undamentalytics Newsletter
Sign in

Funds (13F)

Jennison Associates LLC

Backtest from 9 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+16.9%
S&P 500 +13.9%
Last 12 months
+4.7%
S&P 500 +12.1%
Sharpe ratio
0.78
S&P 500 0.77
Biggest drop
−42.2%
S&P 500 −31.8%
$10.0k$20.0k$40.0k$80.0k 2013201520172019202120232025 $78.8k$55.9k
Jennison Associates LLCS&P 500 $10,000 in Jennison Associates LLC from 9 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Jennison Associates LLC's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Jennison Associates LLC's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+16.9%+13.9%
Total return+688%+459%
Last 12 months+4.7%+12.1%
Last 3 months+0.9%—
Last month−5.0%—
This year so far+6.2%—
Volatility a year20.0%16.0%
Sharpe ratio0.780.77
Biggest drop−42.2%−31.8%
Beta to the S&P 5001.161.00
Alpha a year (t-statistic)+1.4% (0.66)—
Share of weeks up58%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
NVDA8.0%——
AAPL5.9%——
AMZN5.4%——
AVGO5.0%——
GOOGL4.2%——
LLY4.1%——
MSFT3.8%——
AMD3.6%——
TSM3.2%——
META2.6%——
GE2.5%——
TSLA2.2%——
CRWD1.8%——
MA1.6%——
V1.5%——
WMT1.3%——
BA1.3%——
COST1.3%——
NFLX1.2%——
DDOG1.1%——
CDNS1.1%——
APH1.0%——
SNOW1.0%——
LRCX0.9%——
VRTX0.9%——
KLAC0.9%——
ISRG0.9%——
CEG0.9%——
NET0.8%——
SPOT0.8%——
SPCX0.8%——
GS0.8%——
DIS0.7%——
NBIS0.7%——
SNDK0.7%——
HLT0.7%——
PLTR0.6%——
GEV0.6%——
APP0.6%——
TXN0.6%——
ORCL0.5%——
ORLY0.5%——
SHOP0.5%——
BE0.5%——
CRS0.5%——
CRDO0.5%——
MU0.4%——
TJX0.4%——
ABNB0.3%——
NEE0.3%——
VRT0.3%——
NI0.3%——
LYV0.3%——
CRWV0.3%——
JPM0.3%——
FWONK0.2%——
KEYS0.2%——
MRK0.2%——
MELI0.2%——
UNH0.2%——
BAC0.2%——
CNP0.2%——
HWM0.2%——
STRL0.2%——
CSCO0.2%——
PNC0.2%——
VST0.2%——
SBUX0.2%——
NVT0.2%——
MPWR0.2%——
SHEL0.2%——
PH0.2%——
UBER0.1%——
ETR0.1%——
TOL0.1%——
MTB0.1%——
TFC0.1%——
LNG0.1%——
MET0.1%——
ONTO0.1%——
UNP0.1%——
ARGX0.1%——
SRE0.1%——
CB0.1%——
ASML0.1%——
GLPI0.1%——
WMB0.1%——
DELL0.1%——
IDA0.1%——
SO0.1%——
AEP0.1%——
EMBJ0.1%——
ABBV0.1%——
CLS0.1%——
HOOD0.1%——
JCI0.1%——
ROIV0.1%——
RL0.1%——
AEE0.1%——
EWBC0.1%——
XEL0.1%——
PVLA0.1%——
EGO0.1%——
ESI0.1%——
MKL0.1%——
PCG0.1%——
RTX0.1%——
EBC0.1%——
PTGX0.1%——
LSCC0.1%——
GM0.1%——
WTFC0.1%——
DASH0.1%——
SEI0.1%——
CPT0.1%——
TMO0.1%——
KTB0.1%——
LNC0.1%——
LNT0.1%——
SRRK0.1%——
LFST0.1%——
PLD0.1%——
IMVT0.1%——
PPL0.1%——
AZN0.1%——
FIX0.1%——
RUSHA0.1%——
NDSN0.1%——
AMAT0.1%——
HXL0.1%——
KEX0.1%——
CAT0.1%——
CMS0.1%——
NOC0.1%——
ABCB0.1%——
MRSH0.1%——
DHR0.1%——
AXS0.1%——
PEP0.1%——
ROK0.1%——
CHDN0.1%——
VLO0.1%——
WCC0.1%——
DORM0.1%——
ELAN0.1%——
ARQT0.1%——
WULF0.1%——
IBM0.1%——
PWR0.1%——
AAMI0.1%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest9 Aug 2013 to 2 Nov 2026+16.9%+13.9%0.780.77−42.2%1.16+1.4% (0.66)
2018 onwards5 Jan 2018 to 2 Nov 2026+15.9%+13.9%0.640.66−42.2%1.17+0.6% (0.22)
Last three years3 Nov 2023 to 2 Nov 2026+22.1%+21.8%0.921.16−22.5%1.29−3.6% (−1.06)
Last year7 Nov 2025 to 2 Nov 2026+7.8%+14.2%0.300.84−13.1%1.29−8.0% (−1.38)
DateCompanyAction
7 Aug 2026WTTRBought
7 Aug 2026WTBought
7 Aug 2026VRRMBought
7 Aug 2026VICRBought
7 Aug 2026TXRHBought
7 Aug 2026THBought
7 Aug 2026SYREBought
7 Aug 2026SYNABought
7 Aug 2026SYKBought
7 Aug 2026SPTXBought
7 Aug 2026SPHRBought
7 Aug 2026SPCXBought
7 Aug 2026SNDKBought
7 Aug 2026SNDABought
7 Aug 2026SAIABought
7 Aug 2026RKLBBought
7 Aug 2026RGTIBought
7 Aug 2026QNTBought
7 Aug 2026QBTSBought
7 Aug 2026PTENBought
7 Aug 2026PRGSBought
7 Aug 2026PLUGBought
7 Aug 2026PDFSBought
7 Aug 2026OKLOBought
7 Aug 2026NVTBought

Dated at the rebalance that made the change.

DateCompanyAction
7 Aug 2026XYLSold
7 Aug 2026XRAYSold
7 Aug 2026XPSold
7 Aug 2026WSSold
7 Aug 2026WRLDSold
7 Aug 2026WAYSold
7 Aug 2026VRDNSold
7 Aug 2026VERXSold
7 Aug 2026VALSold
7 Aug 2026URBNSold
7 Aug 2026UMHSold
7 Aug 2026TRNOSold
7 Aug 2026TECHSold
7 Aug 2026SPXCSold
7 Aug 2026SIGISold
7 Aug 2026SAPSold
7 Aug 2026RYANSold
7 Aug 2026RUNSold
7 Aug 2026RSKDSold
7 Aug 2026RIOTSold
7 Aug 2026REGNSold
7 Aug 2026RDDTSold
7 Aug 2026RBLXSold
7 Aug 2026PODDSold
7 Aug 2026PACBSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest