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 | |
|---|---|---|---|---|---|---|
551
C3.ai
AI
$1.64B
| $427K | ﹤0.01% |
+17,374
| New | +$397K |
|
552
ODDITY Tech
ODD
$662M
| $423K | ﹤0.01% |
+5,608
| New | +$342K |
|
553
Brinker International
EAT
$9.87B
| $417K | ﹤0.01% |
+2,315
| New | +$363K |
|
554
Sunrun
RUN
$2.11B
| $415K | ﹤0.01% |
+50,753
| New | +$399K |
|
555
Archer Aviation
ACHR
$4.43B
| $371K | ﹤0.01% |
+34,170
| New | +$320K |
|
|
VSXY
556
Victoria's Secret
VSXY
$6.98B
| $369K | ﹤0.01% |
+19,929
| New | +$390K |
|
557
Universal Technical Institute
UTI
$1.17B
| $367K | ﹤0.01% |
+10,827
| New | +$340K |
|
|
SEI
558
Solaris Energy Infrastructure
SEI
$3.28B
| $356K | ﹤0.01% |
+12,593
| New | +$297K |
|
559
Andersons Inc
ANDE
$2.19B
| $356K | ﹤0.01% |
+9,674
| New | +$354K |
|
560
Herbalife
HLF
$1.3B
| $355K | ﹤0.01% |
+41,149
| New | +$306K |
|
561
PureCycle Technologies
PCT
$1.31B
| $350K | ﹤0.01% |
+25,572
| New | +$226K |
|
562
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.4B
| $346K | ﹤0.01% |
611
-1,461
| -71% | -$784K |
|
563
Coeur Mining
CDE
$21.7B
| $346K | ﹤0.01% |
39,028
-60,590
| -61% | -$441K |
|
564
Service Corp International
SCI
$11.4B
| $342K | ﹤0.01% |
4,198
-293,206
| -99% | -$22.9M |
|
565
Healthcare Services Group
HCSG
$1.54B
| $340K | ﹤0.01% |
+22,635
| New | +$300K |
|
566
Hershey
HSY
$36B
| $340K | ﹤0.01% |
2,047
| – | – |
|
567
Marriott International
MAR
$91.5B
| $318K | ﹤0.01% |
1,165
-2,026
| -63% | -$508K |
|
568
SoundHound AI
SOUN
$3.16B
| $313K | ﹤0.01% |
+29,186
| New | +$275K |
|
569
Opendoor
OPEN
$3.19B
| $286K | ﹤0.01% |
+553,854
| New | +$400K |
|
570
FirstService
FSV
$6.18B
| $258K | ﹤0.01% |
1,478
-4,503
| -75% | -$780K |
|
571
JFrog
FROG
$12.2B
| $257K | ﹤0.01% |
+5,866
| New | +$223K |
|
572
Starwood Property Trust
STWD
$5.85B
| $235K | ﹤0.01% |
11,731
-694
| -6% | -$13.5K |
|
573
Ross Stores
ROST
$73.3B
| $232K | ﹤0.01% |
1,819
-1,875
| -51% | -$260K |
|
574
ReNew
RNW
$2.49B
| $118K | ﹤0.01% |
17,102
-15,231
| -47% | -$99.5K |
|
575
AllianceBernstein
AB
$3.43B
| – | – |
-911,558
| Closed | -$34.9M |
|
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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.