Vault-13

JANUS DETROIT STR TR JAAA

HENDRSON AAA CL · ETP · CUSIP 47103U845

775 institutional holders +26 vs Q1 2025
309,253,374309.3m shares reported held*
$15.7bnreported value*
95 new 384 added 237 reduced 69 sold out net bought ≈ $1.3bn (+26.2m 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 ($54.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.74. Options: 1 managers hold calls ($3.4m notional), 2 hold puts ($10.2k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 142Q4 22: 179Q1 23: 205Q2 23: 219Q3 23: 255Q4 23: 307Q1 24: 371Q2 24: 484Q3 24: 558Q4 24: 676Q1 25: 749Q2 25: 775775Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025775

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 175 bought or addedQ3 23: 78 cut or sold outQ4 23: 212 bought or addedQ4 23: 89 cut or sold outQ4 23Q1 24: 280 bought or addedQ1 24: 96 cut or sold outQ2 24: 375 bought or addedQ2 24: 108 cut or sold outQ2 24Q3 24: 401 bought or addedQ3 24: 159 cut or sold outQ4 24: 476 bought or addedQ4 24: 162 cut or sold outQ4 24Q1 25: 533 bought or addedQ1 25: 221 cut or sold outQ2 25: 479 bought or addedQ2 25: 306 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202317578
Q4 202321289
Q1 202428096
Q2 2024375108
Q3 2024401159
Q4 2024476162
Q1 2025533221
Q2 2025479306

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 14.64Q2 25 calls: $3.4mQ2 25 puts: $10.2kQ2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$340.9k$641.1k1.88
Q4 2024$502.0k$40.6k0.08
Q1 2025$902.6k$13.2m14.64
Q2 2025$3.4m$10.2k0.00

Biggest buyers

Allianz Investment Management U.S. LLC Added +10,991,000+11.0m
Nuveen, LLC New +4,258,000+4.3m
BlackRock, Inc. Added +1,642,271+1.6m
ROYAL BANK OF CANADA Added +1,583,695+1.6m
Apollo Management Holdings, L.P. New +1,432,523+1.4m
LPL Financial LLC Added +1,162,447+1.2m
NorthCoast Asset Management LLC Added +1,072,771+1.1m
Corebridge Financial, Inc. New +986,000+986.0k
JANUS HENDERSON GROUP PLC Added +862,886+862.9k
Invesco Ltd. Added +808,918+808.9k

Biggest sellers

Annex Advisory Services, LLC Reduced -3,408,263-3.4m
JANE STREET GROUP, LLC Sold out -964,725-964.7k
TOWNSQUARE CAPITAL LLC Reduced -809,507-809.5k
MEITAV INVESTMENT HOUSE LTD Sold out -790,000-790.0k
RFG Advisory, LLC Reduced -770,065-770.1k
RAYMOND JAMES FINANCIAL INC Reduced -750,382-750.4k
Integrated Advisors Network LLC Reduced -637,343-637.3k
CX Institutional Reduced -544,345-544.3k
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Reduced -500,000-500.0k
INSPIRION WEALTH ADVISORS, LLC Reduced -427,458-427.5k

Biggest calls

CITADEL ADVISORS LLC Added $3.4m66.2k shares

Biggest puts

Belvedere Trading LLC New $10.2k200 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.14% of their portfolio CHARLOTTE, NC 34,385,56034.4m $1.7bn $1.7bn 0.14% Added +34.4k +34,389
2 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 21,111,32321.1m $1.1bn $1.1bn 0.07% Reduced -349.4k -349,352
3 Allianz Investment Management U.S. LLC 41.12% of their portfolio Minneapolis, MN 18,710,50018.7m $949.6m $949.6m 41.12% Added +11.0m +10,991,000
4 LPL Financial LLC 0.19% of their portfolio FORT MILL, SC 11,396,54811.4m $578.4m $578.4m 0.19% Added +1.2m +1,162,447
5 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 7,827,2707.8m $397.2m $397.2m 0.09% Added +335.3k +335,310
6 NorthCoast Asset Management LLC 1.64% of their portfolio STAMFORD, CT 7,563,4077.6m $383.8m $383.8m 1.64% Added +1.1m +1,072,771
7 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 7,259,1407.3m $368.4m $368.4m 0.04% Added +1.6m +1,583,695
8 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 7,175,2517.2m $364.1m $364.1m 0.11% Added +443.4k +443,367
9 RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio ST. PETERSBURG, FL 6,741,1806.7m $342.1m $342.1m 0.12% Reduced -750.4k -750,382
10 UBS Group AG 0.07% of their portfolio ZURICH, V8 6,407,7436.4m $325.2m $325.2m 0.07% Added +437.2k +437,221
11 KEYBANK NATIONAL ASSOCIATION/OH 0.82% of their portfolio BROOKLYN, OH 4,347,7554.3m $220.6m $220.6m 0.82% Added +278.6k +278,582
12 HighTower Advisors, LLC 0.27% of their portfolio CHICAGO, IL 4,284,7484.3m $217.5m $217.5m 0.27% Added +11.5k +11,505
13 Nuveen, LLC 0.06% of their portfolio CHARLOTTE, NC 4,258,0004.3m $216.1m $216.1m 0.06% New
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.34% of their portfolio PLYMOUTH, MN 4,053,8524.1m $205.0m $205.0m 0.34% Reduced -144.3k -144,254
15 ARCH CAPITAL GROUP LTD. 68.21% of their portfolio PEMBROKE, D0 3,941,6653.9m $200.0m $200.0m 68.21% Unchanged
16 Cetera Investment Advisers 0.34% of their portfolio SCHAUMBURG, IL 3,935,0573.9m $199.7m $199.7m 0.34% Added +475.9k +475,917
17 Sage Mountain Advisors LLC 12.96% of their portfolio ATLANTA, GA 3,925,0103.9m $199.2m $199.2m 12.96% Reduced -271.7k -271,697
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 3,546,6263.5m $180.0m $180.0m 0.03% Added +58.2k +58,236
19 MIDLAND WEALTH ADVISORS, LLC 9.72% of their portfolio EFFINGHAM, IL 3,467,4963.5m $176.0m $176.0m 9.72% Added +102.0k +101,965
20 Advance Capital Management, Inc. 7.42% of their portfolio SOUTHFIELD, MI 3,224,9933.2m $163.7m $163.7m 7.42% Added +275.8k +275,793
21 SIGNATUREFD, LLC 2.69% of their portfolio ATLANTA, GA 3,111,6693.1m $157.9m $157.9m 2.69% Added +764.4k +764,370
22 Invesco Ltd. 0.03% of their portfolio ATLANTA, GA 3,111,1873.1m $157.9m $157.9m 0.03% Added +808.9k +808,918
23 Kestra Investment Management, LLC 2.23% of their portfolio AUSTIN, TX 2,849,8272.8m $144.6m $144.6m 2.23% Reduced -337.2k -337,197
24 OSAIC HOLDINGS, INC. 0.25% of their portfolio SCOTTSDALE, AZ 2,816,2672.8m $142.9m $142.9m 0.25% Added +135.9k +135,895
25 RiverFront Investment Group, LLC 2.55% of their portfolio RICHMOND, VA 2,571,8062.6m $130.5m $130.5m 2.55% Added +83.9k +83,945
26 TruWealth Advisors, LLC 6.93% of their portfolio Metairie, LA 2,481,3042.5m $125.9m $125.9m 6.93% Added +106.8k +106,810
27 Modern Wealth Management, LLC 2.83% of their portfolio KANSAS CITY, MO 2,267,3422.3m $115.1m $115.1m 2.83% Added +368.6k +368,568
28 AE Wealth Management LLC 0.84% of their portfolio TOPEKA, KS 2,255,0752.3m $114.4m $114.4m 0.84% Added +308.2k +308,225
29 TRUIST FINANCIAL CORP 0.16% of their portfolio CHARLOTTE, NC 2,183,6142.2m $110.8m $110.8m 0.16% Reduced -22.6k -22,627
30 Kestra Advisory Services, LLC 0.52% of their portfolio AUSTIN, TX 2,086,0342.1m $105.9m $105.9m 0.52% Added +330.6k +330,609
31 1900 WEALTH MANAGEMENT LLC 7.85% of their portfolio SAN ANTONIO, TX 2,046,3372.0m $103.9m $103.9m 7.85% Reduced -9.5k -9,460
32 Mariner, LLC 0.14% of their portfolio Overland Park, KS 1,926,2191.9m $97.8m $97.8m 0.14% Added +35.9k +35,899
33 Cambridge Investment Research Advisors, Inc. 0.27% of their portfolio FAIRFIELD, IA 1,726,1351.7m $87.6m $87.6m 0.27% Added +77.7k +77,664
34 ADVISORS MANAGEMENT GROUP INC /ADV 16.49% of their portfolio LA CROSSE, WI 1,725,4671.7m $87.6m $87.6m 16.49% Added +409.6k +409,566
35 SIMON QUICK ADVISORS, LLC 4.43% of their portfolio MORRISTOWN, NJ 1,723,8421.7m $87.5m $87.5m 4.43% Added +163.1k +163,061
36 Brookstone Capital Management 1.11% of their portfolio WHEATON, IL 1,667,2681.7m $84.6m $84.6m 1.11% Added +19.3k +19,271
37 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,654,1251.7m $83.9m $83.9m 0.00% Added +1.6m +1,642,271
38 COMMERCE BANK 0.47% of their portfolio KANSAS CITY, MO 1,584,0401.6m $80.4m $80.4m 0.47% Added +335.5k +335,504
39 RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio NEW YORK, NY 1,511,4131.5m $76.7m $76.7m 0.10% Reduced -264.5k -264,487
40 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 1,493,6831.5m $75.8m $75.8m 0.04% Added +862.9k +862,886
41 Hilton Capital Management, LLC 6.01% of their portfolio Garden City, NY 1,484,0781.5m $75.3m $75.3m 6.01% Reduced -10.3k -10,254
42 INSPIRION WEALTH ADVISORS, LLC 9.94% of their portfolio LIBERTYVILLE, IL 1,480,4091.5m $75.1m $75.1m 9.94% Reduced -427.5k -427,458
43 Apollo Management Holdings, L.P. 1.14% of their portfolio New York, NY 1,432,5231.4m $72.7m $72.7m 1.14% New
44 Janney Montgomery Scott LLC 0.18% of their portfolio PHILADELPHIA, PA 1,387,4401.4m $70.4m $70.4m 0.18% Added +24.6k +24,617
45 Obermeyer Wealth Partners 3.15% of their portfolio ASPEN, CO 1,246,4101.2m $63.3m $63.3m 3.15% Added +18.8k +18,817
46 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 1,212,4341.2m $61.5m $61.5m 0.07% Added +535.3k +535,321
47 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 1,211,9851.2m $61.5m $61.5m 0.06% Added +418.7k +418,653
48 Private Advisor Group, LLC 0.32% of their portfolio MORRISTOWN, NJ 1,157,5671.2m $58.7m $58.7m 0.32% Added +168.0k +167,964
49 Gradient Investments LLC 1.00% of their portfolio ARDEN HILLS, MN 1,080,9441.1m $54.9m $54.9m 1.00% Added +28.3k +28,290
50 ATWOOD & PALMER INC 3.35% of their portfolio KANSAS CITY, MO 1,057,3571.1m $53.7m $53.7m 3.35% Added +132.3k +132,349
51 &PARTNERS 0.41% of their portfolio NASHVILLE, TN 1,055,5231.1m $53.6m $53.6m 0.41% Added +685.5k +685,498
52 Corebridge Financial, Inc. 11.15% of their portfolio HOUSTON, TX 986,000986.0k $50.0m $50.0m 11.15% New
53 MJP ASSOCIATES INC /ADV 7.34% of their portfolio FARMINGTON, CT 975,753975.8k $49.5m $49.5m 7.34% Added +563.4k +563,404
54 Advisor OS, LLC 4.79% of their portfolio CHICAGO, IL 958,298958.3k $48.6m $48.6m 4.79% Added +536.3k +536,310
55 EVERGREEN CAPITAL MANAGEMENT LLC 1.44% of their portfolio Bellevue, WA 944,730944.7k $47.9m $47.9m 1.44% Reduced -33.2k -33,245
56 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 895,402895.4k $45.4m $45.4m 0.06% Reduced -249.7k -249,659
57 Sanctuary Advisors, LLC 0.28% of their portfolio INDIANAPOLIS, IN 877,851877.9k $44.6m $44.6m 0.28% Added +129.3k +129,274
58 Haverford Trust Co 0.42% of their portfolio Radnor, PA 871,692871.7k $44.2m $44.2m 0.42% Added +136.6k +136,607
59 Destiny Wealth Partners, LLC 5.92% of their portfolio TAVARES, FL 868,213868.2k $44.1m $44.1m 5.92% Added +25.1k +25,073
60 Ameritas Advisory Services, LLC 2.28% of their portfolio Lincoln, NE 860,539860.5k $43.7m $43.7m 2.28% Reduced -121.3k -121,315
61 Fragasso Financial Advisors Inc 2.94% of their portfolio SEWICKLEY, PA 860,497860.5k $43.7m $43.7m 2.94% Added +75 +75
62 Merit Financial Group, LLC 0.48% of their portfolio ALPHARETTA, GA 852,299852.3k $43.3m $43.3m 0.48% Added +139.6k +139,581
63 Delphi Financial Group, Inc. 30.29% of their portfolio Wilmington, DE 846,695846.7k $43.0m $43.0m 30.29% Unchanged
64 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 840,013840.0k $42.6m $42.6m 0.00% Added +720.2k +720,165
65 ST GERMAIN D J CO INC 1.73% of their portfolio SPRINGFIELD, MA 791,016791.0k $40.1m $40.1m 1.73% Added +25.7k +25,728
66 Ocean Park Asset Management, LLC 1.38% of their portfolio SANTA MONICA, CA 767,006767.0k $38.9m $38.9m 1.38% Unchanged
67 Talon Private Wealth, LLC 5.30% of their portfolio THE VILLAGES, FL 758,888758.9k $38.5m $38.5m 5.30% Reduced -111.6k -111,560
68 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 711,395711.4k $36.1m $36.1m 0.01% Added +114.7k +114,656
69 EXCHANGE TRADED CONCEPTS, LLC 0.44% of their portfolio Oklahoma City, OK 683,158683.2k $34.7m $34.7m 0.44% Added +497.6k +497,613
70 Flaharty Asset Management, LLC 4.72% of their portfolio CLEARWATER, FL 680,292680.3k $34.5m $34.5m 4.72% Added +18.1k +18,050
71 Bridgewealth Advisory Group, LLC 8.74% of their portfolio Fresno, CA 678,555678.6k $34.4m $34.4m 8.74% Added +477.0k +477,003
72 New England Private Wealth Advisors LLC 5.00% of their portfolio WELLESLEY, MA 673,005673.0k $34.2m $34.2m 5.00% Reduced -41.4k -41,358
73 TRAPHAGEN INVESTMENT ADVISORS LLC 3.22% of their portfolio ORADELL, NJ 669,617669.6k $34.0m $34.0m 3.22% Added +156.5k +156,524
74 FMR LLC 0.00% of their portfolio BOSTON, MA 661,158661.2k $33.6m $33.6m 0.00% Added +658.3k +658,330
75 Sowell Financial Services LLC 1.32% of their portfolio NORTH LITTLE ROCK, AR 640,521640.5k $32.5m $32.5m 1.32% Added +52.7k +52,745
76 Syntegra Private Wealth Group, LLC 3.27% of their portfolio Chesterfield, MO 631,985632.0k $32.1m $32.1m 3.27% Reduced -1.5k -1,549
77 49 WEALTH MANAGEMENT, LLC 3.34% of their portfolio AUSTIN, TX 618,454618.5k $31.4m $31.4m 3.34% Reduced -14.0k -13,985
78 Pictet North America Advisors SA 3.13% of their portfolio GENEVA 73, V8 613,635613.6k $31.1m $31.1m 3.13% Added +40.4k +40,380
79 CX Institutional 1.07% of their portfolio AUBURN, IN 606,063606.1k $30.8m $30.8m 1.07% Reduced -544.3k -544,345
80 GREAT VALLEY ADVISOR GROUP, INC. 0.68% of their portfolio WILMINGTON, DE 602,991603.0k $30.6m $30.6m 0.68% Reduced -2.5k -2,525
81 Border to Coast Pensions Partnership Ltd 0.56% of their portfolio LEEDS, X0 600,000600.0k $30.4m $30.4m 0.56% Unchanged
82 Endurance Services Ltd 5.30% of their portfolio PURCHASE, NY 600,000600.0k $30.4m $30.4m 5.30% Unchanged
83 Ancora Advisors LLC 0.58% of their portfolio Cleveland, OH 546,613546.6k $27.7m $27.7m 0.58% Added +58.4k +58,352
84 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 5.31% of their portfolio BETHLEHEM, PA 543,117543.1k $27.6m $27.6m 5.31% Added +12.7k +12,734
85 TT Capital Management LLC 22.31% of their portfolio Gilbert, AZ 542,244542.2k $27.5m $27.5m 22.31% Added +16.2k +16,227
86 SPC Financial, Inc. 2.28% of their portfolio ROCKVILLE, MD 536,057536.1k $27.2m $27.2m 2.28% Added +4.2k +4,197
87 NOTTINGHAM ADVISORS, INC. 4.02% of their portfolio AMHERST, NY 533,879533.9k $27.1m $27.1m 4.02% Reduced -27.3k -27,272
88 Waldron Private Wealth LLC 1.18% of their portfolio BRIDGEVILLE, PA 533,201533.2k $27.1m $27.1m 1.18% Added +62.9k +62,853
89 Bensler, LLC 2.90% of their portfolio Bellevue, WA 510,837510.8k $25.9m $25.9m 2.90% Added +4.6k +4,569
90 HIGHLINE WEALTH PARTNERS LLC 7.62% of their portfolio SHERMAN OAKS, CA 507,322507.3k $25.7m $25.7m 7.62% Added +13.5k +13,463
91 Clearstead Advisors, LLC 0.36% of their portfolio CLEVELAND, OH 504,659504.7k $25.6m $25.6m 0.36% Reduced -164.4k -164,418
92 Cornerstone Advisory, LLC 2.74% of their portfolio HUNT VALLEY, MD 503,645503.6k $25.6m $25.6m 2.74% Added +5.3k +5,290
93 ALBION FINANCIAL GROUP /UT 1.66% of their portfolio SALT LAKE CITY, UT 499,959500.0k $25.4m $25.4m 1.66% Added +9.1k +9,069
94 Stratos Wealth Partners, LTD. 0.34% of their portfolio BEACHWOOD, OH 499,946499.9k $25.4m $25.4m 0.34% Reduced -4.4k -4,388
95 MEMBERS CAPITAL ADVISORS INC 29.18% of their portfolio MADISON, WI 498,236498.2k $25.3m $25.3m 29.18% Unchanged
96 Knott David M Jr 11.39% of their portfolio SYOSSET, NY 495,254495.3k $25.1m $25.1m 11.39% Reduced -56.5k -56,509
97 Aprio Wealth Management, LLC 2.82% of their portfolio ATLANTA, GA 492,548492.5k $25.0m $25.0m 2.82% Added +295.6k +295,614
98 Drake & Associates, LLC 6.12% of their portfolio WAUKESHA, WI 491,932491.9k $25.0m $25.0m 6.12% Added +9.6k +9,557
99 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 491,835491.8k $25.0m $25.0m 0.07% Reduced -205.6k -205,578
100 Virtue Capital Management, LLC 4.55% of their portfolio BRENTWOOD, TN 487,536487.5k $24.7m $24.7m 4.55% Reduced -87.5k -87,501