Janus Henderson Forty Fund’s Q2 2026 Investor Letter

Janus Henderson Investors, an investment management company, released its “Forty Fund” Q2 2025 investor letter. The Fund returned 19.00% in the second quarter of 2026, outperforming the Russell 1000 Growth Index’s 16.74% gain as strong stock selection and an overweight position in healthcare supported results. The firm said resilient economic growth, robust corporate earnings, easing geopolitical tensions that pushed crude oil below $75 per barrel, and continued AI investment supported markets, although the Federal Reserve kept interest rates unchanged as inflation remained elevated. It added that AI-related opportunities remain a key driver of its outlook, noting demand for AI computing power is expected to exceed supply for the foreseeable future, while one portfolio holding reported revenue growth of more than 30% year over year, and another has an AI-related contracted orders backlog exceeding $550 billion. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

A copy of Janus Henderson Forty Fund’s Q2 2026 investor letter can be downloaded here.