# Focused Investors LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1426398. Source: https://holderbook.com/funds/1426398-focused-investors-llc/

- Reported value: $3.0B
- Positions: 23
- Weight of the ten largest: 62.0%
- Filed: 2026-07-28

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $246.8M | 244,000 | 8.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $230.8M | 1,104,050 | 7.8% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $215.3M | 847,800 | 7.3% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $184.3M | 443,500 | 6.2% | 31 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $178.5M | 461,600 | 6.0% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $172.5M | 625,900 | 5.8% | 28 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $161.8M | 433,700 | 5.5% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $160.2M | 1,664,650 | 5.4% | 11 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $154.1M | 455,650 | 5.2% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $133.1M | 425,000 | 4.5% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $131.7M | 972,650 | 4.4% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $125.0M | 825,300 | 4.2% | 26 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $99.4M | 367,800 | 3.4% | 31 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $94.4M | 1,300,800 | 3.2% | 7 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $86.2M | 390,950 | 2.9% | 20 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $82.6M | 284,150 | 2.8% | 22 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $81.7M | 557,750 | 2.8% | 16 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $81.6M | 160,300 | 2.8% | 24 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $75.3M | 147,900 | 2.5% | 24 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $71.7M | 1,117,750 | 2.4% | 7 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $67.4M | 404,300 | 2.3% | 1 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $66.5M | 188,500 | 2.2% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $61.3M | 492,400 | 2.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.4% | +14.8% | -9.4% | 100% |
| Q1 2026 | -2.1% | -4.6% | +2.5% | 100% |
| Q4 2025 | -1.2% | +2.4% | -3.6% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q2 2025 | +1.4% | +10.5% | -9.0% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.1% | 100% |
| Q4 2024 | -4.4% | +2.1% | -6.5% | 100% |
| Q3 2024 | +9.5% | +5.4% | +4.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.0B | 23 |
| Q1 2026 | $3.1B | 22 |
| Q4 2025 | $3.1B | 22 |
| Q3 2025 | $3.3B | 23 |
| Q2 2025 | $3.1B | 23 |
| Q1 2025 | $3.1B | 24 |
| Q4 2024 | $3.2B | 24 |
| Q3 2024 | $3.3B | 23 |
| Q2 2024 | $3.1B | 23 |
| Q1 2024 | $3.2B | 23 |
| Q4 2023 | $3.1B | 23 |
| Q3 2023 | $2.8B | 23 |