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 | |
|---|---|---|---|---|---|---|
26
Spotify
SPOT
$100B
| $1.35B | 0.93% |
2,778,849
-228,372
| -8% | -$115M |
|
27
Walt Disney
DIS
$170B
| $1.33B | 0.92% |
13,826,532
-2,861,487
| -17% | -$302M |
|
28
Amphenol
APH
$201B
| $1.29B | 0.89% |
10,238,520
-18,859
| -0.2% | -$2.65M |
|
29
Vertex Pharmaceuticals
VRTX
$119B
| $1.22B | 0.84% |
2,740,059
-509,482
| -16% | -$238M |
|
30
Goldman Sachs
GS
$303B
| $1.12B | 0.77% |
1,322,121
-30,886
| -2% | -$27.6M |
|
|
31
Snowflake
SNOW
$107B
| $1.08B | 0.74% |
7,164,080
-4,439,222
| -38% | -$822M |
|
32
Edwards Lifesciences
EW
$51.1B
| $1.05B | 0.72% |
13,066,274
-714,241
| -5% | -$58.9M |
|
33
Oracle
ORCL
$409B
| $1.02B | 0.7% |
6,935,065
-2,479,269
| -26% | -$403M |
|
34
Hilton Worldwide
HLT
$70.7B
| $987M | 0.68% |
3,245,568
-75,730
| -2% | -$23M |
|
35
Applovin
APP
$136B
| $916M | 0.63% |
2,300,905
-436,119
| -16% | -$211M |
|
|
36
Cloudflare
NET
$100B
| $907M | 0.62% |
4,394,484
+2,530,872
| +136% | +$483M |
|
37
O'Reilly Automotive
ORLY
$73.3B
| $854M | 0.59% |
9,253,729
-2,723,982
| -23% | -$255M |
|
38
GE Vernova
GEV
$268B
| $790M | 0.54% |
904,703
+256,912
| +40% | +$200M |
|
39
Merck
MRK
$316B
| $752M | 0.52% |
6,249,337
+689,849
| +12% | +$79.6M |
|
|
40
Lam Research
LRCX
$369B
| $721M | 0.5% |
3,373,306
+2,523,351
| +297% | +$564M |
|
41
Datadog
DDOG
$97.4B
| $699M | 0.48% |
5,922,887
-1,701,106
| -22% | -$210M |
|
|
42
KLA
KLAC
$239B
| $566M | 0.39% |
+3,844,560
| New | +$562M |
|
43
Mercado Libre
MELI
$96.3B
| $551M | 0.38% |
318,708
-51,088
| -14% | -$98.6M |
|
44
NextEra Energy
NEE
$181B
| $547M | 0.38% |
5,888,264
-44,576
| -0.8% | -$3.96M |
|
45
TJX Companies
TJX
$174B
| $527M | 0.36% |
3,297,139
+1,493,913
| +83% | +$233M |
|
46
Nu Holdings
NU
$69.8B
| $515M | 0.35% |
35,850,092
-3,520,699
| -9% | -$57.1M |
|
47
Texas Instruments
TXN
$246B
| $449M | 0.31% |
2,311,547
+260,622
| +13% | +$52.8M |
|
48
NiSource
NI
$21.3B
| $430M | 0.3% |
9,221,560
-208,234
| -2% | -$9.38M |
|
49
JPMorgan Chase
JPM
$937B
| $407M | 0.28% |
1,383,648
-19,486
| -1% | -$5.91M |
|
50
Airbnb
ABNB
$89.4B
| $401M | 0.28% |
3,172,959
+3,139,315
| +9,331% | +$408M |
|
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.