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For Institutional Investors in the US

Small Cap Growth Alpha ETF Holdings

Full Portfolio Holdings

(As of November 18, 2025)

Ticker Cusip Underlying Security Strike Price Quantity (Shares/ Par/ Units/ Contracts) Notional Value Market Value Weight % Current Market Value
Sterling Infrastructure, Inc. STRL US 859241101 - - 21,171 $7,068,573 $7,068,573 2.81 $7,068,573
Aurinia Pharmaceuticals Inc. AUPH US 05156V102 - - 435,368 $6,748,204 $6,748,204 2.68 $6,748,204
Primoris Services Corporation PRIM US 74164F103 - - 53,949 $6,388,101 $6,388,101 2.55 $6,388,101
Argan, Inc. AGX US 04010E109 - - 17,358 $5,977,401 $5,977,401 2.39 $5,977,401
Clear Secure, Inc. Class A YOU US 18467V109 - - 158,904 $5,552,106 $5,552,106 2.22 $5,552,106
NAPCO Security Technologies, Inc. NSSC US 630402105 - - 130,042 $5,110,651 $5,110,651 2.04 $5,110,651
Artisan Partners Asset Management, Inc. Class A APAM US 04316A108 - - 117,612 $4,957,496 $4,957,496 1.98 $4,856,199
Tidewater Inc TDW US 88642R109 - - 86,165 $4,926,915 $4,926,915 1.97 $4,926,915
Axcelis Technologies, Inc. ACLS US 054540208 - - 60,925 $4,733,872 $4,733,872 1.89 $4,733,872
Appian Corporation Class A APPN US 03782L101 - - 111,759 $4,718,465 $4,718,465 1.88 $4,718,465
10x Genomics Inc Class A TXG US 88025U109 - - 298,439 $4,643,711 $4,643,711 1.85 $4,643,711
Sanmina Corporation SANM US 801056102 - - 29,321 $4,587,270 $4,587,270 1.83 $4,587,270
Moelis & Co. Class A MC US 60786M105 - - 73,037 $4,499,924 $4,499,924 1.80 $4,453,796
Federal Signal Corporation FSS US 313855108 - - 41,535 $4,439,137 $4,439,137 1.77 $4,433,446
Stoke Therapeutics, Inc. STOK US 86150R107 - - 152,271 $4,403,677 $4,403,677 1.76 $4,403,677
Laureate Education, Inc. LAUR US 518613203 - - 142,391 $4,310,176 $4,310,176 1.72 $4,310,176
Cal-Maine Foods, Inc. CALM US 128030202 - - 47,832 $4,207,303 $4,207,303 1.68 $4,207,303
Frontdoor, Inc. FTDR US 35905A109 - - 84,930 $4,201,487 $4,201,487 1.68 $4,201,487
Credo Technology Group Holding Ltd. CRDO US G25457105 - - 29,293 $4,088,131 $4,088,131 1.63 $4,088,131
International Money Express, Inc. IMXI US 46005L101 - - 261,697 $3,946,391 $3,946,391 1.58 $3,946,391
Rambus Inc. RMBS US 750917106 - - 44,719 $3,921,856 $3,921,856 1.57 $3,921,856
Centrus Energy Corp. Class A LEU US 15643U104 - - 15,784 $3,884,127 $3,884,127 1.55 $3,884,127
Catalyst Pharmaceuticals, Inc. CPRX US 14888U101 - - 168,297 $3,813,610 $3,813,610 1.52 $3,813,610
Qualys, Inc. QLYS US 74758T303 - - 26,146 $3,622,528 $3,622,528 1.45 $3,622,528
Alexander's, Inc. ALX US 014752109 - - 16,386 $3,572,190 $3,572,190 1.43 $3,500,541
Palomar Holdings, Inc. PLMR US 69753M105 - - 25,664 $3,326,568 $3,326,568 1.33 $3,326,568
Collegium Pharmaceutical, Inc. COLL US 19459J104 - - 72,854 $3,303,200 $3,303,200 1.32 $3,303,200
First Bancorp FBP US 318672706 - - 167,981 $3,300,827 $3,300,827 1.32 $3,300,827
IES Holdings, Inc. IESC US 44951W106 - - 9,134 $3,272,530 $3,272,530 1.31 $3,272,530
CompoSecure, Inc. Class A CMPO US 20459V105 - - 164,132 $3,184,161 $3,184,161 1.27 $3,184,161
LegalZoom.com, Inc. LZ US 52466B103 - - 327,391 $3,080,749 $3,080,749 1.23 $3,080,749
Buckle, Inc. BKE US 118440106 - - 55,009 $3,060,701 $3,060,701 1.22 $3,060,701
Alkermes Public Limited Company ALKS US G01767105 - - 104,543 $3,058,928 $3,058,928 1.22 $3,058,928
HCI Group, Inc. HCI US 40416E103 - - 17,396 $3,030,905 $3,030,905 1.21 $3,030,905
Fabrinet FN US G3323L100 - - 7,377 $3,019,037 $3,019,037 1.21 $3,019,037
Installed Building Products, Inc. IBP US 45780R101 - - 11,874 $2,940,359 $2,940,359 1.17 $2,940,359
Itron, Inc. ITRI US 465741106 - - 30,168 $2,904,273 $2,904,273 1.16 $2,904,273
Coeur Mining, Inc. CDE US 192108504 - - 186,391 $2,680,303 $2,680,303 1.07 $2,680,303
Nextpower Inc. Class A NXT US 65290E101 - - 28,907 $2,617,529 $2,617,529 1.04 $2,617,529
Rigel Pharmaceuticals, Inc. RIGL US 766559702 - - 55,322 $2,556,983 $2,556,983 1.02 $2,556,983
Theravance Biopharma Inc TBPH US G8807B106 - - 132,568 $2,451,182 $2,451,182 0.98 $2,451,182
StoneX Group Inc. SNEX US 861896108 - - 28,767 $2,448,647 $2,448,647 0.98 $2,448,647
Peloton Interactive, Inc. Class A PTON US 70614W100 - - 332,897 $2,366,898 $2,366,898 0.94 $2,366,898
Adtalem Global Education Inc. ATGE US 00737L103 - - 23,241 $2,225,326 $2,225,326 0.89 $2,225,326
InterDigital, Inc. IDCC US 45867G101 - - 6,489 $2,179,915 $2,179,915 0.87 $2,179,915
Bancorp Inc TBBK US 05969A105 - - 36,111 $2,154,743 $2,154,743 0.86 $2,154,743
Commvault Systems, Inc. CVLT US 204166102 - - 17,313 $2,121,535 $2,121,535 0.85 $2,121,535
FuboTV Inc. Class A FUBO US 35953D104 - - 580,675 $2,055,590 $2,055,590 0.82 $2,055,590
Powell Industries, Inc. POWL US 739128106 - - 6,359 $2,045,436 $2,045,436 0.82 $2,045,436
Willdan Group, Inc. WLDN US 96924N100 - - 20,436 $1,935,494 $1,935,494 0.77 $1,935,494
NCR Atleos Corporation NATL US 63001N106 - - 50,636 $1,728,207 $1,728,207 0.69 $1,728,207
Dave, Inc. Class A DAVE US 23834J201 - - 8,919 $1,698,713 $1,698,713 0.68 $1,698,713
SIGA Technologies Inc SIGA US 826917106 - - 280,807 $1,676,418 $1,676,418 0.67 $1,676,418
Federal Agricultural Mortgage Corporation Class C AGM US 313148306 - - 9,960 $1,615,313 $1,615,313 0.64 $1,615,313
Brink's Company BCO US 109696104 - - 14,776 $1,614,285 $1,614,285 0.64 $1,610,732
Guardant Health, Inc. GH US 40131M109 - - 16,826 $1,608,061 $1,608,061 0.64 $1,608,061
AZZ Inc. AZZ US 002474104 - - 15,911 $1,570,097 $1,570,097 0.63 $1,570,097
Protagonist Therapeutics, Inc. PTGX US 74366E102 - - 18,421 $1,554,548 $1,554,548 0.62 $1,554,548
REV Group, Inc. REVG US 749527107 - - 29,867 $1,526,204 $1,526,204 0.61 $1,526,204
Griffon Corporation GFF US 398433102 - - 22,695 $1,517,388 $1,517,388 0.61 $1,517,388
Blue Bird Corporation BLBD US 095306106 - - 28,159 $1,417,806 $1,417,806 0.57 $1,417,806
Turtle Beach Corporation TBCH US 900450206 - - 99,474 $1,375,725 $1,375,725 0.55 $1,375,725
Build-A-Bear Workshop, Inc. BBW US 120076104 - - 27,536 $1,359,728 $1,359,728 0.54 $1,359,728
Live Oak Bancshares, Inc. LOB US 53803X105 - - 43,914 $1,319,177 $1,319,177 0.53 $1,319,177
Janus International Group, Inc. JBI US 47103N106 - - 216,088 $1,274,919 $1,274,919 0.51 $1,274,919
Global Industrial Company GIC US 37892E102 - - 46,537 $1,251,845 $1,251,845 0.50 $1,251,845
Modine Manufacturing Company MOD US 607828100 - - 9,551 $1,247,074 $1,247,074 0.50 $1,247,074
Victoria's Secret & Company VSCO US 926400102 - - 35,127 $1,213,989 $1,213,989 0.48 $1,213,989
MiMedx Group, Inc. MDXG US 602496101 - - 179,610 $1,206,979 $1,206,979 0.48 $1,206,979
ServisFirst Bancshares Inc SFBS US 81768T108 - - 17,408 $1,188,792 $1,188,792 0.47 $1,188,792
Indivior PLC INDV US G4766E116 - - 35,649 $1,150,037 $1,150,037 0.46 $1,150,037
Progyny, Inc. PGNY US 74340E103 - - 44,253 $1,143,940 $1,143,940 0.46 $1,143,940
Cheesecake Factory Incorporated CAKE US 163072101 - - 25,054 $1,133,501 $1,133,501 0.45 $1,126,929
Alphatec Holdings, Inc. ATEC US 02081G201 - - 54,224 $1,080,684 $1,080,684 0.43 $1,080,684
Watts Water Technologies, Inc. Class A WTS US 942749102 - - 3,939 $1,051,201 $1,051,201 0.42 $1,051,201
Douglas Dynamics, Inc. PLOW US 25960R105 - - 35,010 $1,036,646 $1,036,646 0.41 $1,036,646
Universal Insurance Holdings, Inc. UVE US 91359V107 - - 30,472 $1,029,649 $1,029,649 0.41 $1,029,649
Array Technologies Inc ARRY US 04271T100 - - 136,056 $993,209 $993,209 0.40 $993,209
Enova International Inc ENVA US 29357K103 - - 8,279 $989,258 $989,258 0.39 $989,258
Arhaus, Inc. Class A ARHS US 04035M102 - - 111,334 $987,533 $987,533 0.39 $987,533
Hims & Hers Health, Inc. Class A HIMS US 433000106 - - 27,196 $986,127 $986,127 0.39 $986,127
FirstCash Holdings, Inc. FCFS US 33768G107 - - 6,244 $973,946 $973,946 0.39 $971,379
Lantheus Holdings Inc LNTH US 516544103 - - 18,065 $966,478 $966,478 0.39 $966,478
OptimizeRx Corporation OPRX US 68401U204 - - 68,330 $964,820 $964,820 0.39 $964,820
Oscar Health, Inc. Class A OSCR US 687793109 - - 64,049 $942,161 $942,161 0.38 $942,161
EverQuote, Inc. Class A EVER US 30041R108 - - 38,223 $937,992 $937,992 0.37 $937,992
SPX Technologies, Inc. SPXC US 78473E103 - - 4,495 $918,598 $918,598 0.37 $918,598
Aveanna Healthcare Holdings Inc AVAH US 05356F105 - - 106,495 $898,818 $898,818 0.36 $898,818
Bumble, Inc. Class A BMBL US 12047B105 - - 250,879 $880,585 $880,585 0.35 $880,585
Grindr Inc. GRND US 39854F101 - - 62,024 $864,615 $864,615 0.35 $864,615
Coursera Inc COUR US 22266M104 - - 105,367 $862,956 $862,956 0.34 $862,956
Patrick Industries, Inc. PATK US 703343103 - - 8,407 $822,036 $822,036 0.33 $822,036
eXp World Holdings, Inc. EXPI US 30212W100 - - 75,887 $821,856 $821,856 0.33 $818,062
Community Health Systems, Inc. CYH US 203668108 - - 280,769 $819,845 $819,845 0.33 $819,845
Kontoor Brands, Inc. KTB US 50050N103 - - 11,692 $814,348 $814,348 0.33 $814,348
Pagaya Technologies Ltd Class A PGY US M7S64L115 - - 37,063 $808,715 $808,715 0.32 $808,715
Stride, Inc. LRN US 86333M108 - - 12,121 $782,653 $782,653 0.31 $782,653
Nutex Health Inc NUTX US 67079U306 - - 7,788 $772,570 $772,570 0.31 $772,570
Coastal Financial Corporation CCB US 19046P209 - - 7,222 $743,144 $743,144 0.30 $743,144
TransMedics Group, Inc. TMDX US 89377M109 - - 6,314 $739,180 $739,180 0.30 $739,180
Customers Bancorp, Inc. CUBI US 23204G100 - - 11,449 $736,514 $736,514 0.29 $736,514
Rackspace Technology, Inc. RXT US 750102105 - - 640,744 $711,226 $711,226 0.28 $711,226
ANI Pharmaceuticals, Inc. ANIP US 00182C103 - - 8,511 $689,987 $689,987 0.28 $689,987
Root, Inc. Class A ROOT US 77664L207 - - 8,501 $648,711 $648,711 0.26 $648,711
Mitek Systems, Inc. MITK US 606710200 - - 71,972 $627,596 $627,596 0.25 $627,596
Wolverine World Wide, Inc. WWW US 978097103 - - 41,922 $625,476 $625,476 0.25 $625,476
American Superconductor Corporation AMSC US 030111207 - - 20,017 $623,930 $623,930 0.25 $623,930
Beauty Health Company Class A SKIN US 88331L108 - - 466,837 $611,556 $611,556 0.24 $611,556
IDT Corporation Class B IDT US 448947507 - - 12,029 $601,089 $601,089 0.24 $601,089
CorMedix Inc. CRMD US 21900C308 - - 55,286 $557,006 $557,006 0.22 $557,006
Energizer Holdings, Inc. ENR US 29272W109 - - 26,700 $519,048 $519,048 0.21 $519,048
Rapid7 Inc. RPD US 753422104 - - 37,674 $507,469 $507,469 0.20 $507,469
Sezzle Inc. SEZL US 78435P105 - - 8,460 $437,128 $437,128 0.17 $437,128
New Fortress Energy Inc. Class A NFE US 644393100 - - - $2,231 $2,231 0.00 $0
US DOLLARS USD MD_142224 - - 65,394 $65,394 $65,394 0.03 $65,394
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.