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 | |
|---|---|---|---|---|---|---|
101
3M
MMM
$89.9B
| $144M | 0.09% |
946,066
+103,892
| +12% | +$14.8M |
|
102
Crown Holdings
CCK
$12.9B
| $141M | 0.08% |
1,365,574
+242,389
| +22% | +$23.1M |
|
103
East-West Bancorp
EWBC
$17.7B
| $139M | 0.08% |
1,372,407
-329,233
| -19% | -$29.2M |
|
|
PPL
104
PPL Corp
PPL
$25.7B
| $138M | 0.08% |
4,074,416
-50,342
| -1% | -$1.75M |
|
105
Public Service Enterprise Group
PEG
$36.5B
| $136M | 0.08% |
1,619,831
-355,795
| -18% | -$28.7M |
|
106
Adobe
ADBE
$116B
| $136M | 0.08% |
351,764
-677,004
| -66% | -$261M |
|
107
Pinterest
PINS
$13.1B
| $130M | 0.08% |
3,625,586
+634,436
| +21% | +$19.3M |
|
108
CMS Energy
CMS
$21.4B
| $128M | 0.08% |
1,852,146
-20,138
| -1% | -$1.43M |
|
109
Sempra
SRE
$55.1B
| $127M | 0.08% |
1,681,245
-851
| -0.1% | -$63.2K |
|
110
Chevron
CVX
$396B
| $127M | 0.08% |
887,625
-301,729
| -25% | -$42.5M |
|
111
Q2 Holdings
QTWO
$4.06B
| $126M | 0.07% |
1,342,772
+41,000
| +3% | +$3.46M |
|
112
Independence Realty Trust
IRT
$3.84B
| $123M | 0.07% |
6,926,454
+789,515
| +13% | +$14.8M |
|
113
UnitedHealth
UNH
$353B
| $122M | 0.07% |
391,594
-110,482
| -22% | -$42.2M |
|
114
Kirby Corp
KEX
$7.34B
| $119M | 0.07% |
1,045,674
-254,429
| -20% | -$26.7M |
|
115
Evergy
EVRG
$18.6B
| $118M | 0.07% |
1,709,576
-21,273
| -1% | -$1.43M |
|
116
Gates Industrial Corp
GTES
$6.55B
| $117M | 0.07% |
5,078,345
-1,841,058
| -27% | -$37.1M |
|
117
Wintrust Financial
WTFC
$10.3B
| $116M | 0.07% |
936,834
+129,444
| +16% | +$14.8M |
|
118
Prologis
PLD
$134B
| $115M | 0.07% |
1,098,140
+97,248
| +10% | +$10.2M |
|
119
Camden Property Trust
CPT
$12.3B
| $114M | 0.07% |
1,013,719
+472,623
| +87% | +$54.5M |
|
120
Alnylam Pharmaceuticals
ALNY
$31.7B
| $114M | 0.07% |
350,070
+40,851
| +13% | +$11.3M |
|
121
Gulfport Energy Corp
GPOR
$3.12B
| $114M | 0.07% |
565,194
+186,531
| +49% | +$34.8M |
|
122
Exelon
EXC
$45.3B
| $113M | 0.07% |
2,608,678
-259,771
| -9% | -$11.6M |
|
123
M&T Bank
MTB
$34.3B
| $113M | 0.07% |
583,241
+555,782
| +2,024% | +$98.1M |
|
124
AbbVie
ABBV
$451B
| $113M | 0.07% |
609,176
-135,764
| -18% | -$25.2M |
|
125
Lowe's Companies
LOW
$117B
| $110M | 0.07% |
497,628
+89,839
| +22% | +$20M |
|
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.