Vault-13

JANUS DETROIT STR TR JAAA

HENDRSON AAA CL · ETP · CUSIP 47103U845

749 institutional holders +73 vs Q4 2024
287,280,292287.3m shares reported held*
$14.6bnreported value*
129 new 404 added 166 reduced 55 sold out net bought ≈ $2.9bn (+57.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($27.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.65. Options: 1 managers hold calls ($902.6k notional), 3 hold puts ($13.2m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 142Q4 22: 179Q1 23: 205Q2 23: 219Q3 23: 255Q4 23: 307Q1 24: 371Q2 24: 484Q3 24: 558Q4 24: 676Q1 25: 749749Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022142
Q4 2022179
Q1 2023205
Q2 2023219
Q3 2023255
Q4 2023307
Q1 2024371
Q2 2024484
Q3 2024558
Q4 2024676
Q1 2025749

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ2 23: 145 bought or addedQ2 23: 80 cut or sold outQ3 23: 175 bought or addedQ3 23: 78 cut or sold outQ3 23Q4 23: 212 bought or addedQ4 23: 89 cut or sold outQ1 24: 280 bought or addedQ1 24: 96 cut or sold outQ1 24Q2 24: 375 bought or addedQ2 24: 108 cut or sold outQ3 24: 401 bought or addedQ3 24: 159 cut or sold outQ3 24Q4 24: 476 bought or addedQ4 24: 162 cut or sold outQ1 25: 533 bought or addedQ1 25: 221 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202314580
Q3 202317578
Q4 202321289
Q1 202428096
Q2 2024375108
Q3 2024401159
Q4 2024476162
Q1 2025533221

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15mQ2 24 calls: $249.3kQ2 24 puts: $173.0kQ2 24P/C 0.69Q3 24 calls: $340.9kQ3 24 puts: $641.1kQ3 24P/C 1.88Q4 24 calls: $502.0kQ4 24 puts: $40.6kQ4 24P/C 0.08Q1 25 calls: $902.6kQ1 25 puts: $13.2mQ1 25P/C 14.64
Numbers
QuarterCallsPutsP/C
Q2 2024$249.3k$173.0k0.69
Q3 2024$340.9k$641.1k1.88
Q4 2024$502.0k$40.6k0.08
Q1 2025$902.6k$13.2m14.64

Biggest buyers

Allianz Investment Management U.S. LLC Added +7,419,500+7.4m
BANK OF AMERICA CORP /DE/ Added +6,296,047+6.3m
Annex Advisory Services, LLC Added +3,424,169+3.4m
LPL Financial LLC Added +3,293,159+3.3m
MORGAN STANLEY Added +2,850,628+2.9m
Kestra Investment Management, LLC Added +2,497,066+2.5m
SIGNATUREFD, LLC New +2,347,299+2.3m
NorthCoast Asset Management LLC Added +1,549,946+1.5m
WELLS FARGO & COMPANY/MN Added +1,510,523+1.5m
RAYMOND JAMES FINANCIAL INC Added +1,474,583+1.5m

Biggest sellers

ARCH CAPITAL GROUP LTD. Reduced -3,973,680-4.0m
FMR LLC Reduced -1,748,027-1.7m
SONA ASSET MANAGEMENT (US) LLC Sold out -600,000-600.0k
NORDEN GROUP LLC Reduced -469,059-469.1k
Kensington Asset Management, LLC Reduced -419,795-419.8k
Independent Advisor Alliance Sold out -415,321-415.3k
Proficio Capital Partners LLC Sold out -402,917-402.9k
BlackRock, Inc. Reduced -373,015-373.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -370,964-371.0k
Lauer Wealth, LLC Sold out -337,190-337.2k

Biggest calls

CITADEL ADVISORS LLC Added $902.6k17.8k shares

Biggest puts

Quaker Wealth Management, LLC First filing $12.8m251.9k shares
CITADEL ADVISORS LLC Added $441.2k8.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 34,351,17134.4m $1.7bn $1.7bn 0.15% Added +6.3m +6,296,047
2 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 21,460,67521.5m $1.1bn $1.1bn 0.08% Added +2.9m +2,850,628
3 LPL Financial LLC 0.20% of their portfolio FORT MILL, SC 10,234,10110.2m $519.0m $519.0m 0.20% Added +3.3m +3,293,159
4 Allianz Investment Management U.S. LLC 21.46% of their portfolio Minneapolis, MN 7,719,5007.7m $389.0m $389.0m 21.46% Added +7.4m +7,419,500
5 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 7,491,9607.5m $379.9m $379.9m 0.09% Added +1.5m +1,510,523
6 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 7,491,5627.5m $379.9m $379.9m 0.14% Added +1.5m +1,474,583
7 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 6,731,8846.7m $341.4m $341.4m 0.11% Added +948.6k +948,584
8 NorthCoast Asset Management LLC 1.65% of their portfolio STAMFORD, CT 6,490,6366.5m $329.1m $329.1m 1.65% Added +1.5m +1,549,946
9 UBS Group AG 0.07% of their portfolio ZURICH, V8 5,970,5226.0m $302.8m $302.8m 0.07% Added +1.2m +1,197,059
10 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 5,675,4455.7m $287.8m $287.8m 0.06% Added +1.4m +1,370,784
11 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 4,273,2434.3m $216.7m $216.7m 0.29% Added +287.6k +287,562
12 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.41% of their portfolio PLYMOUTH, MN 4,198,1064.2m $212.9m $212.9m 0.41% Reduced -371.0k -370,964
13 Sage Mountain Advisors LLC 15.69% of their portfolio ATLANTA, GA 4,196,7074.2m $212.8m $212.8m 15.69% Added +142.0k +142,018
14 KEYBANK NATIONAL ASSOCIATION/OH 0.83% of their portfolio BROOKLYN, OH 4,069,1734.1m $206.3m $206.3m 0.83% Added +495.4k +495,394
15 ARCH CAPITAL GROUP LTD. 55.74% of their portfolio PEMBROKE, D0 3,941,6653.9m $199.9m $199.9m 55.74% Reduced -4.0m -3,973,680
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 3,488,3903.5m $176.9m $176.9m 0.03% Added +23.1k +23,129
17 Cetera Investment Advisers 0.34% of their portfolio SCHAUMBURG, IL 3,459,1403.5m $175.4m $175.4m 0.34% Added +427.6k +427,639
18 Annex Advisory Services, LLC 4.94% of their portfolio BROOKFIELD, WI 3,437,8513.4m $174.3m $174.3m 4.94% Added +3.4m +3,424,169
19 MIDLAND WEALTH ADVISORS, LLC 10.05% of their portfolio EFFINGHAM, IL 3,365,5313.4m $170.7m $170.7m 10.05% Added +306.3k +306,251
20 Kestra Investment Management, LLC 2.38% of their portfolio AUSTIN, TX 3,187,0243.2m $137.8m $137.8m 2.38% Added +2.5m +2,497,066
21 Advance Capital Management, Inc. 7.15% of their portfolio SOUTHFIELD, MI 2,949,2002.9m $149.6m $149.6m 7.15% Added +977.6k +977,631
22 OSAIC HOLDINGS, INC. 0.30% of their portfolio SCOTTSDALE, AZ 2,680,3722.7m $135.9m $135.9m 0.30% Added +715.3k +715,322
23 RiverFront Investment Group, LLC 2.81% of their portfolio RICHMOND, VA 2,487,8612.5m $126.2m $126.2m 2.81% Added +102.1k +102,086
24 TruWealth Advisors, LLC 7.27% of their portfolio Metairie, LA 2,374,4942.4m $120.4m $120.4m 7.27% Added +137.2k +137,154
25 SIGNATUREFD, LLC 2.26% of their portfolio ATLANTA, GA 2,347,2992.3m $119.0m $119.0m 2.26% New
26 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 2,302,2692.3m $116.7m $116.7m 0.02% Added +383 +383
27 TRUIST FINANCIAL CORP 0.18% of their portfolio CHARLOTTE, NC 2,206,2412.2m $111.9m $111.9m 0.18% Reduced -7.8k -7,805
28 1900 WEALTH MANAGEMENT LLC 8.67% of their portfolio SAN ANTONIO, TX 2,055,7972.1m $104.2m $104.2m 8.67% Added +12.3k +12,324
29 AE Wealth Management LLC 0.83% of their portfolio TOPEKA, KS 1,946,8501.9m $98.7m $98.7m 0.83% Added +328.4k +328,409
30 INSPIRION WEALTH ADVISORS, LLC 13.44% of their portfolio LIBERTYVILLE, IL 1,907,8671.9m $96.7m $96.7m 13.44% Added +66.5k +66,503
31 Modern Wealth Management, LLC 3.08% of their portfolio KANSAS CITY, MO 1,898,7741.9m $96.3m $96.3m 3.08% Added +627.9k +627,879
32 Mariner, LLC 0.16% of their portfolio Overland Park, KS 1,890,3201.9m $95.9m $95.9m 0.16% Added +31.9k +31,912
33 RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio NEW YORK, NY 1,775,9001.8m $90.1m $90.1m 0.14% Reduced -28.1k -28,100
34 Kestra Advisory Services, LLC 0.43% of their portfolio AUSTIN, TX 1,755,4251.8m $89.0m $89.0m 0.43% Added +491.3k +491,259
35 Cambridge Investment Research Advisors, Inc. 0.28% of their portfolio FAIRFIELD, IA 1,648,4711.6m $83.6m $83.6m 0.28% Added +168.1k +168,101
36 Brookstone Capital Management 1.20% of their portfolio WHEATON, IL 1,647,9971.6m $83.6m $83.6m 1.20% Reduced -54.7k -54,694
37 SIMON QUICK ADVISORS, LLC 4.50% of their portfolio MORRISTOWN, NJ 1,560,7811.6m $79.1m $79.1m 4.50% Added +477.2k +477,250
38 Hilton Capital Management, LLC 6.44% of their portfolio Garden City, NY 1,494,3321.5m $75.8m $75.8m 6.44% Added +28.4k +28,361
39 Janney Montgomery Scott LLC 0.20% of their portfolio PHILADELPHIA, PA 1,362,8231.4m $69.1m $69.1m 0.20% Added +102.0k +102,017
40 ADVISORS MANAGEMENT GROUP INC /ADV 14.52% of their portfolio LA CROSSE, WI 1,315,9011.3m $66.7m $66.7m 14.52% New
41 COMMERCE BANK 0.40% of their portfolio KANSAS CITY, MO 1,248,5361.2m $63.3m $63.3m 0.40% Added +1.2m +1,170,520
42 Marcum Wealth, LLC 5.40% of their portfolio CLEVELAND, OH 1,232,8581.2m $62.5m $62.5m 5.40% New
43 Obermeyer Wealth Partners 3.32% of their portfolio ASPEN, CO 1,227,5931.2m $62.3m $62.3m 3.32% Added +284.6k +284,590
44 RFG Advisory, LLC 1.59% of their portfolio BIRMINGHAM, AL 1,163,1091.2m $59.0m $59.0m 1.59% Added +12.5k +12,458
45 CX Institutional 2.20% of their portfolio AUBURN, IN 1,150,4081.2m $58.3m $58.3m 2.20% Added +66.7k +66,706
46 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 1,145,0611.1m $58.1m $58.1m 0.08% Added +589.1k +589,096
47 Gradient Investments LLC 1.08% of their portfolio ARDEN HILLS, MN 1,052,6541.1m $53.4m $53.4m 1.08% Reduced -33.3k -33,257
48 Kensington Asset Management, LLC 5.60% of their portfolio AUSTIN, TX 1,050,0871.1m $53.2m $53.2m 5.60% Reduced -419.8k -419,795
49 Private Advisor Group, LLC 0.30% of their portfolio MORRISTOWN, NJ 989,603989.6k $50.2m $50.2m 0.30% Added +213.2k +213,151
50 Ameritas Advisory Services, LLC 2.01% of their portfolio Lincoln, NE 981,854981.9k $49.8m $49.8m 2.01% Added +100.0k +100,002
51 EVERGREEN CAPITAL MANAGEMENT LLC 1.67% of their portfolio Bellevue, WA 977,975978.0k $49.6m $49.6m 1.67% Reduced -16.2k -16,223
52 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 964,725964.7k $48.9m $48.9m 0.09% New
53 ATWOOD & PALMER INC 3.25% of their portfolio KANSAS CITY, MO 925,008925.0k $46.9m $46.9m 3.25% Added +40.5k +40,502
54 Talon Private Wealth, LLC 5.93% of their portfolio THE VILLAGES, FL 870,448870.4k $44.2m $44.2m 5.93% Added +278.3k +278,277
55 Fragasso Financial Advisors Inc 3.24% of their portfolio SEWICKLEY, PA 860,422860.4k $43.6m $43.6m 3.24% Reduced -119.5k -119,503
56 Delphi Financial Group, Inc. 25.89% of their portfolio Wilmington, DE 846,695846.7k $42.9m $42.9m 25.89% Added +448.7k +448,705
57 Destiny Wealth Partners, LLC 6.78% of their portfolio TAVARES, FL 843,140843.1k $42.8m $42.8m 6.78% Added +610.5k +610,452
58 TOWNSQUARE CAPITAL LLC 0.44% of their portfolio Lehi, UT 821,837821.8k $41.7m $41.7m 0.44% Reduced -316.9k -316,911
59 Integrated Advisors Network LLC 2.05% of their portfolio DALLAS, TX 797,352797.4k $40.4m $40.4m 2.05% Added +739.2k +739,235
60 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 793,332793.3k $40.2m $40.2m 0.04% Added +382.7k +382,667
61 MEITAV INVESTMENT HOUSE LTD 0.74% of their portfolio BENE-BERAQ, L3 790,000790.0k $40.0m $40.0m 0.74% Unchanged
62 Ocean Park Asset Management, LLC 1.38% of their portfolio SANTA MONICA, CA 767,006767.0k $38.9m $38.9m 1.38% Added +606.4k +606,400
63 ST GERMAIN D J CO INC 1.82% of their portfolio SPRINGFIELD, MA 765,288765.3k $38.8m $38.8m 1.82% Added +14.1k +14,079
64 Sanctuary Advisors, LLC 0.27% of their portfolio INDIANAPOLIS, IN 748,577748.6k $38.0m $38.0m 0.27% Added +173.8k +173,758
65 Haverford Trust Co 0.38% of their portfolio Radnor, PA 735,085735.1k $37.3m $37.3m 0.38% Added +195.1k +195,131
66 Geneos Wealth Management Inc. 0.53% of their portfolio ENGLEWOOD, CO 729,224729.2k $37.0m $37.0m 0.53% Added +464.0k +464,005
67 New England Private Wealth Advisors LLC 5.60% of their portfolio WELLESLEY, MA 714,363714.4k $36.2m $36.2m 5.60% Added +375.5k +375,533
68 Merit Financial Group, LLC 0.54% of their portfolio ALPHARETTA, GA 712,718712.7k $36.1m $36.1m 0.54% Added +534.5k +534,467
69 Baird Financial Group, Inc. 0.07% of their portfolio MILWAUKEE, WI 703,946703.9k $35.7m $35.7m 0.07% Added +103.4k +103,359
70 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 697,413697.4k $35.4m $35.4m 0.12% Added +316.4k +316,380
71 Bogart Wealth, LLC 1.64% of their portfolio MCLEAN, VA 685,979686.0k $34.8m $34.8m 1.64% Added +8.5k +8,518
72 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 677,113677.1k $34.3m $34.3m 0.08% Added +117.3k +117,265
73 Clearstead Advisors, LLC 0.53% of their portfolio CLEVELAND, OH 669,077669.1k $33.9m $33.9m 0.53% Added +236.8k +236,768
74 Flaharty Asset Management, LLC 4.85% of their portfolio CLEARWATER, FL 662,242662.2k $33.6m $33.6m 4.85% Added +38.3k +38,263
75 Syntegra Private Wealth Group, LLC 3.76% of their portfolio Chesterfield, MO 633,534633.5k $32.1m $32.1m 3.76% Reduced -164.5k -164,526
76 49 WEALTH MANAGEMENT, LLC 3.86% of their portfolio AUSTIN, TX 632,439632.4k $32.1m $32.1m 3.86% Added +40.3k +40,311
77 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 630,797630.8k $31.9m $31.9m 0.02% Added +617.9k +617,938
78 GREAT VALLEY ADVISOR GROUP, INC. 0.66% of their portfolio WILMINGTON, DE 605,516605.5k $30.7m $30.7m 0.66% Reduced -44.7k -44,672
79 Border to Coast Pensions Partnership Ltd 0.62% of their portfolio LEEDS, X0 600,000600.0k $30.4m $30.4m 0.62% Unchanged
80 Endurance Services Ltd 5.64% of their portfolio PURCHASE, NY 600,000600.0k $30.4m $30.4m 5.64% Added +395.5k +395,500
81 IHT Wealth Management, LLC 0.95% of their portfolio Chicago, IL 597,903597.9k $30.3m $30.3m 0.95% Added +481.0k +480,978
82 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 596,739596.7k $30.3m $30.3m 0.01% Added +95.8k +95,802
83 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 1.19% of their portfolio Altamonte Springs, FL 592,100592.1k $30.0m $30.0m 1.19% Added +296.3k +296,300
84 Schechter Investment Advisors, LLC 2.47% of their portfolio BIRMINGHAM, MI 592,020592.0k $30.0m $30.0m 2.47% Added +167.2k +167,152
85 Sowell Financial Services LLC 1.36% of their portfolio NORTH LITTLE ROCK, AR 587,776587.8k $29.8m $29.8m 1.36% Added +67.4k +67,380
86 Virtue Capital Management, LLC 3.41% of their portfolio BRENTWOOD, TN 575,037575.0k $29.2m $29.2m 3.41% Added +215.3k +215,304
87 Pictet North America Advisors SA 2.90% of their portfolio GENEVA 73, V8 573,255573.3k $29.1m $29.1m 2.90% New
88 NOTTINGHAM ADVISORS, INC. 4.35% of their portfolio AMHERST, NY 561,151561.2k $28.5m $28.5m 4.35% Reduced -57.1k -57,139
89 Knott David M Jr 13.20% of their portfolio SYOSSET, NY 551,763551.8k $28.0m $28.0m 13.20% Reduced -38.6k -38,634
90 SPC Financial, Inc. 2.37% of their portfolio ROCKVILLE, MD 531,860531.9k $27.0m $27.0m 2.37% Added +23.2k +23,160
91 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 5.51% of their portfolio BETHLEHEM, PA 530,383530.4k $26.9m $26.9m 5.51% Reduced -8.3k -8,342
92 TT Capital Management LLC 22.45% of their portfolio Gilbert, AZ 526,017526.0k $26.7m $26.7m 22.45% Added +109.2k +109,183
93 TRAPHAGEN INVESTMENT ADVISORS LLC 2.72% of their portfolio ORADELL, NJ 513,093513.1k $26.0m $26.0m 2.72% Added +56.5k +56,461
94 Bensler, LLC 3.21% of their portfolio Bellevue, WA 506,268506.3k $25.7m $25.7m 3.21% Added +126.3k +126,252
95 Stratos Wealth Partners, LTD. 0.39% of their portfolio BEACHWOOD, OH 504,334504.3k $25.6m $25.6m 0.39% Added +150.4k +150,408
96 Cornerstone Advisory, LLC 2.93% of their portfolio HUNT VALLEY, MD 498,355498.4k $25.1m $25.1m 2.93% Reduced -60.2k -60,173
97 MEMBERS CAPITAL ADVISORS INC 29.30% of their portfolio MADISON, WI 498,236498.2k $25.3m $25.3m 29.30% Unchanged
98 HIGHLINE WEALTH PARTNERS LLC 8.44% of their portfolio SHERMAN OAKS, CA 493,859493.9k $25.0m $25.0m 8.44% Added +47.6k +47,566
99 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 491,083491.1k $24.9m $24.9m 0.00% New
100 ALBION FINANCIAL GROUP /UT 1.76% of their portfolio SALT LAKE CITY, UT 490,890490.9k $24.9m $24.9m 1.76% Added +26.4k +26,356