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 | |
|---|---|---|---|---|---|---|
201
Warby Parker
WRBY
$3.47B
| $54.8M | 0.03% |
1,987,196
-5,725
| -0.3% | -$145K |
|
202
Natera
NTRA
$38.7B
| $54.8M | 0.03% |
340,309
-54,107
| -14% | -$8.56M |
|
203
EQT Corp
EQT
$33.5B
| $54.7M | 0.03% |
1,005,538
+266,624
| +36% | +$14.1M |
|
204
Regal Rexnord
RRX
$14.1B
| $54.4M | 0.03% |
378,945
+152,517
| +67% | +$22.5M |
|
205
Cencora
COR
$60B
| $53.1M | 0.03% |
169,829
+6,285
| +4% | +$1.85M |
|
206
MasTec
MTZ
$21B
| $53M | 0.03% |
249,259
+167,429
| +205% | +$30.7M |
|
207
Shake Shack
SHAK
$2.61B
| $52.7M | 0.03% |
562,773
-31,198
| -5% | -$3.58M |
|
208
Urban Edge Properties
UE
$2.85B
| $52.5M | 0.03% |
2,567,047
-710,257
| -22% | -$14.2M |
|
|
KRMN
209
Karman Holdings
KRMN
$6.68B
| $52.5M | 0.03% |
+727,335
| New | +$39.9M |
|
210
Comfort Systems
FIX
$62.3B
| $52.4M | 0.03% |
63,561
+61,026
| +2,407% | +$41.4M |
|
211
McDonald's
MCD
$188B
| $52.3M | 0.03% |
172,096
-31,231
| -15% | -$9.51M |
|
|
EXE
212
Expand Energy Corp
EXE
$21.9B
| $52.1M | 0.03% |
490,317
-63,897
| -12% | -$6.41M |
|
213
First Interstate BancSystem
FIBK
$3.75B
| $51.9M | 0.03% |
1,629,122
+73,737
| +5% | +$2.29M |
|
214
Agnico Eagle Mines
AEM
$74.6B
| $51.9M | 0.03% |
308,018
-98,561
| -24% | -$13.5M |
|
215
XP
XP
$8.8B
| $51.8M | 0.03% |
2,754,791
-82,265
| -3% | -$1.48M |
|
|
GLDD
216
DELISTED
Great Lakes Dredge & Dock
GLDD
| $51.2M | 0.03% |
4,274,268
-519,570
| -11% | -$6.02M |
|
217
Southern Copper
SCCO
$146B
| $50.2M | 0.03% |
425,242
+146,137
| +52% | +$14.3M |
|
218
Monolithic Power Systems
MPWR
$66B
| $49.7M | 0.03% |
53,955
+3,271
| +6% | +$2.65M |
|
219
Ametek
AME
$55.9B
| $49M | 0.03% |
260,636
-24,237
| -9% | -$4.46M |
|
|
MRX
220
Marex Group Limited Ordinary Shares
MRX
$4.61B
| $48.9M | 0.03% |
1,453,778
+25,124
| +2% | +$907K |
|
221
Generac Holdings
GNRC
$11.9B
| $48.2M | 0.03% |
288,149
-290,417
| -50% | -$50.9M |
|
222
Quanta Services
PWR
$102B
| $47.9M | 0.03% |
115,470
-156
| -0.1% | -$60.6K |
|
|
PR
223
Permian Resources
PR
$17.5B
| $47.5M | 0.03% |
3,713,346
-1,278,959
| -26% | -$17.5M |
|
224
Arista Networks
ANET
$233B
| $46.2M | 0.03% |
316,768
+1,357
| +0.4% | +$175K |
|
225
Verizon
VZ
$198B
| $46.1M | 0.03% |
1,048,890
+1,012,751
| +2,802% | +$43.8M |
|
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.