Janus Henderson Small/Mid Cap Growth Alpha ETF
JSMD
109 hedge funds and large institutions have $502M 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, 48 increasing their positions, 28 reducing their positions, and 3 closing their positions.
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
262% more capital inflows, than outflows
Capital inflows: $88M | Capital outflows: $24.3M
71% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 28
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
9% more funds holding
Funds holding: 100 → 109 (+9)
4.57% less ownership
Funds ownership: 77.05% → 72.48% (-4.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$15M |
| 2 |
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 |
Systelligence LLC
Bloomington,
Minnesota
|
-$2.45M |
| 4 |
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
|
-$1.28M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$495K |
JSMD Hedge Fund Activity: Q3 2025 in Review
109 of the 7,660 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 $502M — up 23% from $409M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new JSMD positions and 3 closed out — a net gain of 11 holders — while 48 added to existing stakes and 28 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.
- 109 institutional investors held Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) as of Q3 2025, up from 100 in Q2 2025.
- Funds reported $502M 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.