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 | |
|---|---|---|---|---|---|---|
326
Enterprise Products Partners
EPD
$81.7B
| $22M | 0.01% |
687,096
-38,115
| -5% | -$1.21M |
|
327
Plains GP Holdings
PAGP
$4.9B
| $21.9M | 0.01% |
1,141,702
-63,335
| -5% | -$1.14M |
|
|
UMH
328
UMH Properties
UMH
$1.36B
| $21.6M | 0.01% |
1,355,600
-232,676
| -15% | -$3.49M |
|
329
Horizon Bancorp
HBNC
$1.04B
| $21.1M | 0.01% |
1,242,365
+509,775
| +70% | +$8.44M |
|
330
Credo Technology Group
CRDO
$46.6B
| $21.1M | 0.01% |
146,432
-3,315
| -2% | -$510K |
|
331
Warby Parker
WRBY
$3.27B
| $21M | 0.01% |
965,275
-1,021,921
| -51% | -$22.2M |
|
332
Vale
VALE
$62.6B
| $20.9M | 0.01% |
1,603,391
+568,637
| +55% | +$6.91M |
|
333
Corning
GLW
$143B
| $20.8M | 0.01% |
237,503
-2,386
| -1% | -$205K |
|
334
Crescent Energy
CRGY
$3.82B
| $20.5M | 0.01% |
2,444,182
-149,816
| -6% | -$1.32M |
|
335
Pinnacle West Capital
PNW
$12.2B
| $20.5M | 0.01% |
230,932
-121,073
| -34% | -$10.8M |
|
336
Repligen
RGEN
$9.25B
| $20.3M | 0.01% |
+123,600
| New | +$19.4M |
|
337
Zurn Elkay Water Solutions
ZWS
$8.53B
| $20M | 0.01% |
429,248
-448,912
| -51% | -$21.1M |
|
|
MOFG
338
DELISTED
MidWestOne Financial Group
MOFG
| $19.9M | 0.01% |
517,960
-912,051
| -64% | -$33.3M |
|
339
Vertex
VERX
$1.94B
| $19.8M | 0.01% |
991,820
+172,692
| +21% | +$3.74M |
|
340
Century Communities
CCS
$2.03B
| $19.8M | 0.01% |
333,045
-12,428
| -4% | -$756K |
|
341
Casella Waste Systems
CWST
$5.69B
| $19.6M | 0.01% |
200,455
-134,315
| -40% | -$12.5M |
|
342
Twist Bioscience
TWST
$7.25B
| $19.6M | 0.01% |
618,933
-15,667
| -2% | -$489K |
|
343
Cabaletta Bio
CABA
$455M
| $19.5M | 0.01% |
8,905,699
+408,162
| +5% | +$1.01M |
|
344
Zscaler
ZS
$27.3B
| $19.1M | 0.01% |
85,099
-30,289
| -26% | -$8.55M |
|
345
Coherent
COHR
$74.2B
| $19.1M | 0.01% |
103,661
-250,003
| -71% | -$37.4M |
|
346
Utz Brands
UTZ
$1.25B
| $19M | 0.01% |
1,830,224
-113,533
| -6% | -$1.22M |
|
347
Grab
GRAB
$14.9B
| $18.9M | 0.01% |
+3,791,286
| New | +$20.9M |
|
348
Martin Marietta Materials
MLM
$33B
| $18.6M | 0.01% |
+29,930
| New | +$18.6M |
|
|
LBRX
349
LB Pharmaceuticals
LBRX
$1.38B
| $18.3M | 0.01% |
821,852
+82,812
| +11% | +$1.45M |
|
350
Oneok
OKE
$54.5B
| $18.3M | 0.01% |
248,626
-13,705
| -5% | -$971K |
|
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.