Focused Investors Llc
- Regulatory AUM
- $3.3B
- Discretionary
- $3.3B
- Clients
- 3
- Avg AUM / client
- $1.1B
- Accounts
- 9
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 23 positions, $3,193,124,157)
13F period Mar 31, 2024| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Elevance Health, Inc. | COM | $249,884,426 | 481,900 | 7.83% | 7.6% |
| 2 | The Cigna Group | COM | $205,529,221 | 565,900 | 6.44% | 6.25% |
| 3 | Microsoft Corp. | COM | $202,850,148 | 482,150 | 6.35% | 6.17% |
| 4 | Johnson & Johnson | COM | $193,996,306 | 1,226,350 | 6.08% | 5.9% |
| 5 | United Health Group Inc. | COM | $186,328,755 | 376,650 | 5.84% | 5.67% |
| 6 | Fiserv, Inc. | COM | $181,555,520 | 1,136,000 | 5.69% | 5.52% |
| 7 | Oracle Corporation | COM | $164,517,697 | 1,309,750 | 5.15% | 5.0% |
| 8 | Morgan Stanley | COM | $159,714,192 | 1,696,200 | 5.0% | 4.86% |
| 9 | Fed Ex Corporation | COM | $151,418,124 | 522,600 | 4.74% | 4.61% |
| 10 | The Goldman Sachs Group, Inc. | COM | $146,316,807 | 350,300 | 4.58% | 4.45% |
| 11 | Mc Donald's Corporation | COM | $128,089,885 | 454,300 | 4.01% | 3.9% |
| 12 | Target Corp. | COM | $125,535,564 | 708,400 | 3.93% | 3.82% |
| 13 | Lowe's Companies, Inc. | COM | $122,856,279 | 482,300 | 3.85% | 3.74% |
| 14 | The Walt Disney Company | COM | $120,653,078 | 986,050 | 3.78% | 3.67% |
| 15 | Northrop Grumman Corporation | COM | $108,368,624 | 226,400 | 3.39% | 3.3% |
| 16 | American Express Co. | COM | $107,378,604 | 471,600 | 3.36% | 3.27% |
| 17 | The Tjx Companies, Inc. | COM | $103,144,140 | 1,017,000 | 3.23% | 3.14% |
| 18 | L3 Harris Technologies, Inc. | COM | $101,872,455 | 478,050 | 3.19% | 3.1% |
| 19 | Pepsi Co, Inc. | COM | $101,330,790 | 579,000 | 3.17% | 3.08% |
| 20 | Lockheed Martin Corp. | COM | $96,614,388 | 212,400 | 3.03% | 2.94% |
| 21 | The Home Depot, Inc. | COM | $90,088,460 | 234,850 | 2.82% | 2.74% |
| 22 | Rtx Corporation | COM | $80,593,915 | 826,350 | 2.52% | 2.45% |
| 23 | The Coca Cola Co. | COM | $64,486,779 | 1,054,050 | 2.02% | 1.96% |
Top 25 of 23 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 3 | $1.2B | 35.8% |
| Pension and profit sharing plans | Fewer than 5 clients | $106M | 3.22% |
| Charitable organizations | Fewer than 5 clients | $354M | 10.8% |
| State or municipal government entities | Fewer than 5 clients | $876M | 26.7% |
| Corporations and other businesses | Fewer than 5 clients | $776M | 23.6% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Focused Investors Fund Lp | Other Private Fund | Delaware | $1.2B | 58 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Sealy & Smith Foundation EIN 741109652 | Galveston, TX | 12/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Jpmorgan Chase Retirement Plan Jpmorgan Chase Bank, National Association | 2024 |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bruce Gordon Veaco | Managing Member | Feb 2006 (21y) | 75% or more | |
| Nugroho (Nmn) Soeharto | Managing Member | Mar 2008 (18y) | 25% – 50% | |
| Tecson, Beverly, Canonigo | Chief Operating Officer/Chief Compliance Officer | Jan 2021 (6y) | Less than 5% |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $1.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Focused Investors Fund Lp | Other Private Fund | $1.2B | $5.0M | 58 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Jpmorgan Chase Retirement Plan | Jpmorgan Chase Bank, National Association | 78,270 | $16.1B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Sealy & Smith Foundation | Public charity | $2.3B | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Northern Trust $876M (27% of AUM) Mar 2026
- UBS $776M (24% of AUM) Mar 2026
- Comerica Incorporated $200M (6% of AUM) Mar 2025
- BNY Mellon $198M (6% of AUM) Feb 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗