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 | |
|---|---|---|---|---|---|---|
176
Flywire
FLYW
$2.16B
| $62.6M | 0.04% |
4,420,633
+1,150,802
| +35% | +$15.8M |
|
177
Southern Copper
SCCO
$166B
| $60.9M | 0.04% |
432,057
+6,815
| +2% | +$902K |
|
178
Nordson
NDSN
$17.3B
| $60.7M | 0.04% |
252,353
+212,876
| +539% | +$50M |
|
179
MACOM Technology Solutions
MTSI
$23.7B
| $60.4M | 0.04% |
352,650
+8,906
| +3% | +$1.41M |
|
180
Crown Holdings
CCK
$13.1B
| $60M | 0.04% |
582,375
-856,743
| -60% | -$83.5M |
|
181
Chesapeake Utilities
CPK
$3.21B
| $59.8M | 0.04% |
479,181
-50,125
| -9% | -$6.61M |
|
182
Crinetics Pharmaceuticals
CRNX
$8.92B
| $59.7M | 0.04% |
1,281,601
-763,133
| -37% | -$34M |
|
183
Encompass Health
EHC
$12.4B
| $59.5M | 0.04% |
560,779
-333,732
| -37% | -$38.7M |
|
184
Elanco Animal Health
ELAN
$11.1B
| $59.4M | 0.04% |
2,626,449
-1,347,898
| -34% | -$29.3M |
|
185
Atmos Energy
ATO
$28.8B
| $59.2M | 0.04% |
353,048
-7,517
| -2% | -$1.3M |
|
186
Cencora
COR
$61.2B
| $58.8M | 0.04% |
174,003
+4,174
| +2% | +$1.42M |
|
187
Shift4
FOUR
$3.26B
| $58.3M | 0.04% |
925,232
-1,130,824
| -55% | -$79.9M |
|
188
Expro Ltd
XPRO
$1.91B
| $58.2M | 0.03% |
+4,356,921
| New | +$58.7M |
|
189
American Electric Power
AEP
$68.4B
| $58.1M | 0.03% |
503,728
-10,521
| -2% | -$1.24M |
|
190
Celsius Holdings
CELH
$7.03B
| $58M | 0.03% |
1,268,194
+314,762
| +33% | +$15.9M |
|
191
AvePoint
AVPT
$2.71B
| $58M | 0.03% |
4,173,280
+417,625
| +11% | +$5.77M |
|
192
Xenon Pharmaceuticals
XENE
$6.12B
| $57.9M | 0.03% |
1,292,055
+156,820
| +14% | +$6.59M |
|
193
Domino's
DPZ
$11.6B
| $57.4M | 0.03% |
137,603
+408
| +0.3% | +$170K |
|
|
MRX
194
Marex Group Limited Ordinary Shares
MRX
$4.37B
| $56.6M | 0.03% |
1,475,255
+21,477
| +1% | +$731K |
|
195
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $56.2M | 0.03% |
837,174
+716,382
| +593% | +$47.5M |
|
196
Monolithic Power Systems
MPWR
$68.9B
| $56M | 0.03% |
61,828
+7,873
| +15% | +$7.58M |
|
197
Element Solutions
ESI
$9.23B
| $54.5M | 0.03% |
2,179,035
+798,017
| +58% | +$20.7M |
|
198
Verizon
VZ
$196B
| $54.2M | 0.03% |
1,331,412
+282,522
| +27% | +$11.5M |
|
199
Dominion Energy
D
$59.3B
| $54M | 0.03% |
922,445
-190,829
| -17% | -$11.5M |
|
200
Quanta Services
PWR
$101B
| $53.9M | 0.03% |
127,760
+12,290
| +11% | +$5.4M |
|
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.