FOCUS FINANCIAL NETWORK INC /ADV

CIK

925208

Location

Minneapolis, MN

Portfolio Value

Micro $41,068,923

Diversification

Diversified

Filing Date

Dec 31, 2023

Global Rank

#1,383 / 7,317

Top Industry

Consumer Electronics 14.2%

3Y Alpha vs SPY

-2.9%

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

+45.2%

SPY

+52.9%

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

11 positions · $41,068,923 total · Communication Services only · as of Dec 31, 2023

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	First	179,068	—	$25,014,008	—	60.91%
META	Meta Platforms, Inc. Communication Services	First	23,075	—	$8,167,627	—	19.89%
VZ	Verizon Communications Inc Communication Services	First	71,587	—	$2,698,829	—	6.57%
DIS	Walt Disney Co Communication Services	First	19,893	—	$1,796,138	—	4.37%
T	At&T Inc. Communication Services	First	90,899	—	$1,525,285	—	3.71%
CMCSA	Comcast Corp Communication Services	First	19,535	—	$802,820	—	1.95%
NFLX	Netflix Inc Communication Services	First	7,600	—	$370,028	—	0.90%
TTD	Trade Desk, Inc. Communication Services	First	4,116	—	$296,187	—	0.72%
OMC	Omnicom Group Inc. Communication Services	First	3,143	—	$271,900	—	0.66%
RUM	Rumble Inc. Communication Services	First	22,412	—	$100,629	—	0.25%
TDAY	USA TODAY Co., Inc. Communication Services	First	11,075	—	$25,472	—	0.06%