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 | |
|---|---|---|---|---|---|---|
451
Verizon
VZ
$198B
| $1.56M | ﹤0.01% |
36,139
+21,180
| +142% | +$917K |
|
|
NVMI
452
Nova
NVMI
$12.3B
| $1.56M | ﹤0.01% |
+5,667
| New | +$1.15M |
|
453
SITE Centers
SITC
$175M
| $1.56M | ﹤0.01% |
137,492
+9,564
| +7% | +$115K |
|
454
New Jersey Resources
NJR
$5.88B
| $1.53M | ﹤0.01% |
34,065
+3,299
| +11% | +$155K |
|
|
ALEX
455
DELISTED
Alexander & Baldwin
ALEX
| $1.48M | ﹤0.01% |
83,018
+24,557
| +42% | +$427K |
|
456
Oceaneering
OII
$4.86B
| $1.48M | ﹤0.01% |
71,342
+13,879
| +24% | +$268K |
|
457
NETGEAR
NTGR
$654M
| $1.46M | ﹤0.01% |
50,066
+2,132
| +4% | +$57.3K |
|
458
Griffon
GFF
$4.01B
| $1.43M | ﹤0.01% |
19,743
+1,655
| +9% | +$115K |
|
459
Benchmark Electronics
BHE
$2.88B
| $1.41M | ﹤0.01% |
36,429
+346
| +1% | +$12.7K |
|
460
SunCoke Energy
SXC
$683M
| $1.38M | ﹤0.01% |
160,313
+18,519
| +13% | +$161K |
|
461
Comfort Systems
FIX
$61.4B
| $1.36M | ﹤0.01% |
2,535
-140,224
| -98% | -$61.1M |
|
|
TGNA
462
DELISTED
TEGNA Inc
TGNA
| $1.36M | ﹤0.01% |
81,061
+5,085
| +7% | +$84.5K |
|
463
Mueller Industries
MLI
$14.7B
| $1.35M | ﹤0.01% |
33,954
+1,748
| +5% | +$66K |
|
464
Vanguard Morningstar Growth ETF
VUG
$224B
| $1.34M | ﹤0.01% |
18,360
-25,104
| -58% | -$1.65M |
|
465
Trane Technologies
TT
$101B
| $1.32M | ﹤0.01% |
3,016
-274
| -8% | -$108K |
|
466
Bristol-Myers Squibb
BMY
$132B
| $1.31M | ﹤0.01% |
28,247
-5,212,630
| -99% | -$256M |
|
467
ESCO Technologies
ESE
$8.29B
| $1.28M | ﹤0.01% |
6,647
+1,625
| +32% | +$278K |
|
468
Artisan Partners
APAM
$2.9B
| $1.26M | ﹤0.01% |
28,443
-4,930
| -15% | -$197K |
|
469
Sanmina
SANM
$10.1B
| $1.25M | ﹤0.01% |
12,775
-8,686
| -40% | -$718K |
|
470
Burford Capital
BUR
$914M
| $1.24M | ﹤0.01% |
+87,070
| New | +$1.14M |
|
471
Dole
DOLE
$1.35B
| $1.18M | ﹤0.01% |
84,417
+2,398
| +3% | +$34K |
|
472
Evertec
EVTC
$1.94B
| $1.14M | ﹤0.01% |
31,681
+5,628
| +22% | +$199K |
|
473
Mueller Water Products
MWA
$4.04B
| $1.14M | ﹤0.01% |
47,365
+8,478
| +22% | +$210K |
|
474
Adaptive Biotechnologies
ADPT
$3.7B
| $1.12M | ﹤0.01% |
95,772
+403
| +0.4% | +$3.66K |
|
475
Alkami Technology
ALKT
$2B
| $1.11M | ﹤0.01% |
+36,874
| New | +$1.02M |
|
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.