Focused Investors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Focused Investors LLC reported 24 stock positions worth $3.1 billion. Its top holding was Fiserv (FISV) at 8.5% of the portfolio, followed by Elevance Health (ELV, 7.1%) and Unitedhealth (UNH, 7.0%). Compared with Q4 2024, it added to 1 and reduced 23. The biggest buy was Centene (CNC, shares +588%) and the biggest sale Oracle (ORCL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001426398
- Portfolio Value
- $3.1B (Q1 2025)
- SEC Filing
- 0001380089-25-000003 ↗ filed May 1, 2025
Holdings Value
Holdings 24 stocks · $3.1B
| FISV Fiserv Inc. | 8.49% | 1,196,650 | $264.3M | Reduce -2.9% |
| ELV Elevance Health Inc. | 7.06% | 505,200 | $219.7M | Reduce -2.4% |
| UNH Unitedhealth Group Inc. | 6.96% | 413,900 | $216.8M | Reduce -3.0% |
| CI The Cigna Group | 6.04% | 571,650 | $188.1M | Reduce -2.7% |
| JNJ Johnson & Johnson | 6.02% | 1,130,850 | $187.5M | Reduce -2.5% |
| GS Goldman Sachs Group Inc. | 5.36% | 305,300 | $166.8M | Reduce -8.1% |
| MS Morgan Stanley | 4.79% | 1,277,000 | $149.0M | Reduce -2.6% |
| ORCL Oracle Corp. | 4.71% | 1,048,000 | $146.5M | Reduce -2.5% |
| MCD McDonald's Corp. | 4.21% | 419,650 | $131.1M | Reduce -2.4% |
| MSFT Microsoft Corp. | 3.90% | 323,500 | $121.4M | Reduce -2.4% |
| FDX FedEx Corp. | 3.78% | 483,400 | $117.8M | Reduce -2.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.78% | 1,190,850 | $117.5M | Reduce -2.6% |
| AXP American Express Co. | 3.77% | 436,600 | $117.5M | Reduce -2.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 3.68% | 939,850 | $114.5M | Reduce -2.4% |
| NOC Northrop Grumman Corp. | 3.42% | 207,900 | $106.4M | Reduce -3.0% |
| LOW Lowe's Cos Inc. | 3.34% | 446,200 | $104.1M | Reduce -2.1% |
| RTX RTX Corp. | 3.25% | 763,500 | $101.1M | Reduce -2.4% |
| LHX L3HARRIS Technologies Inc. | 2.95% | 439,450 | $92.0M | Reduce -2.4% |
| GPN Global Payments Inc. | 2.74% | 872,300 | $85.4M | Reduce -2.2% |
| PEP Pepsico Inc. | 2.57% | 533,550 | $80.0M | Reduce -3.3% |
| HD Home Depot Inc. | 2.54% | 216,050 | $79.2M | Reduce -2.8% |
| LMT Lockheed Martin Corp. | 2.42% | 168,400 | $75.2M | Reduce -2.9% |
| TGT Target Corp. | 2.19% | 653,700 | $68.2M | Reduce -2.5% |
| CNC Centene Corp. | 2.03% | 1,042,400 | $63.3M | Add +588.0% |
Portfolio Sells Q4 2024 → Q1 2025
| ORCL Oracle Corp. | Reduce -2.5% | 4.71% | −0.95 |
| TGT Target Corp. | Reduce -2.5% | 2.19% | −0.67 |
| GS Goldman Sachs Group Inc. | Reduce -8.1% | 5.36% | −0.65 |
| FDX FedEx Corp. | Reduce -2.3% | 3.78% | −0.61 |
| DIS The Walt Disney Co. | Reduce -2.6% | 3.78% | −0.53 |
| MSFT Microsoft Corp. | Reduce -2.4% | 3.90% | −0.51 |
| MS Morgan Stanley | Reduce -2.6% | 4.79% | −0.42 |
| AXP American Express Co. | Reduce -2.3% | 3.77% | −0.42 |
| GPN Global Payments Inc. | Reduce -2.2% | 2.74% | −0.41 |
| LMT Lockheed Martin Corp. | Reduce -2.9% | 2.42% | −0.25 |
| LOW Lowe's Cos Inc. | Reduce -2.1% | 3.34% | −0.21 |
| HD Home Depot Inc. | Reduce -2.8% | 2.54% | −0.19 |
| PEP Pepsico Inc. | Reduce -3.3% | 2.57% | −0.08 |
| LHX L3HARRIS Technologies Inc. | Reduce -2.4% | 2.95% | −0.04 |
| TJX TJX Companies Inc. | Reduce -2.4% | 3.68% | +0.00 |
| UNH Unitedhealth Group Inc. | Reduce -3.0% | 6.96% | +0.15 |
| NOC Northrop Grumman Corp. | Reduce -3.0% | 3.42% | +0.24 |
| MCD McDonald's Corp. | Reduce -2.4% | 4.21% | +0.27 |
| RTX RTX Corp. | Reduce -2.4% | 3.25% | +0.39 |
| FISV Fiserv Inc. | Reduce -2.9% | 8.49% | +0.49 |
| JNJ Johnson & Johnson | Reduce -2.5% | 6.02% | +0.72 |
| CI The Cigna Group | Reduce -2.7% | 6.04% | +0.92 |
| ELV Elevance Health Inc. | Reduce -2.4% | 7.06% | +1.02 |
Portfolio Buys Q4 2024 → Q1 2025
| CNC Centene Corp. | Add +588.0% | 2.03% | +1.74 |
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 |