Jennison Associates Portfolio holdings
Jennison Associates is the research-driven stock investing arm of PGIM, the asset management business of Prudential Financial. It started in 1969, through a predecessor company, managing growth stock accounts of large U.S. companies, mainly for large institutions, and Prudential bought it in 1985. Its growth stock investors believe that rising earnings and cash flow drive share prices, and it also runs long-only and long/short portfolios of global healthcare companies. It began advising mutual funds in 1990 and also manages bond portfolios, choosing investments through its own company-by-company research. Its clients include pension plans, public employee retirement systems, foundations and endowments.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SpaceX
SPCX
|
+$1.27B |
| 2 |
Sandisk
SNDK
|
+$674M |
| 3 |
Credo Technology Group
CRDO
|
+$476M |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
51
NextEra Energy
NEE
$180B
| $486M | 0.29% |
5,542,601
-345,663
| -6% | -$31.3M |
2013 Q2
52 quarters
|
|
|
52
Vertiv
VRT
$81.2B
| $444M | 0.27% |
1,325,407
+1,324,231
| +112,605% | +$420M |
2026 Q1
1 quarter
|
|
53
NiSource
NI
$21.8B
| $439M | 0.26% |
9,235,389
+13,829
| +0.1% | +$654K |
2021 Q2
20 quarters
|
|
54
Live Nation Entertainment
LYV
$42.3B
| $433M | 0.26% |
2,365,884
+2,286,797
| +2,891% | +$376M |
2026 Q1
1 quarter
|
|
55
CoreWeave
CRWV
$34.1B
| $400M | 0.24% |
4,019,579
+2,791,552
| +227% | +$301M |
2026 Q1
1 quarter
|
|
56
JPMorgan Chase
JPM
$915B
| $397M | 0.24% |
1,213,493
-170,155
| -12% | -$52.8M |
2013 Q2
52 quarters
|
|
57
Liberty Media Corporation Series C Common Stock
FWONK
$27.7B
| $375M | 0.23% |
+3,945,767
| New | +$353M |
2026 Q2
0 quarters
|
|
58
Keysight
KEYS
$53B
| $362M | 0.22% |
1,033,424
+236,494
| +30% | +$80.7M |
2023 Q4
10 quarters
|
|
59
Merck
MRK
$361B
| $351M | 0.21% |
2,728,958
-3,520,379
| -56% | -$412M |
2025 Q4
2 quarters
|
|
60
Mercado Libre
MELI
$76.4B
| $340M | 0.2% |
200,538
-118,170
| -37% | -$202M |
2014 Q3
47 quarters
|
|
61
UnitedHealth
UNH
$357B
| $335M | 0.2% |
806,788
+148,732
| +23% | +$55.1M |
2013 Q2
52 quarters
|
|
62
Bank of America
BAC
$351B
| $326M | 0.2% |
5,727,373
+2,854,915
| +99% | +$152M |
2013 Q2
52 quarters
|
|
63
CenterPoint Energy
CNP
$27.1B
| $326M | 0.2% |
7,391,754
-125,249
| -2% | -$5.37M |
2020 Q2
24 quarters
|
|
64
Howmet Aerospace
HWM
$89.5B
| $312M | 0.19% |
+1,159,221
| New | +$298M |
2026 Q2
0 quarters
|
|
65
Sterling Infrastructure
STRL
$9.5B
| $310M | 0.19% |
369,583
+367,602
| +18,556% | +$258M |
2023 Q4
10 quarters
|
|
66
Cisco
CSCO
$403B
| $304M | 0.18% |
2,584,299
-995,984
| -28% | -$104M |
2014 Q1
49 quarters
|
|
67
PNC Financial Services
PNC
$92.4B
| $302M | 0.18% |
1,227,318
-176,312
| -13% | -$39.5M |
2013 Q2
52 quarters
|
|
68
Vistra
VST
$46.1B
| $288M | 0.17% |
1,812,863
+290,431
| +19% | +$45.1M |
2022 Q3
15 quarters
|
|
69
Starbucks
SBUX
$124B
| $284M | 0.17% |
2,774,816
+2,757,594
| +16,012% | +$278M |
2025 Q1
5 quarters
|
|
70
nVent Electric
NVT
$19.3B
| $259M | 0.16% |
+1,526,624
| New | +$238M |
2026 Q2
0 quarters
|
|
71
Monolithic Power Systems
MPWR
$73.2B
| $256M | 0.15% |
185,502
+136,108
| +276% | +$204M |
2023 Q1
13 quarters
|
|
72
Shell
SHEL
$276B
| $256M | 0.15% |
3,306,805
-137,405
| -4% | -$11.9M |
2022 Q1
17 quarters
|
|
73
Parker-Hannifin
PH
$123B
| $255M | 0.15% |
260,713
-1,199
| -0.5% | -$1.1M |
2022 Q4
14 quarters
|
|
74
Uber
UBER
$145B
| $248M | 0.15% |
3,442,877
-339,579
| -9% | -$24.9M |
2019 Q2
28 quarters
|
|
75
Entergy
ETR
$53.4B
| $239M | 0.14% |
2,081,062
+115,803
| +6% | +$13.1M |
2023 Q4
10 quarters
|
|
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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.