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 | |
|---|---|---|---|---|---|---|
476
Enova International
ENVA
$6.56B
| $1.1M | ﹤0.01% |
9,855
+91
| +0.9% | +$8.69K |
|
|
MRC
477
DELISTED
MRC Global
MRC
| $1.06M | ﹤0.01% |
77,316
-22,362
| -22% | -$270K |
|
478
Leonardo DRS
DRS
$11.9B
| $1.06M | ﹤0.01% |
22,748
-12,283
| -35% | -$493K |
|
479
Frontdoor
FTDR
$5.38B
| $1.05M | ﹤0.01% |
17,831
-4,731
| -21% | -$237K |
|
|
OPLN
480
Openlane
OPLN
$4.1B
| $1.05M | ﹤0.01% |
42,903
-15,695
| -27% | -$331K |
|
481
Eaton
ETN
$174B
| $1.04M | ﹤0.01% |
2,904
-3,880
| -57% | -$1.19M |
|
482
Sprouts Farmers Market
SFM
$7.97B
| $1.03M | ﹤0.01% |
6,284
+252
| +4% | +$41.2K |
|
483
Four Corners Property Trust
FCPT
$2.74B
| $993K | ﹤0.01% |
36,912
+18,643
| +102% | +$513K |
|
484
Pultegroup
PHM
$25.4B
| $989K | ﹤0.01% |
9,382
+3
| +0% | +$302 |
|
485
Klaviyo
KVYO
$5.76B
| $985K | ﹤0.01% |
+29,336
| New | +$929K |
|
486
Mid-America Apartment Communities
MAA
$15.6B
| $961K | ﹤0.01% |
6,490
+3,163
| +95% | +$494K |
|
487
Dave & Buster's
PLAY
$358M
| $959K | ﹤0.01% |
31,893
+302
| +1% | +$6.82K |
|
488
TKO Group
TKO
$13.8B
| $950K | ﹤0.01% |
+5,222
| New | +$839K |
|
489
Matsons
MATX
$6.35B
| $945K | ﹤0.01% |
8,485
+1,682
| +25% | +$184K |
|
490
EnerSys
ENS
$7.07B
| $936K | ﹤0.01% |
10,908
+105
| +1% | +$9.15K |
|
491
Reddit
RDDT
$29.7B
| $927K | ﹤0.01% |
6,156
-1,484,585
| -100% | -$168M |
|
492
Avista
AVA
$3.23B
| $927K | ﹤0.01% |
24,424
+7,927
| +48% | +$313K |
|
493
Vanguard Total World Stock ETF
VT
$79.4B
| $926K | ﹤0.01% |
7,206
-19,437
| -73% | -$2.32M |
|
494
Alkermes
ALKS
$8.51B
| $909K | ﹤0.01% |
+31,761
| New | +$945K |
|
495
Okta
OKTA
$25.7B
| $900K | ﹤0.01% |
+8,998
| New | +$961K |
|
496
Primoris Services
PRIM
$4.62B
| $891K | ﹤0.01% |
11,435
+1,959
| +21% | +$133K |
|
497
Sterling Infrastructure
STRL
$16.7B
| $890K | ﹤0.01% |
3,858
-1,945
| -34% | -$340K |
|
498
Fabrinet
FN
$19B
| $887K | ﹤0.01% |
3,011
-1,369
| -31% | -$305K |
|
499
Skywest
SKYW
$4.6B
| $878K | ﹤0.01% |
8,522
+889
| +12% | +$84.5K |
|
500
Ethan Allen Interiors
ETD
$627M
| $874K | ﹤0.01% |
31,390
+289
| +0.9% | +$7.8K |
|
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.