FOCUS FINANCIAL NETWORK INC /ADV

CIK

925208

Location

Minneapolis, MN

Portfolio Value

Mid $2,208,681,726

Diversification

Diversified

Filing Date

Dec 31, 2023

Global Rank

#1,072 / 7,447 · as of Dec 2023

Top Industry

Consumer Electronics 12.5%

3Y Alpha vs SPY

+238.1%

Period ended 2 years ago

Filed Feb 12, 2024 · 2y

Clone Performance

Feb 2024–Jul 2024 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+71.3%

SPY

+12.3%

Annualised alpha

+238.1%

Max drawdown

−5.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends. Captured split ratios restate closes onto one basis; only an unusable ratio can exclude earlier closes for that listing. It tracks 100% of reported value on average across 1 quarter.FOCUS FINANCIAL NETWORK INC /ADV has stopped filing, so the simulation ends in Jul 2024 — where its last reported portfolio went stale — rather than trading that portfolio forward to today. Past performance does not predict future results.

Portfolio Concentration

393 tracked positions · as of Dec 31, 2023

Top Position

18.3%

of portfolio value

Top 5

35.8%

of portfolio value

Top 10

47.6%

of portfolio value

HHI

474

Diversified

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Unclassified	53.8%	$1,189,009,122	96
Technology	16.0%	$353,401,525	45
Financial Services	6.2%	$137,695,426	63
Healthcare	5.8%	$127,287,571	35
Consumer Cyclical	5.2%	$114,169,712	38
Industrials	5.0%	$111,431,153	42
Consumer Defensive	2.8%	$61,598,428	25
Communication Services	2.4%	$52,339,359	12
Energy	1.3%	$28,936,803	17
Utilities	0.9%	$18,902,373	10
Basic Materials	0.6%	$13,910,254	10

Portfolio Positions

Compact Export CSV View 13F filing

393 tracked positions · $2,208,681,726 total · filing declares 710 positions · $2,660,883,726 · as of Dec 31, 2023

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

Showing 1–50 of 393 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAXJ	iShares MSCI All Country Asia ex Japan ETF	First	3,976,055	—	$404,203,150	—	18.30%
AAPL	Apple Inc. Technology	First	664,314	—	$127,900,374	—	5.79%
QQQ	Invesco Qqq Trust, Series 1	First	225,659	—	$92,411,873	—	4.18%
ABI	VictoryShares Pioneer Asset-Based Income ETF	First	1,477,239	—	$83,410,005	—	3.78%
NVDA	Nvidia Corp Technology	First	167,355	—	$82,877,543	—	3.75%
AMZN	Amazon Com Inc Consumer Cyclical	First	420,931	—	$63,956,256	—	2.90%
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	First	1,032,314	—	$63,858,013	—	2.89%
MSFT	Microsoft Corp Technology	First	140,964	—	$53,008,102	—	2.40%
UNH	Unitedhealth Group Inc Healthcare	First	78,830	—	$41,501,630	—	1.88%
VB	Vanguard Morningstar Small-Cap ETF	First	156,684	—	$38,226,398	—	1.73%
SPY	Spdr S&P 500 ETF Trust	First	72,859	—	$34,630,611	—	1.57%
GOOGL	Alphabet Inc. Communication Services	First	233,534	—	$32,689,901	—	1.48%
BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	First	679,667	—	$30,562,556	—	1.38%
BIV	Vanguard Intermediate-Term Bond ETF	First	423,901	—	$28,656,490	—	1.30%
JPM	Jpmorgan Chase & Co Financial Services	First	150,980	—	$25,681,698	—	1.16%
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	First	333,424	—	$25,513,305	—	1.16%
AGGY	WisdomTree Yield Enhanced U.S. Aggregate Bond Fund	First	422,570	—	$25,192,003	—	1.14%
BRK-B	Berkshire Hathaway Inc Financial Services	First	64,373	—	$23,501,542	—	1.06%
DVVY	Invesco Diversified Dividend Opportunities ETF	First	488,255	—	$23,116,109	—	1.05%
VXUS	Vanguard Total International Stock ETF	First	381,217	—	$22,095,337	—	1.00%
BBAG	JPMorgan BetaBuilders U.S. Aggregate Bond ETF	First	420,430	—	$20,180,731	—	0.91%
SHOP	Shopify Inc. Technology	First	258,484	—	$20,135,903	—	0.91%
VIG	Vanguard Dividend Appreciation ETF	First	127,414	—	$18,855,286	—	0.85%
LLY	ELI LILLY & Co Healthcare	First	29,655	—	$17,286,492	—	0.78%
EDV	Vanguard World Funds Extended Duration ETF	First	104,020	—	$17,056,718	—	0.77%
VCHY	Vanguard U.S. High-Yield Corporate Bond Index ETF	First	358,288	—	$17,015,097	—	0.77%
AAAP	Pacer Barings CLO Market Flex ETF	First	317,949	—	$16,453,320	—	0.74%
HON	Honeywell International Inc Industrials	First	73,641	—	$15,443,258	—	0.70%
ECNS	iShares MSCI China Small-Cap ETF	First	151,319	—	$14,734,645	—	0.67%
JNJ	Johnson & Johnson Healthcare	First	90,428	—	$14,173,684	—	0.64%
V	Visa Inc. Financial Services	First	53,296	—	$13,875,613	—	0.63%
HD	Home Depot, Inc. Consumer Cyclical	First	36,978	—	$12,814,725	—	0.58%
VEU	Vanguard FTSE All-World Ex-US ETF	First	275,661	—	$12,758,723	—	0.58%
CVY	Invesco Zacks Multi-Asset Income ETF	First	238,112	—	$12,622,422	—	0.57%
COST	Costco Wholesale Corp /New Consumer Defensive	First	18,912	—	$12,483,432	—	0.57%
VIGI	Vanguard International Dividend Appreciation ETF	First	110,896	—	$12,379,320	—	0.56%
MMM	3M Co Industrials	First	107,060	—	$11,703,801	—	0.53%
TGT	Target Corp Consumer Defensive	First	81,475	—	$11,603,669	—	0.53%
ANEW	ProShares MSCI Transformational Changes ETF	First	302,353	—	$11,558,808	—	0.52%
BA	Boeing Co Industrials	First	41,503	—	$10,818,171	—	0.49%
CVX	Chevron Corp Energy	First	69,572	—	$10,377,359	—	0.47%
NOW	ServiceNow, Inc. Technology	First	14,086	—	$9,951,618	—	0.45%
ABBV	AbbVie Inc. Healthcare	First	62,996	—	$9,762,490	—	0.44%
MDT	Medtronic plc Healthcare	First	114,208	—	$9,408,455	—	0.43%
CWI	State Street SPDR MSCI ACWI ex-US ETF	First	327,570	—	$9,377,169	—	0.42%
TSLA	Tesla, Inc. Consumer Cyclical	First	37,582	—	$9,338,375	—	0.42%
XEL	Xcel Energy Inc Utilities	First	146,088	—	$9,044,308	—	0.41%
AFK	VanEck Africa Index ETF	First	142,324	—	$8,830,134	—	0.40%
JA	Janus Henderson AA-A CLO ETF	First	180,604	—	$8,801,310	—	0.40%
AAPR	Innovator Equity Defined Protection ETF - 2 Yr to April 2028	First	250,307	—	$8,797,129	—	0.40%

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.