JENNISON ASSOCIATES LLCJENNISON ASSOCIATES LLC

Institutional investor · Portfolio as of Q1 2025

SEC EDGAR SourceSEC Filings
$142.6B
AUM
567
Positions
Q1 2025
Filing
Rating · 3.0
Quarterly Portfolio Change
+14%Q4'23$134.2B+11%Q1'24$149.6B+4%Q2'24$156B+3%Q3'24$161.1B+2%Q4'24$164.7B-13%Q1'25$142.6B
Activity profile
$ moved · Q1'25
New5%Increased23%Decreased68%Exited4%
Composition
Equity vs derivatives
Equity100%Puts0%Calls0%
Holding period
Avg 4.0 years
<1Q6%1-4Q10%1-2Y10%2Y+74%

JENNISON ASSOCIATES LLC manages $142.6B across 567 positions as of Q1 2025. Top holdings: NVDA (6.8%), AMZN (6.5%), AAPL (5.7%). Fund DNA: Balanced Allocator. HoldingsIntel Rating: 3/5.0.

Q1 2025 Summary

Active quarter - 74 new positions, 79 exits, 217 increased. Top move: SPOT (INCREASED, conviction 67). Portfolio: $142.6B across 567 positions.

Top holdings by portfolio weight

Total AUM$143B
NVDA6.79%
AMZN6.46%
AAPL5.70%
META5.32%
MSFT5.31%
NFLX4.27%
AVGO3.14%
LLY3.02%
MA2.33%
COST2.23%
Other1.81%

Portfolio allocation by GICS sector

Sectors11
Technology32.74%
Communication Services17.20%
Consumer Cyclical15.66%
Healthcare10.52%
Financial Services8.74%
Industrials4.65%
Consumer Defensive4.08%
Utilities3.17%
Energy1.50%
Real Estate0.80%
Other0.93%

Behavioral investing profile

7-dimension quality assessment
Solid(3.0 / 5.0)
Track Record65
Conviction43
Concentration0
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Position Outcomes

Best and worst performing positions by estimated return

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Holdings567 positions

Activity:
Stock
Shares
Value
Weight
Avg Buy
Est. P&L
Held
Conviction

NVIDIA CORPORATION

89.4M$9.7B6.8%$111.31-1.49%
26 qtrssince 2018-Q4
Decreased
0

AMAZON COM INC

48.4M$9.2B6.5%$113.21+70.24%
26 qtrssince 2018-Q4
Decreased
0

APPLE INC

36.6M$8.1B5.7%$129.18+67.94%
26 qtrssince 2018-Q4
Decreased
0

META PLATFORMS INC

13.2M$7.6B5.3%$296.49+94.08%
26 qtrssince 2018-Q4
Decreased
0

MICROSOFT CORP

20.2M$7.6B5.3%$149.45+152.12%
26 qtrssince 2018-Q4
Decreased
0

NETFLIX INC.

6.5M$6.1B4.3%$41.81+123.37%
26 qtrssince 2018-Q4
Decreased
0

BROADCOM INC

26.8M$4.5B3.1%$161.37+4.17%
26 qtrssince 2018-Q4
Decreased
0

ELI LILLY & CO

5.2M$4.3B3.0%$269.47+202.98%
26 qtrssince 2018-Q4
Increased
64

MASTERCARD INCORPORATED

6.1M$3.3B2.3%$250.72+114.39%
26 qtrssince 2018-Q4
Decreased
0

COSTCO WHOLESALE CORPORATION

3.4M$3.2B2.2%$323.80+185.54%
26 qtrssince 2018-Q4
Increased
57

VISA INC

7.4M$2.6B1.8%$156.65+117.23%
26 qtrssince 2018-Q4
Decreased
0

ALPHABET INC

16.5M$2.5B1.8%$115.26+33.52%
26 qtrssince 2018-Q4
Increased
51

VERTEX PHARMACEUTICALS INC

5.1M$2.5B1.7%$356.23+38.31%
26 qtrssince 2018-Q4
Increased
59

SPOTIFY TECHNOLOGY S A

4.2M$2.3B1.6%$484.30+15.87%
2 qtrssince 2024-Q4
Increased
67

CROWDSTRIKE HLDGS INC

6.6M$2.3B1.6%$236.59+50.94%
21 qtrssince 2020-Q1
Increased
60

CADENCE DESIGN SYSTEM INC

9.1M$2.3B1.6%$227.61+12.78%
14 qtrssince 2021-Q4
Increased
57

TESLA INC

8.7M$2.3B1.6%$219.26+20.20%
26 qtrssince 2018-Q4
Decreased
0

MERCADOLIBRE INC

1.2M$2.3B1.6%$1,146.54+78.63%
26 qtrssince 2018-Q4
Increased
51

ALPHABET INC

14.3M$2.2B1.6%$113.96+36.57%
26 qtrssince 2018-Q4
Decreased
0

WALMART INC

24.9M$2.2B1.5%$78.00+8.43%
26 qtrssince 2018-Q4
Decreased
0
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer

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