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 | |
|---|---|---|---|---|---|---|
501
Stride
LRN
$3.43B
| $988K | ﹤0.01% |
+15,216
| New | +$1.38M |
|
|
DX
502
Dynex Capital
DX
$3.21B
| $987K | ﹤0.01% |
+70,482
| New | +$951K |
|
503
Amneal Pharmaceuticals
AMRX
$5.79B
| $975K | ﹤0.01% |
+77,401
| New | +$886K |
|
504
Haemonetics
HAE
$4B
| $970K | ﹤0.01% |
12,103
+1,290
| +12% | +$86.7K |
|
505
Celestica
CLS
$36.5B
| $967K | ﹤0.01% |
3,271
+1,555
| +91% | +$469K |
|
506
DigitalOcean
DOCN
$14.6B
| $964K | ﹤0.01% |
20,037
-12,991
| -39% | -$572K |
|
507
GCM Grosvenor
GCMG
$820M
| $964K | ﹤0.01% |
+85,159
| New | +$973K |
|
508
Hillman Solutions
HLMN
$1.79B
| $950K | ﹤0.01% |
+109,694
| New | +$988K |
|
509
Liberty Media Series C
FWONK
$25.8B
| $949K | ﹤0.01% |
+9,631
| New | +$945K |
|
510
Liberty Energy
LBRT
$3.25B
| $945K | ﹤0.01% |
51,175
-33,425
| -40% | -$558K |
|
511
Innoviva
INVA
$1.48B
| $928K | ﹤0.01% |
+46,403
| New | +$906K |
|
512
Eaton
ETN
$174B
| $924K | ﹤0.01% |
2,901
-3
| -0.1% | -$1.06K |
|
513
AZZ Inc
AZZ
$4.54B
| $917K | ﹤0.01% |
8,559
+3,438
| +67% | +$356K |
|
514
Photronics
PLAB
$1.93B
| $914K | ﹤0.01% |
+28,560
| New | +$737K |
|
515
Valaris
VAL
$5.47B
| $908K | ﹤0.01% |
+18,019
| New | +$967K |
|
516
Portland General Electric
POR
$5.77B
| $897K | ﹤0.01% |
+18,687
| New | +$883K |
|
517
Primoris Services
PRIM
$4.45B
| $871K | ﹤0.01% |
7,013
-2,830
| -29% | -$370K |
|
518
Ethan Allen Interiors
ETD
$603M
| $867K | ﹤0.01% |
37,955
+14,701
| +63% | +$367K |
|
519
American Eagle Outfitters
AEO
$3.01B
| $864K | ﹤0.01% |
+32,754
| New | +$647K |
|
|
BORR
520
Borr Drilling
BORR
$1.19B
| $856K | ﹤0.01% |
+212,364
| New | +$704K |
|
521
Urban Outfitters
URBN
$6.59B
| $852K | ﹤0.01% |
+11,317
| New | +$801K |
|
|
HTO
522
H2O America
HTO
$2.62B
| $844K | ﹤0.01% |
+17,235
| New | +$826K |
|
523
Meritage Homes
MTH
$4.86B
| $835K | ﹤0.01% |
+12,694
| New | +$879K |
|
524
Klaviyo
KVYO
$4.73B
| $830K | ﹤0.01% |
25,559
-107
| -0.4% | -$3K |
|
525
Installed Building Products
IBP
$6.49B
| $805K | ﹤0.01% |
3,105
+746
| +32% | +$193K |
|
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.