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 | |
|---|---|---|---|---|---|---|
|
LGF.B
501
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $812K | ﹤0.01% |
102,510
-4,484
| -4% | -$35.9K |
|
502
ESCO Technologies
ESE
$8.49B
| $799K | ﹤0.01% |
+5,022
| New | +$752K |
|
503
Cinemark Holdings
CNK
$4.38B
| $789K | ﹤0.01% |
+31,714
| New | +$883K |
|
504
Stride
LRN
$3.51B
| $789K | ﹤0.01% |
+6,238
| New | +$788K |
|
505
Rocket Lab Corp
RKLB
$46.7B
| $779K | ﹤0.01% |
43,595
+315
| +0.7% | +$7.55K |
|
506
Boise Cascade
BCC
$2.98B
| $766K | ﹤0.01% |
7,811
-3,408
| -30% | -$386K |
|
507
Brookfield Infrastructure
BIPC
$4.94B
| $766K | ﹤0.01% |
21,170
+5
| +0% | +$197 |
|
508
Rocket Pharmaceuticals
RCKT
$382M
| $764K | ﹤0.01% |
114,580
+44,276
| +63% | +$437K |
|
509
Marriott International
MAR
$94.2B
| $760K | ﹤0.01% |
3,191
-2,158,274
| -100% | -$587M |
|
510
StoneX
SNEX
$9.2B
| $757K | ﹤0.01% |
+22,300
| New | +$748K |
|
511
Teladoc Health
TDOC
$1.26B
| $730K | ﹤0.01% |
91,700
-35,318
| -28% | -$357K |
|
512
Adaptive Biotechnologies
ADPT
$3.91B
| $709K | ﹤0.01% |
95,369
-82,489
| -46% | -$634K |
|
513
Halozyme
HALO
$9.91B
| $707K | ﹤0.01% |
11,085
-4,206
| -28% | -$244K |
|
|
SCS
514
DELISTED
Steelcase
SCS
| $706K | ﹤0.01% |
64,458
-2,986
| -4% | -$34.4K |
|
|
RWT
515
Redwood Trust
RWT
$574M
| $694K | ﹤0.01% |
114,282
+36,489
| +47% | +$234K |
|
516
Avista
AVA
$3.25B
| $691K | ﹤0.01% |
+16,497
| New | +$626K |
|
517
Hamilton Lane
HLNE
$5.56B
| $690K | ﹤0.01% |
4,641
-1,167
| -20% | -$178K |
|
518
Embecta
EMBC
$212M
| $682K | ﹤0.01% |
53,525
+14,513
| +37% | +$232K |
|
519
Verizon
VZ
$193B
| $679K | ﹤0.01% |
14,959
-719,578
| -98% | -$30M |
|
520
Skywest
SKYW
$4.6B
| $667K | ﹤0.01% |
+7,633
| New | +$781K |
|
521
Minerals Technologies
MTX
$2.4B
| $662K | ﹤0.01% |
+10,411
| New | +$743K |
|
522
Sterling Infrastructure
STRL
$16.4B
| $657K | ﹤0.01% |
5,803
+386
| +7% | +$54.3K |
|
523
Upwork
UPWK
$1.18B
| $656K | ﹤0.01% |
+50,252
| New | +$766K |
|
|
SWTX
524
DELISTED
SpringWorks Therapeutics
SWTX
| $652K | ﹤0.01% |
+14,782
| New | +$680K |
|
|
AHRT
525
AH Realty Trust
AHRT
$527M
| $647K | ﹤0.01% |
+86,117
| New | +$782K |
|
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.