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 | |
|---|---|---|---|---|---|---|
51
NextEra Energy
NEE
$171B
| $486M | 0.29% |
5,542,601
-345,663
| -6% | -$31.3M |
|
|
52
Vertiv
VRT
$99B
| $444M | 0.27% |
1,325,407
+1,324,231
| +112,605% | +$420M |
|
53
NiSource
NI
$19.5B
| $439M | 0.26% |
9,235,389
+13,829
| +0.1% | +$654K |
|
54
Live Nation Entertainment
LYV
$42.3B
| $433M | 0.26% |
2,365,884
+2,286,797
| +2,891% | +$376M |
|
|
CRWV
55
CoreWeave
CRWV
$46.5B
| $400M | 0.24% |
4,019,579
+2,791,552
| +227% | +$301M |
|
56
JPMorgan Chase
JPM
$951B
| $397M | 0.24% |
1,213,493
-170,155
| -12% | -$52.8M |
|
57
Liberty Media Series C
FWONK
$25.5B
| $375M | 0.23% |
+3,945,767
| New | +$353M |
|
58
Keysight
KEYS
$54.5B
| $362M | 0.22% |
1,033,424
+236,494
| +30% | +$80.7M |
|
59
Merck
MRK
$366B
| $351M | 0.21% |
2,728,958
-3,520,379
| -56% | -$412M |
|
60
Mercado Libre
MELI
$99.7B
| $340M | 0.2% |
200,538
-118,170
| -37% | -$202M |
|
61
UnitedHealth
UNH
$353B
| $335M | 0.2% |
806,788
+148,732
| +23% | +$55.1M |
|
62
Bank of America
BAC
$436B
| $326M | 0.2% |
5,727,373
+2,854,915
| +99% | +$152M |
|
63
CenterPoint Energy
CNP
$25.8B
| $326M | 0.2% |
7,391,754
-125,249
| -2% | -$5.37M |
|
64
Howmet Aerospace
HWM
$106B
| $312M | 0.19% |
+1,159,221
| New | +$298M |
|
65
Sterling Infrastructure
STRL
$14.4B
| $310M | 0.19% |
369,583
+367,602
| +18,556% | +$258M |
|
66
Cisco
CSCO
$433B
| $304M | 0.18% |
2,584,299
-995,984
| -28% | -$104M |
|
67
PNC Financial Services
PNC
$96.6B
| $302M | 0.18% |
1,227,318
-176,312
| -13% | -$39.5M |
|
68
Vistra
VST
$46B
| $288M | 0.17% |
1,812,863
+290,431
| +19% | +$45.1M |
|
69
Starbucks
SBUX
$123B
| $284M | 0.17% |
2,774,816
+2,757,594
| +16,012% | +$278M |
|
70
nVent Electric
NVT
$24B
| $259M | 0.16% |
+1,526,624
| New | +$238M |
|
71
Monolithic Power Systems
MPWR
$61.7B
| $256M | 0.15% |
185,502
+136,108
| +276% | +$204M |
|
72
Shell
SHEL
$250B
| $256M | 0.15% |
3,306,805
-137,405
| -4% | -$11.9M |
|
73
Parker-Hannifin
PH
$125B
| $255M | 0.15% |
260,713
-1,199
| -0.5% | -$1.1M |
|
74
Uber
UBER
$161B
| $248M | 0.15% |
3,442,877
-339,579
| -9% | -$24.9M |
|
75
Entergy
ETR
$49.3B
| $239M | 0.14% |
2,081,062
+115,803
| +6% | +$13.1M |
|
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.