Top Institutional Investors

Focused Investors LLC — 13F Holdings & Portfolio

CIK 1426398 · latest 13F-HR filed 2026-10-30

Backtest portfolio

Focused Investors LLC manages $2.41B in 13F-reported U.S. long-equity assets across 22 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are JNJ (7.84%), MSFT (7.74%), GS (7.64%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 0 new positions and exited 1; 2 existing positions rose in reported value and 19 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$2.41B

Long-equity book

Holdings
22

Distinct positions

Period
2026-09-30

Filed 2026-10-30

Q/Q Activity
+0 / −1 / ↑2 / ↓19

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
JNJ7.8% · -16%MSFT7.7% · -16%GS7.6% · -16%MS7.2% · -16%ELV6.2% · -16%DIS6.1% · -16%CI5.9% · -16%UNH5.7% · -16%AXP4.8% · -16%PEP4.3% · -16%FDX4.2% · -16%ACN4.2% · +12%TJX3.8% · -16%GPN3.7% · -16%ORCL3.2% · +2%MCD3.0% · -16%NOC2.7% · -16%LMT2.6% · -16%LOW2.5% · -16%MRSH2.4% · -17%LHX2.3% · -16%HD1.9% · -16%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 63.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 30, 2026.

Assets Under Management
$3.29B
Discretionary
$3.29B
Employees
4
Accounts
9
Address
1999 AVENUE OF THE STARS
SUITE 3320
LOS ANGELES, CA 90067
Phone
(310) 734-1200
Website
Name Title / Status Ownership Type
SOEHARTO, NUGROHO, (NMN) ControlMANAGING MEMBER
since Mar 2008
25–50%Individual
TECSON, BEVERLY, CANONIGO ControlCHIEF OPERATING OFFICER/CHIEF COMPLIANCE OFFICER
since Jan 2021
Less than 5%Individual
VEACO, BRUCE, GORDON ControlMANAGING MEMBER
since Feb 2006
75% or moreIndividual
Ownership & leadership changes · 2 filings with changes since Mar 6, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 28, 2021 filing
  • No longer listedKROMM, MICHAEL, (NMN) · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Jun 2008
  • ChangedTECSON, BEVERLY, CANONIGO · title CHIEF OPERATING OFFICER → CHIEF OPERATING OFFICER/CHIEF COMPLIANCE OFFICER
Mar 18, 2020 filing
  • AddedTECSON, BEVERLY, CANONIGO · CHIEF OPERATING OFFICER · Less than 5% · control person
  • ChangedKROMM, MICHAEL, (NMN) · title CHIEF OPERATING OFFICER/CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER
Mar 6, 2012 filing (earliest on record)
  • ListedKROMM, MICHAEL, (NMN) · CHIEF OPERATING OFFICER/CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedSOEHARTO, NUGROHO, (NMN) · MANAGING MEMBER · 25–50% · control person
  • ListedVEACO, BRUCE, GORDON · MANAGING MEMBER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 2 →

Top Trims

Show all 19 →

New Positions

  • No new positions this quarter.
Show all 0 →

Exited Positions

Show all 1 →

Focused Investors LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Johnson & Johnson JNJ 478160104 $189.0M 7.84% 713,800 SH
2 Microsoft Corp. MSFT 594918104 $186.6M 7.74% 363,900 SH
3 The Goldman Sachs Group, Inc. GS 38141G104 $184.3M 7.64% 204,700 SH
4 Morgan Stanley MS 617446448 $174.4M 7.23% 927,450 SH
5 Elevance Health, Inc. ELV 036752103 $150.5M 6.24% 387,100 SH
6 The Walt Disney Company DIS 254687106 $146.8M 6.09% 1,399,550 SH
7 The Cigna Group CI 125523100 $143.0M 5.93% 526,100 SH
8 UnitedHealth Group Inc. UNH 91324P102 $136.8M 5.68% 372,800 SH
9 American Express Co. AXP 025816109 $116.5M 4.83% 383,050 SH
10 PepsiCo, Inc. PEP 713448108 $103.7M 4.30% 817,950 SH
11 FedEx Corporation FDX 31428X106 $101.6M 4.22% 356,500 SH
12 Accenture Plc Class A ACN G1151C101 $100.6M 4.17% 548,800 SH
13 The TJX Companies, Inc. TJX 872540109 $91.5M 3.80% 691,900 SH
14 Global Payments Inc. GPN 37940X102 $89.3M 3.70% 1,093,300 SH
15 Oracle Corporation ORCL 68389X105 $77.8M 3.22% 566,350 SH
16 McDonald's Corporation MCD 580135101 $71.3M 2.96% 308,600 SH
17 Northrop Grumman Corporation NOC 666807102 $65.1M 2.70% 134,600 SH
18 Lockheed Martin Corp. LMT 539830109 $63.2M 2.62% 124,200 SH
19 Lowe's Companies, Inc. LOW 548661107 $60.3M 2.50% 327,050 SH
20 Marsh & McLennan Companies, In MRSH 571748102 $57.2M 2.37% 335,000 SH
21 L3Harris Technologies, Inc. LHX 502431109 $56.5M 2.34% 238,650 SH
22 The Home Depot, Inc. HD 437076102 $45.1M 1.87% 158,400 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-30 $2.41B 22 0001426398-26-000009
2026-06-30 2026-07-28 $2.96B 23 0001426398-26-000007
2026-03-31 2026-04-16 $3.08B 22 0001426398-26-000005
2025-12-31 2026-01-27 $3.14B 22 0001426398-26-000003
Filer Information
Address
1999 AVENUE OF THE STARS
SUITE 3320
LOS ANGELES, CA 90067
Phone
(310) 734-1200
Filing Manager
Focused Investors LLC
LOS ANGELES, CA
Signatory
Beverly Tecson
Chief Operating Officer / Chief Compliance Officer