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 | |
|---|---|---|---|---|---|---|
201
Glaukos
GKOS
$10.6B
| $68.7M | 0.04% |
491,498
+4,478
| +0.9% | +$567K |
|
|
AUGO
202
Aura Minerals Inc
AUGO
$7.09B
| $67.7M | 0.04% |
1,074,817
+457,439
| +74% | +$36M |
|
203
On Holding
ONON
$9.64B
| $67.2M | 0.04% |
1,897,437
-60,237
| -3% | -$2.2M |
|
204
Southern Copper
SCCO
$177B
| $65.7M | 0.04% |
381,626
-7,893
| -2% | -$1.42M |
|
205
Tower Semiconductor
TSEM
$23.5B
| $65.1M | 0.04% |
249,728
-365,488
| -59% | -$87.6M |
|
|
LADR
206
Ladder Capital
LADR
$1.25B
| $63.8M | 0.04% |
6,409,694
-1,296,719
| -17% | -$13.2M |
|
207
Targa Resources
TRGP
$61.7B
| $62.8M | 0.04% |
234,129
+16,072
| +7% | +$4.13M |
|
208
Sphere Entertainment
SPHR
$5.09B
| $62.5M | 0.04% |
+361,440
| New | +$50.4M |
|
209
Cabaletta Bio
CABA
$529M
| $62.3M | 0.04% |
20,033,730
+11,063,152
| +123% | +$36.4M |
|
210
Ametek
AME
$54.2B
| $61.8M | 0.04% |
255,454
-1,239
| -0.5% | -$285K |
|
211
Encompass Health
EHC
$11.9B
| $61.3M | 0.04% |
606,762
+27,764
| +5% | +$2.88M |
|
212
Cencora
COR
$61.5B
| $60M | 0.04% |
212,092
-214,000
| -50% | -$61.7M |
|
213
Dominion Energy
D
$57.7B
| $59.7M | 0.04% |
874,502
-28,454
| -3% | -$1.85M |
|
214
Align Technology
ALGN
$11.2B
| $59.6M | 0.04% |
353,619
-99,588
| -22% | -$17.3M |
|
215
Renasant Corp
RNST
$3.76B
| $58.4M | 0.04% |
1,372,549
-27,055
| -2% | -$1.09M |
|
216
Atmos Energy
ATO
$28.2B
| $58.1M | 0.03% |
337,122
-8,968
| -3% | -$1.61M |
|
217
Kymera Therapeutics
KYMR
$9.82B
| $57.7M | 0.03% |
502,978
-6,021
| -1% | -$517K |
|
218
Lumentum
LITE
$80.3B
| $57.4M | 0.03% |
+66,862
| New | +$59.6M |
|
219
Terex
TEX
$7.28B
| $56.5M | 0.03% |
779,895
+537,337
| +222% | +$33.6M |
|
220
Chesapeake Utilities
CPK
$3.2B
| $56M | 0.03% |
457,461
-17,402
| -4% | -$2.18M |
|
221
Crown Holdings
CCK
$12.9B
| $55.6M | 0.03% |
497,654
+7,710
| +2% | +$779K |
|
222
Take-Two Interactive
TTWO
$44B
| $55.6M | 0.03% |
222,393
-9,016
| -4% | -$1.99M |
|
223
Freshpet
FRPT
$3.4B
| $55.5M | 0.03% |
939,458
+288,256
| +44% | +$16.5M |
|
224
Chefs' Warehouse
CHEF
$4.69B
| $55.5M | 0.03% |
577,047
-35,489
| -6% | -$2.75M |
|
225
Cipher Digital
CIFR
$6.3B
| $53.8M | 0.03% |
2,195,957
-323,324
| -13% | -$6.82M |
|
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.