Focused Investors LLC

CIK 1426398 · View on SEC EDGAR ↗

Portfolio value
$3.0B
#1,180 of 9,443 by 13F value · top 12.5%
Positions
23
As of
June 30, 2026

Portfolio value QoQ: -3.7% 13F does not disclose cash

Top 10 holdings weight
62.03%
Top 25 holdings weight
100.00%
Positions above 1%
23
Effective number of positions
19.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 4.26% Est. buys $128,658,937 · sells $409,189,282

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 88.5% still held

New positions
2
Increased
0
Decreased
21
Closed
1
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Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+10.6%
S&P 500 total return (same window)
+28.1%
Excess return
-17.5%

Annualized: +7.0% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 100.0% · Options excluded: 0.0%

Sector breakdown

Health Care
27.8%
Financial Services
24.5%
Technology
10.3%
Retail
9.4%
Industrials
8.1%
Communication Services
5.4%
Logistics & Transportation
4.5%
Consumer Staples
4.4%
Consumer Discretionary
3.4%
Financials
2.3%

Full portfolio 23 positions

Type Streak 8Q trend
GS Goldman Sachs Group, Inc. (The) Common Stock $246,774,280 8.33% 244,000 $17,426,391 Down ×3
MS Morgan Stanley Common Stock $230,790,612 7.79% 1,104,050 $28,641,053 Down ×3
JNJ Johnson & Johnson Common Stock $215,315,766 7.27% 847,800 $-13,455,630 Down ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $184,331,905 6.22% 443,500 $51,823,982 Down ×3
ELV Elevance Health, Inc. Common Stock $178,514,568 6.03% 461,600 $29,270,618 Down ×3
CI The Cigna Group Common Stock $172,548,112 5.82% 625,900 $-13,696,738 Down ×3
MSFT Microsoft Corporation - Common Stock $161,778,774 5.46% 433,700 $-15,680,724 Down ×1
DIS Walt Disney Company (The) Common Stock $160,222,562 5.41% 1,664,650 $-17,323,855 Down ×1
AXP American Express Company Common Stock $154,123,612 5.20% 455,650 $2,142,536 Down ×1
FDX FedEx Corporation Common Stock $133,080,250 4.49% 425,000 $-33,932,552 Down ×3
PEP PepsiCo, Inc. - Common Stock $131,696,810 4.45% 972,650 $-34,890,537 Down ×2
TJX TJX Companies, Inc. (The) Common Stock $125,032,950 4.22% 825,300 $-20,789,120 Down ×3
MCD McDonald's Corporation Common Stock $99,420,018 3.36% 367,800 $-27,164,749 Down ×3
GPN Global Payments Inc. Common Stock $94,386,048 3.19% 1,300,800 $-2,182,722 Down ×2
LOW Lowe's Companies, Inc. Common Stock $86,200,565 2.91% 390,950 $-16,427,653 Down ×3
LHX L3Harris Technologies, Inc. Common Stock $82,571,148 2.79% 284,150 $-25,892,239 Down ×3
ORCL Oracle Corporation Common Stock $81,738,262 2.76% 557,750 $-9,050,674 Down ×1
NOC Northrop Grumman Corporation Common Stock $81,642,393 2.76% 160,300 $-39,386,983 Down ×3
LMT Lockheed Martin Corporation Common Stock $75,349,134 2.54% 147,900 $-23,166,436 Down ×3
CNC Centene Corporation Common Stock $71,748,372 2.42% 1,117,750 $31,375,041 Down ×3
MRSH Marsh Common Stock $67,384,681 2.27% 404,300 Up ×1
HD Home Depot, Inc. (The) Common Stock $66,480,180 2.24% 188,500 $-1,764,495 Down ×3
ACN Accenture plc Class A Ordinary Shares (Ireland) $61,274,256 2.07% 492,400 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
MRSH $67,384,681 404,300 2.27%
ACN $61,274,256 492,400 2.07%

Top movers (QoQ)

Security Action Shares Δ Value Δ
UNH Trimmed -46K +$51.8M
NOC Trimmed -17K -$39.4M
PEP Trimmed -100K -$34.9M
FDX Trimmed -44K -$33.9M
CNC Trimmed -115K +$31.4M
ELV Trimmed -48K +$29.3M
MS Trimmed -124K +$28.6M
MCD Trimmed -40K -$27.2M
LHX Trimmed -30K -$25.9M
LMT Trimmed -15K -$23.2M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
FISV Dec. 31, 2025 1,571,750 $202,645,727 -23.3%
RTX June 30, 2026 555,450 $107,146,305 12.1%
TGT June 30, 2025 653,700 $68,220,132 64.6%