Focused Investors LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 16, 2026), Focused Investors LLC reported 22 stock positions worth $3.1 billion. Its top holding was Goldman Sachs (GS) at 7.5% of the portfolio, followed by Johnson & Johnson (JNJ, 7.4%) and Morgan Stanley (MS, 6.6%). Compared with Q4 2025, it added to 4 and reduced 18. The biggest buy was Microsoft (MSFT, shares +56%) and the biggest sale Elevance Health (ELV, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- LOS ANGELES, CA
- CIK
- 0001426398
- Portfolio Value
- $3.1B (Q1 2026)
- SEC Filing
- 0001426398-26-000005 ↗ filed Apr 16, 2026
Holdings Value
Holdings 22 stocks · $3.1B
| GS Goldman Sachs Group Inc. | 7.46% | 271,100 | $229.3M | Reduce -2.6% |
| JNJ Johnson & Johnson | 7.44% | 935,900 | $228.8M | Reduce -2.5% |
| MS Morgan Stanley | 6.57% | 1,228,350 | $202.1M | Reduce -2.4% |
| CI The Cigna Group | 6.06% | 698,200 | $186.2M | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 5.77% | 1,842,150 | $177.5M | Add +20.9% |
| MSFT Microsoft Corp. | 5.77% | 479,400 | $177.5M | Add +56.4% |
| FDX FedEx Corp. | 5.43% | 468,900 | $167.0M | Reduce -2.5% |
| PEP Pepsico Inc. | 5.42% | 1,072,750 | $166.6M | Reduce -2.5% |
| AXP American Express Co. | 4.94% | 502,450 | $152.0M | Add +15.6% |
| ELV Elevance Health Inc. | 4.85% | 509,800 | $149.2M | Reduce -2.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 4.74% | 913,100 | $145.8M | Reduce -2.5% |
| UNH Unitedhealth Group Inc. | 4.31% | 489,700 | $132.5M | Reduce -2.5% |
| MCD McDonald's Corp. | 4.12% | 407,300 | $126.6M | Reduce -2.4% |
| NOC Northrop Grumman Corp. | 3.94% | 177,400 | $121.0M | Reduce -14.6% |
| LHX L3HARRIS Technologies Inc. | 3.53% | 314,250 | $108.5M | Reduce -28.1% |
| RTX RTX Corp. | 3.48% | 555,450 | $107.1M | Reduce -26.9% |
| LOW Lowe's Cos Inc. | 3.34% | 434,350 | $102.6M | Reduce -2.5% |
| LMT Lockheed Martin Corp. | 3.20% | 163,000 | $98.5M | Reduce -2.5% |
| GPN Global Payments Inc. | 3.14% | 1,434,900 | $96.6M | Reduce -1.9% |
| ORCL Oracle Corp. | 2.95% | 617,150 | $90.8M | Add +79.9% |
| HD Home Depot Inc. | 2.22% | 207,500 | $68.2M | Reduce -2.4% |
| CNC Centene Corp. | 1.31% | 1,233,150 | $40.4M | Reduce -2.5% |
Portfolio Sells Q4 2025 → Q1 2026
| ELV Elevance Health Inc. | Reduce -2.5% | 4.85% | −0.98 |
| UNH Unitedhealth Group Inc. | Reduce -2.5% | 4.31% | −0.97 |
| RTX RTX Corp. | Reduce -26.9% | 3.48% | −0.95 |
| LHX L3HARRIS Technologies Inc. | Reduce -28.1% | 3.53% | −0.56 |
| MS Morgan Stanley | Reduce -2.4% | 6.57% | −0.54 |
| GPN Global Payments Inc. | Reduce -1.9% | 3.14% | −0.46 |
| CNC Centene Corp. | Reduce -2.5% | 1.31% | −0.34 |
| GS Goldman Sachs Group Inc. | Reduce -2.6% | 7.46% | −0.33 |
| CI The Cigna Group | Reduce -1.5% | 6.06% | −0.16 |
| HD Home Depot Inc. | Reduce -2.4% | 2.22% | −0.11 |
| LOW Lowe's Cos Inc. | Reduce -2.5% | 3.34% | −0.08 |
| MCD McDonald's Corp. | Reduce -2.4% | 4.12% | +0.06 |
| TJX TJX Companies Inc. | Reduce -2.5% | 4.74% | +0.16 |
| NOC Northrop Grumman Corp. | Reduce -14.6% | 3.94% | +0.17 |
| PEP Pepsico Inc. | Reduce -2.5% | 5.42% | +0.39 |
| LMT Lockheed Martin Corp. | Reduce -2.5% | 3.20% | +0.63 |
| FDX FedEx Corp. | Reduce -2.5% | 5.43% | +1.01 |
| JNJ Johnson & Johnson | Reduce -2.5% | 7.44% | +1.12 |
Portfolio Buys Q4 2025 → Q1 2026
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 |