# NewFocus Financial Group, LLC

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1599212. Source: https://holderbook.com/funds/1599212-newfocus-financial-group-llc/

- Reported value: $339.7M
- Positions: 118
- Weight of the ten largest: 41.8%
- Filed: 2021-01-28

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $36.5M | 274,766 | 10.7% | 9 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $22.0M | 156,126 | 6.5% | 9 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $17.4M | 277,390 | 5.1% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $12.2M | 54,893 | 3.6% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $10.7M | 28,421 | 3.1% | 9 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $10.6M | 30,210 | 3.1% | 9 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $9.5M | 26,762 | 2.8% | 9 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $8.7M | 54,107 | 2.6% | 9 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $7.4M | 165,694 | 2.2% | 9 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $7.0M | 109,159 | 2.1% | 5 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $6.5M | 49,665 | 1.9% | 9 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $6.3M | 72,398 | 1.9% | 6 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $6.3M | 68,187 | 1.8% | 6 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $5.8M | 83,714 | 1.7% | 8 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $5.5M | 28,189 | 1.6% | 9 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $5.4M | 75,553 | 1.6% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.2M | 32,976 | 1.5% | 9 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $5.1M | 142,013 | 1.5% | 4 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $5.0M | 6,936 | 1.5% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $4.6M | 13,349 | 1.4% | 3 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $4.5M | 147,019 | 1.3% | 4 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $4.3M | 16,776 | 1.3% | 9 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $4.3M | 17,274 | 1.3% | 9 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $4.3M | 19,215 | 1.3% | 9 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $4.3M | 36,491 | 1.3% | 4 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $4.3M | 16,843 | 1.3% | 9 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $3.5M | 27,916 | 1.0% | 9 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.5M | 16,154 | 1.0% | 9 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $3.4M | 79,742 | 1.0% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.3M | 21,710 | 1.0% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.3M | 25,941 | 1.0% | 9 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $3.0M | 41,692 | 0.9% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.9M | 47,495 | 0.9% | 2 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $2.9M | 22,896 | 0.9% | 9 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $2.9M | 33,289 | 0.8% | 3 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $2.9M | 33,049 | 0.8% | 9 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $2.8M | 19,013 | 0.8% | 9 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $2.8M | 39,847 | 0.8% | 9 |
| WW GRAINGER INC | [GWW](https://holderbook.com/stocks/GWW/) | $2.7M | 6,732 | 0.8% | 9 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $2.7M | 43,004 | 0.8% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.5M | 16,567 | 0.7% | 9 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.4M | 6,350 | 0.7% | 9 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $2.2M | 18,733 | 0.7% | 9 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.2M | 10,051 | 0.6% | 7 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.2M | 20,407 | 0.6% | 2 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $2.2M | 36,615 | 0.6% | 9 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $2.2M | 12,366 | 0.6% | 2 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $2.1M | 40,787 | 0.6% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.1M | 4,769 | 0.6% | 3 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.1M | 30,086 | 0.6% | 9 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $1.8M | 48,769 | 0.5% | 3 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.8M | 26,198 | 0.5% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.7M | 21,002 | 0.5% | 2 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.7M | 18,861 | 0.5% | 5 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $1.6M | 25,404 | 0.5% | 9 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.6M | 6,663 | 0.5% | 6 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.6M | 7,587 | 0.5% | 5 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.6M | 18,649 | 0.5% | 9 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.5M | 13,574 | 0.4% | 3 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $1.4M | 16,044 | 0.4% | 4 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $1.4M | 11,442 | 0.4% | 3 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $1.4M | 12,635 | 0.4% | 2 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.4M | 6,016 | 0.4% | 5 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $1.4M | 8,983 | 0.4% | 3 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $1.3M | 10,927 | 0.4% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.3M | 42,680 | 0.4% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.3M | 4,836 | 0.4% | 6 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $1.3M | 7,286 | 0.4% | 3 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $1.2M | 12,286 | 0.4% | 9 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.2M | 10,321 | 0.4% | 9 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $1.1M | 15,457 | 0.3% | 2 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $1.0M | 3,439 | 0.3% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $928.0K | 285 | 0.3% | 9 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $904.0K | 6,354 | 0.3% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $852.0K | 17,001 | 0.3% | 9 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $810.0K | 13,791 | 0.2% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $807.0K | 13,834 | 0.2% | 9 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $791.0K | 9,713 | 0.2% | 6 |
| INVESCO EXCHANGE TRADED FD T | [PFM](https://holderbook.com/stocks/PFM/) | $784.0K | 23,848 | 0.2% | 9 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $757.0K | 3,887 | 0.2% | 9 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $644.0K | 2,802 | 0.2% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $636.0K | 2,027 | 0.2% | 9 |
| FMC CORP | [FMC](https://holderbook.com/stocks/FMC/) | $628.0K | 5,460 | 0.2% | 2 |
| NLIGHT INC | [LASR](https://holderbook.com/stocks/LASR/) | $574.0K | 17,586 | 0.2% | 7 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $574.0K | 7,724 | 0.2% | 9 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $503.0K | 1,197 | 0.1% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $486.0K | 1,779 | 0.1% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $482.0K | 275 | 0.1% | 9 |
| ISHARES TR | [GBF](https://holderbook.com/stocks/GBF/) | $482.0K | 3,826 | 0.1% | 9 |
| SPDR SERIES TRUST | [CWB](https://holderbook.com/stocks/CWB/) | $433.0K | 5,227 | 0.1% | 9 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $424.0K | 4,378 | 0.1% | 4 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $415.0K | 3,878 | 0.1% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $347.0K | 198 | 0.1% | 9 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $344.0K | 1,756 | 0.1% | 9 |
| ISHARES TR | [XT](https://holderbook.com/stocks/XT/) | $343.0K | 5,996 | 0.1% | 3 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $341.0K | 2,470 | 0.1% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $334.0K | 5,240 | 0.1% | 9 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $329.0K | 1,591 | 0.1% | 9 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $325.0K | 4,000 | 0.1% | 3 |
| NOVOCURE LTD | [NVCR](https://holderbook.com/stocks/NVCR/) | $322.0K | 1,860 | 0.1% | 2 |

## 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 |
|---|---|---|---|---|
| Q4 2020 | +11.8% | +11.6% | +0.2% | 100% |
| Q3 2020 | +7.9% | +8.6% | -0.7% | 100% |
| Q2 2020 | +20.6% | +19.6% | +1.0% | 100% |
| Q1 2020 | -21.8% | -19.9% | -1.9% | 100% |
| Q4 2019 | +9.3% | +8.5% | +0.8% | 100% |
| Q3 2019 | +1.9% | +1.3% | +0.6% | 100% |
| Q2 2019 | +3.2% | +3.7% | -0.6% | 100% |
| Q1 2019 | +13.9% | +13.0% | +0.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $339.7M | 118 |
| Q3 2020 | $300.0M | 113 |
| Q2 2020 | $278.9M | 108 |
| Q1 2020 | $216.6M | 92 |
| Q4 2019 | $256.1M | 103 |
| Q3 2019 | $227.9M | 101 |
| Q2 2019 | $216.0M | 94 |
| Q1 2019 | $200.4M | 85 |
| Q4 2018 | $169.4M | 84 |