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 | |
|---|---|---|---|---|---|---|
551
Applied Optoelectronics
AAOI
$10.3B
| $435K | ﹤0.01% |
+5,144
| New | +$328K |
|
552
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $390K | ﹤0.01% |
+600
| New | +$408K |
|
|
EXE
553
Expand Energy Corp
EXE
$21B
| $354K | ﹤0.01% |
3,222
-889,713
| -100% | -$95M |
|
554
BCE
BCE
$20.6B
| $345K | ﹤0.01% |
13,665
+1,917
| +16% | +$48.6K |
|
555
Arm
ARM
$293B
| $338K | ﹤0.01% |
2,232
-21
| -0.9% | -$2.55K |
|
556
Pacific Biosciences
PACB
$404M
| $303K | ﹤0.01% |
+229,794
| New | +$411K |
|
557
Vertiv
VRT
$107B
| $295K | ﹤0.01% |
+1,176
| New | +$261K |
|
558
Reddit
RDDT
$29.9B
| $278K | ﹤0.01% |
2,063
-4,053
| -66% | -$690K |
|
559
iShares S&P 500 Growth ETF
IVW
$77.1B
| $265K | ﹤0.01% |
2,342
-934
| -29% | -$112K |
|
|
GTLS
560
DELISTED
Chart Industries
GTLS
| $257K | ﹤0.01% |
1,244
-1,194
| -49% | -$247K |
|
561
Marriott International
MAR
$94.2B
| $247K | ﹤0.01% |
755
-396
| -34% | -$130K |
|
562
Starwood Property Trust
STWD
$6.01B
| $187K | ﹤0.01% |
10,882
-488
| -4% | -$8.76K |
|
563
ACV Auctions
ACVA
$1.34B
| – | – |
-5,766,578
| Closed | -$46.2M |
|
564
Adobe
ADBE
$103B
| – | – |
-1,080
| Closed | -$378K |
|
565
American Eagle Outfitters
AEO
$2.99B
| – | – |
-32,754
| Closed | -$864K |
|
566
Affirm
AFRM
$26.3B
| – | – |
-8,151
| Closed | -$607K |
|
567
Alnylam Pharmaceuticals
ALNY
$30.6B
| – | – |
-277,759
| Closed | -$110M |
|
|
APLS
568
DELISTED
Apellis Pharmaceuticals
APLS
| – | – |
-1,504,299
| Closed | -$37.8M |
|
569
Appian
APPN
$2.2B
| – | – |
-20,141
| Closed | -$713K |
|
570
ArcBest
ARCB
$3.17B
| – | – |
-14,313
| Closed | -$1.06M |
|
571
Archrock
AROC
$5.95B
| – | – |
-22,637
| Closed | -$589K |
|
|
EFOR
572
Everforth Inc
EFOR
$1.3B
| – | – |
-320,157
| Closed | -$15.4M |
|
573
Atlantic Union Bankshares
AUB
$6.11B
| – | – |
-238,208
| Closed | -$8.41M |
|
574
Belden
BDC
$5.01B
| – | – |
-5,410
| Closed | -$631K |
|
|
BORR
575
Borr Drilling
BORR
$1.2B
| – | – |
-212,364
| Closed | -$856K |
|
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.