JANUS HENDERSON GROUP PLC
Long book
$209.44B
Q1 2026
Positions
2407
Top-10 weight
30%
concentration
Last quarter
+16.6%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsJANUS HENDERSON GROUP PLC is a mechanically diversified allocator, running a $209.44B US long book across 2407 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: NVIDIA CORP, MICROSOFT CORP, APPLE INC, ALPHABET INC-CL C, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.4%
Q2 2024
+5.6%
Q3 2024
+1.1%
Q4 2024
-5.9%
Q1 2025
+13.6%
Q2 2025
+7.4%
Q3 2025
+2.6%
Q4 2025
-6.3%
Q1 2026
+16.6%
Sector allocation
Technology 37%
Healthcare 18%
Industrials 10%
Consumer discretionary 8%
Financials 7%
Services media 7%
Other 3%
Utilities 2%
Long book by quarter
What does JANUS HENDERSON own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 83.0M | $14.42B | 6.9% | +0.2% |
| MSFT MICROSOFT CORP | Technology | 23.9M | $8.81B | 4.2% | -10.9% |
| AAPL APPLE INC | Technology | 26.9M | $6.80B | 3.2% | -1.6% |
| GOOG ALPHABET INC-CL C | Technology | 23.8M | $6.80B | 3.2% | -3.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 32.3M | $6.69B | 3.2% | -4.9% |
| AVGO BROADCOM INC | Technology | 19.4M | $5.96B | 2.8% | -4.3% |
| LLY ELI LILLY & CO | Healthcare | 4.3M | $3.98B | 1.9% | -2.1% |
| META META PLATFORMS INC-CLASS A | Technology | 6.9M | $3.94B | 1.9% | +12.7% |
| AZN ASTRAZENECA PLC | Healthcare | 11.9M | $2.32B | 1.1% | New |
| MA MASTERCARD INC - A | Services media | 4.6M | $2.27B | 1.1% | -13.2% |
| LRCX LAM RESEARCH CORP | Industrials | 9.3M | $1.98B | 0.9% | +2.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 7.9M | $1.92B | 0.9% | +1.9% |
| KLAC KLA CORP | Other | 1.2M | $1.83B | 0.9% | -8.3% |
| ETN EATON CORP PLC | Industrials | 5.1M | $1.81B | 0.9% | +0.9% |
| HWM HOWMET AEROSPACE INC | Industrials | 7.8M | $1.77B | 0.8% | -2.4% |
| ORCL ORACLE CORP | Technology | 12.0M | $1.75B | 0.8% | -17.1% |
| ABBV ABBVIE INC | Healthcare | 6.9M | $1.51B | 0.7% | +8.3% |
| NFLX NETFLIX INC | Services media | 14.9M | $1.43B | 0.7% | +12.2% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 6.1M | $1.42B | 0.7% | +2.1% |
| V VISA INC-CLASS A SHARES | Services media | 4.5M | $1.36B | 0.6% | +33.1% |
| FLEX FLEX LTD | Technology | 20.6M | $1.35B | 0.6% | -7.7% |
| GEV GE VERNOVA INC | Industrials | 1.5M | $1.32B | 0.6% | +4358.6% |
| MU MICRON TECHNOLOGY INC | Technology | 3.9M | $1.31B | 0.6% | +19.5% |
| JPM JPMORGAN CHASE & CO | Financials | 4.2M | $1.23B | 0.6% | -0.4% |
| DHR DANAHER CORP | Technology | 6.5M | $1.22B | 0.6% | -4.8% |
| APH AMPHENOL CORP-CL A | Technology | 9.5M | $1.20B | 0.6% | -4.5% |
| DASH DOORDASH INC - A | Services media | 7.8M | $1.16B | 0.6% | +40.2% |
| BKNG BOOKING HOLDINGS INC | Industrials | 270.0K | $1.14B | 0.5% | -15.3% |
| PRAX PRAXIS PRECISION MEDICINES I | Healthcare | 3.5M | $1.11B | 0.5% | +6.8% |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 3.7M | $1.10B | 0.5% | +8.6% |
| MELI MERCADOLIBRE INC | Services media | 614.2K | $1.06B | 0.5% | +1.7% |
| TTE TOTALENERGIES SE | Energy | 11.3M | $1.06B | 0.5% | +25.2% |
| MDGL MADRIGAL PHARMACEUTICALS INC | Healthcare | 2.0M | $1.05B | 0.5% | +27.4% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 16.5M | $1.04B | 0.5% | +31.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.7M | $991.4M | 0.5% | +2.5% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 6.3M | $987.7M | 0.5% | -3.6% |
| BBIO BRIDGEBIO PHARMA INC | Healthcare | 13.2M | $978.6M | 0.5% | +19.8% |
| PCVX VAXCYTE INC | Healthcare | 16.6M | $960.2M | 0.5% | +23.8% |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 2.1M | $951.8M | 0.5% | -4.1% |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 9.8M | $949.5M | 0.5% | -20.6% |
| APG API GROUP CORP | Services media | 23.4M | $946.8M | 0.5% | +1.1% |
| PGR PROGRESSIVE CORP | Financials | 4.7M | $938.0M | 0.4% | -13.1% |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 1.5M | $935.1M | 0.4% | -8.7% |
| GE GENERAL ELECTRIC | Industrials | 3.3M | $926.1M | 0.4% | -8.3% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 10.9M | $925.3M | 0.4% | +2.9% |
| DDOG DATADOG INC - CLASS A | Technology | 7.7M | $905.6M | 0.4% | +22.8% |
| GOOGL ALPHABET INC-CL A | Technology | 3.1M | $885.4M | 0.4% | +20.9% |
| CVX CHEVRON CORP | Energy | 4.2M | $865.2M | 0.4% | -14.3% |
| ON ON SEMICONDUCTOR | Technology | 13.7M | $848.4M | 0.4% | +10.9% |
| INTU INTUIT INC | Technology | 2.0M | $848.0M | 0.4% | -2.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 18, 2026 | 4333 | $209.44B | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 15, 2026 | 4232 | $201.68B | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 4350 | $223.31B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 4336 | $219.04B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 4322 | $204.02B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 4554 | $182.44B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 4612 | $196.74B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 4587 | $195.38B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 3910 | $186.74B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 6260 | $183.33B | canonical | SEC ↗ |
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