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 | |
|---|---|---|---|---|---|---|
|
BBNX
501
Beta Bionics
BBNX
$577M
| $862K | ﹤0.01% |
59,185
-8,426
| -12% | -$119K |
|
502
EXL Service
EXLS
$5.14B
| $853K | ﹤0.01% |
19,477
+288
| +2% | +$13.2K |
|
|
RPC
503
Ridgepost Capital
RPC
$949M
| $851K | ﹤0.01% |
83,241
+4,804
| +6% | +$51.5K |
|
504
BBB Foods
TBBB
$4.98B
| $847K | ﹤0.01% |
+30,514
| New | +$859K |
|
505
Outfront Media
OUT
$5.61B
| $846K | ﹤0.01% |
51,836
+492
| +1% | +$7.69K |
|
506
Kura Oncology
KURA
$800M
| $823K | ﹤0.01% |
142,662
+4,130
| +3% | +$25.3K |
|
507
Century Aluminum
CENX
$4.43B
| $814K | ﹤0.01% |
45,172
-1,887
| -4% | -$32K |
|
508
Planet Labs
PL
$7.3B
| $809K | ﹤0.01% |
132,662
-7,706
| -5% | -$31.5K |
|
509
StoneX
SNEX
$9.26B
| $808K | ﹤0.01% |
19,946
-2,354
| -11% | -$88.5K |
|
|
KW
510
DELISTED
Kennedy-Wilson Holdings
KW
| $806K | ﹤0.01% |
118,510
+2,999
| +3% | +$20K |
|
511
Rocket Lab Corp
RKLB
$40.6B
| $788K | ﹤0.01% |
22,041
-21,554
| -49% | -$528K |
|
512
ACI Worldwide
ACIW
$5.83B
| $786K | ﹤0.01% |
17,123
-2,813
| -14% | -$138K |
|
513
Itron
ITRI
$4.36B
| $775K | ﹤0.01% |
5,885
-8,087
| -58% | -$915K |
|
514
Vanguard FTSE Developed Markets ETF
VEA
$229B
| $757K | ﹤0.01% |
+13,274
| New | +$711K |
|
|
CWAN
515
DELISTED
Clearwater Analytics
CWAN
| $751K | ﹤0.01% |
+34,261
| New | +$788K |
|
516
GitLab
GTLB
$5.83B
| $745K | ﹤0.01% |
16,510
+6,602
| +67% | +$302K |
|
517
Upstart Holdings
UPST
$2.63B
| $736K | ﹤0.01% |
11,382
+205
| +2% | +$10.1K |
|
518
Teladoc Health
TDOC
$1.22B
| $735K | ﹤0.01% |
84,370
-7,330
| -8% | -$53.1K |
|
|
SCS
519
DELISTED
Steelcase
SCS
| $722K | ﹤0.01% |
69,257
+4,799
| +7% | +$49.4K |
|
|
DEA
520
Easterly Government Properties
DEA
$1.13B
| $714K | ﹤0.01% |
+32,177
| New | +$702K |
|
521
Upwork
UPWK
$1.13B
| $712K | ﹤0.01% |
52,974
+2,722
| +5% | +$39.1K |
|
522
Boise Cascade
BCC
$2.69B
| $685K | ﹤0.01% |
7,888
+77
| +1% | +$6.98K |
|
523
Enact Holdings
ACT
$6.61B
| $677K | ﹤0.01% |
18,216
+1,879
| +12% | +$66.7K |
|
524
DXP Enterprises
DXPE
$2.43B
| $677K | ﹤0.01% |
7,719
+74
| +1% | +$6.16K |
|
525
Brookfield Infrastructure
BIPC
$5.2B
| $667K | ﹤0.01% |
16,037
-5,133
| -24% | -$198K |
|
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.