Richard W. Paul & Associates, LLC
Registered adviserFiling Date
Global Rank
#5,024
/ 8,815
▼ 150
Top Industry
Semiconductors
12.1%
Period ended 4 months ago
Filed Aug 10, 2026 · 2mo
15 quarters · since Dec 2022
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$372,819,349
Main clients
Individuals and high net worth
(100% of AUM)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $372,819,349 | Individuals and high net worth (100%) |
| Apr 2025 to Mar 2026 | $323,337,711 | Individuals and high net worth (100%) |
| Mar 2024 to Mar 2025 | $292,603,081 | Individuals and high net worth (100%) |
| Aug 2023 to Feb 2024 | $263,833,052 | Individuals and high net worth (100%) |
| May 2023 to Jul 2023 | $236,992,282 | Individuals and high net worth (100%) |
| Mar 2023 to Apr 2023 | $236,992,282 | Individuals and high net worth (100%) |
4 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Concentrated
7.5 effective positions (12 or fewer)
Turnover
Low turnover
29.5% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 12.7 quarters (12+)
Closest benchmark: every 13F filer's combined book, active share 70.2%; sector active share 53.6% against the combined 13F book's sector weights.
Over time 15 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
320 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
35.2%
−1.4 pts
Top 5
50.3%
+0.3 pts
Top 10
58.6%
+0.4 pts
HHI
1,342
Diversified−81
Portfolio Trend
15 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 66.1% | $211,550,324 |
| Technology | 11.2% | $35,682,413 |
| Healthcare | 5.5% | $17,748,152 |
| Financial Services | 3.9% | $12,328,793 |
| Consumer Defensive | 3.4% | $10,902,806 |
| Consumer Cyclical | 3.4% | $10,753,908 |
| Communication Services | 3.2% | $10,269,334 |
| Industrials | 1.5% | $4,905,438 |
| Utilities | 1.0% | $3,340,147 |
| Basic Materials | 0.4% | $1,224,227 |
| Energy | 0.3% | $834,984 |
| Real Estate | 0.1% | $462,365 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PYLD | +85,529 | 374,816 | $9,940,120 | ||
| BOND | PIMCO Active Bond Exchange-Traded Fund | +40,470 | 111,468 | $10,278,464 | |
| NVO | Novo Nordisk A S | +26,775 | 26,795 | $1,284,552 | |
| BSX | Boston Scientific Corp | +21,763 | 27,127 | $1,157,780 | |
| JPIE | JPMorgan Income ETF | +13,109 | 247,862 | $11,414,045 | |
| NCLH | Norwegian Cruise Line Holdings Ltd. | +11,729 | 76,116 | $1,606,808 | |
| FETH | Fidelity Ethereum Fund | +11,045 | 95,021 | $1,495,630 | |
| EFA | iShares MSCI EAFE ETF | +10,531 | 72,892 | $7,572,020 | |
| VUG | VANGUARD GROWTH INDEX FUND | +7,550 | 9,321 | $802,910 | |
| CRM | Salesforce, Inc. | +7,014 | 7,018 | $1,099,439 | |
| SBET | Sharplink, Inc. | +6,300 | 7,028 | $33,734 | |
| T | At&T Inc. | +4,075 | 48,205 | $997,843 | |
| JCI | Johnson Controls International plc | +2,555 | 2,590 | $378,424 | |
| BABA | Alibaba Group Holding Ltd | +2,535 | 12,658 | $1,214,914 | |
| IUSV | iShares Core S&P U.S. Value ETF | +2,460 | 184,588 | $20,332,368 | |
| DIS | Walt Disney Co | +2,339 | 4,652 | $447,755 | |
| MSFT | Microsoft Corp | +2,190 | 11,839 | $4,416,183 | |
| FBND | Fidelity Total Bond ETF | +2,155 | 98,755 | $4,492,364 | |
| IUSB | iShares Core Universal USD Bond ETF | +1,969 | 91,544 | $4,224,755 | |
| UPS | United Parcel Service Inc | +1,813 | 17,286 | $1,858,245 | |
| ACN | Accenture plc | +1,772 | 7,469 | $929,442 | |
| IEFA | iShares Core MSCI EAFE ETF | +1,627 | 117,424 | $11,340,809 | |
| AMZN | Amazon Com Inc | +1,570 | 9,961 | $2,374,104 | |
| NFLX | Netflix Inc | +1,430 | 17,087 | $1,220,011 | |
| MCHI | iShares MSCI China ETF | +1,414 | 32,870 | $1,677,356 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AGG | iShares Core U.S. Aggregate Bond ETF | −44,086 | 24,744 | $2,449,161 | |
| PFE | Pfizer Inc | −40,805 | 1,344 | $32,363 | |
| PYPL | PayPal Holdings, Inc. | −32,369 | 126 | $5,440 | |
| CSCO | Cisco Systems, Inc. | −12,802 | 4,954 | $581,896 | |
| ZTS | Zoetis Inc. | −8,567 | 39 | $2,802 | |
| LULU | lululemon athletica inc. | −7,240 | 33 | $3,767 | |
| DAL | Delta Air Lines, Inc. | −6,159 | 92 | $8,616 | |
| FISR | State Street(R) Fixed Income Sector Rotation ETF | −5,208 | 219 | $5,617 | |
| PLD | Prologis, Inc. | −4,328 | 315 | $42,673 | |
| SPDW | State Street(R) SPDR(R) Portfolio Developed World ex-US ETF | −3,297 | 9,564 | $481,929 | |
| VYMI | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND | −3,063 | 33,727 | $3,311,991 | |
| FESM | Fidelity Enhanced Small Cap Core ETF | −3,053 | 139,079 | $6,716,124 | |
| AMD | Advanced Micro Devices Inc | −2,779 | 3,635 | $2,111,607 | |
| MU | Micron Technology Inc | −2,365 | 2,257 | $2,605,232 | |
| ETHE | Grayscale Ethereum Staking ETF | −2,264 | 9,934 | $126,757 | |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | −2,192 | 15,289 | $1,222,661 | |
| IBKR | Interactive Brokers Group, Inc. | −2,129 | 4,912 | $427,540 | |
| TLT | iShares 20+ Year Treasury Bond ETF | −2,111 | 134,132 | $11,591,687 | |
| STX | Seagate Technology Holdings plc | −1,885 | 1,767 | $1,705,155 | |
| VRT | Vertiv Holdings Co | −1,798 | 4,421 | $1,480,239 | |
| VEA | Vanguard FTSE Developed Markets ETF | −1,671 | 13,084 | $932,235 | |
| SPLB | State Street(R) SPDR(R) Portfolio Long Term Corporate Bond ETF | −1,430 | 3,712 | $83,148 | |
| GOOG | Alphabet Inc. | −1,415 | 6,007 | $2,122,453 | |
| TMUS | T-Mobile US, Inc. | −1,413 | 10 | $1,677 | |
| TXN | Texas Instruments Inc | −1,326 | 2,954 | $880,498 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| NKE | NIKE, Inc. | 28,190 | $1,157,199 | |
| BR | Broadridge Financial Solutions, Inc. | 7,926 | $1,085,465 | |
| SAP | Sap SE | 6,841 | $1,054,266 | |
| APH | Amphenol Corp | 3,305 | $582,737 | |
| FDX | Fedex Corp | 1,000 | $313,130 | |
| FDXF | FedEx Freight Holding Company, Inc. | 500 | $75,500 | |
| CRWV | CoreWeave, Inc. | 576 | $57,335 | |
| IREN | IREN Ltd | 565 | $25,837 | |
| RF | Regions Financial Corp | 572 | $17,274 | |
| ADP | Automatic Data Processing Inc | 64 | $14,332 | |
| BETR | Better Home & Finance Holding Co | 400 | $11,000 | |
| EXPE | Expedia Group, Inc. | 42 | $10,746 | |
| F | Ford Motor Co | 750 | $10,425 | |
| MBB | iShares MBS ETF | 96 | $9,073 | |
| DYNF | iShares U.S. Equity Factor Rotation Active ETF | 122 | $8,297 | |
| HSY | Hershey Co | 47 | $8,246 | |
| DRI | Darden Restaurants Inc | 40 | $8,240 | |
| TLH | iShares 10-20 Year Treasury Bond ETF | 81 | $8,128 | |
| PURR | Hyperliquid Strategies Inc | 1,000 | $7,870 | |
| BINC | 136 | $7,118 | ||
| IVW | iShares S&P 500 Growth ETF | 51 | $7,014 | |
| IVE | iShares S&P 500 Value ETF | 26 | $5,903 | |
| OEF | iShares S&P 100 ETF | 13 | $4,756 | |
| BAI | BlackRock ETF Trust | 88 | $4,639 | |
| GOVT | iShares U.S. Treasury Bond ETF | 166 | $3,781 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
14 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| QQEW | First Trust Nasdaq-100 Select Equal Weight ETF | 8,169 | $1,037,217 | |
| ANGL | VanEck Fallen Angel High Yield Bond ETF | 649 | $18,639 | |
| XOM | ExxonMobil Holdings Corp | 78 | $13,233 | |
| BMO | Bank Of Montreal | 80 | $10,827 | |
| HBAN | Huntington Bancshares Inc | 555 | $8,685 | |
| — | 150 | $8,682 | ||
| GIL | Gildan Activewear Inc. | 71 | $3,951 | |
| REGN | Regeneron Pharmaceuticals, Inc. | 4 | $3,090 | |
| GPC | Genuine Parts Co | 29 | $3,066 | |
| MMM | 3M Co | 18 | $2,614 | |
| CDW | CDW Corp | 19 | $2,299 | |
| CMG | Chipotle Mexican Grill Inc | 50 | $1,600 | |
| DPZ | Dominos Pizza Inc | 4 | $1,435 | |
| BBY | Best Buy Co Inc | 21 | $1,348 | |
| No positions match the current search. | ||||
320 tracked positions ·
$320,002,891 total
· filing declares
320 positions · $327,014,179
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 320 positions by value
· page 1 of 7
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| IUSV |
iShares Core S&P U.S. Value ETF
|
Added | 184,588 | $20,332,368 | 6.35% | |
| IUSG |
iShares Core S&P U.S. Growth ETF
|
Reduced | 100,700 | $18,940,663 | 5.92% | |
| TLT |
iShares 20+ Year Treasury Bond ETF
|
Reduced | 134,132 | $11,591,687 | 3.62% | |
| JPIE |
JPMorgan Income ETF
|
Added | 247,862 | $11,414,045 | 3.57% | |
| IEFA |
iShares Core MSCI EAFE ETF
|
Added | 117,424 | $11,340,809 | 3.54% | |
| IJR |
iShares Core S&P Small-Cap ETF
|
Added | 69,807 | $10,353,076 | 3.24% | |
| BOND |
PIMCO Active Bond Exchange-Traded Fund
|
Added | 111,468 | $10,278,464 | 3.21% | |
| PYLD |
|
Added | 374,816 | $9,940,120 | 3.11% | |
| RSP |
Victory Portfolios II
|
Added | 39,568 | $8,418,883 | 2.63% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Reduced | 11,069 | $8,151,211 | 2.55% | |
| EFA |
iShares MSCI EAFE ETF
|
Added | 72,892 | $7,572,020 | 2.37% | |
| FESM |
Fidelity Enhanced Small Cap Core ETF
|
Reduced | 139,079 | $6,716,124 | 2.10% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 18,102 | $5,237,994 | 1.64% | |
| IVV |
iShares Core S&P 500 ETF
|
Added | 6,399 | $4,792,147 | 1.50% | |
| FBND |
Fidelity Total Bond ETF
|
Added | 98,755 | $4,492,364 | 1.40% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 11,839 | $4,416,183 | 1.38% | |
| IUSB |
iShares Core Universal USD Bond ETF
|
Added | 91,544 | $4,224,755 | 1.32% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 19,388 | $3,879,344 | 1.21% | |
| SCZ |
iShares MSCI EAFE Small-Cap ETF
|
Added | 46,878 | $3,856,653 | 1.21% | |
| EEM |
iShares MSCI Emerging Markets ETF
|
Reduced | 55,443 | $3,792,855 | 1.19% | |
| IJH |
iShares Core S&P Mid-Cap ETF
|
Reduced | 47,623 | $3,672,209 | 1.15% | |
| VYMI |
VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND
|
Reduced | 33,727 | $3,311,991 | 1.03% | |
| IAGG |
iShares Core International Aggregate Bond ETF
|
Added | 55,552 | $2,810,931 | 0.88% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 2,257 | $2,605,232 | 0.81% | |
| ISTB |
iShares Core 1-5 Year USD Bond ETF
|
Added | 52,973 | $2,555,947 | 0.80% | |
| AGG |
iShares Core U.S. Aggregate Bond ETF
|
Reduced | 24,744 | $2,449,161 | 0.77% | |
| VYM |
VANGUARD HIGH DIVIDEND YIELD INDEX FUND
|
Added | 15,110 | $2,387,833 | 0.75% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 4,221 | $2,377,647 | 0.74% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 9,961 | $2,374,104 | 0.74% | |
| BUFD |
FT Vest Laddered Deep Buffer ETF
|
Added | 76,899 | $2,285,438 | 0.71% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 6,858 | $2,244,829 | 0.70% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 6,007 | $2,122,453 | 0.66% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 3,635 | $2,111,607 | 0.66% | |
| EMB |
iShares J.P. Morgan USD Emerging Markets Bond ETF
|
Added | 21,268 | $2,051,085 | 0.64% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Added | 11,147 | $2,016,603 | 0.63% | |
| JMBS |
Janus Henderson Mortgage-Backed Securities ETF
|
Added | 44,729 | $2,012,357 | 0.63% | |
| BUFR |
FT Vest Laddered Buffer ETF
|
Added | 54,540 | $1,992,346 | 0.62% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Reduced | 4,664 | $1,938,498 | 0.61% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 5,124 | $1,935,591 | 0.60% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 7,599 | $1,912,212 | 0.60% | |
| ASML |
Asml Holding NV
Technology
|
Reduced | 950 | $1,889,967 | 0.59% | |
| UPS |
United Parcel Service Inc
Industrials
|
Added | 17,286 | $1,858,245 | 0.58% | |
| IGF |
iShares Global Infrastructure ETF
|
Added | 25,801 | $1,718,346 | 0.54% | |
| SPYM |
State Street(R) SPDR(R) Portfolio S&P 500(R) ETF
|
Reduced | 19,408 | $1,705,575 | 0.53% | |
| STX |
Seagate Technology Holdings plc
Technology
|
Reduced | 1,767 | $1,705,155 | 0.53% | |
| ALGN |
Align Technology Inc
Healthcare
|
Reduced | 10,089 | $1,701,610 | 0.53% | |
| MCHI |
iShares MSCI China ETF
|
Added | 32,870 | $1,677,356 | 0.52% | |
| NCLH |
Norwegian Cruise Line Holdings Ltd.
Consumer Cyclical
|
Added | 76,116 | $1,606,808 | 0.50% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 4,440 | $1,565,899 | 0.49% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Added | 36,655 | $1,551,972 | 0.48% |
Showing the top 50 of 320 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.