Vault-13

JANUS DETROIT STR TR JAAA

HENDRSON AAA CL · ETP · CUSIP 47103U845

845 institutional holders +56 vs Q3 2025
322,306,480322.3m shares reported held*
$16.3bnreported value*
71 new 409 added 252 reduced 60 sold out net sold ≈ $869.7m (-17.2m 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 ($63.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.59. Options: 1 managers hold calls ($2.4m notional), 1 hold puts ($763.8k).

Trends to Q4 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: 789Q4 25: 845845Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025845

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 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 25Q3 25: 508 bought or addedQ3 25: 283 cut or sold outQ4 25: 480 bought or addedQ4 25: 312 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202428096
Q2 2024375108
Q3 2024401159
Q4 2024476162
Q1 2025533221
Q2 2025479306
Q3 2025508283
Q4 2025480312

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 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 0.02Q4 25 calls: $2.4mQ4 25 puts: $763.8kQ4 25P/C 0.31
Numbers
QuarterCallsPutsP/C
Q1 2025$902.6k$13.2m14.64
Q2 2025$3.4m$10.2k0.00
Q3 2025$4.2m$71.1k0.02
Q4 2025$2.4m$763.8k0.31

Biggest buyers

Allianz SE New +26,360,832+26.4m
Focus Partners Wealth Added +8,196,112+8.2m
AMERIPRISE FINANCIAL INC Added +1,923,145+1.9m
GREENLEAF TRUST New +1,848,999+1.8m
Sage Mountain Advisors LLC Added +1,278,966+1.3m
STATE OF WISCONSIN INVESTMENT BOARD New +1,000,000+1.0m
Rockefeller Capital Management L.P. Added +780,199+780.2k
Mariner, LLC Added +635,380+635.4k
Ameritas Advisory Services, LLC Added +598,646+598.6k
Virtue Capital Management, LLC Added +581,335+581.3k

Biggest sellers

Corebridge Financial, Inc. Sold out -21,780,009-21.8m
Nuveen, LLC Sold out -11,853,000-11.9m
NorthCoast Asset Management LLC Sold out -7,818,805-7.8m
JPMORGAN CHASE & CO Reduced -5,609,315-5.6m
BANK OF AMERICA CORP /DE/ Reduced -4,507,882-4.5m
RENAISSANCE TECHNOLOGIES LLC Sold out -2,122,200-2.1m
MORGAN STANLEY Reduced -1,898,377-1.9m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -1,577,252-1.6m
Brookstone Capital Management Reduced -1,143,247-1.1m
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Sold out -1,092,500-1.1m

Biggest calls

CITADEL ADVISORS LLC Reduced $2.4m48.1k shares

Biggest puts

CITADEL ADVISORS LLC New $763.8k15.1k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 30,177,76430.2m $1.5bn $1.5bn 0.11% Reduced -4.5m -4,507,882
2 Allianz SE 17.17% of their portfolio Munich, 2M 26,360,83226.4m $1.3bn $1.3bn 17.17% New
3 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 20,616,01020.6m $1.0bn $1.0bn 0.06% Reduced -1.9m -1,898,377
4 LPL Financial LLC 0.18% of their portfolio FORT MILL, SC 13,272,73613.3m $671.3m $671.3m 0.18% Added +405.4k +405,363
5 Focus Partners Wealth 0.47% of their portfolio ST LOUIS, MO 8,228,8848.2m $416.2m $416.2m 0.47% Added +8.2m +8,196,112
6 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 7,457,7157.5m $377.2m $377.2m 0.07% Reduced -674.3k -674,298
7 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 6,915,9506.9m $349.8m $349.8m 0.11% Added +108.4k +108,380
8 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 6,865,6626.9m $347.3m $347.3m 0.10% Reduced -486.4k -486,359
9 UBS Group AG 0.07% of their portfolio ZURICH, V8 6,560,2506.6m $331.8m $331.8m 0.07% Added +80.6k +80,567
10 BARINGS LLC 5.59% of their portfolio CHARLOTTE, NC 6,000,0006.0m $303.5m $303.5m 5.59% Unchanged
11 Sage Mountain Advisors LLC 13.46% of their portfolio ATLANTA, GA 5,018,2965.0m $253.8m $253.8m 13.46% Added +1.3m +1,278,966
12 Cetera Investment Advisers 0.26% of their portfolio SCHAUMBURG, IL 4,781,1814.8m $241.8m $241.8m 0.26% Added +426.7k +426,731
13 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 4,687,7094.7m $237.1m $237.1m 0.04% Added +137.4k +137,388
14 KEYBANK NATIONAL ASSOCIATION/OH 0.82% of their portfolio BROOKLYN, OH 4,503,8874.5m $227.8m $227.8m 0.82% Reduced -104.9k -104,881
15 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 4,140,5054.1m $209.4m $209.4m 0.23% Added +32.4k +32,353
16 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 4,121,4944.1m $208.5m $208.5m 0.03% Added +25.7k +25,691
17 ARCH CAPITAL GROUP LTD. 68.22% of their portfolio PEMBROKE, D0 3,941,6653.9m $199.4m $199.4m 68.22% Unchanged
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 3,712,9443.7m $187.8m $187.8m 0.03% Added +83.5k +83,512
19 MIDLAND WEALTH ADVISORS, LLC 8.98% of their portfolio EFFINGHAM, IL 3,410,3883.4m $172.5m $172.5m 8.98% Added +45.8k +45,771
20 SIGNATUREFD, LLC 2.58% of their portfolio ATLANTA, GA 3,334,1923.3m $168.6m $168.6m 2.58% Added +88.7k +88,721
21 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 3,157,9663.2m $159.7m $159.7m 0.04% Added +1.9m +1,923,145
22 Mariner, LLC 0.17% of their portfolio Overland Park, KS 2,810,1082.8m $142.1m $142.1m 0.17% Added +635.4k +635,380
23 Kestra Advisory Services, LLC 0.56% of their portfolio AUSTIN, TX 2,688,7882.7m $136.0m $136.0m 0.56% Added +483.7k +483,693
24 Modern Wealth Management, LLC 2.42% of their portfolio KANSAS CITY, MO 2,620,5012.6m $132.5m $132.5m 2.42% Added +69.3k +69,326
25 RiverFront Investment Group, LLC 2.17% of their portfolio RICHMOND, VA 2,605,1542.6m $131.8m $131.8m 2.17% Added +2.0k +2,028
26 AE Wealth Management LLC 0.73% of their portfolio TOPEKA, KS 2,531,7092.5m $128.1m $128.1m 0.73% Added +115.4k +115,351
27 OSAIC HOLDINGS, INC. 0.18% of their portfolio SCOTTSDALE, AZ 2,440,5502.4m $123.5m $123.5m 0.18% Reduced -481.4k -481,401
28 1900 WEALTH MANAGEMENT LLC 7.91% of their portfolio SAN ANTONIO, TX 2,439,3862.4m $123.4m $123.4m 7.91% Reduced -148.8k -148,848
29 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,302,3992.3m $116.5m $116.5m 0.01% Reduced -550.1k -550,101
30 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 2,182,2792.2m $110.4m $110.4m 0.15% Reduced -125.2k -125,228
31 TruWealth Advisors, LLC 5.24% of their portfolio Metairie, LA 2,116,4422.1m $107.0m $107.0m 5.24% Added +78.4k +78,429
32 Cambridge Investment Research Advisors, Inc. 0.26% of their portfolio FAIRFIELD, IA 1,937,2871.9m $98.0m $98.0m 0.26% Added +46.1k +46,091
33 COMMERCE BANK 0.52% of their portfolio KANSAS CITY, MO 1,868,3061.9m $94.5m $94.5m 0.52% Added +216.1k +216,090
34 GREENLEAF TRUST 0.86% of their portfolio KALAMAZOO, MI 1,848,9991.8m $93.5m $93.5m 0.86% New
35 ADVISORS MANAGEMENT GROUP INC /ADV 16.77% of their portfolio LA CROSSE, WI 1,822,3131.8m $92.2m $92.2m 16.77% Added +60.3k +60,315
36 Haverford Trust Co 0.81% of their portfolio Radnor, PA 1,796,7701.8m $90.9m $90.9m 0.81% Added +110.6k +110,608
37 Merit Financial Group, LLC 0.64% of their portfolio ALPHARETTA, GA 1,578,4701.6m $79.8m $79.8m 0.64% Added +86.4k +86,376
38 Janney Montgomery Scott LLC 0.18% of their portfolio PHILADELPHIA, PA 1,529,7451.5m $77.4m $77.4m 0.18% Added +12.2k +12,246
39 Kestra Investment Management, LLC 1.87% of their portfolio AUSTIN, TX 1,510,6091.5m $76.4m $76.4m 1.87% Added +151.9k +151,945
40 Obermeyer Wealth Partners 3.49% of their portfolio ASPEN, CO 1,508,7981.5m $76.3m $76.3m 3.49% Added +171.7k +171,662
41 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 1,508,2071.5m $76.3m $76.3m 0.07% Added +120.5k +120,504
42 Rockefeller Capital Management L.P. 0.13% of their portfolio NEW YORK, NY 1,384,9581.4m $70.1m $70.1m 0.13% Added +780.2k +780,199
43 INSPIRION WEALTH ADVISORS, LLC 8.42% of their portfolio LIBERTYVILLE, IL 1,359,6601.4m $68.8m $68.8m 8.42% Reduced -625.2k -625,229
44 SIMON QUICK ADVISORS, LLC 2.88% of their portfolio MORRISTOWN, NJ 1,303,4931.3m $65.9m $65.9m 2.88% Reduced -409.3k -409,309
45 Gradient Investments LLC 1.01% of their portfolio ARDEN HILLS, MN 1,257,0231.3m $63.6m $63.6m 1.01% Added +92.7k +92,669
46 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,172,9691.2m $59.3m $59.3m 0.01% Added +229.9k +229,881
47 Private Advisor Group, LLC 0.28% of their portfolio MORRISTOWN, NJ 1,169,5561.2m $59.2m $59.2m 0.28% Reduced -321.5k -321,545
48 JANUS HENDERSON GROUP PLC 0.03% of their portfolio LONDON, X0 1,166,3191.2m $59.0m $59.0m 0.03% Reduced -573.2k -573,210
49 &PARTNERS 0.30% of their portfolio NASHVILLE, TN 1,130,6821.1m $57.1m $57.1m 0.30% Added +171.5k +171,537
50 Sanctuary Advisors, LLC 0.31% of their portfolio INDIANAPOLIS, IN 1,128,6611.1m $57.1m $57.1m 0.31% Reduced -618.6k -618,626
51 Advisor OS, LLC 4.57% of their portfolio CHICAGO, IL 1,122,0261.1m $56.8m $56.8m 4.57% Reduced -39.4k -39,383
52 MJP ASSOCIATES INC /ADV 7.02% of their portfolio FARMINGTON, CT 1,109,4681.1m $56.1m $56.1m 7.02% Reduced -9.1k -9,073
53 ATWOOD & PALMER INC 3.18% of their portfolio KANSAS CITY, MO 1,106,5081.1m $56.0m $56.0m 3.18% Added +42.3k +42,252
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 1,105,7341.1m $56.0m $56.0m 0.08% Reduced -1.6m -1,577,252
55 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 1,047,6611.0m $53.0m $53.0m 0.07% Added +25.0k +25,049
56 STATE OF WISCONSIN INVESTMENT BOARD 0.11% of their portfolio MADISON, WI 1,000,0001.0m $50.6m $50.6m 0.11% New
57 Ameritas Advisory Services, LLC 1.87% of their portfolio Lincoln, NE 989,647989.6k $50.1m $50.1m 1.87% Added +598.6k +598,646
58 Fragasso Financial Advisors Inc 2.90% of their portfolio SEWICKLEY, PA 946,255946.3k $47.9m $47.9m 2.90% Added +29.0k +28,973
59 EVERGREEN CAPITAL MANAGEMENT LLC 1.04% of their portfolio Bellevue, WA 921,304921.3k $46.6m $46.6m 1.04% Reduced -508 -508
60 Delphi Financial Group, Inc. 21.38% of their portfolio Wilmington, DE 846,695846.7k $42.8m $42.8m 21.38% Unchanged
61 Advance Capital Management, Inc. 1.80% of their portfolio SOUTHFIELD, MI 840,218840.2k $42.5m $42.5m 1.80% Reduced -681.2k -681,190
62 ST GERMAIN D J CO INC 1.61% of their portfolio SPRINGFIELD, MA 820,697820.7k $41.5m $41.5m 1.61% Added +15.0k +15,035
63 GREAT VALLEY ADVISOR GROUP, INC. 0.78% of their portfolio WILMINGTON, DE 802,376802.4k $40.6m $40.6m 0.78% Reduced -16.1k -16,062
64 Ancora Advisors LLC 0.83% of their portfolio Cleveland, OH 795,963796.0k $40.3m $40.3m 0.83% Added +146.0k +145,977
65 Hilton Capital Management, LLC 2.93% of their portfolio Garden City, NY 770,082770.1k $39.0m $39.0m 2.93% Added +79.7k +79,675
66 TRAPHAGEN INVESTMENT ADVISORS LLC 3.12% of their portfolio ORADELL, NJ 749,564749.6k $37.9m $37.9m 3.12% Added +30.3k +30,275
67 Flaharty Asset Management, LLC 4.73% of their portfolio CLEARWATER, FL 749,331749.3k $37.9m $37.9m 4.73% Reduced -52.6k -52,584
68 FMR LLC 0.00% of their portfolio BOSTON, MA 726,056726.1k $36.7m $36.7m 0.00% Added +75.1k +75,065
69 Evercore Wealth Management, LLC 0.53% of their portfolio New York, NY 709,587709.6k $35.9m $35.9m 0.53% Added +95.3k +95,259
70 Destiny Wealth Partners, LLC 4.13% of their portfolio TAVARES, FL 708,253708.3k $36.0m $36.0m 4.13% Reduced -205.7k -205,691
71 Sowell Financial Services LLC 1.29% of their portfolio NORTH LITTLE ROCK, AR 696,333696.3k $35.2m $35.2m 1.29% Added +32.2k +32,156
72 CX Institutional 0.98% of their portfolio AUBURN, IN 649,847649.8k $32.9m $32.9m 0.98% Added +6.7k +6,660
73 Drake & Associates, LLC 6.42% of their portfolio WAUKESHA, WI 636,875636.9k $32.2m $32.2m 6.42% Added +57.1k +57,078
74 Diesslin Group, Inc. 12.60% of their portfolio FORT WORTH, TX 626,919626.9k $31.7m $31.7m 12.60% First filing
75 Clearstead Advisors, LLC 0.40% of their portfolio CLEVELAND, OH 623,251623.3k $31.5m $31.5m 0.40% Added +101.7k +101,721
76 Aprio Wealth Management, LLC 1.79% of their portfolio ATLANTA, GA 617,791617.8k $31.2m $31.2m 1.79% Added +43.4k +43,380
77 NOTTINGHAM ADVISORS, INC. 4.26% of their portfolio AMHERST, NY 604,274604.3k $30.6m $30.6m 4.26% Added +10.2k +10,170
78 J.W. COLE ADVISORS, INC. 0.73% of their portfolio TAMPA, FL 597,554597.6k $30.2m $30.2m 0.73% Added +82.7k +82,650
79 EP Wealth Advisors, LLC 0.16% of their portfolio TORRANCE, CA 595,764595.8k $30.1m $30.1m 0.16% First filing
80 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 595,273595.3k $30.1m $30.1m 0.07% Added +56.6k +56,589
81 Endurance Services Ltd 5.31% of their portfolio PURCHASE, NY 592,887592.9k $30.0m $30.0m 5.31% Reduced -7.1k -7,113
82 Syntegra Private Wealth Group, LLC 2.74% of their portfolio Chesterfield, MO 590,941590.9k $29.9m $29.9m 2.74% Reduced -27.6k -27,559
83 Virtue Capital Management, LLC 4.55% of their portfolio BRENTWOOD, TN 583,761583.8k $29.5m $29.5m 4.55% Added +581.3k +581,335
84 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 4.63% of their portfolio BETHLEHEM, PA 564,632564.6k $28.6m $28.6m 4.63% Added +15.0k +14,995
85 Brookstone Capital Management 0.32% of their portfolio WHEATON, IL 559,725559.7k $28.3m $28.3m 0.32% Reduced -1.1m -1,143,247
86 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 557,700557.7k $28.2m $28.2m 0.04% Reduced -15.4k -15,367
87 ALBION FINANCIAL GROUP /UT 1.75% of their portfolio SALT LAKE CITY, UT 555,134555.1k $28.1m $28.1m 1.75% Added +21.2k +21,224
88 FOSTER & MOTLEY INC 1.50% of their portfolio CINCINNATI, OH 554,696554.7k $28.1m $28.1m 1.50% Added +37.6k +37,561
89 AlphaCore Capital LLC 0.63% of their portfolio LA JOLLA, CA 551,232551.2k $27.9m $27.9m 0.63% Added +551.1k +551,097
90 Leslie Global Wealth, LLC 12.40% of their portfolio Itasca, IL 544,992545.0k $27.6m $27.6m 12.40% Added +22.8k +22,825
91 49 WEALTH MANAGEMENT, LLC 2.23% of their portfolio AUSTIN, TX 542,781542.8k $27.5m $27.5m 2.23% Added +20.5k +20,490
92 Waldron Private Wealth LLC 1.08% of their portfolio BRIDGEVILLE, PA 542,489542.5k $27.4m $27.4m 1.08% Added +55.1k +55,150
93 INDEPENDENT FINANCIAL GROUP, LLC 0.61% of their portfolio SAN DIEGO, CA 537,230537.2k $27.2m $27.2m 0.61% Added +114.4k +114,364
94 HIGHLINE WEALTH PARTNERS LLC 7.41% of their portfolio SHERMAN OAKS, CA 521,073521.1k $26.4m $26.4m 7.41% Added +73.0k +73,045
95 TT Capital Management LLC 20.80% of their portfolio Gilbert, AZ 515,885515.9k $26.1m $26.1m 20.80% Reduced -16.3k -16,311
96 Sanchez Wealth Management Group 5.43% of their portfolio JACKSONVILLE, FL 501,817501.8k $25.4m $25.4m 5.43% Added +143.1k +143,125
97 Apollo Management Holdings, L.P. 0.25% of their portfolio New York, NY 500,000500.0k $25.3m $25.3m 0.25% New
98 MGO ONE SEVEN LLC 0.51% of their portfolio Beachwood, OH 497,172497.2k $25.1m $25.1m 0.51% Added +36.6k +36,572
99 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 493,400493.4k $25.0m $25.0m 0.02% New
100 Arax Advisory Partners 0.72% of their portfolio NEW YORK, NY 490,144490.1k $24.8m $24.8m 0.72% Reduced -19.9k -19,937