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 |
SpaceX
SPCX
|
+$1.27B |
| 2 |
Sandisk
SNDK
|
+$674M |
| 3 |
Credo Technology Group
CRDO
|
+$476M |
| 4 |
Nebius Group N.V.
NBIS
|
+$452M |
| 5 |
Vertiv
VRT
|
+$420M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.98B |
| 2 |
Amazon
AMZN
|
+$1.25B |
| 3 |
Shopify
SHOP
|
+$1.08B |
| 4 |
Edwards Lifesciences
EW
|
+$1.07B |
| 5 |
Microsoft
MSFT
|
+$630M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 43.11% |
| 2 | Communication Services | 13.94% |
| 3 | Consumer Discretionary | 10.64% |
| 4 | Industrials | 9.08% |
| 5 | Healthcare | 8.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.26T
| $12.9B | 7.72% |
64,347,295
-9,630,791
| -13% | -$1.98B |
2016 Q1
41 quarters
|
|
2
Apple
AAPL
$5.04T
| $9.49B | 5.69% |
32,780,769
-808,722
| -2% | -$231M |
2013 Q2
52 quarters
|
|
|
3
Amazon
AMZN
$2.8T
| $8.71B | 5.22% |
36,528,921
-4,978,637
| -12% | -$1.25B |
2013 Q2
52 quarters
|
|
4
Broadcom
AVGO
$1.61T
| $8.09B | 4.85% |
21,406,143
-1,376,949
| -6% | -$552M |
2016 Q1
41 quarters
|
|
5
Alphabet (Google) Class A
GOOGL
$4.22T
| $6.72B | 4.03% |
18,809,377
-1,046,633
| -5% | -$377M |
2015 Q4
42 quarters
|
|
6
Eli Lilly
LLY
$1.12T
| $6.55B | 3.93% |
5,461,416
+400,538
| +8% | +$409M |
2014 Q4
46 quarters
|
|
|
7
Microsoft
MSFT
$3.96T
| $6.09B | 3.65% |
16,326,489
-1,557,071
| -9% | -$630M |
2013 Q2
52 quarters
|
|
8
Advanced Micro Devices
AMD
$892B
| $5.79B | 3.47% |
9,972,952
+545,575
| +6% | +$224M |
2025 Q3
3 quarters
|
|
9
TSMC
TSM
$2.19T
| $5.1B | 3.06% |
10,687,770
-1,334,055
| -11% | -$541M |
2023 Q1
13 quarters
|
|
10
Alphabet (Google) Class C
GOOG
$4.18T
| $4.95B | 2.97% |
14,012,220
-303,257
| -2% | -$108M |
2013 Q2
52 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.78T
| $4.15B | 2.49% |
7,368,060
-497,879
| -6% | -$304M |
2013 Q2
52 quarters
|
|
12
GE Aerospace
GE
$324B
| $4.08B | 2.44% |
10,906,553
-119,453
| -1% | -$37.4M |
2023 Q1
13 quarters
|
|
13
Tesla
TSLA
$1.44T
| $3.6B | 2.16% |
8,570,234
-1,399,706
| -14% | -$557M |
2013 Q2
52 quarters
|
|
14
CrowdStrike
CRWD
$234B
| $2.87B | 1.72% |
15,041,200
-275,296
| -2% | -$39.1M |
2020 Q1
25 quarters
|
|
15
Mastercard
MA
$539B
| $2.57B | 1.54% |
4,995,027
-128,014
| -2% | -$63.8M |
2013 Q2
52 quarters
|
|
16
Visa
V
$756B
| $2.38B | 1.43% |
6,931,833
+9,289
| +0.1% | +$2.98M |
2013 Q2
52 quarters
|
|
17
Walmart Inc
WMT
$942B
| $2.1B | 1.26% |
18,541,042
-1,410,137
| -7% | -$175M |
2016 Q3
39 quarters
|
|
18
Boeing
BA
$150B
| $2.06B | 1.24% |
9,522,431
-710,070
| -7% | -$158M |
2023 Q4
10 quarters
|
|
19
Costco
COST
$439B
| $2.03B | 1.22% |
2,166,050
-146,390
| -6% | -$146M |
2013 Q2
52 quarters
|
|
20
Netflix
NFLX
$289B
| $1.93B | 1.16% |
27,052,012
-944,122
| -3% | -$83.1M |
2013 Q2
52 quarters
|
|
21
Datadog
DDOG
$94.2B
| $1.79B | 1.07% |
6,860,657
+937,770
| +16% | +$174M |
2022 Q1
17 quarters
|
|
22
Cadence Design Systems
CDNS
$90.2B
| $1.69B | 1.01% |
4,503,061
-1,258,844
| -22% | -$441M |
2021 Q4
18 quarters
|
|
23
Amphenol
APH
$200B
| $1.63B | 0.98% |
18,447,556
-2,029,484
| -10% | -$146M |
2025 Q3
3 quarters
|
|
24
Snowflake
SNOW
$112B
| $1.61B | 0.97% |
6,340,455
-823,625
| -11% | -$152M |
2020 Q3
23 quarters
|
|
25
Lam Research
LRCX
$347B
| $1.53B | 0.92% |
3,526,442
+153,136
| +5% | +$46.5M |
2017 Q4
34 quarters
|
|
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Jennison Associates's Q2 2026 Portfolio in Review
As of Q2 2026, Jennison Associates held 641 positions worth $167B, up 15% from $145B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Jennison Associates withdrew a net $6.22B in Q2 2026, closing 74 positions and reducing 282 holdings. Its most notable exit was Gilead Sciences, an estimated $176M position sold in full.
By sector, the portfolio is most concentrated in Technology at 43% of assets, up from 39% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in SpaceX worth $1.27B.
- Jennison Associates's largest Q2 2026 buy was SpaceX: 7,448,891 shares worth $1.27B.
- Jennison Associates added most to Credo Technology Group in Q2 2026, an estimated $476M increase.
- Jennison Associates's biggest Q2 2026 reduction was NVIDIA, cutting an estimated $1.98B.
- Jennison Associates fully exited Gilead Sciences in Q2 2026, selling an estimated $176M.
- Jennison Associates's ten largest holdings make up 45% of its $167B portfolio in Q2 2026.
- Jennison Associates opened 79 new positions and closed 74 in Q2 2026.
- Jennison Associates's portfolio value rose 15% quarter-over-quarter to $167B.
Based on Jennison Associates's 13F filing for Q2 2026, filed 3 Aug 2026.