JENNISON ASSOCIATES LLC

Long Only Manager

JENNISON ASSOCIATES LLC is a Long Only Manager based in New York, NY led by Jeffrey Todd Becker, reporting $211.33B in AUM as of Q3 2025 with 43% Technology concentration and 43% technology allocation.

CEOJeffrey Todd Becker

Portfolio Value: $171.76B
Positions: 557
Top Holding: NVDA at 9.58%
Last Reported: Q3 2025

Address55 E. 52nd Street, New York, NY, 10055, United States

Top Holdings

Largest long holdings in JENNISON ASSOCIATES LLC's portfolio (47.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$16.5B	9.58%	-$513.5M Sold	0.36% 88.2M shares	Q1 2016 Held for 9y 9m
2 Microsoft MSFT	Software - Infrastructure Technology	$11.1B	6.47%	-$357.2M Sold	0.29% 21.5M shares	≤ Q2 2013 Held for 12y 6m+
3 Amazon AMZN	Specialty Retail Consumer Cyclical	$9.7B	5.66%	-$321.6M Sold	0.42% 44.3M shares	≤ Q2 2013 Held for 12y 6m+
4 Apple AAPL	Consumer Electronics Technology	$9.5B	5.55%	+$1.3B Bought	0.25% 37.5M shares	≤ Q2 2013 Held for 12y 6m+
5 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$8.6B	5.00%	-$545.8M Sold	0.47% 11.7M shares	≤ Q2 2013 Held for 12y 6m+
6 Broadcom Inc. AVGO	Semiconductors Technology	$7.3B	4.28%	-$321.0M Sold	0.47% 22.3M shares	Q1 2016 Held for 9y 9m
7 Netflix NFLX	Entertainment Communication Services	$5.7B	3.29%	-$1.1B Sold	1.11% 4.7M shares	≤ Q2 2013 Held for 12y 6m+
8 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$4.9B	2.82%	+$1.3B Bought	0.33% 10.9M shares	≤ Q2 2013 Held for 12y 6m+
9 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$4.6B	2.71%	+$1.0B Bought	0.16% 19.1M shares	≤ Q2 2013 Held for 12y 6m+
10 Taiwan Semiconductor Manufacturing Company TSM	Semiconductors Technology	$3.5B	2.05%	+$152.1M Bought	— 12.6M shares	Q4 2022 Held for 3 years

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in JENNISON ASSOCIATES LLC's latest filing

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Market Value

$171.76B

Prior: $168.60B

Q/Q Change

+1.87%

+$3.2B

Net Flows % of MV

-4.39%

Turnover Ratio

9.7%

New Purchases

42 stocks

$562.1M

Added To

193 stocks

+$13.9B

Sold Out Of

106 stocks

$1.0B

Reduced Holdings

253 stocks

-$21.0B

Increased Positions

Position	Shares Δ	Change
1 Robinhood Markets, Inc. HOOD	New	0 → 2.3M +$322.8M
2 Rhythm Pharmaceuticals, Inc. RYTM	New	0 → 411.6K +$41.6M
3 Mercury Systems MRCY	New	0 → 536.4K +$41.5M
4 Soleno Therapeutics SLNO	New	0 → 349.1K +$23.6M
5 Concentra Group Holdings Parent CON	New	0 → 692.4K +$14.5M

Decreased Positions

Position	Shares Δ	Change
1 Fair Isaac FICO	Sold	93.9K → 0 −$171.6M
2 VRNA Verona Pharma VRNA	Sold	839.2K → 0 −$79.4M
3 Pinnacle Financial Partners PNFP	Sold	686.7K → 0 −$75.8M
4 Enbridge ENB	Sold	1.3M → 0 −$59.1M
5 DocuSign DOCU	Sold	708.1K → 0 −$55.2M

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Analytics

Portfolio insights and performance metrics for JENNISON ASSOCIATES LLC

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Sector Allocation

Technology

42.60%

Communication Services

15.80%

Consumer Cyclical

13.50%

Healthcare

6.60%

Financial Services

6.30%

Industrials

5.10%

Utilities

3.30%

Consumer Defensive

3.00%

Energy

0.90%

Real Estate

0.60%

Basic Materials

0.40%

Market Cap Distribution

Mega Cap (> $200B)

63.95%

Large Cap ($10B - $200B)

27.83%

Mid Cap ($2B - $10B)

3.94%

Small Cap ($300M - $2B)

0.60%

Micro Cap ($50M - $300M)

0.02%

Nano Cap (< $50M)

0.06%

N/A (ETF or Unknown)

3.61%

Portfolio Concentration

Top 10 Holdings %

47.42%

Top 20 Holdings %

64.24%

Top 50 Holdings %

85.46%

Top 100 Holdings %

91.46%