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 | |
|---|---|---|---|---|---|---|
426
Vanguard FTSE Developed Markets ETF
VEA
$236B
| $4.76M | ﹤0.01% |
76,275
+67,758
| +796% | +$4.15M |
|
427
American Express
AXP
$230B
| $4.74M | ﹤0.01% |
12,820
+8,094
| +171% | +$2.9M |
|
428
iShares Russell 2000 ETF
IWM
$83B
| $4.73M | ﹤0.01% |
+19,201
| New | +$4.72M |
|
429
Air Products & Chemicals
APD
$67.6B
| $4.61M | ﹤0.01% |
18,649
-182
| -1% | -$46.1K |
|
430
Airbnb
ABNB
$107B
| $4.57M | ﹤0.01% |
33,644
-574,221
| -94% | -$71.5M |
|
|
WLTH
431
Wealthfront Corp
WLTH
$1.45B
| $4.4M | ﹤0.01% |
+323,476
| New | +$4.29M |
|
432
Home Depot
HD
$355B
| $4.2M | ﹤0.01% |
12,217
+182
| +2% | +$66.7K |
|
433
iShares MSCI India ETF
INDA
$6.63B
| $4.06M | ﹤0.01% |
75,050
-11,951
| -14% | -$644K |
|
434
CSX Corp
CSX
$93.1B
| $3.59M | ﹤0.01% |
99,032
+28,215
| +40% | +$1.01M |
|
|
GRDN
435
Guardian Pharmacy Services
GRDN
$2.78B
| $3.49M | ﹤0.01% |
+115,961
| New | +$3.28M |
|
|
BA.PRA
436
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.27B
| $3.45M | ﹤0.01% |
50,000
| – | – |
|
437
Lifezone Metals
LZM
$370M
| $3.31M | ﹤0.01% |
775,168
| – | – |
|
438
Centrus Energy
LEU
$3.82B
| $3.17M | ﹤0.01% |
13,077
-1,741
| -12% | -$526K |
|
|
VIA
439
Via Transportation Inc
VIA
$1.81B
| $2.94M | ﹤0.01% |
101,336
-6,409
| -6% | -$265K |
|
|
TE
440
T1 Energy
TE
$1.63B
| $2.64M | ﹤0.01% |
+394,757
| New | +$1.74M |
|
441
Ross Stores
ROST
$81.9B
| $2.43M | ﹤0.01% |
13,469
+11,650
| +640% | +$1.94M |
|
442
CNO Financial Group
CNO
$5.1B
| $2.36M | ﹤0.01% |
55,502
-2,101
| -4% | -$85.6K |
|
|
WCN
443
Waste Connections
WCN
$42B
| $2.33M | ﹤0.01% |
13,296
+1,023
| +8% | +$177K |
|
444
McGrath RentCorp
MGRC
$2.92B
| $2.14M | ﹤0.01% |
20,424
+3,691
| +22% | +$400K |
|
445
Four Corners Property Trust
FCPT
$2.75B
| $2.13M | ﹤0.01% |
92,480
+5,502
| +6% | +$131K |
|
446
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.3B
| $2.13M | ﹤0.01% |
3,528
+3,071
| +672% | +$1.84M |
|
447
Oceaneering
OII
$4.77B
| $2.11M | ﹤0.01% |
87,910
+7,006
| +9% | +$169K |
|
448
COPT Defense Properties
CDP
$4.21B
| $2.06M | ﹤0.01% |
+74,022
| New | +$2.13M |
|
449
Artisan Partners
APAM
$3.02B
| $1.99M | ﹤0.01% |
48,780
+18,959
| +64% | +$809K |
|
450
Canadian Pacific Kansas City
CP
$80.5B
| $1.98M | ﹤0.01% |
+26,929
| New | +$1.98M |
|
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.