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 | |
|---|---|---|---|---|---|---|
401
SAP
SAP
$228B
| $8.27M | 0.01% |
48,323
-104,033
| -68% | -$21.5M |
|
402
Coca-Cola
KO
$374B
| $8.24M | 0.01% |
108,404
-1,241
| -1% | -$93.8K |
|
403
Salesforce
CRM
$158B
| $8.11M | 0.01% |
43,442
+13,995
| +48% | +$2.9M |
|
404
Palo Alto Networks
PANW
$296B
| $7.75M | 0.01% |
48,340
-28,568
| -37% | -$4.8M |
|
|
BRCB
405
Black Rock Coffee Bar Inc
BRCB
$184M
| $7.54M | 0.01% |
583,806
+218,692
| +60% | +$3.54M |
|
406
Albemarle
ALB
$14B
| $7.53M | 0.01% |
41,916
+983
| +2% | +$168K |
|
407
Canadian National Railway
CNI
$77.1B
| $7.45M | 0.01% |
72,524
-766
| -1% | -$79K |
|
408
First Advantage
FA
$3.53B
| $7.37M | 0.01% |
626,282
-7,596
| -1% | -$92.9K |
|
409
State Street SPDR S&P Metals & Mining ETF
XME
$4.28B
| $7.33M | 0.01% |
67,898
-14,810
| -18% | -$1.73M |
|
|
410
ServiceNow
NOW
$121B
| $7.32M | 0.01% |
70,061
-8,362,328
| -99% | -$984M |
|
411
Avalo Therapeutics
AVTX
$997M
| $7.03M | ﹤0.01% |
470,775
-4,850
| -1% | -$75.8K |
|
412
American Tower
AMT
$78.3B
| $6.95M | ﹤0.01% |
40,250
-17,705
| -31% | -$3.19M |
|
413
Cushman & Wakefield Ltd
CWK
$3.29B
| $6.67M | ﹤0.01% |
+544,224
| New | +$7.81M |
|
414
Bio-Techne
TECH
$11.2B
| $6.23M | ﹤0.01% |
+119,213
| New | +$7.16M |
|
415
CSX Corp
CSX
$94.7B
| $6.22M | ﹤0.01% |
151,485
+52,453
| +53% | +$2.06M |
|
|
HTO
416
H2O America
HTO
$2.59B
| $5.93M | ﹤0.01% |
101,146
+83,911
| +487% | +$4.57M |
|
417
Air Products & Chemicals
APD
$65.7B
| $5.37M | ﹤0.01% |
18,474
-175
| -0.9% | -$48.3K |
|
|
ZBIO
418
Zenas BioPharma
ZBIO
$2.01B
| $4.89M | ﹤0.01% |
+250,000
| New | +$5.61M |
|
419
Vanguard Morningstar Growth ETF
VUG
$230B
| $4.84M | ﹤0.01% |
66,414
-6,672
| -9% | -$519K |
|
|
JAN
420
Janus Living Inc
JAN
$6.47B
| $4.71M | ﹤0.01% |
+199,860
| New | +$4.68M |
|
421
Moody's
MCO
$83.8B
| $4.13M | ﹤0.01% |
9,478
-3,857
| -29% | -$1.82M |
|
422
Home Depot
HD
$352B
| $3.86M | ﹤0.01% |
11,741
-476
| -4% | -$173K |
|
423
Hudbay
HBM
$11.5B
| $3.25M | ﹤0.01% |
155,674
-93,671
| -38% | -$2.19M |
|
|
BA.PRA
424
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$8.46B
| $3.24M | ﹤0.01% |
50,000
| – | – |
|
425
Ryan Specialty Holdings
RYAN
$5.83B
| $2.9M | ﹤0.01% |
85,994
-225,150
| -72% | -$9.61M |
|
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.