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 | |
|---|---|---|---|---|---|---|
426
Air Products & Chemicals
APD
$68.6B
| $5.42M | ﹤0.01% |
18,474
| – | – |
|
427
Moody's
MCO
$89.2B
| $4.95M | ﹤0.01% |
10,928
+1,450
| +15% | +$651K |
|
428
Hudbay
HBM
$13B
| $4.06M | ﹤0.01% |
171,838
+16,164
| +10% | +$409K |
|
429
Patterson-UTI
PTEN
$4.74B
| $4.02M | ﹤0.01% |
+438,421
| New | +$4.89M |
|
430
Albemarle
ALB
$16.2B
| $3.96M | ﹤0.01% |
29,298
-12,618
| -30% | -$2.23M |
|
|
TE
431
T1 Energy
TE
$1.41B
| $3.87M | ﹤0.01% |
408,038
+2,856
| +0.7% | +$20.3K |
|
432
Vista Energy
VIST
$7.76B
| $3.76M | ﹤0.01% |
+58,888
| New | +$4.15M |
|
433
Texas Roadhouse
TXRH
$13.1B
| $3.63M | ﹤0.01% |
+18,807
| New | +$3.2M |
|
|
USAR
434
USA Rare Earth Inc
USAR
$4.4B
| $3.51M | ﹤0.01% |
162,787
+740
| +0.5% | +$16.9K |
|
|
BA.PRA
435
Boeing Co 6.00% Series A Preferred Stock
BA.PRA
$7.49B
| $3.37M | ﹤0.01% |
50,000
| – | – |
|
436
American Express
AXP
$225B
| $3.16M | ﹤0.01% |
9,350
+1,633
| +21% | +$523K |
|
437
Waste Management
WM
$87.8B
| $2.99M | ﹤0.01% |
13,425
+8,383
| +166% | +$1.86M |
|
438
Amneal Pharmaceuticals
AMRX
$6.11B
| $2.92M | ﹤0.01% |
168,863
+43,965
| +35% | +$602K |
|
439
iShares North American Natural Resources ETF
IGE
$770M
| $2.89M | ﹤0.01% |
51,365
+42,493
| +479% | +$2.57M |
|
440
Citigroup
C
$223B
| $2.71M | ﹤0.01% |
19,352
| – | – |
|
441
Digital Realty Trust
DLR
$68.8B
| $2.65M | ﹤0.01% |
14,755
+696
| +5% | +$133K |
|
442
COPT Defense Properties
CDP
$4.15B
| $2.62M | ﹤0.01% |
72,083
+11,835
| +20% | +$385K |
|
443
State Street Energy Select Sector SPDR ETF
XLE
$41.2B
| $2.49M | ﹤0.01% |
46,878
+2,883
| +7% | +$165K |
|
444
Oceaneering
OII
$5.04B
| $2.47M | ﹤0.01% |
60,963
+951
| +2% | +$35.8K |
|
445
Equinix
EQIX
$103B
| $2.37M | ﹤0.01% |
2,271
+133
| +6% | +$142K |
|
446
Interface
TILE
$2.23B
| $2.27M | ﹤0.01% |
63,424
+8,432
| +15% | +$246K |
|
447
Ares Management
ARES
$32.1B
| $2.21M | ﹤0.01% |
19,819
-3,492
| -15% | -$419K |
|
448
Core & Main
CNM
$8.05B
| $2.18M | ﹤0.01% |
45,172
-230,311
| -84% | -$11.4M |
|
449
Four Corners Property Trust
FCPT
$2.77B
| $2.17M | ﹤0.01% |
88,366
+1,940
| +2% | +$48.3K |
|
|
DFTX
450
Definium Therapeutics
DFTX
$5.51B
| $2.13M | ﹤0.01% |
45,375
+5,418
| +14% | +$134K |
|
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.