LongSTRLAug 2026
Sterling Infrastructure, Inc.
Sterling Infrastructure is viewed as a beneficiary of continued investment in AI-related infrastructure. Its results demonstrated strong growth and attractive returns, although…
Janus Henderson Horizon Fund - Global Smaller Companies Fund
Global smaller-company equity strategy focused on good-quality, potentially undervalued businesses.$2.8B AUM14 published ideas
The fund invests at least 80% of its assets in equities and equity-related securities of smaller companies globally. Its investment process seeks good-quality but potentially undervalued stocks, with the managers emphasising that long-term real returns depend partly on the initial valuation paid.
Ideas from Janus Henderson Horizon Fund - Global Smaller Companies Fund
LongBLBDAug 2026
Blue Bird Corporation
Blue Bird's shares weakened after its earnings release as investors focused on unit deliveries and its acquisition of part of Ford's step-van chassis business. The fund…
LongAZAAug 2026
Avanza Bank Holding AB
The fund initiated a position in Swedish digital savings and investment platform Avanza. The managers believe the company can continue gaining market share. Their thesis rests on…
LongMMSIAug 2026
Merit Medical Systems, Inc.
The fund established a new position in Merit Medical. The company supplies disposable medical devices including guidewires, catheters and stents. The managers highlighted Merit…
LongCENTAug 2026
Central Garden & Pet Company
The fund initiated a position in Central Garden & Pet, a North American supplier of garden and pet-care products. The managers see attractive long-term growth characteristics in…
LongSTRLAug 2026
Sterling Infrastructure, Inc.
Sterling Infrastructure is viewed as a beneficiary of continued investment in AI-related infrastructure. Its results demonstrated strong growth and attractive returns, although…
LongHALOAug 2026
Halozyme Therapeutics, Inc.
Halozyme performed strongly after a series of positive royalty developments. Its drug-delivery technology allows certain medicines to be administered subcutaneously rather than…
Long8050.TAug 2026
Seiko Group Corporation
Seiko was another strong performer for the portfolio during August. The Japanese watch manufacturer has continued repositioning its brands further up the luxury spectrum. The…
LongBLBDAug 2026
Blue Bird Corporation
Blue Bird's shares weakened after its earnings release as investors focused on unit deliveries and its acquisition of part of Ford's step-van chassis business. The fund…
LongAZAAug 2026
Avanza Bank Holding AB
The fund initiated a position in Swedish digital savings and investment platform Avanza. The managers believe the company can continue gaining market share. Their thesis rests on…
LongMMSIAug 2026
Merit Medical Systems, Inc.
The fund established a new position in Merit Medical. The company supplies disposable medical devices including guidewires, catheters and stents. The managers highlighted Merit…
LongCENTAug 2026
Central Garden & Pet Company
The fund initiated a position in Central Garden & Pet, a North American supplier of garden and pet-care products. The managers see attractive long-term growth characteristics in…
LongHALOAug 2026
Halozyme Therapeutics, Inc.
Halozyme performed strongly after a series of positive royalty developments. Its drug-delivery technology allows certain medicines to be administered subcutaneously rather than…
Long8050.TAug 2026
Seiko Group Corporation
Seiko was another strong performer for the portfolio during August. The Japanese watch manufacturer has continued repositioning its brands further up the luxury spectrum. The…
Letters covered
- Horizon Global Smaller Companies Fund Monthly CommentaryAugust 31, 2026
- Horizon Global Smaller Companies Fund Monthly CommentaryAugust 31, 2026
Source PDFs are not republished here; only extracted ideas and quotes.