Janus Henderson Mortgage-Backed Securities

JMBS • ARCA

Janus Henderson Mortgage-Backed Securities is an exchange-traded fund on ARCA. As of Q3 2025, 225 institutional investors hold shares in this ETF, with total holdings valued at $5.8B. SCHWAB CHARLES INVESTMENT MANAGEMENT INC is the largest holder with a position valued at $983.2M.

Overview

Overview of institutional ownership in JMBS as of Q3 2025

All Institutions

Institutions: 225
Value Held: $5.8B
Shares Held: 128.0M
Avg Position: $26.0M
Median Position: $1.7M

Hedge Funds

Hedge Funds: 2
Value Held: $7.4M
Shares Held: 162.9K
Avg Position: $3.7M
Median Position: $3.7M

Biggest Investors

Institutions with the largest positions in JMBS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$983.2M 0.16% of portfolio	21.5M shares	Q4 2023 Held for 1y 11m	$620.51B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$972.4M 0.06% of portfolio	21.3M shares	Q2 2019 Held for 6y 5m	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$837.2M 0.06% of portfolio	18.3M shares	Q3 2018 Held for 7y 2m	$1.33T
Richard Bernstein Advisors LLC Long Only Manager	Richard Nmn Bernstein CEO	$409.7M 11.68% of portfolio	9.0M shares	Q2 2023 Held for 2y 5m	$3.5B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$159.7M 0.05% of portfolio	3.5M shares	Q4 2024 Held for 11 months	$310.43B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$142.0M 0.04% of portfolio	3.1M shares	Q4 2019 Held for 5y 11m	$341.99B
A Advisor Group Holdings, Inc. Institution	-	$137.9M 0.19% of portfolio	3.0M shares	Q1 2020 Held for 5y 8m	$71.0B
H HAVERFORD TRUST CO Institution	-	$129.0M 1.16% of portfolio	2.8M shares	Q4 2023 Held for 1y 11m	$11.1B
Kovitz Investment Group Partners, LLC RIA/Wealth	Mitchell Armin Kovitz CEO	$118.5M 0.46% of portfolio	2.6M shares	Q3 2024 Held for 1y 2m	$25.6B
Gradient Investments LLC RIA/Wealth	Michael Arthur Binger President	$97.7M 1.70% of portfolio	2.1M shares	Q1 2023 Held for 2y 8m	$5.7B

Net Capital Flow

Institutional buying and selling activity for JMBS in Q3 2025

Traded: +$1.0B
Buyers: 159
Sellers: 69
Total Bought: +$1.2B
Total Sold: −$154.8M
Avg Position: $24.0M

Biggest Buyers

Institution	Net Bought	Current Position
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$615.5M +13.5M shares	$983.2M 21.5M shares
A Advisor Group Holdings, Inc. Institution	+$126.8M +2.8M shares	$137.9M 3.0M shares
MORGAN STANLEY RIA/Wealth	+$49.7M +1.1M shares	$972.4M 21.3M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$27.4M +598.9K shares	$142.0M 3.1M shares
Modern Wealth Management, LLC RIA/Wealth	+$25.1M +548.7K shares	$64.0M 1.4M shares
GREAT VALLEY ADVISOR GROUP, INC. RIA/Wealth	+$24.5M +536.6K shares	$24.5M 536.6K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$19.6M +429.1K shares	$159.7M 3.5M shares
WELLS FARGO & COMPANY/MN Institution	+$16.8M +367.2K shares	$80.4M 1.8M shares
H HAVERFORD TRUST CO Institution	+$16.4M +359.7K shares	$129.0M 2.8M shares
C CI Private Wealth, LLC RIA/Wealth	+$15.3M +334.2K shares	$82.2M 1.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
Richard Bernstein Advisors LLC Long Only Manager	−$60.6M −1.3M shares	$409.7M 9.0M shares
Parcion Private Wealth LLC RIA/Wealth	−$33.0M −732.4K shares	Sold Off 0 shares
True North Advisors, LLC RIA/Wealth	−$12.1M −269.3K shares	Sold Off 0 shares
L Leo Wealth, LLC Institution	−$10.8M −236.1K shares	$7.1M 156.3K shares
Integrys Wealth Advisors LLC RIA/Wealth	−$9.0M −193.6K shares	$15.1M 323.6K shares
STANSBERRY ASSET MANAGEMENT, LLC RIA/Wealth	−$4.4M −97.1K shares	$9.3M 203.4K shares
Madison Asset Management, LLC Long Only Manager	−$3.9M −85.4K shares	$74.9M 1.6M shares
F Financial Enhancement Group LLC RIA/Wealth	−$2.7M −59.7K shares	$19.0M 416.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$2.5M −55.3K shares	$2.7M 58.2K shares
C CLS Investments, LLC Institution	−$1.8M −39.5K shares	$1.7M 36.6K shares

Entry and Exit Activity

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

New Positions: 28
New Value: $66.6M
Exited Positions: 19
Exited Value: $48.6M

New Positions

Institution	Position Value
GREAT VALLEY ADVISOR GROUP, INC. RIA/Wealth	$24.5M 536.6K shares
SEVEN MILE ADVISORY RIA/Wealth	$11.8M 257.4K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$7.7M 168.7K shares
G GENESIS PRIVATE WEALTH, LLC Institution	$6.7M 146.9K shares
AMERIPRISE FINANCIAL INC Institution	$2.6M 57.8K shares
Sterneck Capital Management, LLC RIA/Wealth	$2.6M 57.4K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$2.1M 46.2K shares
A4 Wealth Advisors LLC RIA/Wealth	$1.4M 30.1K shares
HEADINVEST, LLC RIA/Wealth	$1.3M 28.3K shares
V VIAWEALTH, LLC RIA/Wealth	$1.1M 24.0K shares

Exited Positions

Institution	Previous Position
Parcion Private Wealth LLC RIA/Wealth	$33.0M 732.4K shares
True North Advisors, LLC RIA/Wealth	$12.1M 269.3K shares
Sovran Advisors, LLC RIA/Wealth	$1.3M 29.8K shares
Bensler, LLC RIA/Wealth	$443.0K 9.8K shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	$337.7K 7.5K shares
C Crossmark Global Holdings, Inc. Institution	$329.9K 7.3K shares
TOWNSQUARE CAPITAL LLC RIA/Wealth	$313.2K 7.0K shares
T Triad Wealth Partners, LLC RIA/Wealth	$302.6K 6.7K shares
GeoWealth Management, LLC RIA/Wealth	$183.4K 4.1K shares
S Skopos Labs, Inc. RIA/Wealth	$100.7K 2.2K shares

Options Activity

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

Call Positions: 1
Call Value: $493.2K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$493.2K 108.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Richard Bernstein Advisors LLC Long Only Manager	Richard Nmn Bernstein CEO	11.68% $409.7M	9.0M shares	Q2 2023 Held for 2y 5m	$3.5B
Divergent Planning, LLC RIA/Wealth	Matthew Barnes Brock Managing Partner	10.60% $39.9M	874.4K shares	Q2 2021 Held for 4y 5m	$376.5M
Seed Wealth Management, Inc. RIA/Wealth	Jonathan Halleck Seed President	6.38% $6.8M	149.5K shares	Q4 2022 Held for 2y 11m	$107.1M
Rise Advisors, LLC RIA/Wealth	Mark Bradford Jones Partner	5.91% $16.5M	360.4K shares	Q4 2023 Held for 1y 11m	$278.4M
Towneley Capital Management, Inc / DE RIA/Wealth	Ernest Daniel Garrett President	5.85% $26.9M	589.4K shares	Q4 2023 Held for 1y 11m	$460.4M
A ASB Consultores, LLC RIA/Wealth	Alex Abraham Silberwasser Bacal CCO	4.83% $1.1M	24.0K shares	Q4 2023 Held for 1y 11m	$22.7M
Sage Advisory Services, Ltd.Co. Long Only Manager	Jr. Robert Peck President	4.65% $8.6M	187.5K shares	Q4 2023 Held for 1y 11m	$184.2M
Fourth Dimension Wealth, LLC RIA/Wealth	Douglas Ryan Magers CEO	4.48% $11.7M	256.5K shares	Q4 2024 Held for 11 months	$261.2M
FOSTER & MOTLEY INC RIA/Wealth	Lucas Parker Hail Chairman	4.40% $78.6M	1.7M shares	Q2 2023 Held for 2y 5m	$1.8B
Symphony Financial Services, Inc. RIA/Wealth	John Y Kim President	4.17% $7.7M	169.2K shares	Q2 2024 Held for 1y 5m	$185.3M

Hedge Fund Spotlight

Discover hedge funds investing in JMBS

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Janus Henderson Mortgage-Backed Securities

Market Value: $2.7M
Shares Held: 58.2K
Portfolio Weight: 0.00%
Owned Since: 2020-Q2

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%