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 | |
|---|---|---|---|---|---|---|
|
PR
201
Permian Resources
PR
$16.9B
| $53.6M | 0.03% |
3,818,742
+105,396
| +3% | +$1.42M |
|
202
Woodward
WWD
$21.4B
| $52.3M | 0.03% |
172,861
-60,485
| -26% | -$16.6M |
|
203
Boot Barn
BOOT
$4.95B
| $52.3M | 0.03% |
296,093
+45,919
| +18% | +$8.57M |
|
204
Lifestance Health
LFST
$4.14B
| $52M | 0.03% |
7,385,413
-47,857
| -0.6% | -$289K |
|
205
Ero Copper
ERO
$3.58B
| $51.6M | 0.03% |
1,824,213
-343,511
| -16% | -$8M |
|
206
Urban Edge Properties
UE
$2.73B
| $51.1M | 0.03% |
2,662,054
+95,007
| +4% | +$1.84M |
|
207
Roivant Sciences
ROIV
$26.2B
| $51.1M | 0.03% |
+2,353,386
| New | +$46.4M |
|
208
EQT Corp
EQT
$32.3B
| $51M | 0.03% |
951,774
-53,764
| -5% | -$3.02M |
|
|
GLDD
209
DELISTED
Great Lakes Dredge & Dock
GLDD
| $49.9M | 0.03% |
3,806,504
-467,764
| -11% | -$5.76M |
|
210
Solventum
SOLV
$14.1B
| $49.6M | 0.03% |
625,764
+67,227
| +12% | +$5.15M |
|
211
GE HealthCare
GEHC
$32.4B
| $47.9M | 0.03% |
583,585
-891,362
| -60% | -$69.5M |
|
212
Teva Pharmaceuticals
TEVA
$41.2B
| $47.9M | 0.03% |
+1,533,371
| New | +$37.8M |
|
213
Universal Display
OLED
$4.19B
| $47.8M | 0.03% |
409,678
-13,475
| -3% | -$1.75M |
|
214
Shake Shack
SHAK
$2.87B
| $47.8M | 0.03% |
588,325
+25,552
| +5% | +$2.25M |
|
215
Semtech
SMTC
$13B
| $47.4M | 0.03% |
643,828
+242,649
| +60% | +$17.2M |
|
216
BWX Technologies
BWXT
$15.6B
| $47M | 0.03% |
272,132
+120,409
| +79% | +$22.6M |
|
217
First Interstate BancSystem
FIBK
$3.58B
| $46.9M | 0.03% |
1,356,333
-272,789
| -17% | -$8.93M |
|
218
ACV Auctions
ACVA
$1.3B
| $46.2M | 0.03% |
5,766,578
+87,959
| +2% | +$712K |
|
219
Agnico Eagle Mines
AEM
$90.5B
| $46.2M | 0.03% |
272,648
-35,370
| -11% | -$5.95M |
|
|
SION
220
Sionna Therapeutics
SION
$2.31B
| $45.9M | 0.03% |
1,115,278
+117,903
| +12% | +$4.47M |
|
221
DTE Energy
DTE
$29.1B
| $45.8M | 0.03% |
355,298
-157,535
| -31% | -$21.4M |
|
222
Pinterest
PINS
$13.4B
| $45.8M | 0.03% |
1,768,597
-2,099,272
| -54% | -$60.4M |
|
223
Mineralys Therapeutics
MLYS
$2.41B
| $45.7M | 0.03% |
1,258,653
+882,307
| +234% | +$35.4M |
|
224
C.H. Robinson
CHRW
$17.5B
| $45.4M | 0.03% |
282,431
+24,893
| +10% | +$3.68M |
|
225
McDonald's
MCD
$195B
| $45.3M | 0.03% |
148,145
-23,951
| -14% | -$7.34M |
|
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.