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 | |
|---|---|---|---|---|---|---|
126
Onto Innovation
ONTO
$15.3B
| $107M | 0.06% |
680,822
+631,965
| +1,293% | +$89.8M |
|
127
Gates Industrial Corporation Ltd.
GTES
$7.15B
| $106M | 0.06% |
4,956,867
+20,986
| +0.4% | +$484K |
|
128
Exelon
EXC
$47B
| $106M | 0.06% |
2,440,833
-46,329
| -2% | -$2.11M |
|
129
Evergy
EVRG
$19.2B
| $105M | 0.06% |
1,452,966
-178,566
| -11% | -$13.5M |
|
|
TLN
130
Talen Energy Corp
TLN
$16.7B
| $105M | 0.06% |
278,902
-2,757
| -1% | -$1.07M |
|
131
Houlihan Lokey
HLI
$9.02B
| $102M | 0.06% |
587,767
-1,326
| -0.2% | -$243K |
|
132
Huron Consulting
HURN
$2.42B
| $102M | 0.06% |
587,755
+6,810
| +1% | +$1.11M |
|
133
Dorman Products
DORM
$4.18B
| $100M | 0.06% |
813,781
+147,233
| +22% | +$19.9M |
|
134
Unilever
UL
$136B
| $99.3M | 0.06% |
1,518,969
-968,032
| -39% | -$65.1M |
|
135
Hexcel
HXL
$7.82B
| $98.7M | 0.06% |
1,335,002
+623,032
| +88% | +$44M |
|
|
EXE
136
Expand Energy Corp
EXE
$21.5B
| $98.5M | 0.06% |
892,935
+402,618
| +82% | +$44.6M |
|
137
Rhythm Pharmaceuticals
RYTM
$7.96B
| $98.3M | 0.06% |
918,567
+507,017
| +123% | +$53.8M |
|
138
Eastern Bankshares
EBC
$5.23B
| $97.9M | 0.06% |
5,311,122
+992,160
| +23% | +$18.2M |
|
139
Insmed
INSM
$28.6B
| $97.9M | 0.06% |
562,296
-40,479
| -7% | -$7.39M |
|
140
Veeva Systems
VEEV
$37.4B
| $92.4M | 0.06% |
413,826
+44,368
| +12% | +$11.8M |
|
141
Parker-Hannifin
PH
$135B
| $91.3M | 0.05% |
103,831
-211,902
| -67% | -$173M |
|
142
AT&T
T
$163B
| $91.2M | 0.05% |
3,670,242
-49,028
| -1% | -$1.24M |
|
|
AAMI
143
Acadian Asset Management
AAMI
$3.19B
| $89.7M | 0.05% |
1,909,222
+179,380
| +10% | +$8.27M |
|
144
TechnipFMC
FTI
$27.3B
| $89.6M | 0.05% |
2,011,177
-190,735
| -9% | -$8.05M |
|
145
Rockwell Automation
ROK
$49B
| $88.9M | 0.05% |
228,406
-34,321
| -13% | -$12.9M |
|
146
RBC Bearings
RBC
$18B
| $86.5M | 0.05% |
192,945
+16,023
| +9% | +$6.79M |
|
147
Xylem
XYL
$28.1B
| $86.3M | 0.05% |
633,648
+448,148
| +242% | +$64.5M |
|
|
LADR
148
Ladder Capital
LADR
$1.24B
| $85M | 0.05% |
7,736,681
-161,629
| -2% | -$1.76M |
|
149
Intapp
INTA
$2.91B
| $83.9M | 0.05% |
1,831,625
+65,174
| +4% | +$2.7M |
|
150
Johnson Controls International
JCI
$92.2B
| $82.6M | 0.05% |
689,441
-1,351,393
| -66% | -$155M |
|
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.