Vault-13

FOCUS FINL PARTNERS INC FOCS

COM CL A · Common Stock · CUSIP 34417P100

208 institutional holders -23 vs Q1 2023
73,716,00673.7m shares reported held*
$3.9bnreported value*
24 new 84 added 57 reduced 47 sold out net bought ≈ $59.2m (+1.5m 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 ($6.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.49. Options: 5 managers hold calls ($3.5m notional), 3 hold puts ($30.8k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 198Q4 22: 179Q1 23: 231Q2 23: 208208Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022198
Q4 2022179
Q1 2023231
Q2 2023208

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 23Q2 23: 108 bought or addedQ2 23: 104 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227697
Q1 202312191
Q2 2023108104

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 0.09Q2 23 calls: $3.5mQ2 23 puts: $30.8kQ2 23P/C 0.01
Numbers
QuarterCallsPutsP/C
Q3 2022$3.3m$2.0m0.62
Q4 2022$4.2m$1.4m0.34
Q1 2023$20.6m$1.8m0.09
Q2 2023$3.5m$30.8k0.01

Biggest buyers

BARCLAYS PLC Added +2,190,117+2.2m
PSquared Asset Management AG New +1,749,906+1.7m
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Added +1,407,549+1.4m
HBK INVESTMENTS L P Added +1,338,365+1.3m
KRYGER CAPITAL Ltd New +1,293,221+1.3m
GOLDMAN SACHS GROUP INC Added +935,215+935.2k
TIG Advisors, LLC Added +847,014+847.0k
Man Group plc New +638,783+638.8k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +550,500+550.5k
Magnetar Financial LLC Added +507,684+507.7k

Biggest sellers

Capital World Investors Sold out -6,092,402-6.1m
JPMORGAN CHASE & CO Reduced -2,479,798-2.5m
FMR LLC Reduced -1,159,287-1.2m
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP Sold out -857,035-857.0k
WASATCH ADVISORS LP Sold out -628,322-628.3k
Swedbank AB Sold out -492,000-492.0k
Man Group plc Sold out -438,783-438.8k
AMERIPRISE FINANCIAL INC Reduced -434,303-434.3k
Invesco Ltd. Reduced -401,774-401.8k
Balyasny Asset Management L.P. Sold out -364,441-364.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.8m52.9k shares
CITADEL ADVISORS LLC Reduced $378.1k7.2k shares
WOLVERINE TRADING, LLC Reduced $220.6k4.2k shares
GROUP ONE TRADING LLC New $78.8k1.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $15.8k300 shares
SIMPLEX TRADING, LLC Reduced $15.0k300 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STONE POINT CAPITAL LLC 38.86% of their portfolio GREENWICH, CT 16,048,97516.0m $842.7m $842.7m 38.86% Unchanged
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 5,380,4635.4m $282.5m $282.5m 0.01% Added +443.8k +443,809
3 BlackRock Inc. 0.01% of their portfolio New York, NY 3,947,7433.9m $207.3m $207.3m 0.01% Added +100.0k +99,960
4 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 3.08% of their portfolio CHICAGO, IL 2,775,5492.8m $145.7m $145.7m 3.08% Added +1.4m +1,407,549
5 FIL Ltd 0.16% of their portfolio HAMILTON, D0 2,640,3992.6m $138.6m $138.6m 0.16% Added +260.4k +260,399
6 HBK INVESTMENTS L P 4.02% of their portfolio DALLAS, TX 2,411,0092.4m $126.6m $126.6m 4.02% Added +1.3m +1,338,365
7 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 2,240,6672.2m $117.7m $117.7m 0.08% Added +2.2m +2,190,117
8 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,013,5642.0m $105.7m $105.7m 0.03% Added +935.2k +935,215
9 MACQUARIE GROUP LTD 0.11% of their portfolio Sydney, NSW 2000, C3 1,854,1411.9m $97.4m $97.4m 0.11% Reduced -6.8k -6,794
10 Magnetar Financial LLC 2.08% of their portfolio EVANSTON, IL 1,808,5761.8m $95.0m $95.0m 2.08% Added +507.7k +507,684
11 PSquared Asset Management AG 10.82% of their portfolio ZURICH, V8 1,749,9061.7m $91.9m $91.9m 10.82% New
12 Pentwater Capital Management LP 1.08% of their portfolio Naples, FL 1,636,3601.6m $85.9m $85.9m 1.08% Added +363.1k +363,114
13 GLAZER CAPITAL, LLC 5.08% of their portfolio New York, NY 1,459,8831.5m $76.7m $76.7m 5.08% Added +376.5k +376,506
14 KRYGER CAPITAL Ltd 6.95% of their portfolio LONDON, X0 1,293,2211.3m $67.9m $67.9m 6.95% New
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,264,2381.3m $66.4m $66.4m 0.00% Added +12.4k +12,395
16 TIG Advisors, LLC 3.88% of their portfolio New York, NY 1,228,1581.2m $64.5m $64.5m 3.88% Added +847.0k +847,014
17 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 1,167,6101.2m $61.3m $61.3m 0.01% Added +43.7k +43,672
18 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.23% of their portfolio TORONTO, A6 973,600973.6k $51.1m $51.1m 0.23% Added +550.5k +550,500
19 P SCHOENFELD ASSET MANAGEMENT LP 5.74% of their portfolio NEW YORK, NY 804,709804.7k $42.3m $42.3m 5.74% Added +81.1k +81,090
20 First Trust Capital Management L.P. 2.37% of their portfolio CHICAGO, IL 758,748758.7k $39.8m $39.8m 2.37% Added +479.9k +479,941
21 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 730,369730.4k $38.4m $38.4m 0.03% Reduced -265.9k -265,913
22 WATER ISLAND CAPITAL LLC 3.28% of their portfolio NEW YORK, NY 670,397670.4k $35.2m $35.2m 3.28% Reduced -20.0k -20,029
23 ALPINE ASSOCIATES MANAGEMENT INC. 1.55% of their portfolio PALM BEACH, FL 656,100656.1k $34.5m $34.5m 1.55% Added +84.1k +84,100
24 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 647,938647.9k $34.0m $34.0m 0.01% Reduced -16.1k -16,059
25 Man Group plc 0.10% of their portfolio LONDON, X0 638,783638.8k $33.5m $33.5m 0.10% New
26 SOROS FUND MANAGEMENT LLC 0.64% of their portfolio NEW YORK, NY 558,461558.5k $29.3m $29.3m 0.64% Unchanged
27 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 533,933533.9k $28.0m $28.0m 0.03% Added +205.3k +205,345
28 WCM INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio LAGUNA BEACH, CA 524,044524.0k $27.5m $27.5m 0.08% Added +2.9k +2,938
29 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 518,264518.3k $27.2m $27.2m 0.01% Added +1.2k +1,225
30 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 504,510504.5k $26.5m $26.5m 0.03% Reduced -17.7k -17,712
31 Woodline Partners LP 0.31% of their portfolio San Francisco, CA 502,501502.5k $26.4m $26.4m 0.31% Added +309.8k +309,802
32 PICTON MAHONEY ASSET MANAGEMENT 1.29% of their portfolio Toronto, A6 500,000500.0k $26.3m $26.3m 1.29% New
33 Melqart Asset Management (UK) Ltd 2.39% of their portfolio London, X0 497,100497.1k $26.1m $26.1m 2.39% New
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 486,373486.4k $25.5m $25.5m 0.00% Added +77.1k +77,140
35 JET CAPITAL INVESTORS L P 6.98% of their portfolio NEW YORK, NY 420,000420.0k $22.1m $22.1m 6.98% New
36 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 412,435412.4k $21.7m $21.7m 0.03% Reduced -3.8k -3,813
37 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 391,758391.8k $20.6m $20.6m 0.01% Added +195.0k +195,026
38 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 390,614390.6k $20.5m $20.5m 0.00% Reduced -165.0k -165,043
39 BARDIN HILL MANAGEMENT PARTNERS LP 5.28% of their portfolio NEW YORK, NY 381,841381.8k $20.1m $20.1m 5.28% Added +34.6k +34,566
40 NEXPOINT ASSET MANAGEMENT, L.P. 2.97% of their portfolio Dallas, TX 376,040376.0k $19.7m $19.7m 2.97% Added +310.5k +310,473
41 GABELLI FUNDS LLC 0.15% of their portfolio Rye, NY 373,584373.6k $19.6m $19.6m 0.15% Added +91.1k +91,064
42 New York Life Investment Management LLC 0.20% of their portfolio New York, NY 371,946371.9k $19.5m $19.5m 0.20% Added +6.6k +6,559
43 TOKIO MARINE ASSET MANAGEMENT CO LTD 1.20% of their portfolio Tokyo, M0 357,000357.0k $18.7m $18.7m 1.20% Added +138.2k +138,200
44 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 352,406352.4k $18.5m $18.5m 0.01% Reduced -142.5k -142,530
45 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 332,228332.2k $17.4m $17.4m 0.01% Added +274.6k +274,571
46 GABELLI & Co INVESTMENT ADVISERS, INC. 2.87% of their portfolio Rye, NY 326,300326.3k $17.1m $17.1m 2.87% Added +127.5k +127,500
47 UBS Group AG 0.01% of their portfolio ZURICH, V8 314,420314.4k $16.5m $16.5m 0.01% Added +175.8k +175,774
48 Cassaday & Co Wealth Management LLC 0.63% of their portfolio MCLEAN, VA 300,951301.0k $15.8m $15.8m 0.63% Unchanged
49 NORGES BANK 0.00% of their portfolio OSLO, Q8 277,446277.4k $14.6m $14.6m 0.00% Added +66.0k +66,000
50 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 271,266271.3k $14.2m $14.2m 0.00% Reduced -3.1k -3,135
51 AQR Arbitrage LLC 0.58% of their portfolio Greenwich, CT 254,119254.1k $13.3m $13.3m 0.58% Reduced -175.9k -175,893
52 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 232,532232.5k $12.2m $12.2m 0.05% Added +6.8k +6,779
53 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 231,869231.9k $12.2m $12.2m 0.01% Reduced -11.5k -11,464
54 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 230,509230.5k $12.1m $12.1m 0.03% Added +83.2k +83,225
55 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 213,798213.8k $11.2m $11.2m 0.02% Unchanged
56 Westchester Capital Management, LLC 0.31% of their portfolio VALHALLA, NY 171,910171.9k $9.0m $9.0m 0.31% Unchanged
57 JCP Investment Management, LLC 7.36% of their portfolio HOUSTON, TX 168,000168.0k $8.8m $8.8m 7.36% Unchanged
58 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 161,827161.8k $8.5m $8.5m 0.00% Added +1.3k +1,254
59 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 155,771155.8k $8.2m $8.2m 0.02% Added +32.0k +31,978
60 CI INVESTMENTS INC. 0.04% of their portfolio TORONTO, Z4 154,613154.6k $8.1m $8.1m 0.04% Reduced -50.0k -50,000
61 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 154,298154.3k $8.1m $8.1m 0.00% Reduced -2.5m -2,479,798
62 Chicago Capital Management, LLC 10.29% of their portfolio CHICAGO, IL 153,026153.0k $8.0m $8.0m 10.29% Added +91.8k +91,810
63 Relative Value Partners Group, LLC 0.52% of their portfolio NORTHBROOK, IL 152,196152.2k $8.0m $8.0m 0.52% Reduced -173.0k -172,954
64 Kellner Capital, LLC 8.90% of their portfolio NEW YORK, NY 147,500147.5k $7.7m $7.7m 8.90% Added +38.0k +38,000
65 NBW CAPITAL LLC 1.62% of their portfolio BOSTON, MA 132,116132.1k $6.9m $6.9m 1.62% Reduced -5.7k -5,700
66 GARDNER LEWIS ASSET MANAGEMENT L P 2.53% of their portfolio CHADDS FORD, PA 131,496131.5k $6.9m $6.9m 2.53% New
67 Swiss National Bank 0.00% of their portfolio ZURICH, V8 129,200129.2k $6.8m $6.8m 0.00% Added +1.3k +1,300
68 PRELUDE CAPITAL MANAGEMENT, LLC 0.52% of their portfolio NEW YORK, NY 118,949118.9k $6.2m $6.2m 0.52% Added +50.4k +50,379
69 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 112,054112.1k $5.9m $5.9m 0.00% Reduced -401.8k -401,774
70 Asset Advisors Investment Management, LLC 0.72% of their portfolio AUGUSTA, GA 108,000108.0k $5.7m $5.7m 0.72% Unchanged
71 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 107,289107.3k $5.6m $5.6m 0.00% Reduced -434.3k -434,303
72 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 106,946106.9k $5.6m $5.6m 0.01% Reduced -110.7k -110,679
73 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 100,000100.0k $5.3m $5.3m 0.05% Added +20.0k +20,000
74 Quadrant Private Wealth Management, LLC 1.46% of their portfolio Center Valley, PA 95,71895.7k $5.0m $5.0m 1.46% Reduced -1.0k -1,000
75 B. Metzler seel. Sohn & Co. AG 0.06% of their portfolio FRANKFURT, 2M 90,84490.8k $4.8m $4.8m 0.06% Added +48.4k +48,369
76 Ergoteles LLC 0.22% of their portfolio NEW YORK, NY 85,69385.7k $4.5m $4.5m 0.22% Reduced -79.3k -79,301
77 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 81,45381.5k $4.3m $4.3m 0.00% Added +2.7k +2,692
78 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 78,35878.4k $4.1m $4.1m 0.02% Added +78.0k +77,975
79 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 77,33277.3k $4.1m $4.1m 0.01% Added +45.0k +45,034
80 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 73,69773.7k $3.9m $3.9m 0.00% Reduced -297.0k -297,025
81 BUCKINGHAM STRATEGIC WEALTH, LLC 0.05% of their portfolio CLAYTON, MO 73,24173.2k $3.8m $3.8m 0.05% Reduced -45.9k -45,851
82 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 71,78571.8k $3.8m $3.8m 0.01% Reduced -1.9k -1,878
83 Edgestream Partners, L.P. 0.33% of their portfolio Princeton, NJ 70,02170.0k $3.7m $3.7m 0.33% New
84 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 69,69669.7k $3.7m $3.7m 0.01% Reduced -1.1k -1,089
85 Yakira Capital Management, Inc. 0.96% of their portfolio Westport, CT 68,82868.8k $3.6m $3.6m 0.96% New
86 WOLVERINE ASSET MANAGEMENT LLC 0.06% of their portfolio CHICAGO, IL 64,78464.8k $3.4m $3.4m 0.06% Added +42.4k +42,392
87 Fiduciary Group, LLC 0.39% of their portfolio SAVANNAH, GA 60,60060.6k $3.2m $3.2m 0.39% Reduced -20.1k -20,100
88 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% Unchanged
89 GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio GREENWICH, CT 57,55257.6k $3.0m $3.0m 0.03% Added +14.9k +14,860
90 Legal & General Group Plc 0.00% of their portfolio London, X0 55,81255.8k $2.9m $2.9m 0.00% Added +465 +465
91 Vestcor Inc 0.11% of their portfolio FREDERICTON, A3 55,00055.0k $2.9m $2.9m 0.11% Unchanged
92 WINSLOW ASSET MANAGEMENT INC 0.59% of their portfolio BEACHWOOD, OH 52,50252.5k $2.8m $2.8m 0.59% Reduced -91.0k -90,992
93 Kapitalo Investimentos Ltda 0.50% of their portfolio SAO PAULO, D5 51,54751.5k $2.7m $2.7m 0.50% New
94 Carmignac Gestion 0.05% of their portfolio PARIS, I0 51,06951.1k $2.7m $2.7m 0.05% Not comparable
95 HoyleCohen, LLC 0.23% of their portfolio SAN DIEGO, CA 49,73749.7k $2.6m $2.6m 0.23% Reduced -1.8k -1,770
96 TELEMUS CAPITAL, LLC 0.22% of their portfolio Southfield, MI 49,61649.6k $2.6m $2.6m 0.22% Unchanged
97 EHP Funds Inc. 0.73% of their portfolio TORONTO, Z4 49,24949.2k $2.6m $2.6m 0.73% Reduced -25.0k -25,000
98 Mawer Investment Management Ltd. 0.01% of their portfolio CALGARY, A0 47,59747.6k $2.5m $2.5m 0.01% Added +4.0k +4,037
99 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 46,86146.9k $2.5m $2.5m 0.01% Unchanged
100 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 46,00046.0k $2.4m $2.4m 0.00% New