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 | |
|---|---|---|---|---|---|---|---|
76
Toll Brothers
TOL
$13.9B
| $234M | 0.14% |
1,420,703
+2,160
| +0.2% | +$307K |
2020 Q2
24 quarters
|
|
77
M&T Bank
MTB
$31.7B
| $232M | 0.14% |
974,692
-617
| -0.1% | -$135K |
2025 Q1
5 quarters
|
|
78
Truist Financial
TFC
$60.2B
| $231M | 0.14% |
4,631,705
+607,400
| +15% | +$29.9M |
2016 Q3
39 quarters
|
|
79
Cheniere Energy
LNG
$61.8B
| $227M | 0.14% |
948,048
+118,827
| +14% | +$29.6M |
2016 Q2
40 quarters
|
|
80
MetLife
MET
$64.8B
| $226M | 0.14% |
2,669,463
+73,005
| +3% | +$5.89M |
2013 Q2
52 quarters
|
|
81
Onto Innovation
ONTO
$10.7B
| $225M | 0.13% |
594,166
+29,861
| +5% | +$8.45M |
2025 Q3
3 quarters
|
|
82
Union Pacific
UNP
$179B
| $220M | 0.13% |
808,441
+115,192
| +17% | +$30.2M |
2013 Q2
52 quarters
|
|
83
argenx
ARGX
$61.4B
| $210M | 0.13% |
226,200
-11,268
| -5% | -$9.3M |
2017 Q2
36 quarters
|
|
84
ExxonMobil
XOM
$678B
| $193M | 0.12% |
1,409,792
+206,811
| +17% | +$31M |
2021 Q1
21 quarters
|
|
85
Sempra
SRE
$51.4B
| $190M | 0.11% |
2,045,621
-66,448
| -3% | -$6.18M |
2013 Q2
52 quarters
|
|
86
Chubb
CB
$141B
| $186M | 0.11% |
545,906
+25,523
| +5% | +$8.32M |
2015 Q3
43 quarters
|
|
87
ASML
ASML
$598B
| $184M | 0.11% |
92,700
-22,853
| -20% | -$36.4M |
2018 Q4
30 quarters
|
|
88
Gaming and Leisure Properties
GLPI
$11.4B
| $184M | 0.11% |
4,121,107
-257,302
| -6% | -$12M |
2016 Q2
40 quarters
|
|
89
Williams Companies
WMB
$86.1B
| $182M | 0.11% |
2,442,793
-312,085
| -11% | -$23M |
2016 Q3
39 quarters
|
|
90
Dell
DELL
$243B
| $180M | 0.11% |
417,214
-438,046
| -51% | -$127M |
2023 Q2
12 quarters
|
|
91
Idacorp
IDA
$8.61B
| $180M | 0.11% |
1,187,372
-309,970
| -21% | -$44.6M |
2025 Q1
5 quarters
|
|
92
Southern Company
SO
$109B
| $179M | 0.11% |
1,870,949
-59,466
| -3% | -$5.6M |
2022 Q3
15 quarters
|
|
93
American Electric Power
AEP
$70.1B
| $175M | 0.1% |
1,275,581
+782,496
| +159% | +$103M |
2024 Q1
9 quarters
|
|
94
Embraer S.A. ADS
EMBJ
$14.7B
| $174M | 0.1% |
2,732,952
-2,650,768
| -49% | -$163M |
2024 Q1
9 quarters
|
|
95
AbbVie
ABBV
$518B
| $171M | 0.1% |
679,544
-383,188
| -36% | -$82.4M |
2020 Q1
25 quarters
|
|
96
Celestica
CLS
$30.9B
| $168M | 0.1% |
+461,594
| New | +$173M |
2026 Q2
0 quarters
|
|
97
Robinhood
HOOD
$77.4B
| $161M | 0.1% |
1,605,609
+155,907
| +11% | +$13.1M |
2025 Q3
3 quarters
|
|
98
Johnson Controls International
JCI
$88.4B
| $159M | 0.1% |
1,088,873
-65,442
| -6% | -$9.24M |
2017 Q3
35 quarters
|
|
99
Roivant Sciences
ROIV
$30.4B
| $159M | 0.1% |
4,481,964
+1,499,165
| +50% | +$44.3M |
2025 Q4
2 quarters
|
|
100
Ralph Lauren
RL
$23.4B
| $158M | 0.09% |
393,234
-200,303
| -34% | -$74.6M |
2021 Q1
21 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.