# Focus Financial Network, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2010942. Source: https://holderbook.com/funds/2010942-focus-financial-network-inc/

- Reported value: $3.2B
- Positions: 764
- Weight of the ten largest: 33.8%
- Filed: 2026-07-09

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $319.9M | 1,598,701 | 9.9% | 29 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $147.6M | 4,361,225 | 4.6% | 17 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $118.6M | 161,020 | 3.7% | 29 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $97.3M | 336,261 | 3.0% | 29 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $92.5M | 123,492 | 2.9% | 29 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $71.1M | 298,452 | 2.2% | 29 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $64.6M | 296,209 | 2.0% | 29 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $63.5M | 641,837 | 2.0% | 13 |
| PROSHARES TR | [QLD](https://holderbook.com/stocks/QLD/) | $58.0M | 599,844 | 1.8% | 17 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $57.7M | 1,818,289 | 1.8% | 29 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $44.4M | 19,508 | 1.4% | 2 |
| SCHWAB STRATEGIC TR | [FNDF](https://holderbook.com/stocks/FNDF/) | $43.4M | 821,704 | 1.3% | 17 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $41.2M | 481,632 | 1.3% | 29 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $39.4M | 348,740 | 1.2% | 17 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $38.4M | 405,791 | 1.2% | 13 |
| FIDELITY COVINGTON TRUST | [FESM](https://holderbook.com/stocks/FESM/) | $37.3M | 771,548 | 1.2% | 3 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $34.8M | 220,387 | 1.1% | 29 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $32.2M | 90,075 | 1.0% | 29 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $31.7M | 445,510 | 1.0% | 29 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $29.4M | 39,307 | 0.9% | 29 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $29.1M | 58,099 | 0.9% | 29 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $26.7M | 112,982 | 0.8% | 29 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $26.3M | 137,844 | 0.8% | 29 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $24.5M | 278,605 | 0.8% | 17 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $24.0M | 217,178 | 0.7% | 29 |
| T ROWE PRICE EXCHANGE-TRADED | [TBUX](https://holderbook.com/stocks/TBUX/) | $22.9M | 459,368 | 0.7% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $22.6M | 60,635 | 0.7% | 29 |
| INVESCO EXCHANGE TRADED FD T | [XMMO](https://holderbook.com/stocks/XMMO/) | $21.3M | 125,386 | 0.7% | 17 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $20.9M | 600,252 | 0.6% | 17 |
| INVESCO EXCHANGE TRADED FD T | [XSMO](https://holderbook.com/stocks/XSMO/) | $20.7M | 220,755 | 0.6% | 10 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $20.6M | 710,192 | 0.6% | 17 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $20.1M | 146,039 | 0.6% | 29 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $19.7M | 64,987 | 0.6% | 10 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $19.6M | 217,531 | 0.6% | 17 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $19.6M | 327,999 | 0.6% | 29 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $19.1M | 442,090 | 0.6% | 8 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $18.0M | 611,089 | 0.6% | 17 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $17.5M | 47,956 | 0.5% | 13 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $17.1M | 465,129 | 0.5% | 17 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $16.8M | 164,318 | 0.5% | 10 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $16.2M | 169,182 | 0.5% | 17 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $14.8M | 535,959 | 0.5% | 17 |
| ISHARES TR | [IMTM](https://holderbook.com/stocks/IMTM/) | $14.1M | 264,351 | 0.4% | 8 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $14.0M | 387,046 | 0.4% | 13 |
| INVESCO ACTIVELY MANAGED EXC | [GTO](https://holderbook.com/stocks/GTO/) | $13.8M | 294,261 | 0.4% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $13.7M | 32,977 | 0.4% | 29 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $13.1M | 284,602 | 0.4% | 13 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $12.7M | 34,274 | 0.4% | 13 |
| FIRST TR EXCHANGE TRADED FD | [FGD](https://holderbook.com/stocks/FGD/) | $12.5M | 389,682 | 0.4% | 1 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $12.2M | 179,726 | 0.4% | 10 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $12.2M | 71,797 | 0.4% | 16 |
| PROFESIONALLY MANAGED PORTFO | [AKRE](https://holderbook.com/stocks/AKRE/) | $12.1M | 226,843 | 0.4% | 2 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $11.9M | 54,255 | 0.4% | 19 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $11.6M | 38,701 | 0.4% | 29 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $11.0M | 29,860 | 0.3% | 29 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $11.0M | 141,122 | 0.3% | 13 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $11.0M | 33,578 | 0.3% | 29 |
| FIRST TR EXCHNG TRADED FD VI | [UCON](https://holderbook.com/stocks/UCON/) | $10.8M | 435,847 | 0.3% | 1 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $10.8M | 283,322 | 0.3% | 17 |
| T ROWE PRICE EXCHANGE-TRADED | [TCAF](https://holderbook.com/stocks/TCAF/) | $10.7M | 260,779 | 0.3% | 11 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $10.7M | 10,043 | 0.3% | 29 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $10.7M | 131,584 | 0.3% | 21 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $10.1M | 14,715 | 0.3% | 29 |
| BLACKROCK ETF TRUST | [CORO](https://holderbook.com/stocks/CORO/) | $10.1M | 274,833 | 0.3% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $9.9M | 10,630 | 0.3% | 29 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $9.8M | 368,427 | 0.3% | 13 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $9.5M | 193,176 | 0.3% | 5 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $9.2M | 160,378 | 0.3% | 12 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $9.0M | 55,567 | 0.3% | 29 |
| QUANTUM COMPUTING INC | [QUBT](https://holderbook.com/stocks/QUBT/) | $8.8M | 911,635 | 0.3% | 7 |
| J P MORGAN EXCHANGE TRADED F | [JQUA](https://holderbook.com/stocks/JQUA/) | $8.5M | 117,142 | 0.3% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $8.4M | 7,014 | 0.3% | 29 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $8.4M | 36,930 | 0.3% | 29 |
| J P MORGAN EXCHANGE TRADED F | [JPIE](https://holderbook.com/stocks/JPIE/) | $8.2M | 178,616 | 0.3% | 13 |
| MORGAN STANLEY ETF TRUST | [EVTR](https://holderbook.com/stocks/EVTR/) | $8.2M | 160,768 | 0.3% | 3 |
| VANGUARD SCOTTSDALE FDS | [VGLT](https://holderbook.com/stocks/VGLT/) | $8.1M | 147,527 | 0.3% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.9M | 20,920 | 0.2% | 17 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $7.6M | 70,944 | 0.2% | 25 |
| FIRST TR EXCHANGE-TRADED FD | [EMLP](https://holderbook.com/stocks/EMLP/) | $7.2M | 166,609 | 0.2% | 14 |
| ISHARES TR | [ISCF](https://holderbook.com/stocks/ISCF/) | $7.1M | 164,366 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $6.9M | 79,877 | 0.2% | 29 |
| VIRGIN GALACTIC HOLDINGS INC | [SPCE](https://holderbook.com/stocks/SPCE/) | $6.9M | 2,380,623 | 0.2% | 1 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $6.7M | 71,796 | 0.2% | 29 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.7M | 26,353 | 0.2% | 29 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.6M | 15,600 | 0.2% | 29 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $6.4M | 79,154 | 0.2% | 29 |
| INVESCO EXCHANGE TRADED FD T | [PFM](https://holderbook.com/stocks/PFM/) | $6.3M | 113,600 | 0.2% | 17 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $6.2M | 24,743 | 0.2% | 29 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $6.2M | 29,295 | 0.2% | 29 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $6.2M | 31,114 | 0.2% | 17 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $6.1M | 76,389 | 0.2% | 29 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $6.1M | 74,405 | 0.2% | 13 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $5.9M | 12,208 | 0.2% | 1 |
| BLACKROCK ETF TRUST | [BAI](https://holderbook.com/stocks/BAI/) | $5.9M | 111,967 | 0.2% | 5 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $5.8M | 79,602 | 0.2% | 13 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $5.8M | 109,738 | 0.2% | 29 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $5.7M | 5,649 | 0.2% | 20 |
| FIRST TR EXCHANGE TRADED FD | [AIRR](https://holderbook.com/stocks/AIRR/) | $5.7M | 42,647 | 0.2% | 6 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $5.6M | 8,798 | 0.2% | 12 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $5.6M | 179,678 | 0.2% | 18 |

## 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 | +14.2% | +14.8% | -0.6% | 100% |
| Q1 2026 | -2.9% | -4.6% | +1.8% | 100% |
| Q4 2025 | +1.1% | +2.4% | -1.3% | 100% |
| Q3 2025 | +7.9% | +7.8% | +0.1% | 100% |
| Q2 2025 | +10.5% | +10.5% | +0.1% | 100% |
| Q1 2025 | -5.0% | -4.6% | -0.4% | 100% |
| Q4 2024 | +1.4% | +2.1% | -0.8% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.5% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.2B | 764 |
| Q1 2026 | $2.8B | 729 |
| Q4 2025 | $2.9B | 725 |
| Q3 2025 | $2.8B | 738 |
| Q2 2025 | $2.5B | 704 |
| Q1 2025 | $2.4B | 684 |
| Q4 2024 | $2.5B | 665 |
| Q3 2024 | $2.4B | 668 |
| Q2 2024 | $2.3B | 657 |
| Q1 2024 | $2.1B | 626 |
| Q3 2023 | $1.8B | 586 |
| Q2 2023 | $1.8B | 589 |