Focused Investors LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Focused Investors LLC reported 23 stock positions worth $3.1 billion. Its top holding was Elevance Health (ELV) at 8.2% of the portfolio, followed by Unitedhealth (UNH, 6.9%) and Microsoft (MSFT, 6.2%). Compared with Q1 2024, it added to 3 and reduced 20. The biggest buy was Unitedhealth (UNH, shares +11%) and the biggest sale Target (TGT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001426398
- Portfolio Value
- $3.1B (Q2 2024)
- SEC Filing
- 0001426398-24-000006 ↗ filed Jul 30, 2024
Holdings Value
Holdings 23 stocks · $3.1B
| ELV Elevance Health Inc. | 8.24% | 468,100 | $253.6M | Reduce -2.9% |
| UNH Unitedhealth Group Inc. | 6.90% | 417,250 | $212.5M | Add +10.8% |
| MSFT Microsoft Corp. | 6.15% | 423,650 | $189.4M | Reduce -12.1% |
| FISV Fiserv Inc. | 6.11% | 1,262,500 | $188.2M | Add +11.1% |
| CI The Cigna Group | 5.90% | 549,900 | $181.8M | Reduce -2.8% |
| JNJ Johnson & Johnson | 5.66% | 1,192,150 | $174.2M | Reduce -2.8% |
| MS Morgan Stanley | 5.21% | 1,649,700 | $160.3M | Reduce -2.7% |
| ORCL Oracle Corp. | 5.07% | 1,104,700 | $156.0M | Reduce -15.7% |
| GS Goldman Sachs Group Inc. | 5.00% | 340,400 | $154.0M | Reduce -2.8% |
| FDX FedEx Corp. | 4.95% | 508,100 | $152.3M | Reduce -2.8% |
| MCD McDonald's Corp. | 3.65% | 441,500 | $112.5M | Reduce -2.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.56% | 1,104,700 | $109.7M | Add +12.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.54% | 989,200 | $108.9M | Reduce -2.7% |
| AXP American Express Co. | 3.45% | 458,800 | $106.2M | Reduce -2.7% |
| LHX L3HARRIS Technologies Inc. | 3.38% | 462,850 | $103.9M | Reduce -3.2% |
| LOW Lowe's Cos Inc. | 3.36% | 468,600 | $103.3M | Reduce -2.8% |
| TGT Target Corp. | 3.31% | 688,700 | $102.0M | Reduce -2.8% |
| LMT Lockheed Martin Corp. | 3.13% | 206,500 | $96.5M | Reduce -2.8% |
| NOC Northrop Grumman Corp. | 3.12% | 220,300 | $96.0M | Reduce -2.7% |
| PEP Pepsico Inc. | 3.02% | 563,300 | $92.9M | Reduce -2.7% |
| RTX RTX Corp. | 2.62% | 804,050 | $80.7M | Reduce -2.7% |
| HD Home Depot Inc. | 2.55% | 228,250 | $78.6M | Reduce -2.8% |
| KO The Coca-Cola Co. | 2.12% | 1,024,950 | $65.2M | Reduce -2.8% |
Portfolio Sells Q1 2024 → Q2 2024
| TGT Target Corp. | Reduce -2.8% | 3.31% | −0.62 |
| CI The Cigna Group | Reduce -2.8% | 5.90% | −0.53 |
| LOW Lowe's Cos Inc. | Reduce -2.8% | 3.36% | −0.49 |
| JNJ Johnson & Johnson | Reduce -2.8% | 5.66% | −0.42 |
| MCD McDonald's Corp. | Reduce -2.8% | 3.65% | −0.36 |
| NOC Northrop Grumman Corp. | Reduce -2.7% | 3.12% | −0.27 |
| HD Home Depot Inc. | Reduce -2.8% | 2.55% | −0.27 |
| MSFT Microsoft Corp. | Reduce -12.1% | 6.15% | −0.20 |
| PEP Pepsico Inc. | Reduce -2.7% | 3.02% | −0.16 |
| ORCL Oracle Corp. | Reduce -15.7% | 5.07% | −0.09 |
| AXP American Express Co. | Reduce -2.7% | 3.45% | +0.09 |
| RTX RTX Corp. | Reduce -2.7% | 2.62% | +0.10 |
| KO The Coca-Cola Co. | Reduce -2.8% | 2.12% | +0.10 |
| LMT Lockheed Martin Corp. | Reduce -2.8% | 3.13% | +0.11 |
| LHX L3HARRIS Technologies Inc. | Reduce -3.2% | 3.38% | +0.19 |
| MS Morgan Stanley | Reduce -2.7% | 5.21% | +0.21 |
| FDX FedEx Corp. | Reduce -2.8% | 4.95% | +0.21 |
| TJX TJX Companies Inc. | Reduce -2.7% | 3.54% | +0.31 |
| ELV Elevance Health Inc. | Reduce -2.9% | 8.24% | +0.41 |
| GS Goldman Sachs Group Inc. | Reduce -2.8% | 5.00% | +0.42 |
Portfolio Buys Q1 2024 → Q2 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 23 | $3.0B | GS, MS, JNJ, UNH, ELV |
| Q1 2026 | 22 | $3.1B | GS, JNJ, MS, CI, DIS |
| Q4 2025 | 22 | $3.1B | GS, MS, JNJ, CI, ELV |
| Q3 2025 | 23 | $3.3B | GS, CI, MS, FISV, JNJ |
| Q2 2025 | 23 | $3.1B | FISV, ELV, ORCL, GS, CI |
| Q1 2025 | 24 | $3.1B | FISV, ELV, UNH, CI, JNJ |
| Q4 2024 | 24 | $3.2B | FISV, UNH, ELV, GS, ORCL |
| Q3 2024 | 23 | $3.3B | ELV, UNH, FISV, JNJ, CI |
| Q2 2024 | 23 | $3.1B | ELV, UNH, MSFT, FISV, CI |
| Q1 2024 | 23 | $3.2B | ELV, CI, MSFT, JNJ, UNH |