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 | |
|---|---|---|---|---|---|---|
651
TC Energy
TRP
$66.9B
| – | – |
-765,680
| Closed | -$37.4M |
|
652
Universal Technical Institute
UTI
$2.31B
| – | – |
-10,827
| Closed | -$367K |
|
653
Valaris
VAL
$5.31B
| – | – |
-15,604
| Closed | -$657K |
|
654
Veracyte
VCYT
$3.79B
| – | – |
-265,873
| Closed | -$7.19M |
|
|
VRNA
655
DELISTED
Verona Pharma
VRNA
| – | – |
-839,159
| Closed | -$79.4M |
|
|
VSXY
656
Victoria's Secret
VSXY
$7.21B
| – | – |
-19,929
| Closed | -$369K |
|
657
Watsco Inc
WSO
$13.8B
| – | – |
-36,771
| Closed | -$16.2M |
|
658
Zai Lab
ZLAB
$2.06B
| – | – |
-592,332
| Closed | -$20.7M |
|
659
BBB Foods
TBBB
$5.09B
| – | – |
-30,514
| Closed | -$847K |
|
|
SLSR
660
Solaris Resources
SLSR
$1.34B
| – | – |
-1,043,391
| Closed | -$4.78M |
|
661
Ferrovial N.V. Ordinary Shares
FER
$48B
| – | – |
-285,804
| Closed | -$15.1M |
|
|
TXNM
662
TXNM Energy Inc
TXNM
$5.93B
| – | – |
-40,253
| Closed | -$2.27M |
|
|
SOBO
663
South Bow Corp
SOBO
$7.42B
| – | – |
-563,522
| Closed | -$14.6M |
|
|
BBNX
664
Beta Bionics
BBNX
$632M
| – | – |
-59,185
| Closed | -$862K |
|
|
MTSR
665
DELISTED
Metsera Inc
MTSR
| – | – |
-312,290
| Closed | -$8.88M |
|
|
CRCL
666
Circle Internet Group
CRCL
$15.7B
| – | – |
-136,824
| Closed | -$24.8M |
|
|
CHYM
667
Chime Financial
CHYM
$9.9B
| – | – |
-109,116
| Closed | -$3.77M |
|
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.