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For Institutional Investors in the US

Small/Mid Cap Growth Alpha ETF Holdings

Full Portfolio Holdings

(As of November 20, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Medpace Holdings, Inc. MEDP US 58506Q109 - - 39,345 $23,062,465 $23,062,465 3.26 $23,062,465
Sanmina Corporation SANM US 801056102 - - 135,438 $19,564,019 $19,564,019 2.77 $19,564,019
BWX Technologies, Inc. BWXT US 05605H100 - - 98,881 $17,356,514 $17,356,514 2.45 $17,331,862
Halozyme Therapeutics, Inc. HALO US 40637H109 - - 245,075 $16,902,823 $16,902,823 2.38 $16,902,823
Installed Building Products, Inc. IBP US 45780R101 - - 65,600 $15,974,256 $15,974,256 2.25 $15,974,256
Clear Secure, Inc. Class A YOU US 18467V109 - - 445,395 $15,134,522 $15,134,522 2.14 $15,134,522
Argan, Inc. AGX US 04010E109 - - 42,610 $15,054,113 $15,054,113 2.12 $15,054,113
Jabil Inc. JBL US 466313103 - - 77,394 $14,903,712 $14,903,712 2.10 $14,897,571
TopBuild Corp. BLD US 89055F103 - - 36,435 $14,839,247 $14,839,247 2.09 $14,839,247
Primoris Services Corporation PRIM US 74164F103 - - 120,101 $14,019,390 $14,019,390 1.98 $14,019,390
Nexstar Media Group, Inc. NXST US 65336K103 - - 74,043 $13,891,918 $13,891,918 1.96 $13,755,709
Artisan Partners Asset Management, Inc. Class A APAM US 04316A108 - - 333,850 $13,792,269 $13,792,269 1.95 $13,500,894
AppFolio Inc Class A APPF US 03783C100 - - 62,117 $13,747,113 $13,747,113 1.94 $13,747,113
Gen Digital Inc. GEN US 668771108 - - 522,933 $13,692,464 $13,692,464 1.93 $13,627,634
Frontdoor, Inc. FTDR US 35905A109 - - 265,497 $13,147,411 $13,147,411 1.85 $13,147,411
Axcelis Technologies, Inc. ACLS US 054540208 - - 171,713 $12,727,368 $12,727,368 1.80 $12,727,368
Tidewater Inc TDW US 88642R109 - - 236,085 $12,370,854 $12,370,854 1.75 $12,370,854
Cal-Maine Foods, Inc. CALM US 128030202 - - 144,065 $12,333,405 $12,333,405 1.74 $12,333,405
Hamilton Lane Incorporated Class A HLNE US 407497106 - - 99,732 $12,054,607 $12,054,607 1.70 $12,054,607
StoneX Group Inc. SNEX US 861896108 - - 136,097 $11,478,421 $11,478,421 1.62 $11,478,421
Red Rock Resorts, Inc. Class A RRR US 75700L108 - - 209,019 $11,356,002 $11,356,002 1.60 $11,356,002
Astera Labs, Inc. ALAB US 04626A103 - - 75,972 $10,582,140 $10,582,140 1.49 $10,582,140
Credo Technology Group Holding Ltd. CRDO US G25457105 - - 78,074 $10,518,910 $10,518,910 1.48 $10,518,910
10x Genomics Inc Class A TXG US 88025U109 - - 631,373 $10,392,400 $10,392,400 1.47 $10,392,400
NAPCO Security Technologies, Inc. NSSC US 630402105 - - 271,469 $10,315,822 $10,315,822 1.46 $10,315,822
Sterling Infrastructure, Inc. STRL US 859241101 - - 31,087 $9,778,727 $9,778,727 1.38 $9,778,727
Nextpower Inc. Class A NXT US 65290E101 - - 111,483 $9,567,471 $9,567,471 1.35 $9,567,471
SoFi Technologies Inc SOFI US 83406F102 - - 378,077 $9,417,898 $9,417,898 1.33 $9,417,898
Moelis & Co. Class A MC US 60786M105 - - 152,940 $9,401,117 $9,401,117 1.33 $9,303,340
Pegasystems Inc. PEGA US 705573103 - - 179,266 $9,389,953 $9,389,953 1.32 $9,389,953
Aurinia Pharmaceuticals Inc. AUPH US 05156V102 - - 607,197 $9,192,963 $9,192,963 1.30 $9,192,963
Blue Bird Corporation BLBD US 095306106 - - 178,996 $9,088,522 $9,088,522 1.28 $9,088,522
Brink's Company BCO US 109696104 - - 79,583 $8,704,057 $8,704,057 1.23 $8,684,097
Centrus Energy Corp. Class A LEU US 15643U104 - - 34,983 $8,441,748 $8,441,748 1.19 $8,441,748
PJT Partners, Inc. Class A PJT US 69343T107 - - 51,352 $8,380,646 $8,380,646 1.18 $8,380,646
Rambus Inc. RMBS US 750917106 - - 95,702 $8,352,871 $8,352,871 1.18 $8,352,871
Bancorp Inc TBBK US 05969A105 - - 139,691 $8,308,821 $8,308,821 1.17 $8,308,821
Lazard Inc LAZ US 52110M109 - - 178,516 $8,254,580 $8,254,580 1.16 $8,254,580
Rigel Pharmaceuticals, Inc. RIGL US 766559702 - - 187,927 $8,238,720 $8,238,720 1.16 $8,238,720
Patrick Industries, Inc. PATK US 703343103 - - 82,730 $8,210,125 $8,210,125 1.16 $8,210,125
Tapestry, Inc. TPR US 876030107 - - 80,124 $8,187,070 $8,187,070 1.16 $8,187,070
LegalZoom.com, Inc. LZ US 52466B103 - - 882,179 $7,957,255 $7,957,255 1.12 $7,957,255
Powell Industries, Inc. POWL US 739128106 - - 25,919 $7,636,172 $7,636,172 1.08 $7,629,258
Enova International Inc ENVA US 29357K103 - - 57,338 $6,903,495 $6,903,495 0.97 $6,903,495
REV Group, Inc. REVG US 749527107 - - 140,072 $6,842,517 $6,842,517 0.97 $6,842,517
Buckle, Inc. BKE US 118440106 - - 122,350 $6,731,697 $6,731,697 0.95 $6,731,697
AZZ Inc. AZZ US 002474104 - - 66,043 $6,570,618 $6,570,618 0.93 $6,570,618
Willdan Group, Inc. WLDN US 96924N100 - - 70,240 $6,533,725 $6,533,725 0.92 $6,533,725
Celsius Holdings, Inc. CELH US 15118V207 - - 163,575 $6,413,776 $6,413,776 0.90 $6,413,776
Axos Financial, Inc. AX US 05465C100 - - 82,133 $6,305,350 $6,305,350 0.89 $6,305,350
ANI Pharmaceuticals, Inc. ANIP US 00182C103 - - 74,736 $5,868,271 $5,868,271 0.83 $5,868,271
Alkermes Public Limited Company ALKS US G01767105 - - 187,137 $5,275,392 $5,275,392 0.74 $5,275,392
Manhattan Associates, Inc. MANH US 562750109 - - 30,617 $5,164,169 $5,164,169 0.73 $5,164,169
Stoke Therapeutics, Inc. STOK US 86150R107 - - 179,251 $5,006,480 $5,006,480 0.71 $5,006,480
CompoSecure, Inc. Class A CMPO US 20459V105 - - 257,997 $4,700,705 $4,700,705 0.66 $4,700,705
Laureate Education, Inc. LAUR US 518613203 - - 154,275 $4,580,425 $4,580,425 0.65 $4,580,425
MediaAlpha, Inc. Class A MAX US 58450V104 - - 393,873 $4,545,294 $4,545,294 0.64 $4,545,294
Peloton Interactive, Inc. Class A PTON US 70614W100 - - 705,750 $4,509,742 $4,509,742 0.64 $4,509,742
Somnigroup International Inc. SGI US 88023U101 - - 51,027 $4,326,558 $4,326,558 0.61 $4,318,925
Universal Insurance Holdings, Inc. UVE US 91359V107 - - 128,056 $4,173,345 $4,173,345 0.59 $4,173,345
International Money Express, Inc. IMXI US 46005L101 - - 272,202 $4,107,528 $4,107,528 0.58 $4,107,528
Collegium Pharmaceutical, Inc. COLL US 19459J104 - - 88,400 $3,885,180 $3,885,180 0.55 $3,885,180
Arhaus, Inc. Class A ARHS US 04035M102 - - 433,142 $3,867,958 $3,867,958 0.55 $3,867,958
Customers Bancorp, Inc. CUBI US 23204G100 - - 56,222 $3,594,835 $3,594,835 0.51 $3,594,835
Avadel Pharmaceuticals plc AVDL US G29687103 - - 153,810 $3,528,401 $3,528,401 0.50 $3,528,401
InterDigital, Inc. IDCC US 45867G101 - - 10,701 $3,503,186 $3,503,186 0.49 $3,503,186
Doximity, Inc. Class A DOCS US 26622P107 - - 74,694 $3,467,295 $3,467,295 0.49 $3,467,295
Wayfair, Inc. Class A W US 94419L101 - - 32,723 $3,190,820 $3,190,820 0.45 $3,190,820
ServisFirst Bancshares Inc SFBS US 81768T108 - - 46,353 $3,140,879 $3,140,879 0.44 $3,140,879
Janus International Group, Inc. JBI US 47103N106 - - 537,273 $3,089,320 $3,089,320 0.44 $3,089,320
Coastal Financial Corporation CCB US 19046P209 - - 30,965 $3,079,779 $3,079,779 0.43 $3,079,779
Coeur Mining, Inc. CDE US 192108504 - - 221,762 $3,073,621 $3,073,621 0.43 $3,073,621
Unity Software, Inc. U US 91332U101 - - 79,478 $2,997,115 $2,997,115 0.42 $2,997,115
FuboTV Inc. Class A FUBO US 35953D104 - - 920,284 $2,981,720 $2,981,720 0.42 $2,981,720
IES Holdings, Inc. IESC US 44951W106 - - 8,243 $2,950,499 $2,950,499 0.42 $2,950,499
Kontoor Brands, Inc. KTB US 50050N103 - - 41,481 $2,854,308 $2,854,308 0.40 $2,854,308
Sonic Automotive, Inc. Class A SAH US 83545G102 - - 47,587 $2,844,751 $2,844,751 0.40 $2,844,751
TripAdvisor, Inc. TRIP US 896945201 - - 211,336 $2,823,449 $2,823,449 0.40 $2,823,449
Aveanna Healthcare Holdings Inc AVAH US 05356F105 - - 332,629 $2,760,821 $2,760,821 0.39 $2,760,821
Build-A-Bear Workshop, Inc. BBW US 120076104 - - 57,587 $2,716,379 $2,716,379 0.38 $2,716,379
Array Technologies Inc ARRY US 04271T100 - - 365,554 $2,441,901 $2,441,901 0.34 $2,441,901
Acadian Asset Management Inc. AAMI US 10948W103 - - 55,357 $2,382,565 $2,382,565 0.34 $2,382,565
Catalyst Pharmaceuticals, Inc. CPRX US 14888U101 - - 102,309 $2,329,576 $2,329,576 0.33 $2,329,576
Douglas Dynamics, Inc. PLOW US 25960R105 - - 76,972 $2,316,857 $2,316,857 0.33 $2,316,857
Supernus Pharmaceuticals, Inc. SUPN US 868459108 - - 51,272 $2,296,473 $2,296,473 0.32 $2,296,473
Victoria's Secret & Company VSCO US 926400102 - - 66,541 $2,248,420 $2,248,420 0.32 $2,248,420
eXp World Holdings, Inc. EXPI US 30212W100 - - 204,896 $2,106,247 $2,106,247 0.30 $2,096,086
First Bancorp FBP US 318672706 - - 103,408 $2,041,274 $2,041,274 0.29 $2,041,274
Sapiens International Corporation NV SPNS US G7T16G103 - - 43,419 $1,870,925 $1,870,925 0.26 $1,870,925
Zeta Global Holdings Corp. Class A ZETA US 98956A105 - - 112,205 $1,828,942 $1,828,942 0.26 $1,828,942
Live Oak Bancshares, Inc. LOB US 53803X105 - - 58,933 $1,733,220 $1,733,220 0.24 $1,733,220
Affirm Holdings, Inc. Class A AFRM US 00827B106 - - 27,302 $1,707,467 $1,707,467 0.24 $1,707,467
Healthcare Services Group, Inc. HCSG US 421906108 - - 95,075 $1,646,699 $1,646,699 0.23 $1,646,699
USA TODAY Co., Inc. TDAY US 36472T109 - - 369,075 $1,627,621 $1,627,621 0.23 $1,627,621
Itron, Inc. ITRI US 465741106 - - 16,847 $1,587,156 $1,587,156 0.22 $1,587,156
Community Health Systems, Inc. CYH US 203668108 - - 528,704 $1,554,390 $1,554,390 0.22 $1,554,390
HCI Group, Inc. HCI US 40416E103 - - 8,791 $1,497,898 $1,497,898 0.21 $1,497,898
Concentra Group Holdings Parent, Inc. CON US 20603L102 - - 73,006 $1,420,697 $1,420,697 0.20 $1,420,697
Skyward Specialty Insurance Group, Inc. SKWD US 830940102 - - 30,218 $1,408,159 $1,408,159 0.20 $1,408,159
Energizer Holdings, Inc. ENR US 29272W109 - - 75,921 $1,342,283 $1,342,283 0.19 $1,342,283
Dave, Inc. Class A DAVE US 23834J201 - - 7,169 $1,308,414 $1,308,414 0.18 $1,308,414
Vail Resorts, Inc. MTN US 91879Q109 - - 9,207 $1,264,213 $1,264,213 0.18 $1,264,213
CorMedix Inc. CRMD US 21900C308 - - 125,256 $1,217,488 $1,217,488 0.17 $1,217,488
Bumble, Inc. Class A BMBL US 12047B105 - - 372,749 $1,203,979 $1,203,979 0.17 $1,203,979
Stride, Inc. LRN US 86333M108 - - 13,283 $873,490 $873,490 0.12 $873,490
Wolverine World Wide, Inc. WWW US 978097103 - - 47,557 $696,710 $696,710 0.10 $696,710
New Fortress Energy Inc. Class A NFE US 644393100 - - - $6,134 $6,134 0.00 $0
US DOLLARS USD MD_142224 - - 228,670 $228,670 $228,670 0.03 $228,670
Janus Henderson publishes this listing of identities and quantities of each position held by the fund on each business day, before commencement of trading. Securities are reported at market value.
The portfolio data and its presentation here is based on the investment book of record and may differ from the accounting book of record and complete schedules of investments in regulatory filings due to differing accounting and reporting standards.