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Focus Financial Network, Inc. — 13F Holdings & Portfolio

CIK 2010942 · latest 13F-HR filed 2026-07-09

Backtest portfolio

Focus Financial Network, Inc. manages $3.23B in 13F-reported U.S. long-equity assets across 764 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are NVDA (9.90%), SCHG (4.57%), QQQ (3.67%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 72 new positions and exited 37; 409 existing positions rose in reported value and 138 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.

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AUM
$3.23B

Long-equity book

Holdings
764

Distinct positions

Period
2026-06-30

Filed 2026-07-09

Q/Q Activity
+72 / −37 / ↑409 / ↓138

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
NVDA9.9% · -1%SCHG4.6% · -8%QQQ3.7% · +1%AAPL3.0% · -1%IVV2.9% · +9%AMZN2.2% · -3%VTV2.0% · +7%AGG2.0% · +6%QLD1.8% · +0%SCHD1.8% · -8%SNDK1.4% · +28%FNDF1.3% · +6%VXUS1.3% · +3%XMHQ1.2% · +2%IEF1.2% · +6%FESM1.2% · +6%VYM1.1% · -8%GOOGL1.0% · -9%VEA1.0% · +5%SPY0.9% · +1%BRK.B0.9% · -3%VIG0.8% · +3%XLK0.8% · +1%SPYM0.8% · +31%IWR0.7% · -2%TBUX0.7% · +937%MSFT0.7% · -3%XMMO0.7% · +1%SCHV0.6% · -6%XSMO0.6% · -1%SCHB0.6% · +2%IVW0.6% · -1%QQQM0.6% · +9%SPHQ0.6% · -10%VWO0.6% · +1%SDVY0.6% · +6%SCHX0.6% · -0%VBK0.5% · +2%SCHM0.5% · -4%EMXC0.5% · -30%DGRW0.5% · -5%SCHF0.5% · +9%IMTM0.4% · +2%SCHA0.4% · -6%GTO0.4% · +8%UNH0.4% · -4%IUSB0.4% · +31%VTI0.4% · +2%FGD0.4% · newDYNF0.4% · -8%NVT0.4% · -2%AKRE0.4% · -42%QUAL0.4% · -30%VHT0.4% · +10%GLD0.3% · -1%BSV0.3% · +4%JPM0.3% · +6%UCON0.3% · newSGOL0.3% · -21%TCAF0.3% · +203%

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

Q1 26 → Q2 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

3 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 = 33.8%

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

Firm Profile & Key People
Assets Under Management
$6.82B
Discretionary
$6.57B
Employees
189
Accounts
27,510
Address
1300 GODWARD STREET NE
SUITE 5500
MINNEAPOLIS, MN 55413
Phone
(651) 631-8166
Website
This firm reports 3 disclosure items on its registration.
Name Title / Status Ownership Type
BEISSLER, DAVID, WILLIAM ControlSHAREHOLDER:DIRECTOR10–25%Individual
BINA, JOHN, GREGORY ControlPRESIDENTLess than 5%Individual
CHANG, EVAN, ALFRED ControlCHIEF COMPLIANCE OFFICERLess than 5%Individual
Chaconas, Christina ControlVP OPERATIONSLess than 5%Individual
DRITZ, JOHN, HARRIS ControlSHAREHOLDER:DIRECTOR:TREASURER5–10%Individual
HEITKAMP, DAVID, KENNETH ControlSHAREHOLDER:DIRECTOR10–25%Individual
LAYTON, JOHN, PATRICK ControlSHAREHOLDER:DIRECTOR10–25%Individual
PICKUP, WALTER, EDWARD ControlSHAREHOLDER:DIRECTOR10–25%Individual
WATKINS, JOHN, KYLE ControlSHAREHOLDER:DIRECTOR10–25%Individual
BERGSTROM, WILLIAM, ROBERTSHAREHOLDER:DIRECTOR10–25%Individual
DALES, MICHAEL, SCOTTSHAREHOLDER5–10%Individual

Quarter-over-quarter changes

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

Focus Financial Network, Inc. Holdings (2026-06-30)

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 NVIDIA CORPORATION NVDA 67066G104 $319.9M 9.90% 1,598,701 SH
2 SCHWAB STRATEGIC TR SCHG 808524300 $147.6M 4.57% 4,361,225 SH
3 INVESCO QQQ TR QQQ 46090E103 $118.6M 3.67% 161,020 SH
4 APPLE INC AAPL 037833100 $97.3M 3.01% 336,261 SH
5 ISHARES TR IVV 464287200 $92.5M 2.86% 123,492 SH
6 AMAZON COM INC AMZN 023135106 $71.1M 2.20% 298,452 SH
7 VANGUARD INDEX FDS VTV 922908744 $64.6M 2.00% 296,209 SH
8 ISHARES TR AGG 464287226 $63.5M 1.97% 641,837 SH
9 PROSHARES TR QLD 74347R206 $58.0M 1.80% 599,844 SH
10 SCHWAB STRATEGIC TR SCHD 808524797 $57.7M 1.78% 1,818,289 SH
11 SANDISK CORP SNDK 80004C200 $44.4M 1.37% 19,508 SH
12 SCHWAB STRATEGIC TR FNDF 808524755 $43.4M 1.34% 821,704 SH
13 VANGUARD STAR FDS VXUS 921909768 $41.2M 1.27% 481,632 SH
14 INVESCO EXCHANGE TRADED FD T XMHQ 46137V472 $39.4M 1.22% 348,740 SH
15 ISHARES TR IEF 464287440 $38.4M 1.19% 405,791 SH
16 FIDELITY COVINGTON TRUST FESM 31609A206 $37.3M 1.15% 771,548 SH
17 VANGUARD WHITEHALL FDS VYM 921946406 $34.8M 1.08% 220,387 SH
18 ALPHABET INC GOOGL 02079K305 $32.2M 1.00% 90,075 SH
19 VANGUARD TAX-MANAGED FDS VEA 921943858 $31.7M 0.98% 445,510 SH
20 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $29.4M 0.91% 39,307 SH
21 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $29.1M 0.90% 58,099 SH
22 VANGUARD SPECIALIZED FUNDS VIG 921908844 $26.7M 0.83% 112,982 SH
23 SELECT SECTOR SPDR TR XLK 81369Y803 $26.3M 0.81% 137,844 SH
24 SPDR SERIES TRUST SPYM 78464A854 $24.5M 0.76% 278,605 SH
25 ISHARES TR IWR 464287499 $24.0M 0.74% 217,178 SH
26 T ROWE PRICE EXCHANGE-TRADED TBUX 87283Q701 $22.9M 0.71% 459,368 SH
27 MICROSOFT CORP MSFT 594918104 $22.6M 0.70% 60,635 SH
28 INVESCO EXCHANGE TRADED FD T XMMO 46137V464 $21.3M 0.66% 125,386 SH
29 SCHWAB STRATEGIC TR SCHV 808524409 $20.9M 0.65% 600,252 SH
30 INVESCO EXCHANGE TRADED FD T XSMO 46137V498 $20.7M 0.64% 220,755 SH
31 SCHWAB STRATEGIC TR SCHB 808524102 $20.6M 0.64% 710,192 SH
32 ISHARES TR IVW 464287309 $20.1M 0.62% 146,039 SH
33 INVESCO EXCH TRADED FD TR II QQQM 46138G649 $19.7M 0.61% 64,987 SH
34 INVESCO EXCHANGE TRADED FD T SPHQ 46137V241 $19.6M 0.61% 217,531 SH
35 VANGUARD INTL EQUITY INDEX F VWO 922042858 $19.6M 0.61% 327,999 SH
36 FIRST TR EXCHANGE TRADED FD SDVY 33741X102 $19.1M 0.59% 442,090 SH
37 SCHWAB STRATEGIC TR SCHX 808524201 $18.0M 0.56% 611,089 SH
38 VANGUARD INDEX FDS VBK 922908595 $17.5M 0.54% 47,956 SH
39 SCHWAB STRATEGIC TR SCHM 808524508 $17.1M 0.53% 465,129 SH
40 ISHARES INC EMXC 46434G764 $16.8M 0.52% 164,318 SH
41 WISDOMTREE TR DGRW 97717X669 $16.2M 0.50% 169,182 SH
42 SCHWAB STRATEGIC TR SCHF 808524805 $14.8M 0.46% 535,959 SH
43 ISHARES TR IMTM 46434V449 $14.1M 0.44% 264,351 SH
44 SCHWAB STRATEGIC TR SCHA 808524607 $14.0M 0.43% 387,046 SH
45 INVESCO ACTIVELY MANAGED EXC GTO 46090A804 $13.8M 0.43% 294,261 SH
46 UNITEDHEALTH GROUP INC UNH 91324P102 $13.7M 0.42% 32,977 SH
47 ISHARES TR IUSB 46434V613 $13.1M 0.41% 284,602 SH
48 VANGUARD INDEX FDS VTI 922908769 $12.7M 0.39% 34,274 SH
49 FIRST TR EXCHANGE-TRADED FD FGD 33734X200 $12.5M 0.39% 389,682 SH
50 BLACKROCK ETF TRUST DYNF 09290C103 $12.2M 0.38% 179,726 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-09 $3.23B 764 0001754960-26-000448
2026-03-31 2026-04-14 $2.79B 729 0001754960-26-000242
2025-12-31 2026-01-12 $2.87B 725 0001754960-26-000023
Filer Information
Address
1300 GODWARD ST
MINNEAPOLIS, MN 55413
Phone
(651) 379-3912
Filing Manager
Focus Financial Network, Inc.
MINNEAPOLIS, MN
Signatory
Aryn Sands
Agent