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JENNISON ASSOCIATES LLC

55 EAST 52ND STREET, NEW YORK, NY 10055 • 2124211000

Q2 2026 · Filed 2026-08-03
Market Value
$166.3B
+14.7%
Holdings
629
-12
New Purchases
78
Added To
191
Closed
74
Reduced
277
Top 10 Concentration
44.7%
Turnover
24.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMD 3.48% 1.32% +2.16% $5.8B
SPCX 0.77% 0.00% +0.77% $1.3B
LLY 3.94% 3.21% +0.73% $6.6B
CRWD 1.73% 1.03% +0.69% $2.9B
SNDK 0.65% 0.00% +0.65% $1.1B
DDOG 1.07% 0.48% +0.59% $1.8B
NBIS 0.66% 0.12% +0.54% $1.1B
KLAC 0.89% 0.39% +0.50% $1.5B
LRCX 0.92% 0.50% +0.42% $1.5B
CRDO 0.43% 0.02% +0.42% $722M
GE 2.45% 2.16% +0.29% $4.1B
MU 0.37% 0.08% +0.29% $611M
TSM 3.07% 2.80% +0.27% $5.1B
VRT 0.27% 0.00% +0.27% $444M
TXN 0.56% 0.31% +0.25% $935M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 7.74% 8.90% -1.15% $12.9B
MSFT 3.66% 4.56% -0.90% $6.1B
SHOP 0.47% 1.33% -0.86% $782M
AMZN 5.24% 5.96% -0.73% $8.7B
EW 0.01% 0.72% -0.71% $22M
NFLX 1.16% 1.86% -0.69% $1.9B
META 2.50% 3.10% -0.61% $4.2B
PLTR 0.61% 1.09% -0.47% $1.0B
WMT 1.26% 1.71% -0.45% $2.1B
CEG 0.83% 1.27% -0.44% $1.4B
TSLA 2.17% 2.56% -0.39% $3.6B
COST 1.22% 1.59% -0.37% $2.0B
NU 0.00% 0.36% -0.35% $653K
MRK 0.21% 0.52% -0.31% $351M
DIS 0.68% 0.92% -0.24% $1.1B

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 40.2%
Communication Services 13.9%
Consumer Cyclical 12.1%
Healthcare 9.0%
Industrials 6.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 66 $116.6B 70.1%
Large Cap 267 $42.0B 25.2%
Mid Cap 223 $6.8B 4.1%
Small Cap 69 $902M 0.5%
Micro Cap 4 $7M 0.0%

Portfolio Analytics

Avg Market Cap
$114.1B
Median Market Cap
$11.5B
Avg P/E
42.2
Median P/E
25.3
Avg Dividend Yield
0.02%
Avg Beta
1.11
# Stocks
611
# ETFs / Funds
18

Top Holdings (629 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.74% 64,347,295 $12.9B $200.09 -$27M -9,630,791 -13.0%
2 AAPL 5.70% 32,780,769 $9.5B $289.36 $961M -808,722 -2.4%
3 AMZN 5.24% 36,528,921 $8.7B $238.34 $62M -4,978,637 -12.0%
4 AVGO 4.86% 21,406,143 $8.1B $377.75 $1.0B -1,376,949 -6.0%
5 GOOGL 4.04% 18,809,377 $6.7B $357.37 $1.0B -1,046,633 -5.3%
6 LLY 3.94% 5,461,416 $6.6B $1,199.43 $1.9B +400,538 +7.9%
7 MSFT 3.66% 16,326,489 $6.1B $373.02 -$530M -1,557,071 -8.7%
8 AMD 3.48% 9,972,952 $5.8B $580.91 $3.9B +545,575 +5.8%
9 TSM 3.07% 10,687,770 $5.1B $477.57 $1.0B -1,334,055 -11.1%
10 GOOG 2.98% 14,012,220 $5.0B $353.33 $844M -303,257 -2.1%
11 META 2.50% 7,368,060 $4.2B $563.29 -$350M -497,879 -6.3%
12 GE 2.45% 10,906,553 $4.1B $373.73 $947M -119,453 -1.1%
13 TSLA 2.17% 8,570,234 $3.6B $420.60 -$102M -1,399,706 -14.0%
14 CRWD 1.73% 3,760,300 $2.9B $763.14 $1.4B -68,824 -1.8%
15 MA 1.54% 4,995,027 $2.6B $513.60 $6M -128,014 -2.5%
16 V 1.43% 6,931,833 $2.4B $343.09 $286M +9,289 +0.1%
17 WMT 1.26% 18,541,042 $2.1B $113.26 -$380M -1,410,137 -7.1%
18 BA 1.24% 9,522,431 $2.1B $216.47 $25M -710,070 -6.9%
19 COST 1.22% 2,166,050 $2.0B $935.47 -$278M -146,390 -6.3%
20 NFLX 1.16% 27,052,012 $1.9B $71.40 -$760M -944,122 -3.4%
21 DDOG 1.07% 6,860,657 $1.8B $260.36 $1.1B +937,770 +15.8%
22 CDNS 1.02% 4,503,061 $1.7B $375.32 $89M -1,258,844 -21.9%
23 APH 0.98% 9,223,778 $1.6B $176.32 $333M -1,014,742 -9.9%
24 SNOW 0.97% 6,340,455 $1.6B $254.50 $533M -823,625 -11.5%
25 LRCX 0.92% 3,526,442 $1.5B $433.33 $807M +153,136 +4.5%
26 VRTX 0.90% 2,998,530 $1.5B $496.73 $266M +258,471 +9.4%
27 KLAC 0.89% 4,886,998 $1.5B $301.71 $908M +4,502,542 +1171.2%
28 ISRG 0.88% 3,669,211 $1.5B $397.68 $57M +628,201 +20.7%
29 CEG 0.83% 5,539,966 $1.4B $248.37 -$468M -1,064,467 -16.1%
30 NET 0.80% 5,419,068 $1.3B $245.28 $422M +1,024,584 +23.3%
31 SPOT 0.78% 2,809,432 $1.3B $459.13 -$58M +30,583 +1.1%
32 SPCX 0.77% 7,448,891 $1.3B $170.86 +7,448,891 NEW
33 GS 0.74% 1,212,589 $1.2B $1,011.37 $108M -109,532 -8.3%
34 DIS 0.68% 11,706,281 $1.1B $96.25 -$206M -2,120,251 -15.3%
35 NBIS 0.66% 3,983,899 $1.1B $276.17 $924M +2,283,676 +134.3%
36 SNDK 0.65% 472,125 $1.1B $2,273.73 +472,125 NEW
37 HLT 0.64% 3,234,104 $1.1B $330.46 $82M -11,464 -0.3%
38 PLTR 0.61% 8,711,763 $1.0B $116.67 -$558M -2,049,179 -19.0%
39 GEV 0.60% 843,117 $991M $1,174.86 $201M -61,586 -6.8%
40 APP 0.56% 1,819,508 $937M $515.23 $22M -481,397 -20.9%
41 TXN 0.56% 3,136,901 $935M $298.07 $486M +825,354 +35.7%
42 ORCL 0.51% 5,793,909 $849M $146.55 -$171M -1,141,156 -16.4%
43 ORLY 0.50% 9,057,929 $834M $92.09 -$20M -195,800 -2.1%
44 SHOP 0.47% 6,846,396 $782M $114.18 -$1.2B -9,452,863 -58.0%
45 BE 0.46% 2,554,512 $773M $302.70 $409M -132,517 -4.9%
46 CRS 0.44% 1,192,686 $736M $616.84 $418M +387,380 +48.1%
47 CRDO 0.43% 2,655,290 $722M $271.95 $699M +2,408,196 +974.6%
48 MU 0.37% 529,195 $611M $1,154.29 $495M +185,147 +53.8%
49 TJX 0.36% 3,995,146 $605M $151.50 $79M +698,007 +21.2%
50 ABNB 0.30% 3,484,879 $499M $143.10 $98M +311,920 +9.8%
51 NEE 0.29% 5,542,601 $486M $87.77 -$60M -345,663 -5.9%
52 VRT 0.27% 1,325,407 $444M $334.82 $443M +1,324,231 +112604.7%
53 NI 0.26% 9,235,389 $439M $47.55 $9M +13,829 +0.1%
54 LYV 0.26% 2,365,884 $433M $183.11 $421M +2,286,797 +2891.5%
55 CRWV 0.24% 4,019,579 $400M $99.54 $305M +2,791,552 +227.3%
56 JPM 0.24% 1,213,493 $397M $327.33 -$10M -170,155 -12.3%
57 FWONK 0.23% 3,945,767 $375M $95.14 +3,945,767 NEW
58 KEYS 0.22% 1,033,424 $362M $350.07 $137M +236,494 +29.7%
59 MRK 0.21% 2,728,958 $351M $128.50 -$401M -3,520,379 -56.3%
60 MELI 0.20% 200,538 $340M $1,697.39 -$211M -118,170 -37.1%
61 UNH 0.20% 806,788 $335M $415.63 $157M +148,732 +22.6%
62 BAC 0.20% 5,727,373 $326M $56.98 $186M +2,854,915 +99.4%
63 CNP 0.20% 7,391,754 $326M $44.04 $1M -125,249 -1.7%
64 HWM 0.19% 1,159,221 $312M $268.86 +1,159,221 NEW
65 STRL 0.19% 369,583 $310M $839.36 $309M +367,602 +18556.4%
66 CSCO 0.18% 2,584,299 $304M $117.46 $26M -995,984 -27.8%
67 PNC 0.18% 1,227,318 $302M $246.22 $10M -176,312 -12.6%
68 VST 0.17% 1,812,863 $288M $158.63 $59M +290,431 +19.1%
69 SBUX 0.17% 2,774,816 $284M $102.19 $282M +2,757,594 +16012.0%
70 NVT 0.16% 1,526,624 $259M $169.61 +1,526,624 NEW
71 MPWR 0.15% 185,502 $256M $1,382.36 $202M +136,108 +275.6%
72 SHEL 0.15% 3,306,805 $256M $77.54 -$64M -137,405 -4.0%
73 PH 0.15% 260,713 $255M $978.12 $21M -1,199 -0.5%
74 UBER 0.15% 3,442,877 $248M $72.16 -$24M -339,579 -9.0%
75 ETR 0.14% 2,081,062 $239M $114.86 $18M +115,803 +5.9%
76 TOL 0.14% 1,420,703 $234M $164.75 $40M +2,160 +0.1%
77 MTB 0.14% 974,692 $232M $238.01 $30M -617 -0.1%
78 TFC 0.14% 4,631,705 $231M $49.82 $46M +607,400 +15.1%
79 LNG 0.14% 948,048 $227M $239.01 -$9M +118,827 +14.3%
80 MET 0.14% 2,669,463 $226M $84.61 $42M +73,005 +2.8%
81 ONTO 0.14% 594,166 $225M $378.45 $109M +29,861 +5.3%
82 UNP 0.13% 808,441 $220M $272.00 $52M +115,192 +16.6%
83 ARGX 0.13% 226,200 $210M $927.77 $36M -11,268 -4.8%
84 XONA.DE 0.12% 1,409,792 $193M $136.72 -$11M +206,811 +17.2%
85 SRE 0.11% 2,045,621 $190M $92.71 -$16M -66,448 -3.1%
86 CB 0.11% 545,906 $186M $340.74 $16M +25,523 +4.9%
87 ASML 0.11% 92,700 $184M $1,989.44 $32M -22,853 -19.8%
88 GLPI 0.11% 4,121,107 $184M $44.53 -$11M -257,302 -5.9%
89 WMB 0.11% 2,442,793 $182M $74.34 -$19M -312,085 -11.3%
90 DELL 0.11% 417,214 $180M $431.46 $40M -438,046 -51.2%
91 IDA 0.11% 1,187,372 $180M $151.30 -$34M -309,970 -20.7%
92 SO 0.11% 1,870,949 $179M $95.71 -$7M -59,466 -3.1%
93 AEP 0.10% 1,275,581 $175M $136.81 $110M +782,496 +158.7%
94 ERJ 0.10% 2,732,952 $174M $63.80 -$145M -2,650,768 -49.2%
95 ABBV 0.10% 679,544 $171M $251.64 -$60M -383,188 -36.1%
96 CLS 0.10% 461,594 $168M $364.80 +461,594 NEW
97 HOOD 0.10% 1,605,609 $161M $100.28 $61M +155,907 +10.8%
98 JCI 0.10% 1,088,873 $159M $146.11 $8M -65,442 -5.7%
99 ROIV 0.10% 4,481,964 $159M $35.39 $76M +1,499,165 +50.3%
100 RL 0.09% 393,234 $158M $401.41 -$46M -200,303 -33.8%

New Positions

SymbolValue% Port
SPCX $1.3B 0.77%
SNDK $1.1B 0.65%
FWONK $375M 0.23%
HWM $312M 0.19%
NVT $259M 0.16%
CLS $168M 0.10%
DASH $138M 0.08%
INTC $108M 0.06%
SYK $102M 0.06%
BELFB $97M 0.06%
DD $73M 0.04%
SPHR $63M 0.04%
LITE $57M 0.03%
ERAS $51M 0.03%
PDFS $51M 0.03%

Sold Out Positions

SymbolValue% Port
EFC —%
SAP —%
LBRT —%
BABA —%
CTRE —%
APAM —%
RBLX —%
DOW —%
RSKD —%
XYL —%
KN —%
ORC —%
EL —%
DUK —%
LEU —%
View SEC EDGAR Filings for JENNISON ASSOCIATES LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms