Focused Investors LLC
Long book
$3.08B
Q1 2026
Positions
22
Top-10 weight
60%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsFocused Investors LLC is a concentrated fundamental stock-picker, running a $3.08B US long book across 22 positions.
The portfolio is concentrated: the top 10 names carry 60% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: GOLDMAN SACHS GROUP INC, JOHNSON & JOHNSON, MORGAN STANLEY, THE CIGNA GROUP, WALT DISNEY CO/THE.
Over the last 9 quarters its long book ran on average 2.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.0%
Q2 2024
+10.0%
Q3 2024
-4.0%
Q4 2024
-0.0%
Q1 2025
+1.9%
Q2 2025
+5.1%
Q3 2025
-0.7%
Q4 2025
-1.7%
Q1 2026
+10.9%
Sector allocation
Financials 36%
Technology 16%
Consumer discretionary 14%
Industrials 12%
Services media 9%
Healthcare 7%
Consumer staples 5%
Long book by quarter
What does Focused Investors own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GS GOLDMAN SACHS GROUP INC | Financials | 271.1K | $229.3M | 7.5% | -2.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 935.9K | $228.8M | 7.4% | -2.5% |
| MS MORGAN STANLEY | Financials | 1.2M | $202.1M | 6.6% | -2.4% |
| CI THE CIGNA GROUP | Financials | 698.2K | $186.2M | 6.1% | -1.5% |
| DIS WALT DISNEY CO/THE | Services media | 1.8M | $177.5M | 5.8% | +21.0% |
| MSFT MICROSOFT CORP | Technology | 479.4K | $177.5M | 5.8% | +56.4% |
| FDX FEDEX CORP | Industrials | 468.9K | $167.0M | 5.4% | -2.5% |
| PEP PEPSICO INC | Consumer staples | 1.1M | $166.6M | 5.4% | -2.5% |
| AXP AMERICAN EXPRESS CO | Financials | 502.4K | $152.0M | 4.9% | +15.6% |
| ELV ELEVANCE HEALTH INC | Financials | 509.8K | $149.2M | 4.9% | -2.5% |
| TJX TJX COMPANIES INC | Consumer discretionary | 913.1K | $145.8M | 4.7% | -2.5% |
| UNH UNITEDHEALTH GROUP INC | Financials | 489.7K | $132.5M | 4.3% | -2.5% |
| MCD MCDONALD'S CORP | Consumer discretionary | 407.3K | $126.6M | 4.1% | -2.4% |
| NOC NORTHROP GRUMMAN CORP | Technology | 177.4K | $121.0M | 3.9% | -14.6% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 314.3K | $108.5M | 3.5% | -28.1% |
| RTX RTX CORP | Industrials | 555.5K | $107.1M | 3.5% | -26.9% |
| LOW LOWE'S COS INC | Consumer discretionary | 434.4K | $102.6M | 3.3% | -2.5% |
| LMT LOCKHEED MARTIN CORP | Industrials | 163.0K | $98.5M | 3.2% | -2.5% |
| GPN GLOBAL PAYMENTS INC | Services media | 1.4M | $96.6M | 3.1% | -1.9% |
| ORCL ORACLE CORP | Technology | 617.1K | $90.8M | 3.0% | +79.9% |
| HD HOME DEPOT INC | Consumer discretionary | 207.5K | $68.2M | 2.2% | -2.4% |
| CNC CENTENE CORP | Financials | 1.2M | $40.4M | 1.3% | -2.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 16, 2026 | 22 | $3.08B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 27, 2026 | 22 | $3.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 28, 2025 | 23 | $3.27B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 23 | $3.06B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 24 | $3.11B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 24 | $3.17B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 6, 2024 | 23 | $3.29B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 23 | $3.08B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 23 | $3.19B | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP