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Livermore
Livermore
ZHEN

Jennison Associates LLC

SEC CIK
0000053417
Latest filing
Aug 3, 2026

The latest 13F from Jennison Associates LLC covers Q2 2026 (filed Aug 3, 2026): 567 long positions worth $166.7B. The top 10 holdings make up 44.6% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 7.7%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
79
Est. +$4.77B
Added
193
Est. +$8.32B
Reduced
282
Est. −$17.0B
Sold out
74
Est. −$1.05B

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    7.7%$12.9BHistory
  2. AAPLApple Inc.
    5.7%$9.49BHistory
  3. AMZNAmazon Com Inc
    5.2%$8.71BHistory
  4. AVGOBroadcom Inc.
    4.9%$8.09BHistory
  5. GOOGLAlphabet Inc.
    4.0%$6.72BHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SPCXSpace Exploration Technologies Corp
    +$1.27BNewHistory
  2. SNDKSandisk Corp
    +$1.07BNewHistory
  3. CRDOCredo Technology Group Holding Ltd
    +$654.9MAddedHistory
  4. NBISNebius Group N.V.
    +$630.7MAddedHistory
  5. LLYEli Lilly & Co
    +$480.4MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AMDAdvanced Micro Devices Inc
    +2.16 pp1.3% → 3.5%History
  2. SPCXSpace Exploration Technologies Corp
    +0.76 pp0.0% → 0.8%History
  3. LLYEli Lilly & Co
    +0.73 pp3.2% → 3.9%History
  4. SNDKSandisk Corp
    +0.64 pp0.0% → 0.6%History
  5. DDOGDatadog, Inc.
    +0.59 pp0.5% → 1.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NVDANVIDIA Corp
    −$1.93BReducedHistory
  2. AMZNAmazon Com Inc
    −$1.19BReducedHistory
  3. EWEdwards Lifesciences Corp
    −$1.16BReducedHistory
  4. SHOPShopify Inc.
    −$1.08BReducedHistory
  5. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −$637.1MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NVDANVIDIA Corp
    −1.15 pp8.9% → 7.7%History
  2. MSFTMicrosoft Corp
    −0.90 pp4.6% → 3.7%History
  3. SHOPShopify Inc.
    −0.86 pp1.3% → 0.5%History
  4. AMZNAmazon Com Inc
    −0.72 pp5.9% → 5.2%History
  5. EWEdwards Lifesciences Corp
    −0.71 pp0.7% → <0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$166.7B
+$21.3B (+14.7%) vs. prior quarter
Positions
567
+5 vs. prior quarter
Top 10 concentration
44.6%
Top 10 as share of value
Turnover
8.4%
Q2 2026, one quarter
Average holding period
17.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $171.8B (Q3 2025)

Q1 2021: $136.6BQ2 2021: $150.9BQ3 2021: $154.7BQ4 2021: $157.7BQ1 2022: $135.8BQ2 2022: $100.2BQ3 2022: $100.6BQ4 2022: $97.2BQ1 2023: $109.0BQ2 2023: $121.9BQ3 2023: $117.8BQ4 2023: $134.2BQ1 2024: $149.6BQ2 2024: $156.0BQ3 2024: $161.1BQ4 2024: $164.7BQ1 2025: $142.6BQ2 2025: $168.6BQ3 2025: $171.8BQ4 2025: $166.6BQ1 2026: $145.4BQ2 2026: $166.7B
Q1 2021Q2 2026
13F filings of Jennison Associates LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 3, 2026567$166.7BNVDAAAPLAMZNvs. Q1 2026SEC
Q1 2026May 6, 2026562$145.4BNVDAAMZNAAPLvs. Q4 2025SEC
Q4 2025Jan 30, 2026574$166.6BNVDAMSFTAMZNvs. Q3 2025SEC
Q3 2025Oct 30, 2025560$171.8BNVDAMSFTAMZNvs. Q2 2025SEC
Q2 2025Aug 1, 2025574$168.6BNVDAMSFTAMZNvs. Q1 2025SEC
Q1 2025May 5, 2025567$142.6BNVDAAMZNAAPLvs. Q4 2024SEC
Q4 2024Jan 24, 2025572$164.7BNVDAAMZNAAPLvs. Q3 2024SEC
Q3 2024Nov 8, 2024558$161.1BNVDAMSFTAMZNvs. Q2 2024SEC
Q2 2024Aug 5, 2024572$156.0BNVDAMSFTAMZNvs. Q1 2024SEC
Q1 2024May 2, 2024572$149.6BNVDAMSFTAMZNvs. Q4 2023SEC
Q4 2023Feb 1, 2024583$134.2BMSFTAMZNNVDAvs. Q3 2023SEC
Q3 2023Oct 31, 2023561$117.8BNVDAMSFTAMZNvs. Q2 2023SEC
Q2 2023Aug 3, 2023564$121.9BNVDAMSFTAAPLvs. Q1 2023SEC
Q1 2023Apr 26, 2023581$109.0BMSFTAAPLNVDAvs. Q4 2022SEC
Q4 2022Feb 9, 2023571$97.2BAAPLMSFTLLYvs. Q3 2022SEC
Q3 2022Nov 1, 2022599$100.6BTSLAAAPLMSFTvs. Q2 2022SEC
Q2 2022Aug 2, 2022614$100.2BAAPLTSLAMSFTvs. Q1 2022SEC
Q1 2022May 11, 2022625$135.8BTSLAAAPLAMZNvs. Q4 2021SEC
Q4 2021Feb 8, 2022653$157.7BTSLAAAPLAMZNvs. Q3 2021SEC
Q3 2021Nov 9, 2021661$154.7BAMZNTSLAAAPLvs. Q2 2021SEC
Q2 2021Aug 12, 2021664$150.9BAMZNTSLAAAPLvs. Q1 2021SEC
Q1 2021May 11, 2021657$136.6BAMZNTSLAAAPL–SEC

13D and 13G filings

Companies where Jennison Associates LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

5 companies, largest stake first.

Companies where Jennison Associates LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
CABACabaletta Bio, Inc.13G/A11.40%24.3M shares+2.50 ppfrom 8.90%Jun 6, 20245 filingsJun 4, 2026SEC
INNSummit Hotel Properties, Inc.13G/A10.80%11.7M shares+4.60 ppfrom 6.20%Feb 7, 20235 filingsJul 2, 2026SEC
HFWAHeritage Financial Corp13G/A7.80%3.21M shares−1.40 ppfrom 9.20%Nov 12, 20245 filingsMay 6, 2026SEC
TREELendingTree, Inc.13G7.40%1.02M sharesNewMay 6, 20261 filingMay 6, 2026SEC
PVLAPalvella Therapeutics, Inc.13G6.70%960.6K sharesNewAug 3, 20261 filingAug 3, 2026SEC

Latest filings

104 filings on file made by Jennison Associates LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Jennison Associates LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
PVLAPalvella Therapeutics, Inc.Aug 3, 202610:48 AM ET13G6.70%960.6K sharesNewJun 30, 2026SEC
AAMIAcadian Asset Management Inc.Aug 3, 202610:47 AM ET13G/A4.30%1.53M shares−1.10 ppfrom 5.40%Below 5%Jun 30, 2026SEC
INNSummit Hotel Properties, Inc.Jul 2, 20263:03 PM ET13G/A10.80%11.7M shares+4.60 ppfrom 6.20%Jun 30, 2026SEC
CABACabaletta Bio, Inc.Jun 4, 20264:18 PM ET13G/A11.40%24.3M shares+2.50 ppfrom 8.90%May 29, 2026SEC
TREELendingTree, Inc.May 6, 20264:13 PM ET13G7.40%1.02M sharesNewMar 31, 2026SEC
TARSTarsus Pharmaceuticals, Inc.May 6, 20264:13 PM ET13G/A4.00%1.71M shares–Below 5%Mar 31, 2026SEC
RSKDRiskified Ltd.May 6, 20264:13 PM ET13G/A0.70%702.9K shares−4.40 ppfrom 5.10%Below 5%Mar 31, 2026SEC
HFWAHeritage Financial CorpMay 6, 20264:13 PM ET13G/A7.80%3.21M shares−1.40 ppfrom 9.20%Mar 31, 2026SEC
GLDDGreat Lakes Dredge & Dock CORPMay 6, 20264:11 PM ET13G/A1.50%1.03M shares−4.80 ppfrom 6.30%Below 5%Mar 31, 2026SEC
ARQTArcutis Biotherapeutics, Inc.May 6, 20264:11 PM ET13G/A4.00%4.98M shares−1.50 ppfrom 5.50%Below 5%Mar 31, 2026SEC
PLYMPlymouth Industrial REIT, Inc.Jan 30, 20264:22 PM ET13G/A3.40%1.53M shares−4.40 ppfrom 7.80%Below 5%Dec 31, 2025SEC
MOFGMidWestOne Financial Group, Inc.Jan 30, 20264:22 PM ET13G/A2.50%518.0K shares−3.90 ppfrom 6.40%Below 5%Dec 31, 2025SEC
HFWAHeritage Financial CorpJan 30, 20264:22 PM ET13G/A9.20%3.11M shares+1.10 ppfrom 8.10%Dec 31, 2025SEC
ARQTArcutis Biotherapeutics, Inc.Jan 30, 20264:21 PM ET13G/A5.50%6.76M shares−4.70 ppfrom 10.20%Dec 31, 2025SEC
AAMIAcadian Asset Management Inc.Jan 30, 20264:21 PM ET13G5.40%1.91M shares+0.60 ppfrom 4.80%Dec 31, 2025SEC
GLDDGreat Lakes Dredge & Dock CORPNov 5, 20251:27 PM ET13G/A6.30%4.27M shares−1.60 ppfrom 7.90%Sep 30, 2025SEC
CAVACava Group, Inc.Nov 5, 20251:26 PM ET13G/A0.00%3.35K shares−5.50 ppfrom 5.50%Below 5%Sep 30, 2025SEC
CABACabaletta Bio, Inc.Nov 5, 20251:26 PM ET13G/A8.90%12.6M shares+1.70 ppfrom 7.20%Sep 30, 2025SEC
AAMIAcadian Asset Management Inc.Nov 5, 20251:26 PM ET13G/A4.80%1.73M shares−1.00 ppfrom 5.80%Below 5%Sep 30, 2025SEC
ARQTArcutis Biotherapeutics, Inc.Oct 6, 20255:46 PM ET13G/A10.20%12.3M shares+0.60 ppfrom 9.60%Sep 30, 2025SEC