Jennison Growth Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, Jennison Growth Portfolio held 59 positions with $2.87B in net assets. Its ten largest holdings made up 54.3% of the fund. Its share classes cost 0.54%–0.79% a year. Over the 12 months to May 2026, it returned 22.9%, with dividends reinvested. In 2026 Q2 it added 16 new positions and exited 3.
Long-term growth of capital.
The fund is subadvised by Jennison Associates LLC, which invests at least 65% of assets in equity securities of U.S. companies with market capitalizations exceeding $1 billion, focusing on medium-to-large cap stocks with above-average earnings growth, strong market positions, and improving profitability that trade at high valuations relative to current earnings. The subadviser may also hold up to 20% in money market instruments and U.S. Government securities, and up to 20% in foreign securities. Because performance depends on Jennison's earnings forecasts and stock selection decisions, results will diverge from broad market benchmarks based on the accuracy of those forecasts and the relative performance of the selected holdings.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 10.47% | $301.02M | 1.5M | $200.09 |
AAPLApple Inc | 6.81% | $195.74M | 676.4K | $289.36 |
AVGOBroadcom Inc | 6.61% | $189.84M | 502.5K | $377.75 |
AMZNAmazon.com Inc | 5.86% | $168.52M | 707.1K | $238.34 |
5.05% | $145.14M | 121.0K | $1,199.43 | |
MSFTMicrosoft Corp | 4.35% | $125.04M | 335.2K | $373.02 |
4.15% | $119.40M | 205.5K | $580.91 | |
GOOGLAlphabet Inc | 3.86% | $111.06M | 310.8K | $357.37 |
GOOGAlphabet Inc | 3.80% | $109.33M | 309.4K | $353.33 |
3.31% | $95.16M | 168.9K | $563.29 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 59 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.60% |
| Cash & short-term | 0.53% |
By sector
- Information Technology
- 47.9%
- Communication Services
- 13.4%
- Consumer Discretionary
- 12.7%
- Health Care
- 7.0%
- 7 other sectors
- 18.9%
- Information Technology
- 47.9%
- Communication Services
- 13.4%
- Consumer Discretionary
- 12.7%
- Health Care
- 7.0%
- Industrials
- 5.4%
- Financials
- 5.2%
- International
- 3.7%
- Consumer Staples
- 2.9%
- Utilities
- 1.2%
- Other
- 0.5%
- Cash
- 0.1%
How it has done
C000017793 share class · total returns with dividends reinvested
Volatility over the last 12 months: 18.80%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
Jennison Growth Portfolio is an actively managed U.S. equity fund. 41% of Jennison Growth Portfolio’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.54% – 0.79%
- Portfolio turnover
- 27.00% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
16 new· the largest 8
3 exited
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