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 | |
|---|---|---|---|---|---|---|
526
Valaris
VAL
$5.99B
| $657K | ﹤0.01% |
15,604
-6,072
| -28% | -$228K |
|
527
Amneal Pharmaceuticals
AMRX
$6.11B
| $635K | ﹤0.01% |
78,548
+7,122
| +10% | +$53.7K |
|
|
CHX
528
DELISTED
ChampionX
CHX
| $634K | ﹤0.01% |
+25,510
| New | +$642K |
|
529
Commault Systems
CVLT
$5.65B
| $633K | ﹤0.01% |
3,633
+32
| +0.9% | +$5.46K |
|
530
Champion Homes
SKY
$4.9B
| $632K | ﹤0.01% |
10,100
+3,548
| +54% | +$276K |
|
|
NEE.PRR
531
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
| $632K | ﹤0.01% |
15,911
| – | – |
|
532
NMI Holdings
NMIH
$3.37B
| $615K | ﹤0.01% |
+14,581
| New | +$548K |
|
533
Arm
ARM
$255B
| $585K | ﹤0.01% |
3,616
-866
| -19% | -$107K |
|
534
Halozyme
HALO
$12B
| $582K | ﹤0.01% |
11,190
+105
| +0.9% | +$5.97K |
|
535
Waste Management
WM
$87.8B
| $574K | ﹤0.01% |
2,509
-148
| -6% | -$34.3K |
|
536
California Water Service
CWT
$3.12B
| $566K | ﹤0.01% |
12,439
-9,568
| -43% | -$458K |
|
537
Embecta
EMBC
$286M
| $535K | ﹤0.01% |
55,193
+1,668
| +3% | +$18.8K |
|
538
Photronics
PLAB
$1.64B
| $528K | ﹤0.01% |
+28,040
| New | +$525K |
|
539
Magnolia Oil & Gas
MGY
$6.22B
| $520K | ﹤0.01% |
23,147
-28
| -0.1% | -$620 |
|
540
NovoCure
NVCR
$2.08B
| $516K | ﹤0.01% |
29,010
-3,169
| -10% | -$55.2K |
|
541
Nextpower Inc. Common Stock
NXT
$13B
| $504K | ﹤0.01% |
9,278
-15,029
| -62% | -$754K |
|
542
IonQ
IONQ
$15.9B
| $490K | ﹤0.01% |
+11,408
| New | +$382K |
|
543
Brookdale Senior Living
BKD
$2.8B
| $481K | ﹤0.01% |
+69,159
| New | +$450K |
|
544
Lantheus
LNTH
$6.58B
| $473K | ﹤0.01% |
5,776
-3,420
| -37% | -$300K |
|
545
Life Time Group Holdings
LTH
$9.72B
| $472K | ﹤0.01% |
+15,558
| New | +$462K |
|
546
Aurora
AUR
$11.7B
| $465K | ﹤0.01% |
88,743
+8,331
| +10% | +$52.2K |
|
547
Academy Sports + Outdoors
ASO
$2.7B
| $464K | ﹤0.01% |
+10,351
| New | +$429K |
|
548
DigitalOcean
DOCN
$13.1B
| $455K | ﹤0.01% |
+15,926
| New | +$465K |
|
549
Hubbell
HUBB
$24.3B
| $448K | ﹤0.01% |
1,097
-298
| -21% | -$110K |
|
|
NEE.PRT
550
NextEra Energy 7.234% Corporate Units
NEE.PRT
$1.43B
| $446K | ﹤0.01% |
10,076
| – | – |
|
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.