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 | |
|---|---|---|---|---|---|---|
151
Agilent Technologies
A
$41.2B
| $82.5M | 0.05% |
606,316
+279,759
| +86% | +$40.2M |
|
|
PPL
152
PPL Corp
PPL
$26.7B
| $82.4M | 0.05% |
2,353,709
-1,355,026
| -37% | -$48.9M |
|
153
NRG Energy
NRG
$24.8B
| $81.3M | 0.05% |
510,565
+5,436
| +1% | +$899K |
|
154
ASML
ASML
$669B
| $81.2M | 0.05% |
75,928
+31,542
| +71% | +$32.9M |
|
155
Kirby Corp
KEX
$6.93B
| $80.9M | 0.05% |
733,882
-254,586
| -26% | -$25.9M |
|
156
Independence Realty Trust
IRT
$4.07B
| $80.5M | 0.05% |
4,603,487
-1,623,627
| -26% | -$26.9M |
|
157
Q2 Holdings
QTWO
$3.92B
| $79.1M | 0.05% |
1,096,783
-14,509
| -1% | -$996K |
|
|
WCC
158
WESCO International
WCC
$17.7B
| $77.8M | 0.05% |
317,866
-33,634
| -10% | -$8.25M |
|
159
3M
MMM
$94.3B
| $77.7M | 0.05% |
485,176
-172
| -0% | -$28.1K |
|
160
Kontoor Brands
KTB
$4.26B
| $74.2M | 0.04% |
1,214,831
+99,593
| +9% | +$7.39M |
|
161
Trinity Industries
TRN
$2.38B
| $73.7M | 0.04% |
2,788,236
-757,800
| -21% | -$20.6M |
|
162
Heritage Financial
HFWA
$1.21B
| $73.5M | 0.04% |
3,107,165
+27,143
| +0.9% | +$639K |
|
163
Hayward Holdings
HAYW
$3.36B
| $72.7M | 0.04% |
4,708,109
+103,290
| +2% | +$1.63M |
|
164
Caterpillar
CAT
$387B
| $70.4M | 0.04% |
122,936
-113,970
| -48% | -$63.3M |
|
165
Generac Holdings
GNRC
$12.5B
| $70.3M | 0.04% |
515,643
+227,494
| +79% | +$36.7M |
|
166
Cousins Properties
CUZ
$4.88B
| $68.7M | 0.04% |
2,665,996
+11,952
| +0.5% | +$311K |
|
167
RenaissanceRe
RNR
$13.4B
| $68.1M | 0.04% |
242,182
+1,537
| +0.6% | +$404K |
|
168
MakeMyTrip
MMYT
$5.64B
| $66.9M | 0.04% |
814,722
-1,046,882
| -56% | -$85.9M |
|
169
Camden Property Trust
CPT
$11.3B
| $66.4M | 0.04% |
602,857
-1,611
| -0.3% | -$168K |
|
170
Citigroup
C
$226B
| $65.9M | 0.04% |
564,595
+542,846
| +2,496% | +$56.4M |
|
171
Linde
LIN
$226B
| $65.7M | 0.04% |
153,975
-48,612
| -24% | -$20.8M |
|
172
Take-Two Interactive
TTWO
$46.1B
| $64.6M | 0.04% |
252,197
-776
| -0.3% | -$193K |
|
173
Moelis & Co
MC
$4.94B
| $64.3M | 0.04% |
935,531
+37,475
| +4% | +$2.5M |
|
|
KRMN
174
Karman Holdings
KRMN
$7.72B
| $63.7M | 0.04% |
871,147
+143,812
| +20% | +$10.4M |
|
175
Korn Ferry
KFY
$4.28B
| $63.2M | 0.04% |
956,648
-160,167
| -14% | -$10.8M |
|
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.