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 | |
|---|---|---|---|---|---|---|
451
Comfort Systems
FIX
$59.6B
| $1.98M | ﹤0.01% |
2,118
-61,443
| -97% | -$56.7M |
|
452
Digital Realty Trust
DLR
$71.7B
| $1.89M | ﹤0.01% |
12,190
+491
| +4% | +$80.6K |
|
453
SITE Centers
SITC
$165M
| $1.88M | ﹤0.01% |
293,532
+122,609
| +72% | +$927K |
|
|
EFC
454
Ellington Financial
EFC
$1.71B
| $1.88M | ﹤0.01% |
138,517
+54,051
| +64% | +$735K |
|
455
State Street Energy Select Sector SPDR ETF
XLE
$37.7B
| $1.87M | ﹤0.01% |
41,750
-73,838
| -64% | -$3.29M |
|
456
Norfolk Southern
NSC
$75.1B
| $1.8M | ﹤0.01% |
6,230
-2,129
| -25% | -$616K |
|
457
Skywest
SKYW
$4.34B
| $1.76M | ﹤0.01% |
17,517
+6,385
| +57% | +$639K |
|
458
Crown Castle
CCI
$32.2B
| $1.75M | ﹤0.01% |
19,732
+1,217
| +7% | +$112K |
|
459
Terreno Realty
TRNO
$7.49B
| $1.73M | ﹤0.01% |
+29,462
| New | +$1.77M |
|
460
Central Garden & Pet Co Class A
CENTA
$2.44B
| $1.71M | ﹤0.01% |
58,573
+31,708
| +118% | +$917K |
|
461
Advanced Energy
AEIS
$13B
| $1.66M | ﹤0.01% |
+7,952
| New | +$1.62M |
|
462
Hecla Mining
HL
$11.3B
| $1.61M | ﹤0.01% |
83,824
+35,813
| +75% | +$547K |
|
463
Sanmina
SANM
$10.9B
| $1.6M | ﹤0.01% |
10,687
-213
| -2% | -$31.4K |
|
464
HNI Corp
HNI
$3.59B
| $1.59M | ﹤0.01% |
37,843
+17,336
| +85% | +$732K |
|
|
USAR
465
USA Rare Earth Inc
USAR
$4.73B
| $1.59M | ﹤0.01% |
+133,267
| New | +$2.54M |
|
466
Interface
TILE
$2.22B
| $1.57M | ﹤0.01% |
56,248
+5,952
| +12% | +$162K |
|
467
TKO Group
TKO
$13.6B
| $1.53M | ﹤0.01% |
7,303
-30
| -0.4% | -$5.83K |
|
468
Starbucks
SBUX
$120B
| $1.5M | ﹤0.01% |
17,821
-893
| -5% | -$75.3K |
|
469
WisdomTree India Earnings Fund ETF
EPI
$2.06B
| $1.5M | ﹤0.01% |
32,336
| – | – |
|
470
Coeur Mining
CDE
$17.9B
| $1.48M | ﹤0.01% |
83,155
+36,690
| +79% | +$638K |
|
471
ESCO Technologies
ESE
$7.92B
| $1.44M | ﹤0.01% |
7,370
-30
| -0.4% | -$6.32K |
|
472
SunCoke Energy
SXC
$797M
| $1.44M | ﹤0.01% |
199,423
+58,773
| +42% | +$433K |
|
473
Worthington Steel
WS
$1.95B
| $1.43M | ﹤0.01% |
41,277
+17,082
| +71% | +$562K |
|
474
Reddit
RDDT
$31.1B
| $1.41M | ﹤0.01% |
6,116
+1
| +0% | +$210 |
|
475
Curtiss-Wright
CW
$25.5B
| $1.39M | ﹤0.01% |
2,528
-103,543
| -98% | -$57.8M |
|
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.