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 | |
|---|---|---|---|---|---|---|
76
Toll Brothers
TOL
$13.5B
| $234M | 0.14% |
1,420,703
+2,160
| +0.2% | +$307K |
|
77
M&T Bank
MTB
$34.3B
| $232M | 0.14% |
974,692
-617
| -0.1% | -$135K |
|
78
Truist Financial
TFC
$61.6B
| $231M | 0.14% |
4,631,705
+607,400
| +15% | +$29.9M |
|
79
Cheniere Energy
LNG
$58.3B
| $227M | 0.14% |
948,048
+118,827
| +14% | +$29.6M |
|
80
MetLife
MET
$61.3B
| $226M | 0.14% |
2,669,463
+73,005
| +3% | +$5.89M |
|
81
Onto Innovation
ONTO
$16.6B
| $225M | 0.13% |
594,166
+29,861
| +5% | +$8.45M |
|
82
Union Pacific
UNP
$183B
| $220M | 0.13% |
808,441
+115,192
| +17% | +$30.2M |
|
83
argenx
ARGX
$64B
| $210M | 0.13% |
226,200
-11,268
| -5% | -$9.3M |
|
84
ExxonMobil
XOM
$644B
| $193M | 0.12% |
1,409,792
+206,811
| +17% | +$31M |
|
85
Sempra
SRE
$55.1B
| $190M | 0.11% |
2,045,621
-66,448
| -3% | -$6.18M |
|
86
Chubb
CB
$131B
| $186M | 0.11% |
545,906
+25,523
| +5% | +$8.32M |
|
87
ASML
ASML
$651B
| $184M | 0.11% |
92,700
-22,853
| -20% | -$36.4M |
|
88
Gaming and Leisure Properties
GLPI
$12.4B
| $184M | 0.11% |
4,121,107
-257,302
| -6% | -$12M |
|
89
Williams Companies
WMB
$90.2B
| $182M | 0.11% |
2,442,793
-312,085
| -11% | -$23M |
|
90
Dell
DELL
$295B
| $180M | 0.11% |
417,214
-438,046
| -51% | -$127M |
|
91
Idacorp
IDA
$7.85B
| $180M | 0.11% |
1,187,372
-309,970
| -21% | -$44.6M |
|
92
Southern Company
SO
$102B
| $179M | 0.11% |
1,870,949
-59,466
| -3% | -$5.6M |
|
93
American Electric Power
AEP
$66.6B
| $175M | 0.1% |
1,275,581
+782,496
| +159% | +$103M |
|
|
EMBJ
94
Embraer S.A. ADS
EMBJ
$12.9B
| $174M | 0.1% |
2,732,952
-2,650,768
| -49% | -$163M |
|
95
AbbVie
ABBV
$451B
| $171M | 0.1% |
679,544
-383,188
| -36% | -$82.4M |
|
96
Celestica
CLS
$37.7B
| $168M | 0.1% |
+461,594
| New | +$173M |
|
97
Robinhood
HOOD
$93.7B
| $161M | 0.1% |
1,605,609
+155,907
| +11% | +$13.1M |
|
98
Johnson Controls International
JCI
$84.6B
| $159M | 0.1% |
1,088,873
-65,442
| -6% | -$9.24M |
|
99
Roivant Sciences
ROIV
$25.1B
| $159M | 0.1% |
4,481,964
+1,499,165
| +50% | +$44.3M |
|
100
Ralph Lauren
RL
$21.1B
| $158M | 0.09% |
393,234
-200,303
| -34% | -$74.6M |
|
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.