Jennison Associates portfolio

What changed this quarter

577 positions with a change (69 new, 171 added to, 265 trimmed, 72 sold); also, 10 entered through an IPO, 2 exited through an acquisition or merger. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• NVIDIA−13%fewer sharesReduced
  8.9% → 7.7%
• Amazon.com−12%fewer sharesReduced
  5.9% → 5.2%
• Shopify−58%fewer sharesReduced
  1.3% → 0.5%
• Sandisk+0.6 ppof portfolioNew
  — → 0.6%
• Edwards Lifesciences−98%fewer sharesReduced
  0.7% → under 0.1%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA7.7%
• AlphabetGOOGL · GOOG7.0%
• AppleAAPL5.7%
• Amazon.comAMZN5.2%
• BroadcomAVGO4.9%
• Eli LillyLLY3.9%
• MicrosoftMSFT3.7%
• Advanced Micro DevicesAMD3.5%
• Taiwan Semiconductor ManufacturingTSM3.1%
• Meta PlatformsMETA2.5%
• GE AerospaceGE2.4%
• TeslaTSLA2.2%
• CrowdStrike HoldingsCRWD1.7%
• MastercardMA1.5%
• VisaV1.4%
• WalmartWMT1.3%
• BoeingBA1.2%
• Costco WholesaleCOST1.2%
• NetflixNFLX1.2%
• DatadogDDOG1.1%
• Cadence Design SystemsCDNS1.0%
• AmphenolAPH1.0%
• SnowflakeSNOW1.0%
• Lam ResearchLRCX0.9%
• Vertex PharmaceuticalsVRTX0.9%
• KLAKLAC0.9%
• Intuitive SurgicalISRG0.9%
• Constellation EnergyCEG0.8%
• CloudflareNET0.8%
• Spotify TechnologySPOT0.8%
• Space Exploration TechnologiesSPCX0.8%
• Goldman Sachs GroupGS0.7%
• Walt DisneyDIS0.7%
• Nebius GroupNBIS0.7%
• SandiskSNDK0.6%
• Hilton Worldwide HoldingsHLT0.6%
• Palantir TechnologiesPLTR0.6%
• GE VernovaGEV0.6%
• AppLovinAPP0.6%
• Texas InstrumentsTXN0.6%
• OracleORCL0.5%
• O Reilly AutomotiveORLY0.5%
• ShopifySHOP0.5%
• Bloom EnergyBE0.5%
• Carpenter TechnologyCRS0.4%
• Credo Technology Group HoldingCRDO0.4%
• Micron TechnologyMU0.4%
• TJXTJX0.4%
• AirbnbABNB0.3%
• Nextera EnergyNEE0.3%
• Vertiv HoldingsVRT0.3%
• NisourceNI0.3%
• Live Nation EntertainmentLYV0.3%
• CoreWeaveCRWV0.2%
• JPMorgan ChaseJPM0.2%
• Liberty MediaFWONK0.2%
• Keysight TechnologiesKEYS0.2%
• MerckMRK0.2%
• MercadoLibreMELI0.2%
• UnitedHealth GroupUNH0.2%
• Bank of AmericaBAC0.2%
• Centerpoint EnergyCNP0.2%
• Howmet AerospaceHWM0.2%
• Sterling InfrastructureSTRL0.2%
• Cisco SystemsCSCO0.2%
• PNC Financial Services GroupPNC0.2%
• Vistra OperationsVST0.2%
• StarbucksSBUX0.2%
• nVent ElectricNVT0.2%
• Monolithic Power SystemsMPWR0.2%
• ShellSHEL0.2%
• Parker-hannifinPH0.2%
• UBER TechnologiesUBER0.1%
• EntergyETR0.1%
• Toll BrothersTOL0.1%
• M&t BankMTB0.1%
• Truist FinancialTFC0.1%
• Cheniere EnergyLNG0.1%
• MetLifeMET0.1%
• ONTO InnovationONTO0.1%
• Union PacificUNP0.1%
• ArgenxARGX0.1%
• Exxon MobilXOM0.1%
• SempraSRE0.1%
• ChubbCB0.1%
• ASML HoldingASML0.1%
• Gaming and Leisure PropertiesGLPI0.1%
• Williams CompaniesWMB0.1%
• Dell TechnologiesDELL0.1%
• IdacorpIDA0.1%
• SouthernSO0.1%
• American Electric PowerAEP0.1%
• EmbraerEMBJ0.1%
• AbbVieABBV0.1%
• CelesticaCLS0.1%
• Robinhood MarketsHOOD0.1%
• Johnson Controls InternationalJCI0.1%
• Roivant SciencesROIV0.1%
• Ralph LaurenRL0.1%