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 | |
|---|---|---|---|---|---|---|
126
AT&T
T
$162B
| $106M | 0.07% |
3,647,490
-22,752
| -0.6% | -$608K |
|
127
Exelon
EXC
$47B
| $105M | 0.07% |
2,150,558
-290,275
| -12% | -$13.5M |
|
128
Nordson
NDSN
$16.9B
| $103M | 0.07% |
388,110
+135,757
| +54% | +$37.4M |
|
129
Valero Energy
VLO
$88.5B
| $102M | 0.07% |
413,437
+326,777
| +377% | +$67.4M |
|
130
Churchill Downs
CHDN
$5.82B
| $102M | 0.07% |
1,134,718
-98,777
| -8% | -$9.38M |
|
131
Generac Holdings
GNRC
$11.9B
| $102M | 0.07% |
520,628
+4,985
| +1% | +$957K |
|
132
Element Solutions
ESI
$9.18B
| $102M | 0.07% |
2,977,958
+798,923
| +37% | +$25M |
|
133
RenaissanceRe
RNR
$13.4B
| $101M | 0.07% |
340,577
+98,395
| +41% | +$28.5M |
|
134
Kirby Corp
KEX
$6.98B
| $101M | 0.07% |
758,029
+24,147
| +3% | +$3.06M |
|
135
Robinhood
HOOD
$81.2B
| $100M | 0.07% |
1,449,702
-2,962,334
| -67% | -$260M |
|
136
Applied Materials
AMAT
$411B
| $99.9M | 0.07% |
292,287
+190,056
| +186% | +$63.9M |
|
137
Insmed
INSM
$21.3B
| $98.9M | 0.07% |
604,694
+42,398
| +8% | +$6.52M |
|
138
Vaxcyte
PCVX
$7.73B
| $98.7M | 0.07% |
1,698,011
+1,020,458
| +151% | +$55.4M |
|
139
Carvana
CVNA
$72.7B
| $98.4M | 0.07% |
+1,565,550
| New | +$116M |
|
140
RBC Bearings
RBC
$18B
| $97.4M | 0.07% |
179,339
-13,606
| -7% | -$7.22M |
|
141
Hexcel
HXL
$7.73B
| $95.8M | 0.07% |
1,184,316
-150,686
| -11% | -$12.7M |
|
|
CRWV
142
CoreWeave
CRWV
$46.8B
| $95.1M | 0.07% |
+1,228,027
| New | +$107M |
|
143
Caterpillar
CAT
$382B
| $92M | 0.06% |
129,906
+6,970
| +6% | +$4.83M |
|
144
Urban Edge Properties
UE
$2.85B
| $91.6M | 0.06% |
4,585,256
+1,923,202
| +72% | +$38.7M |
|
145
Rockwell Automation
ROK
$53.5B
| $89.8M | 0.06% |
250,085
+21,679
| +9% | +$8.55M |
|
146
VSE Corp
VSEC
$5.81B
| $89.4M | 0.06% |
484,836
-238,943
| -33% | -$48.6M |
|
147
Regeneron Pharmaceuticals
REGN
$78.2B
| $89M | 0.06% |
+115,199
| New | +$88.2M |
|
148
Gates Industrial Corporation Ltd.
GTES
$7.44B
| $88.3M | 0.06% |
3,904,247
-1,052,620
| -21% | -$25.6M |
|
149
NewAmsterdam Pharma
NAMS
$3.21B
| $88M | 0.06% |
2,750,403
-738,818
| -21% | -$24.1M |
|
|
PPL
150
PPL Corp
PPL
$26.5B
| $88M | 0.06% |
2,303,982
-49,727
| -2% | -$1.83M |
|
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.