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← Janus Henderson Group Ltd, its record

Janus Henderson Group Ltd and Neuberger Berman Group LLC: where the books meet

At Q2 2026, at least 41% of the two 13F books was the same, across 204 stocks both listed, against 29% 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%22%43%Q2 2013: 29%, 229 in bothQ3 2013: 27%, 221 in bothQ4 2013: 26%, 221 in bothQ1 2014: 26%, 221 in both14Q2 2014: 25%, 220 in bothQ3 2014: 25%, 222 in bothQ4 2014: 29%, 233 in bothQ1 2015: 29%, 227 in both15Q2 2015: 29%, 235 in bothQ3 2015: 30%, 238 in bothQ4 2015: 32%, 244 in bothQ1 2016: 33%, 243 in both16Q2 2016: 32%, 243 in bothQ3 2016: 31%, 241 in bothQ4 2016: 31%, 245 in bothQ1 2017: 32%, 244 in both17Q2 2017: 34%, 223 in bothQ3 2017: 34%, 218 in bothQ4 2017: 33%, 220 in bothQ1 2018: 32%, 223 in both18Q2 2018: 32%, 218 in bothQ3 2018: 34%, 226 in bothQ4 2018: 34%, 225 in bothQ1 2019: 35%, 232 in both19Q2 2019: 36%, 233 in bothQ3 2019: 37%, 233 in bothQ4 2019: 36%, 223 in bothQ1 2020: 38%, 225 in both20Q2 2020: 37%, 216 in bothQ3 2020: 38%, 230 in bothQ4 2020: 35%, 212 in bothQ1 2021: 35%, 201 in both21Q2 2021: 36%, 205 in bothQ3 2021: 35%, 205 in bothQ4 2021: 35%, 204 in bothQ1 2022: 35%, 205 in both22Q2 2022: 34%, 201 in bothQ3 2022: 35%, 204 in bothQ4 2022: 34%, 205 in bothQ1 2023: 35%, 203 in both23Q2 2023: 36%, 207 in bothQ3 2023: 37%, 200 in bothQ4 2023: 37%, 192 in bothQ1 2024: 38%, 195 in both24Q2 2024: 40%, 203 in bothQ3 2024: 40%, 204 in bothQ4 2024: 41%, 202 in bothQ1 2025: 40%, 204 in both25Q2 2025: 41%, 204 in bothQ3 2025: 42%, 217 in bothQ4 2025: 43%, 205 in bothQ1 2026: 41%, 206 in both26Q2 2026: 41%, 204 in both
  • Q2 2013: 29%, 229 in both
  • Q3 2013: 27%, 221 in both
  • Q4 2013: 26%, 221 in both
  • Q1 2014: 26%, 221 in both
  • Q2 2014: 25%, 220 in both
  • Q3 2014: 25%, 222 in both
  • Q4 2014: 29%, 233 in both
  • Q1 2015: 29%, 227 in both
  • Q2 2015: 29%, 235 in both
  • Q3 2015: 30%, 238 in both
  • Q4 2015: 32%, 244 in both
  • Q1 2016: 33%, 243 in both
  • Q2 2016: 32%, 243 in both
  • Q3 2016: 31%, 241 in both
  • Q4 2016: 31%, 245 in both
  • Q1 2017: 32%, 244 in both
  • Q2 2017: 34%, 223 in both
  • Q3 2017: 34%, 218 in both
  • Q4 2017: 33%, 220 in both
  • Q1 2018: 32%, 223 in both
  • Q2 2018: 32%, 218 in both
  • Q3 2018: 34%, 226 in both
  • Q4 2018: 34%, 225 in both
  • Q1 2019: 35%, 232 in both
  • Q2 2019: 36%, 233 in both
  • Q3 2019: 37%, 233 in both
  • Q4 2019: 36%, 223 in both
  • Q1 2020: 38%, 225 in both
  • Q2 2020: 37%, 216 in both
  • Q3 2020: 38%, 230 in both
  • Q4 2020: 35%, 212 in both
  • Q1 2021: 35%, 201 in both
  • Q2 2021: 36%, 205 in both
  • Q3 2021: 35%, 205 in both
  • Q4 2021: 35%, 204 in both
  • Q1 2022: 35%, 205 in both
  • Q2 2022: 34%, 201 in both
  • Q3 2022: 35%, 204 in both
  • Q4 2022: 34%, 205 in both
  • Q1 2023: 35%, 203 in both
  • Q2 2023: 36%, 207 in both
  • Q3 2023: 37%, 200 in both
  • Q4 2023: 37%, 192 in both
  • Q1 2024: 38%, 195 in both
  • Q2 2024: 40%, 203 in both
  • Q3 2024: 40%, 204 in both
  • Q4 2024: 41%, 202 in both
  • Q1 2025: 40%, 204 in both
  • Q2 2025: 41%, 204 in both
  • Q3 2025: 42%, 217 in both
  • Q4 2025: 43%, 205 in both
  • Q1 2026: 41%, 206 in both
  • Q2 2026: 41%, 204 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 LtdNeuberger Berman Group LLC
Nvidia Corp(NVDA)6.6%Trimmed4.1%Added
Microsoft Corp(MSFT)2.8%Trimmed2.6%Trimmed
Amazon Com Inc(AMZN)2.4%Trimmed3.1%Added
Apple Inc(AAPL)2.2%Trimmed3.3%Added
Alphabet Inc(GOOG)4.3%Added2.1%Added
Lilly Eli & Co(LLY)1.9%Trimmed1.4%Trimmed
Broadcom Inc(AVGO)3.0%Added1.0%Trimmed
Facebook Inc(META)1.2%Trimmed0.9%Added
Micron Technology Inc(MU)1.4%Trimmed0.7%Trimmed
Johnson & Johnson(JNJ)0.8%Trimmed0.7%Added
Amphenol Corp New(APH)0.7%Trimmed0.7%Added
Visa Inc(V)0.6%Trimmed0.7%Trimmed
Advanced Micro Devices Inc(AMD)0.8%Added0.6%Trimmed
Applied Matls Inc(AMAT)0.6%Added0.6%Added
General Electric Co(GE)0.5%Added0.7%Trimmed
JPMorgan Chase & Co(JPM)0.5%Trimmed1.7%Added
Lam Research Corp(LRCX)1.7%Added0.5%Added
Mastercard Inc(MA)0.8%Trimmed0.4%Trimmed
Alphabet Inc(GOOGL)0.4%Trimmed2.4%Added
Eaton Corp PLC(ETN)0.8%Trimmed0.4%Trimmed

and 184 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; Neuberger Berman Group LLC added
  • Broadcom Inc(AVGO)Janus Henderson Group Ltd added; Neuberger Berman Group LLC trimmed
  • Amazon Com Inc(AMZN)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
  • Apple Inc(AAPL)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
  • Taiwan Semiconductor MFG LTD(TSM)Janus Henderson Group Ltd added; Neuberger Berman Group LLC trimmed
  • Alphabet Inc(GOOGL)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
  • Facebook Inc(META)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
  • JPMorgan Chase & Co(JPM)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
  • Flextronics Intl LTD(FLEX)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
  • Astrazeneca PLC(AZN)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
  • Advanced Micro Devices Inc(AMD)Janus Henderson Group Ltd added; Neuberger Berman Group LLC trimmed
  • iShares Trust(IVV)Janus Henderson Group Ltd trimmed; Neuberger Berman Group LLC added
Janus Henderson Group Ltd: the recordNeuberger Berman Group LLC: the record

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