# Richmond Brothers, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1540462. Source: https://holderbook.com/funds/1540462-richmond-brothers-inc/

- Reported value: $192.3M
- Positions: 96
- Weight of the ten largest: 36.5%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $28.4M | 38,528 | 14.8% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $9.0M | 31,196 | 4.7% | 19 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $6.3M | 31,477 | 3.3% | 1 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.9M | 15,886 | 3.1% | 19 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $3.9M | 32,345 | 2.0% | 8 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $3.5M | 9,697 | 1.8% | 8 |
| AIM ETF PRODUCTS TRUST | [SIXD](https://holderbook.com/stocks/SIXD/) | $3.4M | 111,640 | 1.8% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.3M | 6,612 | 1.7% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.3M | 13,824 | 1.7% | 5 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $3.3M | 21,692 | 1.7% | 8 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $3.1M | 10,501 | 1.6% | 8 |
| VANGUARD WORLD FD | [VAW](https://holderbook.com/stocks/VAW/) | $3.1M | 13,624 | 1.6% | 8 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $3.1M | 15,748 | 1.6% | 8 |
| AIM ETF PRODUCTS TRUST | [MAYT](https://holderbook.com/stocks/MAYT/) | $3.1M | 78,997 | 1.6% | 1 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $3.0M | 16,315 | 1.6% | 8 |
| VANGUARD WORLD FD | [VDC](https://holderbook.com/stocks/VDC/) | $2.9M | 12,679 | 1.5% | 8 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $2.8M | 21,641 | 1.5% | 8 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $2.8M | 7,091 | 1.5% | 8 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $2.8M | 28,796 | 1.4% | 8 |
| SPDR SERIES TRUST | [MDYG](https://holderbook.com/stocks/MDYG/) | $2.8M | 24,659 | 1.4% | 1 |
| FIDELITY COVINGTON TRUST | [FDIS](https://holderbook.com/stocks/FDIS/) | $2.7M | 26,432 | 1.4% | 1 |
| ELEVATION SERIES TRUST | [ONEZ](https://holderbook.com/stocks/ONEZ/) | $2.7M | 98,061 | 1.4% | 1 |
| GUGGENHEIM STRATEGIC OPPORTU | [GOF](https://holderbook.com/stocks/GOF/) | $2.7M | 247,151 | 1.4% | 19 |
| FIDELITY COVINGTON TRUST | [FHLC](https://holderbook.com/stocks/FHLC/) | $2.7M | 34,305 | 1.4% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.6M | 7,344 | 1.4% | 4 |
| FIDELITY COVINGTON TRUST | [FIDU](https://holderbook.com/stocks/FIDU/) | $2.5M | 25,307 | 1.3% | 1 |
| FIDELITY COVINGTON TRUST | [FUTY](https://holderbook.com/stocks/FUTY/) | $2.4M | 41,897 | 1.3% | 1 |
| AIM ETF PRODUCTS TRUST | [DECT](https://holderbook.com/stocks/DECT/) | $2.4M | 60,114 | 1.2% | 1 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $2.3M | 30,208 | 1.2% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.3M | 4,091 | 1.2% | 1 |
| VANGUARD BD INDEX FDS | [BLV](https://holderbook.com/stocks/BLV/) | $2.2M | 32,523 | 1.2% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.2M | 7,963 | 1.1% | 1 |
| SPDR SERIES TRUST | [MDYV](https://holderbook.com/stocks/MDYV/) | $2.2M | 22,681 | 1.1% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $2.1M | 1,815 | 1.1% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.0M | 5,398 | 1.1% | 1 |
| AIM ETF PRODUCTS TRUST | [JUNT](https://holderbook.com/stocks/JUNT/) | $2.0M | 52,590 | 1.0% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.9M | 2,670 | 1.0% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.8M | 15,599 | 1.0% | 1 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.8M | 6,945 | 0.9% | 1 |
| PROSHARES TR | [TQQQ](https://holderbook.com/stocks/TQQQ/) | $1.8M | 21,649 | 0.9% | 10 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.8M | 3,411 | 0.9% | 1 |
| FIDELITY COVINGTON TRUST | [FMAT](https://holderbook.com/stocks/FMAT/) | $1.7M | 29,593 | 0.9% | 1 |
| AIM ETF PRODUCTS TRUST | [FEBT](https://holderbook.com/stocks/FEBT/) | $1.6M | 39,690 | 0.8% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.4M | 9,885 | 0.7% | 1 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $1.3M | 17,107 | 0.7% | 7 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.3M | 4,674 | 0.7% | 1 |
| CONNECT BIOPHARMA HLDGS LTD | [CNTB](https://holderbook.com/stocks/CNTB/) | $1.3M | 535,612 | 0.7% | 3 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $1.3M | 3,212 | 0.7% | 1 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.3M | 6,935 | 0.7% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.2M | 3,634 | 0.6% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.2M | 15,060 | 0.6% | 1 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $1.2M | 4,734 | 0.6% | 1 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.2M | 3,314 | 0.6% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.1M | 3,459 | 0.6% | 1 |
| GRACO INC | [GGG](https://holderbook.com/stocks/GGG/) | $1.1M | 14,867 | 0.6% | 1 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $1.1M | 12,237 | 0.6% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1M | 1,895 | 0.6% | 1 |
| PIMCO ETF TR | [BILZ](https://holderbook.com/stocks/BILZ/) | $1.1M | 10,897 | 0.6% | 1 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $1.1M | 21,777 | 0.6% | 8 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.1M | 7,372 | 0.6% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $1.1M | 6,319 | 0.6% | 1 |
| VANGUARD WORLD FD | [EDV](https://holderbook.com/stocks/EDV/) | $1.0M | 15,897 | 0.5% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.0M | 1,338 | 0.5% | 19 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $961.4K | 2,313 | 0.5% | 1 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $958.5K | 3,809 | 0.5% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $941.6K | 38,353 | 0.5% | 1 |
| ELEVATION SERIES TRUST | [SEPZ](https://holderbook.com/stocks/SEPZ/) | $898.0K | 19,763 | 0.5% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $895.5K | 6,398 | 0.5% | 1 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $861.7K | 5,880 | 0.4% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $834.5K | 7,368 | 0.4% | 1 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $802.0K | 4,467 | 0.4% | 1 |
| HERON THERAPEUTICS INC | [HRTX](https://holderbook.com/stocks/HRTX/) | $765.0K | 1,792,319 | 0.4% | 13 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $713.7K | 7,090 | 0.4% | 1 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $700.6K | 3,352 | 0.4% | 1 |
| PROSHARES TR | [QLD](https://holderbook.com/stocks/QLD/) | $699.2K | 7,226 | 0.4% | 4 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $688.8K | 4,397 | 0.4% | 1 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $683.1K | 5,489 | 0.4% | 1 |
| PROSHARES TR | [SSO](https://holderbook.com/stocks/SSO/) | $602.0K | 8,934 | 0.3% | 4 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $576.2K | 10,111 | 0.3% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $576.1K | 3,475 | 0.3% | 1 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $575.9K | 4,840 | 0.3% | 1 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $562.5K | 9,762 | 0.3% | 1 |
| ELEVATION SERIES TRUST | [QBER](https://holderbook.com/stocks/QBER/) | $536.1K | 22,526 | 0.3% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $511.6K | 4,385 | 0.3% | 1 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $486.2K | 3,883 | 0.3% | 1 |
| MIMEDX GROUP INC | [MDXG](https://holderbook.com/stocks/MDXG/) | $405.7K | 105,365 | 0.2% | 19 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $375.0K | 6,169 | 0.2% | 1 |
| AMERICAN CENTY ETF TR | [AVIG](https://holderbook.com/stocks/AVIG/) | $356.1K | 8,600 | 0.2% | 1 |
| COLUMBIA SPORTSWEAR CO | [COLM](https://holderbook.com/stocks/COLM/) | $354.1K | 5,729 | 0.2% | 1 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $350.2K | 1,526 | 0.2% | 1 |
| JANUS DETROIT STR TR | [VNLA](https://holderbook.com/stocks/VNLA/) | $306.9K | 6,281 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $256.9K | 727 | 0.1% | 4 |
| ALVOTECH | [ALVO](https://holderbook.com/stocks/ALVO/) | $165.4K | 44,830 | 0.1% | 9 |
| NUVEEN AMT FREE MUN CR INC F | [NVG](https://holderbook.com/stocks/NVG/) | $161.4K | 12,610 | 0.1% | 19 |
| ROCKWELL MED INC | [RMTI](https://holderbook.com/stocks/RMTI/) | $16.9K | 30,611 | 0.0% | 17 |
| OCEAN PWR TECHNOLOGIES INC | [OPTT](https://holderbook.com/stocks/OPTT/) | $3.1K | 11,846 | 0.0% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.6% | +14.8% | -2.3% | 100% |
| Q1 2026 | -2.5% | -4.6% | +2.2% | 100% |
| Q4 2025 | +0.7% | +2.4% | -1.7% | 100% |
| Q3 2025 | +5.5% | +7.8% | -2.4% | 99% |
| Q2 2025 | +3.3% | +10.5% | -7.1% | 100% |
| Q1 2025 | -2.8% | -4.6% | +1.7% | 100% |
| Q4 2024 | +1.0% | +2.1% | -1.2% | 100% |
| Q3 2024 | +2.4% | +5.4% | -3.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $192.3M | 96 |
| Q1 2026 | $150.2M | 36 |
| Q4 2025 | $157.2M | 36 |
| Q3 2025 | $158.4M | 34 |
| Q2 2025 | $152.7M | 30 |
| Q1 2025 | $158.2M | 31 |
| Q4 2024 | $156.0M | 32 |
| Q3 2024 | $162.2M | 33 |
| Q2 2024 | $50.6M | 22 |
| Q1 2024 | $54.0M | 24 |
| Q4 2023 | $57.4M | 23 |
| Q3 2023 | $53.2M | 24 |