Richard W. Paul & Associates, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 23, 2024), Richard W. Paul & Associates, LLC reported 495 stock positions worth $259.1 million. Its top holding was iShares Core S&P U.S. Growth (IUSG) at 5.3% of the portfolio, followed by iShares Core S&P U.S. Value (IUSV, 4.9%) and iShares Core S&P Small-Cap E (IJR, 4.5%). Compared with Q1 2024, it opened 28 new positions, sold out of 45, added to 143 and reduced 143. The biggest buy was iShares Core S&P U.S. Growth (IUSG, shares +5%) and the biggest sale First TR Nasdaq-100 Sel Eq (QQEW, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0001964203
- Portfolio Value
- $259.1M (Q2 2024)
- SEC Filing
- 0001964203-24-000003 ↗ filed Jul 23, 2024
Holdings Value
Holdings 495 stocks · $259.1M
| IUSG iShares Core S&P U.S. Growth | 5.32% | 108,039 | $13.8M | Add +4.5% |
| IUSV iShares Core S&P U.S. Value | 4.87% | 143,163 | $12.6M | Add +5.8% |
| IJR iShares Core S&P Small-Cap E | 4.49% | 109,131 | $11.6M | Add +10.9% |
| AGG iShares Core U.S. Aggregate | 4.00% | 106,667 | $10.4M | Add +4.3% |
| TLT iShares 20+ Year Treasury BD | 3.83% | 108,002 | $9.9M | Add +2.9% |
| QQQ Invesco QQQ Trust Series 1 | 3.27% | 17,706 | $8.5M | Add +12.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.10% | 87,616 | $8.0M | Reduce -4.0% |
| IEFA iShares Core MSCI Eafe ETF | 2.97% | 105,928 | $7.7M | Add +6.3% |
| AAPL Apple Inc. | 1.87% | 22,999 | $4.8M | Add +1.6% |
| EFA iShares MSCI Eafe ETF | 1.83% | 60,370 | $4.7M | Add +7.6% |
| IEMG iShares Core MSCI Emerging | 1.72% | 83,398 | $4.5M | Add +6.1% |
| MSFT Microsoft Corp. | 1.65% | 9,587 | $4.3M | Add +1.2% |
| SPYG SS SPDR P S&P 500 Growth ETF | 1.50% | 48,460 | $3.9M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 1.42% | 6,734 | $3.7M | Reduce -3.3% |
| XLV SS Health Care Select Sector | 1.18% | 20,894 | $3.0M | Reduce -0.2% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.16% | 66,320 | $3.0M | Add +5.7% |
| MCHI iShares MSCI China ETF | 1.16% | 70,972 | $3.0M | Add +2.3% |
| ANGL Vaneck Fallen Angel High YLD | 1.14% | 104,632 | $3.0M | Add +15.1% |
| XLP SS Consumer Staples Sel Sect | 1.10% | 37,130 | $2.8M | Add +3.7% |
| SCZ iShares MSCI Eafe Small-Cap | 1.01% | 42,330 | $2.6M | Add +6.7% |
| NVDA Nvidia Corp. | 1.00% | 21,050 | $2.6M | Reduce -1.9% |
| XLK SS Technology Select Sector | 0.98% | 11,275 | $2.6M | Reduce -15.6% |
| EEM iShares MSCI Emerging Market | 0.98% | 59,356 | $2.5M | Add +16.8% |
| JEPI JPMorgan Equity Premium Inco | 0.96% | 43,740 | $2.5M | Add +18.4% |
| COIN Coinbase Global Inc. Class A | 0.88% | 10,298 | $2.3M | Reduce -3.7% |
| AMZN Amazon.com Inc. | 0.85% | 11,405 | $2.2M | Add +2.5% |
| XLY SS Consumer Disc Select Sect | 0.82% | 11,628 | $2.1M | Add +4.4% |
| GOOG Alphabet Inc. Class C | 0.77% | 10,862 | $2.0M | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.76% | 3,889 | $2.0M | Add +1.9% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.76% | 35,247 | $2.0M | Add +16.3% |
| IAGG iShares Intl Aggregate Bond | 0.74% | 38,557 | $1.9M | Add +5.0% |
| QQEW First TR Nasdaq-100 Sel Eq | 0.69% | 14,415 | $1.8M | Reduce -32.4% |
| RSP Invesco S&P 500 Equal Weight | 0.68% | 10,683 | $1.8M | Reduce -12.3% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.68% | 37,011 | $1.8M | Add +5.1% |
| DSTL Distillate US Fundamental St | 0.67% | 33,526 | $1.7M | Add +10.7% |
| AVGO Broadcom Inc. | 0.66% | 1,066 | $1.7M | Reduce -3.0% |
| XLI SS Industrial Select Sector | 0.64% | 13,517 | $1.6M | Add +3.0% |
| NFLX Netflix Inc. | 0.63% | 2,403 | $1.6M | Add +2.2% |
| COST Costco Wholesale Corp. | 0.61% | 1,846 | $1.6M | Add +1.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.60% | 24,214 | $1.5M | Reduce -8.8% |
| ADBE Adobe Inc. | 0.58% | 2,719 | $1.5M | Add +5.4% |
| JPM JPMorgan Chase & Co. | 0.58% | 7,371 | $1.5M | Reduce -5.3% |
| GOOGL Alphabet Inc. Class A | 0.57% | 8,060 | $1.5M | Reduce -1.5% |
| IWM iShares Russell 2000 ETF | 0.55% | 6,967 | $1.4M | Reduce -10.9% |
| XLRE SS Real Estate Select Sector | 0.52% | 34,826 | $1.3M | Add +18.9% |
| ABBV Abbvie Inc. | 0.50% | 7,592 | $1.3M | Reduce -10.4% |
| PYPL PayPal Holdings Inc. | 0.50% | 22,176 | $1.3M | Add +4.3% |
| LMBS First Trust Low Duration Opp | 0.49% | 26,436 | $1.3M | Add +9.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.48% | 2,306 | $1.3M | Reduce -18.2% |
| VZ Verizon Communications Inc. | 0.47% | 29,794 | $1.2M | Add +0.7% |
| MRK Merck & Co. Inc. | 0.46% | 9,536 | $1.2M | Reduce -0.9% |
| ZTS Zoetis Inc. | 0.45% | 6,789 | $1.2M | Add +8.3% |
| JPIE JPMorgan Income ETF | 0.44% | 24,898 | $1.1M | Add +28.7% |
| PM Philip Morris International | 0.43% | 11,058 | $1.1M | Add +2.3% |
| UNH Unitedhealth Group Inc. | 0.43% | 2,198 | $1.1M | Add +1.8% |
| HD Home Depot Inc. | 0.43% | 3,228 | $1.1M | Add +2.1% |
| CMG Chipotle Mexican Grill Inc. | 0.42% | 17,564 | $1.1M | Add +0.7% |
| AMD Advanced Micro Devices | 0.41% | 6,514 | $1.1M | Add +5.1% |
| BABA Alibaba Group Holding-SP ADR | 0.41% | 14,671 | $1.1M | Add +5.5% |
| ORCL Oracle Corp. | 0.41% | 7,477 | $1.1M | Add +0.8% |
| BYLD iShares Yield Optimized Bond | 0.41% | 47,471 | $1.1M | Add +13.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.41% | 5,324 | $1.0M | Reduce -13.6% |
| XLC SS Comm Select Sector SPDR | 0.39% | 11,757 | $1.0M | Reduce -8.2% |
| MA Mastercard Inc. Class A | 0.38% | 2,259 | $997K | Add +3.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.38% | 16,828 | $996K | Reduce -28.1% |
| PG The Procter & Gamble Co. | 0.38% | 6,016 | $992K | Reduce -17.8% |
| XLF SS Financial Select Sector | 0.37% | 23,626 | $971K | Reduce -1.9% |
| WMT Walmart Inc. | 0.37% | 14,263 | $966K | Add +0.2% |
| T AT&T Inc. | 0.37% | 50,043 | $956K | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.37% | 1,056 | $956K | Reduce -3.5% |
| STX Seagate Technology Holdings | 0.36% | 9,137 | $944K | Reduce -1.3% |
| DHR Danaher Corp. | 0.36% | 3,754 | $938K | Add +4.4% |
| VIG Vanguard Dividend Apprec ETF | 0.36% | 5,124 | $935K | Reduce -11.2% |
| JNJ Johnson & Johnson | 0.36% | 6,339 | $926K | Reduce -2.3% |
| TWLO Twilio Inc. Class A | 0.36% | 16,271 | $924K | Add +7.6% |
| IBB iShares Biotechnology ETF | 0.35% | 6,670 | $916K | Add +16.5% |
| DELL Dell Technologies -C | 0.35% | 6,573 | $906K | Add +0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.34% | 2,375 | $888K | Add +3.9% |
| INTU Intuit Inc. | 0.34% | 1,334 | $877K | Add +3.7% |
| PFE Pfizer Inc. | 0.34% | 31,198 | $873K | Reduce -14.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.33% | 24,652 | $865K | Add +48.4% |
| JPST JPMorgan Ultra-Short Income | 0.33% | 17,007 | $858K | Reduce -1.5% |
| CVS CVS Health Corp. | 0.33% | 14,489 | $856K | Add +43806.1% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 16,900 | $835K | Add +5.8% |
| MO Altria Group Inc. | 0.32% | 18,131 | $826K | Add +2.1% |
| ICVT iShares Convertible Bond ETF | 0.31% | 10,336 | $813K | Add +6.2% |
| ALB Albemarle Corp. | 0.31% | 8,482 | $810K | Add +4.9% |
| ULTA Ulta Beauty Inc. | 0.31% | 2,096 | $809K | Add +8.9% |
| NEE Nextera Energy Inc. | 0.31% | 11,326 | $802K | Reduce -8.4% |
| VEGI iShares MSCI Agriculture Pro | 0.31% | 22,090 | $791K | Add +18.9% |
| SBUX Starbucks Corp. | 0.30% | 10,113 | $787K | Add +24.2% |
| KO The Coca-Cola Co. | 0.30% | 12,200 | $777K | Add +0.6% |
| CSCO Cisco Systems Inc. | 0.29% | 15,867 | $754K | Add +3.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.29% | 6,814 | $753K | Reduce -6.5% |
| ISRG Intuitive Surgical Inc. | 0.29% | 1,683 | $749K | Add +4.2% |
| ROKU Roku Inc. | 0.29% | 12,425 | $745K | Add +16.1% |
| XLSR SS US Sector Rotation | 0.29% | 14,544 | $740K | Reduce -2.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 4,510 | $723K | Add +5.9% |
| MMM 3M Co. | 0.27% | 6,970 | $712K | Add +2.9% |
| SHW The Sherwin-Williams Co. | 0.27% | 2,300 | $686K | Add +3.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BKKT.WS Bakkt Holdings Inc. -CW26 | *W EXP 10/25/202 | 20 | $4 | New |
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: $259.1M.
Portfolio Sells Q1 2024 → Q2 2024
| QQEW First TR Nasdaq-100 Sel Eq | Reduce -32.4% | 0.69% | −0.37 |
| COIN Coinbase Global Inc. Class A | Reduce -3.7% | 0.88% | −0.25 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -4.0% | 3.10% | −0.24 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -28.1% | 0.38% | −0.15 |
| RSP Invesco S&P 500 Equal Weight | Reduce -12.3% | 0.68% | −0.15 |
| XLK SS Technology Select Sector | Reduce -15.6% | 0.98% | −0.13 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.13 |
| ABBV Abbvie Inc. | Reduce -10.4% | 0.50% | −0.11 |
| IWM iShares Russell 2000 ETF | Reduce -10.9% | 0.55% | −0.11 |
| IWY iShares Russell Top 200 Grow | Reduce -86.2% | 0.02% | −0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -18.2% | 0.48% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -17.8% | 0.38% | −0.09 |
| QAI Nylim HDG MLT-STR TRC ETF-Ui | Sold out | 0.00% | −0.08 |
| PFE Pfizer Inc. | Reduce -14.2% | 0.34% | −0.07 |
| VIG Vanguard Dividend Apprec ETF | Reduce -11.2% | 0.36% | −0.06 |
| XLV SS Health Care Select Sector | Reduce -0.2% | 1.18% | −0.06 |
| LECO Lincoln Electric Holdings | Reduce -6.6% | 0.12% | −0.06 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -8.8% | 0.60% | −0.05 |
| JNJ Johnson & Johnson | Reduce -2.3% | 0.36% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -0.9% | 0.46% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -5.3% | 0.58% | −0.05 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -13.6% | 0.41% | −0.04 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -96.1% | 0.00% | −0.04 |
| BANK MONTREAL QUE | Sold out | 0.00% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -3.3% | 1.42% | −0.04 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -12.2% | 0.21% | −0.04 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -13.3% | 0.15% | −0.04 |
| FTLS First Trust Long/Short Eqty | Sold out | 0.00% | −0.03 |
| MPC Marathon Petroleum Corp. | Reduce -1.9% | 0.15% | −0.03 |
| LULU Lululemon Athletica Inc. | Reduce -5.3% | 0.08% | −0.03 |
| TWO RDS SHARED TR | Sold out | 0.00% | −0.03 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -6.5% | 0.29% | −0.03 |
| ACN Accenture PLC Class A | Reduce -11.2% | 0.09% | −0.03 |
| HFND Unltd HFND Mult St Ret Track | Sold out | 0.00% | −0.03 |
| UCON First Trust Smith Unconstrai | Sold out | 0.00% | −0.03 |
| XLF SS Financial Select Sector | Reduce -1.9% | 0.37% | −0.03 |
| KR Kroger Co. | Reduce -6.6% | 0.11% | −0.03 |
| FVAL Fidelity Value Factor ETF | Sold out | 0.00% | −0.03 |
| CRM Salesforce Inc. | Reduce -0.7% | 0.13% | −0.03 |
| XLC SS Comm Select Sector SPDR | Reduce -8.2% | 0.39% | −0.03 |
| SYY Sysco Corp. | Reduce -6.0% | 0.11% | −0.03 |
| PH Parker Hannifin Corp. | Reduce -1.5% | 0.18% | −0.03 |
| WDAY Workday Inc. Class A | Reduce -1.0% | 0.10% | −0.03 |
| FIXD First Trust Smith Opportunis | Reduce -45.9% | 0.03% | −0.03 |
| IQV Iqvia Holdings Inc. | Reduce -0.7% | 0.11% | −0.03 |
| SOLV Solventum Corp. | Reduce -71.3% | 0.01% | −0.03 |
| NSC Norfolk Southern Corp. | Reduce -3.8% | 0.09% | −0.03 |
| PHM Pultegroup Inc. | Reduce -1.4% | 0.16% | −0.02 |
| HYLS FT Tactical High Yield ETF | Sold out | 0.00% | −0.02 |
| CAT Caterpillar Inc. | Reduce -1.1% | 0.14% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| IUSG iShares Core S&P U.S. Growth | Add +4.5% | 5.32% | +0.48 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.0% | 3.27% | +0.47 |
| CVS CVS Health Corp. | Add +43806.1% | 0.33% | +0.33 |
| AAPL Apple Inc. | Add +1.6% | 1.87% | +0.32 |
| IJR iShares Core S&P Small-Cap E | Add +10.9% | 4.49% | +0.15 |
| EEM iShares MSCI Emerging Market | Add +16.8% | 0.98% | +0.14 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +2.6% | 1.50% | +0.12 |
| GOOG Alphabet Inc. Class C | Add +0.8% | 0.77% | +0.11 |
| JEPI JPMorgan Equity Premium Inco | Add +18.4% | 0.96% | +0.10 |
| IEMG iShares Core MSCI Emerging | Add +6.1% | 1.72% | +0.10 |
| XOM Exxon Mobil Corp. | New | 0.10% | +0.10 |
| JEPQ JPM Nasdaq Equity Premium | Add +16.3% | 0.76% | +0.10 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +48.4% | 0.33% | +0.10 |
| ANGL Vaneck Fallen Angel High YLD | Add +15.1% | 1.14% | +0.09 |
| JPIE JPMorgan Income ETF | Add +28.7% | 0.44% | +0.09 |
| COST Costco Wholesale Corp. | Add +1.8% | 0.61% | +0.08 |
| TDIV FT Nasdaq Tech DVD Index FD | New | 0.06% | +0.06 |
| ADBE Adobe Inc. | Add +5.4% | 0.58% | +0.06 |
| XNTK SS SPDR Nyse Tech ETF | New | 0.06% | +0.06 |
| MSFT Microsoft Corp. | Add +1.2% | 1.65% | +0.06 |
| NFLX Netflix Inc. | Add +2.2% | 0.63% | +0.06 |
| MCHI iShares MSCI China ETF | Add +2.3% | 1.16% | +0.06 |
| XLRE SS Real Estate Select Sector | Add +18.9% | 0.52% | +0.05 |
| DELL Dell Technologies -C | Add +0.2% | 0.35% | +0.05 |
| AMZN Amazon.com Inc. | Add +2.5% | 0.85% | +0.05 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +4831.9% | 0.05% | +0.05 |
| IBB iShares Biotechnology ETF | Add +16.5% | 0.35% | +0.04 |
| PM Philip Morris International | Add +2.3% | 0.43% | +0.04 |
| EFA iShares MSCI Eafe ETF | Add +7.6% | 1.83% | +0.04 |
| ORCL Oracle Corp. | Add +0.8% | 0.41% | +0.04 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +19.9% | 0.25% | +0.03 |
| BYLD iShares Yield Optimized Bond | Add +13.1% | 0.41% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +4.2% | 0.29% | +0.03 |
| WMT Walmart Inc. | Add +0.2% | 0.37% | +0.03 |
| ZTS Zoetis Inc. | Add +8.3% | 0.45% | +0.03 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +149.3% | 0.05% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +3.9% | 0.34% | +0.03 |
| VOLATILITY SHS TR | New | 0.03% | +0.03 |
| LMBS First Trust Low Duration Opp | Add +9.4% | 0.49% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +0.7% | 0.42% | +0.02 |
| VEGI iShares MSCI Agriculture Pro | Add +18.9% | 0.31% | +0.02 |
| TXN Texas Instruments Inc. | Add +1.4% | 0.22% | +0.02 |
| SPEM State Street SP PTF Em ETF | Add +6.9% | 0.26% | +0.02 |
| META Meta Platforms Inc. Class A | Add +1.9% | 0.76% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +6.3% | 2.97% | +0.02 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +5.7% | 1.16% | +0.02 |
| INTC Intel Corp. | Add +59.2% | 0.21% | +0.02 |
| SPGI S&P Global Inc. | Add +5.6% | 0.24% | +0.02 |
| DSTL Distillate US Fundamental St | Add +10.7% | 0.67% | +0.01 |
| MCK McKesson Corp. | Add +1.1% | 0.20% | +0.01 |
Notes & Other Activity Q1 2024 → Q2 2024
| BKKT.WS Bakkt Holdings Inc. -CW26 | *W EXP 10/25/202 | New | 20 | $4 |
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 |