JANUS HENDERSON GROUP PLC

Janus Henderson Group closed Q1 2026 with $209.4B in 13F assets, down from $223.3B, as the manager pared back the very megacaps that anchor its book. NVIDIA (6.88%) remains the largest holding even after a $976M trim, while Microsoft saw the quarter's heaviest cut at roughly $4.1B, followed by Amazon, Oracle and Broadcom. The freed capital flowed toward new positions in AstraZeneca ($2.3B), GE Vernova ($1.3B) and BioAtla, alongside adds in Lam Research, Micron and Johnson & Johnson — a measured rotation away from crowded software toward healthcare, power and semiconductor equipment.