Focus Partners Wealth

Focus Partners Wealth reported $87.7B across 2,645 positions for the December 2025 quarter, an RIA book built around direct megacaps (Apple 2.9%, Microsoft 2.4%, NVIDIA 2.4%) and core ETFs — the Technology Select Sector SPDR (XLK), DFA U.S. Core Equity (DFAC), Vanguard's VOO and SPY. The filing shows a firm in expansion mode, with 38 positions increased against just 2 trimmed: the largest builds were in Apple, Microsoft, NVIDIA, XLK and DFAC. New positions in Thermo Fisher, Visa, the JAAA AAA-CLO ETF, AMD and an equity ETF round out the quarter. ETFs total $24.6B, the dominant category.