# Portfolio overlap — JRSCX vs TOPT

Comparing **Janus Henderson Adaptive Risk Managed U.S. Equity Fund** (2026-03-31) and **iShares Top 20 U.S. Stocks ETF** (2026-03-31).

- Shared positions: 15
- Janus Henderson Adaptive Risk Managed U.S. Equity Fund covered by iShares Top 20 U.S. Stocks ETF: 0.4905266309627364366988804797
- iShares Top 20 U.S. Stocks ETF covered by Janus Henderson Adaptive Risk Managed U.S. Equity Fund: 0.4905266309627364366988804797

## Janus Henderson Adaptive Risk Managed U.S. Equity Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.075965 | ✓ |
| APPLE INC | 0.068062 | ✓ |
| ALPHABET INC CL A | 0.064114 | ✓ |
| MICROSOFT CORP | 0.048469 | ✓ |
| AMAZON.COM INC | 0.036427 | ✓ |
| JPMORGAN CHASE and CO | 0.033459 | ✓ |
| WALMART INC | 0.029870 | ✓ |
| BERKSHIRE HATH-B | 0.026484 | ✓ |
| L3HARRIS TECHNOLOGIES INC | 0.024293 |  |
| BROADCOM INC | 0.022620 | ✓ |
| MCDONALDS CORP | 0.021763 |  |
| PARKER HANNIFIN CORP | 0.021639 |  |
| BANK OF AMERICA CORPORATION | 0.021001 |  |
| META PLATFORMS INC CL A | 0.020581 | ✓ |
| CBOE GLOBAL MARKETS INC | 0.019552 |  |
| ENTERGY CORP | 0.018706 |  |
| CAN IMPL BK COMM | 0.018351 |  |
| TORONTO-DOMINION BANK | 0.018057 |  |
| COSTCO WHOLESALE CORP | 0.017234 | ✓ |
| MASTERCARD INC CL A | 0.017220 | ✓ |
| RAMBUS INC | 0.016950 |  |
| EMERSON ELECTRIC CO | 0.016749 |  |
| TESLA INC | 0.016424 | ✓ |
| WELLTOWER INC | 0.016163 |  |
| COTERRA ENERGY INC | 0.014779 |  |
| MOODYS CORP | 0.014631 |  |
| CENCORA INC | 0.014489 |  |
| BOYD GAMING CORP | 0.014017 |  |
| METLIFE INC | 0.013432 |  |
| KLA CORP | 0.013431 |  |
| NASDAQ INC | 0.013413 |  |
| TAKE-TWO INTERACTV SOFTWR INC | 0.012922 |  |
| CUMMINS INC | 0.011893 |  |
| LILLY ELI and CO | 0.011080 | ✓ |
| RANGE RESOURCES CORP | 0.010676 |  |
| GOLDMAN SACHS GROUP INC | 0.010089 |  |
| TEXTRON INC | 0.009915 |  |
| EATON CORP PLC | 0.009569 |  |
| TRIMBLE INC | 0.009248 |  |
| CITIGROUP INC | 0.009108 |  |
| THE BOOKING HOLDINGS INC | 0.008935 |  |
| INTERCONTINENTAL EXCHANGE INC | 0.008872 |  |
| TRANE TECHNOLOGI | 0.008238 |  |
| HUNTINGTON INGALLS INDUSTRIES INC | 0.008161 |  |
| JABIL INC | 0.007081 |  |
| CBRE GROUP INC - CL A | 0.006674 |  |
| WHEATON PRECIOUS METALS CORP | 0.006359 |  |
| GUIDEWIRE SOFTWARE INC | 0.006180 |  |
| INTERACTIVE BROKERS GROUP INC | 0.005502 |  |
| BOSTON SCIENTIFIC CORP | 0.005281 |  |

## iShares Top 20 U.S. Stocks ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.160131 | ✓ |
| APPLE INC | 0.140789 | ✓ |
| ALPHABET INC CL A | 0.063262 | ✓ |
| MICROSOFT CORP | 0.059774 | ✓ |
| ALPHABET INC CL C | 0.050690 |  |
| AMAZON.COM INC | 0.046212 | ✓ |
| BERKSHIRE HATH-B | 0.045540 | ✓ |
| TESLA INC | 0.043007 | ✓ |
| BROADCOM INC | 0.042754 | ✓ |
| META PLATFORMS INC CL A | 0.041217 | ✓ |
| JPMORGAN CHASE and CO | 0.041112 | ✓ |
| LILLY ELI and CO | 0.037783 | ✓ |
| EXXON MOBIL CORP | 0.036752 |  |
| JOHNSON&JOHNSON | 0.030536 |  |
| WALMART INC | 0.028239 | ✓ |
| VISA INC-CLASS A | 0.026339 |  |
| COSTCO WHOLESALE CORP | 0.022919 | ✓ |
| MASTERCARD INC CL A | 0.021089 | ✓ |
| NETFLIX INC | 0.021042 |  |
| ABBVIE INC | 0.019921 |  |
| MICRON TECHNOLOGY INC | 0.019704 | ✓ |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 0.001189 |  |


## Sources

- N-PORT (fund A) — accession `0000277751-26-000134` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/277751/000027775126000134/0000277751-26-000134-index.htm>
- N-PORT (fund B) — accession `0002071691-26-012475` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000207169126012475/0002071691-26-012475-index.htm>

---

_Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._

_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

_Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See <https://fundwatcher.app/terms/>_