Janus Henderson AAA CLO

JAAA • ARCA

Janus Henderson AAA CLO is an exchange-traded fund on ARCA. As of Q3 2025, 773 institutional investors hold shares in this ETF, with total holdings valued at $18.1B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $1.8B.

Overview

Overview of institutional ownership in JAAA as of Q3 2025

All Institutions

Institutions: 773
Value Held: $18.1B
Shares Held: 356.4M
Avg Position: $23.4M
Median Position: $2.5M

Hedge Funds

Hedge Funds: 21
Value Held: $1.3B
Shares Held: 25.9M
Avg Position: $62.6M
Median Position: $5.0M

Biggest Investors

Institutions with the largest positions in JAAA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.8B 0.13% of portfolio	34.7M shares	Q1 2022 Held for 3y 8m	$1.33T
A Allianz Investment Management U.S. LLC Institution	-	$1.3B 50.31% of portfolio	25.9M shares	Q4 2024 Held for 11 months	$2.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.1B 0.07% of portfolio	22.5M shares	Q1 2022 Held for 3y 8m	$1.65T
Corebridge Financial, Inc. Hedge Fund•Value	Joshua David Ayers Managing Partner	$1.1B 59.52% of portfolio	21.8M shares	Q2 2025 Held for 5 months	$1.9B
L LPL Financial LLC Institution	-	$653.4M 0.19% of portfolio	12.9M shares	Q1 2022 Held for 3y 8m	$340.07B
N Nuveen, LLC Institution	-	$601.9M 0.16% of portfolio	11.9M shares	Q2 2025 Held for 5 months	$377.89B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$412.9M 0.08% of portfolio	8.1M shares	Q1 2022 Held for 3y 8m	$488.50B
Kovitz Investment Group Partners, LLC RIA/Wealth	Mitchell Armin Kovitz CEO	$397.0M 1.55% of portfolio	7.8M shares	Q2 2024 Held for 1y 5m	$25.6B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$373.3M 0.11% of portfolio	7.4M shares	Q2 2021 Held for 4y 5m	$341.99B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$345.7M 0.11% of portfolio	6.8M shares	Q4 2024 Held for 11 months	$310.43B

Net Capital Flow

Institutional buying and selling activity for JAAA in Q3 2025

Traded: +$3.0B
Buyers: 507
Sellers: 276
Total Bought: +$3.7B
Total Sold: −$747.0M
Avg Position: $21.9M

Biggest Buyers

Institution	Net Bought	Current Position
Corebridge Financial, Inc. Hedge Fund•Value	+$1.1B +20.8M shares	$1.1B 21.8M shares
N Nuveen, LLC Institution	+$385.7M +7.6M shares	$601.9M 11.9M shares
A Allianz Investment Management U.S. LLC Institution	+$366.3M +7.2M shares	$1.3B 25.9M shares
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	+$304.7M +6.0M shares	$304.7M 6.0M shares
GOLDMAN SACHS GROUP INC Institution	+$199.2M +3.9M shares	$208.0M 4.1M shares
JPMORGAN CHASE & CO Institution	+$104.1M +2.0M shares	$146.7M 2.9M shares
L LPL Financial LLC Institution	+$74.7M +1.5M shares	$653.4M 12.9M shares
MORGAN STANLEY RIA/Wealth	+$71.2M +1.4M shares	$1.1B 22.5M shares
AMERIPRISE FINANCIAL INC Institution	+$60.5M +1.2M shares	$62.7M 1.2M shares
A ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Institution	+$50.8M +1.0M shares	$55.5M 1.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
Advance Capital Management, Inc. RIA/Wealth	−$86.5M −1.7M shares	$77.3M 1.5M shares
A Apollo Management Holdings, L.P. Institution	−$72.7M −1.4M shares	Sold Off 0 shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	−$69.4M −1.4M shares	$135.8M 2.7M shares
B BlackRock, Inc. Institution	−$54.0M −1.1M shares	$30.0M 590.7K shares
Hilton Capital Management, LLC Long Only Manager	−$40.3M −793.7K shares	$35.1M 690.4K shares
Wright Fund Managment, LLC Long Only Manager	−$38.9M −767.0K shares	Sold Off 0 shares
Ameritas Advisory Services, LLC RIA/Wealth	−$23.8M −469.5K shares	$19.9M 391.0K shares
Kathmere Capital Management, LLC RIA/Wealth	−$22.8M −450.1K shares	Sold Off 0 shares
TruWealth Advisors, LLC RIA/Wealth	−$22.5M −443.3K shares	$103.5M 2.0M shares
Pacific Wealth Management RIA/Wealth	−$13.2M −259.9K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited JAAA in Q3 2025

New Positions: 59
New Value: $439.2M
Exited Positions: 55
Exited Value: $197.4M

New Positions

Institution	Position Value
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	$304.7M 6.0M shares
Leslie Global Wealth, LLC RIA/Wealth	$26.5M 522.2K shares
Beacon Capital Management, Inc. RIA/Wealth	$25.6M 504.2K shares
360 Financial, Inc. RIA/Wealth	$14.2M 279.3K shares
SEVEN MILE ADVISORY RIA/Wealth	$7.3M 144.5K shares
Summit Financial, LLC RIA/Wealth	$5.9M 115.3K shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	$5.6M 109.3K shares
S State of Tennessee, Treasury Department Institution	$5.1M 100.0K shares
White Pine Investment CO RIA/Wealth	$4.8M 93.7K shares
B Bell State Bank & Trust Institution	$4.5M 89.4K shares

Exited Positions

Institution	Previous Position
A Apollo Management Holdings, L.P. Institution	$72.7M 1.4M shares
Wright Fund Managment, LLC Long Only Manager	$38.9M 767.0K shares
Kathmere Capital Management, LLC RIA/Wealth	$22.8M 450.1K shares
Pacific Wealth Management RIA/Wealth	$13.2M 259.9K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$13.1M 258.2K shares
Q Quadrature Capital Ltd Institution	$6.3M 124.3K shares
WINNOW WEALTH LLC RIA/Wealth	$5.9M 115.9K shares
O One Capital Management, LLC RIA/Wealth	$4.4M 86.1K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$2.6M 50.8K shares
Blackston Financial Advisory Group, LLC RIA/Wealth	$2.2M 44.1K shares

Options Activity

Institutions with the largest Call and Put options positions in JAAA as of Q3 2025

Call Positions: 1
Call Value: $4.2M
Put Positions: 1
Put Value: $71.1K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.2M 834.0 contracts

Put Positions

Institution	Position Value
B Belvedere Trading LLC Institution	$71.1K 14.0 contracts

Most Committed Institutions

Institutions with JAAA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ARCH CAPITAL GROUP LTD. Institution	Marc Grandisson CEO	68.13% $200.2M	3.9M shares	Q2 2023 Held for 2y 5m	$293.8M
Corebridge Financial, Inc. Hedge Fund•Value	Joshua David Ayers Managing Partner	59.52% $1.1B	21.8M shares	Q2 2025 Held for 5 months	$1.9B
A Allianz Investment Management U.S. LLC Institution	-	50.31% $1.3B	25.9M shares	Q4 2024 Held for 11 months	$2.6B
M MEMBERS CAPITAL ADVISORS INC Institution	-	29.09% $25.3M	498.2K shares	Q4 2023 Held for 1y 11m	$87.0M
D DELPHI FINANCIAL GROUP INC/DE Institution	-	24.66% $43.0M	846.7K shares	Q3 2023 Held for 2y 2m	$174.4M
T TT Capital Management LLC Institution	-	20.65% $27.0M	532.2K shares	Q4 2024 Held for 11 months	$130.9M
Integrys Wealth Advisors LLC RIA/Wealth	Noah Abram Seidenberg Managing Partner	14.13% $101.0M	2.0M shares	Q4 2021 Held for 3y 11m	$714.6M
Leslie Global Wealth, LLC RIA/Wealth	Barry Donald Leslie Managing Partner	12.44% $26.5M	522.2K shares	Q3 2025 Held for 2 months	$213.2M
CABANA LLC RIA/Wealth	George Chaddwick Mason CEO	12.00% $2.0M	38.6K shares	Q2 2025 Held for 5 months	$16.4M
T Three Cord True Wealth Management, LLC RIA/Wealth	Mathew W Hunnicutt Member	11.37% $16.7M	328.6K shares	Q4 2024 Held for 11 months	$146.8M

Hedge Fund Spotlight

Discover hedge funds investing in JAAA

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in Janus Henderson AAA CLO

Market Value: $107.8M
Shares Held: 2.1M
Portfolio Weight: 0.14%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%