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 | |
|---|---|---|---|---|---|---|
501
IonQ
IONQ
$14.9B
| $738K | ﹤0.01% |
12,005
+597
| +5% | +$28.1K |
|
502
Genius Sports
GENI
$2.23B
| $738K | ﹤0.01% |
+59,576
| New | +$713K |
|
503
Worthington Steel
WS
$1.94B
| $735K | ﹤0.01% |
+24,195
| New | +$772K |
|
504
Itron
ITRI
$4.62B
| $733K | ﹤0.01% |
5,885
| – | – |
|
505
Portillo's
PTLO
$338M
| $723K | ﹤0.01% |
+112,084
| New | +$946K |
|
506
Klaviyo
KVYO
$5.78B
| $711K | ﹤0.01% |
25,666
-3,670
| -13% | -$119K |
|
507
StoneX
SNEX
$9.2B
| $707K | ﹤0.01% |
15,752
-4,194
| -21% | -$178K |
|
508
BrightView Holdings
BV
$988M
| $705K | ﹤0.01% |
+52,585
| New | +$781K |
|
509
Ethan Allen Interiors
ETD
$614M
| $685K | ﹤0.01% |
23,254
-8,136
| -26% | -$240K |
|
510
Herbalife
HLF
$1.31B
| $674K | ﹤0.01% |
79,903
+38,754
| +94% | +$365K |
|
511
Willis Lease Finance
WLFC
$1.56B
| $674K | ﹤0.01% |
+14,754
| New | +$715K |
|
512
Hovnanian Enterprises
HOV
$808M
| $666K | ﹤0.01% |
+5,180
| New | +$691K |
|
513
Denali Therapeutics
DNLI
$3.88B
| $660K | ﹤0.01% |
+45,445
| New | +$653K |
|
514
Hilton Grand Vacations
HGV
$3.66B
| $653K | ﹤0.01% |
+15,630
| New | +$719K |
|
515
Teladoc Health
TDOC
$1.26B
| $652K | ﹤0.01% |
84,302
-68
| -0.1% | -$531 |
|
516
Archer Aviation
ACHR
$3.97B
| $627K | ﹤0.01% |
65,428
+31,258
| +91% | +$309K |
|
517
Integra LifeSciences
IART
$1.38B
| $614K | ﹤0.01% |
+42,841
| New | +$587K |
|
518
Asbury Automotive
ABG
$3.94B
| $613K | ﹤0.01% |
+2,509
| New | +$610K |
|
519
Yelp
YELP
$1.41B
| $599K | ﹤0.01% |
+19,205
| New | +$630K |
|
520
Dutch Bros
BROS
$9.01B
| $593K | ﹤0.01% |
11,321
-327,556
| -97% | -$20.7M |
|
521
Carter's
CRI
$1.47B
| $593K | ﹤0.01% |
+20,997
| New | +$602K |
|
522
Alkermes
ALKS
$8.32B
| $587K | ﹤0.01% |
19,570
-12,191
| -38% | -$344K |
|
523
Installed Building Products
IBP
$6.51B
| $582K | ﹤0.01% |
+2,359
| New | +$560K |
|
524
Hecla Mining
HL
$11.1B
| $581K | ﹤0.01% |
+48,011
| New | +$386K |
|
525
CleanSpark
CLSK
$3.46B
| $579K | ﹤0.01% |
+39,935
| New | +$450K |
|
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.