Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
97 hedge funds and large institutions have $407M invested in Janus Henderson Small/Mid Cap Growth Alpha ETF in 2025 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 43 increasing their positions, 22 reducing their positions, and 9 closing their positions.
133% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 9
95% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 22
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
27% more capital invested
Capital invested by funds: $321M → $407M (+$85.6M)
14% more funds holding
Funds holding: 85 → 97 (+12)
1.81% more ownership
Funds ownership: 74.85% → 76.66% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$8.39M |
| 2 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
+$8.03M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$7.58M |
| 4 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$6.85M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$6.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.44M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.37M |
| 3 |
TC
TownSquare Capital
Provo,
Utah
|
-$1.39M |
| 4 |
AIA
AssuredPartners Investment Advisors
Tampa,
Florida
|
-$1.28M |
| 5 |
NG
Norden Group
Provo,
Utah
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EWM
101
EPG Wealth Management
Atlanta,
Georgia
| – | -$141K | -2,020 | Closed |
|
102
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$81.4K | -1,163 | Closed |
|
103
William Blair & Company
Chicago,
Illinois
| – | -$48.1K | -687 | Closed |
|
|
FDW
104
Fourth Dimension Wealth
Middleburg Heights,
Ohio
| – | -$14K | -200 | Closed |
|
|
S
105
SignatureFD
Atlanta,
Georgia
| – | -$7.7K | -110 | Closed |
|
|
NECFA
106
New England Capital Financial Advisors
Meriden,
Connecticut
| – | -$635 | -9 | Closed |
|
JSMD Hedge Fund Activity: Q2 2025 in Review
97 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) for Q2 2025, worth a combined $407M — up 27% from $321M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new JSMD positions and 9 closed out — a net gain of 12 holders — while 43 added to existing stakes and 22 trimmed.
The largest buyer was LPL Financial, adding an estimated $8.39M. The largest seller was Morgan Stanley, cutting an estimated $6.44M.
- 97 institutional investors held Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) as of Q2 2025, up from 85 in Q1 2025.
- Funds reported $407M of Janus Henderson Small/Mid Cap Growth Alpha ETF stock for Q2 2025, up 27% quarter-over-quarter.
- 21 funds opened new Janus Henderson Small/Mid Cap Growth Alpha ETF positions in Q2 2025 and 9 closed out, a net change of +12 holders.
- The largest Janus Henderson Small/Mid Cap Growth Alpha ETF buyer in Q2 2025 was LPL Financial, an estimated $8.39M added.
- The largest Janus Henderson Small/Mid Cap Growth Alpha ETF seller in Q2 2025 was Morgan Stanley, an estimated $6.44M sold.
Based on aggregated 13F filings for Q2 2025.