§ 13F · FUND PROFILE
JENNISON ASSOCIATES LLC.
Large-cap growth equity specialist
AUM · $171.8B (13F)Positions · 778Turnover · 71% · Q1Filed · May 6, 2026
CONCENTRATION
45%
Top 10 holdings
NEW BUYS
+81
+$3.8B deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → OTHER
-4pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q1 2026
FILED MAY 6, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q1 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 72.07M | $12.6B | 8.6% | −5% |
| 2 | AMZN | AMAZON COM INC | 40.49M | $8.4B | 5.8% | −4% |
| 3 | AAPL | APPLE INC | 32.74M | $8.3B | 5.7% | −6% |
| 4 | AVGO | BROADCOM INC | 22.24M | $6.9B | 4.7% | +4% |
| 5 | MSFT | MICROSOFT CORP | 17.54M | $6.5B | 4.5% | −15% |
| 6 | GOOGL | ALPHABET INC | 19.26M | $5.5B | 3.8% | −9% |
| 7 | LLY | ELI LILLY & CO | 4.96M | $4.6B | 3.1% | −1% |
| 8 | META | META PLATFORMS INC | 7.67M | $4.4B | 3.0% | −6% |
| 9 | GOOG | ALPHABET INC | 14.00M | $4.0B | 2.8% | −2% |
| 10 | TSM | TAIWAN SEMICONDUCTOR MANUFAC | 11.64M | $3.9B | 2.7% | −10% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other31.7% (+3pp)
Semiconductors19.7% (+2pp)
Technology18.8% (−4pp)
Media13.6% (−1pp)
Retail11.0% (+1pp)
Aerospace & Defense4.7%
§ 03 · THE JENNISON SIGNAL
AC read
JENNISON ASSOCIATES LLC is a Quality / Compounder fund managing $171.8 billion in assets. The fund runs a broad portfolio of 778 positions, broad diversification across holdings, with the top 10 accounting for 45%. Trading activity is aggressive at 71% quarterly turnover, with 81 new positions and 0 exits last quarter. Top sector allocations: Other (32%), Semiconductors (20%), Technology (19%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q1 2026
Busy quarter
+81 buys · −0 exits · 476 changed
Q4 2025
Busy quarter
+95 buys · −0 exits · 469 changed
Q3 2025
Busy quarter
+93 buys · −0 exits · 446 changed
Q2 2025
Busy quarter
+76 buys · −0 exits · 491 changed