Managers / Q2 2026
Focus Financial Network, Inc.
CIK 0002010942 · 1300 GODWARD ST, MINNEAPOLIS, MN, 55413 · 6513793912
Summary
Focus Financial Network, Inc. reported $3.2B in U.S.-listed holdings across 764 positions for Q2 2026.
Its largest position, NVDA, represents 9.9% of the portfolio.
Compared with Q1 2026, the fund opened 72 new positions and exited 37.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 68.1% · $2.2B
- Common Stock · 30.0% · $970M
- Other · 0.8% · $26M
- Closed-End Fund · 0.3% · $11M
- REIT · 0.3% · $10M
- Other · 0.4% · $13M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2026 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FIRST TR EXCHANGE-TRADED FD | NEW | +389.7K | 389.7K | +$12M | $12M |
| FIRST TR EXCHNG TRADED FD VI | NEW | +435.8K | 435.8K | +$11M | $11M |
| SPCEVIRGIN GALACTIC HOLDINGS INC | NEW | +2.38M | 2.38M | +$7M | $7M |
| TERTERADYNE INC | NEW | +12.2K | 12.2K | +$6M | $6M |
| VANECK ETF TRUST | NEW | +166.6K | 166.6K | +$4M | $4M |
| ISHARES INC | NEW | +132.7K | 132.7K | +$4M | $4M |
| BLACKROCK ETF TRUST | NEW | +128.8K | 128.8K | +$4M | $4M |
| SEZLSEZZLE INC | NEW | +14.5K | 14.5K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | US LCAP GR ETF · US DIVIDEND EQ · FUNDAMENTAL INTL · US LCAP VA ETF · US BRD MKT ETF · US LRG CAP ETF · US MID-CAP ETF · INTL EQTY ETF · US SML CAP ETF | 10.96% | $354M | 10.31M |
| 2 | NVDANVIDIA CORPORATIONhistory → | COM | 9.90% | $320M | 1.60M |
| 3 | ISHARES TR | CORE S&P500 ETF · CORE US AGGBD ET · 7-10 YR TRSY BD · RUS MID CAP ETF · S&P 500 GRWT ETF · MSCI INTL MOMENT · CORE UNIVRSL USD | 8.22% | $266M | 2.08M |
| 4 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 3.67% | $119M | 161.0K |
| 5 | INVESCO EXCHANGE TRADED FD T | S&P MDCP QUALITY · S&P MDCP MOMNTUM · S&P SMLCP MOMENT · S&P500 QUALITY | 3.13% | $101M | 912.4K |
| 6 | AAPLAPPLE INChistory → | COM | 3.01% | $97M | 336.3K |
| 7 | VTVVANGUARD INDEX FDS | VALUE ETF · SML CP GRW ETF · TOTAL STK MKT | 2.93% | $95M | 378.4K |
| 8 | AMZNAMAZON COM INChistory → | COM | 2.20% | $71M | 298.5K |
| 9 | PROSHARES TR | PSHS ULTRA QQQ | 1.80% | $58M | 599.8K |
| 10 | SNDKSANDISK CORPhistory → | COM | 1.37% | $44M | 19.5K |
| 11 | VANGUARD STAR FDS | VG TL INTL STK F | 1.27% | $41M | 481.6K |
| 12 | FIDELITY COVINGTON TRUST | ENHANCED SML CAP | 1.15% | $37M | 771.5K |
| 13 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 1.08% | $35M | 220.4K |
| 14 | GOOGLALPHABET INChistory → | CAP STK CL A | 1.00% | $32M | 90.1K |
| 15 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 0.98% | $32M | 445.5K |
| 16 | FIRST TR EXCHANGE TRADED FD | SMID RISNG ETF · DJ GLBL DIVID | 0.98% | $32M | 831.8K |
| 17 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 0.91% | $29M | 39.3K |
| 18 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 0.90% | $29M | 58.1K |
| 19 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.83% | $27M | 113.0K |
| 20 | SELECT SECTOR SPDR TR | ST STR TECHN ETF | 0.81% | $26M | 137.8K |
| 21 | SPDR SERIES TRUST | ST STR P500ETF | 0.76% | $24M | 278.6K |
| 22 | T ROWE PRICE EXCHANGE-TRADED | ULTRA SHRT TRM | 0.71% | $23M | 459.4K |
| 23 | MSFTMICROSOFT CORPhistory → | COM | 0.70% | $23M | 60.6K |
| 24 | INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 0.61% | $20M | 65.0K |
| 25 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.61% | $20M | 328.0K |
| 26 | ISHARES INC | MSCI EMRG CHN | 0.52% | $17M | 164.3K |
| 27 | WISDOMTREE TR | US QTLY DIV GRT | 0.50% | $16M | 169.2K |
| 28 | INVESCO ACTIVELY MANAGED EXC | TOTAL RETURN | 0.43% | $14M | 294.3K |
| 29 | UNHUNITEDHEALTH GROUP INChistory → | COM | 0.42% | $14M | 33.0K |
| 30 | BLACKROCK ETF TRUST | ISHARES US EQUIT | 0.38% | $12M | 179.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2026 | $3.2B | 764 | Jul 9, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2026 | $2.8B | 729 | Apr 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $2.9B | 725 | Jan 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $2.8B | 738 | Oct 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $2.5B | 704 | Jul 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $2.4B | 684 | Apr 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $2.5B | 665 | Jan 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $2.4B | 668 | Oct 28, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $816M | 403 | Jul 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $2.1B | 626 | Apr 24, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.