JENNISON ASSOCIATES LLC

JENNISON ASSOCIATES LLC declares $103.9B in 110 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 62.3% of its $166.7B 13F portfolio. Largest positions: NVIDIA (0.27% of the company) and Alphabet (0.27% of the company). Over time: $103.9B in 110 of these companies for Q2 2026, against $34.1B in 54 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $6.4B and sold $8.7B of these stocks, at the quarter's prices: a net sale of $2.3B; 17 new positions and 4 sold out.

Performance of its AI picks

The AI-stock portfolio JENNISON ASSOCIATES LLC declared for Q2 2026 (Form 13F), held unchanged, returned +5.7% in Q3 2026 (SMH -7.1%), ranked 490 of 1,785 active managers. Over the last 12 months, quarter after quarter: +22.2% (SMH +87.2%), ranked 1089 of 1,360 active managers. Over three years, quarter after quarter: +152.9% (SMH +325.8%), ranked 310 of 784 active managers. Over five years, quarter after quarter: +162.2% (SMH +389.8%), ranked 246 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

  1. NVIDIA (NVDA): $12.9B, 64.3M shares, 0.27% of the company, 7.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  2. Alphabet (GOOGL): $11.7B, 32.8M shares, 0.27% of the company, 7.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  3. Apple (AAPL): $9.5B, 32.8M shares, 0.23% of the company, 5.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  4. Amazon (AMZN): $8.7B, 36.5M shares, 0.34% of the company, 5.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  5. Broadcom (AVGO): $8.1B, 21.4M shares, 0.45% of the company, 4.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  6. Microsoft (MSFT): $6.1B, 16.3M shares, 0.22% of the company, 3.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  7. AMD (AMD): $5.8B, 10.0M shares, 0.61% of the company, 3.5% of its portfolio (added this quarter); held since Q3 2025
  8. TSMC (TSM): $5.1B, 10.7M shares, 0.21% of the company, 3.1% of its portfolio (trimmed this quarter); held since Q1 2023
  9. Meta Platforms (META): $4.2B, 7.4M shares, 0.29% of the company, 2.5% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
  10. CrowdStrike (CRWD): $2.9B, 15.0M shares, 1.5% of the company, 1.7% of its portfolio (trimmed this quarter); held since Q1 2020
  11. Datadog (DDOG): $1.8B, 6.9M shares, 1.9% of the company, 1.1% of its portfolio (added this quarter); held since Q1 2022
  12. Cadence (CDNS): $1.7B, 4.5M shares, 1.6% of the company, 1.0% of its portfolio (trimmed this quarter); held since Q4 2021
  13. Amphenol (APH): $1.6B, 18.4M shares, 0.75% of the company, 0.98% of its portfolio (trimmed this quarter); held since Q3 2025
  14. Snowflake (SNOW): $1.6B, 6.3M shares, 1.8% of the company, 0.97% of its portfolio (trimmed this quarter); held since Q3 2020
  15. Lam Research (LRCX): $1.5B, 3.5M shares, 0.28% of the company, 0.92% of its portfolio (added this quarter); held since Q4 2019 or earlier

By sector

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