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 | |
|---|---|---|---|---|---|---|
426
NexGen Energy
NXE
$6.31B
| $2.64M | ﹤0.01% |
379,576
-18,012
| -5% | -$102K |
|
427
Marvell Technology
MRVL
$170B
| $2.54M | ﹤0.01% |
32,866
-1,328,713
| -98% | -$82.9M |
|
428
Neurogene
NGNE
$664M
| $2.51M | ﹤0.01% |
167,563
+59,479
| +55% | +$933K |
|
|
WCN
429
Waste Connections
WCN
$42.2B
| $2.5M | ﹤0.01% |
13,406
-799
| -6% | -$154K |
|
430
Ares Management
ARES
$30.4B
| $2.44M | ﹤0.01% |
14,100
+44
| +0.3% | +$6.96K |
|
|
CDTX
431
DELISTED
Cidara Therapeutics
CDTX
| $2.4M | ﹤0.01% |
+49,212
| New | +$1.18M |
|
|
ETNB
432
DELISTED
89bio
ETNB
| $2.3M | ﹤0.01% |
+234,190
| New | +$1.94M |
|
|
TXNM
433
TXNM Energy Inc
TXNM
$6.37B
| $2.27M | ﹤0.01% |
40,253
+28,204
| +234% | +$1.54M |
|
434
Norfolk Southern
NSC
$75.1B
| $2.27M | ﹤0.01% |
8,850
-4,036
| -31% | -$952K |
|
|
KMTS
435
Kestra Medical Technologies
KMTS
$1.4B
| $2.23M | ﹤0.01% |
134,272
+59,272
| +79% | +$1.29M |
|
436
Digital Realty Trust
DLR
$71.2B
| $2.19M | ﹤0.01% |
12,544
+3,662
| +41% | +$599K |
|
|
TPH
437
DELISTED
Tri Pointe Homes
TPH
| $2.17M | ﹤0.01% |
67,848
+5,883
| +9% | +$181K |
|
438
Crown Castle
CCI
$34B
| $2.08M | ﹤0.01% |
20,292
-4,811
| -19% | -$487K |
|
439
COPT Defense Properties
CDP
$4.29B
| $2.06M | ﹤0.01% |
74,831
-1,166
| -2% | -$31.6K |
|
440
Grupo Aeroportuario del Pacifico
PAC
$12.8B
| $2.04M | ﹤0.01% |
+8,903
| New | +$1.9M |
|
441
McGrath RentCorp
MGRC
$2.9B
| $2.04M | ﹤0.01% |
17,577
+167
| +1% | +$18.5K |
|
442
uniQure
QURE
$3.06B
| $1.95M | ﹤0.01% |
+140,060
| New | +$1.88M |
|
443
CNO Financial Group
CNO
$5.26B
| $1.89M | ﹤0.01% |
48,938
+2,920
| +6% | +$111K |
|
444
Wingstop
WING
$3.5B
| $1.88M | ﹤0.01% |
+5,572
| New | +$1.65M |
|
445
Lifezone Metals
LZM
$314M
| $1.87M | ﹤0.01% |
452,817
| – | – |
|
446
Interface
TILE
$2.04B
| $1.86M | ﹤0.01% |
88,693
+707
| +0.8% | +$14K |
|
447
Citigroup
C
$221B
| $1.85M | ﹤0.01% |
21,749
-2,455
| -10% | -$177K |
|
448
Coupang
CPNG
$29.9B
| $1.79M | ﹤0.01% |
+59,660
| New | +$1.53M |
|
449
Duolingo
DUOL
$6.38B
| $1.74M | ﹤0.01% |
4,234
+2,674
| +171% | +$1.17M |
|
450
Archrock
AROC
$6.18B
| $1.72M | ﹤0.01% |
69,451
+34,148
| +97% | +$837K |
|
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.