Focus Financial Network, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 14, 2026), Focus Financial Network, Inc. reported 729 stock positions worth $2.8 billion. Its top holding was Nvidia (NVDA) at 10.1% of the portfolio, followed by Schwab US Large-Cap Growth (SCHG, 4.9%) and Invesco QQQ Trust Series 1 (QQQ, 3.3%). Compared with Q4 2025, it opened 54 new positions, sold out of 50, added to 236 and reduced 401. The biggest buy was Fidelity Enhanced Small Cap (FESM, shares +1095%) and the biggest sale SS SPDR P S&P 600 Small Cap (SPSM, shares −75%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0002010942
- Portfolio Value
- $2.8B (Q1 2026)
- SEC Filing
- 0001754960-26-000242 ↗ filed Apr 14, 2026
Holdings Value
Holdings 729 stocks · $2.8B
| NVDA Nvidia Corp. | 10.14% | 1,622,094 | $282.9M | Reduce -0.4% |
| SCHG Schwab US Large-Cap Growth | 4.94% | 4,731,526 | $137.8M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 3.30% | 159,390 | $92.0M | Reduce -4.0% |
| AAPL Apple Inc. | 3.09% | 339,314 | $86.1M | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 2.65% | 112,961 | $73.8M | Add +6.2% |
| AMZN Amazon.com Inc. | 2.29% | 306,884 | $63.9M | Reduce -0.8% |
| SCHD Schwab US DVD Equity ETF | 2.18% | 1,983,174 | $60.8M | Reduce -9.2% |
| AGG iShares Core U.S. Aggregate | 2.17% | 608,432 | $60.4M | Add +3.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.95% | 277,178 | $54.4M | Add +19.9% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.36% | 776,400 | $38.0M | Add +18.1% |
| IEF iShares 7-10 Year Treasury B | 1.31% | 383,634 | $36.6M | Add +3.6% |
| QLD Proshares Ultra QQQ | 1.31% | 599,468 | $36.6M | Add +0.0% |
| VXUS Vanguard Total Intl Stock | 1.29% | 468,336 | $36.1M | Reduce -0.6% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.27% | 343,103 | $35.5M | Add +4.1% |
| VYM Vanguard High DVD Yield ETF | 1.27% | 239,077 | $35.4M | Add +2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.03% | 59,767 | $28.6M | Reduce -10.4% |
| GOOGL Alphabet Inc. Class A | 1.03% | 99,434 | $28.6M | Reduce -7.9% |
| FESM Fidelity Enhanced Small Cap | 0.99% | 727,780 | $27.7M | Add +1095.1% |
| VEA Vanguard Ftse Developed ETF | 0.97% | 423,017 | $27.1M | Add +4.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 38,873 | $25.3M | Reduce -27.8% |
| VIG Vanguard Dividend Apprec ETF | 0.84% | 109,276 | $23.5M | Add +3.3% |
| MSFT Microsoft Corp. | 0.83% | 62,326 | $23.1M | Reduce -6.5% |
| IWR iShares Russell Mid-Cap ETF | 0.77% | 221,855 | $21.6M | Reduce -1.6% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.74% | 391,859 | $20.7M | New |
| SCHV Schwab US Large-Cap Value | 0.70% | 636,842 | $19.4M | Reduce -10.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.66% | 234,802 | $18.5M | Add +1.9% |
| SPHQ Invesco S&P 500 Quality ETF | 0.65% | 240,986 | $18.1M | Add +0.6% |
| XLK SS Technology Select Sector | 0.65% | 136,016 | $18.1M | Reduce -5.6% |
| XMMO Invesco S&P Midcap Momentum | 0.64% | 123,954 | $18.0M | Add +3.7% |
| SCHB Schwab US Broad Market ETF | 0.63% | 699,691 | $17.6M | Add +5.7% |
| VWO Vanguard Ftse Emerging Marke | 0.63% | 323,729 | $17.5M | Add +1.6% |
| XSMO Invesco S&P Smallcap Momentu | 0.61% | 222,013 | $16.9M | Add +5.6% |
| IVW iShares S&P 500 Growth ETF | 0.60% | 147,235 | $16.7M | Reduce -10.6% |
| SDVY First Trust Smid Cap Rising | 0.59% | 415,114 | $16.4M | Add +4.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.58% | 213,084 | $16.3M | Reduce -14.3% |
| SGOL Abrdn Physical Gold Shares | 0.57% | 358,416 | $16.0M | Add +0.1% |
| SCHX Schwab US Large-Cap ETF | 0.56% | 613,359 | $15.7M | Reduce -4.5% |
| DGRW Wisdomtree U.S. Quality Divi | 0.56% | 177,659 | $15.6M | Add +1.1% |
| SCHM Schwab US Mid Cap ETF | 0.54% | 485,586 | $15.0M | Add +13.7% |
| QUAL iShares MSCI USA Quality Fac | 0.54% | 77,824 | $14.9M | Reduce -29.2% |
| QQQM Invesco Nasdaq 100 ETF | 0.51% | 59,805 | $14.2M | Reduce -21.6% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.51% | 46,866 | $14.2M | Add +2.3% |
| GLD SPDR Gold Shares | 0.46% | 30,094 | $12.9M | Reduce -10.2% |
| GTO Invesco Total Return Bond Et | 0.46% | 272,616 | $12.8M | Reduce -11.9% |
| IMTM iShares MSCI Intl Momentum F | 0.45% | 259,419 | $12.5M | Add +4.1% |
| ILTB iShares Core 10+ Year Usd Bo | 0.45% | 254,176 | $12.4M | Add +4.7% |
| SCHF Schwab Intl Equity ETF | 0.44% | 492,472 | $12.2M | Add +3.0% |
| SCHA Schwab US Small-Cap ETF | 0.43% | 414,071 | $12.0M | Reduce -3.2% |
| IQLT iShares MSCI International Q | 0.42% | 250,607 | $11.6M | Add +24.8% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.41% | 194,808 | $11.3M | Add +5.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 33,490 | $10.7M | Add +4.5% |
| BSV Vanguard Short-Term Bond ETF | 0.38% | 135,672 | $10.6M | Reduce -17.5% |
| COST Costco Wholesale Corp. | 0.37% | 10,263 | $10.2M | Reduce -5.3% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.36% | 217,019 | $10.0M | Add +33.0% |
| SNDK Sandisk Corp. | 0.35% | 15,293 | $9.7M | New |
| VHT Vanguard Health Care ETF | 0.34% | 35,264 | $9.6M | Reduce -6.5% |
| UNH Unitedhealth Group Inc. | 0.33% | 34,514 | $9.3M | Reduce -8.6% |
| JPM JPMorgan Chase & Co. | 0.33% | 31,737 | $9.3M | Reduce -3.5% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.33% | 189,103 | $9.1M | Reduce -74.7% |
| RDVY First Trust Rising Dividend | 0.32% | 131,214 | $9.0M | Add +1.5% |
| SCHP Schwab U.S. Tips ETF | 0.32% | 336,215 | $8.9M | Add +3.6% |
| NVT Nvent Electric PLC | 0.31% | 73,475 | $8.7M | Reduce -1.0% |
| VOO Vanguard S&P 500 ETF | 0.30% | 13,858 | $8.3M | Add +15.0% |
| IVE iShares S&P 500 Value ETF | 0.29% | 38,795 | $8.2M | Reduce -36.8% |
| EFV iShares MSCI Eafe Value ETF | 0.29% | 108,927 | $8.1M | Reduce -38.3% |
| MMM 3M Co. | 0.28% | 53,258 | $7.7M | Reduce -8.7% |
| MUB iShares National Muni Bond E | 0.27% | 71,502 | $7.6M | Add +12.9% |
| SCHO Schwab Short-Term US Treas | 0.26% | 297,217 | $7.2M | Reduce -6.8% |
| CAT Caterpillar Inc. | 0.25% | 9,883 | $7.0M | Reduce -6.1% |
| CORO Ish Intl CTRY Rot Act ETF | 0.25% | 212,758 | $6.8M | New |
| JNJ Johnson & Johnson | 0.24% | 27,938 | $6.8M | Reduce -9.6% |
| JQUA JPMorgan US Quality Factor | 0.24% | 110,668 | $6.8M | Add +0.7% |
| AVGO Broadcom Inc. | 0.23% | 20,882 | $6.5M | Reduce -12.2% |
| XEL Xcel Energy Inc. | 0.23% | 80,298 | $6.4M | Reduce -13.6% |
| DAL Delta Air Lines Inc. | 0.23% | 95,575 | $6.4M | Add +0.1% |
| LLY Eli Lilly & Co. | 0.23% | 6,892 | $6.3M | Reduce -5.0% |
| PNR Pentair PLC | 0.23% | 72,640 | $6.3M | Add +0.0% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.23% | 121,689 | $6.3M | Add +47.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.22% | 75,444 | $6.2M | Reduce -22.0% |
| TSLA Tesla Inc. | 0.21% | 16,124 | $6.0M | Reduce -5.8% |
| RSP Invesco S&P 500 Equal Weight | 0.21% | 30,757 | $5.9M | Reduce -3.3% |
| XLE SS Energy Select Sector | 0.21% | 94,793 | $5.8M | Reduce -0.5% |
| PFM Invesco Dividend Achievers E | 0.21% | 113,274 | $5.8M | Reduce -0.2% |
| JPIE JPMorgan Income ETF | 0.20% | 123,906 | $5.7M | Add +8.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.20% | 12,904 | $5.6M | Add +8.3% |
| META Meta Platforms Inc. Class A | 0.20% | 9,803 | $5.6M | Reduce -1.9% |
| EMLP First Trust North American E | 0.20% | 128,024 | $5.6M | Add +6.6% |
| AOM iShares Core 40/60 Moderate | 0.20% | 115,867 | $5.5M | Add +17.0% |
| AIRR First Trust Rba American Ind | 0.19% | 46,987 | $5.2M | Add +4.1% |
| BND Vanguard Total Bond Market | 0.18% | 69,922 | $5.1M | Add +0.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.18% | 220,913 | $5.1M | Reduce -44.6% |
| VRT Vertiv Holdings Co. Class A | 0.18% | 20,282 | $5.1M | Add +15.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 17,519 | $5.0M | Add +17.9% |
| IONQ Ionq Inc. | 0.18% | 174,332 | $5.0M | Add +1.5% |
| VGLT Vanguard Long-Term Treasury | 0.18% | 90,115 | $5.0M | Add +8.4% |
| IEMG iShares Core MSCI Emerging | 0.18% | 71,404 | $5.0M | Reduce -38.1% |
| VGT Vanguard Info Tech ETF | 0.18% | 7,119 | $5.0M | Reduce -9.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.18% | 14,619 | $5.0M | Add +131.8% |
| WMT Walmart Inc. | 0.18% | 39,776 | $5.0M | Reduce -3.6% |
| BBJP JPMorgan Betabuilders Japan | 0.17% | 70,246 | $4.8M | Add +8.2% |
Portfolio Sells Q4 2025 → Q1 2026
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -74.7% | 0.33% | −0.89 |
| SCHG Schwab US Large-Cap Growth | Reduce -0.6% | 4.94% | −0.47 |
| NVDA Nvidia Corp. | Reduce -0.4% | 10.14% | −0.43 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -27.8% | 0.91% | −0.37 |
| MSFT Microsoft Corp. | Reduce -6.5% | 0.83% | −0.30 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.0% | 3.30% | −0.25 |
| QUAL iShares MSCI USA Quality Fac | Reduce -29.2% | 0.54% | −0.22 |
| AMZN Amazon.com Inc. | Reduce -0.8% | 2.29% | −0.20 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -21.6% | 0.51% | −0.16 |
| IVE iShares S&P 500 Value ETF | Reduce -36.8% | 0.29% | −0.16 |
| AAPL Apple Inc. | Reduce -1.0% | 3.09% | −0.16 |
| GOOGL Alphabet Inc. Class A | Reduce -7.9% | 1.03% | −0.15 |
| EFV iShares MSCI Eafe Value ETF | Reduce -38.3% | 0.29% | −0.15 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -68.0% | 0.07% | −0.15 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -44.6% | 0.18% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -10.4% | 1.03% | −0.14 |
| IYW iShares Ustechnology ETF | Reduce -43.0% | 0.16% | −0.14 |
| NOW ServiceNow Inc. | Reduce -25.4% | 0.15% | −0.14 |
| PLTR Palantir Technologies Inc. Class A | Reduce -52.7% | 0.09% | −0.13 |
| IVW iShares S&P 500 Growth ETF | Reduce -10.6% | 0.60% | −0.11 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -14.3% | 0.58% | −0.11 |
| UNH Unitedhealth Group Inc. | Reduce -8.6% | 0.33% | −0.10 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Reduce -50.3% | 0.10% | −0.10 |
| SMCI Super Micro Computer Inc. | Reduce -84.4% | 0.01% | −0.10 |
| QUBT Quantum Computing Inc. | Reduce -53.1% | 0.04% | −0.09 |
| IEMG iShares Core MSCI Emerging | Reduce -38.1% | 0.18% | −0.09 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -65.2% | 0.05% | −0.09 |
| XLK SS Technology Select Sector | Reduce -5.6% | 0.65% | −0.07 |
| BSV Vanguard Short-Term Bond ETF | Reduce -17.5% | 0.38% | −0.07 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -31.1% | 0.11% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -22.0% | 0.22% | −0.06 |
| AVGO Broadcom Inc. | Reduce -12.2% | 0.23% | −0.05 |
| GTO Invesco Total Return Bond Et | Reduce -11.9% | 0.46% | −0.05 |
| TSLA Tesla Inc. | Reduce -5.8% | 0.21% | −0.05 |
| STOT SS DL St Dur TR Tact ETF | Reduce -52.2% | 0.05% | −0.05 |
| TFLO iShares Treasury Floating Ra | Reduce -48.0% | 0.06% | −0.05 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -23.1% | 0.14% | −0.05 |
| IOO iShares Global 100 ETF | Reduce -32.2% | 0.10% | −0.05 |
| BIV Vanguard Intermediate-Term B | Sold out | 0.00% | −0.05 |
| RDDT Reddit Inc. Class A | Reduce -9.6% | 0.06% | −0.05 |
| MMM 3M Co. | Reduce -8.7% | 0.28% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -5.0% | 0.23% | −0.04 |
| SCHV Schwab US Large-Cap Value | Reduce -10.9% | 0.70% | −0.04 |
| IAGG iShares Intl Aggregate Bond | Reduce -46.2% | 0.05% | −0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -27.1% | 0.12% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -4.5% | 0.56% | −0.04 |
| BSX Boston Scientific Corp. | Reduce -9.5% | 0.06% | −0.04 |
| XLY SS Consumer Disc Select Sect | Reduce -26.3% | 0.08% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -3.5% | 0.33% | −0.03 |
| GLDM SPDR Gold Minishares Trust | Reduce -45.7% | 0.05% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| FESM Fidelity Enhanced Small Cap | Add +1095.1% | 0.99% | +0.91 |
| AKRE Akre Focus ETF | New | 0.74% | +0.74 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +19.9% | 1.95% | +0.41 |
| SNDK Sandisk Corp. | New | 0.35% | +0.35 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +18.1% | 1.36% | +0.33 |
| CORO Ish Intl CTRY Rot Act ETF | New | 0.25% | +0.25 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.17% | +0.17 |
| FTMN FR Minnesota Muni Inc. ETF | New | 0.17% | +0.17 |
| AGG iShares Core U.S. Aggregate | Add +3.8% | 2.17% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | Add +131.8% | 0.18% | +0.11 |
| AVEM Avantis Emerging Markets Eq | New | 0.11% | +0.11 |
| IVV iShares Core S&P 500 ETF | Add +6.2% | 2.65% | +0.11 |
| VYM Vanguard High DVD Yield ETF | Add +2.9% | 1.27% | +0.11 |
| BAI Ishrs AI in and Tech Act ETF | Add +151.2% | 0.16% | +0.10 |
| IQLT iShares MSCI International Q | Add +24.8% | 0.42% | +0.10 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +4.1% | 1.27% | +0.10 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +33.0% | 0.36% | +0.10 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +356.2% | 0.12% | +0.09 |
| EVTR Eaton Vance Total Return | Add +343.5% | 0.12% | +0.09 |
| SCHM Schwab US Mid Cap ETF | Add +13.7% | 0.54% | +0.09 |
| VEA Vanguard Ftse Developed ETF | Add +4.5% | 0.97% | +0.09 |
| SHLD Global X Defense Tech ETF | Add +418.4% | 0.11% | +0.09 |
| VRT Vertiv Holdings Co. Class A | Add +15.8% | 0.18% | +0.08 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +1.9% | 0.66% | +0.08 |
| XSMO Invesco S&P Smallcap Momentu | Add +5.6% | 0.61% | +0.08 |
| BLCR iShares LRG CP CR Act ETF-Ui | New | 0.08% | +0.08 |
| AVUV Avantis US Small Cap Value | New | 0.08% | +0.08 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +47.8% | 0.23% | +0.08 |
| IEF iShares 7-10 Year Treasury B | Add +3.6% | 1.31% | +0.07 |
| XMMO Invesco S&P Midcap Momentum | Add +3.7% | 0.64% | +0.07 |
| CGDV Cap Group Dividend Value | Add +61.6% | 0.17% | +0.07 |
| DFIV Dimensional International Va | New | 0.06% | +0.06 |
| SGOL Abrdn Physical Gold Shares | Add +0.1% | 0.57% | +0.06 |
| PVAL Putnam Focused LRG Cap Value | New | 0.06% | +0.06 |
| SDVY First Trust Smid Cap Rising | Add +4.9% | 0.59% | +0.06 |
| TLH iShares 10-20 Year Treasury | Add +220.9% | 0.08% | +0.06 |
| BNDX Vanguard Total Intl Bond ETF | Add +283.3% | 0.07% | +0.05 |
| EMLP First Trust North American E | Add +6.6% | 0.20% | +0.04 |
| FEGE First Eagle GL Equity ETF | Add +84.8% | 0.08% | +0.04 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +47.5% | 0.10% | +0.04 |
| SCHF Schwab Intl Equity ETF | Add +3.0% | 0.44% | +0.04 |
| AMD Advanced Micro Devices | Add +76.4% | 0.09% | +0.04 |
| FENI Fidelity Enhanced Intl ETF | New | 0.04% | +0.04 |
| THRO iShares U.S. Thematic Rotati | Add +30.9% | 0.17% | +0.04 |
| MUB iShares National Muni Bond E | Add +12.9% | 0.27% | +0.04 |
| VIS Vanguard Industrials ETF | Add +448.8% | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +15.0% | 0.30% | +0.03 |
| NEAR iShares SH Dba ETF Usd Inc. | Add +36.0% | 0.12% | +0.03 |
| VIG Vanguard Dividend Apprec ETF | Add +3.3% | 0.84% | +0.03 |
| AOM iShares Core 40/60 Moderate | Add +17.0% | 0.20% | +0.03 |
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 |