Vault-13

JANUS DETROIT STR TR JAAA

HENDRSON AAA CL · ETP · CUSIP 47103U845

841 institutional holders -4 vs Q4 2025
357,101,529357.1m shares reported held*
$18.0bnreported value*
82 new 440 added 256 reduced 78 sold out net bought ≈ $1.8bn (+34.8m 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 ($67.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.40. Options: 1 managers hold calls ($2.4m notional), 2 hold puts ($2.8m).

Trends to Q1 2026

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: 845Q1 26: 841841Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026841

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q4 25: 480 bought or addedQ4 25: 312 cut or sold outQ1 26: 522 bought or addedQ1 26: 334 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024375108
Q3 2024401159
Q4 2024476162
Q1 2025533221
Q2 2025479306
Q3 2025508283
Q4 2025480312
Q1 2026522334

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 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 0.31Q1 26 calls: $2.4mQ1 26 puts: $2.8mQ1 26P/C 1.13
Numbers
QuarterCallsPutsP/C
Q2 2025$3.4m$10.2k0.00
Q3 2025$4.2m$71.1k0.02
Q4 2025$2.4m$763.8k0.31
Q1 2026$2.4m$2.8m1.13

Biggest buyers

Allianz SE Added +13,741,300+13.7m
BANK OF AMERICA CORP /DE/ Added +10,199,976+10.2m
BARINGS LLC Added +6,909,176+6.9m
JANUS HENDERSON GROUP PLC Added +1,775,654+1.8m
Focus Partners Wealth Added +1,117,640+1.1m
AMERIPRISE FINANCIAL INC Added +849,886+849.9k
Cetera Investment Advisers Added +771,344+771.3k
State of Tennessee, Department of Treasury Added +693,046+693.0k
New England Private Wealth Advisors LLC New +632,115+632.1k
COMMONWEALTH EQUITY SERVICES, LLC Added +576,411+576.4k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -3,869,977-3.9m
Janney Montgomery Scott LLC Sold out -1,529,745-1.5m
Kestra Investment Management, LLC Reduced -1,491,007-1.5m
STATE OF WISCONSIN INVESTMENT BOARD Sold out -1,000,000-1.0m
COMMERCE BANK Reduced -788,357-788.4k
Advance Capital Management, Inc. Reduced -615,788-615.8k
WELLS FARGO & COMPANY/MN Reduced -569,046-569.0k
Leslie Global Wealth, LLC Sold out -544,992-545.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -535,815-535.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -521,993-522.0k

Biggest calls

CITADEL ADVISORS LLC Added $2.4m48.5k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.9m38.3k shares
Belvedere Trading LLC New $836.1k16.6k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 40,377,74040.4m $2.0bn $2.0bn 0.15% Added +10.2m +10,199,976
2 Allianz SE 22.40% of their portfolio Munich, 2M 40,102,13240.1m $2.0bn $2.0bn 22.40% Added +13.7m +13,741,300
3 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 20,849,30620.8m $1.1bn $1.1bn 0.06% Added +233.3k +233,296
4 LPL Financial LLC 0.18% of their portfolio FORT MILL, SC 13,252,37613.3m $667.5m $667.5m 0.18% Reduced -20.4k -20,360
5 BARINGS LLC 10.50% of their portfolio CHARLOTTE, NC 12,909,17612.9m $650.2m $650.2m 10.50% Added +6.9m +6,909,176
6 Focus Partners Wealth 0.53% of their portfolio ST LOUIS, MO 9,346,5249.3m $472.3m $472.3m 0.53% Added +1.1m +1,117,640
7 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 7,269,5307.3m $366.2m $366.2m 0.11% Added +353.6k +353,580
8 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 6,888,6696.9m $347.0m $347.0m 0.07% Reduced -569.0k -569,046
9 UBS Group AG 0.06% of their portfolio ZURICH, V8 6,848,4796.8m $345.0m $345.0m 0.06% Added +288.2k +288,229
10 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 6,343,6696.3m $319.5m $319.5m 0.09% Reduced -522.0k -521,993
11 Cetera Investment Advisers 0.30% of their portfolio SCHAUMBURG, IL 5,552,5255.6m $279.7m $279.7m 0.30% Added +771.3k +771,344
12 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 5,251,5095.3m $264.5m $264.5m 0.05% Added +563.8k +563,800
13 Sage Mountain Advisors LLC 18.23% of their portfolio ATLANTA, GA 5,170,7655.2m $260.5m $260.5m 18.23% Added +152.5k +152,469
14 KEYBANK NATIONAL ASSOCIATION/OH 0.86% of their portfolio BROOKLYN, OH 4,697,8464.7m $236.6m $236.6m 0.86% Added +194.0k +193,959
15 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 4,007,8524.0m $201.7m $201.7m 0.05% Added +849.9k +849,886
16 ARCH CAPITAL GROUP LTD. 68.37% of their portfolio PEMBROKE, D0 3,941,6653.9m $198.5m $198.5m 68.37% Unchanged
17 HighTower Advisors, LLC 0.20% of their portfolio CHICAGO, IL 3,823,3153.8m $192.6m $192.6m 0.20% Reduced -317.2k -317,190
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 3,800,4883.8m $191.4m $191.4m 0.03% Added +87.5k +87,544
19 MIDLAND WEALTH ADVISORS, LLC 9.28% of their portfolio EFFINGHAM, IL 3,574,0153.6m $180.0m $180.0m 9.28% Added +163.6k +163,627
20 SIGNATUREFD, LLC 2.68% of their portfolio ATLANTA, GA 3,466,1553.5m $174.6m $174.6m 2.68% Added +132.0k +131,963
21 Kestra Advisory Services, LLC 0.61% of their portfolio AUSTIN, TX 3,217,4183.2m $162.1m $162.1m 0.61% Added +528.6k +528,630
22 JANUS HENDERSON GROUP PLC 0.07% of their portfolio LONDON, X0 2,941,9732.9m $148.2m $148.2m 0.07% Added +1.8m +1,775,654
23 Mariner, LLC 0.17% of their portfolio Overland Park, KS 2,819,1462.8m $142.0m $142.0m 0.17% Added +9.0k +9,038
24 Modern Wealth Management, LLC 2.38% of their portfolio KANSAS CITY, MO 2,755,6852.8m $138.8m $138.8m 2.38% Added +135.2k +135,184
25 RiverFront Investment Group, LLC 2.06% of their portfolio RICHMOND, VA 2,642,9552.6m $133.1m $133.1m 2.06% Added +37.8k +37,801
26 AE Wealth Management LLC 0.72% of their portfolio TOPEKA, KS 2,640,4862.6m $133.0m $133.0m 0.72% Added +108.8k +108,777
27 OSAIC HOLDINGS, INC. 0.18% of their portfolio SCOTTSDALE, AZ 2,478,9412.5m $124.9m $124.9m 0.18% Added +38.4k +38,391
28 1900 WEALTH MANAGEMENT LLC 7.96% of their portfolio SAN ANTONIO, TX 2,456,7492.5m $124.0m $124.0m 7.96% Added +17.4k +17,363
29 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,301,4932.3m $115.9m $115.9m 0.01% Reduced -906 -906
30 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 2,256,5762.3m $113.7m $113.7m 0.15% Added +74.3k +74,297
31 GREENLEAF TRUST 1.11% of their portfolio KALAMAZOO, MI 2,249,8152.2m $113.3m $113.3m 1.11% Added +400.8k +400,816
32 TruWealth Advisors, LLC 5.29% of their portfolio Metairie, LA 2,186,9842.2m $110.2m $110.2m 5.29% Added +70.5k +70,542
33 Cambridge Investment Research Advisors, Inc. 0.27% of their portfolio FAIRFIELD, IA 2,099,1662.1m $105.7m $105.7m 0.27% Added +161.9k +161,879
34 Haverford Trust Co 0.90% of their portfolio Radnor, PA 1,959,9632.0m $98.7m $98.7m 0.90% Added +163.2k +163,193
35 ADVISORS MANAGEMENT GROUP INC /ADV 17.60% of their portfolio LA CROSSE, WI 1,917,0311.9m $96.6m $96.6m 17.60% Added +94.7k +94,718
36 Merit Financial Group, LLC 0.62% of their portfolio ALPHARETTA, GA 1,657,4521.7m $83.5m $83.5m 0.62% Added +79.0k +78,982
37 COMMONWEALTH EQUITY SERVICES, LLC 0.11% of their portfolio WALTHAM, MA 1,624,0721.6m $81.8m $81.8m 0.11% Added +576.4k +576,411
38 Obermeyer Wealth Partners 3.71% of their portfolio ASPEN, CO 1,598,3431.6m $80.5m $80.5m 3.71% Added +89.5k +89,545
39 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 1,493,3211.5m $75.2m $75.2m 0.07% Reduced -14.9k -14,886
40 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,450,5571.5m $73.1m $73.1m 0.01% Added +277.6k +277,588
41 Gradient Investments LLC 1.10% of their portfolio ARDEN HILLS, MN 1,407,3371.4m $70.9m $70.9m 1.10% Added +150.3k +150,314
42 SIMON QUICK ADVISORS, LLC 2.98% of their portfolio MORRISTOWN, NJ 1,294,5751.3m $65.2m $65.2m 2.98% Reduced -8.9k -8,918
43 Sanctuary Advisors, LLC 0.35% of their portfolio INDIANAPOLIS, IN 1,272,5541.3m $64.1m $64.1m 0.35% Added +143.9k +143,893
44 Advisor OS, LLC 4.30% of their portfolio CHICAGO, IL 1,178,2481.2m $59.3m $59.3m 4.30% Added +56.2k +56,222
45 &PARTNERS 0.29% of their portfolio NASHVILLE, TN 1,177,6251.2m $59.6m $59.6m 0.29% Added +46.9k +46,943
46 ATWOOD & PALMER INC 3.27% of their portfolio KANSAS CITY, MO 1,149,9031.1m $57.9m $57.9m 3.27% Added +43.4k +43,395
47 MJP ASSOCIATES INC /ADV 6.99% of their portfolio FARMINGTON, CT 1,142,9291.1m $57.6m $57.6m 6.99% Added +33.5k +33,461
48 FMR LLC 0.00% of their portfolio BOSTON, MA 1,086,7741.1m $54.7m $54.7m 0.00% Added +360.7k +360,718
49 COMMERCE BANK 0.26% of their portfolio KANSAS CITY, MO 1,079,9491.1m $54.4m $54.4m 0.26% Reduced -788.4k -788,357
50 Private Advisor Group, LLC 0.25% of their portfolio MORRISTOWN, NJ 1,051,5361.1m $53.0m $53.0m 0.25% Reduced -118.0k -118,020
51 EP Wealth Advisors, LLC 0.26% of their portfolio TORRANCE, CA 1,046,7481.0m $52.7m $52.7m 0.26% Added +451.0k +450,984
52 Ameritas Advisory Services, LLC 2.00% of their portfolio Lincoln, NE 1,023,3781.0m $51.5m $51.5m 2.00% Added +33.7k +33,731
53 INSPIRION WEALTH ADVISORS, LLC 6.42% of their portfolio LIBERTYVILLE, IL 1,022,7761.0m $51.5m $51.5m 6.42% Reduced -336.9k -336,884
54 Rockefeller Capital Management L.P. 0.09% of their portfolio NEW YORK, NY 996,991997.0k $50.2m $50.2m 0.09% Reduced -388.0k -387,967
55 Fragasso Financial Advisors Inc 2.96% of their portfolio SEWICKLEY, PA 970,719970.7k $49.0m $49.0m 2.96% Added +24.5k +24,464
56 EVERGREEN CAPITAL MANAGEMENT LLC 1.00% of their portfolio Bellevue, WA 913,080913.1k $46.2m $46.2m 1.00% Reduced -8.2k -8,224
57 Ancora Advisors LLC 0.96% of their portfolio Cleveland, OH 890,446890.4k $44.9m $44.9m 0.96% Added +94.5k +94,483
58 TRAPHAGEN INVESTMENT ADVISORS LLC 3.51% of their portfolio ORADELL, NJ 859,924859.9k $43.3m $43.3m 3.51% Added +110.4k +110,360
59 GREAT VALLEY ADVISOR GROUP, INC. 0.75% of their portfolio WILMINGTON, DE 817,279817.3k $41.2m $41.2m 0.75% Added +14.9k +14,903
60 ST GERMAIN D J CO INC 1.60% of their portfolio SPRINGFIELD, MA 804,803804.8k $40.5m $40.5m 1.60% Reduced -15.9k -15,894
61 State of Tennessee, Department of Treasury 0.13% of their portfolio NASHVILLE, TN 793,046793.0k $39.9m $39.9m 0.13% Added +693.0k +693,046
62 Evercore Wealth Management, LLC 0.61% of their portfolio New York, NY 775,551775.6k $39.1m $39.1m 0.61% Added +66.0k +65,964
63 Verdence Capital Advisors LLC 2.27% of their portfolio HUNT VALLEY, MD 774,368774.4k $39.0m $39.0m 2.27% Added +527.2k +527,232
64 Flaharty Asset Management, LLC 4.77% of their portfolio CLEARWATER, FL 762,225762.2k $38.4m $38.4m 4.77% Added +12.9k +12,894
65 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 754,826754.8k $38.0m $38.0m 0.06% Added +197.1k +197,126
66 NOTTINGHAM ADVISORS, INC. 4.89% of their portfolio AMHERST, NY 754,050754.0k $38.0m $38.0m 4.89% Added +149.8k +149,776
67 HIGHLINE WEALTH PARTNERS LLC 9.46% of their portfolio SHERMAN OAKS, CA 733,716733.7k $37.0m $37.0m 9.46% Added +212.6k +212,643
68 Sowell Financial Services LLC 1.34% of their portfolio NORTH LITTLE ROCK, AR 719,766719.8k $36.3m $36.3m 1.34% Added +23.4k +23,433
69 Drake & Associates, LLC 6.82% of their portfolio WAUKESHA, WI 710,008710.0k $35.8m $35.8m 6.82% Added +73.1k +73,133
70 Hilton Capital Management, LLC 2.67% of their portfolio Garden City, NY 700,988701.0k $35.3m $35.3m 2.67% Reduced -69.1k -69,094
71 Destiny Wealth Partners, LLC 3.82% of their portfolio TAVARES, FL 693,764693.8k $34.9m $34.9m 3.82% Reduced -14.5k -14,489
72 Aprio Wealth Management, LLC 1.82% of their portfolio ATLANTA, GA 660,550660.5k $33.3m $33.3m 1.82% Added +42.8k +42,759
73 CX Institutional 1.01% of their portfolio AUBURN, IN 659,851659.9k $33.2m $33.2m 1.01% Added +10.0k +10,004
74 J.W. COLE ADVISORS, INC. 1.11% of their portfolio TAMPA, FL 654,069654.1k $32.9m $32.9m 1.11% Added +56.5k +56,515
75 Delphi Financial Group, Inc. 14.70% of their portfolio Wilmington, DE 646,695646.7k $32.6m $32.6m 14.70% Reduced -200.0k -200,000
76 Arax Advisory Partners 0.92% of their portfolio NEW YORK, NY 643,662643.7k $32.4m $32.4m 0.92% Added +153.5k +153,518
77 Ocean Park Asset Management, LLC 1.86% of their portfolio SANTA MONICA, CA 639,900639.9k $32.2m $32.2m 1.86% Added +286.3k +286,300
78 Diesslin Group, Inc. 14.47% of their portfolio FORT WORTH, TX 637,921637.9k $32.1m $32.1m 14.47% Added +11.0k +11,002
79 Clearstead Advisors, LLC 0.29% of their portfolio CLEVELAND, OH 636,837636.8k $32.1m $32.1m 0.29% Added +13.6k +13,586
80 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 635,047635.0k $32.0m $32.0m 0.09% Added +39.8k +39,774
81 New England Private Wealth Advisors LLC 3.68% of their portfolio WELLESLEY, MA 632,115632.1k $31.8m $31.8m 3.68% New
82 Brookstone Capital Management 0.36% of their portfolio WHEATON, IL 619,099619.1k $31.2m $31.2m 0.36% Added +59.4k +59,374
83 Endurance Services Ltd 5.03% of their portfolio PURCHASE, NY 592,887592.9k $29.9m $29.9m 5.03% Unchanged
84 ALBION FINANCIAL GROUP /UT 1.88% of their portfolio SALT LAKE CITY, UT 577,735577.7k $29.1m $29.1m 1.88% Added +22.6k +22,601
85 FOSTER & MOTLEY INC 1.49% of their portfolio CINCINNATI, OH 574,201574.2k $28.9m $28.9m 1.49% Added +19.5k +19,505
86 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 4.46% of their portfolio BETHLEHEM, PA 574,143574.1k $28.9m $28.9m 4.46% Added +9.5k +9,511
87 Talon Private Wealth, LLC 3.83% of their portfolio THE VILLAGES, FL 572,000572.0k $28.8m $28.8m 3.83% First filing
88 49 WEALTH MANAGEMENT, LLC 2.15% of their portfolio AUSTIN, TX 571,207571.2k $28.8m $28.8m 2.15% Added +28.4k +28,426
89 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 569,919569.9k $28.7m $28.7m 0.06% Reduced -535.8k -535,815
90 Waldron Private Wealth LLC 1.06% of their portfolio BRIDGEVILLE, PA 539,424539.4k $27.2m $27.2m 1.06% Reduced -3.1k -3,065
91 INDEPENDENT FINANCIAL GROUP, LLC 0.61% of their portfolio SAN DIEGO, CA 535,660535.7k $27.0m $27.0m 0.61% Reduced -1.6k -1,570
92 AlphaCore Capital LLC 0.64% of their portfolio LA JOLLA, CA 535,288535.3k $27.1m $27.1m 0.64% Reduced -15.9k -15,944
93 FIRETHORN WEALTH PARTNERS, LLC 9.89% of their portfolio AUGUSTA, GA 535,099535.1k $27.0m $27.0m 9.89% Added +78.7k +78,665
94 Sanchez Wealth Management Group 5.74% of their portfolio JACKSONVILLE, FL 527,182527.2k $26.6m $26.6m 5.74% Added +25.4k +25,365
95 Apollo Management Holdings, L.P. 0.42% of their portfolio New York, NY 500,000500.0k $25.2m $25.2m 0.42% Unchanged
96 BARD ASSOCIATES INC 6.34% of their portfolio CHICAGO, IL 499,892499.9k $25.3m $25.3m 6.34% Added +171.6k +171,636
97 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 493,400493.4k $24.9m $24.9m 0.02% Unchanged
98 KESTRA PRIVATE WEALTH SERVICES, LLC 0.30% of their portfolio AUSTIN, TX 481,095481.1k $24.2m $24.2m 0.30% Reduced -2.8k -2,787
99 Bell Bank 1.02% of their portfolio FARGO, ND 477,660477.7k $24.1m $24.1m 1.02% Added +238.8k +238,811
100 Stratos Wealth Partners, LTD. 0.27% of their portfolio BEACHWOOD, OH 477,000477.0k $24.0m $24.0m 0.27% Reduced -5.2k -5,248