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← Janus Henderson Group Ltd, its record

Janus Henderson Group Ltd and Invesco Ltd: where the books meet

At Q2 2026, at least 42% of the two 13F books was the same, across 227 stocks both listed, against 41% at Q2 2013. Overlap is the smaller of each shared stock’s two weights, added up: the part of one book that could be swapped for the other’s without a trade.

Overlap by quarter
0%23%45%Q2 2013: 41%, 304 in bothQ3 2013: 42%, 310 in bothQ4 2013: 42%, 309 in bothQ1 2014: 42%, 300 in both14Q2 2014: 42%, 312 in bothQ3 2014: 42%, 316 in bothQ4 2014: 38%, 290 in bothQ1 2015: 37%, 290 in both15Q2 2015: 36%, 283 in bothQ3 2015: 35%, 285 in bothQ4 2015: 37%, 290 in bothQ1 2016: 37%, 295 in both16Q2 2016: 33%, 304 in bothQ3 2016: 33%, 298 in bothQ4 2016: 34%, 290 in bothQ1 2017: 34%, 294 in both17Q2 2017: 35%, 255 in bothQ3 2017: 39%, 256 in bothQ4 2017: 39%, 258 in bothQ1 2018: 39%, 264 in both18Q2 2018: 40%, 276 in bothQ3 2018: 40%, 282 in bothQ4 2018: 40%, 282 in bothQ1 2019: 39%, 282 in both19Q2 2019: 38%, 275 in bothQ3 2019: 38%, 278 in bothQ4 2019: 33%, 277 in bothQ1 2020: 37%, 272 in both20Q2 2020: 36%, 272 in bothQ3 2020: 37%, 261 in bothQ4 2020: 35%, 250 in bothQ1 2021: 34%, 252 in both21Q2 2021: 34%, 251 in bothQ3 2021: 35%, 252 in bothQ4 2021: 36%, 251 in bothQ1 2022: 36%, 243 in both22Q2 2022: 33%, 215 in bothQ3 2022: 33%, 218 in bothQ4 2022: 33%, 222 in bothQ1 2023: 35%, 216 in both23Q2 2023: 38%, 222 in bothQ3 2023: 37%, 217 in bothQ4 2023: 37%, 211 in bothQ1 2024: 38%, 214 in both24Q2 2024: 40%, 212 in bothQ3 2024: 40%, 220 in bothQ4 2024: 41%, 224 in bothQ1 2025: 40%, 222 in both25Q2 2025: 41%, 219 in bothQ3 2025: 42%, 226 in bothQ4 2025: 45%, 224 in bothQ1 2026: 44%, 227 in both26Q2 2026: 42%, 227 in both
  • Q2 2013: 41%, 304 in both
  • Q3 2013: 42%, 310 in both
  • Q4 2013: 42%, 309 in both
  • Q1 2014: 42%, 300 in both
  • Q2 2014: 42%, 312 in both
  • Q3 2014: 42%, 316 in both
  • Q4 2014: 38%, 290 in both
  • Q1 2015: 37%, 290 in both
  • Q2 2015: 36%, 283 in both
  • Q3 2015: 35%, 285 in both
  • Q4 2015: 37%, 290 in both
  • Q1 2016: 37%, 295 in both
  • Q2 2016: 33%, 304 in both
  • Q3 2016: 33%, 298 in both
  • Q4 2016: 34%, 290 in both
  • Q1 2017: 34%, 294 in both
  • Q2 2017: 35%, 255 in both
  • Q3 2017: 39%, 256 in both
  • Q4 2017: 39%, 258 in both
  • Q1 2018: 39%, 264 in both
  • Q2 2018: 40%, 276 in both
  • Q3 2018: 40%, 282 in both
  • Q4 2018: 40%, 282 in both
  • Q1 2019: 39%, 282 in both
  • Q2 2019: 38%, 275 in both
  • Q3 2019: 38%, 278 in both
  • Q4 2019: 33%, 277 in both
  • Q1 2020: 37%, 272 in both
  • Q2 2020: 36%, 272 in both
  • Q3 2020: 37%, 261 in both
  • Q4 2020: 35%, 250 in both
  • Q1 2021: 34%, 252 in both
  • Q2 2021: 34%, 251 in both
  • Q3 2021: 35%, 252 in both
  • Q4 2021: 36%, 251 in both
  • Q1 2022: 36%, 243 in both
  • Q2 2022: 33%, 215 in both
  • Q3 2022: 33%, 218 in both
  • Q4 2022: 33%, 222 in both
  • Q1 2023: 35%, 216 in both
  • Q2 2023: 38%, 222 in both
  • Q3 2023: 37%, 217 in both
  • Q4 2023: 37%, 211 in both
  • Q1 2024: 38%, 214 in both
  • Q2 2024: 40%, 212 in both
  • Q3 2024: 40%, 220 in both
  • Q4 2024: 41%, 224 in both
  • Q1 2025: 40%, 222 in both
  • Q2 2025: 41%, 219 in both
  • Q3 2025: 42%, 226 in both
  • Q4 2025: 45%, 224 in both
  • Q1 2026: 44%, 227 in both
  • Q2 2026: 42%, 227 in both

Only quarters both managers filed. Where either filing has more positions than are read each quarter, a stock both hold below that range is not counted, so the figure is a floor.

What the overlap is made of, Q2 2026

Stocks both listed, by the smaller of the two weights. A weight is the stock’s share of that manager’s reported book, which says how large the position is, not how strongly it is held.

StockJanus Henderson Group LtdInvesco Ltd
Nvidia Corp(NVDA)6.6%Trimmed5.2%Added
Microsoft Corp(MSFT)2.8%Trimmed3.0%Added
Amazon Com Inc(AMZN)2.4%Trimmed2.7%Added
Apple Inc(AAPL)2.2%Trimmed4.3%Added
Broadcom Inc(AVGO)3.0%Added2.1%Trimmed
Alphabet Inc(GOOG)4.3%Added1.8%Added
Lam Research Corp(LRCX)1.7%Added1.8%Added
Micron Technology Inc(MU)1.4%Trimmed3.3%Added
Facebook Inc(META)1.2%Trimmed1.7%Added
Kla-tencor Corp(KLAC)1.4%Added1.1%Added
Advanced Micro Devices Inc(AMD)0.8%Added2.4%Added
Applied Matls Inc(AMAT)0.6%Added1.6%Added
Seagate Technology Hldngs PL(STX)0.6%Added0.6%Added
Alphabet Inc(GOOGL)0.4%Trimmed2.6%Added
Lilly Eli & Co(LLY)1.9%Trimmed0.4%Added
JPMorgan Chase & Co(JPM)0.5%Trimmed0.3%Added
Johnson & Johnson(JNJ)0.8%Trimmed0.3%Added
Intuitive Surgical Inc(ISRG)0.3%Added0.4%Added
Netflix Inc(NFLX)0.3%Trimmed0.8%Added
Datadog Inc(DDOG)0.7%Trimmed0.3%Added

and 207 smaller ones

Moved different ways in Q2 2026

Stocks one manager started or added to while the other trimmed or sold out, between the same two quarter ends. A 13F shows the quarter ends, never when in between anything was bought or sold, or why.

  • Nvidia Corp(NVDA)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Apple Inc(AAPL)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Micron Technology Inc(MU)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Microsoft Corp(MSFT)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Amazon Com Inc(AMZN)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Alphabet Inc(GOOGL)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Broadcom Inc(AVGO)Janus Henderson Group Ltd added; Invesco Ltd trimmed
  • Tesla MTRS Inc(TSLA)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Intel Corp(INTC)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Facebook Inc(META)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • Wal-mart Stores Inc(WMT)Janus Henderson Group Ltd trimmed; Invesco Ltd added
  • SanDisk Corp(SNDK)Janus Henderson Group Ltd trimmed; Invesco Ltd added
Janus Henderson Group Ltd: the recordInvesco Ltd: the record

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