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For Institutional Investors in the US

Small Cap Growth Alpha ETF Holdings

Full Portfolio Holdings

(As of December 23, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Credo Technology Group Holding Ltd. CRDO US G25457105 - - 40,167 $5,937,084 $5,937,084 2.27 $5,937,084
Enova International Inc ENVA US 29357K103 - - 32,582 $5,315,427 $5,315,427 2.04 $5,315,427
Ryman Hospitality Properties, Inc. RHP US 78377T107 - - 53,099 $5,133,611 $5,133,611 1.97 $5,133,611
InterDigital, Inc. IDCC US 45867G101 - - 15,164 $4,970,456 $4,970,456 1.90 $4,970,456
Atmus Filtration Technologies, Inc. ATMU US 04956D107 - - 89,930 $4,830,140 $4,830,140 1.84 $4,830,140
Catalyst Pharmaceuticals, Inc. CPRX US 14888U101 - - 192,851 $4,672,780 $4,672,780 1.78 $4,672,780
Argan, Inc. AGX US 04010E109 - - 13,993 $4,662,887 $4,662,887 1.78 $4,662,887
Workiva Inc. Class A WK US 98139A105 - - 51,486 $4,542,095 $4,542,095 1.73 $4,542,095
Qualys, Inc. QLYS US 74758T303 - - 32,266 $4,487,555 $4,487,555 1.71 $4,487,555
Cactus, Inc. Class A WHD US 127203107 - - 94,968 $4,416,012 $4,416,012 1.68 $4,416,012
Haemonetics Corporation HAE US 405024100 - - 54,726 $4,397,781 $4,397,781 1.68 $4,397,781
Banc of California, Inc. BANC US 05990K106 - - 205,917 $4,075,278 $4,075,278 1.55 $4,054,506
Sanmina Corporation SANM US 801056102 - - 26,304 $4,055,288 $4,055,288 1.55 $4,055,288
Collegium Pharmaceutical, Inc. COLL US 19459J104 - - 82,613 $4,035,645 $4,035,645 1.54 $4,035,645
Huron Consulting Group Inc. HURN US 447462102 - - 22,132 $3,943,922 $3,943,922 1.50 $3,943,922
Fabrinet FN US G3323L100 - - 7,941 $3,866,632 $3,866,632 1.47 $3,866,632
Artisan Partners Asset Management, Inc. Class A APAM US 04316A108 - - 92,051 $3,831,163 $3,831,163 1.46 $3,831,163
Palomar Holdings, Inc. PLMR US 69753M105 - - 26,857 $3,688,003 $3,688,003 1.41 $3,688,003
Theravance Biopharma Inc TBPH US G8807B106 - - 194,130 $3,604,994 $3,604,994 1.37 $3,604,994
Harmony Biosciences Holdings, Inc. HRMY US 413197104 - - 92,691 $3,563,042 $3,563,042 1.36 $3,563,042
Sterling Infrastructure, Inc. STRL US 859241101 - - 11,145 $3,520,371 $3,520,371 1.34 $3,520,371
Nextpower Inc. Class A NXT US 65290E101 - - 38,652 $3,518,878 $3,518,878 1.34 $3,518,878
Bloom Energy Corporation Class A BE US 093712107 - - 37,380 $3,417,653 $3,417,653 1.30 $3,417,653
St. Joe Company JOE US 790148100 - - 56,684 $3,362,495 $3,362,495 1.28 $3,362,495
BridgeBio Pharma, Inc. BBIO US 10806X102 - - 43,916 $3,355,182 $3,355,182 1.28 $3,355,182
Rambus Inc. RMBS US 750917106 - - 34,600 $3,258,974 $3,258,974 1.24 $3,258,974
SPX Technologies, Inc. SPXC US 78473E103 - - 15,307 $3,144,976 $3,144,976 1.20 $3,144,976
Healthcare Services Group, Inc. HCSG US 421906108 - - 159,073 $3,114,649 $3,114,649 1.19 $3,114,649
LCI Industries LCII US 50189K103 - - 25,085 $3,100,255 $3,100,255 1.18 $3,100,255
EnerSys ENS US 29275Y102 - - 20,519 $3,079,590 $3,079,590 1.17 $3,074,157
Powell Industries, Inc. POWL US 739128106 - - 8,792 $2,977,323 $2,977,323 1.14 $2,977,323
International Money Express, Inc. IMXI US 46005L101 - - 192,237 $2,962,372 $2,962,372 1.13 $2,962,372
Abercrombie & Fitch Co. Class A ANF US 002896207 - - 23,799 $2,946,554 $2,946,554 1.12 $2,946,554
Clearwater Analytics Holdings, Inc. Class A CWAN US 185123106 - - 117,495 $2,831,630 $2,831,630 1.08 $2,831,630
HCI Group, Inc. HCI US 40416E103 - - 14,394 $2,820,504 $2,820,504 1.08 $2,820,504
Aurinia Pharmaceuticals Inc. AUPH US 05156V102 - - 173,773 $2,816,860 $2,816,860 1.07 $2,816,860
Installed Building Products, Inc. IBP US 45780R101 - - 10,613 $2,810,250 $2,810,250 1.07 $2,806,289
Laureate Education, Inc. LAUR US 518613203 - - 83,605 $2,795,751 $2,795,751 1.07 $2,795,751
IES Holdings, Inc. IESC US 44951W106 - - 6,746 $2,753,920 $2,753,920 1.05 $2,753,920
Cytokinetics, Incorporated CYTK US 23282W605 - - 43,131 $2,729,761 $2,729,761 1.04 $2,729,761
Krystal Biotech, Inc. KRYS US 501147102 - - 10,634 $2,694,230 $2,694,230 1.03 $2,694,230
Customers Bancorp, Inc. CUBI US 23204G100 - - 34,455 $2,632,707 $2,632,707 1.00 $2,632,707
Veracyte, Inc. VCYT US 92337F107 - - 60,928 $2,615,030 $2,615,030 1.00 $2,615,030
PACS Group, Inc. PACS US 69380Q107 - - 68,425 $2,548,147 $2,548,147 0.97 $2,548,147
Upwork, Inc. UPWK US 91688F104 - - 116,918 $2,434,233 $2,434,233 0.93 $2,434,233
CTS Corporation CTS US 126501105 - - 55,293 $2,432,339 $2,432,339 0.93 $2,432,339
Lantheus Holdings Inc LNTH US 516544103 - - 35,194 $2,341,457 $2,341,457 0.89 $2,341,457
Vicor Corporation VICR US 925815102 - - 21,227 $2,313,000 $2,313,000 0.88 $2,313,000
IMAX Corporation IMAX US 45245E109 - - 58,144 $2,177,493 $2,177,493 0.83 $2,177,493
TransMedics Group, Inc. TMDX US 89377M109 - - 16,413 $2,104,147 $2,104,147 0.80 $2,104,147
10x Genomics Inc Class A TXG US 88025U109 - - 126,461 $2,086,606 $2,086,606 0.80 $2,086,606
Alkermes Public Limited Company ALKS US G01767105 - - 72,562 $2,067,291 $2,067,291 0.79 $2,067,291
CarGurus, Inc. Class A CARG US 141788109 - - 52,195 $2,037,171 $2,037,171 0.78 $2,037,171
XPEL, Inc. XPEL US 98379L100 - - 38,912 $2,030,428 $2,030,428 0.77 $2,030,428
Coeur Mining, Inc. CDE US 192108504 - - 102,884 $1,964,056 $1,964,056 0.75 $1,964,056
ACADIA Pharmaceuticals Inc. ACAD US 004225108 - - 67,979 $1,891,856 $1,891,856 0.72 $1,891,856
Lumen Technologies, Inc. LUMN US 550241103 - - 233,052 $1,815,475 $1,815,475 0.69 $1,815,475
Cadre Holdings, Inc. CDRE US 12763L105 - - 42,338 $1,790,897 $1,790,897 0.68 $1,790,897
Champion Homes, Inc. SKY US 830830105 - - 19,890 $1,689,258 $1,689,258 0.64 $1,689,258
Moog Inc. Class A MOG/A US 615394202 - - 6,494 $1,630,124 $1,630,124 0.62 $1,630,124
Skyward Specialty Insurance Group, Inc. SKWD US 830940102 - - 31,282 $1,626,038 $1,626,038 0.62 $1,626,038
Jamf Holding Corp JAMF US 47074L105 - - 123,592 $1,606,696 $1,606,696 0.61 $1,606,696
Universal Insurance Holdings, Inc. UVE US 91359V107 - - 45,150 $1,583,410 $1,583,410 0.60 $1,583,410
Arrowhead Pharmaceuticals, Inc. ARWR US 04280A100 - - 22,252 $1,553,857 $1,553,857 0.59 $1,553,857
Peloton Interactive, Inc. Class A PTON US 70614W100 - - 251,626 $1,537,435 $1,537,435 0.59 $1,537,435
Dave, Inc. Class A DAVE US 23834J201 - - 6,827 $1,508,904 $1,508,904 0.58 $1,508,904
Agilysys, Inc. AGYS US 00847J105 - - 12,297 $1,492,856 $1,492,856 0.57 $1,492,856
Ivanhoe Electric Inc. IE US 46578C108 - - 90,701 $1,492,031 $1,492,031 0.57 $1,492,031
Griffon Corporation GFF US 398433102 - - 19,758 $1,486,197 $1,486,197 0.57 $1,486,197
Ensign Group, Inc. ENSG US 29358P101 - - 8,287 $1,480,058 $1,480,058 0.56 $1,480,058
CareDx, Inc. CDNA US 14167L103 - - 73,884 $1,479,158 $1,479,158 0.56 $1,479,158
Rigel Pharmaceuticals, Inc. RIGL US 766559702 - - 33,445 $1,469,573 $1,469,573 0.56 $1,469,573
Guardant Health, Inc. GH US 40131M109 - - 14,210 $1,456,525 $1,456,525 0.56 $1,456,525
IonQ, Inc. IONQ US 46222L108 - - 28,136 $1,445,909 $1,445,909 0.55 $1,445,909
Arteris, Inc. AIP US 04302A104 - - 89,448 $1,445,480 $1,445,480 0.55 $1,445,480
Kforce Inc. KFRC US 493732101 - - 46,628 $1,419,823 $1,419,823 0.54 $1,419,823
Progyny, Inc. PGNY US 74340E103 - - 52,344 $1,338,436 $1,338,436 0.51 $1,338,436
NAPCO Security Technologies, Inc. NSSC US 630402105 - - 31,516 $1,334,111 $1,334,111 0.51 $1,329,660
UFP Technologies, Inc. UFPT US 902673102 - - 5,661 $1,317,145 $1,317,145 0.50 $1,317,145
Rapid7 Inc. RPD US 753422104 - - 85,623 $1,308,319 $1,308,319 0.50 $1,308,319
HealthEquity Inc HQY US 42226A107 - - 13,661 $1,266,238 $1,266,238 0.48 $1,266,238
Eos Energy Enterprises, Inc. Class A EOSE US 29415C101 - - 104,527 $1,250,143 $1,250,143 0.48 $1,250,143
eXp World Holdings, Inc. EXPI US 30212W100 - - 128,291 $1,226,462 $1,226,462 0.47 $1,226,462
Semtech Corporation SMTC US 816850101 - - 16,108 $1,222,758 $1,222,758 0.47 $1,222,758
Frontdoor, Inc. FTDR US 35905A109 - - 20,730 $1,201,304 $1,201,304 0.46 $1,201,304
SiTime Corporation SITM US 82982T106 - - 3,142 $1,199,710 $1,199,710 0.46 $1,199,710
MAXIMUS, Inc. MMS US 577933104 - - 13,763 $1,198,620 $1,198,620 0.46 $1,198,620
Zurn Elkay Water Solutions Corporation ZWS US 98983L108 - - 24,952 $1,192,456 $1,192,456 0.45 $1,192,456
Clear Secure, Inc. Class A YOU US 18467V109 - - 31,952 $1,185,970 $1,185,970 0.45 $1,166,248
Gorman-Rupp Company GRC US 383082104 - - 23,686 $1,182,405 $1,182,405 0.45 $1,182,405
Stoke Therapeutics, Inc. STOK US 86150R107 - - 37,022 $1,179,521 $1,179,521 0.45 $1,179,521
Zeta Global Holdings Corp. Class A ZETA US 98956A105 - - 63,308 $1,161,702 $1,161,702 0.44 $1,161,702
NerdWallet, Inc. Class A NRDS US 64082B102 - - 81,805 $1,149,360 $1,149,360 0.44 $1,149,360
Teladoc Health, Inc. TDOC US 87918A105 - - 158,819 $1,145,085 $1,145,085 0.44 $1,145,085
D-Wave Quantum Inc. QBTS US 26740W109 - - 38,968 $1,134,748 $1,134,748 0.43 $1,134,748
Guardian Pharmacy Services, Inc. Class A GRDN US 40145W101 - - 35,796 $1,118,983 $1,118,983 0.43 $1,118,983
Victoria's Secret & Company VSCO US 926400102 - - 20,395 $1,114,179 $1,114,179 0.42 $1,114,179
Compass Inc Class A COMP US 20464U100 - - 104,253 $1,107,167 $1,107,167 0.42 $1,107,167
Rigetti Computing, Inc. RGTI US 76655K103 - - 42,907 $1,077,395 $1,077,395 0.41 $1,077,395
Jack in the Box Inc. JACK US 466367109 - - 56,260 $1,059,938 $1,059,938 0.40 $1,059,938
Cinemark Holdings, Inc. CNK US 17243V102 - - 45,492 $1,033,578 $1,033,578 0.39 $1,033,578
Progress Software Corporation PRGS US 743312100 - - 23,999 $1,027,877 $1,027,877 0.39 $1,027,877
Par Pacific Holdings Inc PARR US 69888T207 - - 28,315 $1,000,935 $1,000,935 0.38 $1,000,935
Rackspace Technology, Inc. RXT US 750102105 - - 975,037 $994,538 $994,538 0.38 $994,538
Appian Corporation Class A APPN US 03782L101 - - 26,749 $977,408 $977,408 0.37 $977,408
SIGA Technologies Inc SIGA US 826917106 - - 156,296 $973,724 $973,724 0.37 $973,724
USA TODAY Co., Inc. TDAY US 36472T109 - - 179,714 $959,673 $959,673 0.37 $959,673
Simulations Plus, Inc. SLP US 829214105 - - 49,304 $953,046 $953,046 0.36 $953,046
eGain Corporation EGAN US 28225C806 - - 88,348 $947,091 $947,091 0.36 $947,091
Aquestive Therapeutics, Inc. AQST US 03843E104 - - 160,405 $941,577 $941,577 0.36 $941,577
Shore Bancshares, Inc. SHBI US 825107105 - - 51,890 $935,577 $935,577 0.36 $935,577
Rumble, Inc. Class A RUM US 78137L105 - - 131,527 $912,797 $912,797 0.35 $912,797
Akebia Therapeutics, Inc. AKBA US 00972D105 - - 544,167 $897,876 $897,876 0.34 $897,876
Northrim BanCorp, Inc. NRIM US 666762109 - - 30,792 $857,873 $857,873 0.33 $852,938
Nutex Health Inc NUTX US 67079U306 - - 4,965 $830,843 $830,843 0.32 $830,843
Alexander's, Inc. ALX US 014752109 - - 3,353 $719,286 $719,286 0.27 $719,286
Verastem, Inc. VSTM US 92337C203 - - 82,031 $650,506 $650,506 0.25 $650,506
Global Industrial Company GIC US 37892E102 - - 17,290 $517,317 $517,317 0.20 $517,317
Turtle Beach Corporation TBCH US 900450206 - - 26,688 $366,693 $366,693 0.14 $366,693
Beauty Health Company Class A SKIN US 88331L108 - - 235,210 $343,407 $343,407 0.13 $343,407
Build-A-Bear Workshop, Inc. BBW US 120076104 - - - $5,886 $5,886 0.00 $0
New Fortress Energy Inc. Class A NFE US 644393100 - - - $2,231 $2,231 0.00 $0
US DOLLARS USD MD_142224 - - 26,250 $26,250 $26,250 0.01 $26,250
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.