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 | |
|---|---|---|---|---|---|---|
301
Cactus
WHD
$5.44B
| $25.9M | 0.02% |
566,935
-93,486
| -14% | -$3.91M |
|
302
iShares MSCI ACWI ETF
ACWI
$33.5B
| $25.6M | 0.02% |
181,265
+154,778
| +584% | +$21.7M |
|
303
Enerpac Tool Group
EPAC
$1.93B
| $25.4M | 0.02% |
663,069
-142,456
| -18% | -$5.64M |
|
304
RadNet
RDNT
$5.69B
| $25M | 0.02% |
350,615
-9,589
| -3% | -$740K |
|
305
Cipher Digital
CIFR
$7.13B
| $25M | 0.02% |
+1,694,663
| New | +$29.9M |
|
306
Energy Transfer Partners
ET
$69.3B
| $25M | 0.02% |
1,514,712
-84,029
| -5% | -$1.4M |
|
307
Sotera Health
SHC
$5.38B
| $24.7M | 0.01% |
+1,401,362
| New | +$23.2M |
|
308
iRhythm Holdings
IRTC
$4.2B
| $24.7M | 0.01% |
139,059
-18,217
| -12% | -$3.23M |
|
309
TotalEnergies
TTE
$190B
| $24.4M | 0.01% |
372,385
-3,502
| -0.9% | -$221K |
|
310
Revolution Medicines
RVMD
$44B
| $24.3M | 0.01% |
+305,260
| New | +$20M |
|
311
Pinduoduo
PDD
$131B
| $24.2M | 0.01% |
+213,348
| New | +$26.5M |
|
312
Griffon
GFF
$4.86B
| $24.2M | 0.01% |
328,431
-265,535
| -45% | -$19.7M |
|
313
Olema Pharmaceuticals
OLMA
$1.05B
| $24.1M | 0.01% |
+963,997
| New | +$17.2M |
|
314
Skyward Specialty Insurance
SKWD
$2.58B
| $24M | 0.01% |
469,438
-160,018
| -25% | -$7.69M |
|
315
Dutch Bros
BROS
$9.26B
| $23.4M | 0.01% |
382,067
+370,746
| +3,275% | +$21.1M |
|
316
Align Technology
ALGN
$12.3B
| $23.4M | 0.01% |
+149,584
| New | +$21.4M |
|
317
Mirion Technologies
MIR
$3.91B
| $23.2M | 0.01% |
992,583
-58,911
| -6% | -$1.47M |
|
|
ONC
318
BeOne Medicines Ltd
ONC
$39.4B
| $23.2M | 0.01% |
76,438
+2,840
| +4% | +$930K |
|
319
DuPont de Nemours
DD
$19.2B
| $23M | 0.01% |
190,736
-265,760
| -58% | -$29.9M |
|
320
Celcuity
CELC
$4.52B
| $22.9M | 0.01% |
+229,704
| New | +$18.9M |
|
321
Riskified
RSKD
$716M
| $22.8M | 0.01% |
4,595,027
-114,827
| -2% | -$553K |
|
322
Rush Enterprises Class A
RUSHA
$6.22B
| $22.7M | 0.01% |
420,939
-189,478
| -31% | -$9.84M |
|
323
Avient
AVNT
$4.19B
| $22.5M | 0.01% |
719,938
-625,735
| -46% | -$19.4M |
|
324
Construction Partners
ROAD
$6.77B
| $22.5M | 0.01% |
206,935
-68,140
| -25% | -$7.67M |
|
325
MasTec
MTZ
$21.9B
| $22.4M | 0.01% |
102,856
-146,403
| -59% | -$30.7M |
|
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.