Focus Partners Wealth

Diversified strategyMomentum followerLong-term holder

Total reported value

$89.9B

Reporting period: 2026-03-31 · Number of holdings: 2644

Focus Partners Wealth disclosed 2644 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $89.9B and a quarterly turnover rate of 15.1%.

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Personality snowflake

Concentration: 2.81
Portfolio Stability: 15.11
Momentum/Contrarian: 94.57
Sector conviction: 49.87
Diversification: 100
Sizing Uniformity: 58.05

Recent moves

Trim VGT
-50.2%　-$530.5M
Trim IWF
-29.7%　-$332.6M
Trim XLF
-32.4%　-$264.9M
Add VRSK
+3687.3%　$266.4M
Trim SMH
-87.5%　-$232.7M
Trim MSFT
+19.9%　-$176.9M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Focus Partners Wealth is rotating capital out of passive sector ETFs—VGT, IWF, XLF, SMH, XLK—and into concentrated single-name bets like LRCX, MSFT, and VRSK. This is a deliberate shift from beta harvesting to idiosyncratic alpha extraction, betting that stock-specific dispersion will outperform the cap-weighted index rally.

Macro & Fundamentals

The macro regime bet embedded here is one of decelerating factor returns, where the easy gains from passive momentum are exhausted and only individual winners in semiconductor equipment and data analytics justify their valuations. The opposing thesis: this rotation misses a liquidity-fueled broad market advance that lifts all tech and financials, leaving the portfolio exposed to the exact names that will lag in a risk-on surge.

Blind Spots / Risks

Focus Partners Wealth's structural vulnerability is a momentum factor double-load: its 94.6 momentum score sits on top of active additions to recent winners like LRCX and VRSK, creating an extreme concentration in factor continuity. With turnover at 15% and 2,644 holdings, the portfolio cannot unwind quickly if mean reversion strikes, making it a sitting duck for a momentum crash.

The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AAPL	Apple INC	Stock-Tech	2.83%	—	+5.42%
2	NVDA	Nvidia CORP	Stock-Tech	2.35%	—	+6.04%
3	MSFT	Microsoft CORP	Stock-Tech	2.19%	-0.26%	+19.93%
4	XLK	Ss Technology Select Sector	ETF-Tech	1.92%	-0.23%	-1.08%
5	DFAC	Dimensional US Core Equity 2	ETF-Other	1.85%	—	-0.28%
6	AMZN	Amazon.com INC	Stock-Consumer Disc	1.78%	—	+11.44%
7	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	1.78%	-0.12%	+0.37%
8	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	1.63%	-0.20%	-14.86%
9	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	1.60%	—	+5.13%
10	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	1.54%	+0.11%	+18.59%
11	GOOG	Alphabet Inc-cl C	Stock-Comm Services	1.33%	-0.21%	-4.25%
12	EQTY	Kovitz Core Equity ETF	ETF-Other	1.26%	-0.13%	-1.05%
13	AVGO	Broadcom INC	Stock-Tech	1.11%	+0.08%	+23.49%
14	ITOT	Ishares Core S&p Total U.s.	ETF-Other	1.06%	—	+8.71%
15	BSVO	EA Bridgeway Omni Sm-Cp Val	ETF-Other	1.05%	+0.08%	+2.44%
16	JPM	Jpmorgan Chase & Co	Stock-Financials	1.02%	—	+3.32%
17	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	0.98%	—	+7.70%
18	VTV	Vanguard Value ETF	ETF-Other	0.93%	—	-0.68%
19	VGIT	Vanguard Intermediate-term T	ETF-Other	0.92%	+0.06%	+10.12%
20	DFAT	Dimensional US Target Value	ETF-Other	0.91%	—	-1.05%
21	DUHP	Dimensional US High Profi Et	ETF-Other	0.85%	—	+5.61%
22	AVUV	Avantis US Small Cap Value	ETF-Small Cap	0.82%	+0.06%	+1.89%
23	DFIV	Dimensional International Va	ETF-Other	0.80%	—	-2.04%
24	DFUV	Dimensional US Marketwide Va	ETF-Other	0.79%	—	-0.49%
25	IWB	Ishares Russell 1000 ETF	ETF-Other	0.77%	—	-1.14%
26	META	Meta Platforms Inc-class A	Stock-Comm Services	0.77%	-0.15%	-1.70%
27	DFUS	Dimensional US Eq Mkt ETF	ETF-Other	0.74%	—	+0.85%
28	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.71%	—	+3.75%
29	IXUS	Ishares Core Intl Stock ETF	ETF-Other	0.67%	—	+4.97%
30	V	Visa Inc-class A Shares	Stock-Financials	0.65%	+0.15%	+56.61%
31	IWF	Ishares Russell 1000 Growth	ETF-Other	0.63%	-0.40%	-29.69%
32	TMO	Thermo Fisher Scientific INC	Stock-Healthcare	0.62%	—	+20.77%
33	DISV	Dimensional International Sm	ETF-Other	0.61%	—	+0.96%
34	AMD	Advanced Micro Devices	Stock-Tech	0.61%	+0.15%	+41.30%
35	LRCX	Lam Research CORP	Stock-Tech	0.60%	+0.21%	+23.40%
36	XLC	Ss Comm Select Sector Spdr	ETF-Other	0.60%	—	-1.62%
37	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.59%	—	+5.18%
38	DIHP	Dimensional International Hi	ETF-Other	0.57%	—	+7.08%
39	XOM	Exxon Mobil CORP	Stock-Energy	0.56%	+0.16%	+0.66%
40	JAAA	Janus Henderson Aaa Clo ETF	ETF-Other	0.53%	+0.06%	+13.58%
41	QUAL	Ishares Msci USA Quality Fac	ETF-Other	0.51%	—	+0.56%
42	ICE	Intercontinental Exchange In	Stock-Financials	0.51%	+0.10%	+31.21%
43	XLV	Ss Health Care Select Sector	ETF-Other	0.50%	—	-0.54%
44	VGT	Vanguard Info Tech ETF	ETF-Tech	0.50%	-0.61%	-50.20%
45	AVDV	Avantis Intl S/c Value ETF	ETF-Other	0.49%	—	+6.24%
46	PEP	Pepsico INC	Stock-Consumer Staples	0.48%	+0.16%	+41.46%
47	WMT	Walmart INC	Stock-Consumer Staples	0.47%	—	-3.85%
48	XLF	Ss Financial Select Sector	ETF-Other	0.46%	-0.31%	-32.41%
49	KEYS	Keysight Technologies In	Stock-Tech	0.44%	+0.11%	-1.29%
50	JNJ	Johnson & Johnson	Stock-Healthcare	0.44%	+0.07%	+0.27%

1–50 of 2,644

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	2644	$89.9B	15	1AAPL 2NVDA 3MSFT Top holdings2026-03-31 1.AAPL 2.NVDA 3.MSFT 4.XLK 5.DFAC 6.AMZN 7.VOO 8.SPY 9.IVV 10.GOOGL
2025-12-31	2645	$87.7B	40	1AAPL 2MSFT 3NVDA Top holdings2025-12-31 1.AAPL 2.MSFT 3.NVDA 4.XLK 5.DFAC 6.VOO 7.SPY 8.AMZN 9.IVV 10.GOOG
2025-09-30	2200	$62.0B	46	1XLK 2AAPL 3DFAC Top holdings2025-09-30 1.XLK 2.AAPL 3.DFAC 4.VOO 5.MSFT 6.SPY 7.IVV 8.NVDA 9.AMZN 10.BSVO
2025-06-30	2028	$46.2B	0	1DFAC 2MSFT 3AAPL Top holdings2025-06-30 1.DFAC 2.MSFT 3.AAPL 4.AMZN 5.VOO 6.NVDA 7.SPY 8.DFAT 9.JPM 10.ITOT
2025-03-31	1898	$39.9B	17	1DFAC 2AAPL 3MSFT Top holdings2025-03-31 1.DFAC 2.AAPL 3.MSFT 4.AMZN 5.VOO 6.DFAT 7.DFUV 8.BSVO 9.ITOT 10.JPM
2024-12-31	1893	$38.5B	0	1AAPL 2DFAC 3MSFT Top holdings2024-12-31 1.AAPL 2.DFAC 3.MSFT 4.AMZN 5.VOO 6.DFAT 7.BSVO 8.DFUV 9.ITOT 10.GOOG
2024-09-30	1567	$31.4B	0	1DFAC 2AAPL 3MSFT Top holdings2024-09-30 1.DFAC 2.AAPL 3.MSFT 4.VOO 5.DFAT 6.BSVO 7.DFUV 8.ITOT 9.DFUS 10.DFIV
2024-06-30	1635	$29.7B	0	1MSFT 2VOO 3AAPL Top holdings2024-06-30 1.MSFT 2.VOO 3.AAPL 4.AMZN 5.IVV 6.IWB 7.IWF 8.GOOG 9.PG 10.SPY
2024-03-31	981	$12.3B	0	1MSFT 2VOO 3IXUS Top holdings2024-03-31 1.MSFT 2.VOO 3.IXUS 4.AAPL 5.BRK-A 6.QUS 7.IWF 8.IWB 9.IVV 10.JPM
2023-12-31	774	$7.6B	0	1VOO 2IXUS 3MSFT Top holdings2023-12-31 1.VOO 2.IXUS 3.MSFT 4.BRK-A 5.QUS 6.AAPL 7.IWB 8.VTI 9.VIG 10.GOOGL

Holding changes this quarter

Focus Partners Wealth's most significant position changes for 2026-03-31: New buy: Sunbelt Rentals Holdings INC (SUNB); Trim: Vanguard Info Tech ETF (VGT) — shares -50.20%; Trim: Ishares Russell 1000 Growth (IWF) — shares -29.69%; Trim: Ss Financial Select Sector (XLF) — shares -32.41%; Add: Verisk Analytics INC (VRSK) — shares +3687.34%.

Position changes disclosed by Focus Partners Wealth for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VRSK	Verisk Analytics INC	+0.3%	+3687.34%	Add
2	LRCX	Lam Research CORP	+0.2%	+23.40%	Add
3	XLE	Ss Energy Select Sector	+0.2%	+360.18%	Add
4	PH	Parker Hannifin CORP	+0.2%	+78.63%	Add
5	APO	Apollo Global Management INC	+0.2%	+131.70%	Add
6	PEP	Pepsico INC	+0.2%	+41.46%	Add
7	XOM	Exxon Mobil CORP	+0.2%	+0.66%	Add
8	V	Visa Inc-class A Shares	+0.2%	+56.61%	Add
9	AMD	Advanced Micro Devices	+0.2%	+41.30%	Add
10	SCHG	Schwab US Large-cap Growth	+0.1%	+84.00%	Add
11	AJG	Arthur J Gallagher & Co	+0.1%	+114.15%	Add
12	GOOGL	Alphabet Inc-cl A	+0.1%	+18.59%	Add
13	KEYS	Keysight Technologies In	+0.1%	-1.29%	Trim
14	ZBRA	Zebra Technologies Corp-cl A	+0.1%	+108.69%	Add
15	CSL	Carlisle Cos INC	+0.1%	+135.52%	Add
16	CVX	Chevron CORP	+0.1%	+2.49%	Add
17	CARR	Carrier Global CORP	+0.1%	+1301.97%	Add
18	ICE	Intercontinental Exchange In	+0.1%	+31.21%	Add
19	LOW	Lowe's Cos INC	+0.1%	+38.73%	Add
20	BX	Blackstone INC	+0.1%	+89.59%	Add
21	BSVO	EA Bridgeway Omni Sm-Cp Val	+0.1%	+2.44%	Add
22	AVGO	Broadcom INC	+0.1%	+23.49%	Add
23	XLU	St Sr Utl Sl Se Spdr Etf-usd	+0.1%	+61.46%	Add
24	PNC	Pnc Financial Services Group	+0.1%	+50.96%	Add
25	BLDR	Builders Firstsource INC	+0.1%	+140.12%	Add
26	JNJ	Johnson & Johnson	+0.1%	+0.27%	Add
27	VGIT	Vanguard Intermediate-term T	+0.1%	+10.12%	Add
28	AVUV	Avantis US Small Cap Value	+0.1%	+1.89%	Add
29	ABT	Abbott Laboratories	+0.1%	+59.87%	Add
30	ACN	Accenture plc	+0.1%	+68.99%	Add
31	JAAA	Janus Henderson Aaa Clo ETF	+0.1%	+13.58%	Add
32	MINT	Pimco Enhanced Short Maturit	+0.1%	+49.82%	Add
33	QCOM	Qualcomm INC	-0.1%	-1.11%	Trim
34	AXP	American Express Co	-0.1%	-28.20%	Trim
35	NU	Nu Holdings Ltd.	-0.1%	-53.97%	Trim
36	CRM	Salesforce INC	-0.1%	+5.78%	Add
37	DLTR	Dollar Tree INC	-0.1%	-83.33%	Trim
38	MA	Mastercard INC - A	-0.1%	-3.27%	Trim
39	VOO	Vanguard S&p 500 ETF	-0.1%	+0.37%	Add
40	EQTY	Kovitz Core Equity ETF	-0.1%	-1.05%	Trim
41	META	Meta Platforms Inc-class A	-0.2%	-1.70%	Trim
42	SPY	Ss Spdr S&p 500 ETF Trust-us	-0.2%	-14.86%	Trim
43	GOOG	Alphabet Inc-cl C	-0.2%	-4.25%	Trim
44	XLK	Ss Technology Select Sector	-0.2%	-1.08%	Trim
45	MSFT	Microsoft CORP	-0.3%	+19.93%	Add
46	SMH	Vaneck Semiconductor ETF	-0.3%	-87.47%	Trim
47	XLF	Ss Financial Select Sector	-0.3%	-32.41%	Trim
48	IWF	Ishares Russell 1000 Growth	-0.4%	-29.69%	Trim
49	VGT	Vanguard Info Tech ETF	-0.6%	-50.20%	Trim
50	SUNB	Sunbelt Rentals Holdings INC	—	NEW	New buy

FAQ

What is Focus Partners Wealth and what type of investor is it?

Focus Partners Wealth is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $89.9B, spread across 2644 disclosed positions.

What are Focus Partners Wealth's largest equity positions?

Based on the latest 13F filing, Focus Partners Wealth's top holdings by market value are: 1. Apple INC (AAPL) — $2.5B (2.8%) 2. Nvidia CORP (NVDA) — $2.1B (2.4%) 3. Microsoft CORP (MSFT) — $2.0B (2.2%) 4. Ss Technology Select Sector (XLK) — $1.7B (1.9%) 5. Dimensional US Core Equity 2 (DFAC) — $1.7B (1.9%)

What changes did Focus Partners Wealth make in its most recent portfolio filing?

In the latest reported quarter, Focus Partners Wealth made 50 notable position adjustments: 1 new positions were initiated, 34 existing holdings were added to, 15 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Sunbelt Rentals Holdings INC (SUNB); Trim: Vanguard Info Tech ETF (VGT) — shares -50.20%; Trim: Ishares Russell 1000 Growth (IWF) — shares -29.69%; Trim: Ss Financial Select Sector (XLF) — shares -32.41%; Add: Verisk Analytics INC (VRSK) — shares +3687.34%

What sectors does Focus Partners Wealth focus on?

Focus Partners Wealth is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 31.2% • Financials: 16.4% • Industrials: 10.8% • Health Care: 9.0% • Consumer Discretionary: 8.9% • Communication Services: 8.9%