Focus Financial Network, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 22, 2024), Focus Financial Network, Inc. reported 657 stock positions worth $2.3 billion. Its top holding was Nvidia (NVDA) at 9.1% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 5.0%) and iShares Core S&P 500 ETF (IVV, 4.7%). Compared with Q1 2024, it opened 48 new positions, sold out of 17, added to 351 and reduced 223. The biggest buy was Nvidia (NVDA, shares +13%) and the biggest sale Shopify Class A (SHOP, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002010942
- Portfolio Value
- $2.3B (Q2 2024)
- SEC Filing
- 0001754960-24-000302 ↗ filed Jul 22, 2024
Holdings Value
Holdings 657 stocks · $2.3B
| NVDA Nvidia Corp. | 9.13% | 1,812,060 | $213.8M | Add +12.6% |
| SCHG Schwab US Large-Cap Growth | 4.96% | 1,140,331 | $116.1M | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 4.67% | 195,090 | $109.3M | Add +5.3% |
| AAPL Apple Inc. | 3.94% | 403,178 | $92.3M | Reduce -2.4% |
| SCHD Schwab US DVD Equity ETF | 3.52% | 999,883 | $82.3M | Reduce -2.0% |
| QQQ Invesco QQQ Trust Series 1 | 3.42% | 165,960 | $80.0M | Add +4.7% |
| AMZN Amazon.com Inc. | 2.49% | 310,657 | $58.4M | Add +1.5% |
| AGG iShares Core U.S. Aggregate | 2.01% | 476,937 | $47.0M | Add +3.7% |
| MSFT Microsoft Corp. | 1.42% | 74,807 | $33.2M | Add +1.8% |
| SCHV Schwab US Large-Cap Value | 1.28% | 388,595 | $30.0M | Reduce -1.2% |
| QLD Proshares Ultra QQQ | 1.28% | 298,754 | $30.0M | Add +0.1% |
| VYM Vanguard High DVD Yield ETF | 1.24% | 233,294 | $29.0M | Reduce -3.5% |
| UNH Unitedhealth Group Inc. | 1.17% | 47,854 | $27.4M | Reduce -13.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.13% | 584,712 | $26.5M | Add +2.5% |
| IEF iShares 7-10 Year Treasury B | 1.13% | 277,039 | $26.4M | Add +4.8% |
| VXUS Vanguard Total Intl Stock | 1.09% | 410,676 | $25.6M | Add +2.9% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.08% | 250,815 | $25.2M | Add +3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.07% | 56,272 | $25.1M | Add +2.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.03% | 368,238 | $24.1M | Reduce -11.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.01% | 42,352 | $23.6M | Add +4.8% |
| VOO Vanguard S&P 500 ETF | 1.01% | 45,987 | $23.5M | Add +17.6% |
| SCHB Schwab US Broad Market ETF | 0.92% | 332,749 | $21.5M | Reduce -15.7% |
| IWR iShares Russell Mid-Cap ETF | 0.89% | 246,472 | $20.8M | Add +2.1% |
| GTO Invesco Total Return Bond Et filed as POWERSHARES ACTIVELY MANAGED | 0.78% | 388,671 | $18.3M | Add +0.6% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.76% | 490,625 | $17.8M | Add +0.8% |
| VIG Vanguard Dividend Apprec ETF | 0.74% | 91,123 | $17.3M | Add +4.4% |
| XLK SS Technology Select Sector | 0.71% | 74,522 | $16.7M | Add +0.1% |
| IVW iShares S&P 500 Growth ETF | 0.69% | 171,948 | $16.0M | Add +26.2% |
| QUAL iShares MSCI USA Quality Fac | 0.68% | 92,403 | $16.0M | Reduce -4.8% |
| GOOGL Alphabet Inc. Class A | 0.68% | 87,527 | $15.8M | Add +3.4% |
| SCHX Schwab US Large-Cap ETF | 0.64% | 227,949 | $15.0M | Add +0.2% |
| XMMO Invesco S&P Midcap Momentum | 0.61% | 123,051 | $14.3M | Reduce -3.2% |
| SCHM Schwab US Mid Cap ETF | 0.60% | 173,437 | $14.1M | Reduce -0.1% |
| DGRW Wisdomtree U.S. Quality Divi | 0.58% | 168,196 | $13.5M | Reduce -0.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.57% | 67,574 | $13.4M | Add +3.1% |
| SPHQ Invesco S&P 500 Quality ETF | 0.57% | 205,217 | $13.3M | Add +4.9% |
| XSMO Invesco S&P Smallcap Momentu | 0.56% | 200,950 | $13.1M | Add +0.5% |
| ILTB iShares Core 10+ Year Usd Bo | 0.51% | 234,489 | $12.0M | Add +1.6% |
| VWO Vanguard Ftse Emerging Marke | 0.50% | 263,352 | $11.8M | Add +1.9% |
| JPIE JPMorgan Income ETF | 0.49% | 248,976 | $11.4M | Add +21.3% |
| BSV Vanguard Short-Term Bond ETF | 0.48% | 144,489 | $11.2M | Add +1.3% |
| LLY Eli Lilly & Co. | 0.47% | 12,177 | $11.0M | Add +70.7% |
| SCHA Schwab US Small-Cap ETF | 0.47% | 215,104 | $11.0M | Add +0.5% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.41% | 208,346 | $9.7M | Add +6.0% |
| NOW ServiceNow Inc. | 0.41% | 13,158 | $9.7M | Add +5.4% |
| VHT Vanguard Health Care ETF | 0.41% | 35,025 | $9.7M | Add +0.5% |
| VEA Vanguard Ftse Developed ETF | 0.39% | 179,696 | $9.2M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 0.38% | 10,623 | $9.0M | Add +0.4% |
| IYW iShares Ustechnology ETF | 0.38% | 58,491 | $8.8M | Add +0.9% |
| SCHF Schwab Intl Equity ETF | 0.37% | 216,301 | $8.6M | Add +2.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.36% | 184,933 | $8.5M | Reduce -1.0% |
| CWI State Street SPDR MSCI Acwi | 0.36% | 286,116 | $8.3M | Add +2.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.35% | 30,116 | $8.3M | Reduce -3.8% |
| IVE iShares S&P 500 Value ETF | 0.34% | 42,257 | $8.0M | Add +3.6% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.34% | 166,838 | $8.0M | Add +3.7% |
| SCHZ Schwab US Aggregate Bond ETF | 0.34% | 171,994 | $8.0M | Add +1.7% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.34% | 92,105 | $7.9M | Reduce -1.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.34% | 96,630 | $7.9M | Reduce -3.6% |
| EFG iShares MSCI Eafe Growth ETF | 0.33% | 74,124 | $7.7M | Add +36.0% |
| JPM JPMorgan Chase & Co. | 0.32% | 34,207 | $7.4M | Add +4.7% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.31% | 28,045 | $7.4M | Reduce -0.7% |
| IQLT iShares MSCI International Q | 0.30% | 174,581 | $7.0M | Add +0.1% |
| SGOL Abrdn Physical Gold Shares | 0.30% | 295,656 | $6.9M | Add +1.1% |
| SCHO Schwab Short-Term US Treas | 0.30% | 143,186 | $6.9M | Add +0.2% |
| SCHR Schwab Intermediate-Term US | 0.29% | 139,884 | $6.9M | Add +5.2% |
| MUB iShares National Muni Bond E | 0.29% | 62,407 | $6.7M | Add +1.3% |
| AVGO Broadcom Inc. | 0.28% | 42,183 | $6.6M | Add +2178.9% |
| MMM 3M Co. | 0.28% | 62,788 | $6.6M | Add +14.0% |
| XSVM Invesco S&P Smallcap Value W | 0.28% | 113,310 | $6.5M | Add +0.5% |
| TLH iShares 10-20 Year Treasury | 0.27% | 60,355 | $6.3M | Add +11.6% |
| TGT Target Corp. | 0.26% | 38,541 | $6.0M | Reduce -2.5% |
| XEL Xcel Energy Inc. | 0.25% | 106,056 | $5.9M | Reduce -2.5% |
| USFR Wisdomtree Floating Rate Tre | 0.24% | 113,664 | $5.7M | Reduce -6.1% |
| TSLA Tesla Inc. | 0.24% | 22,761 | $5.7M | Reduce -27.9% |
| JNJ Johnson & Johnson | 0.24% | 35,839 | $5.6M | Add +0.7% |
| GLD SPDR Gold Shares | 0.24% | 24,486 | $5.6M | Reduce -0.5% |
| XLE SS Energy Select Sector | 0.23% | 58,077 | $5.4M | Reduce -8.3% |
| XLV SS Health Care Select Sector | 0.23% | 35,739 | $5.4M | Reduce -2.3% |
| PFM Invesco Dividend Achievers E | 0.22% | 117,679 | $5.2M | Add +3.7% |
| VGT Vanguard Info Tech ETF | 0.21% | 8,400 | $4.9M | Reduce -0.4% |
| PNR Pentair PLC | 0.21% | 59,408 | $4.9M | Add +0.0% |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 27,863 | $4.8M | Reduce -0.4% |
| ECL Ecolab Inc. | 0.20% | 18,771 | $4.6M | Add +6.3% |
| NVT Nvent Electric PLC | 0.19% | 60,545 | $4.5M | Reduce -0.8% |
| VFH Vanguard Financials ETF | 0.19% | 41,801 | $4.5M | Add +148.1% |
| XLY SS Consumer Disc Select Sect | 0.19% | 23,011 | $4.4M | Reduce -10.6% |
| AOM iShares Core 40/60 Moderate | 0.19% | 100,673 | $4.4M | Reduce -34.4% |
| XLP SS Consumer Staples Sel Sect | 0.19% | 55,057 | $4.3M | Reduce -0.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 11,467 | $4.3M | Reduce -4.0% |
| META Meta Platforms Inc. Class A | 0.18% | 9,274 | $4.3M | Add +9.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.18% | 25,412 | $4.3M | Add +13.0% |
| PID Invesco International Divide | 0.18% | 226,647 | $4.3M | Add +5.0% |
| EFV iShares MSCI Eafe Value ETF | 0.18% | 76,824 | $4.3M | Reduce -23.4% |
| VUSB Vanguard Ultra Short Bond Et | 0.18% | 85,305 | $4.2M | Add +1.2% |
| VLUE iShares MSCI USA Value Facto | 0.18% | 38,650 | $4.2M | Add +0.5% |
| GOOG Alphabet Inc. Class C | 0.18% | 23,017 | $4.2M | Reduce -4.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.18% | 82,387 | $4.2M | Add +25.3% |
| XOM Exxon Mobil Corp. | 0.18% | 35,171 | $4.1M | Add +11.5% |
| JQUA JPMorgan US Quality Factor | 0.17% | 75,634 | $4.1M | Add +8.8% |
| HD Home Depot Inc. | 0.17% | 10,858 | $4.0M | Add +0.7% |
Portfolio Sells Q1 2024 → Q2 2024
| SHOP Shopify Inc. Class A | Reduce -85.7% | 0.10% | −0.75 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.0% | 3.52% | −0.26 |
| SCHB Schwab US Broad Market ETF | Reduce -15.7% | 0.92% | −0.20 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -11.1% | 1.03% | −0.16 |
| AOR iShares Core 60/40 Balanced | Sold out | 0.00% | −0.16 |
| UNH Unitedhealth Group Inc. | Reduce -13.1% | 1.17% | −0.15 |
| AOM iShares Core 40/60 Moderate | Reduce -34.4% | 0.19% | −0.12 |
| VYM Vanguard High DVD Yield ETF | Reduce -3.5% | 1.24% | −0.12 |
| SCHV Schwab US Large-Cap Value | Reduce -1.2% | 1.28% | −0.09 |
| RSPS Invesco S&P 500 Equal Weight | Reduce -64.4% | 0.04% | −0.08 |
| SPSC SPS Commerce Inc. | Reduce -51.3% | 0.09% | −0.08 |
| EFV iShares MSCI Eafe Value ETF | Reduce -23.4% | 0.18% | −0.08 |
| XLF SS Financial Select Sector | Reduce -33.8% | 0.13% | −0.07 |
| TGT Target Corp. | Reduce -2.5% | 0.26% | −0.06 |
| PSCI Invesco S&P Smallcap Industr | Sold out | 0.00% | −0.06 |
| XLE SS Energy Select Sector | Reduce -8.3% | 0.23% | −0.06 |
| QUAL iShares MSCI USA Quality Fac | Reduce -4.8% | 0.68% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -3.6% | 0.34% | −0.06 |
| USFR Wisdomtree Floating Rate Tre | Reduce -6.1% | 0.24% | −0.05 |
| XMMO Invesco S&P Midcap Momentum | Reduce -3.2% | 0.61% | −0.05 |
| IOO iShares Global 100 ETF | Reduce -56.7% | 0.03% | −0.05 |
| DAL Delta Air Lines Inc. | Reduce -4.7% | 0.17% | −0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -1.0% | 0.36% | −0.04 |
| ARCC Ares Capital Corp. | Reduce -14.2% | 0.14% | −0.04 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.1% | 0.60% | −0.04 |
| MDT Medtronic PLC | Reduce -14.9% | 0.13% | −0.04 |
| V Visa Inc. Class A | Reduce -7.8% | 0.17% | −0.04 |
| XEL Xcel Energy Inc. | Reduce -2.5% | 0.25% | −0.03 |
| ACN Accenture PLC Class A | Reduce -28.8% | 0.06% | −0.03 |
| IXC iShares Global Energy ETF | Reduce -72.3% | 0.01% | −0.03 |
| VTIP Vanguard Short-Term Tips | Reduce -19.0% | 0.08% | −0.03 |
| MCD McDonald's Corp. | Reduce -1.4% | 0.15% | −0.03 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -25.9% | 0.07% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.7% | 0.39% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -13.7% | 0.06% | −0.03 |
| DHR Danaher Corp. | Reduce -19.7% | 0.08% | −0.03 |
| GLD SPDR Gold Shares | Reduce -0.5% | 0.24% | −0.03 |
| XLY SS Consumer Disc Select Sect | Reduce -10.6% | 0.19% | −0.03 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -6.9% | 0.17% | −0.02 |
| GIS General Mills Inc. | Reduce -3.9% | 0.09% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.8% | 0.35% | −0.02 |
| FEX First Trust Large Cap Core A | Reduce -18.9% | 0.07% | −0.02 |
| VKTX Viking Therapeutics Inc. | Reduce -46.8% | 0.01% | −0.02 |
| NVT Nvent Electric PLC | Reduce -0.8% | 0.19% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -15.7% | 0.06% | −0.02 |
| COIN Coinbase Global Inc. Class A | Reduce -35.5% | 0.04% | −0.02 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -0.5% | 0.58% | −0.02 |
| BJUN Innovator U.S. Equity Buffer | Reduce -39.4% | 0.02% | −0.02 |
| ETF SER SOLUTIONS | Sold out | 0.00% | −0.02 |
| ARKK ARK Innovation ETF | Reduce -35.3% | 0.03% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +12.6% | 9.13% | +2.49 |
| LLY Eli Lilly & Co. | Add +70.7% | 0.47% | +0.21 |
| AVGO Broadcom Inc. | Add +2178.9% | 0.28% | +0.17 |
| IVW iShares S&P 500 Growth ETF | Add +26.2% | 0.69% | +0.15 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.7% | 3.42% | +0.14 |
| IVV iShares Core S&P 500 ETF | Add +5.3% | 4.67% | +0.14 |
| QLD Proshares Ultra QQQ | Add +0.1% | 1.28% | +0.13 |
| VOO Vanguard S&P 500 ETF | Add +17.6% | 1.01% | +0.13 |
| VFH Vanguard Financials ETF | Add +148.1% | 0.19% | +0.11 |
| EFG iShares MSCI Eafe Growth ETF | Add +36.0% | 0.33% | +0.07 |
| SILA Sila Realty Trust Inc. | New | 0.06% | +0.06 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.06% | +0.06 |
| GAA Cambria Global Asset Allocat | Add +146.8% | 0.09% | +0.05 |
| IEMG iShares Core MSCI Emerging | Add +67.6% | 0.12% | +0.05 |
| PFFD Global X US Preferred ETF | Add +274.3% | 0.05% | +0.04 |
| JPIE JPMorgan Income ETF | Add +21.3% | 0.49% | +0.04 |
| MMM 3M Co. | Add +14.0% | 0.28% | +0.04 |
| FTEC Fidelity MSCI Info Tech Indx | Add +55.1% | 0.09% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +3.4% | 0.68% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +4.7% | 0.32% | +0.03 |
| MAGS Roundhill Magnificent Seven | New | 0.03% | +0.03 |
| HELO JPMorgan Hedged Equity ETF | New | 0.03% | +0.03 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +74.8% | 0.07% | +0.03 |
| ARM Arm Holdings PLC-ADR | New | 0.03% | +0.03 |
| VCLT Vanguard Long-Term Corp. Bond | Add +60.1% | 0.08% | +0.02 |
| BAC Bank of America Corp. | Add +19.1% | 0.11% | +0.02 |
| FFEB FT Vest US Equity Buffer ETF | Add +82.3% | 0.06% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.8% | 1.01% | +0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +2.5% | 1.13% | +0.02 |
| GOF Guggenheim Strategic Opport | New | 0.02% | +0.02 |
| RSPH Invesco S&P 500 Equal Weight | Add +25.5% | 0.16% | +0.02 |
| WMS Advanced Drainage Systems Inc. | New | 0.02% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +96.9% | 0.05% | +0.02 |
| INTU Intuit Inc. | Add +57.9% | 0.06% | +0.02 |
| SCHG Schwab US Large-Cap Growth | Add +0.2% | 4.96% | +0.02 |
| BALT Inn Defined Wealth Shield | New | 0.02% | +0.02 |
| GLW Corning Inc. | New | 0.02% | +0.02 |
| FMB First Trust Managed Municipa | Add +227.3% | 0.03% | +0.02 |
| FXL First Trust Technology Alpha | Add +132.5% | 0.03% | +0.02 |
| COST Costco Wholesale Corp. | Add +0.4% | 0.38% | +0.02 |
| GLTR Abrdn Precious Metals Basket | Add +33.0% | 0.10% | +0.02 |
| JMST JPM Ultra-Short Muni Income | Add +25.3% | 0.18% | +0.02 |
| AMGN Amgen Inc. | Add +9.2% | 0.09% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +3.1% | 0.57% | +0.02 |
| VT Vanguard Tot World STK ETF | Add +21.5% | 0.11% | +0.02 |
| VONG Vanguard Russell 1000 Growth | Add +18.6% | 0.10% | +0.02 |
| TTD Trade Desk Inc./the Class A | New | 0.02% | +0.02 |
| NVS Novartis AG-Sponsored ADR | New | 0.01% | +0.01 |
| TCAF T Rowe PRC Cap Appreciation | Add +20.8% | 0.10% | +0.01 |
| JUNW Alianzim US Eq BFR20 Jun-Usd | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 764 | $3.2B | NVDA, SCHG, QQQ, AAPL, IVV |
| Q1 2026 | 729 | $2.8B | NVDA, SCHG, QQQ, AAPL, IVV |
| Q4 2025 | 725 | $2.9B | NVDA, SCHG, QQQ, AAPL, IVV |
| Q3 2025 | 738 | $2.8B | NVDA, SCHG, QQQ, AAPL, SCHD |
| Q2 2025 | 704 | $2.5B | NVDA, SCHG, QQQ, SCHD, AAPL |
| Q1 2025 | 684 | $2.4B | NVDA, SCHG, IVV, SCHD, AAPL |
| Q4 2024 | 665 | $2.5B | NVDA, SCHG, IVV, AAPL, SCHD |
| Q3 2024 | 668 | $2.4B | NVDA, SCHG, IVV, AAPL, SCHD |
| Q2 2024 | 657 | $2.3B | NVDA, SCHG, IVV, AAPL, SCHD |
| Q1 2024 | 626 | $2.1B | NVDA, SCHG, IVV, SCHD, AAPL |