Asset manager

Jennison Associates LLC

13F for June 30, 2026, filed August 3, 2026 · SEC CIK 53417

Reported value: $166.7bn
Positions we cover: 527
Copy, a year: +16.9%
Copy Sharpe ratio: 0.78

How copying its 13F would have done

CopyS&P 500 $10,000 copying Jennison Associates LLC's filed holdings in companies we cover from August 9, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −42.2% (S&P 500 −31.8%); beta 1.16; alpha +1.4% a year (t = 0.66); last 12 months +4.7% against +12.1%.

Reported value by quarter

Jennison Associates LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$88.8B
2013-09-30	$95.2B
2013-12-31	$101.9B
2014-03-31	$104.3B
2014-06-30	$108.3B
2014-09-30	$107.7B
2014-12-31	$106.9B
2015-03-31	$109B
2015-06-30	$108.8B
2015-09-30	$97.5B
2015-12-31	$101.6B
2016-03-31	$95.2B
2016-06-30	$90.6B
2016-09-30	$92.7B
2016-12-31	$89.5B
2017-03-31	$93B
2017-06-30	$94.1B
2017-09-30	$97.4B
2017-12-31	$101.2B
2018-03-31	$100.5B
2018-06-30	$102.5B
2018-09-30	$108.5B
2018-12-31	$89.3B
2019-03-31	$139.6M
2019-06-30	$100.7B
2019-09-30	$94.6B
2019-12-31	$99.1B
2020-03-31	$82.3B
2020-06-30	$110.6B
2020-09-30	$124.3B
2020-12-31	$140.2B
2021-03-31	$136.6B
2021-06-30	$150.9B
2021-09-30	$154.7B
2021-12-31	$157.7B
2022-03-31	$135.8B
2022-06-30	$100.2B
2022-09-30	$100.6B
2022-12-31	$98.7T
2023-03-31	$109B
2023-06-30	$121.9B
2023-09-30	$117.8B
2023-12-31	$134.2B
2024-03-31	$149.6B
2024-06-30	$156B
2024-09-30	$161.1B
2024-12-31	$164.7B
2025-03-31	$142.6B
2025-06-30	$168.6B
2025-09-30	$171.8B
2025-12-31	$166.6B
2026-03-31	$145.4B
2026-06-30	$166.7B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	7.72%	$12.9bn	64.35M	−13.0% Reduced
AAPLApple Inc.	5.69%	$9.5bn	32.78M	−2.4% Reduced
AMZNAmazon	5.22%	$8.7bn	36.53M	−12.0% Reduced
AVGOBroadcom	4.85%	$8.1bn	21.41M	−6.0% Reduced
GOOGLAlphabet Inc. (Class A)	4.03%	$6.7bn	18.81M	−5.3% Reduced
LLYLilly (Eli)	3.93%	$6.6bn	5.46M	+7.9% Added
MSFTMicrosoft Corporation	3.65%	$6.1bn	16.33M	−8.7% Reduced
AMDAdvanced Micro Devices	3.48%	$5.8bn	9.97M	+5.8% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	3.06%	$5.1bn	10.69M	−11.1% Reduced
METAMeta Platforms	2.49%	$4.2bn	7.37M	−6.3% Reduced
GEGE Aerospace	2.44%	$4.1bn	10.91M	−1.1% Reduced
TSLATesla, Inc.	2.16%	$3.6bn	8.57M	−14.0% Reduced
CRWDCrowdStrike	1.72%	$2.9bn	3.76M	−1.8% Reduced
MAMastercard	1.54%	$2.6bn	5.00M	−2.5% Reduced
VVisa Inc.	1.43%	$2.4bn	6.93M	+0.1%
WMTWalmart	1.26%	$2.1bn	18.54M	−7.1% Reduced
BABoeing	1.24%	$2.1bn	9.52M	−6.9% Reduced
COSTCostco	1.22%	$2.0bn	2.17M	−6.3% Reduced
NFLXNetflix	1.16%	$1.9bn	27.05M	−3.4% Reduced
DDOGDatadog, Inc.	1.07%	$1.8bn	6.86M	+15.8% Added
CDNSCadence Design Systems Inc	1.01%	$1.7bn	4.50M	−21.8% Reduced
APHAmphenol	0.97%	$1.6bn	9.22M	−9.9% Reduced
SNOWSnowflake Inc.	0.97%	$1.6bn	6.34M	−11.5% Reduced
LRCXLam Research	0.92%	$1.5bn	3.53M	+4.5% Added
VRTXVertex Pharmaceuticals	0.89%	$1.5bn	3.00M	+9.4% Added
KLACKLA Corporation	0.88%	$1.5bn	4.89M	+1171.1% Added
ISRGIntuitive Surgical	0.88%	$1.5bn	3.67M	+20.7% Added
CEGConstellation Energy	0.82%	$1.4bn	5.54M	−16.1% Reduced
NETCloudflare, Inc.	0.80%	$1.3bn	5.42M	+23.3% Added
SPOTSpotify Technology S.a.	0.77%	$1.3bn	2.81M	+1.1% Added
SPCXSpace Exploration Technologies Corp	0.76%	$1.3bn	7.45M	New
GSGoldman Sachs	0.74%	$1.2bn	1.21M	−8.3% Reduced
DISThe Walt Disney Company	0.68%	$1.1bn	11.71M	−15.3% Reduced
NBISNebius Group N.V.	0.66%	$1.1bn	3.98M	+134.3% Added
SNDKSandisk	0.64%	$1.1bn	472.1K	New
HLTHilton Worldwide	0.64%	$1.1bn	3.23M	−0.4%
PLTRPalantir Technologies Inc.	0.61%	$1.0bn	8.71M	−19.0% Reduced
GEVGE Vernova	0.59%	$990.5m	843.1K	−6.8% Reduced
APPApplovin Corp	0.56%	$937.5m	1.82M	−20.9% Reduced
TXNTexas Instruments	0.56%	$935.0m	3.14M	+35.7% Added
ORCLOracle Corporation	0.51%	$849.1m	5.79M	−16.5% Reduced
ORLYO'Reilly Automotive	0.50%	$834.1m	9.06M	−2.1% Reduced
SHOPShopify Inc.	0.47%	$781.7m	6.85M	−58.0% Reduced
BEBloom Energy	0.46%	$773.3m	2.55M	−4.9% Reduced
CRSCarpenter Technology Corp	0.44%	$735.7m	1.19M	+48.1% Added
CRDOCredo Technology Group Holding Ltd	0.43%	$722.1m	2.66M	+974.6% Added
MUMicron Technology	0.37%	$610.8m	529.2K	+53.8% Added
TJXTJX Companies	0.36%	$605.3m	4.00M	+21.2% Added
ABNBAirbnb	0.30%	$498.7m	3.48M	+9.8% Added
NEENextEra Energy	0.29%	$486.5m	5.54M	−5.9% Reduced
VRTVertiv	0.27%	$443.8m	1.33M	+112604.7% Added
NINiSource	0.26%	$439.1m	9.24M	+0.1%
LYVLive Nation Entertainment	0.26%	$433.2m	2.37M	+2891.5% Added
CRWVCoreweave, Inc.	0.24%	$400.1m	4.02M	+227.3% Added
JPMJPMorgan Chase	0.24%	$397.2m	1.21M	−12.3% Reduced
FWONKLiberty Media Corp	0.23%	$375.4m	3.95M	New
KEYSKeysight Technologies	0.22%	$361.8m	1.03M	+29.7% Added
MRKMerck & Co.	0.21%	$350.7m	2.73M	−56.3% Reduced
MELIMercadolibre Inc	0.20%	$340.4m	200.5K	−37.1% Reduced
UNHUnitedHealth Group	0.20%	$335.3m	806.8K	+22.6% Added
BACBank of America	0.20%	$326.3m	5.73M	+99.4% Added
CNPCenterPoint Energy	0.20%	$325.5m	7.39M	−1.7% Reduced
HWMHowmet Aerospace	0.19%	$311.7m	1.16M	New
STRLSterling Infrastructure, Inc.	0.19%	$310.2m	369.6K	+18556.4% Added
CSCOCisco	0.18%	$303.6m	2.58M	−27.8% Reduced
PNCPNC Financial Services	0.18%	$302.2m	1.23M	−12.6% Reduced
VSTVistra Corp.	0.17%	$287.6m	1.81M	+19.1% Added
SBUXStarbucks	0.17%	$283.6m	2.77M	+16012.0% Added
NVTnVent Electric plc	0.15%	$258.9m	1.53M	New
MPWRMonolithic Power Systems, Inc.	0.15%	$256.4m	185.5K	+275.6% Added
SHELShell plc	0.15%	$256.4m	3.31M	−4.0% Reduced
PHParker Hannifin	0.15%	$255.0m	260.7K	−0.5%
UBERUber	0.15%	$248.4m	3.44M	−9.0% Reduced
ETREntergy	0.14%	$239.0m	2.08M	+5.9% Added
TOLToll Brothers, Inc.	0.14%	$234.1m	1.42M	+0.2%
MTBM&T Bank	0.14%	$232.0m	974.7K	−0.1%
TFCTruist Financial	0.14%	$230.8m	4.63M	+15.1% Added
LNGCheniere Energy, Inc.	0.14%	$226.6m	948.0K	+14.3% Added
METMetLife	0.14%	$225.9m	2.67M	+2.8% Added
ONTOOnto Innovation Inc.	0.14%	$224.9m	594.2K	+5.3% Added
UNPUnion Pacific Corporation	0.13%	$219.9m	808.4K	+16.6% Added
ARGXArgenx SE	0.13%	$209.9m	226.2K	−4.7% Reduced
SRESempra	0.11%	$189.6m	2.05M	−3.1% Reduced
CBChubb Limited	0.11%	$186.0m	545.9K	+4.9% Added
ASMLAsml Holding NV	0.11%	$184.4m	92.7K	−19.8% Reduced
GLPIGaming & Leisure Properties, Inc.	0.11%	$183.5m	4.12M	−5.9% Reduced
WMBWilliams Companies	0.11%	$181.6m	2.44M	−11.3% Reduced
DELLDell Technologies	0.11%	$180.0m	417.2K	−51.2% Reduced
IDAIdacorp Inc	0.11%	$179.6m	1.19M	−20.7% Reduced
SOSouthern Company	0.11%	$179.1m	1.87M	−3.1% Reduced
AEPAmerican Electric Power	0.10%	$174.5m	1.28M	+158.7% Added
EMBJEmbraer S.a.	0.10%	$174.4m	2.73M	−49.2% Reduced
ABBVAbbVie	0.10%	$171.0m	679.5K	−36.1% Reduced
CLSCelestica Inc	0.10%	$168.4m	461.6K	New
HOODRobinhood Markets	0.10%	$161.0m	1.61M	+10.8% Added
JCIJohnson Controls	0.10%	$159.1m	1.09M	−5.7% Reduced
ROIVRoivant Sciences Ltd.	0.10%	$158.6m	4.48M	+50.3% Added
RLRalph Lauren Corporation	0.10%	$157.8m	393.2K	−33.7% Reduced
AEEAmeren	0.09%	$154.3m	1.37M	−3.1% Reduced
EWBCEast West Bancorp Inc	0.09%	$153.2m	1.19M	−3.1% Reduced
XELXcel Energy	0.09%	$149.2m	1.86M	−3.3% Reduced
PVLAPalvella Therapeutics, Inc.	0.09%	$146.8m	960.6K	+50.0% Added
EGOEldorado Gold Corp	0.09%	$146.6m	4.72M	−36.9% Reduced
ESIElement Solutions Inc	0.09%	$146.5m	3.07M	+3.1% Added
MKLMarkel Group Inc.	0.09%	$146.0m	74.7K	+4.6% Added
PCGPG&E Corporation	0.09%	$145.9m	8.67M	−3.0% Reduced
RTXRTX Corporation	0.09%	$145.1m	764.6K	−44.5% Reduced
EBCEastern Bankshares, Inc.	0.09%	$144.9m	6.51M	−4.8% Reduced
PTGXProtagonist Therapeutics, Inc	0.09%	$141.2m	1.15M	+7.4% Added
LSCCLattice Semiconductor Corp	0.09%	$141.1m	922.5K	−32.8% Reduced
GMGeneral Motors	0.08%	$140.5m	1.82M	−22.7% Reduced
WTFCWintrust Financial Corp	0.08%	$140.2m	872.3K	+2.8% Added
DASHDoorDash	0.08%	$138.3m	749.5K	New
SEISolaris Energy Infrastructure, Inc.	0.08%	$136.1m	1.69M	+43.4% Added
CPTCamden Property Trust	0.08%	$135.0m	1.18M	−2.3% Reduced
TMOThermo Fisher Scientific	0.08%	$134.9m	269.1K	+12.9% Added
KTBKontoor Brands, Inc.	0.08%	$133.6m	1.60M	+30.9% Added
LNCLincoln National Corp	0.08%	$133.4m	3.77M	−1.3% Reduced
LNTAlliant Energy	0.08%	$130.7m	1.71M	−3.0% Reduced
SRRKScholar Rock Holding Corp	0.08%	$129.7m	2.36M	−29.4% Reduced
LFSTLifestance Health Group, Inc.	0.08%	$129.4m	12.08M	+18.1% Added
PLDPrologis	0.08%	$128.9m	951.9K	−32.7% Reduced
IMVTImmunovant, Inc.	0.08%	$127.5m	3.31M	+3.6% Added
PPLPPL Corporation	0.08%	$127.2m	3.50M	+51.9% Added
AZNAstrazeneca PLC	0.08%	$126.4m	666.5K	+0.4%
FIXComfort Systems USA	0.07%	$125.8m	63.5K	+112.4% Added
RUSHARush Enterprises Inc \tx\	0.07%	$124.0m	1.70M	+51.6% Added
NDSNNordson Corporation	0.07%	$120.2m	398.5K	+2.7% Added
AMATApplied Materials	0.07%	$119.9m	165.8K	−43.3% Reduced
HXLHexcel Corp	0.07%	$119.4m	1.19M	+0.8% Added
KEXKirby Corp	0.07%	$117.6m	865.1K	+14.1% Added
CATCaterpillar Inc.	0.07%	$116.3m	109.2K	−15.9% Reduced
CMSCMS Energy	0.07%	$116.1m	1.52M	−4.4% Reduced
NOCNorthrop Grumman	0.07%	$115.4m	226.6K	−32.4% Reduced
ABCBAmeris Bancorp	0.07%	$115.1m	1.27M	−8.3% Reduced
MRSHMarsh McLennan	0.07%	$113.9m	683.3K	+207.0% Added
DHRDanaher Corporation	0.07%	$113.9m	597.8K	+61.2% Added
AXSAxis Capital Holdings LTD	0.07%	$113.6m	1.06M	−1.4% Reduced
PEPPepsiCo	0.07%	$113.5m	838.6K	+58.5% Added
ROKRockwell Automation	0.07%	$112.9m	228.1K	−8.8% Reduced
CHDNChurchill Downs Inc	0.07%	$112.7m	1.26M	+10.8% Added
VLOValero Energy	0.07%	$112.7m	432.7K	+4.7% Added
WCCWesco International Inc	0.07%	$111.4m	322.6K	+1.1% Added
DORMDorman Products, Inc.	0.07%	$111.2m	814.9K	−1.4% Reduced
ELANElanco Animal Health Inc	0.07%	$111.0m	4.51M	+44.5% Added
ARQTArcutis Biotherapeutics, Inc.	0.07%	$110.6m	4.22M	−15.3% Reduced
WULFTerawulf Inc.	0.07%	$110.4m	4.47M	+20.7% Added
IBMIBM	0.07%	$109.7m	389.9K	−38.7% Reduced
PWRQuanta Services	0.07%	$109.5m	152.0K	+20.0% Added
AAMIAcadian Asset Management Inc.	0.07%	$109.2m	1.53M	−24.5% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$1.4bn	4.50M
SPCXSpace Exploration Technologies Corp	$1.3bn	7.45M
SNDKSandisk	$1.1bn	472.1K
CRDOCredo Technology Group Holding Ltd	$654.9m	2.41M
NBISNebius Group N.V.	$630.7m	2.28M
LLYLilly (Eli)	$480.4m	400.5K
VRTVertiv	$443.4m	1.32M
LYVLive Nation Entertainment	$418.7m	2.29M
FWONKLiberty Media Corp	$375.4m	3.95M
AMDAdvanced Micro Devices	$316.9m	545.6K
HWMHowmet Aerospace	$311.7m	1.16M
STRLSterling Infrastructure, Inc.	$308.6m	367.6K
SBUXStarbucks	$281.8m	2.76M
CRWVCoreweave, Inc.	$277.9m	2.79M
NVTnVent Electric plc	$258.9m	1.53M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
NVDANVIDIA Corporation	−$1.9bn	−9.63M
AMZNAmazon	−$1.2bn	−4.98M
EWEdwards Lifesciences	−$1.2bn	−12.83M
SHOPShopify Inc.	−$1.1bn	−9.45M
TSMTaiwan Semiconductor Manufacturing Co LTD	−$637.1m	−1.33M
TSLATesla, Inc.	−$588.7m	−1.40M
MSFTMicrosoft Corporation	−$580.8m	−1.56M
AVGOBroadcom	−$520.1m	−1.38M
NUNu Holdings Ltd.	−$478.3m	−35.80M
CDNSCadence Design Systems Inc	−$472.5m	−1.26M
MRKMerck & Co.	−$452.4m	−3.52M
AXONAxon Enterprise	−$416.0m	−742.1K
GOOGLAlphabet Inc. (Class A)	−$374.0m	−1.05M
METAMeta Platforms	−$280.5m	−497.9K
CEGConstellation Energy	−$264.4m	−1.06M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
GILDGilead Sciences	$176.2m	1.26M
REGNRegeneron Pharmaceuticals	$89.0m	115.2K
DXCMDexcom	$65.8m	1.05M
DOWDow Inc.	$57.8m	1.39M
BSXBoston Scientific	$56.3m	897.8K
GEHCGE HealthCare	$49.5m	695.0K
DUKDuke Energy	$33.4m	254.9K
XYLXylem Inc.	$32.9m	275.7K
OPCHOption Care Health, Inc.	$32.7m	1.21M
FUTUFutu Holdings Ltd	$28.9m	211.5K
OLMAOlema Pharmaceuticals, Inc.	$27.2m	1.82M
ELThe Estée Lauder Companies	$26.9m	374.8K
XPXP Inc.	$25.8m	1.36M
RBLXRoblox Corp	$24.8m	438.3K
LNNLindsay Corp	$21.9m	183.7K
FIBKFirst Interstate Bancsystem Inc	$19.6m	586.7K
ABTAbbott Laboratories	$19.5m	189.9K
MLMMartin Marietta Materials	$19.0m	32.3K
HEIHeico Corp	$18.4m	67.1K
PODDInsulet Corporation	$14.7m	70.1K
UMHUMH Properties, Inc.	$13.5m	933.0K
OLEDUniversal Display Corp \pa\	$12.9m	140.6K
WAYWaystar Holding Corp.	$12.4m	516.1K
XRAYDentsply Sirona Inc.	$12.4m	1.07M
VERXVertex, Inc.	$11.7m	982.2K
BABAAlibaba Group Holding Ltd	$10.5m	83.6K
ANROAlto Neuroscience, Inc.	$8.7m	386.4K
SAPSAP SE	$8.3m	48.3K
BRCBBlack Rock Coffee Bar, Inc.	$7.5m	583.8K
AVTXAvalo Therapeutics, Inc.	$7.0m	470.8K

Technology45.7%
Consumer Discretionary10.8%
Communication Services10.1%
Industrials9.3%
Health Care8.9%
Financials6.3%
Utilities3.3%
Consumer Staples2.8%
Energy1.3%
Materials0.9%
Real Estate0.5%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 9, 2013 to November 2, 2026	+16.9%	+13.9%	0.78	0.77	−42.2%	1.16
2018 onwardsJanuary 5, 2018 to November 2, 2026	+15.9%	+13.9%	0.64	0.66	−42.2%	1.17
Last three yearsNovember 3, 2023 to November 2, 2026	+22.1%	+21.8%	0.92	1.16	−22.5%	1.29
Last yearNovember 7, 2025 to November 2, 2026	+7.8%	+14.2%	0.30	0.84	−13.1%	1.29

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.