Janus Henderson Small Cap Value Fund Q3 2025 Portfolio Review
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Janus Henderson Investors3.6K FollowersFollow5ShareSavePlay(4min)CommentsSummaryJanus Henderson Small Cap Value Fund portfolio ended the quarter overweight in the financials, consumer staples, information technology, and materials sectors.We invested in Kirby because of its strong competitive positioning and a lack of new industry supply that may support pricing.Tower Semiconductor issued a strong revenue growth outlook, reflecting strong demand related to artificial intelligence investment. Weedezign/iStock via Getty Images The following segment was excerpted from the Janus Henderson Small Cap Value Fund Q3 2025 Commentary. Portfolio review Our focus on high-quality value companies hindered relative performance in a quarter that rewarded lower-quality, often unprofitable companies. However, weThis article was written byJanus Henderson Investors3.6K FollowersFollowJanus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus Capital Group and Henderson Global Investors, we are committed to adding value through active management. For us, active is more than our investment approach – it is the way we translate ideas into action, how we communicate our views and the partnerships we build in order to create the best outcomes for clients. While our investment managers have the flexibility to follow approaches best suited to their areas of expertise, overall our people come together as a team. This is reflected in our Knowledge. Shared ethos, which informs the dialogue across the business and drives our commitment to empowering clients to make better investment and business decisions.www.janushenderson.comQuick InsightsHow does the fund justify holding KEX and GPOR despite recent underperformance?I maintain positions in KEX and GPOR due to strong competitive positioning, capital discipline, and attractive reward/risk ratios, expecting long-term share price recovery as industry fundamentals improve.What forward drivers supported TSM and HLIO’s outperformance in the quarter?TSM benefited from robust AI-driven demand and capacity constraints, while HLIO delivered better-than-expected earnings, reflecting increased earnings power and solid execution.How is the portfolio currently positioned across sectors, and what does this imply for risk?The portfolio is overweight in financials, consumer staples, IT, and materials, while underweight in sectors like healthcare and energy, reflecting a tilt toward quality and valuation discipline amid market narrowness.Recommended For You