Focus Financial Network
MINNEAPOLIS, MNfiles as Focus Financial Network, Inc.
$3.2bn in 764 US stocks at the end of 30 June 2026. The top 10 are 33.8% of the money. It changed about 9.2% of the portfolio this quarter.
Value
$3.2bn
Stocks
764
Top 10 share
33.8%
Turnover
9.2%
What changed this quarter
New
Bought for the first time this quarter.
- First TR Exchange-Traded FDFGD0.4% of the fund
- First TR Exchng Traded FD VIUCON0.3% of the fund
- Virgin Galactic HoldingsSPCE0.2% of the fund
- TeradyneTER0.2% of the fund
- Vaneck ETF TrustFLTR0.1% of the fund
- IsharesPOWR0.1% of the fund
- Blackrock ETF TrustIALT0.1% of the fund
- SezzleSEZL<0.1% of the fund
- Blackrock ETF Trust IIGGOV<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- Honeywell AerospaceHONA<0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- Invesco Actively Managed EXCGSY<0.1% of the fund
- Invesco Exchange Traded FD TRFV<0.1% of the fund
- Capital Group Growth ETFCGGR<0.1% of the fund
- Astera LabsALAB<0.1% of the fund
- Pgim ETF TRPFRL<0.1% of the fund
- Nebius GroupNBIS<0.1% of the fund
- Western DigitalWDC<0.1% of the fund
- Truist FinancialTFC<0.1% of the fund
- Etfis SER TR IUTES<0.1% of the fund
- KLAKLAC<0.1% of the fund
- Northern LTS FD TR IVISMD<0.1% of the fund
- Spdr Series TrustSPTM<0.1% of the fund
- Exchange Traded Concepts TRUROBO<0.1% of the fund
Added
Bought more of a stock they already held.
- Ishares TRIVV2.9% of the fund+9%
- Vanguard Index FDSVTV2.0% of the fund+7%
- Ishares TRAGG2.0% of the fund+5%
- SandiskSNDK1.4% of the fund+28%
- Schwab Strategic TRFNDF1.3% of the fund+6%
- Vanguard Star FDSVXUS1.3% of the fund+3%
- Ishares TRIEF1.2% of the fund+6%
- Fidelity Covington TrustFESM1.2% of the fund+6%
- Vanguard Tax-Managed FDSVEA1.0% of the fund+5%
- Vanguard Specialized FundsVIG0.8% of the fund+3%
- Spdr Series TrustSPYM0.8% of the fund+31%
- T Rowe Price Exchange-TradedTBUX0.7% of the fund+937%
- Invesco Exch Traded FD TR IIQQQM0.6% of the fund+9%
- First TR Exchange Traded FDSDVY0.6% of the fund+7%
- Vanguard Index FDSVBK0.5% of the fund+2%
- Schwab Strategic TRSCHF0.5% of the fund+9%
- Invesco Actively Managed EXCGTO0.4% of the fund+8%
- Ishares TRIUSB0.4% of the fund+31%
- Vanguard Index FDSVTI0.4% of the fund+2%
- Vanguard World FDVHT0.4% of the fund+10%
- Vanguard BD Index FDSBSV0.3% of the fund+4%
- JPMorgan ChaseJPM0.3% of the fund+6%
- T Rowe Price Exchange-TradedTCAF0.3% of the fund+203%
- Vanguard Index FDSVOO0.3% of the fund+6%
- Blackrock ETF TrustCORO0.3% of the fund+29%
Cut
Sold some of their stake.
- Schwab Strategic TRSCHG4.6% of the fund-8%
- Amazon.comAMZN2.2% of the fund-3%
- Schwab Strategic TRSCHD1.8% of the fund-8%
- Vanguard Whitehall FDSVYM1.1% of the fund-8%
- AlphabetGOOGL1.0% of the fund-9%
- Berkshire HathawayBRK-B0.9% of the fund-3%
- Ishares TRIWR0.7% of the fund-2%
- MicrosoftMSFT0.7% of the fund-3%
- Schwab Strategic TRSCHV0.6% of the fund-6%
- Invesco Exchange Traded FD TSPHQ0.6% of the fund-10%
- Schwab Strategic TRSCHM0.5% of the fund-4%
- IsharesEMXC0.5% of the fund-30%
- Wisdomtree TRDGRW0.5% of the fund-5%
- Schwab Strategic TRSCHA0.4% of the fund-7%
- UnitedHealth GroupUNH0.4% of the fund-4%
- Blackrock ETF TrustDYNF0.4% of the fund-8%
- nVent ElectricNVT0.4% of the fund-2%
- Profesionally Managed PortfoAKRE0.4% of the fund-42%
- Ishares TRQUAL0.4% of the fund-30%
- Etfs Gold TRSGOL0.3% of the fund-21%
- Spdr Series TrustSPSM0.3% of the fund-15%
- Ishares TRIVE0.3% of the fund-5%
- Delta Air LinesDAL0.2% of the fund-25%
- Johnson & JohnsonJNJ0.2% of the fund-6%
- TeslaTSLA0.2% of the fund-3%
Sold out
Sold their entire stake.
- Ishares TRILTB-100%
- IonQIONQ-100%
- J P Morgan Exchange Traded FJBND-100%
- ExxonMobil HoldingsXOM-100%
- Honeywell InternationalHON-100%
- Ishares TRIAGG-100%
- Vaneck ETF TrustEMLC-100%
- SeaSE-100%
- Abrdn Silver ETF TrustSIVR-100%
- Ishares TRIBDR-100%
- First SolarFSLR-100%
- Super Micro ComputerSMCI-100%
- RubrikRBRK-100%
- AppLovinAPP-100%
- ZscalerZS-100%
- Willis Towers WatsonWTW-100%
- MsciMSCI-100%
- Carnival-100%
- DuPont de NemoursDD-100%
- InsuletPODD-100%
- Conagra BrandsCAG-100%
- McCormickMKC-100%
- Quanta ServicesPWR-100%
- Leidos HoldingsLDOS-100%
- PayPal HoldingsPYPL-100%
Holdings
- Schwab Strategic TRSCHG
- Share
- 4.6%
- Value
- $148m
- Shares
- 4,361,225
-8%
- Invesco QQQ TRQQQ
- Share
- 3.7%
- Value
- $119m
- Shares
- 161,020
Held
- Ishares TRIVV
- Share
- 2.9%
- Value
- $92m
- Shares
- 123,492
+9%
- Vanguard Index FDSVTV
- Share
- 2.0%
- Value
- $65m
- Shares
- 296,209
+7%
- Ishares TRAGG
- Share
- 2.0%
- Value
- $64m
- Shares
- 641,837
+5%
- Proshares TRQLD
- Share
- 1.8%
- Value
- $58m
- Shares
- 599,844
Held
- Schwab Strategic TRSCHD
- Share
- 1.8%
- Value
- $58m
- Shares
- 1,818,289
-8%
- Schwab Strategic TRFNDF
- Share
- 1.3%
- Value
- $43m
- Shares
- 821,704
+6%
- Vanguard Star FDSVXUS
- Share
- 1.3%
- Value
- $41m
- Shares
- 481,632
+3%
- Invesco Exchange Traded FD TXMHQ
- Share
- 1.2%
- Value
- $39m
- Shares
- 348,740
Held
- Ishares TRIEF
- Share
- 1.2%
- Value
- $38m
- Shares
- 405,791
+6%
- Fidelity Covington TrustFESM
- Share
- 1.2%
- Value
- $37m
- Shares
- 771,548
+6%
- Vanguard Whitehall FDSVYM
- Share
- 1.1%
- Value
- $35m
- Shares
- 220,387
-8%
- Vanguard Tax-Managed FDSVEA
- Share
- 1.0%
- Value
- $32m
- Shares
- 445,510
+5%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.9%
- Value
- $29m
- Shares
- 39,307
Held
- Vanguard Specialized FundsVIG
- Share
- 0.8%
- Value
- $27m
- Shares
- 112,982
+3%
- Select Sector Spdr TRXLK
- Share
- 0.8%
- Value
- $26m
- Shares
- 137,844
Held
- Spdr Series TrustSPYM
- Share
- 0.8%
- Value
- $24m
- Shares
- 278,605
+31%
- Ishares TRIWR
- Share
- 0.7%
- Value
- $24m
- Shares
- 217,178
-2%
- T Rowe Price Exchange-TradedTBUX
- Share
- 0.7%
- Value
- $23m
- Shares
- 459,368
+937%
- Invesco Exchange Traded FD TXMMO
- Share
- 0.7%
- Value
- $21m
- Shares
- 125,386
Held
- Schwab Strategic TRSCHV
- Share
- 0.6%
- Value
- $21m
- Shares
- 600,252
-6%
- Invesco Exchange Traded FD TXSMO
- Share
- 0.6%
- Value
- $21m
- Shares
- 220,755
Held
- Schwab Strategic TRSCHB
- Share
- 0.6%
- Value
- $21m
- Shares
- 710,192
Held
- Ishares TRIVW
- Share
- 0.6%
- Value
- $20m
- Shares
- 146,039
Held
- Invesco Exch Traded FD TR IIQQQM
- Share
- 0.6%
- Value
- $20m
- Shares
- 64,987
+9%
- Invesco Exchange Traded FD TSPHQ
- Share
- 0.6%
- Value
- $20m
- Shares
- 217,531
-10%
- Vanguard Intl Equity Index FVWO
- Share
- 0.6%
- Value
- $20m
- Shares
- 327,999
Held
- First TR Exchange Traded FDSDVY
- Share
- 0.6%
- Value
- $19m
- Shares
- 442,090
+7%
- Schwab Strategic TRSCHX
- Share
- 0.6%
- Value
- $18m
- Shares
- 611,089
Held
- Vanguard Index FDSVBK
- Share
- 0.5%
- Value
- $18m
- Shares
- 47,956
+2%
- Schwab Strategic TRSCHM
- Share
- 0.5%
- Value
- $17m
- Shares
- 465,129
-4%
- IsharesEMXC
- Share
- 0.5%
- Value
- $17m
- Shares
- 164,318
-30%
- Wisdomtree TRDGRW
- Share
- 0.5%
- Value
- $16m
- Shares
- 169,182
-5%
- Schwab Strategic TRSCHF
- Share
- 0.5%
- Value
- $15m
- Shares
- 535,959
+9%
- Ishares TRIMTM
- Share
- 0.4%
- Value
- $14m
- Shares
- 264,351
Held
- Schwab Strategic TRSCHA
- Share
- 0.4%
- Value
- $14m
- Shares
- 387,046
-7%
- Invesco Actively Managed EXCGTO
- Share
- 0.4%
- Value
- $14m
- Shares
- 294,261
+8%
- Ishares TRIUSB
- Share
- 0.4%
- Value
- $13m
- Shares
- 284,602
+31%
- Vanguard Index FDSVTI
- Share
- 0.4%
- Value
- $13m
- Shares
- 34,274
+2%
- First TR Exchange-Traded FDFGD
- Share
- 0.4%
- Value
- $12m
- Shares
- 389,682
New
- Blackrock ETF TrustDYNF
- Share
- 0.4%
- Value
- $12m
- Shares
- 179,726
-8%
- Profesionally Managed PortfoAKRE
- Share
- 0.4%
- Value
- $12m
- Shares
- 226,843
-42%
- Ishares TRQUAL
- Share
- 0.4%
- Value
- $12m
- Shares
- 54,255
-30%
- Vanguard World FDVHT
- Share
- 0.4%
- Value
- $12m
- Shares
- 38,701
+10%
- Spdr Gold TRGLD
- Share
- 0.3%
- Value
- $11m
- Shares
- 29,860
Held
- Vanguard BD Index FDSBSV
- Share
- 0.3%
- Value
- $11m
- Shares
- 141,122
+4%
- First TR Exchng Traded FD VIUCON
- Share
- 0.3%
- Value
- $11m
- Shares
- 435,847
New
- Etfs Gold TRSGOL
- Share
- 0.3%
- Value
- $11m
- Shares
- 283,322
-21%
- T Rowe Price Exchange-TradedTCAF
- Share
- 0.3%
- Value
- $11m
- Shares
- 260,779
+203%
- First TR Exchange Traded FDRDVY
- Share
- 0.3%
- Value
- $11m
- Shares
- 131,584
Held
- Vanguard Index FDSVOO
- Share
- 0.3%
- Value
- $10m
- Shares
- 14,715
+6%
- Blackrock ETF TrustCORO
- Share
- 0.3%
- Value
- $10m
- Shares
- 274,833
+29%
- Schwab Strategic TRSCHP
- Share
- 0.3%
- Value
- $10m
- Shares
- 368,427
+10%
- Capital Group Dividend ValueCGDV
- Share
- 0.3%
- Value
- $10m
- Shares
- 193,176
+74%
- Spdr Series TrustSPSM
- Share
- 0.3%
- Value
- $9m
- Shares
- 160,378
-15%
- J P Morgan Exchange Traded FJQUA
- Share
- 0.3%
- Value
- $8m
- Shares
- 117,142
+6%
- Ishares TRIVE
- Share
- 0.3%
- Value
- $8m
- Shares
- 36,930
-5%
- J P Morgan Exchange Traded FJPIE
- Share
- 0.3%
- Value
- $8m
- Shares
- 178,616
+44%
- Morgan Stanley ETF TrustEVTR
- Share
- 0.3%
- Value
- $8m
- Shares
- 160,768
+148%
- Vanguard Scottsdale FDSVGLT
- Share
- 0.3%
- Value
- $8m
- Shares
- 147,527
+64%
- Ishares TRMUB
- Share
- 0.2%
- Value
- $8m
- Shares
- 70,944
Held
- First TR Exchange-Traded FDEMLP
- Share
- 0.2%
- Value
- $7m
- Shares
- 166,609
+30%
- Ishares TRISCF
- Share
- 0.2%
- Value
- $7m
- Shares
- 164,366
+1171%
- Vanguard Index FDSVUG
- Share
- 0.2%
- Value
- $7m
- Shares
- 79,877
+3%
- Vanguard Index FDSVO
- Share
- 0.2%
- Value
- $6m
- Shares
- 79,154
+13%
- Invesco Exchange Traded FD TPFM
- Share
- 0.2%
- Value
- $6m
- Shares
- 113,600
Held
- Ishares TRIYW
- Share
- 0.2%
- Value
- $6m
- Shares
- 24,743
Held
- Invesco Exchange Traded FD TRSP
- Share
- 0.2%
- Value
- $6m
- Shares
- 29,295
-5%
- Ishares TRVLUE
- Share
- 0.2%
- Value
- $6m
- Shares
- 31,114
Held
- Ishares TRSHY
- Share
- 0.2%
- Value
- $6m
- Shares
- 74,405
Held
- Blackrock ETF TrustBAI
- Share
- 0.2%
- Value
- $6m
- Shares
- 111,967
-19%
- Vanguard BD Index FDSBND
- Share
- 0.2%
- Value
- $6m
- Shares
- 79,602
+14%
- Select Sector Spdr TRXLE
- Share
- 0.2%
- Value
- $6m
- Shares
- 109,738
+16%
- First TR Exchange Traded FDAIRR
- Share
- 0.2%
- Value
- $6m
- Shares
- 42,647
-9%
- Ishares TRSOXX
- Share
- 0.2%
- Value
- $6m
- Shares
- 8,798
-14%
- Schwab Strategic TRFNDX
- Share
- 0.2%
- Value
- $6m
- Shares
- 179,678
+5%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 9.9% | $320m | 1,598,701 | Held |
| Schwab Strategic TRSCHG | 4.6% | $148m | 4,361,225 | -8% |
| Invesco QQQ TRQQQ | 3.7% | $119m | 161,020 | Held |
| AppleAAPL | 3.0% | $97m | 336,261 | Held |
| Ishares TRIVV | 2.9% | $92m | 123,492 | +9% |
| Amazon.comAMZN | 2.2% | $71m | 298,452 | -3% |
| Vanguard Index FDSVTV | 2.0% | $65m | 296,209 | +7% |
| Ishares TRAGG | 2.0% | $64m | 641,837 | +5% |
| Proshares TRQLD | 1.8% | $58m | 599,844 | Held |
| Schwab Strategic TRSCHD | 1.8% | $58m | 1,818,289 | -8% |
| SandiskSNDK | 1.4% | $44m | 19,508 | +28% |
| Schwab Strategic TRFNDF | 1.3% | $43m | 821,704 | +6% |
| Vanguard Star FDSVXUS | 1.3% | $41m | 481,632 | +3% |
| Invesco Exchange Traded FD TXMHQ | 1.2% | $39m | 348,740 | Held |
| Ishares TRIEF | 1.2% | $38m | 405,791 | +6% |
| Fidelity Covington TrustFESM | 1.2% | $37m | 771,548 | +6% |
| Vanguard Whitehall FDSVYM | 1.1% | $35m | 220,387 | -8% |
| AlphabetGOOGL | 1.0% | $32m | 90,075 | -9% |
| Vanguard Tax-Managed FDSVEA | 1.0% | $32m | 445,510 | +5% |
| State STR Spdr S&P 500 ETF TSPY | 0.9% | $29m | 39,307 | Held |
| Berkshire HathawayBRK-B | 0.9% | $29m | 58,099 | -3% |
| Vanguard Specialized FundsVIG | 0.8% | $27m | 112,982 | +3% |
| Select Sector Spdr TRXLK | 0.8% | $26m | 137,844 | Held |
| Spdr Series TrustSPYM | 0.8% | $24m | 278,605 | +31% |
| Ishares TRIWR | 0.7% | $24m | 217,178 | -2% |
| T Rowe Price Exchange-TradedTBUX | 0.7% | $23m | 459,368 | +937% |
| MicrosoftMSFT | 0.7% | $23m | 60,635 | -3% |
| Invesco Exchange Traded FD TXMMO | 0.7% | $21m | 125,386 | Held |
| Schwab Strategic TRSCHV | 0.6% | $21m | 600,252 | -6% |
| Invesco Exchange Traded FD TXSMO | 0.6% | $21m | 220,755 | Held |
| Schwab Strategic TRSCHB | 0.6% | $21m | 710,192 | Held |
| Ishares TRIVW | 0.6% | $20m | 146,039 | Held |
| Invesco Exch Traded FD TR IIQQQM | 0.6% | $20m | 64,987 | +9% |
| Invesco Exchange Traded FD TSPHQ | 0.6% | $20m | 217,531 | -10% |
| Vanguard Intl Equity Index FVWO | 0.6% | $20m | 327,999 | Held |
| First TR Exchange Traded FDSDVY | 0.6% | $19m | 442,090 | +7% |
| Schwab Strategic TRSCHX | 0.6% | $18m | 611,089 | Held |
| Vanguard Index FDSVBK | 0.5% | $18m | 47,956 | +2% |
| Schwab Strategic TRSCHM | 0.5% | $17m | 465,129 | -4% |
| IsharesEMXC | 0.5% | $17m | 164,318 | -30% |
| Wisdomtree TRDGRW | 0.5% | $16m | 169,182 | -5% |
| Schwab Strategic TRSCHF | 0.5% | $15m | 535,959 | +9% |
| Ishares TRIMTM | 0.4% | $14m | 264,351 | Held |
| Schwab Strategic TRSCHA | 0.4% | $14m | 387,046 | -7% |
| Invesco Actively Managed EXCGTO | 0.4% | $14m | 294,261 | +8% |
| UnitedHealth GroupUNH | 0.4% | $14m | 32,977 | -4% |
| Ishares TRIUSB | 0.4% | $13m | 284,602 | +31% |
| Vanguard Index FDSVTI | 0.4% | $13m | 34,274 | +2% |
| First TR Exchange-Traded FDFGD | 0.4% | $12m | 389,682 | New |
| Blackrock ETF TrustDYNF | 0.4% | $12m | 179,726 | -8% |
| nVent ElectricNVT | 0.4% | $12m | 71,797 | -2% |
| Profesionally Managed PortfoAKRE | 0.4% | $12m | 226,843 | -42% |
| Ishares TRQUAL | 0.4% | $12m | 54,255 | -30% |
| Vanguard World FDVHT | 0.4% | $12m | 38,701 | +10% |
| Spdr Gold TRGLD | 0.3% | $11m | 29,860 | Held |
| Vanguard BD Index FDSBSV | 0.3% | $11m | 141,122 | +4% |
| JPMorgan ChaseJPM | 0.3% | $11m | 33,578 | +6% |
| First TR Exchng Traded FD VIUCON | 0.3% | $11m | 435,847 | New |
| Etfs Gold TRSGOL | 0.3% | $11m | 283,322 | -21% |
| T Rowe Price Exchange-TradedTCAF | 0.3% | $11m | 260,779 | +203% |
| CaterpillarCAT | 0.3% | $11m | 10,043 | Held |
| First TR Exchange Traded FDRDVY | 0.3% | $11m | 131,584 | Held |
| Vanguard Index FDSVOO | 0.3% | $10m | 14,715 | +6% |
| Blackrock ETF TrustCORO | 0.3% | $10m | 274,833 | +29% |
| Costco WholesaleCOST | 0.3% | $10m | 10,630 | +4% |
| Schwab Strategic TRSCHP | 0.3% | $10m | 368,427 | +10% |
| Capital Group Dividend ValueCGDV | 0.3% | $10m | 193,176 | +74% |
| Spdr Series TrustSPSM | 0.3% | $9m | 160,378 | -15% |
| 3MMMM | 0.3% | $9m | 55,567 | +4% |
| Quantum ComputingQUBT | 0.3% | $9m | 911,635 | +403% |
| J P Morgan Exchange Traded FJQUA | 0.3% | $8m | 117,142 | +6% |
| Eli LillyLLY | 0.3% | $8m | 7,014 | Held |
| Ishares TRIVE | 0.3% | $8m | 36,930 | -5% |
| J P Morgan Exchange Traded FJPIE | 0.3% | $8m | 178,616 | +44% |
| Morgan Stanley ETF TrustEVTR | 0.3% | $8m | 160,768 | +148% |
| Vanguard Scottsdale FDSVGLT | 0.3% | $8m | 147,527 | +64% |
| BroadcomAVGO | 0.2% | $8m | 20,920 | Held |
| Ishares TRMUB | 0.2% | $8m | 70,944 | Held |
| First TR Exchange-Traded FDEMLP | 0.2% | $7m | 166,609 | +30% |
| Ishares TRISCF | 0.2% | $7m | 164,366 | +1171% |
| Vanguard Index FDSVUG | 0.2% | $7m | 79,877 | +3% |
| Virgin Galactic HoldingsSPCE | 0.2% | $7m | 2,380,623 | New |
| Delta Air LinesDAL | 0.2% | $7m | 71,796 | -25% |
| Johnson & JohnsonJNJ | 0.2% | $7m | 26,353 | -6% |
| TeslaTSLA | 0.2% | $7m | 15,600 | -3% |
| Vanguard Index FDSVO | 0.2% | $6m | 79,154 | +13% |
| Invesco Exchange Traded FD TPFM | 0.2% | $6m | 113,600 | Held |
| Ishares TRIYW | 0.2% | $6m | 24,743 | Held |
| Invesco Exchange Traded FD TRSP | 0.2% | $6m | 29,295 | -5% |
| Ishares TRVLUE | 0.2% | $6m | 31,114 | Held |
| Xcel EnergyXEL | 0.2% | $6m | 76,389 | -5% |
| Ishares TRSHY | 0.2% | $6m | 74,405 | Held |
| TeradyneTER | 0.2% | $6m | 12,208 | New |
| Blackrock ETF TrustBAI | 0.2% | $6m | 111,967 | -19% |
| Vanguard BD Index FDSBND | 0.2% | $6m | 79,602 | +14% |
| Select Sector Spdr TRXLE | 0.2% | $6m | 109,738 | +16% |
| Goldman Sachs GroupGS | 0.2% | $6m | 5,649 | Held |
| First TR Exchange Traded FDAIRR | 0.2% | $6m | 42,647 | -9% |
| Ishares TRSOXX | 0.2% | $6m | 8,798 | -14% |
| Schwab Strategic TRFNDX | 0.2% | $6m | 179,678 | +5% |
Showing the largest 100 of 764.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 27.5% since 30 June 2025.
Where the money is
Technology17.8%
Industrials3.0%
Retail & consumer2.8%
Financial services2.4%
Health care1.7%
Media & telecom1.6%
Everyday goods0.9%
Utilities0.5%
Real estate0.3%
Energy0.3%
Materials0.2%
Other68.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.