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 | |
|---|---|---|---|---|---|---|
|
PR
101
Permian Resources
PR
$17.5B
| $133M | 0.09% |
6,230,034
+2,411,292
| +63% | +$41.6M |
|
102
Gulfport Energy Corp
GPOR
$2.94B
| $131M | 0.09% |
620,847
-50,636
| -8% | -$10.1M |
|
103
AstraZeneca
AZN
$245B
| $131M | 0.09% |
663,945
-1,017,478
| -61% | -$196M |
|
104
East-West Bancorp
EWBC
$18.1B
| $131M | 0.09% |
1,225,115
-40,077
| -3% | -$4.52M |
|
105
Five Below
FIVE
$12B
| $129M | 0.09% |
562,950
-279,821
| -33% | -$58.6M |
|
106
Elbit Systems
ESLT
$38.9B
| $128M | 0.09% |
+150,909
| New | +$116M |
|
107
Lattice Semiconductor
LSCC
$18B
| $127M | 0.09% |
1,372,584
-588,316
| -30% | -$52.7M |
|
108
Alliant Energy
LNT
$18.4B
| $127M | 0.09% |
1,766,167
-39,047
| -2% | -$2.69M |
|
109
CMS Energy
CMS
$22.5B
| $123M | 0.08% |
1,587,659
-32,482
| -2% | -$2.41M |
|
110
Public Service Enterprise Group
PEG
$38.2B
| $122M | 0.08% |
1,502,604
-32,855
| -2% | -$2.69M |
|
111
Tarsus Pharmaceuticals
TARS
$2.68B
| $120M | 0.08% |
1,712,124
-517,945
| -23% | -$36.2M |
|
112
Wintrust Financial
WTFC
$10.9B
| $118M | 0.08% |
848,645
-144,659
| -15% | -$21M |
|
113
Camden Property Trust
CPT
$11B
| $118M | 0.08% |
1,206,854
+603,997
| +100% | +$64M |
|
114
Arcutis Biotherapeutics
ARQT
$3.24B
| $117M | 0.08% |
4,980,770
-1,777,236
| -26% | -$45.4M |
|
115
Thermo Fisher Scientific
TMO
$213B
| $117M | 0.08% |
238,402
-38,709
| -14% | -$21M |
|
116
Micron Technology
MU
$937B
| $116M | 0.08% |
+344,048
| New | +$135M |
|
117
Onto Innovation
ONTO
$13.4B
| $116M | 0.08% |
564,305
-116,517
| -17% | -$23.9M |
|
118
Protagonist Therapeutics
PTGX
$8.51B
| $113M | 0.08% |
1,072,011
+740,847
| +224% | +$65.6M |
|
119
Chevron
CVX
$385B
| $111M | 0.08% |
534,696
-501,806
| -48% | -$91.5M |
|
|
AAMI
120
Acadian Asset Management
AAMI
$3.2B
| $110M | 0.08% |
2,022,207
+112,985
| +6% | +$5.95M |
|
121
TechnipFMC
FTI
$27.1B
| $110M | 0.08% |
1,588,524
-422,653
| -21% | -$25.4M |
|
122
AXIS Capital
AXS
$7.72B
| $109M | 0.07% |
1,071,887
+23,109
| +2% | +$2.37M |
|
123
Ameris Bancorp
ABCB
$5.92B
| $108M | 0.07% |
1,390,012
-351,202
| -20% | -$27.9M |
|
124
Tower Semiconductor
TSEM
$26.5B
| $108M | 0.07% |
615,216
-783,771
| -56% | -$105M |
|
125
Burlington
BURL
$23.2B
| $106M | 0.07% |
326,600
-61,066
| -16% | -$18.7M |
|
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.