Richard W. Paul & Associates, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Richard W. Paul & Associates, LLC reported 511 stock positions worth $250.5 million. Its top holding was iShares Core S&P U.S. Value (IUSV) at 4.9% of the portfolio, followed by iShares Core S&P U.S. Growth (IUSG, 4.8%) and iShares Core S&P Small-Cap E (IJR, 4.3%). Compared with Q4 2023, it opened 33 new positions, sold out of 23, added to 95 and reduced 188. The biggest buy was iShares Core U.S. Aggregate (AGG, shares +104%) and the biggest sale SS SPDR P St C Corp. ETF (SPSB, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0001964203
- Portfolio Value
- $250.5M (Q1 2024)
- SEC Filing
- 0001964203-24-000002 ↗ filed May 14, 2024
Holdings Value
Holdings 511 stocks · $250.5M
| IUSV iShares Core S&P U.S. Value | 4.89% | 135,338 | $12.2M | Reduce -1.2% |
| IUSG iShares Core S&P U.S. Growth | 4.84% | 103,382 | $12.1M | Reduce -2.0% |
| IJR iShares Core S&P Small-Cap E | 4.34% | 98,398 | $10.9M | Add +5.4% |
| AGG iShares Core U.S. Aggregate | 4.00% | 102,285 | $10.0M | Add +103.9% |
| TLT iShares 20+ Year Treasury BD | 3.96% | 104,925 | $9.9M | Add +4.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.34% | 91,230 | $8.4M | Reduce -12.6% |
| IEFA iShares Core MSCI Eafe ETF | 2.95% | 99,676 | $7.4M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 2.80% | 15,806 | $7.0M | Add +3.6% |
| EFA iShares MSCI Eafe ETF | 1.79% | 56,107 | $4.5M | Add +6.3% |
| IEMG iShares Core MSCI Emerging | 1.62% | 78,632 | $4.1M | Add +2.9% |
| MSFT Microsoft Corp. | 1.59% | 9,477 | $4.0M | Reduce -6.8% |
| AAPL Apple Inc. | 1.55% | 22,634 | $3.9M | Add +1.8% |
| IVV iShares Core S&P 500 ETF | 1.46% | 6,964 | $3.7M | Add +1.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.38% | 47,214 | $3.5M | Reduce -19.4% |
| XLV SS Health Care Select Sector | 1.23% | 20,929 | $3.1M | Reduce -28.8% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.14% | 62,719 | $2.9M | New |
| COIN Coinbase Global Inc. Class A | 1.13% | 10,689 | $2.8M | Reduce -19.2% |
| XLK SS Technology Select Sector | 1.11% | 13,356 | $2.8M | Reduce -8.9% |
| MCHI iShares MSCI China ETF | 1.10% | 69,368 | $2.8M | Add +396.8% |
| XLP SS Consumer Staples Sel Sect | 1.09% | 35,820 | $2.7M | Reduce -0.8% |
| QQEW First TR Nasdaq-100 Sel Eq | 1.05% | 21,332 | $2.6M | Reduce -19.3% |
| ANGL Vaneck Fallen Angel High YLD | 1.05% | 90,891 | $2.6M | Add +13.1% |
| SCZ iShares MSCI Eafe Small-Cap | 1.00% | 39,685 | $2.5M | Add +0.3% |
| JEPI JPMorgan Equity Premium Inco | 0.85% | 36,943 | $2.1M | Add +11.2% |
| EEM iShares MSCI Emerging Market | 0.83% | 50,812 | $2.1M | Add +11.9% |
| RSP Invesco S&P 500 Equal Weight | 0.82% | 12,181 | $2.1M | Reduce -15.8% |
| XLY SS Consumer Disc Select Sect | 0.82% | 11,135 | $2.0M | Reduce -6.3% |
| AMZN Amazon.com Inc. | 0.80% | 11,126 | $2.0M | Reduce -1.9% |
| NVDA Nvidia Corp. | 0.77% | 2,146 | $1.9M | Reduce -12.9% |
| META Meta Platforms Inc. Class A | 0.74% | 3,817 | $1.9M | Reduce -15.4% |
| IAGG iShares Intl Aggregate Bond | 0.73% | 36,718 | $1.8M | Add +4.4% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.67% | 35,203 | $1.7M | Add +1.7% |
| XLI SS Industrial Select Sector | 0.66% | 13,126 | $1.7M | Reduce -1.0% |
| IWM iShares Russell 2000 ETF | 0.66% | 7,823 | $1.6M | Reduce -14.7% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.66% | 30,308 | $1.6M | Add +9.6% |
| GOOG Alphabet Inc. Class C | 0.66% | 10,777 | $1.6M | Reduce -0.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.65% | 26,564 | $1.6M | Reduce -13.0% |
| DSTL Distillate US Fundamental St | 0.65% | 30,279 | $1.6M | Add +6.4% |
| JPM JPMorgan Chase & Co. | 0.62% | 7,786 | $1.6M | Reduce -7.6% |
| ABBV Abbvie Inc. | 0.62% | 8,472 | $1.5M | Reduce -3.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.59% | 2,819 | $1.5M | Reduce -11.0% |
| AVGO Broadcom Inc. | 0.58% | 1,099 | $1.5M | Reduce -16.9% |
| NFLX Netflix Inc. | 0.57% | 2,352 | $1.4M | Reduce -3.3% |
| PYPL PayPal Holdings Inc. | 0.57% | 21,268 | $1.4M | Add +17.2% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.54% | 23,411 | $1.3M | Reduce -20.4% |
| COST Costco Wholesale Corp. | 0.53% | 1,813 | $1.3M | Reduce -3.0% |
| ADBE Adobe Inc. | 0.52% | 2,579 | $1.3M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 0.51% | 9,626 | $1.3M | Reduce -0.9% |
| VZ Verizon Communications Inc. | 0.50% | 29,584 | $1.2M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.49% | 8,186 | $1.2M | Reduce -3.6% |
| HD Home Depot Inc. | 0.48% | 3,163 | $1.2M | Reduce -1.6% |
| PG The Procter & Gamble Co. | 0.47% | 7,315 | $1.2M | Add +2.1% |
| LMBS First Trust Low Duration Opp | 0.47% | 24,154 | $1.2M | Add +11.4% |
| XLRE SS Real Estate Select Sector | 0.46% | 29,286 | $1.2M | New |
| QQQM Invesco Nasdaq 100 ETF | 0.45% | 6,164 | $1.1M | Reduce -17.2% |
| AMD Advanced Micro Devices | 0.45% | 6,200 | $1.1M | Reduce -23.2% |
| UNH Unitedhealth Group Inc. | 0.43% | 2,160 | $1.1M | Add +5.0% |
| ALB Albemarle Corp. | 0.43% | 8,085 | $1.1M | Add +65.4% |
| ZTS Zoetis Inc. | 0.42% | 6,266 | $1.1M | Add +3.5% |
| VIG Vanguard Dividend Apprec ETF | 0.42% | 5,767 | $1.1M | Reduce -13.0% |
| MA Mastercard Inc. Class A | 0.42% | 2,175 | $1.0M | Add +0.1% |
| XLC SS Comm Select Sector SPDR | 0.42% | 12,811 | $1.0M | Reduce -8.5% |
| JNJ Johnson & Johnson | 0.41% | 6,486 | $1.0M | Add +8.9% |
| CMG Chipotle Mexican Grill Inc. | 0.40% | 349 | $1.0M | Reduce -15.3% |
| XLF SS Financial Select Sector | 0.40% | 24,081 | $1.0M | Reduce -4.2% |
| PFE Pfizer Inc. | 0.40% | 36,357 | $1.0M | Add +31.2% |
| BABA Alibaba Group Holding-SP ADR | 0.40% | 13,910 | $1.0M | Add +2.9% |
| ULTA Ulta Beauty Inc. | 0.40% | 1,924 | $1.0M | Reduce -0.6% |
| PM Philip Morris International | 0.40% | 10,808 | $990K | Add +7.8% |
| BYLD iShares Yield Optimized Bond | 0.37% | 41,959 | $938K | Add +11.5% |
| ORCL Oracle Corp. | 0.37% | 7,419 | $932K | Reduce -0.7% |
| TWLO Twilio Inc. Class A | 0.37% | 15,118 | $924K | Add +0.8% |
| DHR Danaher Corp. | 0.36% | 3,597 | $898K | Add +14.3% |
| T AT&T Inc. | 0.35% | 50,180 | $883K | Add +0.2% |
| JPIE JPMorgan Income ETF | 0.35% | 19,345 | $881K | Add +28.4% |
| JPST JPMorgan Ultra-Short Income | 0.35% | 17,259 | $871K | Add +3.7% |
| STX Seagate Technology Holdings | 0.34% | 9,253 | $861K | Reduce -14.4% |
| WMT Walmart Inc. | 0.34% | 14,231 | $856K | Reduce -1.1% |
| LLY Eli Lilly & Co. | 0.34% | 1,094 | $851K | Reduce -6.3% |
| INTU Intuit Inc. | 0.33% | 1,286 | $836K | Reduce -2.3% |
| SHV iShares 0-1 Year Treasury Bo | 0.32% | 7,291 | $806K | Reduce -18.8% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 15,976 | $802K | Reduce -3.1% |
| BMY Bristol-Myers Squibb Co. | 0.32% | 14,651 | $795K | Add +24.3% |
| NEE Nextera Energy Inc. | 0.32% | 12,360 | $790K | Add +16.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 2,285 | $787K | Reduce -6.7% |
| IBB iShares Biotechnology ETF | 0.31% | 5,726 | $786K | Add +8.8% |
| ICVT iShares Convertible Bond ETF | 0.31% | 9,734 | $777K | Add +1.2% |
| MO Altria Group Inc. | 0.31% | 17,758 | $775K | Add +10.7% |
| SHW The Sherwin-Williams Co. | 0.31% | 2,224 | $772K | Add +20.1% |
| CSCO Cisco Systems Inc. | 0.31% | 15,323 | $765K | Add +7.8% |
| DELL Dell Technologies -C | 0.30% | 6,562 | $749K | Reduce -4.0% |
| SBUX Starbucks Corp. | 0.30% | 8,144 | $744K | Add +14.5% |
| XLSR SS US Sector Rotation | 0.30% | 14,890 | $742K | Reduce -11.4% |
| KO The Coca-Cola Co. | 0.30% | 12,128 | $742K | Add +1.0% |
| MMM 3M Co. | 0.29% | 6,773 | $718K | Add +1.1% |
| VEGI iShares MSCI Agriculture Pro | 0.29% | 18,582 | $715K | Add +11.9% |
| PEP Pepsico Inc. | 0.28% | 4,040 | $707K | Add +5.3% |
| ROKU Roku Inc. | 0.28% | 10,707 | $698K | Add +4.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 4,260 | $694K | Reduce -5.9% |
| ALGN Align Technology Inc. | 0.27% | 2,085 | $684K | Add +24.9% |
Lines left out (1) · $1 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| BUZZ Vaneck Social Sentiment ETF | SOCIAL SENTIMENT | 0 | $1 |
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: $250.5M.
Portfolio Sells Q4 2023 → Q1 2024
| SPSB SS SPDR P St C Corp. ETF | Reduce -99.5% | 0.01% | −1.82 |
| BBAG JPMorgan Betabuilders US Agg | Reduce -99.1% | 0.01% | −1.13 |
| HYLS FT Tactical High Yield ETF | Reduce -97.0% | 0.02% | −0.76 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -12.6% | 3.34% | −0.66 |
| XLV SS Health Care Select Sector | Reduce -28.8% | 1.23% | −0.45 |
| QQEW First TR Nasdaq-100 Sel Eq | Reduce -19.3% | 1.05% | −0.25 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -19.4% | 1.38% | −0.22 |
| MCD McDonald's Corp. | Reduce -89.0% | 0.02% | −0.21 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -20.4% | 0.54% | −0.15 |
| ADBE Adobe Inc. | Reduce -1.9% | 0.52% | −0.14 |
| RSP Invesco S&P 500 Equal Weight | Reduce -15.8% | 0.82% | −0.14 |
| TSLA Tesla Inc. | Reduce -2.8% | 0.25% | −0.13 |
| IWM iShares Russell 2000 ETF | Reduce -14.7% | 0.66% | −0.12 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -18.8% | 0.32% | −0.09 |
| PANW Palo Alto Networks Inc. | Reduce -86.7% | 0.01% | −0.09 |
| INTC Intel Corp. | Reduce -18.4% | 0.20% | −0.09 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -17.2% | 0.45% | −0.08 |
| XLY SS Consumer Disc Select Sect | Reduce -6.3% | 0.82% | −0.08 |
| XLK SS Technology Select Sector | Reduce -8.9% | 1.11% | −0.07 |
| COP Conocophillips | Reduce -98.7% | 0.00% | −0.07 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -13.0% | 0.65% | −0.06 |
| JCI Johnson Controls Internation | Reduce -98.1% | 0.00% | −0.06 |
| VIG Vanguard Dividend Apprec ETF | Reduce -13.0% | 0.42% | −0.05 |
| AMD Advanced Micro Devices | Reduce -23.2% | 0.45% | −0.05 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -14.3% | 0.25% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -11.0% | 0.59% | −0.04 |
| STX Seagate Technology Holdings | Reduce -14.4% | 0.34% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -1.3% | 0.11% | −0.04 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -67.7% | 0.02% | −0.04 |
| IWY iShares Russell Top 200 Grow | Reduce -27.8% | 0.13% | −0.04 |
| BKR Baker Hughes Co. | Reduce -98.5% | 0.00% | −0.04 |
| AVGO Broadcom Inc. | Reduce -16.9% | 0.58% | −0.04 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -64.1% | 0.02% | −0.04 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -12.6% | 0.24% | −0.03 |
| EVVAQ Enviva LLC | Sold out | 0.00% | −0.03 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -96.4% | 0.00% | −0.03 |
| VLTO Veralto Corp. | Reduce -99.2% | 0.00% | −0.03 |
| MINT PIMCO Enhanced Short Maturit | Reduce -11.2% | 0.15% | −0.03 |
| XLSR SS US Sector Rotation | Reduce -11.4% | 0.30% | −0.03 |
| FISV Fiserv Inc. | Reduce -28.7% | 0.12% | −0.03 |
| SPEM State Street SP PTF Em ETF | Reduce -7.0% | 0.24% | −0.03 |
| TIPX SS SPDR BB 1-10YR Tips ETF | Reduce -88.3% | 0.00% | −0.03 |
| SPGI S&P Global Inc. | Reduce -0.4% | 0.22% | −0.02 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Reduce -15.4% | 0.08% | −0.02 |
| GWX State Street SPDR S&P Intern | Reduce -19.9% | 0.06% | −0.02 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -12.3% | 0.14% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -3.7% | 0.12% | −0.02 |
| MSFT Microsoft Corp. | Reduce -6.8% | 1.59% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -0.7% | 2.95% | −0.01 |
| WDAY Workday Inc. Class A | Reduce -3.6% | 0.13% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| AGG iShares Core U.S. Aggregate | Add +103.9% | 4.00% | +1.91 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | New | 1.14% | +1.14 |
| MCHI iShares MSCI China ETF | Add +396.8% | 1.10% | +0.86 |
| XLRE SS Real Estate Select Sector | New | 0.46% | +0.46 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.6% | 2.80% | +0.18 |
| DPZ Domino's Pizza Inc. | New | 0.16% | +0.16 |
| PLD Prologis Inc. | New | 0.15% | +0.15 |
| ABX Abacus Global Management Inc. | New | 0.14% | +0.14 |
| ALB Albemarle Corp. | Add +65.4% | 0.43% | +0.13 |
| EFA iShares MSCI Eafe ETF | Add +6.3% | 1.79% | +0.12 |
| JNK SS SPDR BB High Yield Bond | Add +194.7% | 0.18% | +0.12 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.11% | +0.11 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +98.5% | 0.22% | +0.10 |
| PYPL PayPal Holdings Inc. | Add +17.2% | 0.57% | +0.10 |
| IJR iShares Core S&P Small-Cap E | Add +5.4% | 4.34% | +0.09 |
| FANG Diamondback Energy Inc. | New | 0.09% | +0.09 |
| JEPI JPMorgan Equity Premium Inco | Add +11.2% | 0.85% | +0.09 |
| ANGL Vaneck Fallen Angel High YLD | Add +13.1% | 1.05% | +0.08 |
| ALGN Align Technology Inc. | Add +24.9% | 0.27% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +1.1% | 1.46% | +0.08 |
| JEPQ JPM Nasdaq Equity Premium | Add +9.6% | 0.66% | +0.08 |
| PFE Pfizer Inc. | Add +31.2% | 0.40% | +0.07 |
| EEM iShares MSCI Emerging Market | Add +11.9% | 0.83% | +0.07 |
| SHW The Sherwin-Williams Co. | Add +20.1% | 0.31% | +0.07 |
| JPIE JPMorgan Income ETF | Add +28.4% | 0.35% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +24.3% | 0.32% | +0.06 |
| DSTL Distillate US Fundamental St | Add +6.4% | 0.65% | +0.06 |
| DHR Danaher Corp. | Add +14.3% | 0.36% | +0.05 |
| TMUS T-Mobile US Inc. | Add +77.0% | 0.11% | +0.05 |
| NEE Nextera Energy Inc. | Add +16.0% | 0.32% | +0.04 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.04% | +0.04 |
| BANK MONTREAL QUE | New | 0.04% | +0.04 |
| MO Altria Group Inc. | Add +10.7% | 0.31% | +0.04 |
| PG The Procter & Gamble Co. | Add +2.1% | 0.47% | +0.03 |
| SNPS Synopsys Inc. | New | 0.03% | +0.03 |
| BITB Bitwise Bitcoin ETF | New | 0.03% | +0.03 |
| MA Mastercard Inc. Class A | Add +0.1% | 0.42% | +0.03 |
| EMHC SS SPDR BB Em Usd Bond ETF | New | 0.03% | +0.03 |
| LMBS First Trust Low Duration Opp | Add +11.4% | 0.47% | +0.03 |
| XT Ishar Fture Exp Tech ETF-Usd | New | 0.02% | +0.02 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +16.3% | 0.18% | +0.02 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.02% | +0.02 |
| BYLD iShares Yield Optimized Bond | Add +11.5% | 0.37% | +0.02 |
| VEGI iShares MSCI Agriculture Pro | Add +11.9% | 0.29% | +0.02 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | Add +8.9% | 0.41% | +0.02 |
| DJT Trump Media & Technology Gro | New | 0.02% | +0.02 |
| PRU Prudential Financial Inc. | Add +0.2% | 0.23% | +0.02 |
| IBB iShares Biotechnology ETF | Add +8.8% | 0.31% | +0.01 |
| SBUX Starbucks Corp. | Add +14.5% | 0.30% | +0.01 |
Notes & Other Activity Q4 2023 → Q1 2024
| VCSH Vanguard S/T Corp. Bond ETF | SHRT TRM CORP BD | Sold out | 0 | $9before exit |
| BKKT.WS Bakkt Holdings Inc. -CW26 | *W EXP 10/25/202 | Sold out | 20 | $7before exit |
| BUZZ Vaneck Social Sentiment ETF | SOCIAL SENTIMENT | New | 0 | $1 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |