Focused Investors LLC Long-Term Concentrated

Location: Los Angeles, CA

CIK: 0001426398 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 28, 2026

Total Value: $2.962B (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (2)

MRSH Marsh & McLennan Companies, In 2.3%

Value $67.38M Shares 404,300 Est. Cost $166.67 Unrealized —

ACN Accenture Plc Class A 2.1%

Value $61.27M Shares 492,400 Est. Cost $124.44 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MRSH	Marsh & McLennan Companies, In	404,300	$67.38M	2.3%	$166.67	—	COM	571748102
ACN	Accenture Plc Class A	492,400	$61.27M	2.1%	$124.44	—	COM	G1151C101

Exited Positions (1)

RTX RTX Corporation 3.6%

Value $107M Shares 555,450 Est. Cost $58.86 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RTX	RTX Corporation	555,450	$107M	3.6%	$58.86	—	—	75513E101

Decreased Positions (21)

UNH UnitedHealth Group Inc. 6.2%

Value $184M (+39.1%) Shares 443,500 (-9.4%) Est. Cost $196.32 Unrealized —

NOC Northrop Grumman Corporation 2.8%

Value $81.64M (-32.5%) Shares 160,300 (-9.6%) Est. Cost $300.74 Unrealized —

PEP PepsiCo, Inc. 4.4%

Value $132M (-20.9%) Shares 972,650 (-9.3%) Est. Cost $102.88 Unrealized —

FDX FedEx Corporation 4.5%

Value $133M (-20.3%) Shares 425,000 (-9.4%) Est. Cost $202.10 Unrealized —

CNC Centene Corporation 2.4%

Value $71.75M (+77.7%) Shares 1,117,750 (-9.4%) Est. Cost $59.23 Unrealized —

ELV Elevance Health, Inc. 6.0%

Value $179M (+19.6%) Shares 461,600 (-9.5%) Est. Cost $175.26 Unrealized —

MS Morgan Stanley 7.8%

Value $231M (+14.2%) Shares 1,104,050 (-10.1%) Est. Cost $26.49 Unrealized —

MCD McDonald's Corporation 3.4%

Value $99.42M (-21.5%) Shares 367,800 (-9.7%) Est. Cost $82.55 Unrealized —

LHX L3Harris Technologies, Inc. 2.8%

Value $82.57M (-23.9%) Shares 284,150 (-9.6%) Est. Cost $181.57 Unrealized —

LMT Lockheed Martin Corp. 2.5%

Value $75.35M (-23.5%) Shares 147,900 (-9.3%) Est. Cost $324.64 Unrealized —

TJX The TJX Companies, Inc. 4.2%

Value $125M (-14.3%) Shares 825,300 (-9.6%) Est. Cost $54.44 Unrealized —

GS The Goldman Sachs Group, Inc. 8.3%

Value $247M (+7.6%) Shares 244,000 (-10.0%) Est. Cost $203.85 Unrealized —

DIS The Walt Disney Company 5.4%

Value $160M (-9.8%) Shares 1,664,650 (-9.6%) Est. Cost $96.93 Unrealized —

LOW Lowe's Companies, Inc. 2.9%

Value $86.2M (-16.0%) Shares 390,950 (-10.0%) Est. Cost $191.82 Unrealized —

MSFT Microsoft Corp. 5.5%

Value $162M (-8.8%) Shares 433,700 (-9.5%) Est. Cost $175.73 Unrealized —

CI The Cigna Group 5.8%

Value $173M (-7.4%) Shares 625,900 (-10.4%) Est. Cost $215.04 Unrealized —

JNJ Johnson & Johnson 7.3%

Value $215M (-5.9%) Shares 847,800 (-9.4%) Est. Cost $91.62 Unrealized —

ORCL Oracle Corporation 2.8%

Value $81.74M (-10.0%) Shares 557,750 (-9.6%) Est. Cost $116.24 Unrealized —

GPN Global Payments Inc. 3.2%

Value $94.39M (-2.3%) Shares 1,300,800 (-9.3%) Est. Cost $96.47 Unrealized —

AXP American Express Co. 5.2%

Value $154M (+1.4%) Shares 455,650 (-9.3%) Est. Cost $111.19 Unrealized —

HD The Home Depot, Inc. 2.2%

Value $66.48M (-2.6%) Shares 188,500 (-9.2%) Est. Cost $174.64 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UNH	UnitedHealth Group Inc.	443,500 (-9.4%)	$184M (+39.1%)	6.2%	$196.32	—	COM	91324P102
NOC	Northrop Grumman Corporation	160,300 (-9.6%)	$81.64M (-32.5%)	2.8%	$300.74	—	COM	666807102
PEP	PepsiCo, Inc.	972,650 (-9.3%)	$132M (-20.9%)	4.4%	$102.88	—	COM	713448108
FDX	FedEx Corporation	425,000 (-9.4%)	$133M (-20.3%)	4.5%	$202.10	—	COM	31428X106
CNC	Centene Corporation	1,117,750 (-9.4%)	$71.75M (+77.7%)	2.4%	$59.23	—	COM	15135B101
ELV	Elevance Health, Inc.	461,600 (-9.5%)	$179M (+19.6%)	6.0%	$175.26	—	COM	036752103
MS	Morgan Stanley	1,104,050 (-10.1%)	$231M (+14.2%)	7.8%	$26.49	—	COM	617446448
MCD	McDonald's Corporation	367,800 (-9.7%)	$99.42M (-21.5%)	3.4%	$82.55	—	COM	580135101
LHX	L3Harris Technologies, Inc.	284,150 (-9.6%)	$82.57M (-23.9%)	2.8%	$181.57	—	COM	502431109
LMT	Lockheed Martin Corp.	147,900 (-9.3%)	$75.35M (-23.5%)	2.5%	$324.64	—	COM	539830109
TJX	The TJX Companies, Inc.	825,300 (-9.6%)	$125M (-14.3%)	4.2%	$54.44	—	COM	872540109
GS	The Goldman Sachs Group, Inc.	244,000 (-10.0%)	$247M (+7.6%)	8.3%	$203.85	—	COM	38141G104
DIS	The Walt Disney Company	1,664,650 (-9.6%)	$160M (-9.8%)	5.4%	$96.93	—	COM	254687106
LOW	Lowe's Companies, Inc.	390,950 (-10.0%)	$86.2M (-16.0%)	2.9%	$191.82	—	COM	548661107
MSFT	Microsoft Corp.	433,700 (-9.5%)	$162M (-8.8%)	5.5%	$175.73	—	COM	594918104
CI	The Cigna Group	625,900 (-10.4%)	$173M (-7.4%)	5.8%	$215.04	—	COM	125523100
JNJ	Johnson & Johnson	847,800 (-9.4%)	$215M (-5.9%)	7.3%	$91.62	—	COM	478160104
ORCL	Oracle Corporation	557,750 (-9.6%)	$81.74M (-10.0%)	2.8%	$116.24	—	COM	68389X105
GPN	Global Payments Inc.	1,300,800 (-9.3%)	$94.39M (-2.3%)	3.2%	$96.47	—	COM	37940X102
AXP	American Express Co.	455,650 (-9.3%)	$154M (+1.4%)	5.2%	$111.19	—	COM	025816109
HD	The Home Depot, Inc.	188,500 (-9.2%)	$66.48M (-2.6%)	2.2%	$174.64	—	COM	437076102