§ 13F · FUND PROFILE
JENNISON ASSOCIATES LLC.
Large-cap growth equity specialist
AUM · $168613.9T (13F)Positions · 810Turnover · 99% · Q4Filed · Jan 30, 2026
CONCENTRATION
46%
Top 10 holdings
NEW BUYS
+115
+$1775.8T deployed
EXITS
0
No exits
SECTOR SHIFT
RETAIL → OTHER
-2pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED JAN 30, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 76.04M | $14181.0T | 8.5% | −12% |
| 2 | MSFT | MICROSOFT CORP | 20.52M | $9921.9T | 6.0% | — |
| 3 | AMZN | AMAZON COM INC | 42.29M | $9761.6T | 5.9% | −2% |
| 4 | AAPL | APPLE INC | 34.76M | $9449.8T | 5.7% | −5% |
| 5 | AVGO | BROADCOM INC | 21.49M | $7436.4T | 4.5% | −2% |
| 6 | GOOGL | ALPHABET INC | 21.12M | $6610.5T | 4.0% | +14% |
| 7 | LLY | ELI LILLY & CO | 5.03M | $5403.1T | 3.2% | +22% |
| 8 | META | META PLATFORMS INC | 8.15M | $5381.2T | 3.2% | −28% |
| 9 | TSLA | TESLA INC | 10.26M | $4615.1T | 2.8% | — |
| 10 | GOOG | ALPHABET INC | 14.26M | $4473.4T | 2.7% | — |
§ 02 · SECTOR ALLOCATION
Where the money is
Other29.1% (+3pp)
Technology22.8% (−1pp)
Semiconductors17.9% (+1pp)
Media14.4% (−1pp)
Retail10.4% (−2pp)
Financial Services5.0% (±0)
§ 03 · THE JENNISON SIGNAL
AC read
JENNISON ASSOCIATES LLC is a Quality / Compounder fund managing $168613938.3 trillion in assets. The fund runs a broad portfolio of 810 positions, broad diversification across holdings, with the top 10 accounting for 46%. Trading activity is aggressive at 99% quarterly turnover, with 115 new positions and 0 exits last quarter. Top sector allocations: Other (29%), Technology (23%), Semiconductors (18%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+115 buys · −0 exits · 672 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed