JENNISON ASSOCIATES LLC

CIK 0000053417 · Q2 2026

13F Equity AUM

$166.7B

+14.7% QoQ

Positions

567

+5 QoQ

AUM Rank

#74

Top 0.8%

Skill Alpha (FF)

+1.4%/yr^ns

No Clear Edge

Rank #1,633 · Top 20%

vs S&P +3.2%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 27.5%Top 10: 44.6%Top 20: 61.3%

NVDA7.7%

AAPL5.7%

AMZN5.2%

AVGO4.8%

GOOGL4.0%

LLY3.9%

MSFT3.6%

AMD3.5%

TSM3.1%

GOOG3.0%

Others (557)55.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology43.6%

Communication Services13.5%

Consumer Cyclical10.5%

Healthcare8.5%

Industrials7.6%

Financial Services6.2%

Utilities3.8%

Consumer Defensive2.7%

Other3.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 567Median: 0.02%Avg: 0.18%

0–0.5%

524(21.3%)

0.5–1%

21(15.4%)

1–3%

13(21.7%)

3–5%

6(23.0%)

5%+

3(18.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 567vs 20 funds

0%Low

567

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New80Increased194Decreased280Exited75

New Positions

SPACE EXPLORATION TE…0.8%

+7.4M

SNDK0.6%

+472K

FWONK0.2%

+3.9M

HWM0.2%

+1.2M

NVT0.2%

+1.5M

CLS0.1%

+462K

DASH0.1%

+749K

SYK0.1%

+323K

BELFB0.1%

+292K

INTC0.1%

+773K

Increased

CABA0.0%

+11.1M(+123%)

INN0.1%

+4.6M(+65%)

KLAC0.9%

+4.5M(+1171%)

CRGY0.0%

+3.3M(+78%)

BAC0.2%

+2.9M(+99%)

CRWV0.2%

+2.8M(+227%)

SBUX0.2%

+2.8M(+16012%)

CRDO0.4%

+2.4M(+975%)

LYV0.3%

+2.3M(+2892%)

YNDX0.7%

+2.3M(+134%)

Decreased

NU0.0%

-35,801,200(-100%)

EW0.0%

-12,827,871(-98%)

NVDA7.7%

-9,630,791(-13%)

SHOP0.5%

-9,452,863(-58%)

AMZN5.2%

-4,978,637(-12%)

MRK0.2%

-3,520,379(-56%)

ELD0.1%

-2,764,019(-37%)

EMBJ0.1%

-2,650,768(-49%)

HAYW0.0%

-2,416,809(-50%)

DIS0.7%

-2,120,251(-15%)

Exited

-1,264,546

-115,199

-1,048,097

-1,386,562

-897,775

-1,322,015

-695,019

-254,901

-211,509

-438,326

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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