Janus Henderson Group Ltd. reports beneficial ownership of common stock of Ziff Davis, Inc. as a passive institutional holder. Through its investment adviser subsidiaries (the Asset Managers), it may be deemed to beneficially own 3,587,806 shares of Ziff Davis common stock, representing 9.7% of the class.
All voting and dispositive authority over these shares is shared, with no sole power reported. The shares are held in client accounts referred to as Managed Portfolios, which have the right to receive all dividends and sale proceeds. Janus Henderson and its Asset Managers disclaim ownership of those economic rights, and no single Managed Portfolio holds more than five percent of Ziff Davis’s common stock.
Positive
None.
Negative
None.
Key Figures
Beneficially owned shares:3,587,806 sharesPercent of class:9.7%Shared voting power:3,587,806 shares+3 more
6 metrics
Beneficially owned shares3,587,806 sharesCommon stock of Ziff Davis, Inc. deemed beneficially owned by Janus Henderson Group Ltd.
Percent of class9.7%Proportion of Ziff Davis common stock class attributed to Janus Henderson’s managed holdings
Shared voting power3,587,806 sharesShares over which Janus Henderson has shared power to vote or direct the vote
Shared dispositive power3,587,806 sharesShares over which Janus Henderson has shared power to dispose or direct disposition
Sole voting power0 sharesZiff Davis shares over which Janus Henderson has sole voting authority
Sole dispositive power0 sharesZiff Davis shares over which Janus Henderson has sole dispositive authority
"may be deemed to be the beneficial owner of 3,587,806 common stock"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Managed Portfoliosfinancial
"collectively referred to herein as Managed Portfolios"
dispositive powerfinancial
"Shared Dispositive Power 3,587,806.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
shared voting powerfinancial
"Shared Voting Power 3,587,806.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
parent holding companyfinancial
"If a parent holding company has filed this schedule"
What percentage of Ziff Davis (ZD) does Janus Henderson Group report owning?
Janus Henderson Group reports being deemed the beneficial owner of 9.7% of Ziff Davis’s common stock. This interest arises through shares held in client accounts managed by its investment adviser subsidiaries, not through direct proprietary holdings.
How many Ziff Davis (ZD) shares are reported as beneficially owned by Janus Henderson?
Janus Henderson’s asset management subsidiaries may be deemed to beneficially own 3,587,806 shares of Ziff Davis common stock. These shares are held in various Managed Portfolios for clients, which receive all dividends and sale proceeds.
Does Janus Henderson have sole voting or dispositive power over Ziff Davis (ZD) shares?
No. The filing shows 0 shares with sole voting or dispositive power and 3,587,806 shares with shared voting and shared dispositive power, exercised through its investment adviser subsidiaries for client accounts.
Who receives dividends and sale proceeds from the Ziff Davis (ZD) shares managed by Janus Henderson?
The Managed Portfolios—client accounts of Janus Henderson’s adviser subsidiaries—have the right to receive all dividends and sale proceeds from the Ziff Davis shares. Janus Henderson and its Asset Managers expressly disclaim ownership of these economic rights.
Do any individual Janus Henderson client accounts hold over 5% of Ziff Davis (ZD)?
No. The filing states that among the Managed Portfolios, none owns more than five percent of Ziff Davis’s outstanding common stock. The reported 9.7% stake reflects shares aggregated across multiple client portfolios.
What role do Janus Henderson’s subsidiaries play regarding Ziff Davis (ZD) shares?
Subsidiaries such as Janus Henderson Investors US LLC and others act as Asset Managers, exercising investment and/or voting discretion for client Managed Portfolios. This discretionary authority leads to their being deemed beneficial owners of the 3,587,806 Ziff Davis shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
ZIFF DAVIS, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
48123V102
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
48123V102
1
Names of Reporting Persons
JANUS HENDERSON GROUP Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
JERSEY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,587,806.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,587,806.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,587,806.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.7 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
ZIFF DAVIS, INC.
(b)
Address of issuer's principal executive offices:
360 PARK AVE SOUTH, 17TH FLOOR
NEW YORK, NY 10010
Item 2.
(a)
Name of person filing:
Janus Henderson Group Ltd.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Janus Henderson Group Ltd. It does not include securities, if any, beneficially owned by Janus Henderson Group Ltd.s ultimate parent Jupiter Topco LLC, the direct or indirect owners of Jupiter Topco LLC, or other persons that may be deemed under control of such owners. Any beneficial ownership by such persons has been disaggregated from that of Janus Henderson Group Ltd. in accordance with the release.
(b)
Address or principal business office or, if none, residence:
201 Bishopsgate
EC2M 3AE, United Kingdom
(c)
Citizenship:
Y9
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
48123V102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Janus Henderson Group Ltd. (JHG) is the ultimate parent of a number of SEC-registered investment advisers and foreign equivalents thereof, including but not limited to Janus Henderson Investors US LLC, Janus Henderson Investors UK Limited, Janus Henderson Investors Australia Institutional Funds Management Limited, Janus Henderson Investors Middle East Limited, Janus Henderson Investors (Jersey) Limited, Janus Henderson Investors (Japan) Limited, Janus Henderson Investors (Singapore) Limited, Kapstream Capital Pty Limited, Privacore Capital Advisors LLC, Tabula Investment Management Limited, Victory Park Capital Advisors LLC, and Richard Berstein Advisors LLC (each, an Asset Manager and together, the Asset Managers). The Asset Managers generally exercise investment and/or voting discretion on behalf of their clients which include investment companies, other investment advisers, institutional separate accounts and retail separate accounts (collectively referred to herein as Managed Portfolios).
As a result of their exercise of investment and/or voting discretion on behalf of the Managed Portfolios, the Asset Managers may be deemed to be the beneficial owner of 3,587,806 common stock of Ziff Davis, Inc. However, the Asset Managers do not have the right to receive any dividends from, or the proceeds from the sale of, the securities held in the Managed Portfolios and disclaim any ownership associated with such rights.
(b)
Percent of class:
9.7 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
3587806
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
3587806
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Managed Portfolios have the right to receive all dividends from, and the proceeds from the sale of, the securities held in their respective accounts.
Of the Managed Portfolios, none own more than five percent of the common stock of Ziff Davis, Inc.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please refer to Exhibit 99.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
N/A
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
N/A
Item 10.
Certifications:
By signing below I certify that, 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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
