Q2 2026 13F · SEC CIK 1426398
Focused Investors LLC
Institutional asset managerFiled 2026-07-28 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $3.0B
- Reported positions
- 23
- Top holdings a year, 3 yrs
- +8.2%
- Assets under management
- $3.3B
Focused Investors LLC is an institutional asset manager that reported 23 positions worth $3.0B in its Q2 2026 13F, filed 2026-07-28. Its largest holdings were Goldman Sachs Group Inc (GS, 8.3%), Morgan Stanley (MS, 7.8%), Johnson & Johnson (JNJ, 7.3%). A portfolio copying its top holdings returned 8.2% a year over the last 3 years, against 20.4% for the S&P 500.
Focused Investors LLC holdings all 23 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| GSGoldman Sachs Group Inc | 8.3% | -10.0% | $246.8M |
| MSMorgan Stanley | 7.8% | -10.1% | $230.8M |
| JNJJohnson & Johnson | 7.3% | -9.4% | $215.3M |
| UNHUnitedhealth Group Inc | 6.2% | -9.4% | $184.3M |
| ELVElevance Health Inc Formerly | 6.0% | -9.5% | $178.5M |
| CIThe Cigna Group | 5.8% | -10.4% | $172.5M |
| MSFTMicrosoft Corp | 5.5% | -9.5% | $161.8M |
| DISDisney Walt Co | 5.4% | -9.6% | $160.2M |
| AXPAmerican Express Co | 5.2% | -9.3% | $154.1M |
| FDXFedex Corp | 4.5% | -9.4% | $133.1M |
| PEPPepsico Inc | 4.4% | -9.3% | $131.7M |
| TJXTjx Cos Inc New | 4.2% | -9.6% | $125.0M |
| MCDMcdonalds Corp | 3.4% | -9.7% | $99.4M |
| GPNGlobal Pmts Inc | 3.2% | -9.3% | $94.4M |
| LOWLowes Cos Inc | 2.9% | -10.0% | $86.2M |
| LHXL3harris Technologies Inc | 2.8% | -9.6% | $82.6M |
| ORCLOracle Corp | 2.8% | -9.6% | $81.7M |
| NOCNorthrop Grumman Corp | 2.8% | -9.6% | $81.6M |
| LMTLockheed Martin Corp | 2.5% | -9.3% | $75.3M |
| CNCCentene Corp Del | 2.4% | -9.4% | $71.7M |
| MRSHMarsh & Mclennan Cos | 2.3% | — | $67.4M |
| HDHome Depot Inc | 2.2% | -9.2% | $66.5M |
| ACNAccenture PLC Ireland | 2.1% | — | $61.3M |
What Focused Investors LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- MRSH Marsh & Mclennan Cos2.3% of 13F
- ACN Accenture PLC Ireland2.1% of 13F
Added to
No position grew by more than 5%.
Reduced
- CI The Cigna Group-10.4% shares
- MS Morgan Stanley-10.1% shares
- GS Goldman Sachs Group Inc-10.0% shares
- LOW Lowes Cos Inc-10.0% shares
- MCD Mcdonalds Corp-9.7% shares
- NOC Northrop Grumman Corp-9.6% shares
- DIS Disney Walt Co-9.6% shares
- ORCL Oracle Corp-9.6% shares
Sold out
- RTX Rtx Corporationwas 3.5%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +8.0% /yr
- S&P 500 +20.1%
- 3 years
- +8.2% /yr
- S&P 500 +20.4%
- 5 years
- +5.8% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $3.0B | 23 |
| Q1 2026 | $3.1B | 22 |
| Q4 2025 | $3.1B | 22 |
| Q3 2025 | $3.3B | 23 |
| Q2 2025 | $3.1B | 23 |
| Q1 2025 | $3.1B | 24 |
| Q4 2024 | $3.2B | 24 |
| Q3 2024 | $3.3B | 23 |
| Q2 2024 | $3.1B | 23 |
| Q1 2024 | $3.2B | 23 |
| Q4 2023 | $3.1B | 23 |
| Q3 2023 | $2.8B | 23 |
Questions about Focused Investors LLC's portfolio
What stocks does Focused Investors LLC own?
Focused Investors LLC's latest 13F, for Q2 2026 and filed Jul 28, 2026, lists 23 positions worth $3.0B. The largest are Goldman Sachs Group Inc (GS) at 8.3%, Morgan Stanley (MS) at 7.8%, Johnson & Johnson (JNJ) at 7.3%, Unitedhealth Group Inc (UNH) at 6.2% and Elevance Health Inc Formerly (ELV) at 6.0%.
What did Focused Investors LLC buy last quarter?
In Q2 2026, Focused Investors LLC added a new position in Marsh & Mclennan Cos (MRSH) and a new position in Accenture PLC Ireland (ACN), compared with its Q1 2026 filing.
What did Focused Investors LLC sell last quarter?
In Q2 2026, Focused Investors LLC sold all of Rtx Corporation (RTX), The Cigna Group (CI) (-10.4% shares), Morgan Stanley (MS) (-10.1% shares) and Goldman Sachs Group Inc (GS) (-10.0% shares), compared with its Q1 2026 filing.
How has Focused Investors LLC's portfolio performed?
A portfolio copying Focused Investors LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +8.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +8.0% against +20.1%. Over 5 years: +5.8% a year against +11.6%.
When is Focused Investors LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Focused Investors LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Focused Investors LLC manage?
Focused Investors LLC reported $3.3B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $3.0B.