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 | |
|---|---|---|---|---|---|---|
|
VG
351
Venture Global Inc
VG
$32.8B
| $14.5M | 0.01% |
+917,509
| New | +$9.84M |
|
352
Bunge Global
BG
$20.8B
| $14.3M | 0.01% |
+112,699
| New | +$13.1M |
|
353
Terex
TEX
$7.53B
| $14.3M | 0.01% |
+242,558
| New | +$15M |
|
354
Hess Midstream
HESM
$5.11B
| $14.3M | 0.01% |
367,745
+16,095
| +5% | +$596K |
|
355
Repligen
RGEN
$8.96B
| $14.3M | 0.01% |
121,239
-2,361
| -2% | -$330K |
|
356
Powell Industries
POWL
$7.58B
| $13.8M | 0.01% |
+76,782
| New | +$12.5M |
|
357
Core & Main
CNM
$8.62B
| $13.6M | 0.01% |
275,483
-500,109
| -64% | -$26.9M |
|
|
UMH
358
UMH Properties
UMH
$1.32B
| $13.5M | 0.01% |
933,034
-422,566
| -31% | -$6.54M |
|
|
LBRX
359
LB Pharmaceuticals
LBRX
$1.36B
| $13.3M | 0.01% |
538,216
-283,636
| -35% | -$6.54M |
|
360
Western Midstream Partners
WES
$19.3B
| $13.2M | 0.01% |
319,415
-55,503
| -15% | -$2.3M |
|
361
Kinetik
KNTK
$3.71B
| $12.9M | 0.01% |
266,607
-3,519
| -1% | -$150K |
|
362
Universal Display
OLED
$4B
| $12.9M | 0.01% |
140,591
-269,087
| -66% | -$29.8M |
|
|
WAY
363
Waystar Holding Corp
WAY
$4.53B
| $12.4M | 0.01% |
516,149
-366,681
| -42% | -$9.73M |
|
364
Dentsply Sirona
XRAY
$2.69B
| $12.4M | 0.01% |
+1,072,322
| New | +$13.4M |
|
365
Prestige Consumer Healthcare
PBH
$2.53B
| $12.3M | 0.01% |
207,096
-2,581
| -1% | -$167K |
|
366
Casella Waste Systems
CWST
$5.71B
| $12.2M | 0.01% |
154,074
-46,381
| -23% | -$4.44M |
|
367
Alamos Gold
AGI
$13B
| $12.2M | 0.01% |
274,738
-408,009
| -60% | -$18M |
|
368
Enliven Therapeutics
ELVN
$4.33B
| $12.1M | 0.01% |
+309,180
| New | +$8.57M |
|
369
Live Nation Entertainment
LYV
$42.4B
| $12.1M | 0.01% |
+79,087
| New | +$12M |
|
370
AppFolio
APPF
$6.84B
| $12M | 0.01% |
76,110
-53,291
| -41% | -$10.1M |
|
|
PCG.PRX
371
PG&E Corp 6.000% Series A Preferred Stock
PCG.PRX
$1.35B
| $12M | 0.01% |
279,165
| – | – |
|
372
Entegris
ENTG
$22.2B
| $11.8M | 0.01% |
+100,784
| New | +$11.9M |
|
373
Vertex
VERX
$1.89B
| $11.7M | 0.01% |
982,230
-9,590
| -1% | -$149K |
|
374
TPG
TPG
$7.67B
| $11.4M | 0.01% |
282,527
+69,021
| +32% | +$3.54M |
|
|
PPHC
375
Public Policy Holding Co
PPHC
$334M
| $11.4M | 0.01% |
+871,789
| New | +$10.9M |
|
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.