SCHEDULE: Janus Henderson Boosts Ziff Davis Stake to 8.4%

Janus Henderson Group plc has filed an amendment to its Schedule 13G, reporting a beneficial ownership of 8.4% in Ziff Davis, Inc. common stock.

Summary

• Janus Henderson Group plc reported beneficial ownership of 3,439,093 shares of Ziff Davis, Inc. common stock.
• This ownership represents 8.4% of the class of securities.
• The filing is an Amendment No. 7 to a Schedule 13G, indicating an update to a previously reported stake.
• The event date requiring this filing was 09/30/2025.
• Janus Henderson Group plc is classified as a parent holding company and an investment adviser.
• Indirect subsidiaries, JHIUS, JHIUKL, and JHIAIFML, are identified as registered investment advisers furnishing investment advice to Managed Portfolios.
• Specifically, JHIUS may be deemed the beneficial owner of 3,344,132 shares, representing 8.2% of the class.
• The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Ziff Davis, Inc.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing disclosing beneficial ownership by an institutional investor. It does not contain information that would inherently be positive or negative for the issuer's performance or outlook.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

This filing indicates that Janus Henderson Group plc, a global asset manager, maintains a significant passive investment in Ziff Davis, Inc. Such institutional ownership is common for publicly traded companies and reflects an investment firm's portfolio allocation strategy. The amendment suggests an update to their existing position, which is a routine disclosure for institutional investors.

Management Changes

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception of the stock's stability and institutional interest.
• Management: Awareness of a large, passive institutional investor on their shareholder register.

Next Steps

• Janus Henderson Group plc will file further amendments to Schedule 13G if their beneficial ownership percentage changes significantly (e.g., crosses another 1% threshold) or if their investment intent changes from passive to active.

Key Dates

Keywords

Ziff Davis, Janus Henderson, Schedule 13G, beneficial ownership, common stock, institutional investor, asset management, SEC filing, 48123V102