— Know what they know.
Not Investment Advice
Hedge Fund ← All Institutions

JENNISON ASSOCIATES LLC

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

Q3 2025 · Filed 2025-10-30
Market Value
$171.2B
+2.2%
Holdings
644
+21
New Purchases
87
Added To
189
Closed
99
Reduced
251
Top 10 Concentration
47.6%
Turnover
28.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.57% 3.97% +1.60% $9.5B
ORCL 1.52% 0.06% +1.46% $2.6B
TSLA 2.83% 1.50% +1.34% $4.9B
GOOGL 2.71% 1.56% +1.16% $4.6B
APP 1.63% 0.52% +1.11% $2.8B
NVDA 9.61% 8.58% +1.03% $16.5B
SHOP 1.64% 0.79% +0.85% $2.8B
GOOG 2.02% 1.31% +0.70% $3.5B
AVGO 4.29% 3.82% +0.47% $7.3B
TSM 2.05% 1.63% +0.43% $3.5B
GE 1.48% 1.07% +0.42% $2.5B
AMD 0.37% 0.00% +0.37% $627M
SE 0.62% 0.41% +0.22% $1.1B
HOOD 0.19% 0.00% +0.19% $323M
APH 0.17% 0.00% +0.17% $288M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NFLX 3.30% 4.49% -1.19% $5.7B
VRTX 0.79% 1.63% -0.84% $1.4B
NVO 0.04% 0.78% -0.74% $68M
LLY 1.87% 2.53% -0.66% $3.2B
TTD 0.00% 0.61% -0.61% $5M
SPOT 1.26% 1.79% -0.53% $2.2B
PGR 0.01% 0.51% -0.51% $14M
RACE 0.05% 0.54% -0.49% $83M
META 5.02% 5.48% -0.46% $8.6B
MELI 1.48% 1.93% -0.44% $2.5B
MCO 0.00% 0.40% -0.40% $8M
UBER 0.62% 0.99% -0.37% $1.1B
COST 1.53% 1.87% -0.35% $2.6B
CAVA 0.00% 0.32% -0.32% $202K
ABNB 0.04% 0.36% -0.31% $74M

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 51 $107.7B 62.9%
Large Cap 276 $56.1B 32.8%
Mid Cap 224 $6.1B 3.5%
Small Cap 89 $1.3B 0.8%
Micro Cap 4 $16M 0.0%

Portfolio Analytics

Avg Market Cap
$101.4B
Median Market Cap
$10.5B
Avg P/E
35.8
Median P/E
24.9
Avg Dividend Yield
0.01%
Avg Beta
1.09
# Stocks
632
# ETFs / Funds
12

Top Holdings (644 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 9.61% 88,210,227 $16.5B $186.58 $2.1B -2,752,231 -3.0%
2 MSFT 6.49% 21,468,902 $11.1B $517.95 $98M -689,567 -3.1%
3 AMZN 5.68% 44,267,097 $9.7B $219.57 -$313M -1,464,526 -3.2%
4 AAPL 5.57% 37,458,386 $9.5B $254.63 $2.9B +5,045,979 +15.6%
5 META 5.02% 11,701,736 $8.6B $734.38 -$592M -743,221 -6.0%
6 AVGO 4.29% 22,267,616 $7.3B $329.91 $940M -973,033 -4.2%
7 NFLX 3.30% 4,713,051 $5.7B $1,198.92 -$1.9B -904,125 -16.1%
8 TSLA 2.83% 10,909,666 $4.9B $444.72 $2.3B +3,021,550 +38.3%
9 GOOGL 2.71% 19,121,915 $4.6B $243.10 $2.0B +4,303,643 +29.0%
10 TSM 2.05% 12,591,542 $3.5B $279.29 $788M +544,750 +4.5%
11 GOOG 2.02% 14,170,542 $3.5B $243.55 $1.3B +1,786,163 +14.4%
12 LLY 1.87% 4,196,472 $3.2B $763.00 -$1.0B -1,251,164 -23.0%
13 CDNS 1.79% 8,731,648 $3.1B $351.26 $190M -606,454 -6.5%
14 MA 1.75% 5,267,730 $3.0B $568.81 -$404M -783,274 -12.9%
15 SHOP 1.64% 18,923,431 $2.8B $148.61 $1.5B +7,403,821 +64.3%
16 CRWD 1.63% 5,705,412 $2.8B $490.38 -$316M -407,688 -6.7%
17 APP 1.63% 3,886,150 $2.8B $718.54 $1.9B +1,381,970 +55.2%
18 COST 1.53% 2,824,116 $2.6B $925.63 -$523M -345,078 -10.9%
19 ORCL 1.52% 9,227,252 $2.6B $281.24 $2.5B +8,800,546 +2062.4%
20 V 1.50% 7,502,839 $2.6B $341.38 -$55M +133,919 +1.8%
21 MELI 1.48% 1,086,283 $2.5B $2,336.94 -$690M -148,957 -12.1%
22 GE 1.48% 8,430,878 $2.5B $300.82 $751M +1,494,541 +21.6%
23 BA 1.43% 11,365,276 $2.5B $215.83 -$190M -1,250,326 -9.9%
24 DIS 1.35% 20,164,896 $2.3B $114.50 -$255M -512,025 -2.5%
25 WMT 1.27% 21,023,710 $2.2B $103.06 -$224M -3,426,361 -14.0%
26 SPOT 1.26% 3,089,333 $2.2B $698.00 -$845M -821,455 -21.0%
27 SNOW 1.20% 9,083,889 $2.0B $225.55 $259M +1,083,222 +13.5%
28 NOW 1.19% 2,218,627 $2.0B $920.28 -$402M -158,087 -6.7%
29 CEG 1.14% 5,915,539 $1.9B $329.07 $24M -41,027 -0.7%
30 ORLY 0.87% 13,889,043 $1.5B $107.81 $225M -227,933 -1.6%
31 VRTX 0.79% 3,454,947 $1.4B $391.64 -$1.4B -2,696,558 -43.8%
32 ISRG 0.75% 2,887,378 $1.3B $447.23 -$405M -235,012 -7.5%
33 HLT 0.72% 4,750,891 $1.2B $259.44 -$1M +119,172 +2.6%
34 EW 0.63% 13,958,774 $1.1B $77.77 $173M +2,287,783 +19.6%
35 SE 0.62% 5,987,445 $1.1B $178.73 $388M +1,720,845 +40.3%
36 UBER 0.62% 10,840,903 $1.1B $97.97 -$592M -6,885,566 -38.8%
37 NKE 0.48% 11,838,528 $826M $69.73 $234M +3,518,666 +42.3%
38 GS 0.45% 960,688 $765M $796.35 $92M +9,980 +1.1%
39 DDOG 0.44% 5,306,999 $756M $142.40 $11M -238,011 -4.3%
40 DXCM 0.40% 10,090,374 $679M $67.29 -$326M -1,427,172 -12.4%
41 AXON 0.40% 943,944 $677M $717.64 $169M +330,213 +53.8%
42 AMD 0.37% 3,874,319 $627M $161.79 +3,874,319 NEW
43 TOST 0.32% 15,000,561 $548M $36.51 $167M +6,398,674 +74.4%
44 BSX 0.28% 4,938,746 $482M $97.63 $255M +2,823,744 +133.5%
45 JPM 0.27% 1,477,091 $466M $315.43 $21M -56,697 -3.7%
46 NI 0.24% 9,527,596 $413M $43.30 -$61M -2,207,194 -18.8%
47 LPLA 0.21% 1,104,950 $368M $332.69 -$158M -297,800 -21.2%
48 NEE 0.21% 4,822,672 $364M $75.49 $21M -118,577 -2.4%
49 LNG 0.20% 1,480,581 $348M $234.98 -$57M -182,454 -11.0%
50 NU 0.20% 21,561,147 $345M $16.01 -$231M -20,401,532 -48.6%
51 ERJ 0.20% 5,554,758 $336M $60.45 -$2M -386,444 -6.5%
52 VST 0.19% 1,685,989 $330M $195.92 -$2M -26,737 -1.6%
53 HOOD 0.19% 2,254,664 $323M $143.18 +2,254,664 NEW
54 TXN 0.18% 1,720,961 $316M $183.73 -$305M -1,271,129 -42.5%
55 CSCO 0.17% 4,231,396 $290M $68.42 $47M +742,367 +21.3%
56 APH 0.17% 2,326,847 $288M $123.75 +2,326,847 NEW
57 PNC 0.16% 1,334,629 $268M $200.93 -$36M -296,032 -18.1%
58 KKR 0.15% 2,019,954 $262M $129.95 -$80M -554,064 -21.5%
59 MET 0.15% 3,146,060 $259M $82.37 -$2M -101,753 -3.1%
60 TJX 0.15% 1,762,327 $255M $144.54 -$394M -3,493,974 -66.5%
61 CNP 0.15% 6,465,900 $251M $38.80 -$38M -1,393,793 -17.7%
62 PH 0.14% 315,733 $239M $758.15 $13M -7,964 -2.5%
63 ETR 0.14% 2,560,688 $239M $93.19 $62M +431,388 +20.3%
64 EGO 0.14% 8,173,003 $236M $28.89 $74M +182,780 +2.3%
65 ARQT 0.13% 12,254,119 $231M $18.85 $75M +1,144,714 +10.3%
66 JCI 0.13% 2,040,834 $224M $109.95 $40K -83,291 -3.9%
67 CYBR 0.13% 461,998 $223M $483.15 -$290M -799,043 -63.4%
68 WMB 0.13% 3,512,768 $223M $63.35 -$19M -335,206 -8.7%
69 UNP 0.12% 852,110 $201M $236.37 $124M +515,075 +152.8%
70 SRE 0.12% 2,196,844 $198M $89.98 $70M +515,599 +30.7%
71 HUBS 0.12% 421,279 $197M $467.80 -$245M -373,398 -47.0%
72 GLPI 0.12% 4,225,137 $197M $46.61 -$18M -373,896 -8.1%
73 SHEL 0.11% 2,710,413 $194M $71.53 -$4M -97,757 -3.5%
74 RL 0.11% 604,728 $190M $313.56 $43M +70,285 +13.2%
75 IDA 0.11% 1,370,069 $181M $132.15 $28M +46,413 +3.5%
76 TFC 0.10% 3,918,994 $179M $45.72 $124M +2,625,847 +203.1%
77 ARGX 0.10% 240,228 $177M $737.56 $31M -24,419 -9.2%
78 MMYT 0.10% 1,861,604 $174M $93.60 -$7M +11,837 +0.6%
79 ONON 0.10% 4,094,195 $173M $42.35 -$40M +3,416 +0.1%
80 SO 0.10% 1,779,203 $169M $94.77 -$67M -786,655 -30.7%
81 TSEM 0.10% 2,331,831 $169M $72.30 $84M +369,600 +18.8%
82 IBM 0.10% 597,242 $169M $282.16 $110M +397,494 +199.0%
83 DELL 0.10% 1,187,965 $168M $141.77 $118M +777,541 +189.4%
84 LOW 0.10% 669,556 $168M $251.31 $58M +171,928 +34.5%
85 MTB 0.10% 840,655 $166M $197.62 $53M +257,414 +44.1%
86 EWBC 0.10% 1,559,840 $166M $106.45 $27M +187,433 +13.7%
87 UL 0.10% 2,797,876 $166M $59.28 -$27M -359,176 -11.4%
88 CB 0.10% 586,822 $166M $282.25 -$50M -157,522 -21.2%
89 PCG 0.10% 10,807,853 $163M $15.08 $6M -461,358 -4.1%
90 PFGC 0.09% 1,556,991 $162M $104.04 -$709K -303,057 -16.3%
91 CVX 0.09% 1,031,837 $160M $155.29 $33M +144,212 +16.2%
92 FOUR 0.09% 2,056,056 $159M $77.40 -$3M +419,132 +25.6%
93 TARS 0.09% 2,604,580 $155M $59.43 $55M +136,582 +5.5%
94 AEE 0.09% 1,467,815 $153M $104.38 -$7M -203,712 -12.2%
95 XEL 0.08% 1,780,492 $144M $80.65 $36M +193,274 +12.2%
96 ABBV 0.08% 619,984 $144M $231.54 $30M +10,808 +1.8%
97 KEYS 0.08% 809,795 $142M $174.92 -$30M -236,176 -22.6%
98 UNH 0.08% 410,180 $142M $345.30 $19M +18,586 +4.8%
99 CHDN 0.08% 1,457,336 $141M $97.01 $45M +500,395 +52.3%
100 ALNY 0.08% 304,863 $139M $456.00 $25M -45,207 -12.9%

New Positions

SymbolValue% Port
AMD $627M 0.37%
HOOD $323M 0.19%
APH $288M 0.17%
LSCC $93M 0.05%
CW $58M 0.03%
KRMN $53M 0.03%
RYTM $42M 0.02%
MRCY $42M 0.02%
CHRW $34M 0.02%
SMTC $29M 0.02%
ONC $25M 0.01%
AGYS $19M 0.01%
BKR $16M 0.01%
CON $14M 0.01%
BRCB $14M 0.01%

Sold Out Positions

SymbolValue% Port
DEA —%
WSO —%
INSP —%
BKD —%
ENS —%
BCC —%
MATX —%
ENVA —%
AI —%
OPLN —%
PAC —%
STN —%
VAL —%
FTV —%
AGRO —%
View SEC EDGAR Filings for JENNISON ASSOCIATES LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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