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 | |
|---|---|---|---|---|---|---|
201
Crinetics Pharmaceuticals
CRNX
$9B
| $57.1M | 0.03% |
1,987,118
-132,649
| -6% | -$4.1M |
|
|
MRX
202
Marex Group Limited Ordinary Shares
MRX
$5.24B
| $56.4M | 0.03% |
1,428,654
-136,549
| -9% | -$5.68M |
|
203
AvePoint
AVPT
$2.96B
| $56.2M | 0.03% |
2,908,473
+786,016
| +37% | +$13.6M |
|
204
Hayward Holdings
HAYW
$3B
| $55.6M | 0.03% |
4,030,965
+455,555
| +13% | +$6.14M |
|
205
Truist Financial
TFC
$61.6B
| $55.6M | 0.03% |
1,293,147
-1,786,602
| -58% | -$69.9M |
|
|
DOCU
206
DocuSign
DOCU
$12.2B
| $55.2M | 0.03% |
708,149
+45,332
| +7% | +$3.67M |
|
207
Northrop Grumman
NOC
$77.5B
| $54.4M | 0.03% |
108,823
+55,039
| +102% | +$27.1M |
|
208
Skyward Specialty Insurance
SKWD
$2.36B
| $54.4M | 0.03% |
940,913
-143,024
| -13% | -$8.25M |
|
209
NewAmsterdam Pharma
NAMS
$3.1B
| $53.4M | 0.03% |
2,946,103
-1,024,086
| -26% | -$18.7M |
|
210
RenaissanceRe
RNR
$13.7B
| $53.2M | 0.03% |
218,884
-8,884
| -4% | -$2.15M |
|
211
Boot Barn
BOOT
$4.69B
| $52.8M | 0.03% |
347,343
-98,106
| -22% | -$13M |
|
212
Ametek
AME
$54.2B
| $51.6M | 0.03% |
284,873
-33,912
| -11% | -$5.83M |
|
213
GE HealthCare
GEHC
$32.4B
| $51.4M | 0.03% |
694,476
-795,717
| -53% | -$55.4M |
|
214
monday.com
MNDY
$4.26B
| $51.2M | 0.03% |
162,872
+97,084
| +148% | +$27M |
|
215
Dell
DELL
$295B
| $50.3M | 0.03% |
410,424
+47,239
| +13% | +$4.83M |
|
216
Ameris Bancorp
ABCB
$5.74B
| $50.3M | 0.03% |
777,107
+274,417
| +55% | +$16.3M |
|
217
Sprout Social
SPT
$696M
| $50M | 0.03% |
2,392,450
+192,007
| +9% | +$4.07M |
|
218
Paycom
PAYC
$10.8B
| $49.9M | 0.03% |
+215,443
| New | +$51.1M |
|
219
Casella Waste Systems
CWST
$5.96B
| $49.8M | 0.03% |
432,039
+29,160
| +7% | +$3.37M |
|
220
Loar Holdings
LOAR
$6.72B
| $49.6M | 0.03% |
+575,552
| New | +$49.8M |
|
221
Cencora
COR
$61.5B
| $49M | 0.03% |
+163,544
| New | +$47.1M |
|
222
Duke Energy
DUK
$93.8B
| $48.8M | 0.03% |
+413,178
| New | +$48.8M |
|
223
Procore
PCOR
$9.68B
| $48.7M | 0.03% |
712,015
+365,421
| +105% | +$23.9M |
|
224
Agnico Eagle Mines
AEM
$104B
| $48.4M | 0.03% |
406,579
-115,250
| -22% | -$13.4M |
|
225
Chefs' Warehouse
CHEF
$4.69B
| $48M | 0.03% |
752,208
+47,930
| +7% | +$2.85M |
|
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.