JENNISON ASSOCIATES LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, JENNISON ASSOCIATES LLC maintained a portfolio of 653 distinct positions. The most significant new addition to the portfolio was MERCK & CO INC, which now represents 0.35% of the total fund value. They heavily accumulated shares in ALPHABET INC, increasing their position by 14.3%. The fund also reduced its exposure to MERCADOLIBRE INC by 66.0%.
PCA Score Concentration Risk
Risk ENB
Total Positions
653
Quarter
2025 Q4
Top Holding
NVDA (8.7%)
Top 10 Concentration
47.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 653
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
NVDA
NVIDIA CORPORAT...
Technology 8.74% 9.58% #1
Prev: #1
6.0 -10,158,422 -11.5%
P
S
78,051,805 $14,556,661,603 2001 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 6.11% 6.47% #2
Prev: #2
4.4 -417,612 -1.9%
P
S
21,051,290 $10,180,824,673 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 6.02% 5.66% #3
Prev: #3
3.9 -829,893 -1.9%
P
S
43,437,204 $10,026,175,368 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 5.82% 5.55% #4
Prev: #4
3.3 -1,789,368 -4.8%
P
S
35,669,018 $9,696,979,228 2001 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 4.55% 4.28% #5 1
Prev: #6
2.8 -375,406 -1.7%
P
S
21,892,210 $7,576,894,009 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 4.11% 2.71% #6 3
Prev: #9
3.6 2,729,364 14.3%
P
S
21,851,279 $6,839,450,315 2015 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 3.31% 1.86% #7 5
Prev: #12
3.8 937,204 22.3%
P
S
5,133,676 $5,517,058,917 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 3.31% 5.00% #8 3
Prev: #5
1.3 -3,351,198 -28.6%
P
S
8,350,538 $5,512,106,825 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TSLA
TESLA INC
Consumer Cyclical 2.83% 2.82% #9 1
Prev: #8
1.6 -424,818 -3.9%
P
S
10,484,848 $4,715,245,905 2011 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 2.75% 2.01% #10 1
Prev: #11
1.6 404,649 2.9%
P
S
14,575,191 $4,573,694,978 2004 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 2.44% 2.05% #11 1
Prev: #10
3.0 802,757 6.4%
P
S
13,394,299 $4,070,393,398 2000 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 1.96% 3.29% #12 5
Prev: #7
3.8 30,158,900 639.9%
P
S
34,871,951 $3,269,594,110 2002 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
Technology 1.83% 1.64% #13 2
Prev: #15
1.2 42,976 0.2%
P
S
18,966,407 $3,053,022,527 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 1.59% 1.74% #14
Prev: #14
1.1 -625,414 -11.9%
P
S
4,642,316 $2,650,205,215 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRWD
CROWDSTRIKE HLD...
Technology 1.55% 1.63% #15 1
Prev: #16
1.1 -197,577 -3.5%
P
S
5,507,835 $2,581,852,708 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SNOW
SNOWFLAKE INC
Technology 1.53% 1.19% #16 11
Prev: #27
3.1 2,519,413 27.7%
P
S
11,603,302 $2,545,300,368 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 1.49% 1.49% #17 3
Prev: #20
1.1 -406,781 -5.4%
P
S
7,096,058 $2,488,658,434 2008 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GE AEROSPACE
Industrials 1.48% 1.48% #18 4
Prev: #22
1.1 -422,809 -5.0%
P
S
8,008,069 $2,466,725,625 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CEG
CONSTELLATION E...
Utilities 1.48% 1.13% #19 10
Prev: #29
2.6 1,064,684 18.0%
P
S
6,980,223 $2,465,903,411 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CDNS
CADENCE DESIGN ...
Technology 1.45% 1.79% #20 7
Prev: #13
1.1 -1,016,098 -11.6%
P
S
7,715,550 $2,411,726,608 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMD
ADVANCED MICRO ...
Technology 1.40% 0.36% #21 21
Prev: #42
3.6 7,035,991 181.6%
P
S
10,910,310 $2,336,551,911 2009 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 1.34% 1.26% #22 3
Prev: #25
1.0 -969,855 -4.6%
P
S
20,053,855 $2,234,200,036 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BA
BOEING CO
Industrials 1.32% 1.43% #23
Prev: #23
1.0 -1,201,569 -10.6%
P
S
10,163,707 $2,206,744,061 2000 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
COST
COSTCO WHSL COR...
Consumer Defensive 1.15% 1.52% #24 6
Prev: #18
0.5 -596,481 -21.1%
P
S
2,227,635 $1,920,978,668 2000 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
DIS
DISNEY WALT CO
Communication Services 1.14% 1.34% #25 1
Prev: #24
1.0 -3,476,877 -17.2%
P
S
16,688,019 $1,898,595,871 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APP
APPLOVIN CORP
Communication Services 1.11% 1.63% #26 9
Prev: #17
0.4 -1,149,126 -29.6%
P
S
2,737,024 $1,844,261,790 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORCL
ORACLE CORP
Technology 1.10% 1.51% #27 8
Prev: #19
0.9 187,082 2.0%
P
S
9,414,334 $1,834,947,910 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 1.09% 0.75% #28 4
Prev: #32
2.4 321,759 11.1%
P
S
3,209,137 $1,817,526,972 2003 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 1.05% 1.26% #29 3
Prev: #26
0.9 -82,112 -2.7%
P
S
3,007,221 $1,746,323,316 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VRTX
VERTEX PHARMACE...
Healthcare 0.88% 0.79% #30 1
Prev: #31
0.9 -205,406 -5.9%
P
S
3,249,541 $1,473,211,801 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
APH
AMPHENOL CORP N...
Technology 0.83% 0.17% #31 25
Prev: #56
3.3 7,930,532 340.8%
P
S
10,257,379 $1,386,182,252 2002 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW INC
Technology 0.78% 1.19% #32 4
Prev: #28
3.3 6,213,762 280.1%
P
S
8,432,389 $1,291,757,686 2013 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GS
GOLDMAN SACHS G...
Financial Services 0.71% 0.45% #33 5
Prev: #38
2.8 392,319 40.8%
P
S
1,353,007 $1,189,293,364 1999 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EW
EDWARDS LIFESCI...
Healthcare 0.71% 0.63% #34
Prev: #34
0.8 -178,259 -1.3%
P
S
13,780,515 $1,174,788,930 2010 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ORLY
OREILLY AUTOMOT...
Consumer Cyclical 0.66% 0.87% #35 5
Prev: #30
0.8 -1,911,332 -13.8%
P
S
11,977,711 $1,092,487,023 2011 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DDOG
DATADOG INC
Technology 0.62% 0.44% #36 3
Prev: #39
2.7 2,316,994 43.7%
P
S
7,623,993 $1,036,786,752 2020 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HLT
HILTON WORLDWID...
Consumer Cyclical 0.57% 0.72% #37 4
Prev: #33
0.2 -1,429,593 -30.1%
P
S
3,321,298 $954,042,858 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
Consumer Cyclical 0.45% 1.48% #38 17
Prev: #21
0.2 -716,487 -66.0%
P
S
369,796 $744,864,836 2012 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 0.40% 0.20% #39 11
Prev: #50
3.2 17,809,644 82.6%
P
S
39,370,791 $659,067,051 2000 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MRK
MERCK & CO INC
Healthcare 0.35% #40
Prev: #—
3.6 5,559,488 no change
NEW
5,559,488 $585,191,693 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TOST
TOAST INC
Technology 0.32% 0.32% #41 2
Prev: #43
0.6 157,394 1.0%
P
S
15,157,955 $538,258,990 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 0.32% 0.62% #42 6
Prev: #36
0.1 -4,405,901 -40.6%
P
S
6,435,002 $525,803,989 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BSX
BOSTON SCIENTIF...
Healthcare 0.31% 0.28% #43 1
Prev: #44
2.1 529,549 10.7%
P
S
5,468,295 $521,401,965 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AXON
AXON ENTERPRISE...
Industrials 0.31% 0.39% #44 3
Prev: #41
0.6 -43,547 -4.6%
P
S
900,397 $511,362,564 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HOOD
ROBINHOOD MKTS ...
Financial Services 0.30% 0.19% #45 8
Prev: #53
3.1 2,157,372 95.7%
P
S
4,412,036 $499,001,273 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NEE
NEXTERA ENERGY ...
Utilities 0.29% 0.21% #46 2
Prev: #48
2.6 1,110,168 23.0%
P
S
5,932,840 $476,288,395 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE ...
Financial Services 0.27% 0.27% #47 2
Prev: #45
0.6 -73,957 -5.0%
P
S
1,403,134 $452,117,839 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GEV
GE VERNOVA INC
Industrials 0.25% 0.02% #48 246
Prev: #294
3.1 601,533 1300.4%
P
S
647,791 $423,376,802 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NI
NISOURCE INC
Utilities 0.24% 0.24% #49 3
Prev: #46
0.6 -97,802 -1.0%
P
S
9,429,794 $393,788,198 2000 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DXCM
DEXCOM INC
Healthcare 0.23% 0.40% #50 10
Prev: #40
0.1 -4,300,430 -42.6%
P
S
5,789,944 $384,278,588 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 653 holdings

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