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 | |
|---|---|---|---|---|---|---|
|
AAMI
151
Acadian Asset Management
AAMI
$3.2B
| $83.3M | 0.05% |
1,729,842
-361,249
| -17% | -$16.1M |
|
152
Ferrari
RACE
$70.5B
| $83.1M | 0.05% |
171,343
-1,669,857
| -91% | -$800M |
|
153
Kirby Corp
KEX
$6.98B
| $82.5M | 0.05% |
988,468
-57,206
| -5% | -$5.75M |
|
154
NRG Energy
NRG
$29.2B
| $81.8M | 0.05% |
505,129
-24,427
| -5% | -$3.81M |
|
155
Q2 Holdings
QTWO
$3.89B
| $80.4M | 0.05% |
1,111,292
-231,480
| -17% | -$19M |
|
156
General Motors
GM
$79.3B
| $80.3M | 0.05% |
1,317,306
-12,738
| -1% | -$710K |
|
157
Elanco Animal Health
ELAN
$12.8B
| $80M | 0.05% |
3,974,347
+739,630
| +23% | +$12.4M |
|
|
PLYM
158
DELISTED
Plymouth Industrial REIT
PLYM
| $78.8M | 0.05% |
3,527,652
-117,683
| -3% | -$2.16M |
|
159
Eastern Bankshares
EBC
$5.29B
| $78.4M | 0.05% |
4,318,962
+462,986
| +12% | +$7.64M |
|
160
Korn Ferry
KFY
$4.21B
| $78.2M | 0.05% |
1,116,815
+22,700
| +2% | +$1.66M |
|
161
Cousins Properties
CUZ
$5.17B
| $76.8M | 0.04% |
2,654,044
-881,067
| -25% | -$25M |
|
162
Salesforce
CRM
$152B
| $75.9M | 0.04% |
320,087
-1,678,932
| -84% | -$423M |
|
163
3M
MMM
$91.4B
| $75.3M | 0.04% |
485,348
-460,718
| -49% | -$71M |
|
164
CVS Health
CVS
$134B
| $74.7M | 0.04% |
991,265
-3,022,874
| -75% | -$207M |
|
165
Heritage Financial
HFWA
$1.23B
| $74.5M | 0.04% |
3,080,022
+102,707
| +3% | +$2.49M |
|
|
WCC
166
WESCO International
WCC
$17.6B
| $74.3M | 0.04% |
351,500
+112,069
| +47% | +$23.5M |
|
167
Airbnb
ABNB
$89.4B
| $73.8M | 0.04% |
607,865
-3,893,286
| -86% | -$504M |
|
168
Neurocrine Biosciences
NBIX
$16.7B
| $73M | 0.04% |
519,953
-50,915
| -9% | -$6.9M |
|
169
DTE Energy
DTE
$29.5B
| $72.5M | 0.04% |
512,833
-24,533
| -5% | -$3.36M |
|
170
Intapp
INTA
$2.57B
| $72.2M | 0.04% |
1,766,451
+134,923
| +8% | +$5.83M |
|
171
Chesapeake Utilities
CPK
$3.21B
| $71.3M | 0.04% |
529,306
-10,893
| -2% | -$1.35M |
|
172
Hayward Holdings
HAYW
$3.28B
| $69.6M | 0.04% |
4,604,819
+573,854
| +14% | +$8.79M |
|
173
RBC Bearings
RBC
$18B
| $69.1M | 0.04% |
176,922
+80,180
| +83% | +$31.2M |
|
174
Lindsay Corp
LNN
$1.15B
| $68.7M | 0.04% |
488,787
+38,666
| +9% | +$5.38M |
|
175
Dominion Energy
D
$60.5B
| $68.1M | 0.04% |
1,113,274
-338,708
| -23% | -$20.1M |
|
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.