Jennison Associates LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 24, 2025), Jennison Associates LLC reported 568 stock positions worth $164.7 billion. Its top holding was Nvidia (NVDA) at 7.9% of the portfolio, followed by Amazon.com (AMZN, 7.0%) and Apple (AAPL, 6.0%). Compared with Q3 2024, it opened 80 new positions, sold out of 70, added to 231 and reduced 253. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale Eli Lilly (LLY, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0000053417
- Portfolio Value
- $164.7B (Q4 2024)
- SEC Filing
- 0000053417-25-000022 ↗ filed Jan 24, 2025
Holdings Value
Holdings 568 stocks · $164.7B
| NVDA Nvidia Corp. | 7.93% | 97,252,072 | $13.1B | Reduce -0.2% |
| AMZN Amazon.com Inc. | 7.04% | 52,834,607 | $11.6B | Reduce -1.5% |
| AAPL Apple Inc. | 6.00% | 39,484,722 | $9.9B | Reduce -3.6% |
| MSFT Microsoft Corp. | 5.84% | 22,798,076 | $9.6B | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 5.07% | 14,247,646 | $8.3B | Reduce -1.3% |
| AVGO Broadcom Inc. | 4.40% | 31,249,540 | $7.2B | Reduce -13.2% |
| NFLX Netflix Inc. | 3.58% | 6,616,356 | $5.9B | Reduce -5.4% |
| TSLA Tesla Inc. | 2.38% | 9,712,913 | $3.9B | Reduce -20.4% |
| LLY Eli Lilly & Co. | 2.25% | 4,796,323 | $3.7B | Reduce -31.0% |
| MA Mastercard Inc. Class A | 2.03% | 6,357,673 | $3.3B | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 1.87% | 16,229,497 | $3.1B | Reduce -10.8% |
| COST Costco Wholesale Corp. | 1.80% | 3,232,189 | $3.0B | Reduce -4.9% |
| GOOG Alphabet Inc. Class C | 1.65% | 14,308,205 | $2.7B | Reduce -7.2% |
| NOW ServiceNow Inc. | 1.51% | 2,352,111 | $2.5B | Add +17.4% |
| V Visa Inc. Class A | 1.48% | 7,723,251 | $2.4B | Reduce -15.1% |
| CDNS Cadence Design SYS Inc. | 1.46% | 8,010,251 | $2.4B | Add +5.3% |
| WMT Walmart Inc. | 1.39% | 25,339,448 | $2.3B | Add +37.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.30% | 19,197,463 | $2.1B | Add +23.4% |
| MELI MercadoLibre Inc. | 1.17% | 1,135,385 | $1.9B | Reduce -39.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.13% | 5,420,980 | $1.9B | Add +7.0% |
| BA The Boeing Co. | 1.11% | 10,301,265 | $1.8B | Add +53.7% |
| VRTX Vertex Pharmaceuticals Inc. | 1.06% | 4,317,762 | $1.7B | Reduce -22.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.04% | 19,944,809 | $1.7B | Reduce -1.2% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.99% | 13,883,374 | $1.6B | Reduce -31.7% |
| UBER Uber Technologies Inc. | 0.97% | 26,460,312 | $1.6B | Add +36.9% |
| CRM Salesforce Inc. | 0.90% | 4,433,785 | $1.5B | Add +52.7% |
| ISRG Intuitive Surgical Inc. | 0.89% | 2,811,315 | $1.5B | Reduce -16.8% |
| ETN Eaton Corp. PLC | 0.87% | 4,319,679 | $1.4B | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.83% | 6,949,520 | $1.4B | Add +73.0% |
| SPOT Spotify Technology SA | 0.81% | 2,985,326 | $1.3B | New |
| DDOG Datadog Inc. Class A | 0.81% | 9,278,648 | $1.3B | Add +47.9% |
| ABNB Airbnb Inc. Class A | 0.80% | 10,025,952 | $1.3B | Reduce -7.3% |
| GE General Electric filed as GE AEROSPACE | 0.80% | 7,878,650 | $1.3B | Add +1.4% |
| SNOW Snowflake Inc. | 0.72% | 7,637,006 | $1.2B | Add +92.2% |
| RACE Ferrari NV | 0.70% | 2,691,807 | $1.1B | Reduce -8.0% |
| AMD Advanced Micro Devices | 0.67% | 9,099,952 | $1.1B | Reduce -23.1% |
| PANW Palo Alto Networks Inc. | 0.64% | 5,759,689 | $1.0B | Reduce -8.5% |
| MCO Moody's Corp. | 0.63% | 2,180,977 | $1.0B | Reduce -6.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.61% | 15,430,963 | $1.0B | Add +3.1% |
| ORLY O'reilly Automotive Inc. | 0.61% | 841,837 | $998.3M | Reduce -5.8% |
| PGR Progressive Corp. | 0.60% | 4,125,187 | $988.4M | Reduce -13.2% |
| VRT Vertiv Holdings Co. Class A | 0.54% | 7,754,347 | $881.0M | Add +68.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.51% | 3,399,270 | $840.2M | Add +5.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.50% | 6,878,619 | $831.0M | Reduce -2.3% |
| ADBE Adobe Inc. | 0.50% | 1,862,334 | $828.1M | Reduce -24.2% |
| HD Home Depot Inc. | 0.43% | 1,812,663 | $705.1M | Reduce -8.9% |
| GS Goldman Sachs Group Inc. | 0.38% | 1,100,822 | $630.4M | Reduce -38.6% |
| MAR Marriott International Class A | 0.37% | 2,161,465 | $602.9M | Reduce -2.1% |
| DXCM Dexcom Inc. | 0.36% | 7,643,757 | $594.5M | Add +10.3% |
| EW Edwards Lifesciences Corp. | 0.34% | 7,509,650 | $555.9M | New |
| CYBR Cyberark Software Ltd./Israel | 0.32% | 1,603,744 | $534.3M | Add +32.3% |
| ADI Analog Devices Inc. | 0.32% | 2,497,078 | $530.5M | Reduce -26.3% |
| ANET Arista Networks Inc. | 0.31% | 4,632,730 | $512.1M | Add +1.9% |
| FICO Fair Isaac Corp. | 0.31% | 254,282 | $506.3M | Add +5.5% |
| RDDT Reddit Inc. Class A | 0.30% | 3,027,784 | $494.9M | New |
| NEE Nextera Energy Inc. | 0.26% | 6,020,284 | $431.6M | Add +4.0% |
| JPM JPMorgan Chase & Co. | 0.25% | 1,736,535 | $416.3M | Add +10.8% |
| APP AppLovin Corp. Class A | 0.25% | 1,279,876 | $414.5M | New |
| NI Nisource Inc. | 0.24% | 10,720,179 | $394.1M | Reduce -0.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.23% | 36,483,933 | $378.0M | Reduce -62.3% |
| LNG Cheniere Energy Inc. | 0.19% | 1,459,875 | $313.7M | Add +10.2% |
| PNC PNC Financial Services Group | 0.19% | 1,608,734 | $310.2M | Reduce -0.3% |
| NVR NVR Inc. | 0.19% | 37,550 | $307.1M | Add +5.7% |
| PEG Public Service Enterprise GP | 0.17% | 3,384,803 | $286.0M | Add +125.3% |
| CAVA Cava Group Inc. | 0.17% | 2,461,732 | $277.7M | Add +36658.7% |
| MET Metlife Inc. | 0.16% | 3,274,258 | $268.1M | Add +3.6% |
| VST Vistra Corp. | 0.16% | 1,854,300 | $255.7M | Reduce -22.1% |
| PCG P G & E Corp. | 0.15% | 12,432,460 | $250.9M | Reduce -0.8% |
| CB Chubb Ltd. | 0.15% | 895,344 | $247.4M | Reduce -15.9% |
| FOUR SHIFT4 Payments Inc. Class A | 0.15% | 2,335,261 | $242.4M | Reduce -17.6% |
| FLUT Flutter Entertainment PLC-Di | 0.15% | 925,927 | $239.3M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.14% | 5,317,359 | $233.7M | Reduce -38.2% |
| ALAB Astera Labs Inc. | 0.14% | 1,736,440 | $230.0M | New |
| MMYT Makemytrip Ltd. | 0.14% | 1,985,376 | $222.9M | Reduce -14.3% |
| CNP Centerpoint Energy Inc. | 0.13% | 6,820,973 | $216.4M | Reduce -0.7% |
| PH Parker Hannifin Corp. | 0.13% | 326,781 | $207.8M | Reduce -2.3% |
| BMY Bristol-Myers Squibb Co. | 0.13% | 3,662,834 | $207.2M | Reduce -13.6% |
| GLPI Gaming and Leisure Propertie | 0.13% | 4,287,118 | $206.5M | Add +5.2% |
| CSCO Cisco Systems Inc. | 0.12% | 3,441,233 | $203.7M | Reduce -3.0% |
| ORCL Oracle Corp. | 0.12% | 1,210,745 | $201.8M | Add +279.7% |
| WMB Williams Cos Inc. | 0.12% | 3,641,435 | $197.1M | Reduce -39.5% |
| UL Unilever PLC | 0.12% | 3,454,686 | $195.9M | Add +66.4% |
| MNDY Monday.com Ltd. | 0.12% | 830,811 | $195.6M | Add +13.7% |
| SHEL Shell PLC-ADR | 0.12% | 3,045,043 | $190.8M | Add +1.0% |
| ARGX Argenx SE - ADR | 0.11% | 302,149 | $185.8M | Add +27.0% |
| ETR Entergy Corp. | 0.11% | 2,423,556 | $183.8M | Add +19.7% |
| UNP Union Pacific Corp. | 0.11% | 799,770 | $182.4M | Add +8.6% |
| CEG Constellation Energy | 0.11% | 804,677 | $180.0M | Reduce -18.9% |
| SRE Sempra | 0.11% | 1,997,542 | $175.2M | Add +8.5% |
| RTX RTX Corp. | 0.11% | 1,514,015 | $175.2M | Add +190.7% |
| BSX Boston Scientific Corp. | 0.11% | 1,942,955 | $173.5M | Add +27.1% |
| GLOB Globant SA | 0.10% | 802,547 | $172.1M | Add +0.6% |
| ARQT Arcutis Biotherapeutics Inc. | 0.10% | 12,339,792 | $171.9M | Add +5.8% |
| KEYS Keysight Technologies Inc. | 0.10% | 1,060,983 | $170.4M | Reduce -50.7% |
| BX Blackstone Inc. | 0.10% | 973,348 | $167.8M | Add +111.0% |
| XOM Exxon Mobil Corp. | 0.10% | 1,543,658 | $166.1M | Add +1.8% |
| TRGP Targa Resources Corp. | 0.10% | 920,650 | $164.3M | Reduce -29.3% |
| EWBC East West Bancorp Inc. | 0.10% | 1,668,785 | $159.8M | Reduce -7.5% |
| ABBV Abbvie Inc. | 0.09% | 874,071 | $155.3M | Reduce -49.5% |
| TOL Toll Brothers Inc. | 0.09% | 1,226,271 | $154.4M | Add +38.7% |
Other holdings (4): bonds, preferreds, convertibles and warrants · $18.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 279,165 | $13.9M | New |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 50,000 | $3.0M | New |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 15,911 | $651K | No change |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 10,076 | $459K | New |
Total filed on the 13F, all lines: $164.7B.
Portfolio Sells Q3 2024 → Q4 2024
| LLY Eli Lilly & Co. | Reduce -31.0% | 2.25% | −1.57 |
| MELI MercadoLibre Inc. | Reduce -39.4% | 1.17% | −1.21 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -99.7% | 0.00% | −0.76 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -62.3% | 0.23% | −0.59 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -22.2% | 1.06% | −0.55 |
| AMD Advanced Micro Devices | Reduce -23.1% | 0.67% | −0.54 |
| MDB Mongodb Inc. | Reduce -99.4% | 0.00% | −0.52 |
| MSFT Microsoft Corp. | Reduce -3.2% | 5.84% | −0.45 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -1.2% | 1.04% | −0.45 |
| TTD Trade Desk Inc./the Class A | Reduce -31.7% | 0.99% | −0.39 |
| ADBE Adobe Inc. | Reduce -24.2% | 0.50% | −0.29 |
| GS Goldman Sachs Group Inc. | Reduce -38.6% | 0.38% | −0.17 |
| ADI Analog Devices Inc. | Reduce -26.3% | 0.32% | −0.16 |
| RACE Ferrari NV | Reduce -8.0% | 0.70% | −0.15 |
| PGR Progressive Corp. | Reduce -13.2% | 0.60% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -16.8% | 0.89% | −0.14 |
| ABBV Abbvie Inc. | Reduce -49.5% | 0.09% | −0.12 |
| CI The Cigna Group | Reduce -52.9% | 0.06% | −0.11 |
| KEYS Keysight Technologies Inc. | Reduce -50.7% | 0.10% | −0.11 |
| AMGN Amgen Inc. | Reduce -67.0% | 0.03% | −0.09 |
| LRCX Lam Research Corp. | Reduce -63.2% | 0.04% | −0.08 |
| CNC Centene Corp. | Sold out | 0.00% | −0.08 |
| PEP Pepsico Inc. | Reduce -67.0% | 0.03% | −0.08 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.08 |
| HD Home Depot Inc. | Reduce -8.9% | 0.43% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -4.9% | 1.80% | −0.07 |
| BAC Bank of America Corp. | Reduce -38.2% | 0.14% | −0.07 |
| V Visa Inc. Class A | Reduce -15.1% | 1.48% | −0.07 |
| WFRD Weatherford International PL | Sold out | 0.00% | −0.07 |
| FERG Ferguson Enterprises Inc. | Sold out | 0.00% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -1.3% | 5.07% | −0.07 |
| HUM Humana Inc. | Sold out | 0.00% | −0.07 |
| SNY Sanofi-ADR | Reduce -89.5% | 0.01% | −0.06 |
| MCO Moody's Corp. | Reduce -6.5% | 0.63% | −0.06 |
| ABNB Airbnb Inc. Class A | Reduce -7.3% | 0.80% | −0.05 |
| CEG Constellation Energy | Reduce -18.9% | 0.11% | −0.05 |
| WMB Williams Cos Inc. | Reduce -39.5% | 0.12% | −0.05 |
| CSTM Constellium SE | Reduce -96.6% | 0.00% | −0.05 |
| MPWR Monolithic Power Systems Inc. | Reduce -62.7% | 0.01% | −0.04 |
| GM General Motors Co. | Reduce -53.9% | 0.05% | −0.04 |
| CB Chubb Ltd. | Reduce -15.9% | 0.15% | −0.04 |
| KBR KBR Inc. | Reduce -54.3% | 0.03% | −0.04 |
| ORLY O'reilly Automotive Inc. | Reduce -5.8% | 0.61% | −0.03 |
| OTIS Otis Worldwide Corp. | Reduce -35.0% | 0.04% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -1.6% | 0.87% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -8.5% | 0.64% | −0.03 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.03 |
| BLD Topbuild Corp. | Sold out | 0.00% | −0.03 |
| CLDX Celldex Therapeutics Inc. | Sold out | 0.00% | −0.03 |
| ACHC Acadia Healthcare Co. Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| SPOT Spotify Technology SA | New | 0.81% | +0.81 |
| BA The Boeing Co. | Add +53.7% | 1.11% | +0.47 |
| WMT Walmart Inc. | Add +37.1% | 1.39% | +0.46 |
| SNOW Snowflake Inc. | Add +92.2% | 0.72% | +0.43 |
| CRM Salesforce Inc. | Add +52.7% | 0.90% | +0.41 |
| NOW ServiceNow Inc. | Add +17.4% | 1.51% | +0.40 |
| TSM Taiwan Semiconductor-SP ADR | Add +73.0% | 0.83% | +0.40 |
| DIS The Walt Disney Co. | Add +23.4% | 1.30% | +0.37 |
| DDOG Datadog Inc. Class A | Add +47.9% | 0.81% | +0.36 |
| EW Edwards Lifesciences Corp. | New | 0.34% | +0.34 |
| RDDT Reddit Inc. Class A | New | 0.30% | +0.30 |
| APP AppLovin Corp. Class A | New | 0.25% | +0.25 |
| VRT Vertiv Holdings Co. Class A | Add +68.6% | 0.54% | +0.25 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +7.0% | 1.13% | +0.24 |
| CDNS Cadence Design SYS Inc. | Add +5.3% | 1.46% | +0.18 |
| CAVA Cava Group Inc. | Add +36658.7% | 0.17% | +0.17 |
| FLUT Flutter Entertainment PLC-Di | New | 0.15% | +0.15 |
| ALAB Astera Labs Inc. | New | 0.14% | +0.14 |
| CYBR Cyberark Software Ltd./Israel | Add +32.3% | 0.32% | +0.11 |
| PEG Public Service Enterprise GP | Add +125.3% | 0.17% | +0.09 |
| ORCL Oracle Corp. | Add +279.7% | 0.12% | +0.09 |
| ABT Abbott Laboratories | Add +22372.2% | 0.08% | +0.08 |
| SHOP Shopify Inc. Class A | New | 0.08% | +0.08 |
| DXCM Dexcom Inc. | Add +10.3% | 0.36% | +0.07 |
| UBER Uber Technologies Inc. | Add +36.9% | 0.97% | +0.07 |
| RTX RTX Corp. | Add +190.7% | 0.11% | +0.07 |
| BX Blackstone Inc. | Add +111.0% | 0.10% | +0.06 |
| GILD Gilead Sciences Inc. | New | 0.05% | +0.05 |
| NAMS Newamsterdam Pharma Co. NV | Add +291.9% | 0.06% | +0.05 |
| PLD Prologis Inc. | Add +395.3% | 0.07% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +10.8% | 0.25% | +0.05 |
| HLT Hilton Worldwide Holdings Inc. | Add +5.1% | 0.51% | +0.05 |
| NBIX Neurocrine Biosciences Inc. | Add +145.1% | 0.07% | +0.04 |
| LNG Cheniere Energy Inc. | Add +10.2% | 0.19% | +0.04 |
| ANET Arista Networks Inc. | Add +1.9% | 0.31% | +0.04 |
| TARS Tarsus Pharmaceuticals Inc. | Add +14.8% | 0.08% | +0.04 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.04% | +0.04 |
| ARQT Arcutis Biotherapeutics Inc. | Add +5.8% | 0.10% | +0.04 |
| GEHC GE Healthcare Technology | Add +124.5% | 0.08% | +0.04 |
| UL Unilever PLC | Add +66.4% | 0.12% | +0.04 |
| GNRC Generac Holdings Inc. | Add +133.6% | 0.06% | +0.03 |
| ARGX Argenx SE - ADR | Add +27.0% | 0.11% | +0.03 |
| CRGY Crescent Energy Inc. Class A | Add +234.4% | 0.04% | +0.03 |
| EHC Encompass Health Corp. | New | 0.03% | +0.03 |
| ETR Entergy Corp. | Add +19.7% | 0.11% | +0.03 |
| SAP Sap SE-Sponsored ADR | New | 0.03% | +0.03 |
| CBRE CBRE Group Inc. Class A | Add +88.6% | 0.06% | +0.03 |
| DUK Duke Energy Corp. | New | 0.03% | +0.03 |
| LFST Lifestance Health Group Inc. | Add +278.4% | 0.04% | +0.03 |
| BSX Boston Scientific Corp. | Add +27.1% | 0.11% | +0.03 |
Notes & Other Activity Q3 2024 → Q4 2024
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | New | 279,165 | $13.9M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | New | 50,000 | $3.0M |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | New | 10,076 | $459K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 564 | $166.7B | NVDA, AAPL, AMZN, AVGO, GOOGL |
| Q1 2026 | 559 | $145.4B | NVDA, AMZN, AAPL, AVGO, MSFT |
| Q4 2025 | 571 | $166.6B | NVDA, MSFT, AMZN, AAPL, AVGO |
| Q3 2025 | 557 | $171.8B | NVDA, MSFT, AMZN, AAPL, META |
| Q2 2025 | 570 | $168.6B | NVDA, MSFT, AMZN, META, NFLX |
| Q1 2025 | 563 | $142.6B | NVDA, AMZN, AAPL, META, MSFT |
| Q4 2024 | 568 | $164.7B | NVDA, AMZN, AAPL, MSFT, META |
| Q3 2024 | 557 | $161.1B | NVDA, MSFT, AMZN, AAPL, META |
| Q2 2024 | 571 | $156.0B | NVDA, MSFT, AMZN, AAPL, META |
| Q1 2024 | 571 | $149.6B | NVDA, MSFT, AMZN, META, LLY |