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 | |
|---|---|---|---|---|---|---|
401
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $5.16M | ﹤0.01% |
115,588
-27,104
| -19% | -$1.19M |
|
402
Air Products & Chemicals
APD
$65.7B
| $5.14M | ﹤0.01% |
18,831
| – | – |
|
403
Home Depot
HD
$352B
| $4.88M | ﹤0.01% |
12,035
-10,830
| -47% | -$4.26M |
|
|
404
Trade Desk
TTD
$8.9B
| $4.73M | ﹤0.01% |
96,592
-14,170,865
| -99% | -$899M |
|
405
Nextpower Inc
NXT
$15.1B
| $4.73M | ﹤0.01% |
63,861
+54,583
| +588% | +$3.52M |
|
406
Centrus Energy
LEU
$3.69B
| $4.59M | ﹤0.01% |
+14,818
| New | +$3.28M |
|
|
KMTS
407
Kestra Medical Technologies
KMTS
$1.47B
| $4.53M | ﹤0.01% |
190,782
+56,510
| +42% | +$1.01M |
|
408
iShares MSCI India ETF
INDA
$6.62B
| $4.53M | ﹤0.01% |
87,001
+22,322
| +35% | +$1.19M |
|
409
Lifezone Metals
LZM
$355M
| $4.25M | ﹤0.01% |
775,168
+322,351
| +71% | +$1.48M |
|
410
Hudbay
HBM
$11.5B
| $4.15M | ﹤0.01% |
273,871
-3,007,965
| -92% | -$34.4M |
|
411
Applied Materials
AMAT
$423B
| $4.03M | ﹤0.01% |
19,672
-58
| -0.3% | -$10.5K |
|
412
Darden Restaurants
DRI
$23.9B
| $3.72M | ﹤0.01% |
19,525
-10,130
| -34% | -$2.08M |
|
413
iShares MSCI ACWI ETF
ACWI
$33.3B
| $3.66M | ﹤0.01% |
26,487
-30,470
| -53% | -$4.05M |
|
|
BA.PRA
414
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.47B
| $3.48M | ﹤0.01% |
50,000
| – | – |
|
|
HTFL
415
Heartflow Inc
HTFL
$2.34B
| $3.17M | ﹤0.01% |
+94,121
| New | +$3.03M |
|
|
CAI
416
Caris Life Sciences
CAI
$4.66B
| $2.55M | ﹤0.01% |
84,459
-202,165
| -71% | -$6.45M |
|
417
CSX Corp
CSX
$94.7B
| $2.51M | ﹤0.01% |
+70,817
| New | +$2.42M |
|
418
Norfolk Southern
NSC
$76.7B
| $2.51M | ﹤0.01% |
8,359
-491
| -6% | -$136K |
|
419
New Jersey Resources
NJR
$5.59B
| $2.45M | ﹤0.01% |
50,916
+16,851
| +49% | +$785K |
|
420
CNO Financial Group
CNO
$5.16B
| $2.28M | ﹤0.01% |
57,603
+8,665
| +18% | +$331K |
|
421
Ares Management
ARES
$31.5B
| $2.27M | ﹤0.01% |
14,198
+98
| +0.7% | +$17.7K |
|
422
Citigroup
C
$231B
| $2.21M | ﹤0.01% |
21,749
| – | – |
|
|
WCN
423
Waste Connections
WCN
$41.4B
| $2.16M | ﹤0.01% |
12,273
-1,133
| -8% | -$206K |
|
|
TPH
424
DELISTED
Tri Pointe Homes
TPH
| $2.14M | ﹤0.01% |
63,070
-4,778
| -7% | -$163K |
|
425
Four Corners Property Trust
FCPT
$2.77B
| $2.12M | ﹤0.01% |
86,978
+50,066
| +136% | +$1.29M |
|
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.