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 | |
|---|---|---|---|---|---|---|
526
Magnolia Oil & Gas
MGY
$5.62B
| $570K | ﹤0.01% |
23,875
+728
| +3% | +$17.4K |
|
527
Rambus
RMBS
$10.6B
| $563K | ﹤0.01% |
+5,406
| New | +$417K |
|
528
AZZ Inc
AZZ
$4.57B
| $559K | ﹤0.01% |
+5,121
| New | +$568K |
|
529
Waste Management
WM
$89.7B
| $554K | ﹤0.01% |
2,509
| – | – |
|
530
Tidewater
TDW
$3.85B
| $550K | ﹤0.01% |
+10,306
| New | +$565K |
|
|
NBIS
531
Nebius Group N.V.
NBIS
$55.6B
| $546K | ﹤0.01% |
+4,865
| New | +$338K |
|
|
MNTN
532
MNTN Inc
MNTN
$771M
| $536K | ﹤0.01% |
+28,885
| New | +$657K |
|
533
10x Genomics
TXG
$6.03B
| $535K | ﹤0.01% |
+45,807
| New | +$597K |
|
534
Haemonetics
HAE
$3.8B
| $527K | ﹤0.01% |
+10,813
| New | +$669K |
|
535
Albany International
AIN
$1.75B
| $523K | ﹤0.01% |
+9,808
| New | +$622K |
|
|
AHL
536
DELISTED
Aspen Insurance
AHL
| $513K | ﹤0.01% |
13,979
-860,111
| -98% | -$28.3M |
|
537
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $510K | ﹤0.01% |
8,517
-4,757
| -36% | -$277K |
|
538
Upwork
UPWK
$1.18B
| $509K | ﹤0.01% |
27,394
-25,580
| -48% | -$381K |
|
539
Kura Oncology
KURA
$817M
| $502K | ﹤0.01% |
56,731
-85,931
| -60% | -$613K |
|
540
Affirm
AFRM
$26.3B
| $492K | ﹤0.01% |
+6,737
| New | +$513K |
|
541
Arm
ARM
$293B
| $475K | ﹤0.01% |
3,355
-261
| -7% | -$38K |
|
|
NEE.PRT
542
NextEra Energy 7.234% Corporate Units
NEE.PRT
$1.46B
| $474K | ﹤0.01% |
10,076
| – | – |
|
543
Hubbell
HUBB
$27.1B
| $472K | ﹤0.01% |
1,097
| – | – |
|
544
Brinker International
EAT
$9.69B
| $454K | ﹤0.01% |
3,583
+1,268
| +55% | +$198K |
|
545
Adobe
ADBE
$103B
| $447K | ﹤0.01% |
1,268
-350,496
| -100% | -$126M |
|
546
Sportradar
SRAD
$3.74B
| $445K | ﹤0.01% |
+16,546
| New | +$491K |
|
547
Celestica
CLS
$41.7B
| $423K | ﹤0.01% |
+1,716
| New | +$346K |
|
548
Upstart Holdings
UPST
$2.89B
| $413K | ﹤0.01% |
8,129
-3,253
| -29% | -$229K |
|
|
HUT
549
Hut 8
HUT
$10.4B
| $409K | ﹤0.01% |
+11,736
| New | +$298K |
|
550
Hershey
HSY
$36.1B
| $383K | ﹤0.01% |
2,047
| – | – |
|
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.