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 | |
|---|---|---|---|---|---|---|
101
Ameren
AEE
$29.4B
| $154M | 0.09% |
1,365,345
-44,221
| -3% | -$4.89M |
|
102
East-West Bancorp
EWBC
$17.7B
| $153M | 0.09% |
1,186,619
-38,496
| -3% | -$4.73M |
|
103
Xcel Energy
XEL
$47.8B
| $149M | 0.09% |
1,858,552
-62,931
| -3% | -$5.02M |
|
|
PVLA
104
Palvella Therapeutics
PVLA
$2.16B
| $147M | 0.09% |
960,619
+320,008
| +50% | +$38.8M |
|
105
Eldorado Gold
EGO
$11.9B
| $147M | 0.09% |
4,716,829
-2,764,019
| -37% | -$90M |
|
106
Element Solutions
ESI
$8.51B
| $147M | 0.09% |
3,069,033
+91,075
| +3% | +$3.78M |
|
107
Markel Group
MKL
$22.5B
| $146M | 0.09% |
74,748
+3,304
| +5% | +$6.17M |
|
108
PG&E
PCG
$36.6B
| $146M | 0.09% |
8,673,570
-268,954
| -3% | -$4.53M |
|
109
RTX Corp
RTX
$285B
| $145M | 0.09% |
764,638
-614,160
| -45% | -$113M |
|
110
Eastern Bankshares
EBC
$5.09B
| $145M | 0.09% |
6,514,253
-331,963
| -5% | -$6.74M |
|
111
Protagonist Therapeutics
PTGX
$9.34B
| $141M | 0.08% |
1,151,681
+79,670
| +7% | +$8.32M |
|
112
Lattice Semiconductor
LSCC
$16.2B
| $141M | 0.08% |
922,462
-450,122
| -33% | -$58.1M |
|
113
General Motors
GM
$75.7B
| $141M | 0.08% |
1,822,937
-533,945
| -23% | -$42M |
|
114
Wintrust Financial
WTFC
$10.3B
| $140M | 0.08% |
872,304
+23,659
| +3% | +$3.56M |
|
115
DoorDash
DASH
$103B
| $138M | 0.08% |
+749,471
| New | +$124M |
|
|
SEI
116
Solaris Energy Infrastructure
SEI
$3.28B
| $136M | 0.08% |
1,691,193
+511,457
| +43% | +$36.6M |
|
117
Camden Property Trust
CPT
$12.3B
| $135M | 0.08% |
1,178,945
-27,909
| -2% | -$2.97M |
|
118
Thermo Fisher Scientific
TMO
$230B
| $135M | 0.08% |
269,128
+30,726
| +13% | +$14.8M |
|
119
Kontoor Brands
KTB
$4.21B
| $134M | 0.08% |
1,603,623
+378,252
| +31% | +$27.6M |
|
120
Lincoln National
LNC
$8.29B
| $133M | 0.08% |
3,772,433
-50,719
| -1% | -$1.82M |
|
121
Alliant Energy
LNT
$17.6B
| $131M | 0.08% |
1,713,259
-52,908
| -3% | -$3.85M |
|
122
Scholar Rock
SRRK
$7.04B
| $130M | 0.08% |
2,358,587
-981,905
| -29% | -$47.4M |
|
123
Lifestance Health
LFST
$4.7B
| $129M | 0.08% |
12,077,557
+1,848,756
| +18% | +$14.3M |
|
124
Prologis
PLD
$134B
| $129M | 0.08% |
951,858
-462,885
| -33% | -$65.6M |
|
125
Immunovant
IMVT
$8.51B
| $128M | 0.08% |
3,310,238
+113,533
| +4% | +$3.46M |
|
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.