Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
106 hedge funds and large institutions have $500M invested in Janus Henderson Small/Mid Cap Growth Alpha ETF in 2025 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 27 reducing their positions, and 3 closing their positions.
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
70% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 27
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
23% more capital invested
Capital invested by funds: $407M → $500M (+$93M)
9% more funds holding
Funds holding: 97 → 106 (+9)
4.49% less ownership
Funds ownership: 76.66% → 72.17% (-4.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$15M |
| 2 |
RA
Rise Advisors
Rochester,
New York
|
+$13.6M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$12.7M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$8.38M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$8.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$11.5M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$6.27M |
| 3 |
SL
Systelligence LLC
Bloomington,
Minnesota
|
-$2.45M |
| 4 |
TSMHT
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
|
-$1.28M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$495K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
101
AE Wealth Management
Topeka,
Kansas
| $12K | +$8.2K | +101 | +235% |
|
|
AF
102
Allworth Financial
Folsom,
California
| $11.1K | – | – | – |
|
|
GWM
103
Geneos Wealth Management
Englewood,
Colorado
| $7.11K | – | – | – |
|
|
PB
104
Pinnacle Bancorp
Beatrice,
Nebraska
| $5.43K | +$1.46K | +18 | +38% |
|
|
MFT
105
Moisand Fitzgerald Tamayo
Orlando,
Florida
| $3.09K | – | – | – |
|
|
CPG
106
Cornerstone Planning Group
Fairfield,
New Jersey
| $1.34K | – | – | – |
|
107
Wells Fargo
San Francisco,
California
| $50 | -$5.76K | -71 | -99% |
|
|
108
Citadel Advisors
Miami,
Florida
| – | -$495K | -6,379 | Closed |
|
|
CFP
109
Comprehensive Financial Planning
East Petersburg,
Pennsylvania
| – | -$4.31K | -55 | Closed |
|
110
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1.71K | -22 | Closed |
|
JSMD Hedge Fund Activity: Q3 2025 in Review
106 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) for Q3 2025, worth a combined $500M — up 23% from $407M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new JSMD positions and 3 closed out — a net gain of 11 holders — while 46 added to existing stakes and 27 trimmed.
The largest buyer was Thrivent Financial for Lutherans, opening a new position worth an estimated $15M. The largest seller was Bank of America, cutting an estimated $11.5M.
- 106 institutional investors held Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) as of Q3 2025, up from 97 in Q2 2025.
- Funds reported $500M of Janus Henderson Small/Mid Cap Growth Alpha ETF stock for Q3 2025, up 23% quarter-over-quarter.
- 14 funds opened new Janus Henderson Small/Mid Cap Growth Alpha ETF positions in Q3 2025 and 3 closed out, a net change of +11 holders.
- The largest Janus Henderson Small/Mid Cap Growth Alpha ETF buyer in Q3 2025 was Thrivent Financial for Lutherans, an estimated $15M added.
- The largest Janus Henderson Small/Mid Cap Growth Alpha ETF seller in Q3 2025 was Bank of America, an estimated $11.5M sold.
Based on aggregated 13F filings for Q3 2025.