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Portfolio (Quarterly) Guide ↗

JENNISON ASSOCIATES LLC

· CIK 0000053417
13F Portfolio $166.6B AUM 798 positions Filed Jan 30, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 95 New 202 Added 244 Reduced 81 Exited
Page 2 of 29  ·  574 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 AMD ADVANCED MICRO DEVICES INC Technology 10,910,310.0 $2.34B 1.40% +7.0M +181.6% $214.16 +109.9%
22 WMT WALMART INC Consumer Defensive 20,053,855.0 $2.23B 1.34% -970K -4.6% $111.41 +17.4%
23 BA BOEING CO Industrials 10,163,707.0 $2.21B 1.32% -1.2M -10.6% $217.12 +1.1%
24 COST COSTCO WHSL CORP NEW Consumer Defensive 2,227,635.0 $1.92B 1.15% -596K -21.1% $862.34 +21.8%
25 DIS DISNEY WALT CO Communication Services 16,688,019.0 $1.90B 1.14% -3.5M -17.2% $113.77 -9.0%
26 APP APPLOVIN CORP Technology 2,737,024.0 $1.84B 1.11% -1.1M -29.6% $673.82 -27.9%
27 ORCL ORACLE CORP Technology 9,414,334.0 $1.83B 1.10% +187K +2.0% $194.91 -2.6%
28 ISRG INTUITIVE SURGICAL INC Healthcare 3,209,137.0 $1.82B 1.09% +322K +11.1% $566.36 -22.3%
29 SPOT SPOTIFY TECHNOLOGY S A Communication Services 3,007,221.0 $1.75B 1.05% -82K -2.7% $580.71 -25.4%
30 VRTX VERTEX PHARMACEUTICALS INC Healthcare 3,249,541.0 $1.47B 0.88% -205K -6.0% $453.36 -5.1%
31 APH AMPHENOL CORP NEW Technology 10,257,379.0 $1.39B 0.83% +7.9M +340.8% $135.14 -7.6%
32 NOW SERVICENOW INC Technology 8,432,389.0 $1.29B 0.78% +6.2M +280.1% $153.19 -34.9%
33 GS GOLDMAN SACHS GROUP INC Financial Services 1,353,007.0 $1.19B 0.71% +392K +40.8% $879.00 +12.4%
34 EW EDWARDS LIFESCIENCES CORP Healthcare 13,780,515.0 $1.17B 0.70% -178K -1.3% $85.25 -2.4%
35 ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 11,977,711.0 $1.09B 0.66% -1.9M -13.8% $91.21 +1.2%
36 DDOG DATADOG INC Technology 7,623,993.0 $1.04B 0.62% +2.3M +43.7% $135.99 +60.3%
37 HLT HILTON WORLDWIDE HLDGS INC Consumer Cyclical 3,321,298.0 $954.0M 0.57% -1.4M -30.1% $287.25 +12.4%
38 MELI MERCADOLIBRE INC Consumer Cyclical 369,796.0 $744.9M 0.45% -716K -66.0% $2014.26 -16.7%
39 NU NU HLDGS LTD Financial Services 39,370,791.0 $659.1M 0.40% +17.8M +82.6% $16.74 -21.4%
40 MRK MERCK & CO INC Healthcare 5,559,488.0 $585.2M 0.35% NEW $105.26 +10.1%
Page 2 of 29  ·  574 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 43.1%
Communication Services 14.6%
Consumer Cyclical 12.2%
Healthcare 9.4%
Financial Services 6.9%
Industrials 5.2%
Utilities 3.9%
Consumer Defensive 2.7%
Energy 1.0%
Basic Materials 0.5%