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 | |
|---|---|---|---|---|---|---|
626
Rhythm Pharmaceuticals
RYTM
$7.59B
| – | – |
-918,567
| Closed | -$98.3M |
|
627
Sea Limited
SE
$70.4B
| – | – |
-1,619,291
| Closed | -$207M |
|
628
StoneX
SNEX
$9.2B
| – | – |
-15,687
| Closed | -$663K |
|
629
Sanofi
SNY
$103B
| – | – |
-178,539
| Closed | -$8.65M |
|
630
Stevanato
STVN
$5.49B
| – | – |
-1,772,896
| Closed | -$35.7M |
|
631
Southwest Gas
SWX
$6.56B
| – | – |
-13,575
| Closed | -$1.09M |
|
632
SunCoke Energy
SXC
$816M
| – | – |
-199,423
| Closed | -$1.44M |
|
633
Trip.com Group
TCOM
$28.9B
| – | – |
-369,952
| Closed | -$26.6M |
|
634
TKO Group
TKO
$13.7B
| – | – |
-7,303
| Closed | -$1.53M |
|
635
Tencent Music
TME
$15.6B
| – | – |
-1,508,978
| Closed | -$26.5M |
|
636
TripAdvisor
TRIP
$1.63B
| – | – |
-50,673
| Closed | -$738K |
|
637
Travere Therapeutics
TVTX
$5.84B
| – | – |
-256,335
| Closed | -$9.79M |
|
638
Veeva Systems
VEEV
$34.7B
| – | – |
-413,826
| Closed | -$92.4M |
|
639
Varonis Systems
VRNS
$4.98B
| – | – |
-1,036,934
| Closed | -$34M |
|
640
GeneDx Holdings
WGS
$2.08B
| – | – |
-302,149
| Closed | -$39.3M |
|
641
West Pharmaceutical
WST
$24.7B
| – | – |
-54,593
| Closed | -$15M |
|
642
Zscaler
ZS
$26.1B
| – | – |
-85,099
| Closed | -$19.1M |
|
643
Flutter Entertainment
FLUT
$16.1B
| – | – |
-75,975
| Closed | -$16.3M |
|
644
Astera Labs
ALAB
$54.6B
| – | – |
-2,630
| Closed | -$438K |
|
645
Solventum
SOLV
$15.1B
| – | – |
-625,764
| Closed | -$49.6M |
|
646
Loar Holdings
LOAR
$7.08B
| – | – |
-11,390
| Closed | -$775K |
|
|
OKLO
647
Oklo
OKLO
$7.48B
| – | – |
-7,877
| Closed | -$565K |
|
|
UPB
648
Upstream Bio Inc
UPB
$367M
| – | – |
-288,847
| Closed | -$7.84M |
|
|
KMTS
649
Kestra Medical Technologies
KMTS
$1.47B
| – | – |
-219,355
| Closed | -$5.82M |
|
|
FLY
650
Firefly Aerospace
FLY
$3.75B
| – | – |
-356,692
| Closed | -$7.98M |
|
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.