SCHEDULE: Janus Henderson Discloses 7.0% Stake in Flex Ltd.

Janus Henderson Group plc has filed an amended Schedule 13G, reporting a 7.0% beneficial ownership stake in Flex Ltd. as of September 30, 2025.

Summary

• Janus Henderson Group plc, a Jersey-based entity, reported beneficial ownership of 26,309,846 Ordinary Shares of FLEX LTD.
• This ownership represents 7.0% of the class of securities.
• The filing is an Amendment No. 6 to a Schedule 13G, indicating an update to a previously disclosed stake.
• The shares are held with shared voting power and shared dispositive power.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Flex Ltd.
• Indirect subsidiaries of Janus Henderson, including JHIUS, JHIUKL, and JHIAIFML, are registered investment advisers furnishing investment advice to Managed Portfolios.
• JHIUS alone may be deemed to beneficially own 23,932,685 shares, representing 6.4% of the class.

Sentiment

Score: 5

Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would significantly alter the sentiment towards Flex Ltd. It is a neutral, factual report of an existing institutional stake.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Flex Ltd.'s future performance or strategy.

Management Comments

• The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Flex Ltd.

Industry Context

This filing reflects a routine disclosure by a large institutional asset manager, Janus Henderson Group plc, regarding its passive investment in Flex Ltd. It indicates continued institutional interest in Flex Ltd. within the broader electronics manufacturing services industry.

Comparison to Industry Standards

• As a passive Schedule 13G filing, this document does not provide specific operational or financial results for comparison. It merely discloses an institutional ownership stake.
• The 7.0% stake is a significant holding for an institutional investor, indicating a notable position in Flex Ltd. compared to typical smaller portfolio allocations.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in Flex Ltd., which can be viewed positively as a vote of confidence from a major asset manager.

Next Steps

• Janus Henderson Group plc will continue to file amendments to Schedule 13G as required by changes in its beneficial ownership of Flex Ltd. shares.

Key Dates

Keywords

Flex Ltd., Janus Henderson Group, Schedule 13G, Beneficial Ownership, Institutional Investor, Ordinary Shares, Y2573F102