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 | |
|---|---|---|---|---|---|---|
551
Marriott International
MAR
$93.9B
| $303K | ﹤0.01% |
1,165
| – | – |
|
552
BCE
BCE
$20.5B
| $278K | ﹤0.01% |
11,893
-310,182
| -96% | -$7.47M |
|
553
Ross Stores
ROST
$80.9B
| $277K | ﹤0.01% |
1,819
| – | – |
|
554
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
| $272K | ﹤0.01% |
457
-154
| -25% | -$90.4K |
|
555
iShares North American Natural Resources ETF
IGE
$750M
| $268K | ﹤0.01% |
+5,463
| New | +$254K |
|
556
Darling Ingredients
DAR
$9.32B
| $265K | ﹤0.01% |
8,572
-134,565
| -94% | -$4.49M |
|
557
Starwood Property Trust
STWD
$5.97B
| $227K | ﹤0.01% |
11,731
| – | – |
|
558
JFrog
FROG
$10.5B
| $218K | ﹤0.01% |
4,610
-1,256
| -21% | -$56.7K |
|
559
Wingstop
WING
$3.37B
| $212K | ﹤0.01% |
844
-4,728
| -85% | -$1.47M |
|
560
CAVA Group
CAVA
$7.73B
| $202K | ﹤0.01% |
3,347
-6,392,808
| -100% | -$484M |
|
561
ACI Worldwide
ACIW
$5.85B
| – | – |
-17,123
| Closed | -$786K |
|
562
Enact Holdings
ACT
$6.65B
| – | – |
-18,216
| Closed | -$677K |
|
563
Adecoagro
AGRO
$1.35B
| – | – |
-847,914
| Closed | -$7.75M |
|
564
C3.ai
AI
$1.55B
| – | – |
-17,374
| Closed | -$427K |
|
565
Alkami Technology
ALKT
$2.01B
| – | – |
-36,874
| Closed | -$1.11M |
|
566
Amneal Pharmaceuticals
AMRX
$5.96B
| – | – |
-78,548
| Closed | -$635K |
|
567
Andersons Inc
ANDE
$2.47B
| – | – |
-9,674
| Closed | -$356K |
|
568
Apogee Therapeutics
APGE
$10.1B
| – | – |
-270,366
| Closed | -$11.7M |
|
569
Academy Sports + Outdoors
ASO
$2.98B
| – | – |
-10,351
| Closed | -$464K |
|
570
Aurora
AUR
$13.4B
| – | – |
-88,743
| Closed | -$465K |
|
571
Avista
AVA
$3.24B
| – | – |
-24,424
| Closed | -$927K |
|
572
Boise Cascade
BCC
$2.98B
| – | – |
-7,888
| Closed | -$685K |
|
573
KE Holdings
BEKE
$18.7B
| – | – |
-1,290,232
| Closed | -$22.9M |
|
574
Bunge Global
BG
$20.7B
| – | – |
-40,325
| Closed | -$3.24M |
|
575
Benchmark Electronics
BHE
$3.06B
| – | – |
-36,429
| Closed | -$1.41M |
|
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.