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JENNISON ASSOCIATES LLC

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

Q1 2026 · Filed 2026-05-06
Market Value
$145.1B
-12.5%
Holdings
631
+1
New Purchases
76
Added To
199
Closed
87
Reduced
267
Top 10 Concentration
46.0%
Turnover
25.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PLTR 1.09% 0.00% +1.09% $1.6B
GE 2.16% 1.49% +0.67% $3.1B
COST 1.59% 1.16% +0.43% $2.3B
LRCX 0.50% 0.09% +0.41% $721M
NET 0.63% 0.22% +0.40% $907M
KLAC 0.39% 0.00% +0.39% $566M
WMT 1.71% 1.35% +0.36% $2.5B
TSM 2.80% 2.45% +0.35% $4.1B
AVGO 4.86% 4.57% +0.29% $7.1B
GEV 0.54% 0.26% +0.29% $790M
ABNB 0.28% 0.00% +0.27% $401M
BE 0.25% 0.00% +0.25% $364M
CRS 0.22% 0.00% +0.22% $317M
TJX 0.36% 0.17% +0.20% $527M
MA 1.76% 1.60% +0.17% $2.6B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 4.56% 6.14% -1.57% $6.6B
SNOW 0.74% 1.53% -0.79% $1.1B
NOW 0.01% 0.78% -0.77% $7M
CRWD 1.03% 1.56% -0.53% $1.5B
SHOP 1.33% 1.84% -0.51% $1.9B
APP 0.63% 1.11% -0.48% $916M
ORCL 0.70% 1.11% -0.40% $1.0B
CDNS 1.10% 1.45% -0.35% $1.6B
TSLA 2.55% 2.84% -0.29% $3.7B
BSX 0.04% 0.31% -0.28% $56M
TOST 0.06% 0.32% -0.27% $86M
HOOD 0.07% 0.30% -0.23% $100M
DIS 0.92% 1.14% -0.23% $1.3B
META 3.10% 3.32% -0.22% $4.5B
CEG 1.27% 1.49% -0.22% $1.8B

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 54 $97.7B 67.4%
Large Cap 277 $40.2B 27.7%
Mid Cap 206 $6.0B 4.1%
Small Cap 91 $1.1B 0.8%
Micro Cap 3 $19M 0.0%

Portfolio Analytics

Avg Market Cap
$105.9B
Median Market Cap
$11.5B
Avg P/E
38.8
Median P/E
26.3
Avg Dividend Yield
0.01%
Avg Beta
1.11
# Stocks
614
# ETFs / Funds
17

Top Holdings (631 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 8.89% 73,978,086 $12.9B $174.40 -$1.7B -4,073,719 -5.2%
2 AMZN 5.96% 41,507,558 $8.6B $208.27 -$1.4B -1,929,646 -4.4%
3 AAPL 5.88% 33,589,491 $8.5B $253.79 -$1.2B -2,079,527 -5.8%
4 AVGO 4.86% 22,783,092 $7.1B $309.51 -$525M +890,882 +4.1%
5 MSFT 4.56% 17,883,560 $6.6B $370.17 -$3.6B -3,167,730 -15.1%
6 GOOGL 3.94% 19,856,010 $5.7B $287.56 -$1.1B -1,995,269 -9.1%
7 LLY 3.21% 5,060,878 $4.7B $919.77 -$862M -72,798 -1.4%
8 META 3.10% 7,865,939 $4.5B $572.13 -$1.0B -484,599 -5.8%
9 GOOG 2.83% 14,315,477 $4.1B $286.86 -$467M -259,714 -1.8%
10 TSM 2.80% 12,021,825 $4.1B $337.95 -$8M -1,372,474 -10.2%
11 TSLA 2.55% 9,969,940 $3.7B $371.75 -$1.0B -514,908 -4.9%
12 GE 2.16% 11,026,006 $3.1B $283.77 $662M +3,017,937 +37.7%
13 NFLX 1.86% 27,996,134 $2.7B $96.15 -$578M -6,875,817 -19.7%
14 MA 1.76% 5,123,041 $2.6B $499.66 -$90M +480,725 +10.4%
15 WMT 1.71% 19,951,179 $2.5B $124.28 $245M -102,676 -0.5%
16 COST 1.59% 2,312,440 $2.3B $996.43 $383M +84,805 +3.8%
17 V 1.44% 6,922,544 $2.1B $302.24 -$396M -173,514 -2.5%
18 BA 1.40% 10,232,501 $2.0B $199.03 -$170M +68,794 +0.7%
19 SHOP 1.33% 16,299,259 $1.9B $118.62 -$1.1B -2,667,148 -14.1%
20 AMD 1.32% 9,427,377 $1.9B $203.43 -$419M -1,482,933 -13.6%
21 CEG 1.27% 6,604,433 $1.8B $279.25 -$622M -375,790 -5.4%
22 CDNS 1.10% 5,761,905 $1.6B $277.87 -$811M -1,953,645 -25.3%
23 PLTR 1.09% 10,760,942 $1.6B $146.28 +10,760,942 NEW
24 CRWD 1.03% 3,829,124 $1.5B $390.41 -$1.1B -1,678,711 -30.5%
25 ISRG 0.97% 3,041,010 $1.4B $460.99 -$416M -168,127 -5.2%
26 SPOT 0.93% 2,778,849 $1.3B $484.91 -$399M -228,372 -7.6%
27 DIS 0.92% 13,826,532 $1.3B $96.38 -$566M -2,861,487 -17.1%
28 APH 0.89% 10,238,520 $1.3B $126.35 -$93M -18,859 -0.2%
29 VRTX 0.84% 2,740,059 $1.2B $446.54 -$250M -509,482 -15.7%
30 GS 0.77% 1,322,121 $1.1B $845.99 -$71M -30,886 -2.3%
31 SNOW 0.74% 7,164,080 $1.1B $150.82 -$1.5B -4,439,222 -38.3%
32 EW 0.72% 13,066,274 $1.0B $80.08 -$128M -714,241 -5.2%
33 ORCL 0.70% 6,935,065 $1.0B $147.11 -$815M -2,479,269 -26.3%
34 HLT 0.68% 3,245,568 $987M $304.08 $33M -75,730 -2.3%
35 APP 0.63% 2,300,905 $916M $398.00 -$929M -436,119 -15.9%
36 NET 0.63% 4,394,484 $907M $206.34 $539M +2,530,872 +135.8%
37 ORLY 0.59% 9,253,729 $854M $92.31 -$238M -2,723,982 -22.7%
38 GEV 0.54% 904,703 $790M $872.90 $366M +256,912 +39.7%
39 MRK 0.52% 6,249,337 $752M $120.29 $167M +689,849 +12.4%
40 LRCX 0.50% 3,373,306 $721M $213.66 $575M +2,523,351 +296.9%
41 DDOG 0.48% 5,922,887 $699M $118.05 -$338M -1,701,106 -22.3%
42 KLAC 0.39% 384,456 $566M $1,472.41 +384,456 NEW
43 MELI 0.38% 318,708 $551M $1,729.02 -$194M -51,088 -13.8%
44 NEE 0.38% 5,888,264 $547M $92.88 $71M -44,576 -0.8%
45 TJX 0.36% 3,297,139 $527M $159.70 $250M +1,493,913 +82.8%
46 NU 0.36% 35,850,092 $515M $14.37 -$144M -3,520,699 -8.9%
47 TXN 0.31% 2,311,547 $449M $194.14 $93M +260,622 +12.7%
48 NI 0.30% 9,221,560 $430M $46.66 $36M -208,234 -2.2%
49 JPM 0.28% 1,383,648 $407M $294.16 -$45M -19,486 -1.4%
50 ABNB 0.28% 3,172,959 $401M $126.28 $396M +3,139,315 +9331.0%
51 BE 0.25% 2,687,029 $364M $135.49 $363M +2,673,710 +20074.4%
52 AXON 0.24% 826,680 $351M $424.69 -$160M -73,717 -8.2%
53 CNP 0.22% 7,517,003 $324M $43.16 $28M -205,890 -2.7%
54 SHEL 0.22% 3,444,210 $320M $93.00 $55M -171,010 -4.7%
55 ERJ 0.22% 5,383,720 $319M $59.34 -$49M -345,848 -6.0%
56 CRS 0.22% 805,306 $317M $394.15 +805,306 NEW
57 PNC 0.20% 1,403,630 $292M $208.09 $37M +183,616 +15.1%
58 CSCO 0.19% 3,580,283 $278M $77.59 -$8M -135,901 -3.7%
59 UBER 0.19% 3,782,456 $272M $71.93 -$254M -2,652,546 -41.2%
60 RTX 0.18% 1,378,798 $266M $192.90 $82M +375,655 +37.5%
61 EGO 0.18% 7,480,848 $257M $34.33 -$33M -597,057 -7.4%
62 LNG 0.16% 829,221 $235M $283.76 $35M -199,992 -19.4%
63 PH 0.16% 261,912 $234M $895.24 $143M +158,081 +152.2%
64 ABBV 0.16% 1,062,732 $231M $217.49 -$40M -124,242 -10.5%
65 VST 0.16% 1,522,432 $229M $150.33 $11M +169,147 +12.5%
66 NOC 0.16% 335,065 $229M $682.24 -$438K -66,599 -16.6%
67 KEYS 0.16% 796,930 $225M $282.37 $60M -14,037 -1.7%
68 ETR 0.15% 1,965,259 $221M $112.36 -$21M -653,575 -25.0%
69 IDA 0.15% 1,497,342 $214M $142.97 $26M +13,694 +0.9%
70 SRE 0.14% 2,112,069 $205M $97.17 $15M -44,287 -2.0%
71 RL 0.14% 593,537 $204M $343.99 $7M +35,525 +6.4%
72 XOM 0.14% 1,202,981 $204M $169.66 $80M +169,080 +16.4%
73 MTB 0.14% 975,309 $202M $206.72 $34M +145,537 +17.5%
74 WMB 0.14% 2,754,878 $201M $72.78 $70M +588,778 +27.2%
75 GLPI 0.13% 4,378,409 $194M $44.37 $34M +781,198 +21.7%
76 TOL 0.13% 1,418,543 $194M $136.47 $46M +327,953 +30.1%
77 PLD 0.13% 1,414,743 $187M $132.18 $50M +340,721 +31.7%
78 SO 0.13% 1,930,415 $186M $96.52 $47M +334,152 +20.9%
79 TFC 0.13% 4,024,305 $185M $45.97 $20M +674,840 +20.1%
80 MET 0.13% 2,596,458 $184M $70.72 -$61M -506,427 -16.3%
81 UNH 0.12% 658,056 $178M $270.59 $41M +242,456 +58.3%
82 YNDX 0.12% 1,700,223 $176M $103.76 +1,700,223 NEW
83 GILD 0.12% 1,264,546 $176M $139.37 $67M +375,359 +42.2%
84 GM 0.12% 2,356,882 $176M $74.50 -$103K +196,391 +9.1%
85 ARGX 0.12% 237,468 $173M $730.25 -$20M +7,707 +3.4%
86 CB 0.12% 520,383 $170M $325.93 -$3M -34,205 -6.2%
87 UNP 0.12% 693,249 $168M $242.62 -$28M -153,204 -18.1%
88 SRRK 0.11% 3,340,492 $164M $49.16 $41M +545,304 +19.5%
89 PCG 0.11% 8,942,524 $157M $17.57 $10M -190,049 -2.1%
90 AEE 0.11% 1,409,566 $155M $109.92 $11M -30,761 -2.1%
91 IBM 0.11% 636,258 $154M $242.39 -$13M +73,252 +13.0%
92 XEL 0.11% 1,921,483 $153M $79.44 $8M -40,312 -2.0%
93 ASML 0.11% 115,553 $153M $1,320.83 $71M +39,625 +52.2%
94 JCI 0.10% 1,154,315 $151M $130.95 $69M +464,874 +67.4%
95 DELL 0.10% 855,260 $140M $164.13 -$20M -421,417 -33.0%
96 BAC 0.10% 2,872,458 $140M $48.75 -$180M -2,948,816 -50.7%
97 MKL 0.09% 71,444 $137M $1,914.07 -$21M -1,755 -2.4%
98 LNC 0.09% 3,823,152 $136M $35.50 -$28M +141,994 +3.9%
99 EBC 0.09% 6,846,216 $134M $19.56 $36M +1,535,094 +28.9%
100 ABC 0.09% 426,092 $134M $314.14 $75M +252,089 +144.9%

New Positions

SymbolValue% Port
PLTR $1.6B 1.09%
KLAC $566M 0.39%
CRS $317M 0.22%
YNDX $176M 0.12%
AZN $131M 0.09%
ESLT $128M 0.09%
MU $116M 0.08%
CVNA $98M 0.07%
CRWV $95M 0.07%
REGN $89M 0.06%
CHRD $60M 0.04%
DOW $58M 0.04%
WULF $53M 0.04%
GKOS $52M 0.04%
AUGO $50M 0.03%

Sold Out Positions

SymbolValue% Port
PINS —%
HASI —%
MMI —%
SE —%
FLR —%
ETD —%
VEEV —%
ESE —%
FOUR —%
COHR —%
HUBS —%
HNI —%
CRC —%
AUB —%
ENVA —%
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