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 | |
|---|---|---|---|---|---|---|
401
State Street SPDR S&P Metals & Mining ETF
XME
$4.42B
| $8.57M | 0.01% |
82,708
-783
| -0.9% | -$77.4K |
|
402
SLB Ltd
SLB
$75B
| $8.55M | 0.01% |
+222,689
| New | +$8.07M |
|
403
Atlantic Union Bankshares
AUB
$5.97B
| $8.41M | 0.01% |
238,208
-394,371
| -62% | -$13.6M |
|
404
Herc Holdings
HRI
$5.61B
| $8.29M | 0.01% |
+55,864
| New | +$7.66M |
|
|
BRCB
405
Black Rock Coffee Bar Inc
BRCB
$159M
| $8.12M | ﹤0.01% |
365,114
-217,613
| -37% | -$5.05M |
|
|
FLY
406
Firefly Aerospace
FLY
$4.39B
| $7.98M | ﹤0.01% |
356,692
+20,359
| +6% | +$471K |
|
407
Alibaba
BABA
$308B
| $7.95M | ﹤0.01% |
54,235
+5,760
| +12% | +$938K |
|
|
UPB
408
Upstream Bio Inc
UPB
$395M
| $7.84M | ﹤0.01% |
+288,847
| New | +$7.19M |
|
409
Salesforce
CRM
$158B
| $7.8M | ﹤0.01% |
29,447
-290,640
| -91% | -$72.2M |
|
410
Coca-Cola
KO
$375B
| $7.67M | ﹤0.01% |
109,645
+8,566
| +8% | +$597K |
|
411
Marcus & Millichap
MMI
$1.19B
| $7.66M | ﹤0.01% |
280,730
-5,399
| -2% | -$156K |
|
412
Progressive
PGR
$125B
| $7.58M | ﹤0.01% |
33,268
-22,865
| -41% | -$5.16M |
|
413
Canadian National Railway
CNI
$76.6B
| $7.24M | ﹤0.01% |
73,290
-796
| -1% | -$76.5K |
|
414
Nextpower Inc
NXT
$15.7B
| $6.95M | ﹤0.01% |
79,777
+15,916
| +25% | +$1.44M |
|
415
Moody's
MCO
$82.7B
| $6.81M | ﹤0.01% |
13,335
-3,373
| -20% | -$1.65M |
|
416
Vanguard Total World Stock ETF
VT
$79.8B
| $6.81M | ﹤0.01% |
48,281
+42,918
| +800% | +$6M |
|
417
The Mosaic Company
MOS
$7.33B
| $6.45M | ﹤0.01% |
267,722
+23,297
| +10% | +$627K |
|
|
WBI
418
WaterBridge Infrastructure LLC
WBI
$1.5B
| $6.14M | ﹤0.01% |
306,677
+38,011
| +14% | +$882K |
|
419
Vanguard Morningstar Growth ETF
VUG
$231B
| $5.94M | ﹤0.01% |
73,086
+56,370
| +337% | +$4.57M |
|
420
Microchip Technology
MCHP
$46B
| $5.93M | ﹤0.01% |
+93,011
| New | +$5.74M |
|
|
KMTS
421
Kestra Medical Technologies
KMTS
$1.55B
| $5.82M | ﹤0.01% |
219,355
+28,573
| +15% | +$736K |
|
422
Albemarle
ALB
$15.5B
| $5.79M | ﹤0.01% |
+40,933
| New | +$4.65M |
|
423
FIGS
FIGS
$2.37B
| $5.72M | ﹤0.01% |
+503,279
| New | +$4.71M |
|
424
Hudbay
HBM
$12.3B
| $4.95M | ﹤0.01% |
249,345
-24,526
| -9% | -$415K |
|
425
HubSpot
HUBS
$10.5B
| $4.94M | ﹤0.01% |
12,310
-408,969
| -97% | -$169M |
|
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.