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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
NVIDIA
NVDA
$5.54T
| $12.9B | 8.87% |
73,978,086
-4,073,719
| -5% | -$747M |
2016 Q1
40 quarters
|
|
2
Amazon
AMZN
$2.83T
| $8.64B | 5.94% |
41,507,558
-1,929,646
| -4% | -$425M |
2013 Q2
51 quarters
|
|
3
Apple
AAPL
$4.91T
| $8.52B | 5.86% |
33,589,491
-2,079,527
| -6% | -$541M |
2013 Q2
51 quarters
|
|
4
Broadcom
AVGO
$1.73T
| $7.05B | 4.85% |
22,783,092
+890,882
| +4% | +$293M |
2016 Q1
40 quarters
|
|
|
5
Microsoft
MSFT
$3.97T
| $6.62B | 4.55% |
17,883,560
-3,167,730
| -15% | -$1.33B |
2013 Q2
51 quarters
|
|
6
Alphabet (Google) Class A
GOOGL
$4.3T
| $5.71B | 3.93% |
19,856,010
-1,995,269
| -9% | -$627M |
2015 Q4
41 quarters
|
|
7
Eli Lilly
LLY
$1.05T
| $4.65B | 3.2% |
5,060,878
-72,798
| -1% | -$73.8M |
2014 Q4
45 quarters
|
|
8
Meta Platforms (Facebook)
META
$1.83T
| $4.5B | 3.09% |
7,865,939
-484,599
| -6% | -$311M |
2013 Q2
51 quarters
|
|
|
9
Alphabet (Google) Class C
GOOG
$4.25T
| $4.11B | 2.82% |
14,315,477
-259,714
| -2% | -$81.6M |
2013 Q2
51 quarters
|
|
10
TSMC
TSM
$2.35T
| $4.06B | 2.79% |
12,021,825
-1,372,474
| -10% | -$472M |
2023 Q1
12 quarters
|
|
11
Tesla
TSLA
$1.51T
| $3.71B | 2.55% |
9,969,940
-514,908
| -5% | -$212M |
2013 Q2
51 quarters
|
|
|
12
GE Aerospace
GE
$320B
| $3.13B | 2.15% |
11,026,006
+3,017,937
| +38% | +$949M |
2023 Q1
12 quarters
|
|
13
Netflix
NFLX
$293B
| $2.69B | 1.85% |
27,996,134
-6,875,817
| -20% | -$606M |
2013 Q2
51 quarters
|
|
14
Mastercard
MA
$516B
| $2.56B | 1.76% |
5,123,041
+480,725
| +10% | +$253M |
2013 Q2
51 quarters
|
|
15
Walmart Inc
WMT
$883B
| $2.48B | 1.71% |
19,951,179
-102,676
| -0.5% | -$12.6M |
2016 Q3
38 quarters
|
|
16
Costco
COST
$420B
| $2.3B | 1.58% |
2,312,440
+84,805
| +4% | +$82.6M |
2013 Q2
51 quarters
|
|
17
Visa
V
$724B
| $2.09B | 1.44% |
6,922,544
-173,514
| -2% | -$55.8M |
2013 Q2
51 quarters
|
|
18
Boeing
BA
$150B
| $2.04B | 1.4% |
10,232,501
+68,794
| +0.7% | +$15.7M |
2023 Q4
9 quarters
|
|
19
Shopify
SHOP
$220B
| $1.93B | 1.33% |
16,299,259
-2,667,148
| -14% | -$350M |
2024 Q4
5 quarters
|
|
20
Advanced Micro Devices
AMD
$993B
| $1.92B | 1.32% |
9,427,377
-1,482,933
| -14% | -$317M |
2025 Q3
2 quarters
|
|
21
Constellation Energy
CEG
$106B
| $1.84B | 1.27% |
6,604,433
-375,790
| -5% | -$114M |
2022 Q1
16 quarters
|
|
22
Cadence Design Systems
CDNS
$97.2B
| $1.6B | 1.1% |
5,761,905
-1,953,645
| -25% | -$583M |
2021 Q4
17 quarters
|
|
|
23
Palantir
PLTR
$502B
| $1.57B | 1.08% |
+10,760,942
| New | +$1.65B |
2026 Q1
0 quarters
|
|
|
24
CrowdStrike
CRWD
$282B
| $1.49B | 1.03% |
15,316,496
-6,714,844
| -30% | -$712M |
2020 Q1
24 quarters
|
|
25
Intuitive Surgical
ISRG
$150B
| $1.4B | 0.96% |
3,041,010
-168,127
| -5% | -$85.1M |
2017 Q4
33 quarters
|
|
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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.