Institutional Manager · CIK 0002010942
Focus Financial Network, Inc.
MINNEAPOLIS, MN · File #028-24075
Latest AUM
$2.87B
Positions
725
Top-10 Concentration
54.5%
Filings
20
Portfolio Value Over Time
2024-06
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 |
|---|---|---|---|---|---|
| ADD | VANGUARD INDEX FDS | 922908744 | +168,218 | +$32.1M | +$224,313 |
| REDUCE | SCHWAB STRATEGIC TR | 808524797 | -1,014,418 | -$27.8M | +$415,753 |
| ADD | PROSHARES TR | 74347R206 | +299,761 | +$21.1M | -$20.0M |
| ADD | ALPHABET INC | GOOG | +35,343 | +$11.1M | +$5.1M |
| ADD | SELECT SECTOR SPDR TR | 81369Y803 | +68,465 | +$9.9M | -$10.4M |
| NEW | IONQ INC | IONQ-WT | +171,755 | +$7.7M | $0 |
| REDUCE | QUANTUM COMPUTING INC | QUBT | -730,209 | -$7.5M | -$9.1M |
| ADD | SERVICENOW INC | NOW | +39,756 | +$6.1M | -$10.7M |
| REDUCE | SUPER MICRO COMPUTER INC | SMCI | -157,933 | -$4.6M | -$4.9M |
| ADD | ISHARES TR | 464287226 | +41,644 | +$4.2M | -$201,389 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025725 pos · $2.87B
- 13F HOLDINGS REPORTQ/E Sep 2025738 pos · $2.80B
- 13F HOLDINGS REPORTQ/E Jun 2025704 pos · $2.53B
- 13F HOLDINGS REPORTQ/E Mar 2025684 pos · $2.45B
- 13F HOLDINGS REPORTQ/E Dec 2024665 pos · $2.52B
- 13F HOLDINGS REPORTQ/E Sep 2024668 pos · $2.45B
- 13F HOLDINGS REPORTQ/E Jun 2024351 pos · $683.1M
- 13F HOLDINGS REPORTQ/E Jun 2024472 pos · $1.16B
- 13F HOLDINGS REPORTQ/E Jun 2024479 pos · $1.21B
- 13F HOLDINGS REPORTQ/E Jun 2024400 pos · $751.7M
- 13F HOLDINGS REPORTQ/E Jun 2024437 pos · $1.07B
- 13F HOLDINGS REPORTQ/E Jun 2024361 pos · $623.7M
- 13F HOLDINGS REPORTQ/E Jun 2024396 pos · $854.7M
- 13F HOLDINGS REPORTQ/E Jun 2024387 pos · $899.9M
- 13F HOLDINGS REPORTQ/E Jun 2024366 pos · $675.3M
- 13F HOLDINGS REPORTQ/E Jun 2024403 pos · $815.9M
- 13F HOLDINGS REPORTQ/E Jun 2024426 pos · $1.13B
- 13F HOLDINGS REPORTQ/E Jun 2024473 pos · $1.23B
- 13F HOLDINGS REPORTQ/E Jun 2024359 pos · $744.9M
- 13F HOLDINGS REPORTQ/E Jun 2024387 pos · $721.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 1,628,632 | $303.7M | 16.49% |
| 2 | SCHWAB STRATEGIC TR | 808524300 | 4,761,784 | $155.3M | 8.43% |
| 3 | INVESCO QQQ TR | IVZ | 165,976 | $102.0M | 5.54% |
| 4 | APPLE INC | AAPL | 342,847 | $93.2M | 5.06% |
| 5 | ISHARES TR | 464287200 | 106,343 | $72.8M | 3.95% |
| 6 | AMAZON COM INC | AMZN | 309,467 | $71.4M | 3.88% |
| 7 | SCHWAB STRATEGIC TR | 808524797 | 2,183,630 | $59.9M | 3.25% |
| 8 | ISHARES TR | 464287226 | 586,042 | $58.5M | 3.18% |
| 9 | VANGUARD INDEX FDS | 922908744 | 231,133 | $44.1M | 2.40% |
| 10 | PROSHARES TR | 74347R206 | 599,334 | $42.2M | 2.29% |
| 11 | SPDR S&P 500 ETF TR | SPY | 53,867 | $36.7M | 1.99% |
| 12 | ISHARES TR | 464287440 | 370,441 | $35.6M | 1.93% |
| 13 | VANGUARD STAR FDS | 921909768 | 470,925 | $35.5M | 1.93% |
| 14 | SPDR SERIES TRUST | 78468R853 | 746,798 | $35.0M | 1.90% |
| 15 | ALPHABET INC | GOOG | 107,987 | $33.8M | 1.84% |
| 16 | INVESCO EXCHANGE TRADED FD T | IVZ | 329,674 | $33.8M | 1.83% |
| 17 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 66,699 | $33.5M | 1.82% |
| 18 | VANGUARD WHITEHALL FDS | 921946406 | 232,245 | $33.3M | 1.81% |
| 19 | MICROSOFT CORP | MSFT | 66,664 | $32.2M | 1.75% |
| 20 | SCHWAB STRATEGIC TR | 808524755 | 657,138 | $29.7M | 1.61% |