JENNISON ASSOCIATES LLC

NEW YORK, NY · CIK 53417 · 13F filing filed 2026-08-03

SEC-registered investment adviser since 1969 · limited liability company

Assets managed$214.8bn
Staff360 · 66 in investment roles
Main clients (by assets)Mutual funds and ETFs 52%, Private funds 20%, Pension plans 17%
Private funds12 (2 hedge) · $6.4bn gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entityJENNISON ASSOCIATES LLC (US)
Part of PRUDENTIAL FINANCIAL, INC. (US)

Other 13F filers in this group: PRUDENTIAL FINANCIAL INC $91.8bn, PGIM INVESTMENTS LLC files a notice, PGIM Quantitative Solutions LLC files a notice, PGIM, Inc. files a notice, PRUDENTIAL LIFE INSURANCE COMPANY, LTD. files a notice, PRUDENTIAL GIBRALTAR FINANCIAL LIFE INSURANCE CO., LTD. last filed Q3 2025, PGIM Wadhwani LLP last filed Q3 2024

$166.7bn reported value +14.7% vs Q1 2026

567positions

44.6%in top 10

80 new 192 added 282 reduced 75 sold out vs Q1 2026

This report includes the holdings of 2 other managers that share the investment decisions:

PRUDENTIAL FINANCIAL INC – files its own report too; $36.0bn of shares are in both
Prudential Trust Co – reports through this filing

Also in the report of:

PERSONAL CFO SOLUTIONS, LLC – $20.6m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	64,347,295	$12.9bn7.72%	7.72%	Reduced -9.6m	-9,630,791 -13.0%
2	APPLE INC COM AAPL	AAPL	32,780,769	$9.5bn5.69%	5.69%	Reduced -808.7k	-808,722 -2.4%
3	AMAZON COM INC COM AMZN	AMZN	36,528,921	$8.7bn5.22%	5.22%	Reduced -5.0m	-4,978,637 -12.0%
4	BROADCOM INC COM AVGO	AVGO	21,406,143	$8.1bn4.85%	4.85%	Reduced -1.4m	-1,376,949 -6.0%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	18,809,377	$6.7bn4.03%	4.03%	Reduced -1.0m	-1,046,633 -5.3%
6	ELI LILLY & CO COM LLY	LLY	5,461,416	$6.6bn3.93%	3.93%	Added +400.5k	+400,538 7.9%
7	MICROSOFT CORP COM MSFT	MSFT	16,326,489	$6.1bn3.65%	3.65%	Reduced -1.6m	-1,557,071 -8.7%
8	ADVANCED MICRO DEVICES INC COM AMD	AMD	9,972,952	$5.8bn3.47%	3.47%	Added +545.6k	+545,575 5.8%
9	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	10,687,770	$5.1bn3.06%	3.06%	Reduced -1.3m	-1,334,055 -11.1%
10	ALPHABET INC CAP STK CL C GOOG	GOOG	14,012,220	$5.0bn2.97%	2.97%	Reduced -303.3k	-303,257 -2.1%
11	META PLATFORMS INC CL A META	META	7,368,060	$4.2bn2.49%	2.49%	Reduced -497.9k	-497,879 -6.3%
12	GE AEROSPACE COM NEW GE	GE	10,906,553	$4.1bn2.44%	2.44%	Reduced -119.5k	-119,453 -1.1%
13	TESLA INC COM TSLA	TSLA	8,570,234	$3.6bn2.16%	2.16%	Reduced -1.4m	-1,399,706 -14.0%
14	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	3,760,300	$2.9bn1.72%	1.72%	Reduced -68.8k	-68,824 -1.8%
15	MASTERCARD INCORPORATED CL A MA	MA	4,995,027	$2.6bn1.54%	1.54%	Reduced -128.0k	-128,014 -2.5%
16	VISA INC COM CL A V	V	6,931,833	$2.4bn1.43%	1.43%	Added +9.3k	+9,289 0.1%
17	WALMART INC COM WMT	WMT	18,541,042	$2.1bn1.26%	1.26%	Reduced -1.4m	-1,410,137 -7.1%
18	BOEING CO COM BA	BA	9,522,431	$2.1bn1.24%	1.24%	Reduced -710.1k	-710,070 -6.9%
19	COSTCO WHSL CORP NEW COM COST	COST	2,166,050	$2.0bn1.22%	1.22%	Reduced -146.4k	-146,390 -6.3%
20	NETFLIX INC COM NFLX	NFLX	27,052,012	$1.9bn1.16%	1.16%	Reduced -944.1k	-944,122 -3.4%
21	DATADOG INC CL A COM DDOG	DDOG	6,860,657	$1.8bn1.07%	1.07%	Added +937.8k	+937,770 15.8%
22	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	4,503,061	$1.7bn1.01%	1.01%	Reduced -1.3m	-1,258,844 -21.9%
23	AMPHENOL CORP CL A APH	APH	9,223,778	$1.6bn0.98%	0.98%	Reduced -1.0m	-1,014,742 -9.9%
24	SNOWFLAKE INC CL A SNOW	SNOW	6,340,455	$1.6bn0.97%	0.97%	Reduced -823.6k	-823,625 -11.5%
25	LAM RESEARCH CORP COM NEW LRCX	LRCX	3,526,442	$1.5bn0.92%	0.92%	Added +153.1k	+153,136 4.5%
26	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	2,998,530	$1.5bn0.89%	0.89%	Added +258.5k	+258,471 9.4%
27	KLA CORP COM NEW KLAC	KLAC	4,886,998	$1.5bn0.88%	0.88%	Added +1.0m	+1,042,438 27.1%
28	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	3,669,211	$1.5bn0.88%	0.88%	Added +628.2k	+628,201 20.7%
29	CONSTELLATION ENERGY CORP COM CEG	CEG	5,539,966	$1.4bn0.83%	0.83%	Reduced -1.1m	-1,064,467 -16.1%
30	CLOUDFLARE INC CL A COM NET	NET	5,419,068	$1.3bn0.80%	0.80%	Added +1.0m	+1,024,584 23.3%
31	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	2,809,432	$1.3bn0.77%	0.77%	Added +30.6k	+30,583 1.1%
32	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	7,448,891	$1.3bn0.76%	0.76%	New
33	GOLDMAN SACHS GROUP INC COM GS	GS	1,212,589	$1.2bn0.74%	0.74%	Reduced -109.5k	-109,532 -8.3%
34	DISNEY WALT CO COM DIS	DIS	11,706,281	$1.1bn0.68%	0.68%	Reduced -2.1m	-2,120,251 -15.3%
35	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	3,983,899	$1.1bn0.66%	0.66%	Added +2.3m	+2,283,676 134.3%
36	SANDISK CORP COM SNDK	SNDK	472,125	$1.1bn0.64%	0.64%	New
37	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	3,234,104	$1.1bn0.64%	0.64%	Reduced -11.5k	-11,464 -0.3%
38	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	8,711,763	$1.0bn0.61%	0.61%	Reduced -2.0m	-2,049,179 -19.0%
39	GE VERNOVA INC COM GEV	GEV	843,117	$990.5m0.59%	0.59%	Reduced -61.6k	-61,586 -6.8%
40	APPLOVIN CORP COM CL A APP	APP	1,819,508	$937.5m0.56%	0.56%	Reduced -481.4k	-481,397 -20.9%
41	TEXAS INSTRS INC COM TXN	TXN	3,136,901	$935.0m0.56%	0.56%	Added +825.4k	+825,354 35.7%
42	ORACLE CORP COM ORCL	ORCL	5,793,909	$849.1m0.51%	0.51%	Reduced -1.1m	-1,141,156 -16.4%
43	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	9,057,929	$834.1m0.50%	0.50%	Reduced -195.8k	-195,800 -2.1%
44	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	6,846,396	$781.7m0.47%	0.47%	Reduced -9.5m	-9,452,863 -58.0%
45	BLOOM ENERGY CORP COM CL A BE	BE	2,554,512	$773.3m0.46%	0.46%	Reduced -132.5k	-132,517 -4.9%
46	CARPENTER TECHNOLOGY CORP COM CRS	CRS	1,192,686	$735.7m0.44%	0.44%	Added +387.4k	+387,380 48.1%
47	CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES CRDO	CRDO	2,655,290	$722.1m0.43%	0.43%	Added +2.4m	+2,408,196 974.6%
48	MICRON TECHNOLOGY INC COM MU	MU	529,195	$610.8m0.37%	0.37%	Added +185.1k	+185,147 53.8%
49	TJX COS INC NEW COM TJX	TJX	3,995,146	$605.3m0.36%	0.36%	Added +698.0k	+698,007 21.2%
50	AIRBNB INC COM CL A ABNB	ABNB	3,484,879	$498.7m0.30%	0.30%	Added +311.9k	+311,920 9.8%
51	NEXTERA ENERGY INC COM NEE	NEE	5,542,601	$486.5m0.29%	0.29%	Reduced -345.7k	-345,663 -5.9%
52	VERTIV HOLDINGS CO COM CL A VRT	VRT	1,325,407	$443.8m0.27%	0.27%	Added +1.3m	+1,324,231 112604.7%
53	NISOURCE INC COM NI	NI	9,235,389	$439.1m0.26%	0.26%	Added +13.8k	+13,829 0.1%
54	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	2,365,884	$433.2m0.26%	0.26%	Added +2.3m	+2,286,797 2891.5%
55	COREWEAVE INC COM CL A CRWV	CRWV	4,019,579	$400.1m0.24%	0.24%	Added +2.8m	+2,791,552 227.3%
56	JPMORGAN CHASE & CO COM JPM	JPM	1,213,493	$397.2m0.24%	0.24%	Reduced -170.2k	-170,155 -12.3%
57	LIBERTY MEDIA CORP DEL COM LBTY ONE S C FWONK	FWONK	3,945,767	$375.4m0.23%	0.23%	New
58	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	1,033,424	$361.8m0.22%	0.22%	Added +236.5k	+236,494 29.7%
59	MERCK & CO INC COM MRK	MRK	2,728,958	$350.7m0.21%	0.21%	Reduced -3.5m	-3,520,379 -56.3%
60	MERCADOLIBRE INC COM MELI	MELI	200,538	$340.4m0.20%	0.20%	Reduced -118.2k	-118,170 -37.1%
61	UNITEDHEALTH GROUP INC COM UNH	UNH	806,788	$335.3m0.20%	0.20%	Added +148.7k	+148,732 22.6%
62	BANK AMERICA CORP COM BAC	BAC	5,727,373	$326.3m0.20%	0.20%	Added +2.9m	+2,854,915 99.4%
63	CENTERPOINT ENERGY INC COM CNP	CNP	7,391,754	$325.5m0.20%	0.20%	Reduced -125.2k	-125,249 -1.7%
64	HOWMET AEROSPACE INC COM HWM	HWM	1,159,221	$311.7m0.19%	0.19%	New
65	STERLING INFRASTRUCTURE INC COM STRL	STRL	369,583	$310.2m0.19%	0.19%	Added +367.6k	+367,602 18556.4%
66	CISCO SYS INC COM CSCO	CSCO	2,584,299	$303.6m0.18%	0.18%	Reduced -996.0k	-995,984 -27.8%
67	PNC FINL SVCS GROUP INC COM PNC	PNC	1,227,318	$302.2m0.18%	0.18%	Reduced -176.3k	-176,312 -12.6%
68	VISTRA CORP COM VST	VST	1,812,863	$287.6m0.17%	0.17%	Added +290.4k	+290,431 19.1%
69	STARBUCKS CORP COM SBUX	SBUX	2,774,816	$283.6m0.17%	0.17%	Added +2.8m	+2,757,594 16012.0%
70	NVENT ELECTRIC PLC SHS NVT	NVT	1,526,624	$258.9m0.16%	0.16%	New
71	MONOLITHIC PWR SYS INC COM MPWR	MPWR	185,502	$256.4m0.15%	0.15%	Added +136.1k	+136,108 275.6%
72	SHELL PLC SPON ADS SHEL	SHEL	3,306,805	$256.4m0.15%	0.15%	Reduced -137.4k	-137,405 -4.0%
73	PARKER-HANNIFIN CORP COM PH	PH	260,713	$255.0m0.15%	0.15%	Reduced -1.2k	-1,199 -0.5%
74	UBER TECHNOLOGIES INC COM UBER	UBER	3,442,877	$248.4m0.15%	0.15%	Reduced -339.6k	-339,579 -9.0%
75	ENTERGY CORP NEW COM ETR	ETR	2,081,062	$239.0m0.14%	0.14%	Added +115.8k	+115,803 5.9%
76	TOLL BROTHERS INC COM TOL	TOL	1,420,703	$234.1m0.14%	0.14%	Added +2.2k	+2,160 0.1%
77	M & T BK CORP COM MTB	MTB	974,692	$232.0m0.14%	0.14%	Reduced -617	-617 -0.1%
78	TRUIST FINL CORP COM TFC	TFC	4,631,705	$230.8m0.14%	0.14%	Added +607.4k	+607,400 15.1%
79	CHENIERE ENERGY INC COM NEW LNG	LNG	948,048	$226.6m0.14%	0.14%	Added +118.8k	+118,827 14.3%
80	METLIFE INC COM MET	MET	2,669,463	$225.9m0.14%	0.14%	Added +73.0k	+73,005 2.8%
81	ONTO INNOVATION INC COM ONTO	ONTO	594,166	$224.9m0.13%	0.13%	Added +29.9k	+29,861 5.3%
82	UNION PAC CORP COM UNP	UNP	808,441	$219.9m0.13%	0.13%	Added +115.2k	+115,192 16.6%
83	ARGENX SE SPONSORED ADR ARGX	ARGX	226,200	$209.9m0.13%	0.13%	Reduced -11.3k	-11,268 -4.8%
84	EXXON MOBIL CORP COM XOM	XOM	1,409,792	$192.7m0.12%	0.12%	Added +206.8k	+206,811 17.2%
85	SEMPRA COM SRE	SRE	2,045,621	$189.6m0.11%	0.11%	Reduced -66.4k	-66,448 -3.1%
86	CHUBB LIMITED COM CB	CB	545,906	$186.0m0.11%	0.11%	Added +25.5k	+25,523 4.9%
87	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	92,700	$184.4m0.11%	0.11%	Reduced -22.9k	-22,853 -19.8%
88	GAMING & LEISURE PPTYS INC COM GLPI	GLPI	4,121,107	$183.5m0.11%	0.11%	Reduced -257.3k	-257,302 -5.9%
89	WILLIAMS COS INC COM WMB	WMB	2,442,793	$181.6m0.11%	0.11%	Reduced -312.1k	-312,085 -11.3%
90	DELL TECHNOLOGIES INC CL C DELL	DELL	417,214	$180.0m0.11%	0.11%	Reduced -438.0k	-438,046 -51.2%
91	IDACORP INC COM IDA	IDA	1,187,372	$179.6m0.11%	0.11%	Reduced -310.0k	-309,970 -20.7%
92	SOUTHERN CO COM SO	SO	1,870,949	$179.1m0.11%	0.11%	Reduced -59.5k	-59,466 -3.1%
93	AMERICAN ELEC PWR CO INC COM AEP	AEP	1,275,581	$174.5m0.10%	0.10%	Added +782.5k	+782,496 158.7%
94	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	2,732,952	$174.4m0.10%	0.10%	Reduced -2.7m	-2,650,768 -49.2%
95	ABBVIE INC COM ABBV	ABBV	679,544	$171.0m0.10%	0.10%	Reduced -383.2k	-383,188 -36.1%
96	CELESTICA INC COM CLS	CLS	461,594	$168.4m0.10%	0.10%	New
97	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	1,605,609	$161.0m0.10%	0.10%	Added +155.9k	+155,907 10.8%
98	JOHNSON CTLS INTL PLC SHS JCI	JCI	1,088,873	$159.1m0.10%	0.10%	Reduced -65.4k	-65,442 -5.7%
99	ROIVANT SCIENCES LTD SHS ROIV	ROIV	4,481,964	$158.6m0.10%	0.10%	Added +1.5m	+1,499,165 50.3%
100	RALPH LAUREN CORP CL A RL	RL	393,234	$157.8m0.09%	0.09%	Reduced -200.3k	-200,303 -33.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
GILEAD SCIENCES INC GILD	GILD	1,264,546	$176.2m1.3m shares
REGENERON PHARMACEUTICALS REGN	REGN	115,199	$89.0m115.2k shares
DEXCOM INC DXCM	DXCM	1,048,097	$65.8m1.0m shares
DUPONT DE NEMOURS INC DWDP	DWDP	440,672	$60.5m440.7k shares
DOW INC DOW	DOW	1,386,562	$57.8m1.4m shares
BOSTON SCIENTIFIC CORP BSX	BSX	897,775	$56.3m897.8k shares
GE HEALTHCARE TECHNOLOGIES I GEHC	GEHC	695,019	$49.5m695.0k shares
DUKE ENERGY CORP NEW DUK	DUK	254,901	$33.4m254.9k shares
XYLEM INC XYL	XYL	275,683	$32.9m275.7k shares
OPTION CARE HEALTH INC OPCH	OPCH	1,213,025	$32.7m1.2m shares
FUTU HLDGS LTD FUTU	FUTU	211,509	$28.9m211.5k shares
OLEMA PHARMACEUTICALS INC OLMA	OLMA	1,822,123	$27.2m1.8m shares
LAUDER ESTEE COS INC EL	EL	374,831	$26.9m374.8k shares
TERNS PHARMACEUTICALS INC		501,419	$26.4m501.4k shares
XP INC XP	XP	1,357,313	$25.8m1.4m shares
ROBLOX CORP RBLX	RBLX	438,326	$24.8m438.3k shares
LINDSAY CORP LNN	LNN	183,680	$21.9m183.7k shares
FIRST INTST BANCSYSTEM INC FIBK	FIBK	586,654	$19.6m586.7k shares
ABBOTT LABS ABT	ABT	189,890	$19.5m189.9k shares
MARTIN MARIETTA MATLS INC MLM	MLM	32,303	$19.0m32.3k shares
HEICO CORP NEW HEI	HEI	67,149	$18.4m67.1k shares
GREAT LAKES DREDGE & DOCK CO GLDD	GLDD	1,029,264	$17.5m1.0m shares
INSULET CORP PODD	PODD	70,117	$14.7m70.1k shares
UMH PPTYS INC UMH	UMH	933,034	$13.5m933.0k shares
UNIVERSAL DISPLAY CORP OLED	OLED	140,591	$12.9m140.6k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
CABALETTA BIO INC CABA · 13G · filed 2026-06-04	CABA	11.4%≈ $66.1m	+2.5 pts	13G	2026-06-04
NEUROGENE INC NGNE · 13G · filed 2026-10-06	NGNE	11.1%≈ $70.1m	new	13G	2026-10-06
SUMMIT HOTEL PPTYS INC INN · 13G · filed 2026-07-02	INN	10.8%≈ $81.7m	+4.6 pts	13G	2026-07-02
HERITAGE FINL CORP WASH HFWA · 13G · filed 2026-10-28	HFWA	8.8%≈ $106.1m	+1.0 pts	13G	2026-10-28
PALVELLA THERAPEUTICS INC NE PVLA · 13G · filed 2026-10-28	PVLA	7.7%≈ $168.4m	+1.0 pts	13G	2026-10-28
REZOLUTE INC RZLT · 13G · filed 2026-10-28	RZLT	5.5%≈ $27.7m	new	13G	2026-10-28