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 | |
|---|---|---|---|---|---|---|
451
Archrock
AROC
$5.95B
| $1.27M | ﹤0.01% |
48,281
-21,170
| -30% | -$510K |
|
452
Sanmina
SANM
$10.7B
| $1.25M | ﹤0.01% |
10,900
-1,875
| -15% | -$211K |
|
453
Pultegroup
PHM
$25.3B
| $1.24M | ﹤0.01% |
9,411
+29
| +0.3% | +$3.6K |
|
454
ArcBest
ARCB
$3.17B
| $1.24M | ﹤0.01% |
+17,711
| New | +$1.33M |
|
455
Zillow
ZG
$8.44B
| $1.16M | ﹤0.01% |
+15,556
| New | +$1.22M |
|
456
SunCoke Energy
SXC
$816M
| $1.15M | ﹤0.01% |
140,650
-19,663
| -12% | -$157K |
|
457
DigitalOcean
DOCN
$14.6B
| $1.13M | ﹤0.01% |
33,028
+17,102
| +107% | +$542K |
|
458
Skywest
SKYW
$4.5B
| $1.12M | ﹤0.01% |
11,132
+2,610
| +31% | +$292K |
|
|
EFC
459
Ellington Financial
EFC
$1.67B
| $1.1M | ﹤0.01% |
+84,466
| New | +$1.12M |
|
460
Eaton
ETN
$174B
| $1.09M | ﹤0.01% |
2,904
| – | – |
|
461
Liberty Energy
LBRT
$3.17B
| $1.04M | ﹤0.01% |
+84,600
| New | +$978K |
|
462
Burford Capital
BUR
$935M
| $1.02M | ﹤0.01% |
85,659
-1,411
| -2% | -$18.9K |
|
|
GTLS
463
DELISTED
Chart Industries
GTLS
| $1.02M | ﹤0.01% |
5,085
-36,959
| -88% | -$7.02M |
|
|
XHR
464
Xenia Hotels & Resorts
XHR
$1.89B
| $1,000K | ﹤0.01% |
+72,854
| New | +$990K |
|
465
Bristol-Myers Squibb
BMY
$130B
| $980K | ﹤0.01% |
21,733
-6,514
| -23% | -$304K |
|
466
California Resources
CRC
$4.56B
| $966K | ﹤0.01% |
+18,174
| New | +$911K |
|
|
NPKI
467
NPK International
NPKI
$1.15B
| $961K | ﹤0.01% |
+85,001
| New | +$828K |
|
468
HNI Corp
HNI
$3.51B
| $961K | ﹤0.01% |
+20,507
| New | +$971K |
|
469
LGI Homes
LGIH
$1.43B
| $944K | ﹤0.01% |
+18,262
| New | +$1.06M |
|
470
CONMED
CNMD
$1.48B
| $939K | ﹤0.01% |
+19,960
| New | +$1.03M |
|
471
Loar Holdings
LOAR
$7.08B
| $915K | ﹤0.01% |
11,437
-564,115
| -98% | -$42.4M |
|
|
OKLO
472
Oklo
OKLO
$7.48B
| $912K | ﹤0.01% |
+8,173
| New | +$640K |
|
473
Mid-America Apartment Communities
MAA
$15.6B
| $907K | ﹤0.01% |
6,490
| – | – |
|
474
Sterling Infrastructure
STRL
$16.4B
| $897K | ﹤0.01% |
2,641
-1,217
| -32% | -$345K |
|
475
Embecta
EMBC
$227M
| $892K | ﹤0.01% |
63,194
+8,001
| +14% | +$101K |
|
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.