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Janus Managers Keep Cutting Tech

Firm continues to lighten up on growth stocks, add to value names.

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Janus? Was it once a growth shop?

After the Denver-based fund shop's most recent filing with the Securities and Exchange Commission, investors might be wondering where all the tech went. The firm that built its name by investing in high-growth tech, telecom and media stocks continues to pare back on those issues. According to the filing, the firm pulled back on technology and media stocks in the fourth quarter of 2001. Meanwhile, the firm's managers built bigger positions in defensive, value-oriented names.

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Catherine Hickey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.