Focused Alpha, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Focused Alpha, LLC reported 247 stock positions worth $323.7 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 4.6% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 4.0%) and Microsoft (MSFT, 3.6%). Compared with Q4 2025, it opened 30 new positions, sold out of 26, added to 123 and reduced 83. The biggest buy was Fed Hermes TTL RTRN BND (FTRB, shares +3040%) and the biggest sale Goldman Sachs Ultra Short Bo (GSST, shares −93%).

Most Recent 13F
Q2 2026
Location
DENVER, CO
CIK
0002105062
Portfolio Value
$323.7M (Q1 2026)
SEC Filing
0001104659-26-059190 ↗ filed May 12, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q4 2025: $340.3M Q4 2025 Q1 2026: $323.7M $323.7M Q1 2026 Q2 2026: $390.1M Q2 2026

Holdings 247 stocks · $323.7M
VTI VG Morningstar TS MKT ETF-US 4.60% 46,370 $14.9M Add +6.0%
IVV iShares Core S&P 500 ETF 3.95% 19,588 $12.8M Reduce -7.6%
MSFT Microsoft Corp. 3.63% 31,741 $11.7M Reduce -9.6%
GOOGL Alphabet Inc. Class A 3.12% 35,117 $10.1M Reduce -11.7%
FTRB Fed Hermes TTL RTRN BND 2.46% 316,932 $8.0M Add +3040.4%
VTV Vanguard Mrngstr Val ETF-Aui 2.41% 39,763 $7.8M Reduce -0.2%
AMZN Amazon.com Inc. 2.39% 37,118 $7.7M Reduce -4.4%
AAPL Apple Inc. 2.36% 30,072 $7.6M Reduce -6.1%
FDV Fed Hermes US Strat Div ETF 2.12% 222,337 $6.8M Add +77.7%
BRK.B Berkshire Hathaway Inc. Class B 2.09% 14,102 $6.8M Reduce -6.3%
SEPI Shelton Eqty Premium Inc. ETF 2.03% 262,364 $6.6M Add +90.5%
GPIX GLDM SA S&P 500 PR in ETF-US 1.78% 114,958 $5.8M Add +120.5%
SYFI AB SHRT Duration HGH YLD ETF filed as AB ACTIVE ETFS INC 1.74% 158,612 $5.6M No change
UCON First Trust Smith Unconstrai 1.63% 213,195 $5.3M Add +47.7%
FEGE First Eagle GL Equity ETF 1.61% 110,702 $5.2M Reduce -7.1%
PULS Pgim Ultra Short Bond ETF 1.61% 105,069 $5.2M Reduce -38.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.54% 7,684 $5.0M Reduce -10.1%
PCHI Polen High Income ETF 1.51% 200,000 $4.9M No change
MA Mastercard Inc. Class A 1.40% 9,097 $4.5M Reduce -16.5%
JPM JPMorgan Chase & Co. 1.39% 15,304 $4.5M Reduce -18.3%
NVDA Nvidia Corp. 1.36% 25,183 $4.4M Reduce -29.5%
SCHD Schwab US DVD Equity ETF 1.33% 139,839 $4.3M Add +5.5%
JGRO JPMorgan Active Growth ETF 1.32% 50,385 $4.3M Reduce -19.1%
DGRO iShares Core Dividend Growth 1.20% 55,424 $3.9M Add +4.0%
SMOT Vaneck Morningstar Smid Moat 1.15% 105,350 $3.7M No change
GOOG Alphabet Inc. Class C 0.96% 10,867 $3.1M Reduce -5.2%
VYM Vanguard High DVD Yield ETF 0.92% 20,090 $3.0M Add +5.7%
CCOR Core Alternative ETF 0.91% 112,983 $2.9M No change
V Visa Inc. Class A 0.89% 9,576 $2.9M Reduce -3.7%
COST Costco Wholesale Corp. 0.89% 2,889 $2.9M Reduce -2.2%
VIG Vanguard Dividend Apprec ETF 0.86% 12,874 $2.8M Add +2.7%
C Citigroup Inc. 0.81% 23,109 $2.6M Add +177.7%
PREF Pri Spe Pre Sec Acti-Usd Inc. 0.81% 138,592 $2.6M No change
SCHG Schwab US Large-Cap Growth 0.73% 80,938 $2.4M Add +2.4%
AVGO Broadcom Inc. 0.70% 7,278 $2.3M Reduce -37.9%
EMLP First Trust North American E 0.68% 50,571 $2.2M No change
IVE iShares S&P 500 Value ETF 0.67% 10,310 $2.2M Add +3.3%
BRK.A Berkshire Hathaway Inc. Class A 0.67% 3 $2.2M No change
IVW iShares S&P 500 Growth ETF 0.61% 17,563 $2.0M Reduce -5.2%
RSP Invesco S&P 500 Equal Weight 0.58% 9,749 $1.9M Add +0.4%
META Meta Platforms Inc. Class A 0.55% 3,104 $1.8M Add +209.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.52% 3,823 $1.7M Reduce -4.8%
CVS CVS Health Corp. 0.49% 22,049 $1.6M Add +250.0%
GE General Electric filed as GE AEROSPACE 0.49% 5,539 $1.6M Add +45.3%
TSM Taiwan Semiconductor-SP ADR 0.45% 4,319 $1.5M Add +3.5%
IEFA iShares Core MSCI Eafe ETF 0.44% 15,726 $1.4M Reduce -15.0%
CORT Corcept Therapeutics Inc. 0.40% 32,421 $1.3M New
QQQ Invesco QQQ Trust Series 1 0.39% 2,193 $1.3M Add +0.6%
GILD Gilead Sciences Inc. 0.39% 8,960 $1.2M Add +0.2%
RTX RTX Corp. 0.37% 6,238 $1.2M Reduce -1.1%
IWM iShares Russell 2000 ETF 0.36% 4,725 $1.2M Add +403.2%
BIO Bio-Rad Laboratories-A 0.36% 4,202 $1.2M Reduce -0.0%
NFG National Fuel Gas Co. 0.36% 12,450 $1.2M Add +168.3%
GEV GE Vernova Inc. 0.36% 1,334 $1.2M Add +173.4%
GLW Corning Inc. 0.35% 8,450 $1.1M Reduce -36.6%
AMGN Amgen Inc. 0.35% 3,259 $1.1M Add +57.0%
WMT Walmart Inc. 0.35% 9,114 $1.1M Reduce -0.6%
GS Goldman Sachs Group Inc. 0.34% 1,319 $1.1M Reduce -3.6%
CVX Chevron Corp. 0.34% 5,292 $1.1M Reduce -0.3%
TQQQ Proshares Ultrapro QQQ 0.33% 25,935 $1.1M Add +9.5%
QDPL Pacer Met US LRG Cap DVD 400 0.33% 26,699 $1.1M Reduce -1.4%
CAT Caterpillar Inc. 0.33% 1,493 $1.1M Add +46.5%
BX Blackstone Inc. 0.32% 8,930 $1.0M Reduce -12.3%
INTC Intel Corp. 0.32% 23,200 $1.0M Reduce -13.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.31% 4,167 $1.0M Reduce -3.6%
TSLA Tesla Inc. 0.30% 2,647 $984K Reduce -73.0%
IBHH iShares Ibonds 2028 TM HY Inc. 0.30% 41,498 $974K Add +3.3%
SLV iShares Silver Trust 0.30% 14,070 $959K Add +2.8%
MMM 3M Co. 0.29% 6,452 $937K Add +3.1%
IBHG iShares Ibonds 2027 HY Inc. 0.28% 41,617 $921K Add +3.7%
IBHI iShares Ibonds 2029 TM HY Inc. 0.28% 38,915 $906K Add +3.8%
IBHF iShares Ibond 2026 HY & Inc. 0.28% 39,438 $905K Add +8.4%
SPHQ Invesco S&P 500 Quality ETF 0.27% 11,802 $887K Reduce -13.4%
MS Morgan Stanley 0.27% 5,387 $887K Add +2.5%
GLDM SPDR Gold Minishares Trust 0.27% 9,496 $880K Reduce -5.4%
XYLD Global X S&P 500 Cove Call E 0.27% 22,143 $866K New
NEM Newmont Corp. 0.27% 7,965 $862K Add +27.1%
VOO Vanguard S&P 500 ETF 0.27% 1,438 $859K Add +26.4%
ETX Eaton Vance Muni Inc. 2028 TM 0.26% 46,417 $852K Add +13.7%
CLOA iShares Aaa Clo Act ETF-Usdi 0.26% 16,404 $850K Add +14.9%
JAAA Janus Henderson Aaa Clo ETF 0.26% 16,723 $842K Add +15.1%
XOM Exxon Mobil Corp. 0.26% 4,961 $842K Add +180.9%
IBDT iShares Ibonds Dec 2028 ETF 0.26% 32,865 $832K Add +1.1%
CSCO Cisco Systems Inc. 0.26% 10,678 $829K Reduce -0.7%
IBDS Ishrs Ibnds Dec 27 Corp. ETF 0.26% 34,120 $827K Add +1.4%
QQQM Invesco Nasdaq 100 ETF 0.25% 3,423 $813K Reduce -3.9%
NAD Nuveen Quality Municipal Inc. 0.25% 70,519 $811K Add +39.2%
IBDR iShares Ibonds Dec 2026 Term 0.25% 32,796 $795K Reduce -9.7%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.24% 2,732 $785K Add +18.1%
DGRW Wisdomtree U.S. Quality Divi 0.24% 8,737 $767K Add +0.3%
CGNX Cognex Corp. 0.23% 15,469 $758K New
IWR iShares Russell Mid-Cap ETF 0.23% 7,713 $750K Add +0.1%
MRK Merck & Co. Inc. 0.23% 6,169 $742K Add +35.0%
TXN Texas Instruments Inc. 0.23% 3,767 $731K Add +0.5%
VLO Valero Energy Corp. 0.22% 2,944 $727K Reduce -3.3%
ATO Atmos Energy Corp. 0.22% 3,867 $714K Reduce -2.4%
LLY Eli Lilly & Co. 0.22% 775 $713K Add +15.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.22% 5,970 $708K Reduce -0.1%
IBDX iShares Ibonds Dec 2032 TC 0.22% 27,653 $699K Add +1.7%
SHEL Shell PLC-ADR 0.21% 7,436 $692K Add +0.0%

Show all 247 holdings

Portfolio Sells Q4 2025 → Q1 2026
GSST Goldman Sachs Ultra Short Bo Reduce -93.3% 0.16% −2.06
MSFT Microsoft Corp. Reduce -9.6% 3.63% −1.36
TSLA Tesla Inc. Reduce -73.0% 0.30% −0.99
PULS Pgim Ultra Short Bond ETF Reduce -38.8% 1.61% −0.89
WFC Wells Fargo & Co. Reduce -90.5% 0.07% −0.74
NVDA Nvidia Corp. Reduce -29.5% 1.36% −0.60
BAC Bank of America Corp. Reduce -71.4% 0.20% −0.54
GOOGL Alphabet Inc. Class A Reduce -11.7% 3.12% −0.54
AVGO Broadcom Inc. Reduce -37.9% 0.70% −0.50
MA Mastercard Inc. Class A Reduce -16.5% 1.40% −0.42
JGRO JPMorgan Active Growth ETF Reduce -19.1% 1.32% −0.38
JPM JPMorgan Chase & Co. Reduce -18.3% 1.39% −0.38
IAU iShares Gold Trust Sold out 0.00% −0.37
AMD Advanced Micro Devices Sold out 0.00% −0.37
PLTR Palantir Technologies Inc. Class A Reduce -80.3% 0.07% −0.36
NRG NRG Energy Inc. Sold out 0.00% −0.33
IVV iShares Core S&P 500 ETF Reduce -7.6% 3.95% −0.31
ATEC Alphatec Holdings Inc. Sold out 0.00% −0.25
AMZN Amazon.com Inc. Reduce -4.4% 2.39% −0.24
SNOW Snowflake Inc. Sold out 0.00% −0.22
CELC Celcuity Inc. Reduce -71.7% 0.11% −0.21
MAMA Mama's Creations Inc. Sold out 0.00% −0.21
COF Capital One Financial Corp. Reduce -41.6% 0.18% −0.21
CLIP Global X 1-3 Month T-Bill Reduce -69.8% 0.09% −0.20
AAPL Apple Inc. Reduce -6.1% 2.36% −0.20
TPL Texas Pacific Land Corp. Sold out 0.00% −0.19
GHM Graham Corp. Sold out 0.00% −0.18
WLDN Willdan Group Inc. Sold out 0.00% −0.18
NET Cloudflare Inc. Class A Sold out 0.00% −0.18
AXP American Express Co. Sold out 0.00% −0.17
AIOT Powerfleet Inc. Sold out 0.00% −0.17
SPY SS SPDR S&P 500 ETF Trust-US Reduce -10.1% 1.54% −0.17
RSI Rush Street Interactive Inc. Sold out 0.00% −0.17
FSLR First Solar Inc. Sold out 0.00% −0.16
APH Amphenol Corp. Class A Sold out 0.00% −0.16
BX Blackstone Inc. Reduce -12.3% 0.32% −0.14
DUK Duke Energy Corp. Sold out 0.00% −0.14
UNH Unitedhealth Group Inc. Sold out 0.00% −0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -6.3% 2.09% −0.14
V Visa Inc. Class A Reduce -3.7% 0.89% −0.13
NJNK Columbia US High Yield ETF Reduce -50.6% 0.11% −0.11
WBD Warner Bros Discovery Inc. Reduce -53.1% 0.09% −0.11
MU Micron Technology Inc. Reduce -55.8% 0.13% −0.11
GOOG Alphabet Inc. Class C Reduce -5.2% 0.96% −0.09
SPDW Ste STR SPDR PT DW Eu ETF Sold out 0.00% −0.09
LRCX Lam Research Corp. Reduce -60.1% 0.10% −0.09
IYZ iShares US Telecommunication Sold out 0.00% −0.08
WDC Western Digital Corp. Reduce -67.9% 0.09% −0.08
IDU iShares US Utilities ETF Sold out 0.00% −0.08
IYW iShares Ustechnology ETF Sold out 0.00% −0.08

Portfolio Buys Q4 2025 → Q1 2026
FTRB Fed Hermes TTL RTRN BND Add +3040.4% 2.46% +2.39
FDV Fed Hermes US Strat Div ETF Add +77.7% 2.12% +1.06
GPIX GLDM SA S&P 500 PR in ETF-US Add +120.5% 1.78% +0.97
SEPI Shelton Eqty Premium Inc. ETF Add +90.5% 2.03% +0.97
UCON First Trust Smith Unconstrai Add +47.7% 1.63% +0.56
C Citigroup Inc. Add +177.7% 0.81% +0.52
CORT Corcept Therapeutics Inc. New 0.40% +0.40
META Meta Platforms Inc. Class A Add +209.2% 0.55% +0.35
CVS CVS Health Corp. Add +250.0% 0.49% +0.34
IWM iShares Russell 2000 ETF Add +403.2% 0.36% +0.29
VTI VG Morningstar TS MKT ETF-US Add +6.0% 4.60% +0.29
XYLD Global X S&P 500 Cove Call E New 0.27% +0.27
GEV GE Vernova Inc. Add +173.4% 0.36% +0.27
SCHD Schwab US DVD Equity ETF Add +5.5% 1.33% +0.26
NFG National Fuel Gas Co. Add +168.3% 0.36% +0.25
CGNX Cognex Corp. New 0.23% +0.23
ORLY O'reilly Automotive Inc. New 0.21% +0.21
XOM Exxon Mobil Corp. Add +180.9% 0.26% +0.20
LMT Lockheed Martin Corp. New 0.19% +0.19
ASTS Ast Spacemobile Inc. New 0.17% +0.17
TGT Target Corp. New 0.16% +0.16
BMY Bristol-Myers Squibb Co. New 0.16% +0.16
CAT Caterpillar Inc. Add +46.5% 0.33% +0.16
AMGN Amgen Inc. Add +57.0% 0.35% +0.15
PDBC Invesco Optimum Yield Divers New 0.14% +0.14
GE General Electric Add +45.3% 0.49% +0.14
URTH iShares MSCI World ETF New 0.13% +0.13
FDX FedEx Corp. New 0.13% +0.13
EQNR Equinor ASA-Spon ADR New 0.13% +0.13
COHR Coherent Corp. New 0.12% +0.12
VYM Vanguard High DVD Yield ETF Add +5.7% 0.92% +0.12
AMAT Applied Materials Inc. New 0.12% +0.12
DGRO iShares Core Dividend Growth Add +4.0% 1.20% +0.12
PKE Park Aerospace Corp. New 0.11% +0.11
TMO Thermo Fisher Scientific Inc. New 0.11% +0.11
GRMN Garmin Ltd. New 0.10% +0.10
ARLO Arlo Technologies Inc. New 0.10% +0.10
ALB Albemarle Corp. New 0.09% +0.09
HSBC HSBC Holdings PLC-Spons ADR New 0.09% +0.09
VTWO Vanguard Russell 2000 ETF New 0.09% +0.09
MRNA Moderna Inc. New 0.09% +0.09
IBDW iShares Ibonds Dec 2031 Corp. New 0.09% +0.09
MRK Merck & Co. Inc. Add +35.0% 0.23% +0.09
VTWV Vanguard Russell 2000 Value New 0.09% +0.09
RMBS Rambus Inc. New 0.09% +0.09
NEM Newmont Corp. Add +27.1% 0.27% +0.08
APLD Applied Digital Corp. New 0.08% +0.08
CNI Canadian Natl Railway Co. New 0.08% +0.08
TSM Taiwan Semiconductor-SP ADR Add +3.5% 0.45% +0.08
IBHJ Ishrs Ibds 2030 HY & Inc. ETF Add +57.8% 0.19% +0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 264$390.1MIVV, VTI, MSFT, GOOGL, SYFI
Q1 2026 247$323.7MVTI, IVV, MSFT, GOOGL, FTRB
Q4 2025 243$340.3MMSFT, VTI, IVV, GOOGL, AMZN