Managers / Q1 2026
FOCUSED ALPHA, LLC
CIK 0002105062 · 1401 LAWRENCE STREET, SUITE 1600, DENVER, CO, 80202 · 303-529-5100
Summary
Focused Alpha, LLC reported $324M in U.S.-listed holdings across 247 positions for Q1 2026.
Its largest position, Vanguard Index Fds, represents 4.6% of the portfolio.
Compared with Q4 2025, the fund opened 30 new positions and exited 26.
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 · 54.0% · $175M
- Common Stock · 41.6% · $134M
- ADR · 2.9% · $10M
- Closed-End Fund · 0.7% · $2M
- Other · 0.5% · $2M
- Other · 0.3% · $918,363
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HTDCORCEPT THERAPEUTICS INC | NEW | +32.4K | 32.4K | +$1M | $1M |
| GLOBAL X FDS | NEW | +22.1K | 22.1K | +$866,450 | $866,450 |
| CGNXCOGNEX CORP | NEW | +15.5K | 15.5K | +$757,806 | $757,806 |
| ORLYOREILLY AUTOMOTIVE INC | NEW | +7.2K | 7.2K | +$665,094 | $665,094 |
| LMTLOCKHEED MARTIN CORP | NEW | +1.0K | 1.0K | +$630,833 | $630,833 |
| ASTSAST SPACEMOBILE INC | NEW | +6.7K | 6.7K | +$558,792 | $558,792 |
| DYHTARGET CORP | NEW | +4.3K | 4.3K | +$522,125 | $522,125 |
| BMYBRISTOL-MYERS SQUIBB CO | NEW | +8.4K | 8.4K | +$507,701 | $507,701 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VTVVANGUARD INDEX FDS | TOTAL STK MKT · VALUE ETF · GROWTH ETF | 7.52% | $24M | 90.0K |
| 2 | ISHARES TR | CORE S&P500 ETF · CORE DIV GRWTH · S&P 500 VAL ETF · S&P 500 GRWT ETF · CORE MSCI EAFE | 6.88% | $22M | 118.6K |
| 3 | FEDERATED HERMES ETF TRUST | HERMES TOTAL RET · US STRATEGIC DIV | 4.58% | $15M | 539.3K |
| 4 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 4.08% | $13M | 46.0K |
| 5 | MSFTMICROSOFT CORPhistory → | COM | 3.63% | $12M | 31.7K |
| 6 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 2.75% | $9M | 14.1K |
| 7 | AMZNAMAZON COM INChistory → | COM | 2.39% | $8M | 37.1K |
| 8 | AAPLAPPLE INChistory → | COM | 2.36% | $8M | 30.1K |
| 9 | SCHWAB STRATEGIC TR | US DIVIDEND EQ · US LCAP GR ETF | 2.05% | $7M | 220.8K |
| 10 | SCM TRUST | SHELTON EQT PRE | 2.03% | $7M | 262.4K |
| 11 | GOLDMAN SACHS ETF TR | S&P 500 PREMIUM | 1.78% | $6M | 115.0K |
| 12 | AB ACTIVE ETFS INC | SHORT DURATION H | 1.74% | $6M | 158.6K |
| 13 | FIRST TR EXCHNG TRADED FD VI | SMITH UNCONSTRAI | 1.63% | $5M | 213.2K |
| 14 | RBB FUND TRUST | FIRST EAGLE GBL | 1.61% | $5M | 110.7K |
| 15 | PGIM ETF TR | PGIM ULTRA SH BD | 1.61% | $5M | 105.1K |
| 16 | STATE STR SPDR S&P 500 ETF T | TR UNIT | 1.54% | $5M | 7.7K |
| 17 | FUNDVANTAGE TR | POLEN HIGH INCOM | 1.51% | $5M | 200.0K |
| 18 | MAMASTERCARD INCORPORATEDhistory → | CL A | 1.40% | $5M | 9.1K |
| 19 | JPMJPMORGAN CHASE & COhistory → | COM | 1.39% | $5M | 15.3K |
| 20 | NVDANVIDIA CORPORATIONhistory → | COM | 1.36% | $4M | 25.2K |
| 21 | JGROJ P MORGAN EXCHANGE TRADED Fhistory → | ACTIVE GROWTH | 1.32% | $4M | 50.4K |
| 22 | VANECK ETF TRUST | MORNINGSTAR SMID | 1.15% | $4M | 105.3K |
| 23 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.92% | $3M | 20.1K |
| 24 | CCORLISTED FDS TR | CORE ALT FD | 0.91% | $3M | 113.0K |
| 25 | VVISA INC | COM CL A | 0.89% | $3M | 9.6K |
| 26 | COSTCOSTCO WHOLESALE CORPORATION | COM | 0.89% | $3M | 2.9K |
| 27 | VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.86% | $3M | 12.9K |
| 28 | TRVCCITIGROUP INC | COM NEW | 0.81% | $3M | 23.1K |
| 29 | PRINCIPAL EXCHANGE TRADED FD | SPECTRUM PFD | 0.81% | $3M | 138.6K |
| 30 | AVGOBROADCOM INC | COM | 0.70% | $2M | 7.3K |
| 31 | FIRST TR EXCHANGE-TRADED FD | NO AMER ENERGY | 0.68% | $2M | 50.6K |
| 32 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 0.58% | $2M | 9.7K |
| 33 | METAMETA PLATFORMS INC | CL A | 0.55% | $2M | 3.1K |
| 34 | CVSCVS HEALTH CORP | COM | 0.49% | $2M | 22.0K |
| 35 | GE AEROSPACE | COM NEW | 0.49% | $2M | 5.5K |
| 36 | TSMTAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 0.45% | $1M | 4.3K |
| 37 | HTDCORCEPT THERAPEUTICS INC | COM | 0.40% | $1M | 32.4K |
| 38 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.39% | $1M | 2.2K |
| 39 | GILDGILEAD SCIENCES INC | COM | 0.39% | $1M | 9.0K |
| 40 | RTXRTX CORPORATION | COM | 0.37% | $1M | 6.2K |
Filing History
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 ↗.