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 | |
|---|---|---|---|---|---|---|
76
Idacorp
IDA
$8.32B
| $181M | 0.11% |
1,370,069
+46,413
| +4% | +$5.75M |
|
77
Truist Financial
TFC
$63.4B
| $179M | 0.1% |
3,918,994
+2,625,847
| +203% | +$118M |
|
78
argenx
ARGX
$52B
| $177M | 0.1% |
240,228
-24,419
| -9% | -$16.1M |
|
79
MakeMyTrip
MMYT
$5.81B
| $174M | 0.1% |
1,861,604
+11,837
| +0.6% | +$1.15M |
|
80
On Holding
ONON
$12.6B
| $173M | 0.1% |
4,094,195
+3,416
| +0.1% | +$163K |
|
81
Southern Company
SO
$107B
| $169M | 0.1% |
1,779,203
-786,655
| -31% | -$73.4M |
|
82
Tower Semiconductor
TSEM
$26.5B
| $169M | 0.1% |
2,331,831
+369,600
| +19% | +$20.2M |
|
83
IBM
IBM
$213B
| $169M | 0.1% |
597,242
+397,494
| +199% | +$104M |
|
84
Dell
DELL
$277B
| $168M | 0.1% |
1,187,965
+777,541
| +189% | +$101M |
|
85
Lowe's Companies
LOW
$119B
| $168M | 0.1% |
669,556
+171,928
| +35% | +$42.2M |
|
86
M&T Bank
MTB
$36.2B
| $166M | 0.1% |
840,655
+257,414
| +44% | +$50.5M |
|
87
East-West Bancorp
EWBC
$18.1B
| $166M | 0.1% |
1,559,840
+187,433
| +14% | +$19.7M |
|
88
Unilever
UL
$137B
| $166M | 0.1% |
2,487,001
-319,267
| -11% | -$22M |
|
89
Chubb
CB
$134B
| $166M | 0.1% |
586,822
-157,522
| -21% | -$43.4M |
|
90
PG&E
PCG
$38.4B
| $163M | 0.09% |
10,807,853
-461,358
| -4% | -$6.73M |
|
91
Performance Food Group
PFGC
$18B
| $162M | 0.09% |
1,556,991
-303,057
| -16% | -$30.3M |
|
92
Chevron
CVX
$385B
| $160M | 0.09% |
1,031,837
+144,212
| +16% | +$22.3M |
|
93
Shift4
FOUR
$4.31B
| $159M | 0.09% |
2,056,056
+419,132
| +26% | +$39M |
|
94
Tarsus Pharmaceuticals
TARS
$2.68B
| $155M | 0.09% |
2,604,580
+136,582
| +6% | +$6.72M |
|
95
Ameren
AEE
$30.3B
| $153M | 0.09% |
1,467,815
-203,712
| -12% | -$20.3M |
|
96
Xcel Energy
XEL
$48.5B
| $144M | 0.08% |
1,780,492
+193,274
| +12% | +$14M |
|
97
AbbVie
ABBV
$433B
| $144M | 0.08% |
619,984
+10,808
| +2% | +$2.2M |
|
98
Keysight
KEYS
$55B
| $142M | 0.08% |
809,795
-236,176
| -23% | -$39.4M |
|
99
UnitedHealth
UNH
$377B
| $142M | 0.08% |
410,180
+18,586
| +5% | +$5.62M |
|
100
Churchill Downs
CHDN
$5.82B
| $141M | 0.08% |
1,457,336
+500,395
| +52% | +$51.5M |
|
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.