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 | |
|---|---|---|---|---|---|---|
26
Spotify
SPOT
$113B
| $2.16B | 1.26% |
3,089,333
-821,455
| -21% | -$574M |
|
27
Snowflake
SNOW
$114B
| $2.05B | 1.19% |
9,083,889
+1,083,222
| +14% | +$233M |
|
28
ServiceNow
NOW
$150B
| $2.04B | 1.19% |
11,093,135
-790,435
| -7% | -$148M |
|
29
Constellation Energy
CEG
$98.1B
| $1.95B | 1.13% |
5,915,539
-41,027
| -0.7% | -$13.2M |
|
30
O'Reilly Automotive
ORLY
$71.6B
| $1.5B | 0.87% |
13,889,043
-227,933
| -2% | -$22.9M |
|
|
31
Vertex Pharmaceuticals
VRTX
$137B
| $1.35B | 0.79% |
3,454,947
-2,696,558
| -44% | -$1.13B |
|
32
Intuitive Surgical
ISRG
$132B
| $1.29B | 0.75% |
2,887,378
-235,012
| -8% | -$113M |
|
33
Hilton Worldwide
HLT
$72.4B
| $1.23B | 0.72% |
4,750,891
+119,172
| +3% | +$32.2M |
|
34
Edwards Lifesciences
EW
$52B
| $1.09B | 0.63% |
13,958,774
+2,287,783
| +20% | +$179M |
|
35
Sea Limited
SE
$73.1B
| $1.07B | 0.62% |
5,987,445
+1,720,845
| +40% | +$295M |
|
36
Uber
UBER
$161B
| $1.06B | 0.62% |
10,840,903
-6,885,566
| -39% | -$644M |
|
37
Nike
NKE
$58.7B
| $826M | 0.48% |
11,838,528
+3,518,666
| +42% | +$262M |
|
38
Goldman Sachs
GS
$301B
| $765M | 0.45% |
960,688
+9,980
| +1% | +$7.4M |
|
39
Datadog
DDOG
$85.1B
| $756M | 0.44% |
5,306,999
-238,011
| -4% | -$32.8M |
|
40
DexCom
DXCM
$34.3B
| $679M | 0.4% |
10,090,374
-1,427,172
| -12% | -$113M |
|
|
AXON
41
Axon Enterprise
AXON
$48.8B
| $677M | 0.39% |
943,944
+330,213
| +54% | +$251M |
|
42
Advanced Micro Devices
AMD
$760B
| $627M | 0.36% |
+3,874,319
| New | +$625M |
|
43
Toast
TOST
$20.3B
| $548M | 0.32% |
15,000,561
+6,398,674
| +74% | +$278M |
|
44
Boston Scientific
BSX
$67.9B
| $482M | 0.28% |
4,938,746
+2,823,744
| +134% | +$292M |
|
45
JPMorgan Chase
JPM
$951B
| $466M | 0.27% |
1,477,091
-56,697
| -4% | -$16.9M |
|
46
NiSource
NI
$19.5B
| $413M | 0.24% |
9,527,596
-2,207,194
| -19% | -$91.4M |
|
47
LPL Financial
LPLA
$29.2B
| $368M | 0.21% |
1,104,950
-297,800
| -21% | -$108M |
|
48
NextEra Energy
NEE
$171B
| $364M | 0.21% |
4,822,672
-118,577
| -2% | -$8.66M |
|
49
Cheniere Energy
LNG
$58.3B
| $348M | 0.2% |
1,480,581
-182,454
| -11% | -$42.9M |
|
50
Nu Holdings
NU
$69.1B
| $345M | 0.2% |
21,561,147
-20,401,532
| -49% | -$285M |
|
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.