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 |
Palantir
PLTR
|
+$1.65B |
| 2 |
GE Aerospace
GE
|
+$949M |
| 3 |
Lam Research
LRCX
|
+$564M |
| 4 |
KLA
KLAC
|
+$562M |
| 5 |
Cloudflare
NET
|
+$483M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.33B |
| 2 |
ServiceNow
NOW
|
+$984M |
| 3 |
Snowflake
SNOW
|
+$822M |
| 4 |
NVIDIA
NVDA
|
+$747M |
| 5 |
CrowdStrike
CRWD
|
+$712M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.45% |
| 2 | Communication Services | 14.46% |
| 3 | Consumer Discretionary | 12.04% |
| 4 | Healthcare | 9.16% |
| 5 | Industrials | 7.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
LPL Financial
LPLA
$28.4B
| $40.7M | 0.03% |
135,221
+23,554
| +21% | +$7.9M |
|
252
Agilent Technologies
A
$39.8B
| $39.1M | 0.03% |
342,707
-263,609
| -43% | -$33.4M |
|
253
Disc Medicine
IRON
$2.98B
| $39M | 0.03% |
610,382
+78,303
| +15% | +$5.43M |
|
|
MRSH
254
Marsh
MRSH
$91.3B
| $38.6M | 0.03% |
222,594
-6,481
| -3% | -$1.17M |
|
255
Ross Stores
ROST
$81B
| $38.5M | 0.03% |
177,524
+164,055
| +1,218% | +$32.7M |
|
256
Freshpet
FRPT
$3.45B
| $38.4M | 0.03% |
651,202
+434,582
| +201% | +$30.5M |
|
257
iShares MSCI ACWI ex US ETF
ACWX
$11.8B
| $37.6M | 0.03% |
549,017
-288,157
| -34% | -$20.3M |
|
258
TotalEnergies
TTE
$189B
| $37.4M | 0.03% |
411,282
+38,897
| +10% | +$2.97M |
|
259
iShares Russell 1000 Growth ETF
IWF
$128B
| $37.4M | 0.03% |
350,956
-21,044
| -6% | -$2.39M |
|
260
Kinder Morgan
KMI
$69.4B
| $36.8M | 0.03% |
1,096,668
+60,187
| +6% | +$1.88M |
|
261
Chefs' Warehouse
CHEF
$4.53B
| $36.4M | 0.03% |
612,536
-89,592
| -13% | -$5.73M |
|
262
Boot Barn
BOOT
$4.88B
| $36.4M | 0.03% |
248,590
-47,503
| -16% | -$8.61M |
|
263
ConocoPhillips
COP
$141B
| $35.9M | 0.02% |
272,114
+118,874
| +78% | +$13.2M |
|
264
AvePoint
AVPT
$2.84B
| $35.8M | 0.02% |
3,767,581
-405,699
| -10% | -$4.57M |
|
265
CBRE Group
CBRE
$43.7B
| $35.8M | 0.02% |
264,097
-4,359
| -2% | -$662K |
|
266
DT Midstream
DTM
$13.6B
| $34.8M | 0.02% |
258,277
+10,637
| +4% | +$1.39M |
|
267
Mineralys Therapeutics
MLYS
$2.36B
| $34.3M | 0.02% |
1,266,174
+7,521
| +0.6% | +$221K |
|
268
Arista Networks
ANET
$251B
| $34.3M | 0.02% |
279,269
+8,172
| +3% | +$1.09M |
|
269
Shake Shack
SHAK
$2.93B
| $34.2M | 0.02% |
386,724
-201,601
| -34% | -$18.5M |
|
270
Duke Energy
DUK
$96B
| $33.4M | 0.02% |
254,901
-5,502
| -2% | -$688K |
|
271
Xylem
XYL
$28.5B
| $32.9M | 0.02% |
275,683
-357,965
| -56% | -$46.9M |
|
272
Enterprise Financial Services Corp
EFSC
$2.43B
| $32.9M | 0.02% |
607,892
-13,932
| -2% | -$785K |
|
273
Crinetics Pharmaceuticals
CRNX
$8.9B
| $32.9M | 0.02% |
904,672
-376,929
| -29% | -$16.8M |
|
274
United Rentals
URI
$72.6B
| $32.9M | 0.02% |
45,097
-1,100
| -2% | -$924K |
|
275
Option Care Health
OPCH
$3.52B
| $32.7M | 0.02% |
1,213,025
+49,094
| +4% | +$1.59M |
|
Similar funds
Jennison Associates's Q1 2026 Portfolio in Review
As of Q1 2026, Jennison Associates held 653 positions worth $145B, down 13% from $167B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Jennison Associates withdrew a net $7.46B in Q1 2026, closing 91 positions and reducing 274 holdings. Its most notable exit was Sea Limited, an estimated $207M position sold in full.
By sector, the portfolio is most concentrated in Technology at 39% of assets, down from 42% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Jennison Associates opened a new position in Palantir worth $1.57B.
- Jennison Associates's largest Q1 2026 buy was Palantir: 10,760,942 shares worth $1.57B.
- Jennison Associates added most to GE Aerospace in Q1 2026, an estimated $949M increase.
- Jennison Associates's biggest Q1 2026 reduction was Microsoft, cutting an estimated $1.33B.
- Jennison Associates fully exited Sea Limited in Q1 2026, selling an estimated $207M.
- Jennison Associates's ten largest holdings make up 46% of its $145B portfolio in Q1 2026.
- Jennison Associates opened 79 new positions and closed 91 in Q1 2026.
- Jennison Associates's portfolio value fell 13% quarter-over-quarter to $145B.
Based on Jennison Associates's 13F filing for Q1 2026, filed 6 May 2026.