Vault-13

FOCUS FINL PARTNERS INC FOCS

COM CL A · Common Stock · CUSIP 34417P100

231 institutional holders +52 vs Q4 2022
72,119,49772.1m shares reported held*
$3.8bnreported value*
76 new 45 added 67 reduced 24 sold out net sold ≈ $96.4m (-2.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.14. Options: 8 managers hold calls ($20.6m notional), 6 hold puts ($1.8m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 198Q4 22: 179Q1 23: 231231Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022198
Q4 2022179
Q1 2023231

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 76 bought or addedQ4 22: 97 cut or sold outQ4 22Q1 23: 121 bought or addedQ1 23: 91 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227697
Q1 202312191

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30mQ3 22 calls: $3.3mQ3 22 puts: $2.0mQ3 22P/C 0.62Q4 22 calls: $4.2mQ4 22 puts: $1.4mQ4 22P/C 0.34Q1 23 calls: $20.6mQ1 23 puts: $1.8mQ1 23P/C 0.09
Numbers
QuarterCallsPutsP/C
Q3 2022$3.3m$2.0m0.62
Q4 2022$4.2m$1.4m0.34
Q1 2023$20.6m$1.8m0.09

Biggest buyers

FIL Ltd New +2,380,000+2.4m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) New +1,368,000+1.4m
Magnetar Financial LLC New +1,300,892+1.3m
Pentwater Capital Management LP New +1,273,246+1.3m
GLAZER CAPITAL, LLC New +1,083,377+1.1m
HBK INVESTMENTS L P New +1,072,644+1.1m
P SCHOENFELD ASSET MANAGEMENT LP New +723,619+723.6k
GOLDMAN SACHS GROUP INC Added +694,768+694.8k
WATER ISLAND CAPITAL LLC New +690,426+690.4k
Capital World Investors Added +641,100+641.1k

Biggest sellers

WASATCH ADVISORS LP Reduced -6,693,008-6.7m
JPMORGAN CHASE & CO Reduced -2,526,474-2.5m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Sold out -2,171,166-2.2m
FMR LLC Reduced -1,798,635-1.8m
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP Reduced -1,680,741-1.7m
TimesSquare Capital Management, LLC Reduced -855,400-855.4k
PRINCIPAL FINANCIAL GROUP INC Reduced -652,047-652.0k
Invesco Ltd. Reduced -517,326-517.3k
WCM INVESTMENT MANAGEMENT, LLC Reduced -507,787-507.8k
MACQUARIE GROUP LTD Reduced -433,338-433.3k

Biggest calls

Fort Baker Capital Management LP New $18.0m346.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.3m25.4k shares
CITADEL ADVISORS LLC Reduced $482.4k9.3k shares
JANE STREET GROUP, LLC New $311.2k6.0k shares
WOLVERINE TRADING, LLC New $311.0k6.0k shares
Walleye Trading LLC Reduced $124.5k2.4k shares
SIMPLEX TRADING, LLC Reduced $20.0k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $606.9k11.7k shares
Verition Fund Management LLC New $518.7k10.0k shares
CITADEL ADVISORS LLC Reduced $389.0k7.5k shares
Walleye Trading LLC Reduced $233.4k4.5k shares
SIMPLEX TRADING, LLC Added $72.0k1.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STONE POINT CAPITAL LLC 39.19% of their portfolio GREENWICH, CT 16,048,97516.0m $832.5m $832.5m 39.19% Unchanged
2 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 6,092,4026.1m $316.0m $316.0m 0.07% Added +641.1k +641,100
3 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 4,936,6544.9m $256.1m $256.1m 0.01% Reduced -148.8k -148,823
4 BlackRock Inc. 0.01% of their portfolio New York, NY 3,847,7833.8m $199.6m $199.6m 0.01% Added +72.8k +72,755
5 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 2,634,0962.6m $136.6m $136.6m 0.02% Reduced -2.5m -2,526,474
6 FIL Ltd 0.14% of their portfolio HAMILTON, D0 2,380,0002.4m $123.5m $123.5m 0.14% New
7 MACQUARIE GROUP LTD 0.11% of their portfolio Sydney, NSW 2000, C3 1,860,9351.9m $96.5m $96.5m 0.11% Reduced -433.3k -433,338
8 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 1.69% of their portfolio CHICAGO, IL 1,368,0001.4m $71.0m $71.0m 1.69% New
9 Magnetar Financial LLC 1.32% of their portfolio EVANSTON, IL 1,300,8921.3m $67.5m $67.5m 1.32% New
10 Pentwater Capital Management LP 1.10% of their portfolio Naples, FL 1,273,2461.3m $66.0m $66.0m 1.10% New
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,251,8431.3m $64.9m $64.9m 0.00% Added +28.9k +28,903
12 FMR LLC 0.00% of their portfolio BOSTON, MA 1,172,7021.2m $60.8m $60.8m 0.00% Reduced -1.8m -1,798,635
13 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,123,9381.1m $58.3m $58.3m 0.01% Added +38.2k +38,214
14 GLAZER CAPITAL, LLC 3.08% of their portfolio New York, NY 1,083,3771.1m $56.2m $56.2m 3.08% New
15 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,078,3491.1m $55.9m $55.9m 0.02% Added +694.8k +694,768
16 HBK INVESTMENTS L P 2.02% of their portfolio DALLAS, TX 1,072,6441.1m $55.6m $55.6m 2.02% New
17 PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio DES MOINES, IA 996,282996.3k $51.7m $51.7m 0.04% Reduced -652.0k -652,047
18 DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP 3.34% of their portfolio GREENBRAE, CA 857,035857.0k $44.5m $44.5m 3.34% Reduced -1.7m -1,680,741
19 P SCHOENFELD ASSET MANAGEMENT LP 3.95% of their portfolio NEW YORK, NY 723,619723.6k $37.5m $37.5m 3.95% New
20 WATER ISLAND CAPITAL LLC 2.90% of their portfolio NEW YORK, NY 690,426690.4k $35.8m $35.8m 2.90% New
21 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 663,997664.0k $34.4m $34.4m 0.01% Reduced -67.3k -67,276
22 WASATCH ADVISORS LP 0.20% of their portfolio SALT LAKE CITY, UT 628,322628.3k $32.6m $32.6m 0.20% Reduced -6.7m -6,693,008
23 ALPINE ASSOCIATES MANAGEMENT INC. 1.58% of their portfolio PALM BEACH, FL 572,000572.0k $29.7m $29.7m 1.58% New
24 SOROS FUND MANAGEMENT LLC 0.55% of their portfolio NEW YORK, NY 558,461558.5k $29.0m $29.0m 0.55% Reduced -57.1k -57,150
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 555,657555.7k $28.8m $28.8m 0.00% Added +348.4k +348,437
26 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 541,592541.6k $28.1m $28.1m 0.01% Reduced -290.8k -290,780
27 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 522,222522.2k $27.1m $27.1m 0.03% Added +474.1k +474,068
28 WCM INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio LAGUNA BEACH, CA 521,106521.1k $27.0m $27.0m 0.09% Reduced -507.8k -507,787
29 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 517,039517.0k $26.8m $26.8m 0.01% Added +7.6k +7,598
30 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 513,828513.8k $26.7m $26.7m 0.01% Reduced -517.3k -517,326
31 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 494,936494.9k $25.7m $25.7m 0.02% Reduced -257.2k -257,219
32 Swedbank AB 0.05% of their portfolio STOCKHOLM, V7 492,000492.0k $25.5m $25.5m 0.05% Reduced -338.8k -338,800
33 Man Group plc 0.08% of their portfolio LONDON, X0 438,783438.8k $22.8m $22.8m 0.08% New
34 AQR Arbitrage LLC 0.68% of their portfolio Greenwich, CT 430,012430.0k $22.3m $22.3m 0.68% New
35 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio TORONTO, A6 423,100423.1k $21.9m $21.9m 0.12% New
36 LOOMIS SAYLES & CO L P 0.04% of their portfolio BOSTON, MA 416,248416.2k $21.6m $21.6m 0.04% Reduced -430.4k -430,385
37 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 409,233409.2k $21.2m $21.2m 0.00% Added +135.7k +135,701
38 TIG Advisors, LLC 1.54% of their portfolio New York, NY 381,144381.1k $19.8m $19.8m 1.54% New
39 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 370,722370.7k $19.2m $19.2m 0.02% Reduced -134.3k -134,277
40 New York Life Investment Management LLC 0.21% of their portfolio New York, NY 365,387365.4k $19.0m $19.0m 0.21% New
41 Balyasny Asset Management L.P. 0.06% of their portfolio Chicago, IL 364,441364.4k $18.9m $18.9m 0.06% Added +310.5k +310,487
42 BARDIN HILL MANAGEMENT PARTNERS LP 4.47% of their portfolio NEW YORK, NY 347,275347.3k $18.0m $18.0m 4.47% New
43 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 328,588328.6k $17.0m $17.0m 0.02% Added +277.7k +277,690
44 Relative Value Partners Group, LLC 0.58% of their portfolio NORTHBROOK, IL 325,150325.1k $16.9m $16.9m 0.58% Added +162.5k +162,475
45 Cassaday & Co Wealth Management LLC 0.67% of their portfolio MCLEAN, VA 300,951301.0k $15.6m $15.6m 0.67% Unchanged
46 GABELLI FUNDS LLC 0.11% of their portfolio Rye, NY 282,520282.5k $14.7m $14.7m 0.11% Added +259.0k +259,020
47 First Trust Capital Management L.P. 0.62% of their portfolio CHICAGO, IL 278,807278.8k $14.5m $14.5m 0.62% New
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 274,401274.4k $14.2m $14.2m 0.00% Reduced -23.9k -23,925
49 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 243,333243.3k $12.6m $12.6m 0.02% New
50 Hudson Bay Capital Management LP 0.07% of their portfolio STAMFORD, CT 241,206241.2k $12.5m $12.5m 0.07% New
51 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 225,753225.8k $11.7m $11.7m 0.07% New
52 Berry Street Capital Management LLP 4.09% of their portfolio LONDON, X0 225,000225.0k $11.7m $11.7m 4.09% New
53 TOKIO MARINE ASSET MANAGEMENT CO LTD 0.79% of their portfolio Tokyo, M0 218,800218.8k $11.3m $11.3m 0.79% New
54 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 217,625217.6k $11.3m $11.3m 0.01% Added +169.4k +169,441
55 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 213,798213.8k $11.1m $11.1m 0.02% New
56 NORGES BANK 0.00% of their portfolio OSLO, Q8 211,446211.4k $11.0m $11.0m 0.00% Added +87.3k +87,300
57 CI INVESTMENTS INC. 0.05% of their portfolio TORONTO, Z4 204,613204.6k $10.6m $10.6m 0.05% Reduced -327.6k -327,560
58 GABELLI & Co INVESTMENT ADVISERS, INC. 1.98% of their portfolio Rye, NY 198,800198.8k $10.3m $10.3m 1.98% New
59 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 196,732196.7k $10.2m $10.2m 0.00% Added +127.6k +127,565
60 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 193,064193.1k $10.0m $10.0m 0.01% Reduced -221.0k -220,990
61 Woodline Partners LP 0.14% of their portfolio San Francisco, CA 192,699192.7k $10.0m $10.0m 0.14% New
62 DLD Asset Management, LP 0.97% of their portfolio NEW YORK, NY 186,500186.5k $9.7m $9.7m 0.97% New
63 Westchester Capital Management, LLC 0.28% of their portfolio VALHALLA, NY 171,910171.9k $8.9m $8.9m 0.28% New
64 JCP Investment Management, LLC 6.14% of their portfolio HOUSTON, TX 168,000168.0k $8.7m $8.7m 6.14% New
65 Ergoteles LLC 0.33% of their portfolio NEW YORK, NY 164,994165.0k $8.6m $8.6m 0.33% Added +159.0k +158,994
66 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 160,573160.6k $8.3m $8.3m 0.00% Reduced -22.9k -22,901
67 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 147,284147.3k $7.6m $7.6m 0.02% Reduced -183.2k -183,158
68 Phocas Financial Corp. 1.09% of their portfolio ALAMEDA, CA 146,933146.9k $7.6m $7.6m 1.09% Reduced -64.4k -64,437
69 PEREGRINE CAPITAL MANAGEMENT LLC 0.22% of their portfolio MINNEAPOLIS, MN 145,573145.6k $7.6m $7.6m 0.22% Reduced -66.3k -66,274
70 WINSLOW ASSET MANAGEMENT INC 1.74% of their portfolio BEACHWOOD, OH 143,494143.5k $7.4m $7.4m 1.74% Reduced -71.6k -71,578
71 UBS Group AG 0.00% of their portfolio ZURICH, V8 138,646138.6k $7.2m $7.2m 0.00% Added +118.3k +118,317
72 NBW CAPITAL LLC 1.74% of their portfolio BOSTON, MA 137,816137.8k $7.1m $7.1m 1.74% Reduced -4.0k -3,987
73 Swiss National Bank 0.00% of their portfolio ZURICH, V8 127,900127.9k $6.6m $6.6m 0.00% Reduced -14.4k -14,400
74 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 123,793123.8k $6.4m $6.4m 0.02% New
75 BUCKINGHAM STRATEGIC WEALTH, LLC 0.08% of their portfolio CLAYTON, MO 119,092119.1k $4.4m $4.4m 0.08% Unchanged
76 RAMIUS ADVISORS LLC 6.60% of their portfolio NEW YORK, NY 115,588115.6k $6.0m $6.0m 6.60% New
77 Kellner Capital, LLC 7.92% of their portfolio NEW YORK, NY 109,500109.5k $5.7m $5.7m 7.92% New
78 Asset Advisors Investment Management, LLC 0.73% of their portfolio AUGUSTA, GA 108,000108.0k $5.6m $5.6m 0.73% Reduced -1.0k -1,000
79 NorthCoast Asset Management LLC 0.10% of their portfolio STAMFORD, CT 106,200106.2k $5.5m $5.5m 0.10% Added +88.6k +88,600
80 Quadrant Private Wealth Management, LLC 1.56% of their portfolio Center Valley, PA 96,71896.7k $5.0m $5.0m 1.56% Unchanged
81 Centiva Capital, LP 0.24% of their portfolio New York, NY 85,00085.0k $4.4m $4.4m 0.24% New
82 Fiduciary Group, LLC 0.54% of their portfolio SAVANNAH, GA 80,70080.7k $4.2m $4.2m 0.54% Reduced -22.6k -22,600
83 Alberta Investment Management Corp 0.04% of their portfolio EDMONTON, A0 80,00080.0k $4.1m $4.1m 0.04% New
84 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 78,76178.8k $4.1m $4.1m 0.01% Added +4.3k +4,255
85 Ewing Morris & Co. Investment Partners Ltd. 3.22% of their portfolio TORONTO, Z4 78,66078.7k $4.1m $4.1m 3.22% Reduced -160.9k -160,911
86 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 78,60078.6k $4.1m $4.1m 0.01% New
87 EHP Funds Inc. 0.85% of their portfolio TORONTO, Z4 74,24974.2k $3.9m $3.9m 0.85% New
88 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 73,66373.7k $3.8m $3.8m 0.01% Reduced -751 -751
89 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 72,03172.0k $3.7m $3.7m 0.00% Added +38.1k +38,129
90 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 70,78570.8k $3.7m $3.7m 0.01% Added +2.7k +2,699
91 BOOTHBAY FUND MANAGEMENT, LLC 0.10% of their portfolio NEW YORK, NY 70,56170.6k $3.7m $3.7m 0.10% New
92 PRELUDE CAPITAL MANAGEMENT, LLC 0.24% of their portfolio NEW YORK, NY 68,57068.6k $3.6m $3.6m 0.24% New
93 NEXPOINT ASSET MANAGEMENT, L.P. 0.37% of their portfolio Dallas, TX 65,56765.6k $3.4m $3.4m 0.37% New
94 Chicago Capital Management, LLC 3.49% of their portfolio CHICAGO, IL 61,21661.2k $3.2m $3.2m 3.49% New
95 Brookfield Corp /ON/ 0.01% of their portfolio TORONTO, A6 60,00060.0k $3.1m $3.1m 0.01% New
96 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 58,51458.5k $3.0m $3.0m 0.00% Reduced -328 -328
97 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 57,65757.7k $3.0m $3.0m 0.00% Added +21.6k +21,567
98 Legal & General Group Plc 0.00% of their portfolio London, X0 55,34755.3k $2.9m $2.9m 0.00% Added +5.3k +5,304
99 Vestcor Inc 0.10% of their portfolio FREDERICTON, A3 55,00055.0k $2.9m $2.9m 0.10% New
100 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 53,30053.3k $2.8m $2.8m 0.00% Reduced -6.9k -6,900