Nvidia CEO Jensen Huang.Rick Wilking/Reuters A low-profile asset manager has been a major winner from the Big Tech stock rally this year. Jennison Associates' stakes in Tesla, Nvidia, Microsoft, Apple, and Amazon have soared in value. It held $36 billion worth of those five stocks at the end of June, up from $21 billion in December. A secretive asset manager has emerged as a massive winner from the breathless rally in Big Tech stocks this year.Jennison Associates held a combined $36 billion of Nvidia, Tesla, Microsoft, Apple, and Amazon shares at the end of June, Securities and Exchange Commission filings showed.
Comment on A secretive asset manager had $36 billion riding on just 5 tech stocks including Tesla and Nvidia at the end of June
tmohamed@insider.com (Theron Mohamed), Business Insider
Tue, 08/15/2023 - 2:06am
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