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 | |
|---|---|---|---|---|---|---|
|
NVO
176
Novo Nordisk
NVO
$208B
| $68M | 0.04% |
1,226,004
-17,659,339
| -94% | -$1.03B |
|
177
Northrop Grumman
NOC
$77.9B
| $65.7M | 0.04% |
107,755
-1,068
| -1% | -$606K |
|
178
Take-Two Interactive
TTWO
$45.8B
| $65.4M | 0.04% |
252,973
-9,490
| -4% | -$2.25M |
|
179
Camden Property Trust
CPT
$11B
| $64.5M | 0.04% |
604,468
-409,251
| -40% | -$45M |
|
180
GeneDx Holdings
WGS
$2.01B
| $64.5M | 0.04% |
598,426
+200,530
| +50% | +$21.8M |
|
181
Moelis & Co
MC
$5.08B
| $64M | 0.04% |
898,056
+226,625
| +34% | +$16.2M |
|
182
Alliant Energy
LNT
$18.4B
| $63.2M | 0.04% |
937,958
+216,427
| +30% | +$14M |
|
183
Amgen
AMGN
$204B
| $63.2M | 0.04% |
223,807
-380,967
| -63% | -$110M |
|
184
Kanzhun
BZ
$7.36B
| $62.5M | 0.04% |
2,676,655
+131,003
| +5% | +$2.81M |
|
185
Atmos Energy
ATO
$28.9B
| $61.6M | 0.04% |
360,565
-77,316
| -18% | -$12.5M |
|
186
RenaissanceRe
RNR
$13.4B
| $61.1M | 0.04% |
240,645
+21,761
| +10% | +$5.27M |
|
187
Roblox
RBLX
$26.2B
| $61M | 0.04% |
440,328
-235,571
| -35% | -$29.3M |
|
188
Universal Display
OLED
$3.67B
| $60.8M | 0.04% |
423,153
+7,300
| +2% | +$1.06M |
|
189
Renasant Corp
RNST
$4.02B
| $60.2M | 0.04% |
1,632,045
-14,583
| -0.9% | -$552K |
|
190
Scholar Rock
SRRK
$5.49B
| $59.8M | 0.03% |
1,606,512
+1,240,566
| +339% | +$43.4M |
|
191
Domino's
DPZ
$12.1B
| $59.2M | 0.03% |
137,195
-9,481
| -6% | -$4.31M |
|
192
Woodward
WWD
$21.5B
| $59M | 0.03% |
233,346
+118,255
| +103% | +$29.4M |
|
193
Procter & Gamble
PG
$338B
| $58.7M | 0.03% |
382,083
-12,550
| -3% | -$1.96M |
|
194
uniQure
QURE
$3.06B
| $58.3M | 0.03% |
999,484
+859,424
| +614% | +$15.6M |
|
195
Kymera Therapeutics
KYMR
$8.25B
| $58.2M | 0.03% |
1,027,739
+202,714
| +25% | +$9.14M |
|
196
American Electric Power
AEP
$69.9B
| $57.9M | 0.03% |
514,249
-408,329
| -44% | -$44.7M |
|
197
Curtiss-Wright
CW
$27.6B
| $57.6M | 0.03% |
+106,071
| New | +$52.3M |
|
198
AvePoint
AVPT
$2.83B
| $56.4M | 0.03% |
3,755,655
+847,182
| +29% | +$14.2M |
|
199
ACV Auctions
ACVA
$1.36B
| $56.3M | 0.03% |
5,678,619
+107,325
| +2% | +$1.37M |
|
200
Celsius Holdings
CELH
$7.22B
| $54.8M | 0.03% |
953,432
+548,863
| +136% | +$28.7M |
|
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.