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 | |
|---|---|---|---|---|---|---|
626
NexGen Energy
NXE
$6.63B
| – | – |
-379,576
| Closed | -$2.64M |
|
627
ODDITY Tech
ODD
$705M
| – | – |
-5,608
| Closed | -$423K |
|
628
Okta
OKTA
$25.6B
| – | – |
-8,998
| Closed | -$900K |
|
629
Opendoor
OPEN
$3.62B
| – | – |
-553,854
| Closed | -$286K |
|
630
Outfront Media
OUT
$5.63B
| – | – |
-51,836
| Closed | -$846K |
|
631
Grupo Aeroportuario del Pacifico
PAC
$12.9B
| – | – |
-8,903
| Closed | -$2.04M |
|
632
Pembina Pipeline
PBA
$27.5B
| – | – |
-622,096
| Closed | -$23.4M |
|
633
PureCycle Technologies
PCT
$1.38B
| – | – |
-25,572
| Closed | -$350K |
|
634
Photronics
PLAB
$1.89B
| – | – |
-28,040
| Closed | -$528K |
|
635
Dave & Buster's
PLAY
$365M
| – | – |
-31,893
| Closed | -$959K |
|
636
Pinnacle Financial Partners Inc
PNFP
$16.3B
| – | – |
-686,744
| Closed | -$75.8M |
|
637
Pool Corp
POOL
$7.51B
| – | – |
-30,539
| Closed | -$8.9M |
|
|
RPC
638
Ridgepost Capital
RPC
$993M
| – | – |
-83,241
| Closed | -$851K |
|
639
Rocket Lab Corp
RKLB
$46.5B
| – | – |
-22,041
| Closed | -$788K |
|
640
ReNew
RNW
$2.25B
| – | – |
-17,102
| Closed | -$118K |
|
641
Range Resources
RRC
$8.94B
| – | – |
-140,643
| Closed | -$5.72M |
|
642
Sunrun
RUN
$2.52B
| – | – |
-50,753
| Closed | -$415K |
|
643
Revvity
RVTY
$12.8B
| – | – |
-377,902
| Closed | -$36.6M |
|
644
Service Corp International
SCI
$11.6B
| – | – |
-4,198
| Closed | -$342K |
|
|
SCS
645
DELISTED
Steelcase
SCS
| – | – |
-69,257
| Closed | -$722K |
|
646
Sprouts Farmers Market
SFM
$7.92B
| – | – |
-6,284
| Closed | -$1.03M |
|
647
Champion Homes
SKY
$5.09B
| – | – |
-10,100
| Closed | -$632K |
|
648
SoundHound AI
SOUN
$2.8B
| – | – |
-29,186
| Closed | -$313K |
|
649
Stantec
STN
$8.38B
| – | – |
-115,135
| Closed | -$12.5M |
|
|
TGNA
650
DELISTED
TEGNA Inc
TGNA
| – | – |
-81,061
| Closed | -$1.36M |
|
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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.