Institution

Janus Henderson Group PLC

13F for the quarter to March 31, 2026, filed May 18, 2026 · SEC CIK 1274173

Reported value: $209.4bn
Positions we cover: 2,211
Copy, a year: +14.4%
Copy Sharpe ratio: 0.75

How copying its 13F would have done

CopyS&P 500 $10,000 copying Janus Henderson Group PLC's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.3% (S&P 500 −31.8%); beta 1.05; alpha −0.2% a year (t = −0.26); last 12 months +7.9% against +12.1%.

Reported value by quarter

Janus Henderson Group PLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2013-06-30	$8.6B
2013-09-30	$9.1B
2013-12-31	$9.9B
2014-03-31	$10.3B
2014-06-30	$10.7B
2014-09-30	$10.6B
2014-12-31	$13.9B
2015-03-31	$13B
2015-06-30	$12.7B
2015-09-30	$11.4B
2015-12-31	$12.5B
2016-03-31	$12.3B
2016-06-30	$12B
2016-09-30	$13.6B
2016-12-31	$13.6B
2017-03-31	$14.2B
2017-06-30	$147.3B
2017-09-30	$156B
2017-12-31	$164.5B
2018-03-31	$169.7B
2018-06-30	$175.4B
2018-09-30	$187.1B
2018-12-31	$156.8B
2019-03-31	$180.4B
2019-06-30	$184.4B
2019-09-30	$184.6B
2019-12-31	$195.3B
2020-03-31	$145.3B
2020-06-30	$178.1B
2020-09-30	$191.8B
2020-12-31	$215.2B
2021-03-31	$219B
2021-06-30	$233.6B
2021-09-30	$228.7B
2021-12-31	$239.8B
2022-03-31	$207.1B
2022-06-30	$145B
2022-09-30	$133.5B
2022-12-31	$140T
2023-03-31	$151.7B
2023-06-30	$160.8B
2023-09-30	$152.7B
2023-12-31	$167.7B
2024-03-31	$183.3B
2024-06-30	$186.7B
2024-09-30	$195.4B
2024-12-31	$196.7B
2025-03-31	$182.4B
2025-06-30	$204B
2025-09-30	$219B
2025-12-31	$223.3B
2026-03-31	$209.4B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.88%	$14.4bn	83.02M	+0.2%
MSFTMicrosoft Corporation	4.21%	$8.8bn	23.88M	−10.9% Reduced
AAPLApple Inc.	3.25%	$6.8bn	26.92M	−1.6% Reduced
AMZNAmazon	3.19%	$6.7bn	32.30M	−4.9% Reduced
AVGOBroadcom	2.85%	$6.0bn	19.35M	−4.3% Reduced
LLYLilly (Eli)	1.90%	$4.0bn	4.35M	−2.1% Reduced
METAMeta Platforms	1.88%	$3.9bn	6.92M	+12.7% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	1.27%	$2.7bn	7.92M	−4.5% Reduced
AZNAstrazeneca PLC	1.11%	$2.3bn	11.95M	New
MAMastercard	1.08%	$2.3bn	4.57M	−13.2% Reduced
LRCXLam Research	0.94%	$2.0bn	9.27M	+2.0% Added
JNJJohnson & Johnson	0.92%	$1.9bn	7.87M	+1.9% Added
ARGXArgenx SE	0.88%	$1.8bn	2.54M	+3.4% Added
KLACKLA Corporation	0.87%	$1.8bn	1.24M	−8.3% Reduced
ETNEaton Corporation	0.86%	$1.8bn	5.09M	+0.9% Added
HWMHowmet Aerospace	0.84%	$1.8bn	7.76M	−2.4% Reduced
ORCLOracle Corporation	0.84%	$1.8bn	12.05M	−17.1% Reduced
ABBVAbbVie	0.72%	$1.5bn	6.93M	+8.3% Added
NFLXNetflix	0.68%	$1.4bn	14.88M	+12.2% Added
FERGFerguson Enterprises	0.68%	$1.4bn	6.11M	+2.1% Added
VVisa Inc.	0.65%	$1.4bn	4.49M	+33.1% Added
FLEXFlex Ltd.	0.64%	$1.3bn	20.62M	−7.7% Reduced
GEVGE Vernova	0.63%	$1.3bn	1.52M	+4358.6% Added
MUMicron Technology	0.63%	$1.3bn	3.88M	+19.5% Added
JPMJPMorgan Chase	0.59%	$1.2bn	4.18M	−0.4%
DHRDanaher Corporation	0.58%	$1.2bn	6.49M	−4.8% Reduced
APHAmphenol	0.57%	$1.2bn	9.46M	−4.5% Reduced
DASHDoorDash	0.55%	$1.2bn	7.76M	+40.2% Added
BKNGBooking Holdings	0.54%	$1.1bn	270.0K	−15.3% Reduced
PRAXPraxis Precision Medicines, Inc.	0.53%	$1.1bn	3.46M	+6.8% Added
LPLALPL Financial Holdings Inc.	0.53%	$1.1bn	3.67M	+8.6% Added
MELIMercadolibre Inc	0.51%	$1.1bn	614.2K	+1.7% Added
MDGLMadrigal Pharmaceuticals, Inc.	0.50%	$1.1bn	2.02M	+27.4% Added
BSXBoston Scientific	0.49%	$1.0bn	16.50M	+31.0% Added
UNHUnitedHealth Group	0.47%	$991.4m	3.69M	+2.5% Added
ICEIntercontinental Exchange	0.47%	$987.7m	6.32M	−3.6% Reduced
BBIOBridgebio Pharma, Inc.	0.47%	$978.6m	13.18M	+19.8% Added
PCVXVaxcyte, Inc.	0.46%	$960.2m	16.58M	+23.8% Added
VRTXVertex Pharmaceuticals	0.45%	$951.8m	2.13M	−4.1% Reduced
RVMDRevolution Medicines, Inc.	0.45%	$949.5m	9.77M	−20.6% Reduced
APGApi Group Corp	0.45%	$946.8m	23.37M	+1.1% Added
PGRProgressive Corporation	0.45%	$938.0m	4.73M	−13.1% Reduced
TDYTeledyne Technologies	0.45%	$935.1m	1.55M	−8.7% Reduced
GEGE Aerospace	0.44%	$926.1m	3.26M	−8.3% Reduced
FWONKLiberty Media Corp	0.44%	$925.3m	10.88M	+2.9% Added
DDOGDatadog, Inc.	0.43%	$905.6m	7.75M	+22.8% Added
GOOGLAlphabet Inc. (Class A)	0.42%	$885.4m	3.08M	+20.9% Added
CVXChevron Corporation	0.41%	$865.2m	4.18M	−14.3% Reduced
ONON Semiconductor Corp	0.41%	$848.4m	13.70M	+10.9% Added
INTUIntuit	0.41%	$848.0m	1.96M	−2.8% Reduced
JBHTJ.B. Hunt	0.40%	$843.9m	3.98M	+1.1% Added
ABTAbbott Laboratories	0.40%	$830.9m	8.09M	+8.6% Added
SPOTSpotify Technology S.a.	0.40%	$829.6m	1.71M	+20.1% Added
TJXTJX Companies	0.40%	$827.6m	5.18M	−1.7% Reduced
LNTAlliant Energy	0.39%	$809.0m	11.27M	+1.2% Added
TTTrane Technologies	0.37%	$782.7m	1.88M	+10.6% Added
BABoeing	0.36%	$760.2m	3.86M	−1.2% Reduced
ISRGIntuitive Surgical	0.36%	$757.5m	1.64M	+3.7% Added
RVTYRevvity	0.35%	$731.4m	8.35M	+2.3% Added
PMPhilip Morris International	0.35%	$729.8m	4.41M	−1.0% Reduced
ARMKAramark	0.35%	$729.1m	17.98M	−1.2% Reduced
APPApplovin Corp	0.34%	$718.3m	1.82M	−44.0% Reduced
AXPAmerican Express	0.33%	$700.2m	2.31M	−7.1% Reduced
FCXFreeport-McMoRan	0.32%	$675.9m	11.50M	+101.2% Added
CLHClean Harbors Inc	0.32%	$675.4m	2.36M	−0.9% Reduced
PNCPNC Financial Services	0.32%	$659.6m	3.17M	−7.9% Reduced
GMEDGlobus Medical Inc	0.31%	$656.8m	7.62M	+4.5% Added
DISThe Walt Disney Company	0.31%	$646.0m	6.70M	+7.7% Added
MSMorgan Stanley	0.31%	$645.5m	3.92M	−6.1% Reduced
SYKStryker Corporation	0.31%	$643.7m	1.96M	−5.6% Reduced
MIRMMirum Pharmaceuticals, Inc.	0.31%	$641.8m	6.95M	+14.5% Added
CDNSCadence Design Systems Inc	0.30%	$638.7m	2.30M	−13.6% Reduced
DEDeere & Company	0.30%	$634.1m	1.13M	−3.0% Reduced
HDThe Home Depot	0.30%	$626.4m	1.90M	−8.7% Reduced
CTVACorteva, Inc.	0.29%	$607.2m	7.25M	−4.7% Reduced
NXPINXP Semiconductors	0.29%	$604.3m	3.07M	+19.6% Added
HLTHilton Worldwide	0.29%	$603.7m	2.04M	+13.5% Added
WEXWEX Inc.	0.29%	$599.3m	3.92M	+1.1% Added
ANETArista Networks	0.29%	$599.2m	4.88M	+44.5% Added
AEEAmeren	0.28%	$591.1m	5.38M	+11.5% Added
GILGildan Activewear Inc.	0.28%	$589.5m	10.59M	+0.9% Added
DKNGDraftkings Inc.	0.28%	$588.3m	27.67M	+9.3% Added
TELTE Connectivity	0.28%	$588.0m	2.81M	−1.7% Reduced
UBERUber	0.28%	$584.8m	8.13M	+19.4% Added
GKOSGlaukos Corp	0.28%	$575.8m	5.35M	+77.2% Added
SSNCSS&C Technologies Holdings Inc	0.27%	$569.3m	8.43M	−39.9% Reduced
GSGoldman Sachs	0.27%	$568.1m	671.6K	−8.4% Reduced
MCKMcKesson	0.26%	$544.2m	628.9K	−12.4% Reduced
RCLRoyal Caribbean Group	0.26%	$542.0m	1.97M	−18.5% Reduced
MSIMotorola Solutions	0.26%	$540.0m	1.24M	+5.0% Added
CPCanadian Pacific Kansas City LTD	0.25%	$530.6m	6.75M	+9.8% Added
IRIngersoll Rand	0.25%	$526.9m	6.58M	+2.3% Added
RTORentokil Initial PLC	0.25%	$522.3m	16.59M	+3.0% Added
UTHRUnited Therapeutics Corp	0.24%	$514.0m	866.9K	+8.9% Added
TFXTeleflex Inc	0.24%	$513.3m	4.29M	+1.1% Added
BXBlackstone Inc.	0.24%	$509.1m	4.47M	−45.9% Reduced
MDLNMedline Inc.	0.24%	$506.5m	11.45M	+8.4% Added
PTCPTC Inc.	0.24%	$503.0m	3.53M	+0.3%
MMM3M	0.23%	$492.9m	3.39M	−9.3% Reduced
PTCTPTC Therapeutics, Inc.	0.23%	$490.0m	7.19M	+48.3% Added
MNSTMonster Beverage	0.23%	$489.7m	6.76M	−41.8% Reduced
COPConocoPhillips	0.23%	$488.0m	3.70M	+207.9% Added
WATWaters Corporation	0.23%	$488.0m	1.64M	+27.0% Added
HCAHCA Healthcare	0.23%	$481.5m	1.02M	−6.6% Reduced
PLTRPalantir Technologies Inc.	0.23%	$480.2m	3.32M	+795.6% Added
SHOPShopify Inc.	0.23%	$478.9m	4.09M	−7.6% Reduced
AMATApplied Materials	0.23%	$474.5m	1.39M	+67.3% Added
CMECME Group	0.22%	$456.7m	1.55M	−24.5% Reduced
ECLEcolab	0.22%	$452.5m	1.70M	+6.9% Added
SNOWSnowflake Inc.	0.22%	$452.0m	3.00M	+22.2% Added
DTEDTE Energy	0.21%	$451.0m	3.08M	+1.3% Added
UNPUnion Pacific Corporation	0.21%	$441.8m	1.82M	+9.8% Added
ZTSZoetis	0.21%	$437.6m	3.70M	−4.7% Reduced
AJGArthur J. Gallagher & Co.	0.20%	$426.9m	1.97M	+5.4% Added
RBARB Global Inc.	0.20%	$418.9m	4.37M	+7.0% Added
STESteris	0.20%	$412.0m	1.86M	+25.7% Added
COFCapital One	0.20%	$408.8m	2.24M	+6.1% Added
BRBroadridge Financial Solutions	0.19%	$403.6m	2.48M	−5.7% Reduced
TFIITFI International Inc.	0.19%	$402.2m	3.70M	−2.1% Reduced
LITELumentum	0.19%	$398.6m	567.2K	+163.2% Added
AMGNAmgen	0.19%	$389.5m	1.11M	−52.3% Reduced
NKENike, Inc.	0.19%	$388.6m	7.36M	−6.7% Reduced
COSTCostco	0.18%	$387.4m	388.8K	+0.7% Added
STXSeagate Technology	0.18%	$379.0m	967.5K	+3872.1% Added
CBOECboe Global Markets	0.18%	$373.5m	1.33M	−1.0% Reduced
STSensata Technologies Holding plc	0.17%	$366.4m	10.40M	+1.1% Added
ADIAnalog Devices	0.17%	$366.2m	1.15M	+2.1% Added
LNTHLantheus Holdings, Inc.	0.17%	$362.2m	4.77M	−16.3% Reduced
DUKDuke Energy	0.17%	$358.2m	2.74M	+5254.4% Added
KEYSKeysight Technologies	0.17%	$355.6m	1.26M	+42.5% Added
LAMRLamar Advertising Co	0.17%	$350.2m	2.77M	−21.9% Reduced
MRKMerck & Co.	0.17%	$346.5m	2.88M	+52.8% Added
OKEOneok	0.17%	$346.2m	3.83M	+5.8% Added
ICUIICU Medical Inc	0.17%	$345.6m	2.68M	+3.9% Added
TVTXTravere Therapeutics, Inc.	0.16%	$339.2m	11.42M	+8.6% Added
NBISNebius Group N.V.	0.16%	$334.3m	3.22M	+14.9% Added
RYAAYRyanair Holdings PLC	0.16%	$332.5m	5.75M	+3.3% Added
TMOThermo Fisher Scientific	0.15%	$324.6m	660.3K	−39.8% Reduced
TSLATesla, Inc.	0.15%	$321.0m	863.4K	−1.4% Reduced
CSGPCoStar Group	0.15%	$311.6m	7.72M	+3.4% Added
SAROStandardaero, Inc.	0.15%	$311.0m	12.04M	+7.3% Added
PTGXProtagonist Therapeutics, Inc	0.15%	$304.9m	2.89M	+9.1% Added
TXNTexas Instruments	0.14%	$299.1m	1.54M	−36.7% Reduced
AEPAmerican Electric Power	0.14%	$290.9m	2.22M	+8776.8% Added
WWayfair Inc.	0.14%	$290.8m	3.87M	+8.3% Added
EMREmerson Electric	0.14%	$289.3m	2.21M	+95.7% Added
BURLBurlington Stores, Inc.	0.14%	$286.3m	880.0K	+1.0% Added
PGProcter & Gamble	0.14%	$284.5m	1.97M	−2.6% Reduced
ORLYO'Reilly Automotive	0.14%	$282.7m	3.06M	+38.4% Added
GILDGilead Sciences	0.13%	$274.9m	1.97M	+5.9% Added

Company	Bought (value)	Shares
AZNAstrazeneca PLC	$2.3bn	11.95M
GEVGE Vernova	$1.3bn	1.49M
METAMeta Platforms	$445.4m	781.8K
PLTRPalantir Technologies Inc.	$426.6m	2.95M
STXSeagate Technology	$369.4m	943.2K
DUKDuke Energy	$351.5m	2.68M
FCXFreeport-McMoRan	$340.0m	5.78M
VVisa Inc.	$337.4m	1.12M
DASHDoorDash	$332.5m	2.23M
COPConocoPhillips	$329.5m	2.50M
AEPAmerican Electric Power	$287.6m	2.19M
LMTLockheed Martin	$265.2m	438.7K
GKOSGlaukos Corp	$250.8m	2.33M
LITELumentum	$247.1m	351.7K
BSXBoston Scientific	$245.2m	3.91M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
MSFTMicrosoft Corporation	−$1.1bn	−2.92M
APPApplovin Corp	−$564.8m	−1.43M
SCHWCharles Schwab Corporation	−$450.0m	−4.79M
WDAYWorkday, Inc.	−$434.5m	−3.34M
BXBlackstone Inc.	−$431.5m	−3.79M
AMGNAmgen	−$427.7m	−1.22M
SSNCSS&C Technologies Holdings Inc	−$377.9m	−5.59M
ORCLOracle Corporation	−$363.1m	−2.49M
MNSTMonster Beverage	−$352.2m	−4.86M
DELLDell Technologies	−$348.8m	−2.13M
AMZNAmazon	−$346.6m	−1.67M
MAMastercard	−$344.4m	−692.3K
MCOMoody's Corporation	−$277.1m	−635.0K
AVGOBroadcom	−$265.9m	−863.1K
RVMDRevolution Medicines, Inc.	−$246.7m	−2.54M

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
TCOMTrip.com Group Ltd	$114.5m	1.59M
BABAAlibaba Group Holding Ltd	$81.8m	557.7K
UPBUpstream Bio, Inc.	$41.4m	1.53M
CRCLCircle Internet Group, Inc.	$16.9m	213.3K
WLTHWealthfront Corp	$13.8m	1.01M
PEPGPepgen Inc.	$9.8m	1.50M
FLNGFlex LNG Ltd.	$6.7m	268.5K
GLOBGlobant S.a.	$6.5m	99.3K
VZLAVizsla Silver Corp.	$5.4m	979.1K
VTEXVtex	$2.6m	685.1K
SITCSite Centers Corp.	$2.5m	392.6K
AQSTAquestive Therapeutics, Inc.	$1.5m	226.7K
AKBAAkebia Therapeutics, Inc.	$1.1m	704.0K
NUTXNutex Health Inc.	$1.1m	6.7K
MNDYMonday.com Ltd.	$994,736	6.7K
NRIMNorthrim Bancorp Inc	$884,703	33.2K
ULUnilever PLC	$745,037	11.4K
VSTMVerastem, Inc.	$685,930	88.9K
TBCHTurtle Beach Corp	$404,527	28.8K
SKINSkinhealth Systems Inc.	$354,930	255.3K
ZBIOZenas Biopharma, Inc.	$286,573	7.9K
OKLOOklo Inc.	$258,463	3.6K
CABOCable One, Inc.	$253,337	2.2K
TREELendingtree, Inc.	$244,053	4.6K
KLARKlarna Group plc	$231,462	8.0K
INNSummit Hotel Properties, Inc.	$226,519	46.6K
SABRSabre Corp	$221,092	162.0K
CEVACeva Inc	$214,704	10.0K
BJRIBjs Restaurants Inc	$211,195	5.4K
ASIXAdvansix Inc.	$210,014	12.1K

Technology34.1%
Health Care21.2%
Industrials12.8%
Consumer Discretionary9.3%
Financials9.1%
Communication Services5.1%
Utilities1.9%
Consumer Staples1.7%
Energy1.7%
Materials1.7%
Real Estate1.5%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 16, 2013 to November 2, 2026	+14.4%	+14.1%	0.75	0.78	−33.3%	1.05
2018 onwardsJanuary 5, 2018 to November 2, 2026	+13.0%	+13.9%	0.59	0.66	−33.3%	1.05
Last three yearsNovember 3, 2023 to November 2, 2026	+19.4%	+21.8%	0.95	1.16	−18.7%	1.06
Last yearNovember 7, 2025 to November 2, 2026	+10.0%	+14.2%	0.48	0.84	−11.9%	1.04

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.