Janus Henderson Venture Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Janus Henderson Venture Fund held 146 positions with $3.62B in net assets. Its ten largest holdings made up 20.1% of the fund. The JAVTX share class costs 0.92% a year. Over the 12 months to May 2026, JAVTX returned 26.6%, with dividends reinvested. In 2026 Q2 it added 39 new positions and exited 39.
Janus Henderson Venture Fund seeks capital appreciation.
The fund invests at least 50% of its net assets in small-capitalization companies defined by the Russell 2000 Growth Index range, using a bottom-up fundamental analysis that evaluates valuation, operating margins, returns on capital, and financially material environmental, social, and governance factors; it may also hold larger companies with strong growth potential and foreign securities. Because the fund's holdings depend on portfolio management's assessment of individual companies rather than an index methodology, performance will diverge from any benchmark. The fund may lend securities up to one-third of assets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GKOSGlaukos Corp. | 2.59% | $93.89M | 671.8K | $139.76 |
2.40% | $87.11M | 275.6K | $316.09 | |
2.19% | $79.27M | 2.2M | $35.65 | |
2.12% | $76.87M | 313.5K | $245.17 | |
1.99% | $71.99M | 384.4K | $187.28 | |
Tower Semiconductor Ltd. | 1.89% | $68.45M | 262.6K | $260.64 |
1.87% | $67.69M | 746.0K | $90.74 | |
1.73% | $62.72M | 735.9K | $85.23 | |
1.70% | $61.48M | 77.4K | $794.79 | |
Janus Henderson Cash Liquidity Fund LLC | 1.64% | $59.36M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 146 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.28% |
| Cash & short-term | 2.99% |
| Other | 0.01% |
| Derivatives | -0.07% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Health Care
- 26.8%
- Industrials
- 22.7%
- Information Technology
- 13.5%
- International
- 11.1%
- 10 other sectors
- 26.0%
- Health Care
- 26.8%
- Industrials
- 22.7%
- Information Technology
- 13.5%
- International
- 11.1%
- Financials
- 6.9%
- Consumer Discretionary
- 4.2%
- Materials
- 3.7%
- Cash
- 3.0%
- Consumer Staples
- 2.4%
- Communication Services
- 2.4%
- Energy
- 1.3%
- Other
- 1.2%
- Utilities
- 0.5%
- Real Estate
- 0.3%
How it has done
JAVTX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.26%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.92% | +26.60% | +39.61% | +26.08% | -14.67% | |
| 0.79% | +26.73% | +40.06% | +26.76% | -14.65% | |
| 1.04% | +26.41% | +39.04% | +25.29% | -14.72% | |
| 1.96% | +25.35% | +35.99% | +20.47% | -14.96% | |
| 0.77% | +26.77% | +40.20% | +26.98% | -14.65% | |
| 1.18% | +26.25% | +38.46% | +24.35% | -14.76% | |
| 0.67% | +26.90% | +40.54% | +27.53% | -14.62% |
These classes hold the same portfolio, so the 7.06pp spread over 5 years is the cost difference between them — roughly 1.41pp a year — not a difference in what they own.
Fees & fund details
Janus Henderson Venture Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.67% – 1.96%· JAVTX 0.92%
- Portfolio turnover
- 24.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
39 new· the largest 8
39 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — JAVTX, QQQ and the fund in my 401(k)?”
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