Janus Henderson Forty Fund’s Q3 2025 Investor Letter

Janus Henderson Investors, an investment management company, released its “Forty Fund” third-quarter 2025 investor letter. US equities surged in the third quarter on positive corporate earnings news and hopes for Federal Reserve (Fed) rate cuts. The fund returned 8.38% in the third quarter, compared to the Russell 1000 Growth Index’s 10.51% return. Stock selection in the healthcare sector contributed to the relative performance of the fund in the quarter, while stock selection in the consumer discretionary sector detracted. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Janus Henderson Forty Fund’s Q3 2025 investor letter can be downloaded here.