FOCUS FINANCIAL NETWORK INC /ADV

CIK

925208

Location

Minneapolis, MN

Portfolio Value

Mid $1,047,724,469

Diversification

Diversified

Filing Date

Dec 31, 2023

Global Rank

#1,383 / 7,318

Top Industry

Consumer Electronics 14.2%

3Y Alpha vs SPY

-3.0%

Period ended 2 years ago

Filed Feb 12, 2024 · 2y

Clone Performance

Feb 2024–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+46.8%

SPY

+54.6%

Annualised alpha

-2.6%

Max drawdown

−18.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

298 positions · as of Dec 31, 2023

Top Position

12.2%

of portfolio value

Top 5

36.2%

of portfolio value

Top 10

48.4%

of portfolio value

HHI

368

Diversified

Sector Breakdown

As of Dec 31, 2023

Sector	% Portfolio	Value	Positions
Technology	25.5%	$266,671,374	44
Unclassified	14.0%	$147,202,353	11
Healthcare	12.1%	$127,094,607	32
Financial Services	12.0%	$125,573,134	60
Consumer Cyclical	10.8%	$113,427,777	37
Industrials	10.1%	$106,039,136	42
Consumer Defensive	5.6%	$59,184,524	24
Communication Services	3.9%	$41,068,923	11
Energy	2.8%	$28,936,803	17
Utilities	1.8%	$18,800,323	10
Basic Materials	1.3%	$13,725,515	10

Portfolio Positions

Compact Export CSV View 13F filing

298 positions · $1,047,724,469 total · 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 298 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CMG	Chipotle Mexican Grill Inc Consumer Cyclical	First	110	—	$5,031	—	0.00%
ORLY	O Reilly Automotive Inc Consumer Cyclical	First	228	—	$14,441	—	0.00%
TDAY	USA TODAY Co., Inc. Communication Services	First	11,075	—	$25,472	—	0.00%
TSCO	Tractor Supply Co /De/ Consumer Cyclical	First	1,020	—	$43,866	—	0.00%
FSCO	FS Credit Opportunities Corp. Financial Services	First	13,368	—	$75,796	—	0.01%
PCM	Pcm Fund, Inc. Financial Services	First	10,443	—	$83,126	—	0.01%
BDJ	BlackRock Enhanced Equity Dividend Trust Financial Services	First	11,295	—	$86,858	—	0.01%
PSLV	Sprott Physical Silver Trust Financial Services	First	11,784	—	$95,214	—	0.01%
RUM	Rumble Inc. Communication Services	First	22,412	—	$100,629	—	0.01%
ETR	Entergy Corp /De/ Utilities	First	2,017	—	$102,050	—	0.01%
RLI	Rli Corp Financial Services	First	1,862	—	$123,934	—	0.01%
DD	DuPont de Nemours, Inc. Basic Materials	First	4,129	—	$132,905	—	0.01%
ZVRA	Zevra Therapeutics, Inc. Healthcare	First	21,500	—	$140,825	—	0.01%
APH	Amphenol Corp /De/ Technology	First	2,900	—	$143,738	—	0.01%
BN	BROOKFIELD Corp /ON/ Financial Services	First	5,387	—	$144,084	—	0.01%
OSCR	Oscar Health, Inc. Healthcare	First	16,666	—	$152,493	—	0.01%
DPG	Duff & Phelps Utility & Infrastructure Fund Inc. Financial Services	First	18,217	—	$167,049	—	0.02%
EXG	Eaton Vance Tax-Managed Global Diversified Equity Income Fund Financial Services	First	22,138	—	$170,905	—	0.02%
PLTR	Palantir Technologies Inc. Technology	First	10,272	—	$176,370	—	0.02%
PFN	PIMCO Income Strategy Fund II Financial Services	First	24,969	—	$180,525	—	0.02%
EHI	Western Asset Global High Income Fund Inc. Financial Services	First	25,112	—	$181,559	—	0.02%
DNP	Dnp Select Income Fund Inc Financial Services	First	21,657	—	$183,651	—	0.02%
RA	Brookfield Real Assets Income Fund Inc. Financial Services	First	15,613	—	$200,002	—	0.02%
GPK	Graphic Packaging Holding Co Consumer Cyclical	First	8,179	—	$201,612	—	0.02%
COR	Cencora, Inc. Healthcare	First	991	—	$203,531	—	0.02%
RVT	Royce Small-Cap Trust, Inc. Financial Services	First	13,999	—	$203,825	—	0.02%
ATEC	Alphatec Holdings, Inc. Healthcare	First	13,699	—	$206,991	—	0.02%
MEGI	NYLI CBRE Global Infrastructure Megatrends Term Fund Financial Services	First	16,002	—	$207,705	—	0.02%
FIS	Fidelity National Information Services, Inc. Technology	First	3,458	—	$207,722	—	0.02%
EW	Edwards Lifesciences Corp Healthcare	First	2,742	—	$209,077	—	0.02%
CHRW	C. H. Robinson Worldwide, Inc. Industrials	First	2,432	—	$210,100	—	0.02%
MOH	Molina Healthcare, Inc. Healthcare	First	583	—	$210,643	—	0.02%
MELI	Mercadolibre Inc Consumer Cyclical	First	135	—	$212,157	—	0.02%
ALB	Albemarle Corp Basic Materials	First	1,480	—	$213,830	—	0.02%
CTVA	Corteva, Inc. Basic Materials	First	4,485	—	$214,921	—	0.02%
ABNB	Airbnb, Inc. Consumer Cyclical	First	1,598	—	$217,551	—	0.02%
EXPO	Exponent Inc Industrials	First	2,489	—	$219,131	—	0.02%
ATO	Atmos Energy Corp Utilities	First	1,893	—	$219,398	—	0.02%
CNI	Canadian National Railway Co Industrials	First	1,753	—	$220,229	—	0.02%
DSL	DoubleLine Income Solutions Fund Financial Services	First	18,058	—	$221,029	—	0.02%
AVGO	Broadcom Inc. Technology	First	2,005	—	$223,808	—	0.02%
DKNG	DraftKings Inc. Consumer Cyclical	First	6,482	—	$228,490	—	0.02%
LYB	LyondellBasell Industries N.V. Basic Materials	First	2,404	—	$228,572	—	0.02%
BMO	Bank Of Montreal /Can/ Financial Services	First	2,328	—	$230,332	—	0.02%
IFN	Aberdeen India Fund, Inc. Financial Services	First	12,621	—	$230,838	—	0.02%
GD	General Dynamics Corp Industrials	First	900	—	$233,703	—	0.02%
BSTZ	BlackRock Science & Technology Term Trust Financial Services	First	14,003	—	$233,990	—	0.02%
PCAR	Paccar Inc Industrials	First	2,399	—	$234,262	—	0.02%
ON	On Semiconductor Corp Technology	First	2,834	—	$236,724	—	0.02%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	First	602	—	$244,947	—	0.02%