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 |
Advanced Micro Devices
AMD
|
+$1.58B |
| 2 |
Amphenol
APH
|
+$1.06B |
| 3 |
Eli Lilly
LLY
|
+$896M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$780M |
| 5 |
Snowflake
SNOW
|
+$615M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$2.24B |
| 2 |
NVIDIA
NVDA
|
+$1.89B |
| 3 |
Mercado Libre
MELI
|
+$1.5B |
| 4 |
Netflix
NFLX
|
+$1.32B |
| 5 |
Nike
NKE
|
+$826M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.63% |
| 2 | Communication Services | 15.64% |
| 3 | Consumer Discretionary | 12.05% |
| 4 | Healthcare | 9.65% |
| 5 | Financials | 6.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
APLS
251
DELISTED
Apellis Pharmaceuticals
APLS
| $37.8M | 0.02% |
1,504,299
-2,843,756
| -65% | -$66.7M |
|
252
United Rentals
URI
$72.4B
| $37.4M | 0.02% |
46,197
-119
| -0.3% | -$103K |
|
253
Option Care Health
OPCH
$3.56B
| $37.1M | 0.02% |
1,163,931
-104,695
| -8% | -$3.07M |
|
254
SAP
SAP
$238B
| $37M | 0.02% |
152,356
-1,944
| -1% | -$495K |
|
255
First Bancorp
FBNC
$2.68B
| $36.9M | 0.02% |
726,362
+123,283
| +20% | +$6.25M |
|
256
Roblox
RBLX
$27B
| $36.8M | 0.02% |
454,309
+13,981
| +3% | +$1.48M |
|
|
CWAN
257
DELISTED
Clearwater Analytics
CWAN
| $36.2M | 0.02% |
1,501,384
+672,506
| +81% | +$13.5M |
|
258
Viridian Therapeutics
VRDN
$2.67B
| $35.9M | 0.02% |
+1,154,080
| New | +$31.7M |
|
259
MPLX
MPLX
$59.7B
| $35.8M | 0.02% |
670,327
-98,304
| -13% | -$5.13M |
|
260
Stevanato
STVN
$5.54B
| $35.7M | 0.02% |
1,772,896
+213,602
| +14% | +$4.96M |
|
261
Arista Networks
ANET
$238B
| $35.5M | 0.02% |
271,097
-45,671
| -14% | -$6.29M |
|
262
Samsara
IOT
$23.8B
| $35.2M | 0.02% |
993,356
+101,093
| +11% | +$3.91M |
|
263
Lindsay Corp
LNN
$1.18B
| $34.9M | 0.02% |
296,017
-192,770
| -39% | -$23.2M |
|
264
Varonis Systems
VRNS
$5B
| $34M | 0.02% |
1,036,934
+498,413
| +93% | +$20.9M |
|
|
INN
265
Summit Hotel Properties
INN
$700M
| $33.8M | 0.02% |
6,941,074
-183,255
| -3% | -$959K |
|
266
JFrog
FROG
$10.8B
| $33.6M | 0.02% |
538,444
+533,834
| +11,580% | +$30.4M |
|
267
Enterprise Financial Services Corp
EFSC
$2.39B
| $33.6M | 0.02% |
621,824
-10,679
| -2% | -$586K |
|
|
PLYM
268
DELISTED
Plymouth Industrial REIT
PLYM
| $33.5M | 0.02% |
1,532,682
-1,994,970
| -57% | -$43.8M |
|
269
Estee Lauder
EL
$32B
| $32.9M | 0.02% |
+314,556
| New | +$30.5M |
|
270
Mercury Systems
MRCY
$6.52B
| $32.9M | 0.02% |
449,967
-86,440
| -16% | -$6.43M |
|
271
uniQure
QURE
$3.22B
| $32.8M | 0.02% |
1,371,190
+371,706
| +37% | +$14.3M |
|
272
Argan
AGX
$8.37B
| $31.7M | 0.02% |
+101,097
| New | +$32.1M |
|
273
Vaxcyte
PCVX
$8.64B
| $31.3M | 0.02% |
677,553
-493,346
| -42% | -$22.1M |
|
|
NAVN
274
Navan Inc
NAVN
$7.4B
| $31.2M | 0.02% |
+1,826,419
| New | +$29M |
|
275
LendingTree
TREE
$451M
| $31.1M | 0.02% |
+586,173
| New | +$32.9M |
|
Similar funds
Jennison Associates's Q4 2025 Portfolio in Review
As of Q4 2025, Jennison Associates held 652 positions worth $167B, down 3% from $172B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Jennison Associates withdrew a net $7.12B in Q4 2025, closing 78 positions and reducing 263 holdings. Its most notable exit was Nike, an estimated $826M position sold in full.
By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 41% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Merck worth $585M.
- Jennison Associates's largest Q4 2025 buy was Merck: 5,559,488 shares worth $585M.
- Jennison Associates added most to Advanced Micro Devices in Q4 2025, an estimated $1.58B increase.
- Jennison Associates's biggest Q4 2025 reduction was Meta Platforms (Facebook), cutting an estimated $2.24B.
- Jennison Associates fully exited Nike in Q4 2025, selling an estimated $826M.
- Jennison Associates's ten largest holdings make up 48% of its $167B portfolio in Q4 2025.
- Jennison Associates opened 92 new positions and closed 78 in Q4 2025.
- Jennison Associates's portfolio value fell 3% quarter-over-quarter to $167B.
Based on Jennison Associates's 13F filing for Q4 2025, filed 30 Jan 2026.