ETFs & Funds
Home›ETFs & Funds›Fund Industry›Janus Henderson highlights Seagate as Global Sustainab…
Janus Henderson highlights Seagate as Global Sustainable Equity winner
The fund said Seagate returned more than 100% in the quarter after it was added in mid-January, citing accelerating data growth and improved pricing.
Janus Henderson’s second-quarter 2026 investor letter for its Global Sustainable Equity Fund highlighted Seagate Technology Holdings plc as a key contributor to results. The fund reported a quarterly return of 16.17%, ahead of the index gain of 13.16% and the peer group’s 12.98% performance, with information technology, including AI infrastructure, identified as a main driver.
According to the letter, the portfolio benefitted from an overweight in information technology and AI infrastructure, while underweight positions in areas such as energy, materials, and consumer staples helped shape relative results. Janus Henderson said AI contributed meaningfully to returns, with chipmakers among the standout performers and information technology topping the quarter with returns of over 30%.
For Seagate specifically, the firm pointed to strong execution and demand for hard disk drives. It said it added Seagate in mid-January, and that the position returned more than 100% during the quarter, attributing the move to accelerating exabyte growth, better pricing, and high incremental margins.
The letter also discussed the company’s storage-density efforts, including Mozaic and heat assisted magnetic recording, as part of its mix improvement approach. It said demand is supported by long-term customer agreements and rising storage needs from AI inference and multimodal models, and it referenced Seagate’s $187.41 billion market capitalization and the stock’s July 15, 2026 close at $828.30 per share.