Focused Investors LLC reported 22 positions worth $2.41B for the quarter ended Sep 30, 2026, down 18.6% on the prior quarter. It opened 0 new positions, added to 2, trimmed 20 and exited 1. Its largest holding is Johnson & Johnson at 7.8% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| CNC Centene Corp | -1.12M | -100.0% | $71.75M | Exited |
| MSFT Microsoft Corp | -69.8K | -16.1% | $35.80M | 7.74% |
| JNJ Johnson & Johnson | -134.0K | -15.8% | $35.48M | 7.84% |
| GS Goldman Sachs Group Inc | -39.3K | -16.1% | $35.38M | 7.64% |
| MS Morgan Stanley | -176.6K | -16.0% | $33.21M | 7.23% |
| ELV Elevance Health, Inc. | -74.5K | -16.1% | $28.97M | 6.24% |
| DIS Walt Disney Co | -265.1K | -15.9% | $27.81M | 6.09% |
| CI Cigna Group | -99.8K | -15.9% | $27.13M | 5.93% |
| UNH Unitedhealth Group Inc | -70.7K | -15.9% | $25.95M | 5.68% |
| AXP American Express Co | -72.6K | -15.9% | $22.08M | 4.83% |
No new positions this quarter.
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| CNC Centene Corp | -1.12M | $71.75M | 2.42% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | JNJ Johnson & Johnson | Healthcare | 713.8K | $188.97M | 7.84% | -134.0K | -15.8% | Reduced | 0.03% |
| 2 | MSFT Microsoft Corp | Technology | 363.9K | $186.64M | 7.74% | -69.8K | -16.1% | Reduced | 0% |
| 3 | GS Goldman Sachs Group Inc | Financial Services | 204.7K | $184.30M | 7.64% | -39.3K | -16.1% | Reduced | 0.07% |
| 4 | MS Morgan Stanley | Financial Services | 927.5K | $174.43M | 7.23% | -176.6K | -16.0% | Reduced | 0.06% |
| 5 | ELV Elevance Health, Inc. | Healthcare | 387.1K | $150.51M | 6.24% | -74.5K | -16.1% | Reduced | 0.18% |
| 6 | DIS Walt Disney Co | Communication Services | 1.40M | $146.81M | 6.09% | -265.1K | -15.9% | Reduced | 0.08% |
| 7 | CI Cigna Group | Healthcare | 526.1K | $143.01M | 5.93% | -99.8K | -15.9% | Reduced | 0.2% |
| 8 | UNH Unitedhealth Group Inc | Healthcare | 372.8K | $136.85M | 5.68% | -70.7K | -15.9% | Reduced | 0.04% |
| 9 | AXP American Express Co | Financial Services | 383.1K | $116.49M | 4.83% | -72.6K | -15.9% | Reduced | 0.06% |
| 10 | PEP Pepsico Inc | Consumer Staples | 818.0K | $103.65M | 4.3% | -154.7K | -15.9% | Reduced | 0.06% |
| 11 | FDX Fedex Corp | Industrials | 356.5K | $101.63M | 4.22% | -68.5K | -16.1% | Reduced | 0.15% |
| 12 | ACN Accenture plc | Industrials | 548.8K | $100.63M | 4.17% | +56.4K | +11.5% | Added | 0.08% |
| 13 | TJX Tjx Companies Inc | Consumer Discretionary | 691.9K | $91.55M | 3.8% | -133.4K | -16.2% | Reduced | 0.06% |
| 14 | GPN Global Payments Inc | Technology | 1.09M | $89.29M | 3.7% | -207.5K | -16.0% | Reduced | 0.41% |
| 15 | ORCL Oracle Corp | Technology | 566.4K | $77.76M | 3.22% | +8,600 | +1.5% | Added | 0.02% |
Tip. Select a row to see that position’s full history at Focused Investors.
As of its Q3 2026 13F filing, Focused Investors LLC’s five largest positions were Johnson & Johnson (JNJ) at 7.8%, Microsoft Corp (MSFT) at 7.7%, Goldman Sachs Group Inc (GS) at 7.6%, Morgan Stanley (MS) at 7.2%, Elevance Health, Inc. (ELV) at 6.2% of the reported portfolio.
Focused Investors LLC reported a 13F portfolio worth $2.41B across 22 positions for Q3 2026. That is down 18.6% from the previous quarter.
Its largest purchases by value were Accenture plc ($10.34M), Oracle Corp ($1.18M). It opened 0 new positions.
Its largest sales by value were Centene Corp ($71.75M), Microsoft Corp ($35.80M), Johnson & Johnson ($35.48M). It exited 1 positions entirely.
From the Form 13F-HR reports Focused Investors LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.