1M |
|
394
Canadian National Railway
CNI
$76.5B
| $7.73M | ﹤0.01% |
74,289
-68,924
| -48% | -$7.01M |
|
|
CAI
395
Caris Life Sciences
CAI
$4.66B
| $7.66M | ﹤0.01% |
+286,624
| New | +$7.72M |
|
396
Vale
VALE
$62.1B
| $7.42M | ﹤0.01% |
763,691
+57,153
| +8% | +$538K |
|
397
iShares MSCI ACWI ETF
ACWI
$32.7B
| $7.32M | ﹤0.01% |
56,957
-733,243
| -93% | -$87.9M |
|
398
Veracyte
VCYT
$3.68B
| $7.19M | ﹤0.01% |
265,873
-734,486
| -73% | -$21.3M |
|
399
BCE
BCE
$20.3B
| $7.15M | ﹤0.01% |
322,075
+9,543
| +3% | +$209K |
|
|
GTLS
400
DELISTED
Chart Industries
GTLS
| $6.92M | ﹤0.01% |
42,044
-63,439
| -60% | -$9.32M |
|
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.