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 | |
|---|---|---|---|---|---|---|
551
Hims & Hers Health
HIMS
$7.31B
| $583K | ﹤0.01% |
17,960
+4,276
| +31% | +$183K |
|
552
iShares MSCI EAFE ETF
EFA
$80.2B
| $573K | ﹤0.01% |
+5,972
| New | +$566K |
|
553
Enpro
NPO
$7.05B
| $570K | ﹤0.01% |
+2,664
| New | +$589K |
|
554
Kohl's
KSS
$2.19B
| $567K | ﹤0.01% |
+27,783
| New | +$521K |
|
|
OKLO
555
Oklo
OKLO
$8.42B
| $565K | ﹤0.01% |
7,877
-296
| -4% | -$33K |
|
556
IonQ
IONQ
$16.6B
| $555K | ﹤0.01% |
12,378
+373
| +3% | +$20.9K |
|
557
Itron
ITRI
$4.54B
| $546K | ﹤0.01% |
5,885
| – | – |
|
558
Marathon Digital Holdings
MARA
$3.9B
| $521K | ﹤0.01% |
58,055
+13,793
| +31% | +$204K |
|
|
GTLS
559
DELISTED
Chart Industries
GTLS
| $503K | ﹤0.01% |
2,438
-2,647
| -52% | -$536K |
|
560
Magnolia Oil & Gas
MGY
$5.94B
| $499K | ﹤0.01% |
22,806
-1,069
| -4% | -$24.3K |
|
|
NEE.PRT
561
NextEra Energy 7.234% Corporate Units
NEE.PRT
$1.45B
| $491K | ﹤0.01% |
10,076
| – | – |
|
562
Hubbell
HUBB
$27.2B
| $487K | ﹤0.01% |
1,097
| – | – |
|
563
Phillips Edison & Co
PECO
$5.24B
| $448K | ﹤0.01% |
+12,599
| New | +$437K |
|
564
Astera Labs
ALAB
$58B
| $438K | ﹤0.01% |
2,630
-4,607
| -64% | -$771K |
|
565
iShares S&P 500 Growth ETF
IVW
$77.6B
| $404K | ﹤0.01% |
+3,276
| New | +$401K |
|
566
Adobe
ADBE
$105B
| $378K | ﹤0.01% |
1,080
-188
| -15% | -$63.9K |
|
567
Hershey
HSY
$36.6B
| $373K | ﹤0.01% |
2,047
| – | – |
|
568
D-Wave Quantum Inc. Common Stock
QBTS
$7.73B
| $372K | ﹤0.01% |
+14,226
| New | +$414K |
|
569
Marriott International
MAR
$92.3B
| $357K | ﹤0.01% |
1,151
-14
| -1% | -$4K |
|
570
Genius Sports
GENI
$2.11B
| $318K | ﹤0.01% |
28,826
-30,750
| -52% | -$335K |
|
571
Darling Ingredients
DAR
$9.44B
| $308K | ﹤0.01% |
8,542
-30
| -0.3% | -$1.02K |
|
572
BCE
BCE
$21.2B
| $280K | ﹤0.01% |
11,748
-145
| -1% | -$3.38K |
|
573
Arm
ARM
$302B
| $246K | ﹤0.01% |
2,253
-1,102
| -33% | -$160K |
|
574
Starwood Property Trust
STWD
$6.09B
| $205K | ﹤0.01% |
11,370
-361
| -3% | -$6.64K |
|
575
Asbury Automotive
ABG
$3.85B
| – | – |
-2,509
| Closed | -$613K |
|
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.