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 | |
|---|---|---|---|---|---|---|
|
UMH
626
UMH Properties
UMH
$1.41B
| – | – |
-933,034
| Closed | -$13.5M |
|
627
Urban Outfitters
URBN
$6.95B
| – | – |
-11,068
| Closed | -$701K |
|
628
Valaris
VAL
$5.99B
| – | – |
-7,568
| Closed | -$742K |
|
629
Vertex
VERX
$2.31B
| – | – |
-982,230
| Closed | -$11.7M |
|
630
Viridian Therapeutics
VRDN
$2.61B
| – | – |
-28,059
| Closed | -$549K |
|
631
World Acceptance Corp
WRLD
$878M
| – | – |
-5,039
| Closed | -$680K |
|
632
Worthington Steel
WS
$1.74B
| – | – |
-44,807
| Closed | -$1.36M |
|
633
XP
XP
$8.96B
| – | – |
-1,357,313
| Closed | -$25.8M |
|
634
Dentsply Sirona
XRAY
$2.22B
| – | – |
-1,072,322
| Closed | -$12.4M |
|
635
Xylem
XYL
$26B
| – | – |
-275,683
| Closed | -$32.9M |
|
636
Alto Neuroscience
ANRO
$1.38B
| – | – |
-386,426
| Closed | -$8.69M |
|
637
Reddit
RDDT
$29.4B
| – | – |
-2,063
| Closed | -$278K |
|
|
WAY
638
Waystar Holding Corp
WAY
$5.03B
| – | – |
-516,149
| Closed | -$12.4M |
|
|
EXE
639
Expand Energy Corp
EXE
$22.7B
| – | – |
-3,222
| Closed | -$354K |
|
|
BRCB
640
Black Rock Coffee Bar Inc
BRCB
$203M
| – | – |
-583,806
| Closed | -$7.54M |
|
|
JAN
641
Janus Living Inc
JAN
$7.15B
| – | – |
-199,860
| Closed | -$4.71M |
|
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.