Institutional Manager · CIK 0001426398
Focused Investors LLC
LOS ANGELES, CA · File #028-12707
Latest AUM
$3.14B
Positions
22
Top-10 Concentration
58.9%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | Fiserv, Inc. | 337738108 | -1,571,750 | -$202.6M | $0 |
| ADD | PepsiCo, Inc. | PEP | +386,100 | +$55.4M | +$2.2M |
| ADD | The Walt Disney Company | 254687106 | +179,700 | +$20.4M | -$980,646 |
| ADD | Global Payments Inc. | 37940X102 | +257,400 | +$19.9M | -$6.8M |
| REDUCE | The Goldman Sachs Group, Inc. | GSCE | -9,700 | -$8.5M | +$23.8M |
| REDUCE | Morgan Stanley | MS-PQ | -42,550 | -$7.6M | +$24.2M |
| REDUCE | The Cigna Group | 125523100 | -20,950 | -$5.8M | -$9.5M |
| REDUCE | Johnson & Johnson | JNJ | -25,150 | -$5.2M | +$21.2M |
| REDUCE | Elevance Health, Inc. | ELV | -13,900 | -$4.9M | +$14.7M |
| REDUCE | Microsoft Corp. | MSFT | -9,800 | -$4.7M | -$10.9M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202522 pos · $3.14B
- 13F HOLDINGS REPORTQ/E Sep 202523 pos · $3.27B
- 13F HOLDINGS REPORTQ/E Jun 202523 pos · $3.06B
- 13F HOLDINGS REPORTQ/E Mar 202524 pos · $3.11B
- 13F HOLDINGS REPORTQ/E Dec 202424 pos · $3.17B
- 13F HOLDINGS REPORTQ/E Sep 202423 pos · $3.29B
- 13F HOLDINGS REPORTQ/E Jun 202423 pos · $3.08B
- 13F HOLDINGS REPORTQ/E Mar 202423 pos · $3.19B
- 13F HOLDINGS REPORTQ/E Dec 202323 pos · $2.81B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | The Goldman Sachs Group, Inc. | GSCE | 278,300 | $244.6M | 7.79% |
| 2 | Morgan Stanley | MS-PQ | 1,258,950 | $223.5M | 7.12% |
| 3 | Johnson & Johnson | JNJ | 959,600 | $198.6M | 6.32% |
| 4 | The Cigna Group | 125523100 | 709,000 | $195.1M | 6.21% |
| 5 | Elevance Health, Inc. | ELV | 522,700 | $183.2M | 5.83% |
| 6 | The Walt Disney Company | 254687106 | 1,523,050 | $173.3M | 5.52% |
| 7 | UnitedHealth Group Inc. | UNH | 502,100 | $165.7M | 5.28% |
| 8 | American Express Co. | AXP | 434,550 | $160.8M | 5.12% |
| 9 | PepsiCo, Inc. | PEP | 1,100,750 | $158.0M | 5.03% |
| 10 | Microsoft Corp. | MSFT | 306,600 | $148.3M | 4.72% |
| 11 | The TJX Companies, Inc. | 872540109 | 936,300 | $143.8M | 4.58% |
| 12 | RTX Corporation | RTX | 760,050 | $139.4M | 4.44% |
| 13 | FedEx Corporation | FDX | 480,800 | $138.9M | 4.42% |
| 14 | L3Harris Technologies, Inc. | LHX | 437,200 | $128.3M | 4.09% |
| 15 | McDonald's Corporation | MCD | 417,300 | $127.5M | 4.06% |
| 16 | Northrop Grumman Corporation | NOC | 207,700 | $118.4M | 3.77% |
| 17 | Global Payments Inc. | 37940X102 | 1,462,200 | $113.2M | 3.60% |
| 18 | Lowe's Companies, Inc. | 548661107 | 445,450 | $107.4M | 3.42% |
| 19 | Lockheed Martin Corp. | LMT | 167,100 | $80.8M | 2.57% |
| 20 | The Home Depot, Inc. | HD | 212,700 | $73.2M | 2.33% |