Please ensure Javascript is enabled for purposes of website accessibility Concentrated All Cap Growth Managed Account - Janus Henderson Investors
For Financial Professionals in the US

Concentrated All Cap Growth Managed Account

We believe our differentiated view from the market drives growth where growth is scarce, positioning our investments to outperform the index over time

Overview

ABOUT THIS PORTFOLIO

Concentrated all-cap growth portfolio, leveraging our three decades of experience in high-conviction investing. By investing in our best wide-moat ideas, the Portfolio seeks to add excess returns over the long term. Given its concentrated nature, the Portfolio may exhibit moderately higher volatility than its benchmark.

WHY INVEST

High-Conviction Approach
Fundamental research-driven approach, investing with conviction in 30 to 50 of our best all-cap growth ideas where we believe we have a differentiated view from the market.

Innovative Wide-Moat Companies
Seeks companies with sustainable competitive advantages that capitalize on their competitive moat to grow market share globally over a multi-year period. Emphasizes dominant companies driving innovation and change through disruptive technologies, products or business models.

Stock Selection Drives Return
Stock picker’s portfolio designed to deliver long-term growth of capital with a high-conviction approach. Seeks to use risk wisely, leveraging our best ideas in a concentrated portfolio to drive potential outperformance of the index over time.

PORTFOLIO MANAGEMENT

Doug Rao

Portfolio Manager

Industry since 1998. Joined Firm in 2013.

Nick Schommer, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2013.

Brian Recht

Co-Portfolio Manager | Research Analyst

Industry since 2011. Joined Firm in 2015.

Performance

RETURNS (%) (As of 12/31/2023)
Composite Pure Gross Composite Net Russell 3000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2005)
Composite Pure Gross 15.27 39.65 39.65 3.95 16.27 13.89 13.00
Composite Net 14.46 35.68 35.68 0.92 12.91 10.60 9.73
Russell 3000® Growth Index 14.09 41.21 41.21 8.08 18.85 14.33 11.32
RETURNS (%) (As of 01/31/2024)
Composite Pure Gross Composite Net Russell 3000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(01/01/2005)
Composite Pure Gross 21.74 3.66 33.86 5.76 14.88 14.58 13.15
Composite Net 20.90 3.42 30.04 2.68 11.56 11.27 9.87
Russell 3000® Growth Index 18.68 2.21 33.11 9.01 17.29 14.91 11.40
Calendar Year Returns (%)
Composite Pure Gross Composite Net Russell 3000® Growth Index
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Composite Pure Gross 39.65 -33.03 20.09 39.33 35.78 6.20 28.09 2.99 11.08 11.05
Composite Net 35.68 -35.06 16.63 35.36 31.92 3.11 24.43 -0.02 7.86 7.83
Russell 3000® Growth Index 41.21 -28.97 25.85 38.26 35.85 -2.12 29.59 7.39 5.10 12.44

RETURNS-BASED STATISTICS (Composite As of 01/31/2024)

RISK / REWARD
VS. Russell 3000 Growth TR
3YR 5YR
Information Ratio -0.56 -0.45
Alpha -2.90 -1.68
Tracking Error 5.31 4.52
Beta 1.00 0.97
R-squared (%) 93.74 95.11
UP/DOWN MARKET CAPTURE (%)
VS. Russell 3000 Growth TR
3YR 5YR
Up Capture Ratio 95.07 94.11
Down Capture Ratio 104.72 101.22
STANDARD DEVIATION 3YR 5YR
Concentrated All Cap Growth Managed Account 21.46 20.56
Russell 3000 Growth TR 20.63 20.55
SHARPE RATIO 3YR 5YR
Concentrated All Cap Growth Managed Account 0.15 0.62
Russell 3000 Growth TR 0.31 0.73

Portfolio

Index represents the Russell 3000® Growth Index

Top Holdings (As of 01/31/2024)
% of Rep Account
Microsoft Corp 10.73
Amazon.com Inc 6.35
Mastercard Inc 5.63
Apple Inc 5.60
Meta Platforms Inc 5.42
NVIDIA Corp 5.18
Alphabet Inc 4.19
Workday Inc 3.42
ASML Holding NV 3.24
Teleflex Inc 3.00
Total 52.76
View full holdings
Portfolio Characteristics (As of 01/31/2024)
  REP ACCOUNT INDEX
Number of Holdings
Equity Issues
37 1512
Market Capitalization
Weighted Average
$872.43B $1,032.54B
Portfolio Turnover Rate
(1-year trailing)
35.44% -
Price/Earnings Ratio
(1-year forward)
26.22 26.02
Price/Book Ratio
7.78 10.29
Earnings Growth Rate
(1-year forward)
19.37% 20.56%
Sector Allocation % OF REP ACCOUNT % of Index % OF REP ACCOUNT % of Index (As of 01/31/2024)
Regional Allocation % OF REP ACCOUNT % of Index % OF REP ACCOUNT % of Index (As of 01/31/2024)
Market Capitalization Range of Equity Holdings % OF REP ACCOUNT % of Index % OF REP ACCOUNT % of Index (As of 01/31/2024)
Developed vs Emerging Markets % OF REP ACCOUNT % of Index % OF REP ACCOUNT % of Index (As of 01/31/2024)

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