FOCUS FINANCIAL NETWORK INC /ADV

CIK

925208

Location

Minneapolis, MN

Portfolio Value

Micro $18,800,323

Diversification

Diversified

Filing Date

Dec 31, 2023

Global Rank

#1,383 / 7,318

Top Industry

Consumer Electronics 14.2%

3Y Alpha vs SPY

-2.5%

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

+47.2%

SPY

+54.6%

Annualised alpha

-2.5%

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

10 positions · $18,800,323 total · Utilities 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
XEL	Xcel Energy Inc Utilities	First	146,088	—	$9,044,308	—	48.11%
DUK	Duke Energy CORP Utilities	First	39,588	—	$3,841,619	—	20.43%
SO	Southern Co Utilities	First	29,918	—	$2,097,850	—	11.16%
NEE	Nextera Energy Inc Utilities	First	26,816	—	$1,628,803	—	8.66%
AEP	American Electric Power Co Inc Utilities	First	10,540	—	$856,058	—	4.55%
WEC	Wec Energy Group, Inc. Utilities	First	4,742	—	$399,134	—	2.12%
AEE	Ameren Corp Utilities	First	4,450	—	$321,913	—	1.71%
AWK	American Water Works Company, Inc. Utilities	First	2,191	—	$289,190	—	1.54%
ATO	Atmos Energy Corp Utilities	First	1,893	—	$219,398	—	1.17%
ETR	Entergy Corp /De/ Utilities	First	2,017	—	$102,050	—	0.54%