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 | |
|---|---|---|---|---|---|---|
626
ProPetro Holding
PUMP
$1.35B
| – | – |
-81,613
| Closed | -$600K |
|
627
Rocket Pharmaceuticals
RCKT
$424M
| – | – |
-114,580
| Closed | -$764K |
|
|
RWT
628
Redwood Trust
RWT
$580M
| – | – |
-114,282
| Closed | -$694K |
|
629
Similarweb
SMWB
$801M
| – | – |
-1,892,110
| Closed | -$15.6M |
|
630
SharkNinja
SN
$26.9B
| – | – |
-255,795
| Closed | -$21.3M |
|
|
SWTX
631
DELISTED
SpringWorks Therapeutics
SWTX
| – | – |
-14,782
| Closed | -$652K |
|
632
Transmedics
TMDX
$3.07B
| – | – |
-9,217
| Closed | -$620K |
|
|
TRML
633
DELISTED
Tourmaline Bio
TRML
| – | – |
-118,487
| Closed | -$1.8M |
|
634
Vera Therapeutics
VERA
$2.46B
| – | – |
-507,838
| Closed | -$12.2M |
|
635
Vertiv
VRT
$99B
| – | – |
-4,265,097
| Closed | -$308M |
|
636
WIX.com
WIX
$3.67B
| – | – |
-5,458
| Closed | -$892K |
|
637
Expro Ltd
XPRO
$1.98B
| – | – |
-835,309
| Closed | -$8.3M |
|
638
Amer Sports
AS
$18.1B
| – | – |
-74,003
| Closed | -$1.98M |
|
|
TE
639
T1 Energy
TE
$1.41B
| – | – |
-1,317,275
| Closed | -$1.66M |
|
|
FLOC
640
Flowco Holdings
FLOC
$930M
| – | – |
-80,190
| Closed | -$2.06M |
|
|
KRMN
641
Karman Holdings
KRMN
$6.04B
| – | – |
-171,757
| Closed | -$5.74M |
|
|
LGF.B
642
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| – | – |
-102,510
| Closed | -$812K |
|
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.