Focused Investors LLC
SEC Form 13F institutional filer · CIK 0001426398
13F-HR · 22 reported holdings · 2026-03-31
Investment management firm.
Reported long-US-equity value
$3.08B
Top-10 concentration
59.7%
Focused Investors LLC — $3.08B AUM allocation strategy
Focused Investors LLC files SEC Form 13F and reports $3.08B of long US equity value across 22 reported holdings for 2026-03-31.
Its largest sector bet is Health Care 22.7%, followed by Financials 22.1% and Industrials 19.6%.
The top 10 holdings account for 60% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Focused Investors LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$3.08B
total across 22 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
60% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$DIS +319K sh · +$4.27M+$ORCL +274K sh · +$23.9M+$MSFT +173K sh · +$29.2M
Biggest trims (shares)
−$RTX −205K sh · −$32.2M−$LHX −123K sh · −$19.9M−$CNC −31.2K sh · −$11.7M
Added from nil (new positions)
None this quarter
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Aerospace & Defense14.2%—
- Investment Banking & Brokerage14.0%—
- Managed Health Care9.2%—
- Pharmaceuticals7.4%—
- Health Care Services6.1%—
- Movies & Entertainment5.8%—
- Systems Software5.8%—
- Air Freight & Logistics5.4%—
- Other holdings32.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GS | Goldman Sachs Group Inc | 271K | $229M | -7.2K | 7.5% |
| $JNJ | Johnson & Johnson | 936K | $229M | -23.7K | 7.4% |
| $MS | Morgan Stanley | 1.23M | $202M | -30.6K | 6.6% |
| $CI | The Cigna Group | 698K | $186M | -10.8K | 6.1% |
| $DIS | Walt Disney Company | 1.84M | $178M | +319K | 5.8% |
| $MSFT | Microsoft Corporation | 479K | $177M | +173K | 5.8% |
| $FDX | FedEx Corporation | 469K | $167M | -11.9K | 5.4% |
| $PEP | PepsiCo Inc | 1.07M | $167M | -28K | 5.4% |
| $AXP | American Express Company | 502K | $152M | +67.9K | 4.9% |
| $ELV | Elevance Health Inc | 510K | $149M | -12.9K | 4.9% |
…and 12 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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