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 | |
|---|---|---|---|---|---|---|
51
Bloom Energy
BE
$64.3B
| $364M | 0.25% |
2,687,029
+2,673,710
| +20,074% | +$392M |
|
|
AXON
52
Axon Enterprise
AXON
$46.4B
| $351M | 0.24% |
826,680
-73,717
| -8% | -$38.3M |
|
53
CenterPoint Energy
CNP
$27.6B
| $324M | 0.22% |
7,517,003
-205,890
| -3% | -$8.5M |
|
54
Shell
SHEL
$252B
| $320M | 0.22% |
3,444,210
-171,010
| -5% | -$13.8M |
|
|
EMBJ
55
Embraer S.A. ADS
EMBJ
$12.6B
| $319M | 0.22% |
5,383,720
-345,848
| -6% | -$23.7M |
|
56
Carpenter Technology
CRS
$27B
| $317M | 0.22% |
+805,306
| New | +$293M |
|
57
PNC Financial Services
PNC
$100B
| $292M | 0.2% |
1,403,630
+183,616
| +15% | +$40M |
|
58
Cisco
CSCO
$457B
| $278M | 0.19% |
3,580,283
-135,901
| -4% | -$10.6M |
|
59
Uber
UBER
$146B
| $272M | 0.19% |
3,782,456
-2,652,546
| -41% | -$204M |
|
60
RTX Corp
RTX
$292B
| $266M | 0.18% |
1,378,798
+375,655
| +37% | +$74.7M |
|
61
Eldorado Gold
EGO
$8.37B
| $257M | 0.18% |
7,480,848
-597,057
| -7% | -$24.3M |
|
62
Cheniere Energy
LNG
$54.1B
| $235M | 0.16% |
829,221
-199,992
| -19% | -$46.2M |
|
63
Parker-Hannifin
PH
$126B
| $234M | 0.16% |
261,912
+158,081
| +152% | +$150M |
|
64
AbbVie
ABBV
$433B
| $231M | 0.16% |
1,062,732
-124,242
| -10% | -$27.6M |
|
65
Vistra
VST
$52.6B
| $229M | 0.16% |
1,522,432
+169,147
| +12% | +$27.4M |
|
66
Northrop Grumman
NOC
$77.9B
| $229M | 0.16% |
335,065
-66,599
| -17% | -$46M |
|
67
Keysight
KEYS
$55B
| $225M | 0.15% |
796,930
-14,037
| -2% | -$3.52M |
|
68
Entergy
ETR
$50.4B
| $221M | 0.15% |
1,965,259
-653,575
| -25% | -$65.7M |
|
69
Idacorp
IDA
$8.32B
| $214M | 0.15% |
1,497,342
+13,694
| +0.9% | +$1.88M |
|
70
Sempra
SRE
$57.3B
| $205M | 0.14% |
2,112,069
-44,287
| -2% | -$4.05M |
|
71
Ralph Lauren
RL
$22.6B
| $204M | 0.14% |
593,537
+35,525
| +6% | +$12.6M |
|
72
ExxonMobil
XOM
$643B
| $204M | 0.14% |
1,202,981
+169,080
| +16% | +$24.7M |
|
73
M&T Bank
MTB
$36.2B
| $202M | 0.14% |
975,309
+145,537
| +18% | +$31.3M |
|
74
Williams Companies
WMB
$86.1B
| $201M | 0.14% |
2,754,878
+588,778
| +27% | +$40.8M |
|
75
Gaming and Leisure Properties
GLPI
$12.7B
| $194M | 0.13% |
4,378,409
+781,198
| +22% | +$36.2M |
|
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.