JANUS HENDERSON GROUP PLC

CIK 0001274173 · Q1 2026

13F Equity AUM

$209.4B

-6.2% QoQ

Positions

2,395

+4 QoQ

AUM Rank

#83

Top 0.7%

Skill Alpha (FF)

-0.1%/yr^ns

No Clear Edge

Rank #2,498 · Top 30%

vs S&P -0.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 20.8%Top 10: 29.8%Top 20: 38.4%

NVDA6.9%

MSFT4.2%

AAPL3.3%

GOOG3.3%

AMZN3.2%

AVGO2.9%

LLY1.9%

META1.9%

TSM1.3%

AZN1.1%

Others (2385)70.2%

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

Sector Allocation

Technology32.9%

Healthcare20.3%

Industrials10.4%

Financial Services9.4%

Communication Services8.8%

Consumer Cyclical8.5%

Utilities2.4%

Energy2.1%

Other5.1%

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

Position Sizing

Positions: 2395Median: 0.00%Avg: 0.04%

0–0.5%

2360(52.9%)

0.5–1%

24(16.2%)

1–3%

6(10.1%)

3–5%

4(13.9%)

5%+

1(6.9%)

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

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Portfolio Overlap

Shared: 2,384Unique: 11vs 20 funds

32.6%Moderate

2,395

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

44.7%

BlackRock, Inc.

58.6%

BANK OF AMERICA CORP /DE/

48.4%

GEODE CAPITAL MANAGEMENT, LLC

65%

VANGUARD CAPITAL MANAGEMENT LLC

65.3%

STATE STREET CORP

64.5%

JPMORGAN CHASE & CO

44%

VANGUARD PORTFOLIO MANAGEMENT LLC

73.5%

FMR LLC

57.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New89Increased737Decreased625Exited88

New Positions

AZN1.1%

+11.9M

FORGENT POWER SOLUTI…0.1%

+7.8M

AMCOR PLC0.1%

+3.5M

ARM0.1%

+768K

JANUS DETROIT STR TR0.1%

+2.0M

CCEP0.1%

+1.1M

ORACLE CORP0.0%

+1.7M

DFTX0.0%

+3.6M

EMXC0.0%

+871K

ERAS0.0%

+3.7M

Increased

BHVN0.1%

+16.1M(+1146%)

AUR0.0%

+10.7M(+2069%)

FCX0.3%

+5.8M(+101%)

NERV0.0%

+4.3M(+47614%)

BSX0.5%

+3.9M(+31%)

RLMD0.0%

+3.8M(+52%)

PCVX0.5%

+3.2M(+24%)

PLTR0.2%

+3.0M(+796%)

DUK0.2%

+2.7M(+5254%)

COP0.2%

+2.5M(+208%)

Decreased

AKAM 1.125 02/15/290.0%

-10,000,000(-50%)

DB0.0%

-6,261,957(-90%)

ARDX0.0%

-6,143,458(-42%)

SSNC0.3%

-5,592,063(-40%)

PFE0.0%

-5,562,370(-63%)

MNST0.2%

-4,862,497(-42%)

SCHW0.1%

-4,787,886(-70%)

OCUL0.0%

-4,160,702(-98%)

BABA 0.5 06/01/310.0%

-4,000,000(-11%)

MFC0.0%

-3,844,447(-95%)

Exited

-4,061,641

-8,323,243

-6,939,503

-1,207,156

-1,592,109

-12,021,751

-557,742

-1,100,122

-511,314

-1,823,865

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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