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 | |
|---|---|---|---|---|---|---|
526
The Ensign Group
ENSG
$10.7B
| $792K | ﹤0.01% |
+4,548
| New | +$817K |
|
527
iShares North American Natural Resources ETF
IGE
$758M
| $790K | ﹤0.01% |
15,735
+10,272
| +188% | +$504K |
|
528
Embecta
EMBC
$262M
| $786K | ﹤0.01% |
66,124
+2,930
| +5% | +$38.6K |
|
529
Loar Holdings
LOAR
$6.64B
| $775K | ﹤0.01% |
11,390
-47
| -0.4% | -$3.43K |
|
530
Sally Beauty Holdings
SBH
$1.58B
| $772K | ﹤0.01% |
+54,155
| New | +$816K |
|
531
Pediatrix Medical
MD
$2.2B
| $768K | ﹤0.01% |
+35,896
| New | +$736K |
|
532
Garrett Motion
GTX
$5.57B
| $765K | ﹤0.01% |
43,899
-12,245
| -22% | -$195K |
|
533
TripAdvisor
TRIP
$1.26B
| $738K | ﹤0.01% |
+50,673
| New | +$771K |
|
534
Planet Labs
PL
$8.53B
| $731K | ﹤0.01% |
37,044
-27,209
| -42% | -$390K |
|
|
DFTX
535
Definium Therapeutics
DFTX
$6.12B
| $720K | ﹤0.01% |
+53,785
| New | +$666K |
|
536
SPX Corp
SPXC
$10.8B
| $719K | ﹤0.01% |
+3,592
| New | +$733K |
|
537
Outfront Media
OUT
$5.5B
| $715K | ﹤0.01% |
+29,669
| New | +$618K |
|
538
Appian
APPN
$2.48B
| $713K | ﹤0.01% |
+20,141
| New | +$717K |
|
539
Teladoc Health
TDOC
$1.3B
| $703K | ﹤0.01% |
100,360
+16,058
| +19% | +$126K |
|
540
Willis Lease Finance
WLFC
$1.29B
| $699K | ﹤0.01% |
15,459
+705
| +5% | +$30.4K |
|
541
Indivior Pharmaceuticals
INDV
$4.58B
| $685K | ﹤0.01% |
+19,081
| New | +$583K |
|
|
MFA
542
MFA Financial
MFA
$933M
| $678K | ﹤0.01% |
+72,855
| New | +$679K |
|
543
Riot Platforms
RIOT
$7.76B
| $673K | ﹤0.01% |
53,116
+13,596
| +34% | +$233K |
|
544
StoneX
SNEX
$7.94B
| $663K | ﹤0.01% |
15,687
-65
| -0.4% | -$2.72K |
|
545
Belden
BDC
$5.19B
| $631K | ﹤0.01% |
+5,410
| New | +$631K |
|
546
LXP Industrial Trust
LXP
$3.57B
| $615K | ﹤0.01% |
12,399
-6,486
| -34% | -$311K |
|
547
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $610K | ﹤0.01% |
+19,394
| New | +$611K |
|
548
Affirm
AFRM
$25.2B
| $607K | ﹤0.01% |
8,151
+1,414
| +21% | +$102K |
|
549
Sterling Infrastructure
STRL
$16.7B
| $595K | ﹤0.01% |
1,943
-698
| -26% | -$240K |
|
550
Archrock
AROC
$5.8B
| $589K | ﹤0.01% |
22,637
-25,644
| -53% | -$638K |
|
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.