Richard W. Paul & Associates, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Richard W. Paul & Associates, LLC reported 319 stock positions worth $327.0 million. Its top holding was iShares Core S&P U.S. Value (IUSV) at 6.2% of the portfolio, followed by iShares Core S&P U.S. Growth (IUSG, 5.8%) and iShares 20+ Year Treasury BD (TLT, 3.5%). Compared with Q1 2026, it opened 34 new positions, sold out of 14, added to 98 and reduced 118. The biggest buy was PIMCO Active Bond Exchange-T (BOND, shares +57%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0001964203
- Portfolio Value
- $327.0M (Q2 2026)
- SEC Filing
- 0001964203-26-000003 ↗ filed Aug 10, 2026
Holdings Value
Holdings 319 stocks · $327.0M
| IUSV iShares Core S&P U.S. Value | 6.22% | 184,588 | $20.3M | Add +1.4% |
| IUSG iShares Core S&P U.S. Growth | 5.79% | 100,700 | $18.9M | Reduce -0.0% |
| TLT iShares 20+ Year Treasury BD | 3.54% | 134,132 | $11.6M | Reduce -1.6% |
| JPIE JPMorgan Income ETF | 3.49% | 247,862 | $11.4M | Add +5.6% |
| IEFA iShares Core MSCI Eafe ETF | 3.47% | 117,424 | $11.3M | Add +1.4% |
| IJR iShares Core S&P Small-Cap E | 3.17% | 69,807 | $10.4M | Add +0.8% |
| BOND PIMCO Active Bond Exchange-T | 3.14% | 111,468 | $10.3M | Add +57.0% |
| PYLD PIMCO Multisector Bond Actv | 3.04% | 374,816 | $9.9M | Add +29.6% |
| RSP Invesco S&P 500 Equal Weight | 2.57% | 39,568 | $8.4M | Add +3.4% |
| QQQ Invesco QQQ Trust Series 1 | 2.49% | 11,069 | $8.2M | Reduce -3.5% |
| EFA iShares MSCI Eafe ETF | 2.32% | 72,892 | $7.6M | Add +16.9% |
| IEMG iShares Core MSCI Emerging | 2.14% | 84,321 | $7.0M | Add +0.6% |
| FESM Fidelity Enhanced Small Cap | 2.05% | 139,079 | $6.7M | Reduce -2.1% |
| AAPL Apple Inc. | 1.60% | 18,102 | $5.2M | Reduce -0.5% |
| IVV iShares Core S&P 500 ETF | 1.47% | 6,399 | $4.8M | Add +0.1% |
| FBND Fidelity Total Bond ETF | 1.37% | 98,755 | $4.5M | Add +2.2% |
| MSFT Microsoft Corp. | 1.35% | 11,839 | $4.4M | Add +22.7% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.29% | 91,544 | $4.2M | Add +2.2% |
| NVDA Nvidia Corp. | 1.19% | 19,388 | $3.9M | Reduce -1.2% |
| SCZ iShares MSCI Eafe Small-Cap | 1.18% | 46,878 | $3.9M | Add +0.9% |
| EEM iShares MSCI Emerging Market | 1.16% | 55,443 | $3.8M | Reduce -1.7% |
| IJH iShares Core S&P Midcap ETF | 1.12% | 47,623 | $3.7M | Reduce -0.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.01% | 33,727 | $3.3M | Reduce -8.3% |
| IAGG iShares Intl Aggregate Bond | 0.86% | 55,552 | $2.8M | Add +1.3% |
| MU Micron Technology Inc. | 0.80% | 2,257 | $2.6M | Reduce -51.2% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.78% | 52,973 | $2.6M | Add +1.5% |
| AGG iShares Core U.S. Aggregate | 0.75% | 24,744 | $2.4M | Reduce -64.0% |
| VYM Vanguard High DVD Yield ETF | 0.73% | 15,110 | $2.4M | Add +0.4% |
| META Meta Platforms Inc. Class A | 0.73% | 4,221 | $2.4M | Add +28.1% |
| AMZN Amazon.com Inc. | 0.73% | 9,961 | $2.4M | Add +18.7% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.70% | 76,899 | $2.3M | Add +1.0% |
| JPM JPMorgan Chase & Co. | 0.69% | 6,858 | $2.2M | Add +9.1% |
| GOOG Alphabet Inc. Class C | 0.65% | 6,007 | $2.1M | Reduce -19.1% |
| AMD Advanced Micro Devices | 0.65% | 3,635 | $2.1M | Reduce -43.3% |
| EMB iShares JP Morgan Usd Emergi | 0.63% | 21,268 | $2.1M | Add +2.3% |
| PM Philip Morris International | 0.62% | 11,147 | $2.0M | Add +1.0% |
| JMBS Janus Henderson Mortg Backed | 0.62% | 44,729 | $2.0M | Add +2.3% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.61% | 54,540 | $2.0M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.59% | 4,664 | $1.9M | Reduce -2.4% |
| AVGO Broadcom Inc. | 0.59% | 5,124 | $1.9M | Add +0.4% |
| ABBV Abbvie Inc. | 0.58% | 7,599 | $1.9M | Add +8.1% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.58% | 950 | $1.9M | Reduce -22.0% |
| UPS United Parcel Service Class B | 0.57% | 17,286 | $1.9M | Add +11.7% |
| IGF iShares Global Infrastructur | 0.53% | 25,801 | $1.7M | Add +1.7% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.52% | 19,408 | $1.7M | Reduce -1.3% |
| STX Seagate Technology Holdings | 0.52% | 1,767 | $1.7M | Reduce -51.6% |
| ALGN Align Technology Inc. | 0.52% | 10,089 | $1.7M | Reduce -1.2% |
| MCHI iShares MSCI China ETF | 0.51% | 32,870 | $1.7M | Add +4.5% |
| NCLH Norwegian Cruise Line Holdin | 0.49% | 76,116 | $1.6M | Add +18.2% |
| HD Home Depot Inc. | 0.48% | 4,440 | $1.6M | Add +39.0% |
| VZ Verizon Communications Inc. | 0.47% | 36,655 | $1.6M | Add +3.8% |
| GOOGL Alphabet Inc. Class A | 0.47% | 4,305 | $1.5M | Reduce -2.0% |
| MRK Merck & Co. Inc. | 0.47% | 11,886 | $1.5M | Add +1.0% |
| CVS CVS Health Corp. | 0.46% | 14,594 | $1.5M | Add +0.6% |
| FETH Fidelity Ethereum Fund | 0.46% | 95,021 | $1.5M | Add +13.2% |
| D Dominion Energy Inc. | 0.46% | 21,898 | $1.5M | Add +1.9% |
| VRT Vertiv Holdings Co. Class A | 0.45% | 4,421 | $1.5M | Reduce -28.9% |
| PG The Procter & Gamble Co. | 0.45% | 10,019 | $1.5M | Add +14.3% |
| LLY Eli Lilly & Co. | 0.45% | 1,221 | $1.5M | Reduce -3.6% |
| TGT Target Corp. | 0.42% | 10,575 | $1.4M | Reduce -0.7% |
| MO Altria Group Inc. | 0.42% | 19,140 | $1.4M | Add +0.6% |
| DHR Danaher Corp. | 0.42% | 7,203 | $1.4M | Add +20.9% |
| JNJ Johnson & Johnson | 0.42% | 5,402 | $1.4M | Add +1.9% |
| COIN Coinbase Global Inc. Class A | 0.42% | 9,293 | $1.4M | Add +12.2% |
| IWM iShares Russell 2000 ETF | 0.41% | 4,510 | $1.4M | Reduce -3.4% |
| COST Costco Wholesale Corp. | 0.41% | 1,440 | $1.3M | Reduce -12.1% |
| ULTA Ulta Beauty Inc. | 0.40% | 2,921 | $1.3M | Add +7.8% |
| CIBR First Trust Nasdaq Cybersecu | 0.40% | 14,615 | $1.3M | Add +0.6% |
| XLV SS Health Care Select Sector | 0.40% | 8,187 | $1.3M | Reduce -0.7% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.39% | 26,795 | $1.3M | Add +133875.0% |
| FSLR First Solar Inc. | 0.38% | 5,279 | $1.2M | Add +9.7% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.37% | 15,289 | $1.2M | Reduce -12.5% |
| NFLX Netflix Inc. | 0.37% | 17,087 | $1.2M | Add +9.1% |
| BABA Alibaba Group Holding-SP ADR | 0.37% | 12,658 | $1.2M | Add +25.0% |
| JAAA Janus Henderson Aaa Clo ETF | 0.37% | 23,872 | $1.2M | Add +1.1% |
| NEE Nextera Energy Inc. | 0.37% | 13,660 | $1.2M | Add +2.5% |
| BSX Boston Scientific Corp. | 0.35% | 27,127 | $1.2M | Add +405.7% |
| NKE Nike Inc. Class B | 0.35% | 28,190 | $1.2M | New |
| QCOM Qualcomm Inc. | 0.35% | 6,166 | $1.1M | Reduce -5.3% |
| CRM Salesforce Inc. | 0.34% | 7,018 | $1.1M | Add +175350.0% |
| MA Mastercard Inc. Class A | 0.34% | 2,137 | $1.1M | Add +2.8% |
| QQQM Invesco Nasdaq 100 ETF | 0.33% | 3,585 | $1.1M | Reduce -3.5% |
| BR Broadridge Financial Solutio | 0.33% | 7,926 | $1.1M | New |
| APO Apollo Global Management Inc. | 0.33% | 9,167 | $1.1M | Add +13.9% |
| SAP Sap SE-Sponsored ADR | 0.32% | 6,841 | $1.1M | New |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.32% | 11,334 | $1.0M | Reduce -4.3% |
| WMT Walmart Inc. | 0.31% | 8,955 | $1.0M | Add +1.6% |
| T AT&T Inc. | 0.31% | 48,205 | $998K | Add +9.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.30% | 1,326 | $990K | Add +10.1% |
| FISV Fiserv Inc. | 0.30% | 20,028 | $982K | Add +2.1% |
| XLK SS Technology Select Sector | 0.30% | 5,101 | $972K | Reduce -8.3% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 13,084 | $932K | Reduce -11.3% |
| ACN Accenture PLC Class A | 0.28% | 7,469 | $929K | Add +31.1% |
| XLP SS Consumer Staples Sel Sect | 0.28% | 10,884 | $904K | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.27% | 10,865 | $883K | Add +0.3% |
| TXN Texas Instruments Inc. | 0.27% | 2,954 | $880K | Reduce -31.0% |
| BMY Bristol-Myers Squibb Co. | 0.26% | 14,980 | $863K | Add +0.7% |
| LRCX Lam Research Corp. | 0.26% | 1,936 | $839K | Reduce -5.3% |
| BAC Bank of America Corp. | 0.26% | 14,647 | $835K | Add +6.4% |
| PRU Prudential Financial Inc. | 0.25% | 7,603 | $821K | Add +7.9% |
Lines left out (1) · $2 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BUZZ Vaneck Social Sentiment ETF | SOCIAL SENTIMENT | 0 | $2 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $327.0M.
Portfolio Sells Q1 2026 → Q2 2026
| AGG iShares Core U.S. Aggregate | Reduce -64.0% | 0.75% | −1.55 |
| PYPL PayPal Holdings Inc. | Reduce -99.6% | 0.00% | −0.49 |
| TLT iShares 20+ Year Treasury BD | Reduce -1.6% | 3.54% | −0.43 |
| PFE Pfizer Inc. | Reduce -96.8% | 0.01% | −0.39 |
| LULU Lululemon Athletica Inc. | Reduce -99.5% | 0.00% | −0.37 |
| QQEW First TR Nasdaq-100 Sel Eq | Sold out | 0.00% | −0.35 |
| ZTS Zoetis Inc. | Reduce -99.5% | 0.00% | −0.34 |
| CSCO Cisco Systems Inc. | Reduce -72.1% | 0.18% | −0.29 |
| LMT Lockheed Martin Corp. | Reduce -99.5% | 0.00% | −0.22 |
| PLD Prologis Inc. | Reduce -93.2% | 0.01% | −0.19 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -8.3% | 1.01% | −0.15 |
| COST Costco Wholesale Corp. | Reduce -12.1% | 0.41% | −0.14 |
| DAL Delta Air Lines Inc. | Reduce -98.5% | 0.00% | −0.14 |
| TMUS T-Mobile US Inc. | Reduce -99.3% | 0.00% | −0.10 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -12.5% | 0.37% | −0.09 |
| VRT Vertiv Holdings Co. Class A | Reduce -28.9% | 0.45% | −0.07 |
| ALGN Align Technology Inc. | Reduce -1.2% | 0.52% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -19.1% | 0.65% | −0.07 |
| LHX L3HARRIS Technologies Inc. | Reduce -18.1% | 0.10% | −0.06 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -25.6% | 0.15% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -4.3% | 0.32% | −0.05 |
| SPGI S&P Global Inc. | Reduce -4.6% | 0.22% | −0.05 |
| FISR SS Fi Sector Rotation | Reduce -96.0% | 0.00% | −0.05 |
| TJX TJX Companies Inc. | Reduce -18.9% | 0.10% | −0.04 |
| SLB SLB Ltd. | Reduce -12.0% | 0.11% | −0.04 |
| MCK McKesson Corp. | Reduce -8.1% | 0.11% | −0.04 |
| FANG Diamondback Energy Inc. | Reduce -5.2% | 0.11% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -11.3% | 0.29% | −0.03 |
| ETHE Grayscale Ethereum Staking E | Reduce -18.6% | 0.04% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -11.3% | 0.24% | −0.03 |
| IBKR Interactive Brokers Gro Class A | Reduce -30.2% | 0.13% | −0.03 |
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -38.3% | 0.03% | −0.03 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.8% | 0.28% | −0.03 |
| AMT American Tower Corp. | Reduce -1.4% | 0.12% | −0.02 |
| QSR Restaurant Brands Intern | Reduce -3.9% | 0.11% | −0.02 |
| PPL PPL Corp. | Reduce -2.2% | 0.08% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -0.6% | 0.10% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -12.3% | 0.25% | −0.01 |
| ORCL Oracle Corp. | Reduce -1.8% | 0.11% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -11.0% | 0.06% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -11.0% | 0.06% | −0.01 |
| SPLB SS SPDR P Long Term C ETF | Reduce -27.8% | 0.03% | −0.01 |
| TGT Target Corp. | Reduce -0.7% | 0.42% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -1.7% | 0.14% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -11.7% | 0.08% | −0.01 |
| AXP American Express Co. | Reduce -8.5% | 0.14% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -1.9% | 0.24% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -31.0% | 0.27% | −0.01 |
| BNY Bank of New York Mellon Corp. | Reduce -15.8% | 0.14% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -0.7% | 0.40% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| BOND PIMCO Active Bond Exchange-T | Add +57.0% | 3.14% | +0.94 |
| PYLD PIMCO Multisector Bond Actv | Add +29.6% | 3.04% | +0.49 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +133875.0% | 0.39% | +0.39 |
| NKE Nike Inc. Class B | New | 0.35% | +0.35 |
| CRM Salesforce Inc. | Add +175350.0% | 0.34% | +0.34 |
| BR Broadridge Financial Solutio | New | 0.33% | +0.33 |
| SAP Sap SE-Sponsored ADR | New | 0.32% | +0.32 |
| EFA iShares MSCI Eafe ETF | Add +16.9% | 2.32% | +0.28 |
| IJR iShares Core S&P Small-Cap E | Add +0.8% | 3.17% | +0.27 |
| BSX Boston Scientific Corp. | Add +405.7% | 0.35% | +0.24 |
| APH Amphenol Corp. Class A | New | 0.18% | +0.18 |
| IEMG iShares Core MSCI Emerging | Add +0.6% | 2.14% | +0.17 |
| MSFT Microsoft Corp. | Add +22.7% | 1.35% | +0.15 |
| AMZN Amazon.com Inc. | Add +18.7% | 0.73% | +0.14 |
| HD Home Depot Inc. | Add +39.0% | 0.48% | +0.13 |
| JCI Johnson Controls Internation | Add +7300.0% | 0.12% | +0.11 |
| CVS CVS Health Corp. | Add +0.6% | 0.46% | +0.11 |
| RSP Invesco S&P 500 Equal Weight | Add +3.4% | 2.57% | +0.10 |
| FDX FedEx Corp. | New | 0.10% | +0.10 |
| CIBR First Trust Nasdaq Cybersecu | Add +0.6% | 0.40% | +0.10 |
| META Meta Platforms Inc. Class A | Add +28.1% | 0.73% | +0.09 |
| NCLH Norwegian Cruise Line Holdin | Add +18.2% | 0.49% | +0.09 |
| ABBV Abbvie Inc. | Add +8.1% | 0.58% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +9.1% | 0.69% | +0.06 |
| DIS The Walt Disney Co. | Add +101.1% | 0.14% | +0.06 |
| FSLR First Solar Inc. | Add +9.7% | 0.38% | +0.06 |
| AVGO Broadcom Inc. | Add +0.4% | 0.59% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +0.1% | 1.47% | +0.06 |
| UPS United Parcel Service Class B | Add +11.7% | 0.57% | +0.06 |
| DHR Danaher Corp. | Add +20.9% | 0.42% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.1% | 0.30% | +0.04 |
| APO Apollo Global Management Inc. | Add +13.9% | 0.33% | +0.03 |
| BAC Bank of America Corp. | Add +6.4% | 0.26% | +0.03 |
| PG The Procter & Gamble Co. | Add +14.3% | 0.45% | +0.02 |
| FDXF FedEx Freight Holding Co. | New | 0.02% | +0.02 |
| PRU Prudential Financial Inc. | Add +7.9% | 0.25% | +0.02 |
| CRWV Coreweave Inc. Class A | New | 0.02% | +0.02 |
| D Dominion Energy Inc. | Add +1.9% | 0.46% | +0.01 |
| SBET Sharplink Inc. | Add +865.4% | 0.01% | +0.01 |
| SPEM State Street SP PTF Em ETF | Add +5.7% | 0.14% | +0.01 |
| IREN Iren Ltd. | New | 0.01% | +0.01 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +38.1% | 0.03% | +0.01 |
| RF Regions Financial Corp. | New | 0.01% | +0.01 |
| ALL Allstate Corp. | Add +1.0% | 0.09% | +0.00 |
| ADP Automatic Data Processing | New | 0.00% | +0.00 |
| MDT Medtronic PLC | Add +163.4% | 0.01% | +0.00 |
| BETR Better Home & Finance Holdin | New | 0.00% | +0.00 |
| EXPE Expedia Group Inc. | New | 0.00% | +0.00 |
| F Ford Motor Co. | New | 0.00% | +0.00 |
| MBB iShares MBS ETF | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 319 | $327.0M | IUSV, IUSG, TLT, JPIE, IEFA |
| Q1 2026 | 299 | $297.1M | IUSV, IUSG, TLT, JPIE, IEFA |
| Q4 2025 | 293 | $301.2M | IUSV, IUSG, AGG, IJR, TLT |
| Q3 2025 | 315 | $292.9M | IUSV, IUSG, IJR, AGG, TLT |
| Q2 2025 | 336 | $276.6M | IUSV, IUSG, AGG, IJR, TLT |
| Q1 2025 | 335 | $255.0M | IUSV, IUSG, IJR, AGG, TLT |
| Q4 2024 | 512 | $274.5M | IUSV, IUSG, IJR, AGG, TLT |
| Q3 2024 | 504 | $278.4M | IUSV, IUSG, IJR, AGG, TLT |
| Q2 2024 | 495 | $259.1M | IUSG, IUSV, IJR, AGG, TLT |
| Q1 2024 | 511 | $250.5M | IUSV, IUSG, IJR, AGG, TLT |