Focused Investors LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Focused Investors LLC reported 23 stock positions worth $3.3 billion. Its top holding was Elevance Health (ELV) at 7.9% of the portfolio, followed by Unitedhealth (UNH, 7.3%) and Fiserv (FISV, 6.8%). Compared with Q2 2024, it added to 2 and reduced 21. The biggest buy was Walt Disney (DIS, shares +12%) and the biggest sale Microsoft (MSFT, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001426398
- Portfolio Value
- $3.3B (Q3 2024)
- SEC Filing
- 0001426398-24-000008 ↗ filed Nov 6, 2024
Holdings Value
Holdings 23 stocks · $3.3B
| ELV Elevance Health Inc. | 7.92% | 501,600 | $260.8M | Add +7.2% |
| UNH Unitedhealth Group Inc. | 7.27% | 409,650 | $239.5M | Reduce -1.8% |
| FISV Fiserv Inc. | 6.80% | 1,246,200 | $223.9M | Reduce -1.3% |
| JNJ Johnson & Johnson | 5.76% | 1,170,250 | $189.7M | Reduce -1.8% |
| CI The Cigna Group | 5.68% | 539,900 | $187.0M | Reduce -1.8% |
| ORCL Oracle Corp. | 5.61% | 1,084,300 | $184.8M | Reduce -1.9% |
| MS Morgan Stanley | 5.12% | 1,618,200 | $168.7M | Reduce -1.9% |
| GS Goldman Sachs Group Inc. | 5.03% | 334,800 | $165.8M | Reduce -1.6% |
| MSFT Microsoft Corp. | 4.37% | 334,350 | $143.9M | Reduce -21.1% |
| FDX FedEx Corp. | 4.14% | 498,800 | $136.5M | Reduce -1.8% |
| MCD McDonald's Corp. | 4.01% | 433,500 | $132.0M | Reduce -1.8% |
| LOW Lowe's Cos Inc. | 3.78% | 460,000 | $124.6M | Reduce -1.8% |
| AXP American Express Co. | 3.71% | 450,400 | $122.1M | Reduce -1.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.60% | 1,234,500 | $118.7M | Add +11.8% |
| NOC Northrop Grumman Corp. | 3.47% | 216,200 | $114.2M | Reduce -1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.46% | 971,200 | $114.2M | Reduce -1.8% |
| LHX L3HARRIS Technologies Inc. | 3.28% | 454,350 | $108.1M | Reduce -1.8% |
| TGT Target Corp. | 3.20% | 676,000 | $105.4M | Reduce -1.8% |
| LMT Lockheed Martin Corp. | 3.10% | 174,500 | $102.0M | Reduce -15.5% |
| RTX RTX Corp. | 2.90% | 789,350 | $95.6M | Reduce -1.8% |
| PEP Pepsico Inc. | 2.85% | 553,000 | $94.0M | Reduce -1.8% |
| HD Home Depot Inc. | 2.75% | 223,950 | $90.7M | Reduce -1.9% |
| KO The Coca-Cola Co. | 2.19% | 1,006,150 | $72.3M | Reduce -1.8% |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -21.1% | 4.37% | −1.78 |
| FDX FedEx Corp. | Reduce -1.8% | 4.14% | −0.80 |
| CI The Cigna Group | Reduce -1.8% | 5.68% | −0.23 |
| PEP Pepsico Inc. | Reduce -1.8% | 2.85% | −0.16 |
| TGT Target Corp. | Reduce -1.8% | 3.20% | −0.11 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.8% | 3.28% | −0.10 |
| MS Morgan Stanley | Reduce -1.9% | 5.12% | −0.09 |
| TJX TJX Companies Inc. | Reduce -1.8% | 3.46% | −0.07 |
| LMT Lockheed Martin Corp. | Reduce -15.5% | 3.10% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -1.6% | 5.03% | +0.03 |
| KO The Coca-Cola Co. | Reduce -1.8% | 2.19% | +0.08 |
| JNJ Johnson & Johnson | Reduce -1.8% | 5.76% | +0.10 |
| HD Home Depot Inc. | Reduce -1.9% | 2.75% | +0.20 |
| AXP American Express Co. | Reduce -1.8% | 3.71% | +0.26 |
| RTX RTX Corp. | Reduce -1.8% | 2.90% | +0.28 |
| NOC Northrop Grumman Corp. | Reduce -1.9% | 3.47% | +0.35 |
| MCD McDonald's Corp. | Reduce -1.8% | 4.01% | +0.35 |
| UNH Unitedhealth Group Inc. | Reduce -1.8% | 7.27% | +0.37 |
| LOW Lowe's Cos Inc. | Reduce -1.8% | 3.78% | +0.43 |
| ORCL Oracle Corp. | Reduce -1.9% | 5.61% | +0.54 |
| FISV Fiserv Inc. | Reduce -1.3% | 6.80% | +0.68 |
Portfolio Buys Q2 2024 → Q3 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 |