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 | |
|---|---|---|---|---|---|---|
|
KW
476
DELISTED
Kennedy-Wilson Holdings
KW
| $1M | ﹤0.01% |
115,511
+15,557
| +16% | +$142K |
|
477
FirstService
FSV
$6.32B
| $992K | ﹤0.01% |
5,981
-31,721
| -84% | -$5.56M |
|
478
EnerSys
ENS
$6.99B
| $989K | ﹤0.01% |
+10,803
| New | +$1.05M |
|
479
Mueller Water Products
MWA
$4.16B
| $989K | ﹤0.01% |
+38,887
| New | +$975K |
|
480
Pultegroup
PHM
$25.3B
| $964K | ﹤0.01% |
9,379
| – | – |
|
481
Evertec
EVTC
$1.78B
| $958K | ﹤0.01% |
+26,053
| New | +$900K |
|
482
Enova International
ENVA
$6.29B
| $943K | ﹤0.01% |
9,764
+845
| +9% | +$87K |
|
483
Archrock
AROC
$5.8B
| $926K | ﹤0.01% |
35,303
+12,667
| +56% | +$342K |
|
|
RPC
484
Ridgepost Capital
RPC
$991M
| $922K | ﹤0.01% |
+78,437
| New | +$997K |
|
485
Sprouts Farmers Market
SFM
$8.01B
| $921K | ﹤0.01% |
+6,032
| New | +$899K |
|
486
Kura Oncology
KURA
$850M
| $914K | ﹤0.01% |
138,532
+67,035
| +94% | +$522K |
|
487
EXL Service
EXLS
$5.29B
| $906K | ﹤0.01% |
+19,189
| New | +$923K |
|
488
Lantheus
LNTH
$6.59B
| $898K | ﹤0.01% |
+9,196
| New | +$860K |
|
489
WIX.com
WIX
$2.52B
| $892K | ﹤0.01% |
5,458
+920
| +20% | +$191K |
|
490
Protagonist Therapeutics
PTGX
$9.44B
| $886K | ﹤0.01% |
+18,317
| New | +$768K |
|
491
Century Aluminum
CENX
$5.07B
| $873K | ﹤0.01% |
47,059
+5,602
| +14% | +$108K |
|
492
Matsons
MATX
$6.18B
| $872K | ﹤0.01% |
+6,803
| New | +$933K |
|
493
Frontdoor
FTDR
$6.26B
| $867K | ﹤0.01% |
22,562
+2,454
| +12% | +$125K |
|
494
Fabrinet
FN
$20.1B
| $865K | ﹤0.01% |
4,380
-1,344
| -23% | -$293K |
|
495
Ethan Allen Interiors
ETD
$603M
| $861K | ﹤0.01% |
31,101
-12,872
| -29% | -$367K |
|
496
Valaris
VAL
$5.47B
| $851K | ﹤0.01% |
21,676
+1,035
| +5% | +$44.4K |
|
497
Outfront Media
OUT
$5.5B
| $829K | ﹤0.01% |
51,344
+627
| +1% | +$11.2K |
|
|
BBNX
498
Beta Bionics
BBNX
$715M
| $828K | ﹤0.01% |
+67,611
| New | +$1.26M |
|
499
Equinix
EQIX
$103B
| $824K | ﹤0.01% |
1,011
-797
| -44% | -$716K |
|
500
Fluor
FLR
$7.96B
| $815K | ﹤0.01% |
+22,747
| New | +$982K |
|
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.