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 | |
|---|---|---|---|---|---|---|
451
New Jersey Resources
NJR
$5.53B
| $1.51M | ﹤0.01% |
+30,766
| New | +$1.46M |
|
452
Itron
ITRI
$4.5B
| $1.46M | ﹤0.01% |
13,972
+509
| +4% | +$53.3K |
|
|
TGNA
453
DELISTED
TEGNA Inc
TGNA
| $1.38M | ﹤0.01% |
75,976
+45,892
| +153% | +$830K |
|
454
Benchmark Electronics
BHE
$2.96B
| $1.37M | ﹤0.01% |
36,083
-1,889
| -5% | -$79.7K |
|
455
Artisan Partners
APAM
$3.06B
| $1.3M | ﹤0.01% |
33,373
-9,386
| -22% | -$398K |
|
456
SunCoke Energy
SXC
$815M
| $1.3M | ﹤0.01% |
141,794
+21,073
| +17% | +$202K |
|
457
Griffon
GFF
$4.88B
| $1.29M | ﹤0.01% |
18,088
+8,841
| +96% | +$652K |
|
458
Digital Realty Trust
DLR
$71.3B
| $1.27M | ﹤0.01% |
8,882
-18,594
| -68% | -$3.02M |
|
459
Neurogene
NGNE
$710M
| $1.27M | ﹤0.01% |
108,084
+35,488
| +49% | +$616K |
|
460
Oceaneering
OII
$4.9B
| $1.25M | ﹤0.01% |
57,463
+12,293
| +27% | +$292K |
|
461
Mueller Industries
MLI
$15.4B
| $1.23M | ﹤0.01% |
32,206
-12,216
| -27% | -$488K |
|
462
Dole
DOLE
$1.31B
| $1.19M | ﹤0.01% |
82,019
+43,114
| +111% | +$595K |
|
463
NETGEAR
NTGR
$652M
| $1.17M | ﹤0.01% |
47,934
+14,233
| +42% | +$374K |
|
464
Leonardo DRS
DRS
$12.1B
| $1.15M | ﹤0.01% |
35,031
+2,384
| +7% | +$78.7K |
|
|
MRC
465
DELISTED
MRC Global
MRC
| $1.14M | ﹤0.01% |
99,678
+12,966
| +15% | +$167K |
|
|
OPLN
466
Openlane
OPLN
$4.62B
| $1.13M | ﹤0.01% |
+58,598
| New | +$1.21M |
|
467
Trane Technologies
TT
$105B
| $1.11M | ﹤0.01% |
3,290
| – | – |
|
468
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $1.11M | ﹤0.01% |
2,072
-237
| -10% | -$135K |
|
469
ACI Worldwide
ACIW
$5.61B
| $1.09M | ﹤0.01% |
19,936
+4,928
| +33% | +$261K |
|
470
Perdoceo Education
PRDO
$2.03B
| $1.07M | ﹤0.01% |
42,548
-9,125
| -18% | -$242K |
|
471
California Water Service
CWT
$3.06B
| $1.07M | ﹤0.01% |
22,007
-5,602
| -20% | -$254K |
|
472
iShares North American Natural Resources ETF
IGE
$753M
| $1.07M | ﹤0.01% |
23,453
-59,146
| -72% | -$2.64M |
|
473
Nextpower Inc
NXT
$14.9B
| $1.02M | ﹤0.01% |
24,307
-3,364
| -12% | -$150K |
|
474
iShares Global 100 ETF
IOO
$9.19B
| $1.01M | ﹤0.01% |
10,493
-7,255
| -41% | -$733K |
|
|
ALEX
475
DELISTED
Alexander & Baldwin
ALEX
| $1.01M | ﹤0.01% |
58,461
+17,284
| +42% | +$305K |
|
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.