Janus Henderson Group PLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Janus Henderson Group PLC reported 2,388 stock positions worth $219.0 billion. Its top holding was Nvidia (NVDA) at 7.2% of the portfolio, followed by Microsoft (MSFT, 6.9%) and Amazon.com (AMZN, 3.4%). Compared with Q2 2025, it opened 83 new positions, sold out of 87, added to 673 and reduced 645. The biggest buy was Alphabet Class C (GOOG, shares +10%) and the biggest sale Marvell Technology (MRVL, shares −85%).
- Most Recent 13F
- Q1 2026
- Location
- LONDON, X0
- CIK
- 0001274173
- Portfolio Value
- $219.0B (Q3 2025)
- SEC Filing
- 0001085146-25-005993 ↗ filed Nov 14, 2025
Holdings Value
Holdings 2,388 stocks · $219.0B
| NVDA Nvidia Corp. | 7.21% | 84,658,650 | $15.8B | Reduce -0.4% |
| MSFT Microsoft Corp. | 6.86% | 29,005,297 | $15.0B | Reduce -1.4% |
| AMZN Amazon.com Inc. | 3.35% | 33,448,392 | $7.3B | Reduce -0.3% |
| AAPL Apple Inc. | 3.29% | 28,339,802 | $7.2B | Add +0.4% |
| AVGO Broadcom Inc. | 3.15% | 20,911,142 | $6.9B | Reduce -4.0% |
| GOOG Alphabet Inc. Class C | 2.68% | 24,086,904 | $5.9B | Add +10.1% |
| META Meta Platforms Inc. Class A | 2.65% | 7,912,895 | $5.8B | Reduce -2.9% |
| ORCL Oracle Corp. | 1.72% | 13,390,668 | $3.8B | Add +2.4% |
| MA Mastercard Inc. Class A | 1.63% | 6,258,026 | $3.6B | Add +0.4% |
| LLY Eli Lilly & Co. | 1.58% | 4,527,874 | $3.5B | Add +3.3% |
| APP AppLovin Corp. Class A | 1.16% | 3,546,576 | $2.5B | Add +29.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.98% | 7,697,104 | $2.1B | Add +3.3% |
| ARGX Argenx SE - ADR | 0.87% | 2,575,251 | $1.9B | Add +0.4% |
| BKNG Booking Holdings Inc. | 0.85% | 346,037 | $1.9B | Reduce -1.2% |
| HWM Howmet Aerospace Inc. | 0.75% | 8,383,617 | $1.6B | Reduce -12.4% |
| ETN Eaton Corp. PLC | 0.74% | 4,349,782 | $1.6B | Add +16.7% |
| KLAC KLA Corp. | 0.74% | 1,495,197 | $1.6B | Reduce -3.8% |
| NFLX Netflix Inc. | 0.71% | 1,296,229 | $1.6B | Reduce -0.5% |
| FLEX Flex Ltd. | 0.70% | 26,309,846 | $1.5B | Reduce -0.7% |
| SSNC Ss&c Technologies Holdings | 0.67% | 16,536,690 | $1.5B | Add +0.3% |
| BX Blackstone Inc. | 0.64% | 8,232,864 | $1.4B | Add +27.8% |
| DASH DoorDash Inc. Class A | 0.63% | 5,109,568 | $1.4B | Reduce -4.0% |
| JPM JPMorgan Chase & Co. | 0.63% | 4,363,703 | $1.4B | Reduce -1.0% |
| DHR Danaher Corp. | 0.63% | 6,912,916 | $1.4B | Add +5.9% |
| JNJ Johnson & Johnson | 0.59% | 6,999,480 | $1.3B | Add +27.4% |
| UNH Unitedhealth Group Inc. | 0.58% | 3,670,826 | $1.3B | Reduce -25.1% |
| APH Amphenol Corp. Class A | 0.57% | 10,120,199 | $1.3B | Reduce -0.8% |
| FERG Ferguson Enterprises Inc. | 0.57% | 5,547,141 | $1.2B | Reduce -8.0% |
| PGR Progressive Corp. | 0.57% | 5,044,027 | $1.2B | Add +21.3% |
| V Visa Inc. Class A | 0.56% | 3,618,424 | $1.2B | Add +3.4% |
| INTU Intuit Inc. | 0.55% | 1,762,338 | $1.2B | Add +7.6% |
| BSX Boston Scientific Corp. | 0.53% | 11,971,870 | $1.2B | Reduce -1.5% |
| MNST Monster Beverage Corp. | 0.53% | 17,188,098 | $1.2B | Reduce -1.4% |
| LRCX Lam Research Corp. | 0.53% | 8,613,330 | $1.2B | Add +16.1% |
| DDOG Datadog Inc. Class A | 0.53% | 8,078,980 | $1.2B | Reduce -3.4% |
| GE General Electric filed as GE AEROSPACE | 0.52% | 3,802,490 | $1.1B | Reduce -7.2% |
| ABBV Abbvie Inc. | 0.52% | 4,933,689 | $1.1B | Add +30.4% |
| FWONK Liberty Media Corp. Class C | 0.51% | 10,738,564 | $1.1B | Reduce -20.7% |
| MELI MercadoLibre Inc. | 0.51% | 477,802 | $1.1B | Add +1.6% |
| AXP American Express Co. | 0.49% | 3,218,713 | $1.1B | Reduce -5.6% |
| ICE Intercontinental Exchange Inc. | 0.47% | 6,140,006 | $1.0B | Add +24.1% |
| LPLA LPL Financial Holdings Inc. | 0.47% | 3,097,351 | $1.0B | Add +0.6% |
| CDNS Cadence Design SYS Inc. | 0.46% | 2,856,308 | $1.0B | Add +1.4% |
| TDY Teledyne Technologies Inc. | 0.45% | 1,683,457 | $986.6M | Reduce -1.5% |
| SPOT Spotify Technology SA | 0.44% | 1,394,143 | $973.5M | Add +8.3% |
| ABT Abbott Laboratories | 0.40% | 6,498,597 | $870.4M | Add +24.4% |
| ASND Ascendis Pharma A/S | 0.39% | 4,323,059 | $859.4M | Reduce -2.4% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.39% | 1,842,690 | $845.3M | Reduce -15.9% |
| HD Home Depot Inc. | 0.39% | 2,082,041 | $843.6M | Reduce -0.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.38% | 2,119,107 | $829.9M | Reduce -19.1% |
| NOW ServiceNow Inc. | 0.37% | 886,858 | $816.1M | Add +5.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.37% | 5,536,002 | $800.2M | Reduce -4.7% |
| APG Api Group Corp. | 0.35% | 22,228,439 | $764.0M | Add +17.3% |
| MS Morgan Stanley | 0.35% | 4,789,326 | $761.3M | Reduce -12.4% |
| ON On Semiconductor | 0.34% | 15,202,747 | $749.6M | Reduce -3.1% |
| SHOP Shopify Inc. Class A | 0.34% | 5,041,453 | $749.2M | Add +2.5% |
| TT Trane Technologies PLC | 0.34% | 1,769,245 | $746.6M | Add +3.0% |
| AMGN Amgen Inc. | 0.34% | 2,644,582 | $746.3M | Reduce -8.3% |
| BR Broadridge Financial Solutio | 0.34% | 3,118,052 | $742.6M | Add +0.4% |
| LNT Alliant Energy Corp. | 0.34% | 10,911,145 | $735.5M | Add +1.3% |
| ISRG Intuitive Surgical Inc. | 0.34% | 1,644,612 | $735.5M | Add +19.8% |
| CTVA Corteva Inc. | 0.33% | 10,740,855 | $726.4M | Add +1.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 6,214,556 | $711.5M | Reduce -0.0% |
| PTC PTC Inc. | 0.32% | 3,486,284 | $707.8M | Add +27.1% |
| ARMK Aramark | 0.32% | 18,067,702 | $693.8M | Add +0.6% |
| PNC PNC Financial Services Group | 0.31% | 3,411,137 | $685.4M | Add +88.0% |
| RVTY Revvity Inc. | 0.31% | 7,627,259 | $668.5M | Add +5.6% |
| ADSK Autodesk Inc. | 0.30% | 2,063,818 | $655.6M | Add +0.3% |
| DAY Dayforce Inc. | 0.30% | 9,397,885 | $647.4M | Add +12.1% |
| RNAM Avidity Biosciences Inc. | 0.29% | 14,522,915 | $632.8M | Add +34.8% |
| NXPI NXP Semiconductors NV | 0.29% | 2,774,811 | $631.9M | Add +2.4% |
| RCL Royal Caribbean Cruises Ltd. | 0.29% | 1,951,024 | $631.3M | Add +27.9% |
| DKNG Draftkings Inc. Class A | 0.29% | 16,788,986 | $627.9M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.28% | 2,506,229 | $609.2M | Reduce -8.2% |
| WEX Wex Inc. | 0.28% | 3,865,082 | $608.9M | Reduce -0.1% |
| GIL Gildan Activewear Inc. | 0.28% | 10,496,878 | $606.7M | Add +5.8% |
| CVX Chevron Corp. | 0.28% | 3,886,502 | $603.5M | Reduce -3.9% |
| SYK Stryker Corp. | 0.28% | 1,630,725 | $602.8M | Add +12.3% |
| TMO Thermo Fisher Scientific Inc. | 0.27% | 1,237,862 | $600.4M | Add +2.5% |
| GS Goldman Sachs Group Inc. | 0.27% | 753,363 | $599.9M | Reduce -3.3% |
| WDAY Workday Inc. Class A | 0.27% | 2,492,084 | $599.9M | Add +1343.1% |
| MMM 3M Co. | 0.27% | 3,823,655 | $593.3M | Add +11.3% |
| JEMB JH Em Debt Hard Currency ETF | 0.27% | 11,106,619 | $590.9M | Add +5.3% |
| TEL Te Connectivity PLC | 0.27% | 2,674,979 | $587.1M | Add +3.6% |
| BA The Boeing Co. | 0.26% | 2,687,782 | $580.1M | Add +22.7% |
| UBER Uber Technologies Inc. | 0.26% | 5,832,031 | $571.3M | Add +24.6% |
| MCK McKesson Corp. | 0.26% | 734,688 | $567.6M | Reduce -0.9% |
| VST Vistra Corp. | 0.26% | 2,892,945 | $566.8M | Reduce -10.6% |
| SCHW Schwab (charles) Corp. | 0.25% | 5,822,549 | $555.9M | Reduce -8.5% |
| DE Deere & Co. | 0.25% | 1,214,764 | $555.4M | Add +4.2% |
| HUBS HubSpot Inc. | 0.24% | 1,147,064 | $536.6M | Add +17.9% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.24% | 6,939,946 | $531.7M | Reduce -14.6% |
| RVMD Revolution Medicines Inc. | 0.24% | 11,356,054 | $530.3M | Add +7.2% |
| HCA HCA Healthcare Inc. | 0.24% | 1,242,882 | $529.7M | Reduce -1.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.24% | 2,026,880 | $525.9M | Reduce -1.8% |
| CSGP Costar Group Inc. | 0.24% | 6,216,807 | $524.5M | Add +54.0% |
| LAMR Lamar Advertising Co. Class A | 0.24% | 4,278,648 | $523.8M | Add +0.2% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.24% | 3,856,684 | $517.5M | Add +11.5% |
| TFX Teleflex Inc. | 0.23% | 4,161,358 | $509.2M | Add +0.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.23% | 1,630,287 | $505.1M | Add +5.3% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $30.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| SHIFT4 PAYMENTS INC (FOUR 6 05/01/28) | 6 SER A CNV PREF | 107,500 | $10.3M | No change |
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 130,000 | $6.1M | No change |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 101,190 | $3.9M | No change |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 44,020 | $3.1M | No change |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 53,300 | $2.8M | No change |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | 10,000 | $2.7M | New |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | 26,450 | $1.5M | Reduce -86.0% |
| GRABW Grab Holdings Ltd.-CW 26 | *W EXP 99/99/999 | 403,754 | $199K | No change |
Total filed on the 13F, all lines: $219.0B.
Portfolio Sells Q2 2025 → Q3 2025
| MRVL Marvell Technology Inc. | Reduce -85.0% | 0.08% | −0.46 |
| CMG Chipotle Mexican Grill Inc. | Reduce -57.6% | 0.14% | −0.37 |
| MSFT Microsoft Corp. | Reduce -1.4% | 6.86% | −0.32 |
| META Meta Platforms Inc. Class A | Reduce -2.9% | 2.65% | −0.29 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 3.35% | −0.26 |
| GDDY GoDaddy Inc. Class A | Reduce -66.2% | 0.08% | −0.24 |
| VRNA Verona Pharma Ltd. | Reduce -83.5% | 0.05% | −0.24 |
| AMT American Tower Corp. | Reduce -87.6% | 0.02% | −0.20 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -19.1% | 0.38% | −0.19 |
| FWONK Liberty Media Corp. Class C | Reduce -20.7% | 0.51% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -25.1% | 0.58% | −0.17 |
| FTV Fortive Corp. | Reduce -99.3% | 0.00% | −0.17 |
| DOX Amdocs Ltd. | Reduce -57.1% | 0.09% | −0.17 |
| SNPS Synopsys Inc. | Reduce -63.4% | 0.08% | −0.16 |
| NFLX Netflix Inc. | Reduce -0.5% | 0.71% | −0.15 |
| LVS Las Vegas Sands Corp. | Reduce -99.4% | 0.00% | −0.14 |
| BKNG Booking Holdings Inc. | Reduce -1.2% | 0.85% | −0.14 |
| COP Conocophillips | Reduce -80.0% | 0.03% | −0.13 |
| HWM Howmet Aerospace Inc. | Reduce -12.4% | 0.75% | −0.12 |
| LNTH Lantheus Holdings Inc. | Reduce -3.7% | 0.16% | −0.12 |
| ACN Accenture PLC Class A | Reduce -31.4% | 0.12% | −0.11 |
| BSX Boston Scientific Corp. | Reduce -1.5% | 0.53% | −0.11 |
| DT Dynatrace Inc. | Reduce -30.5% | 0.13% | −0.10 |
| PLD Prologis Inc. | Reduce -50.0% | 0.09% | −0.09 |
| EQIX Equinix Inc. | Reduce -58.2% | 0.05% | −0.09 |
| PCOR Procore Technologies Inc. | Reduce -72.9% | 0.03% | −0.08 |
| FERG Ferguson Enterprises Inc. | Reduce -8.0% | 0.57% | −0.08 |
| ALC Alcon Inc. | Reduce -73.1% | 0.02% | −0.07 |
| CRM Salesforce Inc. | Reduce -80.6% | 0.01% | −0.07 |
| CSCO Cisco Systems Inc. | Reduce -75.0% | 0.02% | −0.07 |
| ADBE Adobe Inc. | Reduce -36.8% | 0.08% | −0.07 |
| ADP Automatic Data Processing | Reduce -27.6% | 0.12% | −0.07 |
| STZ Constellation Brands Inc. Class A | Reduce -52.2% | 0.04% | −0.07 |
| ETNB 89BIO Inc. | Reduce -74.1% | 0.04% | −0.06 |
| AVTR Avantor Inc. | Reduce -97.0% | 0.00% | −0.06 |
| ON On Semiconductor | Reduce -3.1% | 0.34% | −0.06 |
| AMAT Applied Materials Inc. | Reduce -85.5% | 0.01% | −0.06 |
| AMGN Amgen Inc. | Reduce -8.3% | 0.34% | −0.05 |
| DIS The Walt Disney Co. | Reduce -0.0% | 0.32% | −0.05 |
| FCX Freeport-McMoran Inc. | Reduce -23.0% | 0.09% | −0.05 |
| WRB WR Berkley Corp. | Reduce -14.6% | 0.24% | −0.05 |
| VST Vistra Corp. | Reduce -10.6% | 0.26% | −0.05 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.05 |
| CYBR Cyberark Software Ltd./Israel | Reduce -83.9% | 0.01% | −0.05 |
| AXP American Express Co. | Reduce -5.6% | 0.49% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -8.8% | 0.16% | −0.04 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -48.7% | 0.05% | −0.04 |
| WAB Wabtec Corp. | Reduce -46.2% | 0.04% | −0.04 |
| AKRO Akero Therapeutics Inc. | Reduce -6.8% | 0.14% | −0.04 |
| GMED Globus Medical Inc. Class A | Reduce -8.0% | 0.20% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOG Alphabet Inc. Class C | Add +10.1% | 2.68% | +0.78 |
| APP AppLovin Corp. Class A | Add +29.7% | 1.16% | +0.69 |
| AAPL Apple Inc. | Add +0.4% | 3.29% | +0.46 |
| ORCL Oracle Corp. | Add +2.4% | 1.72% | +0.32 |
| WDAY Workday Inc. Class A | Add +1343.1% | 0.27% | +0.25 |
| JNJ Johnson & Johnson | Add +27.4% | 0.59% | +0.18 |
| ABBV Abbvie Inc. | Add +30.4% | 0.52% | +0.18 |
| ARGX Argenx SE - ADR | Add +0.4% | 0.87% | +0.17 |
| LRCX Lam Research Corp. | Add +16.1% | 0.53% | +0.17 |
| BX Blackstone Inc. | Add +27.8% | 0.64% | +0.17 |
| TSM Taiwan Semiconductor-SP ADR | Add +3.3% | 0.98% | +0.15 |
| PNC PNC Financial Services Group | Add +88.0% | 0.31% | +0.15 |
| RNAM Avidity Biosciences Inc. | Add +34.8% | 0.29% | +0.14 |
| LEN Lennar Corp. Class A | Add +4399.0% | 0.11% | +0.11 |
| SNOW Snowflake Inc. | Add +92.7% | 0.21% | +0.09 |
| PTC PTC Inc. | Add +27.1% | 0.32% | +0.09 |
| ETN Eaton Corp. PLC | Add +16.7% | 0.74% | +0.09 |
| TXN Texas Instruments Inc. | Add +148.1% | 0.18% | +0.09 |
| PM Philip Morris International | Add +113.0% | 0.21% | +0.09 |
| ANET Arista Networks Inc. | Add +95.4% | 0.13% | +0.08 |
| MTSR Metsera Inc. | Add +58.0% | 0.13% | +0.08 |
| CSGP Costar Group Inc. | Add +54.0% | 0.24% | +0.08 |
| NBIS Nebius Group NV | New | 0.07% | +0.07 |
| DAY Dayforce Inc. | Add +12.1% | 0.30% | +0.07 |
| DSGX The Descartes Systems Grp | Add +257.4% | 0.10% | +0.07 |
| SHOP Shopify Inc. Class A | Add +2.5% | 0.34% | +0.06 |
| MRK Merck & Co. Inc. | Add +290.2% | 0.08% | +0.06 |
| JABS Janus Hdrsn Ass BKD Sec ETF | New | 0.06% | +0.06 |
| CRH CRH PLC | Add +154.3% | 0.09% | +0.06 |
| CME Cme Group Inc. | Add +45.3% | 0.22% | +0.06 |
| TEL Te Connectivity PLC | Add +3.6% | 0.27% | +0.05 |
| RCL Royal Caribbean Cruises Ltd. | Add +27.9% | 0.29% | +0.05 |
| RVMD Revolution Medicines Inc. | Add +7.2% | 0.24% | +0.05 |
| TSLA Tesla Inc. | Add +5.6% | 0.18% | +0.05 |
| ABT Abbott Laboratories | Add +24.4% | 0.40% | +0.05 |
| NXST Nexstar Media Group Inc. | Add +884.3% | 0.05% | +0.05 |
| PBA Pembina Pipeline Corp. | Add +6258.9% | 0.05% | +0.05 |
| UTHR United Therapeutics Corp. | Add +61.5% | 0.09% | +0.05 |
| UBER Uber Technologies Inc. | Add +24.6% | 0.26% | +0.05 |
| TVTX Travere Therapeutics Inc. | Add +11.1% | 0.12% | +0.05 |
| HUBB Hubbell Inc. | Add +3304.7% | 0.05% | +0.05 |
| SW Smurfit Westrock PLC | Add +306.5% | 0.06% | +0.04 |
| DYN Dyne Therapeutics Inc. | Add +56.2% | 0.09% | +0.04 |
| BA The Boeing Co. | Add +22.7% | 0.26% | +0.04 |
| AEP American Electric Power | Add +1546.1% | 0.04% | +0.04 |
| GIL Gildan Activewear Inc. | Add +5.8% | 0.28% | +0.04 |
| ZS Zscaler Inc. | Add +2923.7% | 0.04% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | Add +2.5% | 0.27% | +0.03 |
| APG Api Group Corp. | Add +17.3% | 0.35% | +0.03 |
| CDNS Cadence Design SYS Inc. | Add +1.4% | 0.46% | +0.03 |
Notes & Other Activity Q2 2025 → Q3 2025
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Sold out | 139,900 | $4.5Mbefore exit |
| BRUKER CORP (BRKR 6.375 09/01/28) | 6.375 PREF SER A | New | 10,000 | $2.7M |
| QXO INC (QXO 5.5 05/15/28 B) | 5.50 DEP PFD | Reduce -86.0% | 26,450 | $1.5M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026Amended | 2,395 | $209.3B | NVDA, MSFT, AAPL, GOOG, AMZN |
| Q4 2025 | 2,394 | $223.3B | NVDA, MSFT, AMZN, GOOG, AAPL |
| Q3 2025 | 2,388 | $219.0B | NVDA, MSFT, AMZN, AAPL, AVGO |
| Q2 2025 | 2,392 | $204.0B | MSFT, NVDA, AMZN, META, AVGO |
| Q1 2025 | 2,470 | $182.4B | MSFT, NVDA, AMZN, AAPL, META |
| Q4 2024 | 2,519 | $196.7B | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q3 2024 | 2,525 | $195.4B | MSFT, NVDA, AAPL, AMZN, META |
| Q2 2024 | 2,516 | $186.7B | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q1 2024 | 2,525 | $183.3B | MSFT, NVDA, AMZN, META, AAPL |