Vault-13

JANUS DETROIT STR TR JAAA

HENDRSON AAA CL · ETP · CUSIP 47103U845

789 institutional holders +14 vs Q2 2025
362,885,723362.9m shares reported held*
$18.4bnreported value*
80 new 428 added 229 reduced 54 sold out net bought ≈ $2.8bn (+55.8m 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 ($62.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.78. Options: 1 managers hold calls ($4.2m notional), 1 hold puts ($71.1k).

Trends to Q3 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: 775Q3 25: 789789Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025789

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 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 25Q2 25: 479 bought or addedQ2 25: 306 cut or sold outQ3 25: 508 bought or addedQ3 25: 283 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202321289
Q1 202428096
Q2 2024375108
Q3 2024401159
Q4 2024476162
Q1 2025533221
Q2 2025479306
Q3 2025508283

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 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 0.00Q3 25 calls: $4.2mQ3 25 puts: $71.1kQ3 25P/C 0.02
Numbers
QuarterCallsPutsP/C
Q4 2024$502.0k$40.6k0.08
Q1 2025$902.6k$13.2m14.64
Q2 2025$3.4m$10.2k0.00
Q3 2025$4.2m$71.1k0.02

Biggest buyers

Corebridge Financial, Inc. Added +20,794,009+20.8m
Nuveen, LLC Added +7,595,000+7.6m
Allianz Investment Management U.S. LLC Added +7,212,832+7.2m
BARINGS LLC New +6,000,000+6.0m
JPMORGAN CHASE & CO Added +4,938,417+4.9m
GOLDMAN SACHS GROUP INC Added +3,922,725+3.9m
LPL Financial LLC Added +1,470,825+1.5m
MORGAN STANLEY Added +1,403,064+1.4m
AMERIPRISE FINANCIAL INC Added +1,192,006+1.2m
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Added +1,000,400+1.0m

Biggest sellers

ROYAL BANK OF CANADA Reduced -2,708,819-2.7m
Advance Capital Management, Inc. Reduced -1,703,585-1.7m
Kestra Investment Management, LLC Reduced -1,491,163-1.5m
Apollo Management Holdings, L.P. Sold out -1,432,523-1.4m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -1,370,866-1.4m
BlackRock, Inc. Reduced -1,063,403-1.1m
Hilton Capital Management, LLC Reduced -793,671-793.7k
Ocean Park Asset Management, LLC Sold out -767,006-767.0k
Rockefeller Capital Management L.P. Reduced -607,675-607.7k
Virtue Capital Management, LLC Reduced -485,110-485.1k

Biggest calls

CITADEL ADVISORS LLC Added $4.2m83.4k shares

Biggest puts

Belvedere Trading LLC Added $71.1k1.4k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 34,685,64634.7m $1.8bn $1.8bn 0.13% Added +300.1k +300,086
2 Allianz Investment Management U.S. LLC 49.18% of their portfolio Minneapolis, MN 25,923,33225.9m $1.3bn $1.3bn 49.18% Added +7.2m +7,212,832
3 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 22,514,38722.5m $1.1bn $1.1bn 0.07% Added +1.4m +1,403,064
4 Corebridge Financial, Inc. 59.52% of their portfolio HOUSTON, TX 21,780,00921.8m $1.1bn $1.1bn 59.52% Added +20.8m +20,794,009
5 LPL Financial LLC 0.19% of their portfolio FORT MILL, SC 12,867,37312.9m $653.4m $653.4m 0.19% Added +1.5m +1,470,825
6 Nuveen, LLC 0.16% of their portfolio CHARLOTTE, NC 11,853,00011.9m $601.9m $601.9m 0.16% Added +7.6m +7,595,000
7 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 8,132,0138.1m $412.9m $412.9m 0.08% Added +304.7k +304,743
8 NorthCoast Asset Management LLC 1.55% of their portfolio STAMFORD, CT 7,818,8057.8m $397.0m $397.0m 1.55% Added +255.4k +255,398
9 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 7,352,0217.4m $373.3m $373.3m 0.11% Added +176.8k +176,770
10 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 6,807,5706.8m $345.7m $345.7m 0.11% Added +66.4k +66,390
11 UBS Group AG 0.06% of their portfolio ZURICH, V8 6,479,6836.5m $329.0m $329.0m 0.06% Added +71.9k +71,940
12 BARINGS LLC 5.80% of their portfolio CHARLOTTE, NC 6,000,0006.0m $304.7m $304.7m 5.80% New
13 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 5,778,4305.8m $293.4m $293.4m 0.01% Added +4.9m +4,938,417
14 KEYBANK NATIONAL ASSOCIATION/OH 0.82% of their portfolio BROOKLYN, OH 4,608,7684.6m $234.0m $234.0m 0.82% Added +261.0k +261,013
15 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 4,550,3214.6m $231.1m $231.1m 0.04% Reduced -2.7m -2,708,819
16 Cetera Investment Advisers 0.26% of their portfolio SCHAUMBURG, IL 4,354,4504.4m $221.1m $221.1m 0.26% Added +419.4k +419,393
17 HighTower Advisors, LLC 0.24% of their portfolio CHICAGO, IL 4,108,1524.1m $208.6m $208.6m 0.24% Reduced -176.6k -176,596
18 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 4,095,8034.1m $208.0m $208.0m 0.03% Added +3.9m +3,922,725
19 ARCH CAPITAL GROUP LTD. 68.13% of their portfolio PEMBROKE, D0 3,941,6653.9m $200.2m $200.2m 68.13% Unchanged
20 Sage Mountain Advisors LLC 10.88% of their portfolio ATLANTA, GA 3,739,3303.7m $189.9m $189.9m 10.88% Reduced -185.7k -185,680
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 3,629,4323.6m $184.3m $184.3m 0.03% Added +82.8k +82,806
22 MIDLAND WEALTH ADVISORS, LLC 9.14% of their portfolio EFFINGHAM, IL 3,364,6173.4m $170.9m $170.9m 9.14% Reduced -102.9k -102,879
23 SIGNATUREFD, LLC 2.60% of their portfolio ATLANTA, GA 3,245,4713.2m $164.8m $164.8m 2.60% Added +133.8k +133,802
24 OSAIC HOLDINGS, INC. 0.21% of their portfolio SCOTTSDALE, AZ 2,921,9512.9m $148.5m $148.5m 0.21% Added +105.7k +105,684
25 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 2,852,5002.9m $144.8m $144.8m 0.02% Reduced -258.7k -258,687
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.21% of their portfolio PLYMOUTH, MN 2,682,9862.7m $135.8m $135.8m 0.21% Reduced -1.4m -1,370,866
27 RiverFront Investment Group, LLC 2.32% of their portfolio RICHMOND, VA 2,603,1262.6m $132.2m $132.2m 2.32% Added +31.3k +31,320
28 1900 WEALTH MANAGEMENT LLC 8.91% of their portfolio SAN ANTONIO, TX 2,588,2342.6m $131.4m $131.4m 8.91% Added +541.9k +541,897
29 Modern Wealth Management, LLC 2.56% of their portfolio KANSAS CITY, MO 2,551,1752.6m $129.5m $129.5m 2.56% Added +283.8k +283,833
30 AE Wealth Management LLC 0.78% of their portfolio TOPEKA, KS 2,416,3582.4m $122.7m $122.7m 0.78% Added +161.3k +161,283
31 TRUIST FINANCIAL CORP 0.16% of their portfolio CHARLOTTE, NC 2,307,5072.3m $117.2m $117.2m 0.16% Added +123.9k +123,893
32 Kestra Advisory Services, LLC 0.51% of their portfolio AUSTIN, TX 2,205,0952.2m $112.0m $112.0m 0.51% Added +119.1k +119,061
33 Mariner, LLC 0.14% of their portfolio Overland Park, KS 2,174,7282.2m $110.4m $110.4m 0.14% Added +248.5k +248,509
34 RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio NEW YORK, NY 2,122,2002.1m $107.8m $107.8m 0.14% Added +610.8k +610,787
35 TruWealth Advisors, LLC 5.23% of their portfolio Metairie, LA 2,038,0132.0m $103.5m $103.5m 5.23% Reduced -443.3k -443,291
36 INSPIRION WEALTH ADVISORS, LLC 14.13% of their portfolio LIBERTYVILLE, IL 1,984,8892.0m $101.0m $101.0m 14.13% Added +504.5k +504,480
37 Cambridge Investment Research Advisors, Inc. 0.26% of their portfolio FAIRFIELD, IA 1,891,1961.9m $96.0m $96.0m 0.26% Added +165.1k +165,061
38 ADVISORS MANAGEMENT GROUP INC /ADV 15.70% of their portfolio LA CROSSE, WI 1,761,9981.8m $89.5m $89.5m 15.70% Added +36.5k +36,531
39 Sanctuary Advisors, LLC 0.27% of their portfolio INDIANAPOLIS, IN 1,747,2871.7m $88.7m $88.7m 0.27% Added +869.4k +869,436
40 JANUS HENDERSON GROUP PLC 0.04% of their portfolio LONDON, X0 1,739,5291.7m $88.3m $88.3m 0.04% Added +245.8k +245,846
41 SIMON QUICK ADVISORS, LLC 3.93% of their portfolio MORRISTOWN, NJ 1,712,8021.7m $87.0m $87.0m 3.93% Reduced -11.0k -11,040
42 Brookstone Capital Management 1.03% of their portfolio WHEATON, IL 1,702,9721.7m $86.5m $86.5m 1.03% Added +35.7k +35,704
43 Haverford Trust Co 0.77% of their portfolio Radnor, PA 1,686,1621.7m $85.6m $85.6m 0.77% Added +814.5k +814,470
44 COMMERCE BANK 0.47% of their portfolio KANSAS CITY, MO 1,652,2161.7m $83.9m $83.9m 0.47% Added +68.2k +68,176
45 Advance Capital Management, Inc. 3.35% of their portfolio SOUTHFIELD, MI 1,521,4081.5m $77.3m $77.3m 3.35% Reduced -1.7m -1,703,585
46 Janney Montgomery Scott LLC 0.18% of their portfolio PHILADELPHIA, PA 1,517,4991.5m $77.1m $77.1m 0.18% Added +130.1k +130,059
47 Merit Financial Group, LLC 0.70% of their portfolio ALPHARETTA, GA 1,492,0941.5m $75.8m $75.8m 0.70% Added +639.8k +639,795
48 Private Advisor Group, LLC 0.37% of their portfolio MORRISTOWN, NJ 1,491,1011.5m $75.7m $75.7m 0.37% Added +333.5k +333,534
49 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 1,387,7031.4m $70.5m $70.5m 0.06% Added +175.7k +175,718
50 Kestra Investment Management, LLC 1.85% of their portfolio AUSTIN, TX 1,358,6641.4m $69.0m $69.0m 1.85% Reduced -1.5m -1,491,163
51 Obermeyer Wealth Partners 3.18% of their portfolio ASPEN, CO 1,337,1361.3m $67.9m $67.9m 3.18% Added +90.7k +90,726
52 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,234,8211.2m $62.7m $62.7m 0.01% Added +1.2m +1,192,006
53 Gradient Investments LLC 0.99% of their portfolio ARDEN HILLS, MN 1,164,3541.2m $59.1m $59.1m 0.99% Added +83.4k +83,410
54 Advisor OS, LLC 5.09% of their portfolio CHICAGO, IL 1,161,4091.2m $59.0m $59.0m 5.09% Added +203.1k +203,111
55 MJP ASSOCIATES INC /ADV 7.48% of their portfolio FARMINGTON, CT 1,118,5411.1m $56.8m $56.8m 7.48% Added +142.8k +142,788
56 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 2.41% of their portfolio Altamonte Springs, FL 1,092,5001.1m $55.5m $55.5m 2.41% Added +1.0m +1,000,400
57 ATWOOD & PALMER INC 3.17% of their portfolio KANSAS CITY, MO 1,064,2561.1m $54.0m $54.0m 3.17% Added +6.9k +6,899
58 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 1,022,6121.0m $51.9m $51.9m 0.07% Added +127.2k +127,210
59 &PARTNERS 0.31% of their portfolio NASHVILLE, TN 959,145959.1k $48.7m $48.7m 0.31% Reduced -96.4k -96,378
60 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 943,088943.1k $47.9m $47.9m 0.01% Added +231.7k +231,693
61 EVERGREEN CAPITAL MANAGEMENT LLC 1.11% of their portfolio Bellevue, WA 921,812921.8k $46.8m $46.8m 1.11% Reduced -22.9k -22,918
62 Fragasso Financial Advisors Inc 2.90% of their portfolio SEWICKLEY, PA 917,282917.3k $46.4m $46.4m 2.90% Added +56.8k +56,785
63 Destiny Wealth Partners, LLC 5.69% of their portfolio TAVARES, FL 913,944913.9k $46.4m $46.4m 5.69% Added +45.7k +45,731
64 Delphi Financial Group, Inc. 24.18% of their portfolio Wilmington, DE 846,695846.7k $43.0m $43.0m 24.18% Unchanged
65 GREAT VALLEY ADVISOR GROUP, INC. 0.83% of their portfolio WILMINGTON, DE 818,438818.4k $41.6m $41.6m 0.83% Added +215.4k +215,447
66 ST GERMAIN D J CO INC 1.64% of their portfolio SPRINGFIELD, MA 805,662805.7k $40.9m $40.9m 1.64% Added +14.6k +14,646
67 Flaharty Asset Management, LLC 5.17% of their portfolio CLEARWATER, FL 801,915801.9k $40.7m $40.7m 5.17% Added +121.6k +121,623
68 TRAPHAGEN INVESTMENT ADVISORS LLC 3.14% of their portfolio ORADELL, NJ 719,289719.3k $36.5m $36.5m 3.14% Added +49.7k +49,672
69 Hilton Capital Management, LLC 2.84% of their portfolio Garden City, NY 690,407690.4k $35.1m $35.1m 2.84% Reduced -793.7k -793,671
70 Sowell Financial Services LLC 1.29% of their portfolio NORTH LITTLE ROCK, AR 664,177664.2k $33.7m $33.7m 1.29% Added +23.7k +23,656
71 Bridgewealth Advisory Group, LLC 7.80% of their portfolio Fresno, CA 662,978663.0k $33.7m $33.7m 7.80% Reduced -15.6k -15,577
72 New England Private Wealth Advisors LLC 4.39% of their portfolio WELLESLEY, MA 655,864655.9k $33.3m $33.3m 4.39% Reduced -17.1k -17,141
73 FMR LLC 0.00% of their portfolio BOSTON, MA 650,991651.0k $33.1m $33.1m 0.00% Reduced -10.2k -10,167
74 Ancora Advisors LLC 0.66% of their portfolio Cleveland, OH 649,986650.0k $33.0m $33.0m 0.66% Added +103.4k +103,373
75 CX Institutional 0.99% of their portfolio AUBURN, IN 643,187643.2k $32.7m $32.7m 0.99% Added +37.1k +37,124
76 Syntegra Private Wealth Group, LLC 2.96% of their portfolio Chesterfield, MO 618,500618.5k $31.4m $31.4m 2.96% Reduced -13.5k -13,485
77 Evercore Wealth Management, LLC 0.46% of their portfolio New York, NY 614,328614.3k $31.2m $31.2m 0.46% Added +272.5k +272,477
78 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 604,759604.8k $30.7m $30.7m 0.06% Reduced -607.7k -607,675
79 Endurance Services Ltd 5.10% of their portfolio PURCHASE, NY 600,000600.0k $30.5m $30.5m 5.10% Unchanged
80 NOTTINGHAM ADVISORS, INC. 4.19% of their portfolio AMHERST, NY 594,104594.1k $30.2m $30.2m 4.19% Added +60.2k +60,225
81 BlackRock, Inc. 0.00% of their portfolio New York, NY 590,722590.7k $30.0m $30.0m 0.00% Reduced -1.1m -1,063,403
82 Drake & Associates, LLC 6.14% of their portfolio WAUKESHA, WI 579,797579.8k $29.3m $29.3m 6.14% Added +87.9k +87,865
83 Bensler, LLC 3.05% of their portfolio Bellevue, WA 578,218578.2k $29.4m $29.4m 3.05% Added +67.4k +67,381
84 Aprio Wealth Management, LLC 2.90% of their portfolio ATLANTA, GA 574,411574.4k $29.2m $29.2m 2.90% Added +81.9k +81,863
85 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 573,067573.1k $29.1m $29.1m 0.05% Added +119.4k +119,394
86 SPC Financial, Inc. 2.19% of their portfolio ROCKVILLE, MD 551,449551.4k $28.0m $28.0m 2.19% Added +15.4k +15,392
87 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 4.88% of their portfolio BETHLEHEM, PA 549,637549.6k $27.9m $27.9m 4.88% Added +6.5k +6,520
88 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 538,684538.7k $27.4m $27.4m 0.07% Added +46.8k +46,849
89 ALBION FINANCIAL GROUP /UT 1.64% of their portfolio SALT LAKE CITY, UT 533,910533.9k $27.1m $27.1m 1.64% Added +34.0k +33,951
90 TT Capital Management LLC 20.65% of their portfolio Gilbert, AZ 532,196532.2k $27.0m $27.0m 20.65% Reduced -10.0k -10,048
91 Stratos Wealth Partners, LTD. 0.31% of their portfolio BEACHWOOD, OH 523,541523.5k $26.6m $26.6m 0.31% Added +23.6k +23,595
92 49 WEALTH MANAGEMENT, LLC 2.50% of their portfolio AUSTIN, TX 522,291522.3k $26.5m $26.5m 2.50% Reduced -96.2k -96,163
93 Leslie Global Wealth, LLC 12.44% of their portfolio Itasca, IL 522,167522.2k $26.5m $26.5m 12.44% New
94 Clearstead Advisors, LLC 0.39% of their portfolio CLEVELAND, OH 521,530521.5k $26.5m $26.5m 0.39% Added +16.9k +16,871
95 FOSTER & MOTLEY INC 1.42% of their portfolio CINCINNATI, OH 517,135517.1k $26.3m $26.3m 1.42% Added +77.9k +77,860
96 J.W. COLE ADVISORS, INC. 0.50% of their portfolio TAMPA, FL 514,904514.9k $26.1m $26.1m 0.50% Added +41.2k +41,219
97 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 512,318512.3k $26.0m $26.0m 0.01% New
98 Arax Advisory Partners 0.37% of their portfolio NEW YORK, NY 510,081510.1k $25.9m $25.9m 0.37% Added +27.3k +27,288
99 Beacon Capital Management, Inc. 1.22% of their portfolio DAYTON, OH 504,210504.2k $25.6m $25.6m 1.22% New
100 MEMBERS CAPITAL ADVISORS INC 29.09% of their portfolio MADISON, WI 498,236498.2k $25.3m $25.3m 29.09% Unchanged