Focus Financial Network, Inc.

CIK

2010942

Location

MINNEAPOLIS, MN

Portfolio Value

Mid $3,109,616,310

Diversification

Diversified

Filing Date

Global Rank

#1,193 / 8,818 ▲ 15 · as of Jun 2026

Top Industry

Semiconductors 36.5%

Period ended 28 days ago

Filed Oct 14, 2026 · 14d

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 55.3%, 19.4 effective positions, active share 65.2% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

19.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 19.1 quarters (12+), a floor since 47.0% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 65.2%; sector active share 54.1% against the combined 13F book's sector weights.

Over time 25 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

761 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

13.7%

+0.4 pts

Top 5

46.3%

+3.0 pts

Top 10

57.7%

+2.4 pts

HHI

576

Diversified+61

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.5%	$2,035,431,062	445
Technology	20.2%	$628,482,215	61
Financial Services	3.0%	$92,703,878	68
Consumer Cyclical	2.9%	$88,792,842	21
Industrials	2.7%	$83,147,460	53
Healthcare	1.8%	$56,532,652	31
Communication Services	1.6%	$49,837,382	11
Consumer Defensive	0.9%	$28,760,993	16
Energy	0.6%	$17,526,405	21
Utilities	0.4%	$12,150,705	10
Real Estate	0.3%	$9,014,287	13
Basic Materials	0.2%	$7,236,429	11

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	+330,650	440,388	$27,083,862
FLTR	VanEck IG Floating Rate ETF	+160,210	326,802	$8,362,863
IUSB	iShares Core Universal USD Bond ETF	+69,608	354,210	$15,617,118
BLCR		+47,518	125,519	$6,145,410
ACWX	iShares MSCI ACWI ex U.S. ETF	+37,805	80,257	$6,069,034
IEF	iShares 7-10 Year Treasury Bond ETF	+37,276	443,067	$39,570,313
AGG	iShares Core U.S. Aggregate Bond ETF	+37,235	679,072	$64,199,466
SCHD	Schwab U.S. Dividend Equity ETF	+37,116	1,855,405	$60,356,324
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	+35,742	51,838	$4,059,433
SCHZ	Schwab U.S. Aggregate Bond ETF	+30,654	261,829	$5,786,420
NMS	Nuveen Minnesota Quality Municipal Income Fund	+28,156	115,269	$1,122,720
IEFA	iShares Core MSCI EAFE ETF	+27,122	43,021	$4,167,874
FNDF	Schwab Fundamental International Equity ETF	+26,395	848,099	$45,585,321
GGOV		+23,317	72,860	$3,650,286
VTV	VANGUARD VALUE INDEX FUND	+22,770	318,979	$68,924,982
SCHP	Schwab U.S. TIPS ETF	+18,930	387,357	$9,734,281
JIVE	JPMorgan International Value ETF	+18,868	42,375	$4,034,947
TBUX	T. Rowe Price Ultra Short-Term Bond ETF	+18,189	477,557	$23,672,500
—		+17,051	79,409	$0
VEA	Vanguard FTSE Developed Markets ETF	+14,815	460,325	$32,503,548
SPCX	Space Exploration Technologies Corp	+14,112	21,942	$3,310,170
ISCF	iShares International Small-Cap Equity Factor ETF	+12,680	177,046	$7,906,874
PDI	PIMCO Dynamic Income Fund	+12,517	146,125	$2,050,133
TCAF	T. Rowe Price Capital Appreciation Equity ETF	+12,089	272,868	$11,534,130
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	+11,792	41,938	$2,304,493
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPCE	Virgin Galactic Holdings, Inc	−2,360,118	20,505	$61,309
QUBT	Quantum Computing Inc.	−882,963	28,672	$242,278
SCHO	Schwab Short-Term U.S. Treasury ETF	−58,866	169,999	$4,056,176
SCHM	Schwab U.S. Mid-Cap ETF	−44,950	420,179	$14,294,489
AKRE	Professionally Managed Portfolios	−44,585	182,258	$9,599,528
MBB	iShares MBS ETF	−42,267	6,789	$608,430
—		−37,562	122,816	$0
JPST	JPMorgan Ultra-Short Income ETF	−34,443	35,128	$1,769,397
JPIE	JPMorgan Income ETF	−29,151	149,465	$6,709,483
SOUN	Soundhound Ai, Inc.	−28,009	20,220	$121,724
SCHX	Schwab U.S. Large-Cap ETF	−25,073	586,016	$17,580,480
SPMO	Invesco Ltd.	−24,447	5,252	$0
IAU	Ishares Gold Trust	−19,762	22,552	$1,761,311
NOW	ServiceNow, Inc.	−18,237	25,393	$3,402,915
PNR	PENTAIR plc	−14,123	55,271	$2,928,810
AVEM	Avantis Emerging Markets Equity ETF	−13,433	14,322	$1,346,554
BAI	BlackRock ETF Trust	−11,950	100,017	$4,719,802
FNDX	Schwab Fundamental U.S. Large Company ETF	−11,560	168,118	$5,290,673
INTC	Intel Corp	−10,071	10,514	$1,264,098
TER	Teradyne, Inc	−9,979	2,229	$893,628
SCHB	Schwab U.S. Broad Market ETF	−9,500	700,692	$20,537,282
XLU	State Street(R) Utilities Select Sector SPDR(R) ETF	−9,053	74,950	$2,956,028
AMZN	Amazon Com Inc	−8,909	289,543	$72,139,638
MGV	VANGUARD MEGA CAP VALUE INDEX FUND	−8,493	6,094	$981,682
EFG	iShares MSCI EAFE Growth ETF	−7,551	16,177	$1,938,489
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
XOM	ExxonMobil Holdings Corp	22,801	$3,710,862
VFLO	VictoryShares Free Cash Flow ETF	20,341	$1,041,255
BAR	GraniteShares Gold Trust	22,854	$934,957
BUFR	FT Vest Laddered Buffer ETF	23,496	$880,395
FYC	First Trust Small Cap Growth AlphaDEX Fund	5,509	$635,297
DXJ	WisdomTree Japan Hedged Equity Fund	3,341	$603,217
CBRS	Cerebras Systems Inc.	3,367	$598,147
CVIE	Calvert International Responsible Index ETF	5,973	$496,516
IBDR	iShares iBonds Dec 2026 Term Corporate ETF	16,352	$396,372
DFSI	Dimensional International Sustainability Core 1 ETF	7,370	$332,902
BAM	Brookfield Asset Management Ltd.	6,026	$268,639
WCMI	First Trust WCM International Equity ETF	13,578	$259,068
VTWO	VANGUARD RUSSELL 2000 INDEX FUND	2,265	$254,223
NUDV	Nuveen ESG Dividend ETF	7,931	$253,554
IGM	iShares Expanded Tech Sector ETF	1,468	$248,150
NXG	NXG NextGen Infrastructure Income Fund	4,551	$247,483
NGG	National Grid PLC	3,220	$244,140
PAYC	Paycom Software, Inc.	1,092	$237,673
IHAK	iShares Cybersecurity and Tech ETF	3,320	$224,498
PAYX	Paychex Inc	2,271	$223,693
NAUG		6,575	$219,528
DIVO	Amplify CWP Enhanced Dividend Income ETF	4,590	$213,389
CVMC	Calvert US Mid-Cap Core Responsible Index ETF	2,889	$210,882
COF	Capital One Financial Corp	1,090	$210,446
PDEX	Pro Dex Inc	3,000	$207,000
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
DFAT	Dimensional U.S. Targeted Value ETF	10,623	$742,547
IWC	iShares Micro-Cap ETF	3,075	$615,123
—		11,156	$487,405
PSI	Victory Portfolios II	2,390	$448,889
HWKN	Hawkins Inc	3,044	$432,552
LMBS	First Trust Low Duration Opportunities ETF	6,255	$311,373
SOLS	Solstice Advanced Materials Inc.	3,507	$310,720
OKLO	Oklo Inc.	5,840	$305,607
SCHJ	Schwab 1-5 Year Corporate Bond ETF	11,472	$282,899
VEEV	Veeva Systems Inc	1,532	$271,884
PKB	Victory Portfolios II	2,318	$259,755
IYM	iShares U.S. Basic Materials ETF	1,427	$256,189
FLEX	Flex Ltd.	1,573	$254,936
—		8,246	$250,348
IVT	InvenTrust Properties Corp.	6,760	$239,304
NLR	VanEck Uranium and Nuclear ETF	2,047	$237,411
FXL	First Trust Technology AlphaDEX Fund	1,076	$233,728
PBW	Victory Portfolios II	5,987	$233,552
PRF	Victory Portfolios II	4,318	$233,301
CCI	Crown Castle Inc.	2,967	$224,690
REZ	iShares Residential and Multisector Real Estate ETF	2,371	$224,509
CNP	Centerpoint Energy Inc	5,089	$224,119
AIPO	Tidal Trust II	6,600	$220,506
IHE	iShares U.S. Pharmaceuticals ETF	2,221	$219,901
PL	Planet Labs PBC	6,605	$218,823
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

761 tracked positions · $3,109,616,310 total · filing declares 772 positions · $3,302,949,899 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 761 positions by value · page 1 of 16

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	1,592,916	-5,785	$363,790,156	+13.7%	11.70%
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	4,371,875	+10,650	$157,081,468	+6.4%	5.05%
QQQ	Invesco Qqq Trust, Series 1	Added	163,415	+2,395	$120,889,514	+2.0%	3.89%
AAPL	Apple Inc. Technology	Added	339,213	+2,952	$112,964,713	+16.1%	3.63%
IVV	iShares Core S&P 500 ETF	Added	125,423	+1,931	$96,055,204	+3.9%	3.09%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	289,543	-8,909	$72,139,638	+1.4%	2.32%
VTV	VANGUARD VALUE INDEX FUND	Added	318,979	+22,770	$68,924,982	+6.8%	2.22%
AGG	iShares Core U.S. Aggregate Bond ETF	Added	679,072	+37,235	$64,199,466	+1.1%	2.06%
SCHD	Schwab U.S. Dividend Equity ETF	Added	1,855,405	+37,116	$60,356,324	+4.7%	1.94%
QLD	ProShares Ultra QQQ	Added	600,015	+171	$57,391,434	−1.1%	1.85%
SNDK	Sandisk Corp Technology	Added	27,785	+8,277	$48,342,843	+9.0%	1.55%
FNDF	Schwab Fundamental International Equity ETF	Added	848,099	+26,395	$45,585,321	+5.1%	1.47%
VXUS	Vanguard Total International Stock ETF	Added	489,199	+7,567	$41,562,347	+0.9%	1.34%
IEF	iShares 7-10 Year Treasury Bond ETF	Added	443,067	+37,276	$39,570,313	+3.1%	1.27%
FESM	Fidelity Enhanced Small Cap Core ETF	Added	783,107	+11,559	$35,200,659	−5.5%	1.13%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	221,781	+1,394	$34,420,411	−1.2%	1.11%
VEA	Vanguard FTSE Developed Markets ETF	Added	460,325	+14,815	$32,503,548	+2.4%	1.05%
MSFT	Microsoft Corp Technology	Reduced	60,568	-67	$31,065,327	+37.3%	1.00%
GOOGL	Alphabet Inc. Communication Services	Reduced	88,182	-1,893	$30,341,662	−5.7%	0.98%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	58,379	+280	$29,069,823	−0.0%	0.93%
SPY	Spdr S&P 500 ETF Trust	Reduced	36,868	-2,439	$28,116,642	−4.2%	0.90%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	143,441	+5,597	$28,078,575	+6.9%	0.90%
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	Added	440,388	+330,650	$27,083,862	+364.7%	0.87%
VIG	Vanguard Specialized Funds	Added	113,020	+38	$26,368,696	−1.4%	0.85%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Reduced	275,757	-2,848	$24,751,948	+1.1%	0.80%
TBUX	T. Rowe Price Ultra Short-Term Bond ETF	Added	477,557	+18,189	$23,672,500	+3.5%	0.76%
IWR	iShares Russell Mid-Cap ETF	Reduced	215,963	-1,215	$23,045,411	−3.8%	0.74%
IVW	iShares S&P 500 Growth ETF	Reduced	145,118	-921	$20,644,486	+2.8%	0.66%
SCHB	Schwab U.S. Broad Market ETF	Reduced	700,692	-9,500	$20,537,282	−0.1%	0.66%
SCHV	Schwab U.S. Large-Cap Value ETF	Added	602,727	+2,475	$20,076,836	−3.9%	0.65%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	333,293	+5,294	$19,767,607	+1.0%	0.64%
SPHQ	Invesco S&P 500 Quality ETF	Added	225,172	+7,641	$18,932,461	−3.4%	0.61%
SDVY	First Trust SMID Cap Rising Dividend Achievers ETF	Added	452,688	+10,598	$18,370,079	−3.7%	0.59%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	586,016	-25,073	$17,580,480	−2.2%	0.57%
EMXC	iShares MSCI Emerging Markets ex China ETF	Added	174,128	+9,810	$17,252,602	+2.6%	0.55%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Added	49,635	+1,679	$16,768,192	−4.4%	0.54%
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	Reduced	168,945	-237	$16,428,211	+1.6%	0.53%
IUSB	iShares Core Universal USD Bond ETF	Added	354,210	+69,608	$15,617,118	+18.9%	0.50%
SCHF	Schwab International Equity ETF	Reduced	531,498	-4,461	$14,600,250	−1.7%	0.47%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	420,179	-44,950	$14,294,489	−16.6%	0.46%
IMTM	iShares MSCI Intl Momentum Factor ETF	Added	265,880	+1,529	$13,993,264	−0.7%	0.45%
GTO	Invesco Total Return Bond ETF	Added	298,313	+4,052	$13,301,776	−3.6%	0.43%
FGD	First Trust Dow Jones Global Select Dividend Index Fund	Added	399,854	+10,172	$13,263,157	+6.4%	0.43%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	381,031	-6,015	$12,433,041	−11.1%	0.40%
DYNF	iShares U.S. Equity Factor Rotation Active ETF	Reduced	178,620	-1,106	$12,371,221	+1.2%	0.40%
UNH	Unitedhealth Group Inc Healthcare	Added	33,275	+298	$12,214,587	−10.9%	0.39%
VHT	VANGUARD HEALTH CARE INDEX FUND	Reduced	38,470	-231	$12,159,597	+5.1%	0.39%
QUAL	iShares MSCI USA Quality Factor ETF	Reduced	52,889	-1,366	$11,754,051	−1.3%	0.38%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	31,013	-3,261	$11,606,305	−8.5%	0.37%
SGOL	abrdn Gold ETF Trust	Added	292,062	+8,740	$11,553,972	+6.7%	0.37%

Showing the top 50 of 761 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.