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 |
SPCX
SpaceX
SPCX
|
+$1.27B |
| 2 |
SNDK
Sandisk
SNDK
|
+$674M |
| 3 |
Credo Technology Group
CRDO
|
+$476M |
| 4 |
NBIS
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 | |
|---|---|---|---|---|---|---|
226
Guardant Health
GH
$21.7B
| $53.4M | 0.03% |
356,001
+152,223
| +75% | +$16.6M |
|
227
Expro Ltd
XPRO
$1.98B
| $53.4M | 0.03% |
3,613,123
-1,086,247
| -23% | -$17.4M |
|
228
Allient
ALNT
$1.58B
| $52.8M | 0.03% |
512,528
+159,098
| +45% | +$12.3M |
|
229
Verizon
VZ
$208B
| $52.7M | 0.03% |
1,243,533
+88,073
| +8% | +$4.13M |
|
230
Revolution Medicines
RVMD
$44.6B
| $52.6M | 0.03% |
280,933
-26,444
| -9% | -$3.86M |
|
231
Illumina
ILMN
$32.6B
| $51.9M | 0.03% |
295,268
+103,361
| +54% | +$15.1M |
|
|
SION
232
Sionna Therapeutics
SION
$265M
| $51.6M | 0.03% |
1,172,133
-279,087
| -19% | -$11.2M |
|
233
DTE Energy
DTE
$28.3B
| $51.3M | 0.03% |
336,833
-10,959
| -3% | -$1.6M |
|
234
Houlihan Lokey
HLI
$9.3B
| $51.3M | 0.03% |
382,195
-86,362
| -18% | -$12.7M |
|
235
Erasca
ERAS
$6.31B
| $51.1M | 0.03% |
+2,788,412
| New | +$39.9M |
|
236
PDF Solutions
PDFS
$1.89B
| $50.7M | 0.03% |
+716,075
| New | +$35.5M |
|
237
Linde
LIN
$226B
| $50.5M | 0.03% |
97,357
-1,875
| -2% | -$950K |
|
238
Public Service Enterprise Group
PEG
$36.5B
| $50.4M | 0.03% |
620,659
-881,945
| -59% | -$70.4M |
|
239
First Bancorp
FBNC
$2.65B
| $50.2M | 0.03% |
785,261
-188,960
| -19% | -$11.2M |
|
240
Teledyne Technologies
TDY
$28.8B
| $50.1M | 0.03% |
75,118
+4,275
| +6% | +$2.69M |
|
241
United Rentals
URI
$64.1B
| $49.9M | 0.03% |
44,026
-1,071
| -2% | -$1.02M |
|
242
Chord Energy
CHRD
$7.99B
| $49.8M | 0.03% |
435,641
+12,303
| +3% | +$1.67M |
|
243
EQT Corp
EQT
$34.1B
| $49.7M | 0.03% |
935,048
+14,341
| +2% | +$805K |
|
244
AT&T
T
$178B
| $48.3M | 0.03% |
2,331,584
-1,315,906
| -36% | -$32.7M |
|
|
AXON
245
Axon Enterprise
AXON
$48.8B
| $47.4M | 0.03% |
84,617
-742,063
| -90% | -$311M |
|
246
Ero Copper
ERO
$4.05B
| $47.4M | 0.03% |
1,770,128
+122,178
| +7% | +$3.46M |
|
247
Twist Bioscience
TWST
$8.87B
| $46.6M | 0.03% |
453,216
-151,972
| -25% | -$9.89M |
|
248
Enterprise Financial Services Corp
EFSC
$2.3B
| $46.1M | 0.03% |
700,312
+92,420
| +15% | +$5.56M |
|
249
Natera
NTRA
$47B
| $46.1M | 0.03% |
169,857
-42,416
| -20% | -$9.04M |
|
250
Aramark
ARMK
$15.3B
| $46.1M | 0.03% |
+809,531
| New | +$39.9M |
|
Similar funds
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.