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 | |
|---|---|---|---|---|---|---|
26
Vertex Pharmaceuticals
VRTX
$137B
| $1.49B | 0.89% |
2,998,530
+258,471
| +9% | +$115M |
|
27
KLA
KLAC
$229B
| $1.47B | 0.88% |
4,886,998
+1,042,438
| +27% | +$207M |
|
28
Intuitive Surgical
ISRG
$132B
| $1.46B | 0.88% |
3,669,211
+628,201
| +21% | +$274M |
|
29
Constellation Energy
CEG
$98.1B
| $1.38B | 0.83% |
5,539,966
-1,064,467
| -16% | -$300M |
|
30
Cloudflare
NET
$107B
| $1.33B | 0.8% |
5,419,068
+1,024,584
| +23% | +$224M |
|
31
Spotify
SPOT
$113B
| $1.29B | 0.77% |
2,809,432
+30,583
| +1% | +$14.6M |
|
|
SPCX
32
SpaceX
SPCX
$1.87T
| $1.27B | 0.76% |
+7,448,891
| New | +$1.27B |
|
33
Goldman Sachs
GS
$301B
| $1.23B | 0.74% |
1,212,589
-109,532
| -8% | -$107M |
|
34
Walt Disney
DIS
$187B
| $1.13B | 0.68% |
11,706,281
-2,120,251
| -15% | -$216M |
|
|
NBIS
35
Nebius Group N.V.
NBIS
$56.9B
| $1.1B | 0.66% |
3,983,899
+2,283,676
| +134% | +$452M |
|
|
SNDK
36
Sandisk
SNDK
$217B
| $1.07B | 0.64% |
+472,125
| New | +$674M |
|
37
Hilton Worldwide
HLT
$72.4B
| $1.07B | 0.64% |
3,234,104
-11,464
| -0.4% | -$3.77M |
|
38
Palantir
PLTR
$448B
| $1.02B | 0.61% |
8,711,763
-2,049,179
| -19% | -$280M |
|
39
GE Vernova
GEV
$243B
| $991M | 0.59% |
843,117
-61,586
| -7% | -$62.9M |
|
40
Applovin
APP
$106B
| $937M | 0.56% |
1,819,508
-481,397
| -21% | -$232M |
|
41
Texas Instruments
TXN
$236B
| $935M | 0.56% |
3,136,901
+825,354
| +36% | +$229M |
|
42
Oracle
ORCL
$435B
| $849M | 0.51% |
5,793,909
-1,141,156
| -16% | -$207M |
|
43
O'Reilly Automotive
ORLY
$71.6B
| $834M | 0.5% |
9,057,929
-195,800
| -2% | -$17.9M |
|
|
44
Shopify
SHOP
$197B
| $782M | 0.47% |
6,846,396
-9,452,863
| -58% | -$1.08B |
|
45
Bloom Energy
BE
$62.1B
| $773M | 0.46% |
2,554,512
-132,517
| -5% | -$34M |
|
46
Carpenter Technology
CRS
$23.6B
| $736M | 0.44% |
1,192,686
+387,380
| +48% | +$182M |
|
|
47
Credo Technology Group
CRDO
$43.7B
| $722M | 0.43% |
2,655,290
+2,408,196
| +975% | +$476M |
|
48
Micron Technology
MU
$1.05T
| $611M | 0.37% |
529,195
+185,147
| +54% | +$139M |
|
49
TJX Companies
TJX
$149B
| $605M | 0.36% |
3,995,146
+698,007
| +21% | +$110M |
|
50
Airbnb
ABNB
$112B
| $499M | 0.3% |
3,484,879
+311,920
| +10% | +$42.5M |
|
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.