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 | |
|---|---|---|---|---|---|---|
76
Toll Brothers
TOL
$14.1B
| $194M | 0.13% |
1,418,543
+327,953
| +30% | +$48.2M |
|
77
Prologis
PLD
$135B
| $187M | 0.13% |
1,414,743
+340,721
| +32% | +$45.5M |
|
78
Southern Company
SO
$107B
| $186M | 0.13% |
1,930,415
+334,152
| +21% | +$30.9M |
|
79
Truist Financial
TFC
$63.4B
| $185M | 0.13% |
4,024,305
+674,840
| +20% | +$33.3M |
|
80
MetLife
MET
$62B
| $184M | 0.13% |
2,596,458
-506,427
| -16% | -$37.9M |
|
81
UnitedHealth
UNH
$377B
| $178M | 0.12% |
658,056
+242,456
| +58% | +$72.2M |
|
|
NBIS
82
Nebius Group N.V.
NBIS
$54B
| $176M | 0.12% |
+1,700,223
| New | +$170M |
|
83
Gilead Sciences
GILD
$163B
| $176M | 0.12% |
1,264,546
+375,359
| +42% | +$52.6M |
|
84
General Motors
GM
$79.3B
| $176M | 0.12% |
2,356,882
+196,391
| +9% | +$15.6M |
|
85
argenx
ARGX
$52B
| $173M | 0.12% |
237,468
+7,707
| +3% | +$6.03M |
|
86
Chubb
CB
$134B
| $170M | 0.12% |
520,383
-34,205
| -6% | -$11M |
|
87
Union Pacific
UNP
$173B
| $168M | 0.12% |
693,249
-153,204
| -18% | -$37.5M |
|
88
Scholar Rock
SRRK
$5.49B
| $164M | 0.11% |
3,340,492
+545,304
| +20% | +$24.4M |
|
89
PG&E
PCG
$38.4B
| $157M | 0.11% |
8,942,524
-190,049
| -2% | -$3.23M |
|
90
Ameren
AEE
$30.3B
| $155M | 0.11% |
1,409,566
-30,761
| -2% | -$3.29M |
|
91
IBM
IBM
$213B
| $154M | 0.11% |
636,258
+73,252
| +13% | +$19.8M |
|
92
Xcel Energy
XEL
$48.5B
| $153M | 0.11% |
1,921,483
-40,312
| -2% | -$3.16M |
|
93
ASML
ASML
$631B
| $153M | 0.11% |
115,553
+39,625
| +52% | +$54.3M |
|
94
Johnson Controls International
JCI
$88.7B
| $151M | 0.1% |
1,154,315
+464,874
| +67% | +$60M |
|
95
Dell
DELL
$277B
| $140M | 0.1% |
855,260
-421,417
| -33% | -$56.1M |
|
96
Bank of America
BAC
$438B
| $140M | 0.1% |
2,872,458
-2,948,816
| -51% | -$152M |
|
97
Markel Group
MKL
$23.3B
| $137M | 0.09% |
71,444
-1,755
| -2% | -$3.56M |
|
98
Lincoln National
LNC
$8.82B
| $136M | 0.09% |
3,823,152
+141,994
| +4% | +$5.46M |
|
99
Eastern Bankshares
EBC
$5.29B
| $134M | 0.09% |
6,846,216
+1,535,094
| +29% | +$30.6M |
|
100
Cencora
COR
$60B
| $134M | 0.09% |
426,092
+252,089
| +145% | +$88M |
|
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.