§ 13F · FUND PROFILE
JANUS HENDERSON GROUP PLC.
Active multi-asset management
AUM · $219043.6T (13F)Positions · 4336Turnover · 71% · Q4Filed · Feb 17, 2026
CONCENTRATION
28%
Top 10 holdings
NEW BUYS
+137
+$2230.3T deployed
EXITS
0
No exits
SECTOR SHIFT
TECHNOLOGY → BIOTECHNOLOGY
-3pp · +2pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORPORATION | 71.12M | $13208.9T | 5.9% | +862% |
| 2 | MSFT | MICROSOFT CORP | 22.81M | $10979.2T | 4.9% | — |
| 3 | GOOG | ALPHABET INC | 21.92M | $6854.1T | 3.1% | +837% |
| 4 | AMZN | AMAZON COM INC | 29.63M | $6796.9T | 3.0% | ±0% |
| 5 | AAPL | APPLE INC | 23.34M | $6315.6T | 2.8% | — |
| 6 | AVGO | BROADCOM INC | 17.94M | $6177.7T | 2.8% | +842% |
| 7 | LLY | ELI LILLY & CO | 4.20M | $4496.7T | 2.0% | — |
| 8 | META | META PLATFORMS INC | 5.06M | $3324.6T | 1.5% | — |
| 9 | MA | MASTERCARD INCORPORATED | 4.61M | $2612.6T | 1.2% | −17% |
| 10 | ORCL | ORACLE CORP | 13.19M | $2551.8T | 1.1% | — |
§ 02 · SECTOR ALLOCATION
Where the money is
Other45.2% (+1pp)
Technology16.0% (−3pp)
Semiconductors14.6% (±0)
Media7.6% (±0)
Biotechnology7.5% (+2pp)
Financial Services7.0% (±0)
§ 03 · THE JANUS SIGNAL
AC read
JANUS HENDERSON GROUP PLC is a Quality / Compounder fund managing $219043603.2 trillion in assets. The fund runs a massive portfolio of 4,336 positions, broad diversification across holdings, with the top 10 accounting for 28%. Trading activity is aggressive at 71% quarterly turnover, with 137 new positions and 0 exits last quarter. Top sector allocations: Other (45%), Technology (16%), Semiconductors (15%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q4 2025
Busy quarter
+137 buys · −0 exits · 2949 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed