Focused Investors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Focused Investors LLC reported 24 stock positions worth $3.2 billion. Its top holding was Fiserv (FISV) at 8.0% of the portfolio, followed by Unitedhealth (UNH, 6.8%) and Elevance Health (ELV, 6.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 3 and reduced 19. The biggest buy was a new position in Global Payments (GPN) and the biggest sale an exit from Coca-Cola (KO).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001426398
- Portfolio Value
- $3.2B (Q4 2024)
- SEC Filing
- 0001426398-25-000003 ↗ filed Feb 11, 2025
Holdings Value
Holdings 24 stocks · $3.2B
| FISV Fiserv Inc. | 8.00% | 1,232,550 | $253.2M | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 6.82% | 426,600 | $215.8M | Add +4.1% |
| ELV Elevance Health Inc. | 6.03% | 517,800 | $191.0M | Add +3.2% |
| GS Goldman Sachs Group Inc. | 6.01% | 332,100 | $190.2M | Reduce -0.8% |
| ORCL Oracle Corp. | 5.66% | 1,075,000 | $179.1M | Reduce -0.9% |
| JNJ Johnson & Johnson | 5.30% | 1,160,250 | $167.8M | Reduce -0.8% |
| MS Morgan Stanley | 5.21% | 1,311,800 | $164.9M | Reduce -18.9% |
| CI The Cigna Group | 5.12% | 587,450 | $162.2M | Add +8.8% |
| MSFT Microsoft Corp. | 4.41% | 331,500 | $139.7M | Reduce -0.8% |
| FDX FedEx Corp. | 4.40% | 494,600 | $139.1M | Reduce -0.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 4.30% | 1,222,950 | $136.2M | Reduce -0.9% |
| AXP American Express Co. | 4.19% | 447,000 | $132.7M | Reduce -0.8% |
| MCD McDonald's Corp. | 3.94% | 429,850 | $124.6M | Reduce -0.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.67% | 962,850 | $116.3M | Reduce -0.9% |
| LOW Lowe's Cos Inc. | 3.56% | 456,000 | $112.5M | Reduce -0.9% |
| NOC Northrop Grumman Corp. | 3.18% | 214,300 | $100.6M | Reduce -0.9% |
| GPN Global Payments Inc. | 3.16% | 892,100 | $100.0M | New |
| LHX L3HARRIS Technologies Inc. | 2.99% | 450,450 | $94.7M | Reduce -0.9% |
| TGT Target Corp. | 2.86% | 670,200 | $90.6M | Reduce -0.9% |
| RTX RTX Corp. | 2.86% | 782,600 | $90.6M | Reduce -0.9% |
| HD Home Depot Inc. | 2.73% | 222,150 | $86.4M | Reduce -0.8% |
| LMT Lockheed Martin Corp. | 2.66% | 173,500 | $84.3M | Reduce -0.6% |
| PEP Pepsico Inc. | 2.65% | 551,750 | $83.9M | Reduce -0.2% |
| CNC Centene Corp. | 0.29% | 151,500 | $9.2M | New |
Portfolio Sells Q3 2024 → Q4 2024
| KO The Coca-Cola Co. | Sold out | 0.00% | −2.19 |
| JNJ Johnson & Johnson | Reduce -0.8% | 5.30% | −0.46 |
| LMT Lockheed Martin Corp. | Reduce -0.6% | 2.66% | −0.43 |
| TGT Target Corp. | Reduce -0.9% | 2.86% | −0.34 |
| NOC Northrop Grumman Corp. | Reduce -0.9% | 3.18% | −0.29 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.9% | 2.99% | −0.29 |
| LOW Lowe's Cos Inc. | Reduce -0.9% | 3.56% | −0.23 |
| PEP Pepsico Inc. | Reduce -0.2% | 2.65% | −0.20 |
| MCD McDonald's Corp. | Reduce -0.8% | 3.94% | −0.07 |
| RTX RTX Corp. | Reduce -0.9% | 2.86% | −0.04 |
| HD Home Depot Inc. | Reduce -0.8% | 2.73% | −0.02 |
| MSFT Microsoft Corp. | Reduce -0.8% | 4.41% | +0.05 |
| ORCL Oracle Corp. | Reduce -0.9% | 5.66% | +0.05 |
| MS Morgan Stanley | Reduce -18.9% | 5.21% | +0.09 |
| TJX TJX Companies Inc. | Reduce -0.9% | 3.67% | +0.21 |
| FDX FedEx Corp. | Reduce -0.8% | 4.40% | +0.25 |
| AXP American Express Co. | Reduce -0.8% | 4.19% | +0.48 |
| DIS The Walt Disney Co. | Reduce -0.9% | 4.30% | +0.70 |
| GS Goldman Sachs Group Inc. | Reduce -0.8% | 6.01% | +0.98 |
| FISV Fiserv Inc. | Reduce -1.1% | 8.00% | +1.20 |
Portfolio Buys Q3 2024 → Q4 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 |