Focus Partners Wealth

New 13F: Q3 2026

Focus Partners Wealth filed its 13F for the quarter ended Sep 30, 2026 on Nov 12, 2026: $23.2B in AI and semiconductor stocks; $853.6M bought and $380.3M sold against its previous quarter, at the quarter's prices.

• added to NVIDIA (NVDA): +$152.2M at the quarter's price
• added to Analog Devices (ADI): +$103.9M at the quarter's price
• added to Hubbell (HUBB): +$82.6M at the quarter's price
• added to Astera Labs (ALAB): +$70.4M at the quarter's price
• added to Meta Platforms (META): +$64.6M at the quarter's price
• added to Carrier (CARR): +$57.9M at the quarter's price
• trimmed Salesforce (CRM): -$42.4M at the quarter's price
• added to SpaceX (SPCX): +$41.2M at the quarter's price
• trimmed Alphabet (GOOGL): -$40.8M at the quarter's price
• added to Apple (AAPL): +$35.6M at the quarter's price

Focus Partners Wealth declares $21.9B in 166 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 22.4% of its $97.6B 13F portfolio. Largest positions: Apple (0.07% of the company) and Alphabet (0.07% of the company). It is a private wealth platform: it holds shares for many client accounts, so its trades are left out of the quarter's moves on /holders. Over time: $21.9B in 166 of these companies for Q2 2026, against $1.1B in 70 for Q4 2023 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $346.7M and sold $3.1B of these stocks, at the quarter's prices: a net sale of $2.7B; 17 new positions and 9 sold out.

Performance of its AI picks

The AI-stock portfolio Focus Partners Wealth declared for Q2 2026 (Form 13F), held unchanged, returned +4.1% in Q3 2026 (SMH -7.1%). Over the last 12 months, quarter after quarter: +33.5% (SMH +87.2%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Apple (AAPL): $2.9B, 10.0M shares, 0.07% of the company, 3.0% of its portfolio (trimmed this quarter); held since Q4 2023
2. Alphabet (GOOGL): $2.9B, 8.1M shares, 0.07% of the company, 3.0% of its portfolio (trimmed this quarter); held since Q4 2023
3. NVIDIA (NVDA): $2.5B, 12.4M shares, 0.05% of the company, 2.5% of its portfolio (added this quarter); held since Q4 2023
4. Microsoft (MSFT): $1.9B, 5.1M shares, 0.07% of the company, 1.9% of its portfolio (trimmed this quarter); held since Q4 2023
5. Amazon (AMZN): $1.6B, 6.8M shares, 0.06% of the company, 1.7% of its portfolio (trimmed this quarter); held since Q4 2023
6. Broadcom (AVGO): $1.0B, 2.7M shares, 0.06% of the company, 1.0% of its portfolio (trimmed this quarter); held since Q4 2023
7. AMD (AMD): $789.8M, 1.4M shares, 0.08% of the company, 0.81% of its portfolio (trimmed this quarter); held since Q4 2023
8. Lam Research (LRCX): $711.8M, 1.6M shares, 0.13% of the company, 0.73% of its portfolio (trimmed this quarter); held since Q4 2023
9. Meta Platforms (META): $631.9M, 1.1M shares, 0.04% of the company, 0.65% of its portfolio (trimmed this quarter); held since Q4 2023
10. Micron (MU): $442.7M, 383,743 shares, 0.03% of the company, 0.45% of its portfolio (trimmed this quarter); held since Q4 2023
11. KLA (KLAC): $386.5M, 1.3M shares, 0.10% of the company, 0.40% of its portfolio (trimmed this quarter); held since Q4 2023
12. Cisco (CSCO): $321.3M, 2.7M shares, 0.07% of the company, 0.33% of its portfolio (trimmed this quarter); held since Q4 2023
13. Caterpillar (CAT): $303.6M, 285,159 shares, 0.06% of the company, 0.31% of its portfolio (trimmed this quarter); held since Q4 2023
14. Keysight Technologies (KEYS): $299.7M, 856,240 shares, 0.50% of the company, 0.31% of its portfolio (trimmed this quarter); held since Q4 2023
15. Applied Materials (AMAT): $298.7M, 412,982 shares, 0.05% of the company, 0.31% of its portfolio (trimmed this quarter); held since Q4 2023

By sector

• Cloud & AI giants: $9.9B, 45% of its AI holdings, 6 companies
• Chips & compute: $5.2B, 24% of its AI holdings, 24 companies
• Equipment & test: $2.0B, 9% of its AI holdings, 19 companies
• Power, electrical & cooling: $1.6B, 7% of its AI holdings, 40 companies
• AI software: $1.0B, 5% of its AI holdings, 25 companies
• Memory & storage: $738.6M, 3% of its AI holdings, 6 companies
• Interconnect: $578.8M, 3% of its AI holdings, 9 companies
• Optics: $361.5M, 2% of its AI holdings, 6 companies
• Neoclouds & data centers: $307.8M, 1% of its AI holdings, 21 companies
• Servers & systems: $193.7M, 1% of its AI holdings, 10 companies

Biggest changes this quarter

• trimmed AMD (AMD): -$766.1M at the quarter's price
• trimmed Lam Research (LRCX): -$382.4M at the quarter's price
• trimmed Alphabet (GOOGL): -$298.3M at the quarter's price
• trimmed Broadcom (AVGO): -$210.2M at the quarter's price
• trimmed Amazon (AMZN): -$200.0M at the quarter's price
• trimmed Keysight Technologies (KEYS): -$186.2M at the quarter's price
• trimmed Astera Labs (ALAB): -$148.4M at the quarter's price
• trimmed Micron (MU): -$105.0M at the quarter's price
• trimmed Microsoft (MSFT): -$87.2M at the quarter's price
• trimmed Seagate (STX): -$77.3M at the quarter's price

Other holders of this size

• BROWN ADVISORY INC: $21.7B in 128 of these companies
• TORONTO DOMINION BANK: $22.0B in 132 of these companies
• Qube Research & Technologies Ltd: $21.5B in 137 of these companies
• Caisse de depot et placement du Quebec: $22.9B in 99 of these companies
• 1832 Asset Management L.P.: $21.3B in 95 of these companies
• MACKENZIE FINANCIAL CORP: $23.0B in 157 of these companies
• Boston Partners: $21.1B in 69 of these companies
• HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND: $23.1B in 153 of these companies

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