Vault-13

JANUS DETROIT STR TR JMBS

HENDERSON MTG · ETP · CUSIP 47103U852

232 institutional holders +12 vs Q2 2025
128,680,180128.7m shares reported held*
$5.9bnreported value*
36 new 121 added 57 reduced 19 sold out net bought ≈ $824.4m (+18.1m 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 ($2.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.67. Options: 1 managers hold calls ($493.2k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 92Q4 22: 96Q1 23: 102Q2 23: 116Q3 23: 127Q4 23: 164Q1 24: 171Q2 24: 201Q3 24: 204Q4 24: 214Q1 25: 226Q2 25: 220Q3 25: 232232Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202292
Q4 202296
Q1 2023102
Q2 2023116
Q3 2023127
Q4 2023164
Q1 2024171
Q2 2024201
Q3 2024204
Q4 2024214
Q1 2025226
Q2 2025220
Q3 2025232

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 123 bought or addedQ4 23: 35 cut or sold outQ1 24: 112 bought or addedQ1 24: 65 cut or sold outQ1 24Q2 24: 124 bought or addedQ2 24: 64 cut or sold outQ3 24: 123 bought or addedQ3 24: 82 cut or sold outQ3 24Q4 24: 120 bought or addedQ4 24: 90 cut or sold outQ1 25: 154 bought or addedQ1 25: 77 cut or sold outQ1 25Q2 25: 127 bought or addedQ2 25: 101 cut or sold outQ3 25: 157 bought or addedQ3 25: 76 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202312335
Q1 202411265
Q2 202412464
Q3 202412382
Q4 202412090
Q1 202515477
Q2 2025127101
Q3 202515776

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 24 calls: $66.3kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $176.3kQ1 25 puts: $140.1kQ1 25P/C 0.79Q2 25 calls: $400.9kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $493.2kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$66.3k$00.00
Q1 2025$176.3k$140.1k0.79
Q2 2025$400.9k$00.00
Q3 2025$493.2k$00.00

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +13,477,484+13.5m
OSAIC HOLDINGS, INC. Added +2,778,680+2.8m
MORGAN STANLEY Added +1,087,802+1.1m
ENVESTNET ASSET MANAGEMENT INC Added +598,927+598.9k
Modern Wealth Management, LLC Added +548,655+548.7k
GREAT VALLEY ADVISOR GROUP, INC. New +536,599+536.6k
RAYMOND JAMES FINANCIAL INC Added +429,083+429.1k
WELLS FARGO & COMPANY/MN Added +367,221+367.2k
Haverford Trust Co Added +359,662+359.7k
Corient Private Wealth LP Added +334,213+334.2k

Biggest sellers

BAILARD, INC. Reduced -1,344,471-1.3m
Richard Bernstein Advisors LLC Reduced -1,323,021-1.3m
ROYAL BANK OF CANADA Reduced -944,750-944.8k
Parcion Private Wealth LLC Sold out -732,374-732.4k
Kestra Investment Management, LLC Reduced -622,502-622.5k
Advance Capital Management, Inc. Reduced -565,619-565.6k
Rockefeller Capital Management L.P. Reduced -306,585-306.6k
True North Advisors, LLC Sold out -269,270-269.3k
Leo Wealth, LLC Reduced -236,054-236.1k
INSPIRION WEALTH ADVISORS, LLC Reduced -193,642-193.6k

Biggest calls

CITADEL ADVISORS LLC Added $493.2k10.8k shares

Biggest puts

None

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 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio SAN FRANCISCO, CA 21,528,51721.5m $983.2m $983.2m 0.16% Added +13.5m +13,477,484
2 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 21,292,87421.3m $972.4m $972.4m 0.06% Added +1.1m +1,087,802
3 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 18,331,36718.3m $837.2m $837.2m 0.06% Added +112.7k +112,695
4 Richard Bernstein Advisors LLC 11.68% of their portfolio NEW YORK, NY 8,951,9569.0m $409.7m $409.7m 11.68% Reduced -1.3m -1,323,021
5 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 3,495,9893.5m $159.7m $159.7m 0.05% Added +429.1k +429,083
6 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 3,109,0313.1m $142.0m $142.0m 0.04% Added +598.9k +598,927
7 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 3,020,5313.0m $137.9m $137.9m 0.19% Added +2.8m +2,778,680
8 Haverford Trust Co 1.16% of their portfolio Radnor, PA 2,824,1872.8m $129.0m $129.0m 1.16% Added +359.7k +359,662
9 NorthCoast Asset Management LLC 0.46% of their portfolio STAMFORD, CT 2,594,0642.6m $118.5m $118.5m 0.46% Added +125.6k +125,616
10 Gradient Investments LLC 1.63% of their portfolio ARDEN HILLS, MN 2,138,8132.1m $97.7m $97.7m 1.63% Added +150.7k +150,680
11 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,064,1432.1m $94.3m $94.3m 0.02% Added +66.5k +66,464
12 Corient Private Wealth LP 0.13% of their portfolio MIAMI, FL 1,800,7841.8m $82.2m $82.2m 0.13% Added +334.2k +334,213
13 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,761,4511.8m $80.4m $80.4m 0.02% Added +367.2k +367,221
14 FOSTER & MOTLEY INC 4.24% of their portfolio CINCINNATI, OH 1,721,8101.7m $78.6m $78.6m 4.24% Added +219.3k +219,336
15 Madison Asset Management, LLC 0.83% of their portfolio MADISON, WI 1,641,1201.6m $74.9m $74.9m 0.83% Reduced -85.4k -85,427
16 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,496,1301.5m $68.3m $68.3m 0.01% Reduced -944.8k -944,750
17 Pallas Capital Advisors LLC 2.48% of their portfolio BRAINTREE, MA 1,473,8921.5m $67.3m $67.3m 2.48% Added +65.6k +65,562
18 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,455,4141.5m $66.5m $66.5m 0.02% Added +164.4k +164,420
19 Parallel Advisors, LLC 1.20% of their portfolio SAN FRANCISCO, CA 1,429,7061.4m $65.3m $65.3m 1.20% Added +140.6k +140,630
20 Modern Wealth Management, LLC 1.27% of their portfolio KANSAS CITY, MO 1,401,8141.4m $64.0m $64.0m 1.27% Added +548.7k +548,655
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,261,7481.3m $57.6m $57.6m 0.01% Added +287.2k +287,178
22 CAPITAL ADVISORS INC/OK 0.82% of their portfolio TULSA, OK 1,079,5161.1m $49.3m $49.3m 0.82% Reduced -4.9k -4,912
23 Divergent Planning, LLC 10.61% of their portfolio BETHESDA, MD 874,439874.4k $39.9m $39.9m 10.61% Added +61.7k +61,696
24 CGN Advisors LLC 3.18% of their portfolio MANHATTAN, KS 846,287846.3k $38.6m $38.6m 3.18% Added +39.8k +39,763
25 SPC Financial, Inc. 2.97% of their portfolio ROCKVILLE, MD 832,692832.7k $38.0m $38.0m 2.97% Added +22.4k +22,372
26 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 713,097713.1k $32.6m $32.6m 0.04% Added +144.5k +144,455
27 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 651,432651.4k $29.8m $29.8m 0.04% Added +161.7k +161,728
28 ARVEST INVESTMENTS, INC. 3.99% of their portfolio LOWELL, AR 608,998609.0k $27.8m $27.8m 3.99% Reduced -28.9k -28,944
29 ALBION FINANCIAL GROUP /UT 1.65% of their portfolio SALT LAKE CITY, UT 597,809597.8k $27.3m $27.3m 1.65% Added +29.7k +29,680
30 Towneley Capital Management, Inc / DE 5.85% of their portfolio LAGUNA HILLS, CA 589,404589.4k $26.9m $26.9m 5.85% Added +11.2k +11,184
31 Horizon Investments, LLC 0.32% of their portfolio Charlotte, NC 544,287544.3k $24.6m $24.6m 0.32% Added +7.0k +6,985
32 GUGGENHEIM CAPITAL LLC 0.18% of their portfolio CHICAGO, IL 541,938541.9k $24.8m $24.8m 0.18% Added +142.9k +142,913
33 GREAT VALLEY ADVISOR GROUP, INC. 0.49% of their portfolio WILMINGTON, DE 536,599536.6k $24.5m $24.5m 0.49% New
34 Legacy Private Trust Co. 1.30% of their portfolio NEENAH, WI 475,162475.2k $21.7m $21.7m 1.30% Added +2.6k +2,628
35 Sage Mountain Advisors LLC 1.17% of their portfolio ATLANTA, GA 446,617446.6k $20.4m $20.4m 1.17% Added +55.4k +55,444
36 SeaBridge Investment Advisors LLC 3.20% of their portfolio SUMMIT, NJ 431,553431.6k $19.7m $19.7m 3.20% Added +111.0k +111,010
37 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 426,336426.3k $19.5m $19.5m 0.04% Reduced -306.6k -306,585
38 Kestra Investment Management, LLC 0.52% of their portfolio AUSTIN, TX 425,307425.3k $19.4m $19.4m 0.52% Reduced -622.5k -622,502
39 Moment Partners, LLC 3.43% of their portfolio SAN FRANCISCO, CA 424,135424.1k $19.4m $19.4m 3.43% Reduced -2.8k -2,766
40 Financial Enhancement Group LLC 2.55% of their portfolio ANDERSON, IN 416,664416.7k $19.0m $19.0m 2.55% Reduced -59.7k -59,663
41 Rise Advisors, LLC 5.90% of their portfolio ROCHESTER, NY 360,408360.4k $16.5m $16.5m 5.90% Added +24.7k +24,685
42 Pictet North America Advisors SA 1.50% of their portfolio GENEVA 73, V8 350,049350.0k $16.0m $16.0m 1.50% Added +48.2k +48,217
43 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 339,534339.5k $15.5m $15.5m 0.04% Added +97.1k +97,092
44 Asio Capital, LLC 2.30% of their portfolio LEXINGTON, KY 335,817335.8k $15.3m $15.3m 2.30% Added +76.2k +76,164
45 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 333,704333.7k $15.2m $15.2m 0.04% Reduced -8.8k -8,840
46 Envestnet Portfolio Solutions, Inc. 0.06% of their portfolio BERWYN, PA 328,182328.2k $15.0m $15.0m 0.06% Added +52.1k +52,117
47 INSPIRION WEALTH ADVISORS, LLC 2.11% of their portfolio LIBERTYVILLE, IL 323,608323.6k $15.1m $15.1m 2.11% Reduced -193.6k -193,642
48 AllGen Financial Advisors, Inc. 3.62% of their portfolio ORLANDO, FL 322,423322.4k $14.7m $14.7m 3.62% Added +24.2k +24,220
49 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 314,294314.3k $14.4m $14.4m 0.04% Added +12.4k +12,365
50 Blue Edge Capital, LLC 2.04% of their portfolio RICHMOND, VA 313,780313.8k $14.3m $14.3m 2.04% Reduced -2.7k -2,708
51 Goelzer Investment Management, Inc. 0.76% of their portfolio CARMEL, IN 312,266312.3k $14.3m $14.3m 0.76% Added +971 +971
52 Brookstone Capital Management 0.15% of their portfolio WHEATON, IL 278,166278.2k $12.7m $12.7m 0.15% Reduced -27.2k -27,195
53 Pine Valley Investments Ltd Liability Co 0.64% of their portfolio MARLTON, NJ 267,500267.5k $12.2m $12.2m 0.64% Added +15.3k +15,328
54 Focused Wealth Management, Inc 1.30% of their portfolio Newburgh, NY 263,902263.9k $12.1m $12.1m 1.30% Added +24.2k +24,245
55 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 261,853261.9k $11.9m $11.9m 0.04% Added +126.5k +126,465
56 Secure Asset Management, LLC 1.96% of their portfolio Troy, MI 260,226260.2k $11.9m $11.9m 1.96% Added +46.6k +46,623
57 SEVEN MILE ADVISORY 1.90% of their portfolio TALLAHASSEE, FL 257,431257.4k $11.8m $11.8m 1.90% New
58 Fourth Dimension Wealth, LLC 4.47% of their portfolio MIDDLEBURG HEIGHTS, OH 256,457256.5k $11.7m $11.7m 4.47% Added +20.2k +20,229
59 Allen Capital Group, LLC 1.10% of their portfolio GRAND ISLAND, NE 253,210253.2k $11.6m $11.6m 1.10% Added +28.5k +28,469
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 239,292239.3k $10.9m $10.9m 0.02% Added +90.5k +90,528
61 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 217,040217.0k $9.9m $9.9m 0.01% Added +156.3k +156,298
62 STANSBERRY ASSET MANAGEMENT, LLC 0.97% of their portfolio Westlake, TX 203,360203.4k $9.3m $9.3m 0.97% Reduced -97.1k -97,063
63 ROSENBLUM SILVERMAN SUTTON S F INC /CA 2.07% of their portfolio SAN FRANCISCO, CA 198,170198.2k $9.1m $9.1m 2.07% Added +59.0k +58,975
64 Sage Advisory Services, Ltd.Co. 4.49% of their portfolio AUSTIN, TX 187,492187.5k $8.6m $8.6m 4.49% Added +176.3k +176,283
65 Symphony Financial Services, Inc. 4.16% of their portfolio AKRON, OH 169,233169.2k $7.7m $7.7m 4.16% Added +4.1k +4,062
66 ELEVATION POINT WEALTH PARTNERS, LLC 0.54% of their portfolio DENVER, CO 168,653168.7k $7.7m $7.7m 0.54% New
67 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 161,941161.9k $7.4m $7.4m 0.01% Added +17.0k +16,998
68 WESPAC Advisors SoCal, LLC 1.47% of their portfolio Pasadena, CA 158,238158.2k $7.2m $7.2m 1.47% Added +3.4k +3,443
69 Leo Wealth, LLC 0.93% of their portfolio HURST, TX 156,252156.3k $7.1m $7.1m 0.93% Reduced -236.1k -236,054
70 Seed Wealth Management, Inc. 4.72% of their portfolio EVANSTON, IL 149,544149.5k $6.8m $6.8m 4.72% Added +1.8k +1,766
71 GENESIS PRIVATE WEALTH, LLC 2.82% of their portfolio ASHBURN, VA 146,916146.9k $6.7m $6.7m 2.82% New
72 LINCOLN CAPITAL CORP 2.33% of their portfolio EAST GREENWICH, RI 141,800141.8k $6.5m $6.5m 2.33% Added +4.9k +4,938
73 Cornerstone Wealth Group, LLC 0.42% of their portfolio HUNTERSVILLE, NC 137,261137.3k $6.3m $6.3m 0.42% Added +5.2k +5,163
74 IVC Wealth Advisors LLC 2.56% of their portfolio SILVERDALE, PA 125,390125.4k $5.7m $5.7m 2.56% Added +34.3k +34,321
75 MONECO ADVISORS, LLC 0.48% of their portfolio FAIRFIELD, CT 124,818124.8k $5.7m $5.7m 0.48% Added +33.3k +33,261
76 Unique Wealth Strategies, LLC 2.15% of their portfolio BURR RIDGE, IL 119,688119.7k $5.5m $5.5m 2.15% Added +1.2k +1,195
77 Ancora Advisors LLC 0.11% of their portfolio Cleveland, OH 114,860114.9k $5.2m $5.2m 0.11% Added +17.8k +17,825
78 FDx Advisors, Inc. 1.51% of their portfolio BERWYN, PA 109,697109.7k $5.0m $5.0m 1.51% Added +77.1k +77,093
79 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 104,700104.7k $4.8m $4.8m 0.01% New
80 Three Magnolias Financial Advisors, LLC 2.89% of their portfolio WINSTON-SALEM, NC 101,565101.6k $4.6m $4.6m 2.89% Added +6.3k +6,307
81 Transamerica Financial Advisors, LLC 0.38% of their portfolio CEDAR RAPIDS, IA 100,786100.8k $4.6m $4.6m 0.38% Reduced -625 -625
82 Brown Financial Advisors 1.62% of their portfolio MILFORD, OH 95,95596.0k $4.4m $4.4m 1.62% Added +4.9k +4,899
83 Rothschild Wealth LLC 0.92% of their portfolio OAK BROOK, IL 92,39292.4k $4.2m $4.2m 0.92% Added +5.9k +5,926
84 Destiny Wealth Partners, LLC 0.49% of their portfolio TAVARES, FL 87,40587.4k $4.0m $4.0m 0.49% Reduced -613 -613
85 KWB Wealth 0.42% of their portfolio REDLANDS, CA 85,23985.2k $3.8m $3.8m 0.42% Added +6.8k +6,829
86 SHEPHERD KAPLAN KROCHUK, LLC 2.98% of their portfolio Boston, MA 79,39679.4k $3.6m $3.6m 2.98% Reduced -15.6k -15,570
87 Paladin Wealth, LLC 2.61% of their portfolio ARDEN HILLS, MN 78,71978.7k $3.6m $3.6m 2.61% Added +824 +824
88 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 77,89477.9k $3.6m $3.6m 0.04% Reduced -9.5k -9,470
89 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.67% of their portfolio LEAWOOD, KS 76,01576.0k $3.5m $3.5m 0.67% Added +12.6k +12,558
90 COMERICA BANK 0.01% of their portfolio DALLAS, TX 74,93174.9k $3.4m $3.4m 0.01% Added +1.1k +1,129
91 BAILARD, INC. 0.07% of their portfolio Foster City, CA 74,48074.5k $3.4m $3.4m 0.07% Reduced -1.3m -1,344,471
92 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 72,06372.1k $3.3m $3.3m 0.02% Added +12.2k +12,167
93 Apollon Wealth Management, LLC 0.06% of their portfolio MOUNT PLEASANT, SC 69,66869.7k $3.2m $3.2m 0.06% Reduced -1.5k -1,542
94 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 60,58260.6k $2.8m $2.8m 0.00% Reduced -2.7k -2,687
95 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 59,67359.7k $2.7m $2.7m 0.01% Added +4.2k +4,194
96 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 59,00059.0k $2.7m $2.7m 0.01% New
97 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 58,22058.2k $2.7m $2.7m 0.00% Reduced -55.3k -55,299
98 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 57,82557.8k $2.6m $2.6m 0.00% New
99 Sterneck Capital Management, LLC 1.22% of their portfolio KANSAS CITY, MO 57,35957.4k $2.6m $2.6m 1.22% New
100 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 57,22257.2k $2.6m $2.6m 0.03% Added +7.9k +7,870