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 | |
|---|---|---|---|---|---|---|
451
TPG
TPG
$9B
| $2.11M | ﹤0.01% |
52,011
-230,516
| -82% | -$9.69M |
|
452
Norfolk Southern
NSC
$78.3B
| $2.08M | ﹤0.01% |
6,621
+390
| +6% | +$120K |
|
453
McGrath RentCorp
MGRC
$2.74B
| $2.04M | ﹤0.01% |
16,832
-792
| -4% | -$90K |
|
454
KKR & Co
KKR
$97.6B
| $2.02M | ﹤0.01% |
22,039
-2,463
| -10% | -$239K |
|
455
Evertec
EVTC
$1.79B
| $1.96M | ﹤0.01% |
70,639
+9,705
| +16% | +$258K |
|
456
Central Garden & Pet Co Class A
CENTA
$2.37B
| $1.87M | ﹤0.01% |
48,171
-204
| -0.4% | -$7.12K |
|
457
Sanmina
SANM
$10.4B
| $1.85M | ﹤0.01% |
7,305
-3,144
| -30% | -$689K |
|
458
Bank of N.T. Butterfield & Son
NTB
$2.33B
| $1.8M | ﹤0.01% |
30,258
+9,608
| +47% | +$544K |
|
|
WCN
459
Waste Connections
WCN
$41.7B
| $1.79M | ﹤0.01% |
10,759
+625
| +6% | +$98.9K |
|
460
Meritage Homes
MTH
$4.63B
| $1.79M | ﹤0.01% |
21,316
+113
| +0.5% | +$7.72K |
|
461
Hovnanian Enterprises
HOV
$760M
| $1.72M | ﹤0.01% |
12,095
-568
| -4% | -$64.9K |
|
462
Itron
ITRI
$4.27B
| $1.63M | ﹤0.01% |
18,886
+2,911
| +18% | +$248K |
|
463
Advanced Energy
AEIS
$10.9B
| $1.6M | ﹤0.01% |
4,301
-890
| -17% | -$311K |
|
464
Portland General Electric
POR
$5.83B
| $1.57M | ﹤0.01% |
30,308
-16,507
| -35% | -$837K |
|
465
Canadian Pacific Kansas City
CP
$82.7B
| $1.56M | ﹤0.01% |
17,966
+647
| +4% | +$55.4K |
|
466
10x Genomics
TXG
$8.02B
| $1.53M | ﹤0.01% |
39,861
-19,228
| -33% | -$504K |
|
467
GCM Grosvenor
GCMG
$839M
| $1.53M | ﹤0.01% |
124,048
-3,434
| -3% | -$37.6K |
|
468
Garrett Motion
GTX
$4.97B
| $1.5M | ﹤0.01% |
41,367
-6,601
| -14% | -$184K |
|
469
Trane Technologies
TT
$98.8B
| $1.48M | ﹤0.01% |
3,016
| – | – |
|
470
AZZ Inc
AZZ
$4.16B
| $1.47M | ﹤0.01% |
9,497
+1,128
| +13% | +$160K |
|
471
Verra Mobility
VRRM
$667M
| $1.47M | ﹤0.01% |
+346,324
| New | +$3.66M |
|
472
Fabrinet
FN
$14.8B
| $1.47M | ﹤0.01% |
2,612
+20
| +0.8% | +$12.9K |
|
473
Sally Beauty Holdings
SBH
$1.55B
| $1.47M | ﹤0.01% |
103,790
+3,381
| +3% | +$45.6K |
|
474
Northwest Natural Holdings
NWN
$2.08B
| $1.43M | ﹤0.01% |
29,196
+5,989
| +26% | +$307K |
|
|
ARI
475
Apollo Commercial Real Estate
ARI
$881M
| $1.42M | ﹤0.01% |
+133,407
| New | +$1.45M |
|
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.