Jennison Associates Portfolio holdings
Jennison Associates is the research-driven stock investing arm of PGIM, the asset management business of Prudential Financial. It started in 1969, through a predecessor company, managing growth stock accounts of large U.S. companies, mainly for large institutions, and Prudential bought it in 1985. Its growth stock investors believe that rising earnings and cash flow drive share prices, and it also runs long-only and long/short portfolios of global healthcare companies. It began advising mutual funds in 1990 and also manages bond portfolios, choosing investments through its own company-by-company research. Its clients include pension plans, public employee retirement systems, foundations and endowments.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SpaceX
SPCX
|
+$1.27B |
| 2 |
Sandisk
SNDK
|
+$674M |
| 3 |
Credo Technology Group
CRDO
|
+$476M |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
201
Glaukos
GKOS
$14.5B
| $68.7M | 0.04% |
491,498
+4,478
| +0.9% | +$567K |
2026 Q1
1 quarter
|
|
202
Aura Minerals Inc
AUGO
$6.29B
| $67.7M | 0.04% |
1,074,817
+457,439
| +74% | +$36M |
2026 Q1
1 quarter
|
|
203
On Holding
ONON
$11.3B
| $67.2M | 0.04% |
1,897,437
-60,237
| -3% | -$2.2M |
2021 Q3
19 quarters
|
|
204
Southern Copper
SCCO
$140B
| $65.7M | 0.04% |
385,671
-7,977
| -2% | -$1.42M |
2025 Q1
5 quarters
|
|
205
Tower Semiconductor
TSEM
$16.7B
| $65.1M | 0.04% |
249,728
-365,488
| -59% | -$87.6M |
2019 Q3
27 quarters
|
|
206
Ladder Capital
LADR
$1.07B
| $63.8M | 0.04% |
6,409,694
-1,296,719
| -17% | -$13.2M |
2021 Q4
18 quarters
|
|
207
Targa Resources
TRGP
$63.8B
| $62.8M | 0.04% |
234,129
+16,072
| +7% | +$4.13M |
2016 Q1
41 quarters
|
|
208
Sphere Entertainment
SPHR
$4.56B
| $62.5M | 0.04% |
+361,440
| New | +$50.4M |
2026 Q2
0 quarters
|
|
209
Cabaletta Bio
CABA
$276M
| $62.3M | 0.04% |
20,033,730
+11,063,152
| +123% | +$36.4M |
2023 Q1
13 quarters
|
|
210
Ametek
AME
$55.5B
| $61.8M | 0.04% |
255,454
-1,239
| -0.5% | -$285K |
2013 Q2
52 quarters
|
|
211
Encompass Health
EHC
$13.8B
| $61.3M | 0.04% |
606,762
+27,764
| +5% | +$2.88M |
2024 Q4
6 quarters
|
|
212
Cencora
COR
$68.5B
| $60M | 0.04% |
212,092
-214,000
| -50% | -$61.7M |
2025 Q2
4 quarters
|
|
213
Dominion Energy
D
$59.5B
| $59.7M | 0.04% |
874,502
-28,454
| -3% | -$1.85M |
2018 Q3
31 quarters
|
|
214
Align Technology
ALGN
$11.9B
| $59.6M | 0.04% |
353,619
-99,588
| -22% | -$17.3M |
2025 Q4
2 quarters
|
|
215
Renasant Corp
RNST
$3.63B
| $58.4M | 0.04% |
1,372,549
-27,055
| -2% | -$1.09M |
2024 Q3
7 quarters
|
|
216
Atmos Energy
ATO
$29.8B
| $58.1M | 0.03% |
337,122
-8,968
| -3% | -$1.61M |
2024 Q3
7 quarters
|
|
217
Kymera Therapeutics
KYMR
$10.9B
| $57.7M | 0.03% |
502,978
-6,021
| -1% | -$517K |
2024 Q1
9 quarters
|
|
218
Lumentum
LITE
$54.1B
| $57.4M | 0.03% |
+66,862
| New | +$59.6M |
2026 Q2
0 quarters
|
|
219
Terex
TEX
$6.4B
| $56.5M | 0.03% |
779,895
+537,337
| +222% | +$33.6M |
2026 Q1
1 quarter
|
|
220
Chesapeake Utilities
CPK
$3.54B
| $56M | 0.03% |
457,461
-17,402
| -4% | -$2.18M |
2023 Q4
10 quarters
|
|
221
Crown Holdings
CCK
$13.1B
| $55.6M | 0.03% |
497,654
+7,710
| +2% | +$779K |
2023 Q4
10 quarters
|
|
222
Take-Two Interactive
TTWO
$42.7B
| $55.6M | 0.03% |
222,393
-9,016
| -4% | -$1.99M |
2022 Q3
15 quarters
|
|
223
Freshpet
FRPT
$3.26B
| $55.5M | 0.03% |
939,458
+288,256
| +44% | +$16.5M |
2019 Q3
27 quarters
|
|
224
Chefs' Warehouse
CHEF
$4.64B
| $55.5M | 0.03% |
577,047
-35,489
| -6% | -$2.75M |
2023 Q1
13 quarters
|
|
225
Cipher Digital
CIFR
$3.13B
| $53.8M | 0.03% |
2,195,957
-323,324
| -13% | -$6.82M |
2025 Q4
2 quarters
|
|
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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.