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 | |
|---|---|---|---|---|---|---|
626
Portillo's
PTLO
$321M
| – | – |
-112,084
| Closed | -$723K |
|
627
Saia
SAIA
$9.72B
| – | – |
-37,034
| Closed | -$11.1M |
|
|
SLNO
628
DELISTED
Soleno Therapeutics
SLNO
| – | – |
-349,071
| Closed | -$23.6M |
|
629
Synopsys
SNPS
$79.7B
| – | – |
-17,371
| Closed | -$8.57M |
|
630
Sprout Social
SPT
$621M
| – | – |
-1,645,017
| Closed | -$21.3M |
|
631
Sportradar
SRAD
$3.85B
| – | – |
-16,546
| Closed | -$445K |
|
632
Tidewater
TDW
$4.12B
| – | – |
-10,306
| Closed | -$550K |
|
633
Tecnoglass Holdings Inc.
TGLS
$1.96B
| – | – |
-11,522
| Closed | -$771K |
|
|
TPH
634
DELISTED
Tri Pointe Homes
TPH
| – | – |
-63,070
| Closed | -$2.14M |
|
635
Trade Desk
TTD
$6.49B
| – | – |
-96,592
| Closed | -$4.73M |
|
636
Texas Roadhouse
TXRH
$13.7B
| – | – |
-194,956
| Closed | -$32.4M |
|
637
Upstart Holdings
UPST
$3.03B
| – | – |
-8,129
| Closed | -$413K |
|
638
Upwork
UPWK
$1.19B
| – | – |
-27,394
| Closed | -$509K |
|
639
Western Alliance Bancorporation
WAL
$8.87B
| – | – |
-344,540
| Closed | -$29.9M |
|
640
Wingstop
WING
$3.18B
| – | – |
-844
| Closed | -$212K |
|
641
Waste Management
WM
$91B
| – | – |
-2,509
| Closed | -$554K |
|
|
XHR
642
Xenia Hotels & Resorts
XHR
$1.79B
| – | – |
-72,854
| Closed | -$1,000K |
|
643
Yelp
YELP
$1.41B
| – | – |
-19,205
| Closed | -$599K |
|
644
Zillow
ZG
$7.63B
| – | – |
-15,556
| Closed | -$1.16M |
|
|
NBIS
645
Nebius Group N.V.
NBIS
$47.7B
| – | – |
-4,865
| Closed | -$546K |
|
|
NPKI
646
NPK International
NPKI
$1.14B
| – | – |
-85,001
| Closed | -$961K |
|
|
AHL
647
DELISTED
Aspen Insurance
AHL
| – | – |
-13,979
| Closed | -$513K |
|
|
MNTN
648
MNTN Inc
MNTN
$821M
| – | – |
-28,885
| Closed | -$536K |
|
|
OMDA
649
Omada Health Inc
OMDA
$1.41B
| – | – |
-357,386
| Closed | -$7.9M |
|
|
CAI
650
Caris Life Sciences
CAI
$6.43B
| – | – |
-84,459
| Closed | -$2.55M |
|
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.