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 | |
|---|---|---|---|---|---|---|
426
Vanguard FTSE Developed Markets ETF
VEA
$234B
| $2.89M | ﹤0.01% |
45,124
-31,151
| -41% | -$2.06M |
|
|
CBIO
427
Crescent Biopharma
CBIO
$586M
| $2.81M | ﹤0.01% |
+152,974
| New | +$1.76M |
|
428
Riskified
RSKD
$701M
| $2.76M | ﹤0.01% |
702,906
-3,892,121
| -85% | -$17.2M |
|
429
State Street Energy Select Sector SPDR ETF
XLE
$37.6B
| $2.7M | ﹤0.01% |
43,995
+2,245
| +5% | +$120K |
|
430
Lifezone Metals
LZM
$355M
| $2.65M | ﹤0.01% |
789,674
+14,506
| +2% | +$67.4K |
|
431
Ares Management
ARES
$31.5B
| $2.54M | ﹤0.01% |
+23,311
| New | +$3.09M |
|
432
Digital Realty Trust
DLR
$72.1B
| $2.53M | ﹤0.01% |
14,059
+1,869
| +15% | +$319K |
|
433
Portland General Electric
POR
$5.79B
| $2.47M | ﹤0.01% |
46,815
+28,128
| +151% | +$1.45M |
|
|
USAR
434
USA Rare Earth Inc
USAR
$4.2B
| $2.45M | ﹤0.01% |
162,047
+28,780
| +22% | +$558K |
|
435
American Express
AXP
$236B
| $2.33M | ﹤0.01% |
7,717
-5,103
| -40% | -$1.71M |
|
436
Centrus Energy
LEU
$3.69B
| $2.32M | ﹤0.01% |
13,337
+260
| +2% | +$62.7K |
|
437
KKR & Co
KKR
$94.9B
| $2.27M | ﹤0.01% |
24,502
-1,954,386
| -99% | -$206M |
|
438
Citigroup
C
$231B
| $2.19M | ﹤0.01% |
19,352
-545,243
| -97% | -$62.1M |
|
439
Oceaneering
OII
$4.78B
| $2.13M | ﹤0.01% |
60,012
-27,898
| -32% | -$902K |
|
440
Equinix
EQIX
$104B
| $2.1M | ﹤0.01% |
2,138
+351
| +20% | +$312K |
|
441
Four Corners Property Trust
FCPT
$2.77B
| $2.04M | ﹤0.01% |
86,426
-6,054
| -7% | -$150K |
|
442
iShares MSCI India ETF
INDA
$6.63B
| $1.96M | ﹤0.01% |
41,822
-33,228
| -44% | -$1.7M |
|
443
McGrath RentCorp
MGRC
$2.96B
| $1.94M | ﹤0.01% |
17,624
-2,800
| -14% | -$311K |
|
444
COPT Defense Properties
CDP
$4.24B
| $1.84M | ﹤0.01% |
60,248
-13,774
| -19% | -$428K |
|
445
Norfolk Southern
NSC
$76.8B
| $1.79M | ﹤0.01% |
6,231
+1
| +0% | +$297 |
|
|
TE
446
T1 Energy
TE
$1.53B
| $1.78M | ﹤0.01% |
405,182
+10,425
| +3% | +$76.4K |
|
447
CareTrust REIT
CTRE
$9.72B
| $1.76M | ﹤0.01% |
48,012
+16,044
| +50% | +$616K |
|
448
Evertec
EVTC
$1.93B
| $1.72M | ﹤0.01% |
60,934
+23,346
| +62% | +$663K |
|
449
LXP Industrial Trust
LXP
$3.58B
| $1.71M | ﹤0.01% |
36,913
+24,514
| +198% | +$1.2M |
|
450
Advanced Energy
AEIS
$13.2B
| $1.68M | ﹤0.01% |
5,191
-2,761
| -35% | -$800K |
|
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.