Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
48
Top-10 weight
43.36%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
31
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
63.7
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | Janus Henderson Cash Liquidity Fund LLC | — | 64,694,053 | $64.69M | 9.73% |
| 2 | ASML HOLDING NV | — | 28,075 | $37.16M | 5.59% |
| 3 | NOVARTIS AG-REG | — | 187,060 | $28.41M | 4.27% |
| 4 | CFD_EQS GOLDUS33 5705946 | SAN | 2,164,351 | $24.49M | 3.68% |
| 5 | Erste Group Bank AG NPV | EBKOF | 226,641 | $24.49M | 3.68% |
| 6 | Total S.A. | TTE US | 257,914 | $23.81M | 3.58% |
| 7 | Iberdrola, S.A. EUR0.75 | IBE SM | 943,765 | $21.66M | 3.26% |
| 8 | SIEMENS AG-REG /EUR/ 0.00000000 | SMAWF | 86,756 | $20.57M | 3.10% |
| 9 | Roche Holding AG CHF0.001 | — | 50,592 | $19.98M | 3.01% |
| 10 | Shell PLC ORD EUR0.07 | SHELL NA | 426,005 | $19.89M | 2.99% |
| 11 | BBVA | BBVXF | 812,968 | $17.74M | 2.67% |
| 12 | Orange SA EUR4 | FNCTF | 769,259 | $15.72M | 2.36% |
| 13 | SANDVIK AB /SEK/ 0.00000000 | SDVKF | 400,720 | $15.32M | 2.30% |
| 14 | CFD_EQS GOLDUS33 B01FLQ6 | ACSAF | 117,450 | $14.53M | 2.19% |
| 15 | Rolls-Royce Holdings PLC ORD GBP0.20 | RYCEF | 949,259 | $14.49M | 2.18% |
| 16 | Argenx SE EUR0.10 | ARGX BB | 18,787 | $13.69M | 2.06% |
| 17 | Knorr-Bremse AG NPV | KNBHF | 122,003 | $13.62M | 2.05% |
| 18 | CRH PLC | — | 127,248 | $13.38M | 2.01% |
| 19 | Rheinmetall AG NPV | RNMBF | 7,968 | $13.29M | 2.00% |
| 20 | WARTSILA OYJ ABP | — | 345,891 | $12.93M | 1.95% |
| 21 | Siemens Energy AG NPV | SMEGF | 77,610 | $12.77M | 1.92% |
| 22 | NOKIA OYJ /EUR/ 0.00000000 | NOKBF | 1,523,048 | $12.14M | 1.83% |
| 23 | LEONARDO SPA NPV | FINMF | 180,379 | $12.11M | 1.82% |
| 24 | INVESTOR AB-B | — | 303,150 | $11.48M | 1.73% |
| 25 | UniCredit S.p.A. NPV | UNCFF | 150,789 | $10.86M | 1.63% |
| 26 | ASR Nederland N.V. EUR0.16 | ASRRF | 157,533 | $10.85M | 1.63% |
| 27 | ABN AMRO Bank N.V. DR EACH REP SHS | ABMRF | 327,913 | $10.49M | 1.58% |
| 28 | Thales SA EUR3 | THLEF | 34,093 | $10.01M | 1.51% |
| 29 | ASM INTL. NV | ASMXF | 13,053 | $9.94M | 1.50% |
| 30 | BASF SE | — | 163,963 | $9.91M | 1.49% |
| 31 | CFD_EQS GOLDUS33 B0DJ8Q5 | AOMFF | 345,934 | $9.86M | 1.48% |
| 32 | Epiroc AB SER'A'NPV | EPIAF | 400,648 | $9.84M | 1.48% |
| 33 | TECHNIP ENERGIES NV /EUR/ 0.00000000 | THNPF | 230,378 | $9.68M | 1.46% |
| 34 | UPM-KYMMENE OYJ /EUR/ 0.00000000 | UPMKF | 310,023 | $9.64M | 1.45% |
| 35 | NatWest Group PLC ORD GBP1.0769 | RBSPF | 1,258,093 | $9.33M | 1.40% |
| 36 | FINECOBANK SPA /EUR/ 0.00000000 | FCBBF | 418,879 | $9.30M | 1.40% |
| 37 | CFD_EQS GOLDUS33 0045614 | ANFGF | 206,127 | $9.17M | 1.38% |
| 38 | ANGLO AMER PLC | AAUKF | 211,089 | $8.97M | 1.35% |
| 39 | NXP SEMICONDUCTO | — | 41,883 | $8.25M | 1.24% |
| 40 | INDUSTRIA DE DISENO TEXTIL | — | 140,596 | $8.08M | 1.22% |
| 41 | INTERCONTINENTAL | — | 56,809 | $7.48M | 1.13% |
| 42 | SUNBELT RENTALS | — | 92,758 | $5.92M | 0.89% |
| 43 | Huber + Suhner A.G. | — | 25,269 | $5.60M | 0.84% |
| 44 | TUI AG /EUR/ 0.00000000 | TUIFF | 407,798 | $3.09M | 0.47% |
| 45 | Vestas Wind Systems AS DKK0.20 | VWSYF | 90,468 | $2.71M | 0.41% |
| 46 | Janus Henderson Cash Collateral Fund LLC | — | 193,097 | $193.10K | 0.03% |
| 47 | US ULTRA BOND CBT Sep25 | — | 48,274 | $48.27K | 0.01% |
| 48 | United Kingdom Pound Cash Balance | — | 1,931 | $1.93K | 0.00% |
| 49 | Euro Member Countries Cash Balance | — | -18,864 | -$18.86K | -0.00% |
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