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 | |
|---|---|---|---|---|---|---|
476
California Resources
CRC
$4.62B
| $1.39M | ﹤0.01% |
31,154
+12,980
| +71% | +$616K |
|
477
Hasbro
HAS
$13.2B
| $1.39M | ﹤0.01% |
16,950
| – | – |
|
478
Equinix
EQIX
$103B
| $1.37M | ﹤0.01% |
1,787
+106
| +6% | +$83.1K |
|
479
Fabrinet
FN
$20.1B
| $1.36M | ﹤0.01% |
2,987
+935
| +46% | +$407K |
|
480
Hovnanian Enterprises
HOV
$807M
| $1.26M | ﹤0.01% |
12,950
+7,770
| +150% | +$916K |
|
481
LGI Homes
LGIH
$1.4B
| $1.24M | ﹤0.01% |
28,957
+10,695
| +59% | +$502K |
|
482
Trane Technologies
TT
$106B
| $1.17M | ﹤0.01% |
3,016
| – | – |
|
|
NVMI
483
Nova
NVMI
$12.5B
| $1.16M | ﹤0.01% |
3,546
-1,832
| -34% | -$589K |
|
484
Bloom Energy
BE
$64.6B
| $1.16M | ﹤0.01% |
13,319
+2,849
| +27% | +$299K |
|
485
CareTrust REIT
CTRE
$9.74B
| $1.16M | ﹤0.01% |
+31,968
| New | +$1.15M |
|
486
Enova International
ENVA
$6.29B
| $1.14M | ﹤0.01% |
+7,251
| New | +$944K |
|
487
Analog Devices
ADI
$190B
| $1.13M | ﹤0.01% |
4,166
+966
| +30% | +$243K |
|
488
Cheesecake Factory
CAKE
$5.33B
| $1.12M | ﹤0.01% |
+22,178
| New | +$1.11M |
|
489
Knowles
KN
$3.34B
| $1.12M | ﹤0.01% |
+52,101
| New | +$1.19M |
|
490
Rambus
RMBS
$11B
| $1.1M | ﹤0.01% |
11,972
+6,566
| +121% | +$646K |
|
491
Evertec
EVTC
$1.78B
| $1.09M | ﹤0.01% |
37,588
-18,475
| -33% | -$549K |
|
492
10x Genomics
TXG
$6.61B
| $1.09M | ﹤0.01% |
66,969
+21,162
| +46% | +$320K |
|
493
Southwest Gas
SWX
$6.67B
| $1.09M | ﹤0.01% |
+13,575
| New | +$1.09M |
|
494
ArcBest
ARCB
$3.08B
| $1.06M | ﹤0.01% |
14,313
-3,398
| -19% | -$242K |
|
495
Beazer Homes USA
BZH
$907M
| $1.04M | ﹤0.01% |
+51,268
| New | +$1.14M |
|
496
Integer Holdings
ITGR
$4.26B
| $1.04M | ﹤0.01% |
+13,208
| New | +$1.05M |
|
497
Nabors Industries
NBR
$1.21B
| $1.03M | ﹤0.01% |
+18,954
| New | +$924K |
|
|
FBRT
498
Franklin BSP Realty Trust
FBRT
$657M
| $1.01M | ﹤0.01% |
+100,931
| New | +$1.05M |
|
499
iShares Global 100 ETF
IOO
$9.25B
| $1.01M | ﹤0.01% |
+7,987
| New | +$993K |
|
500
Fluor
FLR
$7.96B
| $994K | ﹤0.01% |
25,071
+5,608
| +29% | +$248K |
|
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.