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← Neuberger Berman Group LLC, its record

Neuberger Berman Group LLC and Janus Henderson Group Ltd: 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.

StockNeuberger Berman Group LLCJanus Henderson Group Ltd
Nvidia Corp(NVDA)4.1%Added6.6%Trimmed
Microsoft Corp(MSFT)2.6%Trimmed2.8%Trimmed
Amazon.com Inc(AMZN)3.1%Added2.4%Trimmed
Apple Inc(AAPL)3.3%Added2.2%Trimmed
Alphabet Inc(GOOG)2.1%Added4.3%Added
Eli Lilly & Co(LLY)1.4%Trimmed1.9%Trimmed
Broadcom Inc(AVGO)1.0%Trimmed3.0%Added
Facebook Inc(META)0.9%Added1.2%Trimmed
Micron Technology Inc(MU)0.7%Trimmed1.4%Trimmed
Johnson & Johnson(JNJ)0.7%Added0.8%Trimmed
Amphenol Corp New-cl A(APH)0.7%Added0.7%Trimmed
Visa Inc(V)0.7%Trimmed0.6%Trimmed
Advanced Micro Devices Inc(AMD)0.6%Trimmed0.8%Added
Applied Materials Inc(AMAT)0.6%Added0.6%Added
General Electric Co(GE)0.7%Trimmed0.5%Added
J P Morgan Chase & Co(JPM)1.7%Added0.5%Trimmed
Lam Research Corp(LRCX)0.5%Added1.7%Added
Mastercard Inc(MA)0.4%Trimmed0.8%Trimmed
Alphabet Inc(GOOGL)2.4%Added0.4%Trimmed
***eaton Corporation PLC(ETN)0.4%Trimmed0.8%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)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • Broadcom Inc(AVGO)Neuberger Berman Group LLC trimmed; Janus Henderson Group Ltd added
  • Amazon.com Inc(AMZN)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • Apple Inc(AAPL)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • Taiwan Semiconductor MFG LTD(TSM)Neuberger Berman Group LLC trimmed; Janus Henderson Group Ltd added
  • Alphabet Inc(GOOGL)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • Facebook Inc(META)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • J P Morgan Chase & Co(JPM)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • ***flextronics International(FLEX)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • Astrazeneca PLC(AZN)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
  • Advanced Micro Devices Inc(AMD)Neuberger Berman Group LLC trimmed; Janus Henderson Group Ltd added
  • **shares Trust(IVV)Neuberger Berman Group LLC added; Janus Henderson Group Ltd trimmed
Neuberger Berman Group LLC: the recordJanus Henderson Group Ltd: the record

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