1y return+13.6%S&P 500 +20.9%
3y return+81.7%S&P 500 +68.5%
5y return+59.5%S&P 500 +74.5%
10y return+344.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $445 against $357 in the S&P 500.2
Jennison Associates LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $12.9B | 7.7% | −13.0% |
| AAPLApple Inc | $9.5B | 5.7% | −2.4% |
| AMZNAmazon Com Inc | $8.7B | 5.2% | −12.0% |
| AVGOBroadcom Inc | $8.1B | 4.9% | −6.0% |
| GOOGLAlphabet Inc | $6.7B | 4.0% | −5.3% |
| LLYEli Lilly & Co | $6.6B | 3.9% | +7.9% |
| MSFTMicrosoft Corp | $6.1B | 3.7% | −8.7% |
| AMDAdvanced Micro Devices Inc | $5.8B | 3.5% | +5.8% |
| TSMTaiwan Semiconductor Manufac | $5.1B | 3.1% | −11.1% |
| GOOGAlphabet Inc | $5.0B | 3.0% | −2.1% |
| METAMeta Platforms Inc | $4.2B | 2.5% | −6.3% |
| GEGe Aerospace | $4.1B | 2.4% | −1.1% |
| TSLATesla Inc | $3.6B | 2.2% | −14.0% |
| CRWDCrowdstrike Hldgs Inc | $2.9B | 1.7% | −1.8% |
| MAMastercard Incorporated | $2.6B | 1.5% | −2.5% |
| VVisa Inc | $2.4B | 1.4% | |
| WMTWalmart Inc | $2.1B | 1.3% | −7.1% |
| BABoeing Co | $2.1B | 1.2% | −6.9% |
| COSTCostco Wholesale Corporation | $2.0B | 1.2% | −6.3% |
| NFLXNetflix Inc. | $1.9B | 1.2% | −3.4% |
| DDOGDatadog Inc | $1.8B | 1.1% | +15.8% |
| CDNSCadence Design System Inc | $1.7B | 1.0% | −21.8% |
| APHAmphenol Corp | $1.6B | 1.0% | −9.9% |
| SNOWSnowflake Inc | $1.6B | 1.0% | −11.5% |
| LRCXLam Research Corp | $1.5B | 0.9% | +4.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $12.9B |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $8.1B |
| CRWDCrowdstrike Hldgs Inc | June 30, 2020 | +661.0% | $2.9B |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $6.6B |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $990.5M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $1.5B |
| TSMTaiwan Semiconductor Manufac | March 31, 2023 | +413.4% | $5.1B |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $1.2B |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $6.7B |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $5.0B |
Sold off last quarter
- GILDGilead Sciences Inc was $176.2M
- REGNRegeneron Pharmaceuticals was $89.0M
- DXCMDexcom Inc was $65.8M
- Dupont De Nemours IncCUSIP 26614N102 was $60.5M
- DOWDow Hldgs Inc was $57.8M
- BSXBoston Scientific Corp was $56.3M
- GEHCGe Healthcare Technologies I was $49.5M
- DUKDuke Energy Corp New was $33.4M
- XYLXylem Inc was $32.9M
- OPCHOption Care Health Inc was $32.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +17.5% | +14.8% |
| March 31, 2026 | −9.1% | −4.6% |
| December 31, 2025 | +0.8% | +2.4% |
| September 30, 2025 | +5.5% | +7.8% |
| June 30, 2025 | +19.1% | +10.5% |
| March 31, 2025 | −8.7% | −4.6% |
| December 31, 2024 | +5.3% | +2.1% |
| September 30, 2024 | +2.9% | +5.4% |
| June 30, 2024 | +6.3% | +4.0% |
| March 31, 2024 | +13.4% | +10.0% |
| December 31, 2023 | +15.4% | +11.2% |
| September 30, 2023 | −2.3% | −3.6% |
| June 30, 2023 | +13.7% | +8.3% |
| March 31, 2023 | +14.2% | +7.0% |
| December 31, 2022 | −1.3% | +7.1% |
| September 30, 2022 | −1.8% | −5.3% |
| June 30, 2022 | −25.0% | −16.5% |
| March 31, 2022 | −12.2% | −4.9% |
| December 31, 2021 | +4.6% | +10.7% |
| September 30, 2021 | +1.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Jennison Associates LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=53417&type=13F-HR&dateb=&owner=include&count=40CIK 53417
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/53417/000005341726000052/Filed August 3, 2026 · accession 0000053417-26-000052