JENNISON ASSOCIATES LLC
Long book
$145.41B
Q1 2026
Positions
562
Top-10 weight
46%
concentration
Last quarter
+17.8%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsJENNISON ASSOCIATES LLC is an institutional manager, running a $145.41B US long book across 562 positions.
The portfolio is moderately concentrated (top 10 ≈ 46% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: NVIDIA CORP, AMAZON.COM INC, APPLE INC, BROADCOM INC, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+6.7%
Q2 2024
+3.0%
Q3 2024
+5.5%
Q4 2024
-8.6%
Q1 2025
+19.3%
Q2 2025
+5.6%
Q3 2025
+0.9%
Q4 2025
-9.0%
Q1 2026
+17.8%
Sector allocation
Technology 48%
Consumer discretionary 11%
Industrials 11%
Healthcare 9%
Services media 8%
Utilities 5%
Financials 4%
Communications 1%
Long book by quarter
What does JENNISON ASSOCIATES own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 74.0M | $12.90B | 8.9% | -5.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 41.5M | $8.64B | 5.9% | -4.4% |
| AAPL APPLE INC | Technology | 33.6M | $8.52B | 5.9% | -5.8% |
| AVGO BROADCOM INC | Technology | 22.8M | $7.05B | 4.8% | +4.1% |
| MSFT MICROSOFT CORP | Technology | 17.9M | $6.62B | 4.6% | -15.0% |
| GOOGL ALPHABET INC-CL A | Technology | 19.9M | $5.71B | 3.9% | -9.1% |
| LLY ELI LILLY & CO | Healthcare | 5.1M | $4.65B | 3.2% | -1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 7.9M | $4.50B | 3.1% | -5.8% |
| GOOG ALPHABET INC-CL C | Technology | 14.3M | $4.11B | 2.8% | -1.8% |
| TSLA TESLA INC | Industrials | 10.0M | $3.71B | 2.5% | -4.9% |
| GE GENERAL ELECTRIC | Industrials | 11.0M | $3.13B | 2.2% | +37.7% |
| NFLX NETFLIX INC | Services media | 28.0M | $2.69B | 1.9% | -19.7% |
| MA MASTERCARD INC - A | Services media | 5.1M | $2.56B | 1.8% | +10.4% |
| WMT WALMART INC | Consumer discretionary | 20.0M | $2.48B | 1.7% | -0.5% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.3M | $2.30B | 1.6% | +3.8% |
| V VISA INC-CLASS A SHARES | Services media | 6.9M | $2.09B | 1.4% | -2.4% |
| BA BOEING CO/THE | Industrials | 10.2M | $2.04B | 1.4% | +0.7% |
| SHOP SHOPIFY INC - CLASS A | Technology | 16.3M | $1.93B | 1.3% | -14.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 9.4M | $1.92B | 1.3% | -13.6% |
| CEG CONSTELLATION ENERGY | Utilities | 6.6M | $1.84B | 1.3% | -5.4% |
| CDNS CADENCE DESIGN SYS INC | Technology | 5.8M | $1.60B | 1.1% | -25.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 10.8M | $1.57B | 1.1% | New |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 3.8M | $1.49B | 1.0% | -30.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 3.0M | $1.40B | 1.0% | -5.2% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 2.8M | $1.35B | 0.9% | -7.6% |
| DIS WALT DISNEY CO/THE | Services media | 13.8M | $1.33B | 0.9% | -17.1% |
| APH AMPHENOL CORP-CL A | Technology | 10.2M | $1.29B | 0.9% | -0.2% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 2.7M | $1.22B | 0.8% | -15.7% |
| GS GOLDMAN SACHS GROUP INC | Financials | 1.3M | $1.12B | 0.8% | -2.3% |
| SNOW SNOWFLAKE INC | Technology | 7.2M | $1.08B | 0.7% | -38.3% |
| EW EDWARDS LIFESCIENCES CORP | Healthcare | 13.1M | $1.05B | 0.7% | -5.2% |
| ORCL ORACLE CORP | Technology | 6.9M | $1.02B | 0.7% | -26.3% |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 3.2M | $986.9M | 0.7% | -2.3% |
| APP APPLOVIN CORP-CLASS A | Technology | 2.3M | $915.8M | 0.6% | -15.9% |
| NET CLOUDFLARE INC - CLASS A | Technology | 4.4M | $906.8M | 0.6% | +135.8% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 9.3M | $854.2M | 0.6% | -22.7% |
| GEV GE VERNOVA INC | Industrials | 904.7K | $789.7M | 0.5% | +39.7% |
| MRK MERCK & CO. INC. | Healthcare | 6.2M | $751.7M | 0.5% | +12.4% |
| LRCX LAM RESEARCH CORP | Industrials | 3.4M | $720.7M | 0.5% | +296.9% |
| DDOG DATADOG INC - CLASS A | Technology | 5.9M | $699.2M | 0.5% | -22.3% |
| KLAC KLA CORP | Other | 384.5K | $566.1M | 0.4% | New |
| MELI MERCADOLIBRE INC | Services media | 318.7K | $551.1M | 0.4% | -13.8% |
| NEE NEXTERA ENERGY INC | Utilities | 5.9M | $546.9M | 0.4% | -0.8% |
| TJX TJX COMPANIES INC | Consumer discretionary | 3.3M | $526.6M | 0.4% | +82.8% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 35.9M | $515.2M | 0.4% | -8.9% |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.3M | $448.8M | 0.3% | +12.7% |
| NI NISOURCE INC | Utilities | 9.2M | $430.3M | 0.3% | -2.2% |
| JPM JPMORGAN CHASE & CO | Financials | 1.4M | $407.0M | 0.3% | -1.4% |
| ABNB AIRBNB INC-CLASS A | Services media | 3.2M | $400.7M | 0.3% | +9331.0% |
| BE BLOOM ENERGY CORP- A | Industrials | 2.7M | $364.1M | 0.3% | +20074.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 780 | $145.41B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 30, 2026 | 798 | $166.57B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 778 | $171.77B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 810 | $168.61B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 809 | $142.58B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 801 | $164.68B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 786 | $159.74B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 796 | $156.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 797 | $149.56B | canonical | SEC ↗ |
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