FOCUSED ALPHA, LLC
SEC Form 13F institutional filer · CIK 0002105062
13F-HR · 105 reported holdings · 2026-03-31
Reported long-US-equity value
$0.19B
Top-10 concentration
50.1%
FOCUSED ALPHA, LLC — $195M AUM allocation strategy
FOCUSED ALPHA, LLC files SEC Form 13F and reports $195M of long US equity value across 105 reported holdings for 2026-03-31.
Its largest sector bet is Financials 22.1%, followed by Information Technology 12.2% and Communication Services 6.8%.
The top 10 holdings account for 50% 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 ALPHA, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$195M
total across 105 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
50% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVZ +26.3K sh · +$507K+$CVS +15.7K sh · +$1.08M+$C +14.8K sh · +$1.65M
Biggest trims (shares)
−$GS −76.9K sh · −$4.13M−$BAC −32.5K sh · −$1.87M−$WFC −26.8K sh · −$2.53M
Exited to nil (held last quarter, gone now)
$AMD ($1.25M last qtr)$NRG ($1.12M last qtr)$TPL ($648K last qtr)$AXP ($582K last qtr)$FSLR ($557K last qtr)
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)
- Investment Banking & Brokerage7.5%—
- Interactive Media & Services6.8%—
- Systems Software6.1%—
- Broadline Retail4.0%—
- Technology Hardware, Storage & Peripherals4.0%—
- Transaction & Payment Processing Services3.8%—
- Asset Management & Custody Banks3.5%—
- Multi-Sector Holdings3.5%—
- Other holdings60.9%—
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
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 31.7K | $11.7M | -3.38K | 6.0% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 35.1K | $10.1M | -4.66K | 5.2% |
| $AMZN | Amazon.com Inc | 37.1K | $7.73M | -1.7K | 4.0% |
| $AAPL | Apple Inc | 30.1K | $7.63M | -1.94K | 3.9% |
| $GS | Goldman Sachs Group Inc | 126K | $7.37M | -76.9K | 3.8% |
| $SCHW | Charles Schwab Corporation | 226K | $7.18M | +9.21K | 3.7% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 14.1K | $6.76M | -955 | 3.5% |
…and 98 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
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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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