Focus Financial Network, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 28, 2024), Focus Financial Network, Inc. reported 668 stock positions worth $2.4 billion. Its top holding was Nvidia (NVDA) at 9.3% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 4.9%) and iShares Core S&P 500 ETF (IVV, 4.6%). Compared with Q2 2024, it opened 38 new positions, sold out of 27, added to 313 and reduced 243. The biggest buy was a new position in First Trust Smid Cap Rising (SDVY) and the biggest sale SS SPDR S&P 600 SC Val ETF (SLYV, shares −69%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002010942
- Portfolio Value
- $2.4B (Q3 2024)
- SEC Filing
- 0001754960-24-000536 ↗ filed Oct 28, 2024
Holdings Value
Holdings 668 stocks · $2.4B
| NVDA Nvidia Corp. | 9.29% | 1,872,850 | $227.5M | Add +3.4% |
| SCHG Schwab US Large-Cap Growth | 4.86% | 1,141,934 | $119.0M | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 4.61% | 195,558 | $112.8M | Add +0.2% |
| AAPL Apple Inc. | 3.81% | 400,806 | $93.4M | Reduce -0.6% |
| SCHD Schwab US DVD Equity ETF | 3.54% | 1,025,680 | $86.7M | Add +2.6% |
| QQQ Invesco QQQ Trust Series 1 | 3.27% | 164,048 | $80.1M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 2.41% | 316,211 | $58.9M | Add +1.8% |
| AGG iShares Core U.S. Aggregate | 2.03% | 490,816 | $49.7M | Add +2.9% |
| MSFT Microsoft Corp. | 1.34% | 76,296 | $32.8M | Add +2.0% |
| SCHV Schwab US Large-Cap Value | 1.23% | 375,949 | $30.2M | Reduce -3.3% |
| QLD Proshares Ultra QQQ | 1.23% | 298,754 | $30.1M | No change |
| VYM Vanguard High DVD Yield ETF | 1.22% | 232,819 | $29.8M | Reduce -0.2% |
| IEF iShares 7-10 Year Treasury B | 1.13% | 282,530 | $27.7M | Add +2.0% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.12% | 266,923 | $27.4M | Add +6.4% |
| UNH Unitedhealth Group Inc. | 1.11% | 46,434 | $27.1M | Reduce -3.0% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.11% | 596,338 | $27.1M | Add +2.0% |
| VXUS Vanguard Total Intl Stock | 1.10% | 417,179 | $27.0M | Add +1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.09% | 57,975 | $26.7M | Add +3.0% |
| VOO Vanguard S&P 500 ETF | 0.98% | 45,161 | $23.9M | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.96% | 41,107 | $23.6M | Reduce -2.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.90% | 326,344 | $22.0M | Reduce -11.4% |
| SCHB Schwab US Broad Market ETF | 0.89% | 328,001 | $21.8M | Reduce -1.4% |
| IWR iShares Russell Mid-Cap ETF | 0.88% | 243,422 | $21.5M | Reduce -1.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.80% | 526,475 | $19.7M | Add +7.3% |
| VIG Vanguard Dividend Apprec ETF | 0.73% | 89,891 | $17.9M | Reduce -1.4% |
| GTO Invesco Total Return Bond Et | 0.70% | 352,822 | $17.0M | Reduce -9.2% |
| QUAL iShares MSCI USA Quality Fac | 0.68% | 93,120 | $16.7M | Add +0.8% |
| ILTB iShares Core 10+ Year Usd Bo | 0.68% | 313,288 | $16.7M | Add +33.6% |
| XLK SS Technology Select Sector | 0.68% | 73,868 | $16.7M | Reduce -0.9% |
| IVW iShares S&P 500 Growth ETF | 0.66% | 169,443 | $16.2M | Reduce -1.5% |
| SCHX Schwab US Large-Cap ETF | 0.62% | 223,340 | $15.2M | Reduce -2.0% |
| XMMO Invesco S&P Midcap Momentum | 0.61% | 123,985 | $14.9M | Add +0.8% |
| GOOGL Alphabet Inc. Class A | 0.60% | 87,950 | $14.6M | Add +0.5% |
| SPHQ Invesco S&P 500 Quality ETF | 0.58% | 211,867 | $14.3M | Add +3.2% |
| DGRW Wisdomtree U.S. Quality Divi | 0.58% | 170,671 | $14.2M | Add +1.5% |
| QQQM Invesco Nasdaq 100 ETF | 0.57% | 69,855 | $14.0M | Add +3.4% |
| SCHM Schwab US Mid Cap ETF | 0.57% | 166,623 | $13.8M | Reduce -3.9% |
| XSMO Invesco S&P Smallcap Momentu | 0.55% | 204,976 | $13.6M | Add +2.0% |
| VWO Vanguard Ftse Emerging Marke | 0.53% | 273,062 | $13.1M | Add +3.7% |
| JPIE JPMorgan Income ETF | 0.53% | 280,279 | $13.0M | Add +12.6% |
| NOW ServiceNow Inc. | 0.48% | 13,273 | $11.9M | Add +0.9% |
| BSV Vanguard Short-Term Bond ETF | 0.47% | 146,361 | $11.5M | Add +1.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.45% | 232,614 | $11.0M | Add +25.8% |
| SCHA Schwab US Small-Cap ETF | 0.44% | 210,306 | $10.8M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 0.43% | 11,874 | $10.5M | Reduce -2.5% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.39% | 206,758 | $9.6M | Reduce -0.8% |
| VEA Vanguard Ftse Developed ETF | 0.39% | 182,016 | $9.6M | Add +1.3% |
| COST Costco Wholesale Corp. | 0.39% | 10,678 | $9.5M | Add +0.5% |
| CWI State Street SPDR MSCI Acwi | 0.36% | 291,788 | $8.9M | Add +2.0% |
| MUB iShares National Muni Bond E | 0.36% | 80,202 | $8.7M | Add +28.5% |
| SCHF Schwab Intl Equity ETF | 0.35% | 207,715 | $8.5M | Reduce -4.0% |
| IVE iShares S&P 500 Value ETF | 0.35% | 43,121 | $8.5M | Add +2.0% |
| SCHZ Schwab US Aggregate Bond ETF | 0.34% | 177,526 | $8.4M | Add +3.2% |
| MMM 3M Co. | 0.34% | 61,703 | $8.4M | Reduce -1.7% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.34% | 170,500 | $8.4M | Add +2.2% |
| IYW iShares Ustechnology ETF | 0.34% | 55,516 | $8.4M | Reduce -5.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.34% | 29,217 | $8.3M | Reduce -3.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.32% | 94,030 | $7.8M | Reduce -2.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.32% | 72,530 | $7.8M | Reduce -2.1% |
| SCHR Schwab Intermediate-Term US | 0.32% | 153,379 | $7.8M | Add +9.7% |
| VHT Vanguard Health Care ETF | 0.31% | 26,946 | $7.6M | Reduce -23.1% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.31% | 28,392 | $7.6M | Add +1.2% |
| AOM iShares Core 40/60 Moderate | 0.31% | 168,102 | $7.6M | Add +67.0% |
| EFV iShares MSCI Eafe Value ETF | 0.31% | 130,595 | $7.5M | Add +70.0% |
| SGOL Abrdn Physical Gold Shares | 0.31% | 297,297 | $7.5M | Add +0.6% |
| IQLT iShares MSCI International Q | 0.30% | 177,952 | $7.4M | Add +1.9% |
| TLH iShares 10-20 Year Treasury | 0.30% | 67,298 | $7.4M | Add +11.5% |
| XEL Xcel Energy Inc. | 0.30% | 110,390 | $7.3M | Add +4.1% |
| JPM JPMorgan Chase & Co. | 0.29% | 34,143 | $7.2M | Reduce -0.2% |
| GLD SPDR Gold Shares | 0.26% | 26,478 | $6.4M | Add +8.1% |
| XSVM Invesco S&P Smallcap Value W | 0.26% | 114,254 | $6.3M | Add +0.8% |
| TGT Target Corp. | 0.24% | 38,268 | $6.0M | Reduce -0.7% |
| AVGO Broadcom Inc. | 0.24% | 34,465 | $5.9M | Reduce -91.8% |
| TSLA Tesla Inc. | 0.24% | 22,349 | $5.8M | Reduce -1.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.24% | 33,418 | $5.8M | Add +31.5% |
| PNR Pentair PLC | 0.24% | 59,409 | $5.8M | Add +0.0% |
| SDVY First Trust Smid Cap Rising | 0.24% | 158,894 | $5.8M | New |
| JNJ Johnson & Johnson | 0.23% | 35,135 | $5.7M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 0.22% | 9,521 | $5.4M | Add +2.7% |
| PFM Invesco Dividend Achievers E | 0.22% | 116,977 | $5.4M | Reduce -0.6% |
| RSP Invesco S&P 500 Equal Weight | 0.21% | 28,558 | $5.1M | Add +2.5% |
| XLV SS Health Care Select Sector | 0.21% | 33,061 | $5.1M | Reduce -7.5% |
| JPST JPMorgan Ultra-Short Income | 0.21% | 100,082 | $5.1M | Add +280.6% |
| XLE SS Energy Select Sector | 0.20% | 57,004 | $5.0M | Reduce -1.9% |
| IMTM iShares MSCI Intl Momentum F | 0.20% | 123,210 | $5.0M | New |
| USFR Wisdomtree Floating Rate Tre | 0.20% | 97,428 | $4.9M | Reduce -14.3% |
| ECL Ecolab Inc. | 0.20% | 18,722 | $4.8M | Reduce -0.3% |
| XLP SS Consumer Staples Sel Sect | 0.19% | 55,728 | $4.6M | Add +1.2% |
| XLY SS Consumer Disc Select Sect | 0.19% | 22,995 | $4.6M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.18% | 26,133 | $4.5M | Add +12.9% |
| JQUA JPMorgan US Quality Factor | 0.18% | 79,415 | $4.5M | Add +5.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.18% | 11,655 | $4.5M | Add +1.6% |
| DAL Delta Air Lines Inc. | 0.18% | 87,942 | $4.5M | Add +1.9% |
| PID Invesco International Divide | 0.18% | 225,077 | $4.5M | Reduce -0.7% |
| VGT Vanguard Info Tech ETF | 0.18% | 7,498 | $4.4M | Reduce -10.7% |
| HD Home Depot Inc. | 0.18% | 10,837 | $4.4M | Reduce -0.2% |
| CAT Caterpillar Inc. | 0.18% | 11,063 | $4.3M | Reduce -0.9% |
| SCHO Schwab Short-Term US Treas | 0.18% | 87,604 | $4.3M | Reduce -38.8% |
| VUSB Vanguard Ultra Short Bond Et | 0.17% | 85,368 | $4.3M | Add +0.1% |
| NVT Nvent Electric PLC | 0.17% | 60,546 | $4.3M | Add +0.0% |
Portfolio Sells Q2 2024 → Q3 2024
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -69.2% | 0.10% | −0.24 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.1% | 3.27% | −0.15 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -11.4% | 0.90% | −0.13 |
| AAPL Apple Inc. | Reduce -0.6% | 3.81% | −0.13 |
| SCHO Schwab Short-Term US Treas | Reduce -38.8% | 0.18% | −0.12 |
| VHT Vanguard Health Care ETF | Reduce -23.1% | 0.31% | −0.10 |
| GTO Invesco Total Return Bond Et | Reduce -9.2% | 0.70% | −0.09 |
| BLES Inspire Global Hope ETF | Sold out | 0.00% | −0.07 |
| JMST JPM Ultra-Short Muni Income | Reduce -35.0% | 0.11% | −0.07 |
| VT Vanguard Tot World STK ETF | Reduce -59.1% | 0.04% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -3.0% | 1.11% | −0.06 |
| SCHV Schwab US Large-Cap Value | Reduce -3.3% | 1.23% | −0.05 |
| VFH Vanguard Financials ETF | Reduce -24.1% | 0.14% | −0.05 |
| USFR Wisdomtree Floating Rate Tre | Reduce -14.3% | 0.20% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.9% | 0.96% | −0.04 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -66.3% | 0.02% | −0.04 |
| VNLA Janus Henderson Short Durati | Reduce -51.0% | 0.04% | −0.04 |
| BA The Boeing Co. | Reduce -16.4% | 0.08% | −0.04 |
| UNP Union Pacific Corp. | Reduce -43.9% | 0.05% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -2.5% | 0.43% | −0.04 |
| AVGO Broadcom Inc. | Reduce -91.8% | 0.24% | −0.04 |
| IOO iShares Global 100 ETF | Sold out | 0.00% | −0.03 |
| SCHM Schwab US Mid Cap ETF | Reduce -3.9% | 0.57% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -27.8% | 0.09% | −0.03 |
| FTEC Fidelity MSCI Info Tech Indx | Reduce -34.4% | 0.06% | −0.03 |
| XLK SS Technology Select Sector | Reduce -0.9% | 0.68% | −0.03 |
| FXL First Trust Technology Alpha | Sold out | 0.00% | −0.03 |
| IYW iShares Ustechnology ETF | Reduce -5.1% | 0.34% | −0.03 |
| VGT Vanguard Info Tech ETF | Reduce -10.7% | 0.18% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -1.8% | 0.98% | −0.03 |
| SCHB Schwab US Broad Market ETF | Reduce -1.4% | 0.89% | −0.03 |
| XLE SS Energy Select Sector | Reduce -1.9% | 0.20% | −0.03 |
| SCHA Schwab US Small-Cap ETF | Reduce -2.2% | 0.44% | −0.03 |
| ARKF ARK Blockchain & Fintech Inn | Sold out | 0.00% | −0.03 |
| COIN Coinbase Global Inc. Class A | Reduce -58.6% | 0.01% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 0.16% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 0.29% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.5% | 0.66% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.0% | 0.62% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -7.5% | 0.21% | −0.02 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −0.02 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -0.8% | 0.39% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.2% | 1.22% | −0.02 |
| INTC Intel Corp. | Reduce -35.7% | 0.01% | −0.02 |
| COP Conocophillips | Reduce -37.4% | 0.02% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.7% | 0.32% | −0.02 |
| F Ford Motor Co. | Reduce -0.9% | 0.04% | −0.02 |
| HON Honeywell International Inc. | Reduce -0.6% | 0.15% | −0.02 |
| SCHF Schwab Intl Equity ETF | Reduce -4.0% | 0.35% | −0.02 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| SDVY First Trust Smid Cap Rising | New | 0.24% | +0.24 |
| IMTM iShares MSCI Intl Momentum F | New | 0.20% | +0.20 |
| ILTB iShares Core 10+ Year Usd Bo | Add +33.6% | 0.68% | +0.17 |
| VGLT Vanguard Long-Term Treasury | New | 0.17% | +0.17 |
| NVDA Nvidia Corp. | Add +3.4% | 9.29% | +0.16 |
| JPST JPMorgan Ultra-Short Income | Add +280.6% | 0.21% | +0.15 |
| AOR iShares Core 60/40 Balanced | New | 0.15% | +0.15 |
| EFV iShares MSCI Eafe Value ETF | Add +70.0% | 0.31% | +0.13 |
| AOM iShares Core 40/60 Moderate | Add +67.0% | 0.31% | +0.12 |
| EMLP First Trust North American E | Add +1012.9% | 0.11% | +0.10 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +25.8% | 0.45% | +0.09 |
| GOVT iShares US Treasury Bond ETF | Add +116.1% | 0.14% | +0.08 |
| NOW ServiceNow Inc. | Add +0.9% | 0.48% | +0.07 |
| MUB iShares National Muni Bond E | Add +28.5% | 0.36% | +0.07 |
| GAA Cambria Global Asset Allocat | Add +70.1% | 0.15% | +0.06 |
| TLT iShares 20+ Year Treasury BD | Add +61.5% | 0.15% | +0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +31.5% | 0.24% | +0.06 |
| XEL Xcel Energy Inc. | Add +4.1% | 0.30% | +0.05 |
| JPIE JPMorgan Income ETF | Add +12.6% | 0.53% | +0.05 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +78.3% | 0.10% | +0.04 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +7.3% | 0.80% | +0.04 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +6.4% | 1.12% | +0.04 |
| META Meta Platforms Inc. Class A | Add +2.7% | 0.22% | +0.04 |
| STOT SS DL St Dur TR Tact ETF | Add +59.0% | 0.10% | +0.04 |
| TFLO iShares Treasury Floating Ra | Add +54.2% | 0.11% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +3.7% | 0.53% | +0.03 |
| SEPW Alianzim US Eq BFR20 Sep-Usd | New | 0.03% | +0.03 |
| TLH iShares 10-20 Year Treasury | Add +11.5% | 0.30% | +0.03 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +32.0% | 0.14% | +0.03 |
| PNR Pentair PLC | Add +0.0% | 0.24% | +0.03 |
| VDE Vanguard Energy ETF | New | 0.03% | +0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +24.2% | 0.16% | +0.03 |
| GLD SPDR Gold Shares | Add +8.1% | 0.26% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +2.6% | 3.54% | +0.03 |
| CARR Carrier Global Corp. | Add +220.5% | 0.03% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +2.9% | 2.03% | +0.02 |
| URA Global X Uranium ETF | New | 0.02% | +0.02 |
| SCHR Schwab Intermediate-Term US | Add +9.7% | 0.32% | +0.02 |
| COWZ Pacer US Cash Cows 100 ETF | Add +20.4% | 0.14% | +0.02 |
| JAAA Janus Henderson Aaa Clo ETF | Add +44.2% | 0.08% | +0.02 |
| GNMA iShares Gnma Bond ETF | Add +48.7% | 0.07% | +0.02 |
| DBP Invesco DB Precious Metals F | New | 0.02% | +0.02 |
| NMZ Nuveen Muni Hi Inc. Opport | New | 0.02% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.0% | 1.09% | +0.02 |
| BLV Vanguard Long-Term Bond ETF | Add +22.1% | 0.10% | +0.02 |
| GIS General Mills Inc. | Add +10.1% | 0.11% | +0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +12.3% | 0.09% | +0.02 |
| PG The Procter & Gamble Co. | Add +12.9% | 0.18% | +0.02 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +58.2% | 0.04% | +0.02 |
| FLQM Franklin U.S. Mid Cap Multif | New | 0.02% | +0.02 |
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 |