Richard W. Paul & Associates, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 17, 2024), Richard W. Paul & Associates, LLC reported 504 stock positions worth $278.4 million. Its top holding was iShares Core S&P U.S. Value (IUSV) at 5.5% of the portfolio, followed by iShares Core S&P U.S. Growth (IUSG, 5.1%) and iShares Core S&P Small-Cap E (IJR, 4.8%). Compared with Q2 2024, it opened 29 new positions, sold out of 21, added to 107 and reduced 179. The biggest buy was JPMorgan Income ETF (JPIE, shares +662%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0001964203
- Portfolio Value
- $278.4M (Q3 2024)
- SEC Filing
- 0001964203-24-000004 ↗ filed Oct 17, 2024
Holdings Value
Holdings 504 stocks · $278.4M
| IUSV iShares Core S&P U.S. Value | 5.53% | 161,296 | $15.4M | Add +12.7% |
| IUSG iShares Core S&P U.S. Growth | 5.08% | 107,300 | $14.2M | Reduce -0.7% |
| IJR iShares Core S&P Small-Cap E | 4.84% | 115,138 | $13.5M | Add +5.5% |
| AGG iShares Core U.S. Aggregate | 4.15% | 114,000 | $11.5M | Add +6.9% |
| TLT iShares 20+ Year Treasury BD | 3.92% | 111,155 | $10.9M | Add +2.9% |
| JPIE JPMorgan Income ETF | 3.16% | 189,777 | $8.8M | Add +662.2% |
| QQQ Invesco QQQ Trust Series 1 | 3.11% | 17,740 | $8.7M | Add +0.2% |
| IEFA iShares Core MSCI Eafe ETF | 3.01% | 107,443 | $8.4M | Add +1.4% |
| AAPL Apple Inc. | 1.87% | 22,369 | $5.2M | Reduce -2.7% |
| EFA iShares MSCI Eafe ETF | 1.86% | 61,876 | $5.2M | Add +2.5% |
| IEMG iShares Core MSCI Emerging | 1.74% | 84,218 | $4.8M | Add +1.0% |
| MSFT Microsoft Corp. | 1.48% | 9,547 | $4.1M | Reduce -0.4% |
| IVV iShares Core S&P 500 ETF | 1.40% | 6,742 | $3.9M | Add +0.1% |
| MCHI iShares MSCI China ETF | 1.30% | 70,900 | $3.6M | Reduce -0.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.15% | 67,666 | $3.2M | Add +2.0% |
| XLV SS Health Care Select Sector | 1.11% | 20,129 | $3.1M | Reduce -3.7% |
| XLP SS Consumer Staples Sel Sect | 1.08% | 36,118 | $3.0M | Reduce -2.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.05% | 31,767 | $2.9M | Reduce -63.7% |
| SCZ iShares MSCI Eafe Small-Cap | 1.04% | 42,833 | $2.9M | Add +1.2% |
| EEM iShares MSCI Emerging Market | 0.99% | 60,200 | $2.8M | Add +1.4% |
| ANGL Vaneck Fallen Angel High YLD | 0.97% | 91,414 | $2.7M | Reduce -12.6% |
| NVDA Nvidia Corp. | 0.93% | 21,210 | $2.6M | Add +0.8% |
| XLK SS Technology Select Sector | 0.88% | 10,899 | $2.5M | Reduce -3.3% |
| XLY SS Consumer Disc Select Sect | 0.83% | 11,521 | $2.3M | Reduce -0.9% |
| META Meta Platforms Inc. Class A | 0.76% | 3,673 | $2.1M | Reduce -5.5% |
| AMZN Amazon.com Inc. | 0.75% | 11,202 | $2.1M | Reduce -1.8% |
| JEPI JPMorgan Equity Premium Inco | 0.74% | 34,435 | $2.0M | Reduce -21.3% |
| IAGG iShares Intl Aggregate Bond | 0.73% | 39,212 | $2.0M | Add +1.7% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.71% | 36,053 | $2.0M | Add +2.3% |
| DSTL Distillate US Fundamental St | 0.69% | 33,713 | $1.9M | Add +0.6% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.67% | 38,250 | $1.9M | Add +3.4% |
| XLI SS Industrial Select Sector | 0.65% | 13,298 | $1.8M | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 0.65% | 10,755 | $1.8M | Reduce -1.0% |
| ETHE Grayscale Ethereum Staking E | 0.64% | 81,559 | $1.8M | New |
| RSP Invesco S&P 500 Equal Weight | 0.64% | 9,923 | $1.8M | Reduce -7.1% |
| COIN Coinbase Global Inc. Class A | 0.64% | 9,951 | $1.8M | Reduce -3.4% |
| AVGO Broadcom Inc. | 0.62% | 10,064 | $1.7M | Reduce -5.6% |
| QQEW First TR Nasdaq-100 Sel Eq | 0.61% | 13,577 | $1.7M | Reduce -5.8% |
| PYPL PayPal Holdings Inc. | 0.60% | 21,344 | $1.7M | Reduce -3.8% |
| XLRE SS Real Estate Select Sector | 0.56% | 34,992 | $1.6M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 0.56% | 7,371 | $1.6M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.55% | 14,530 | $1.5M | Reduce -1.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.54% | 22,434 | $1.5M | Reduce -7.3% |
| ABBV Abbvie Inc. | 0.53% | 7,446 | $1.5M | Reduce -1.9% |
| IWM iShares Russell 2000 ETF | 0.51% | 6,437 | $1.4M | Reduce -7.6% |
| NFLX Netflix Inc. | 0.51% | 1,988 | $1.4M | Reduce -17.3% |
| ORCL Oracle Corp. | 0.50% | 8,150 | $1.4M | Add +9.0% |
| ADBE Adobe Inc. | 0.50% | 2,675 | $1.4M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 0.49% | 1,540 | $1.4M | Reduce -16.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 2,379 | $1.4M | Add +3.2% |
| VZ Verizon Communications Inc. | 0.48% | 30,003 | $1.3M | Add +0.7% |
| LMBS First Trust Low Duration Opp | 0.48% | 26,901 | $1.3M | Add +1.8% |
| ZTS Zoetis Inc. | 0.47% | 6,710 | $1.3M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 0.47% | 7,904 | $1.3M | Reduce -1.9% |
| PM Philip Morris International | 0.47% | 10,775 | $1.3M | Reduce -2.6% |
| HD Home Depot Inc. | 0.47% | 3,226 | $1.3M | Reduce -0.1% |
| FETH Fidelity Ethereum Fund | 0.46% | 49,672 | $1.3M | New |
| UNH Unitedhealth Group Inc. | 0.46% | 2,200 | $1.3M | Add +0.1% |
| VOLATILITY SHS TR | 0.46% | 225,156 | $1.3M | Add +3746.8% |
| AMD Advanced Micro Devices | 0.46% | 7,758 | $1.3M | Add +19.1% |
| MRK Merck & Co. Inc. | 0.43% | 10,630 | $1.2M | Add +11.5% |
| ROKU Roku Inc. | 0.42% | 15,820 | $1.2M | Add +27.3% |
| BYLD iShares Yield Optimized Bond | 0.40% | 48,329 | $1.1M | Add +1.8% |
| CMG Chipotle Mexican Grill Inc. | 0.40% | 19,156 | $1.1M | Add +9.1% |
| MA Mastercard Inc. Class A | 0.39% | 2,226 | $1.1M | Reduce -1.5% |
| MU Micron Technology Inc. | 0.39% | 10,569 | $1.1M | Add +4028.5% |
| ULTA Ulta Beauty Inc. | 0.39% | 2,774 | $1.1M | Add +32.4% |
| LULU Lululemon Athletica Inc. | 0.39% | 3,958 | $1.1M | Add +497.0% |
| PG The Procter & Gamble Co. | 0.38% | 6,123 | $1.1M | Add +1.8% |
| JNJ Johnson & Johnson | 0.38% | 6,467 | $1.0M | Add +2.0% |
| CIBR First Trust Nasdaq Cybersecu | 0.37% | 17,519 | $1.0M | Add +937.2% |
| DHR Danaher Corp. | 0.37% | 3,687 | $1.0M | Reduce -1.8% |
| WMT Walmart Inc. | 0.37% | 12,649 | $1.0M | Reduce -11.3% |
| T AT&T Inc. | 0.36% | 45,907 | $1.0M | Reduce -8.3% |
| STX Seagate Technology Holdings | 0.36% | 9,119 | $999K | Reduce -0.2% |
| UPS United Parcel Service Class B | 0.36% | 7,254 | $989K | Add +89.4% |
| SBUX Starbucks Corp. | 0.35% | 10,045 | $979K | Reduce -0.7% |
| IBB iShares Biotechnology ETF | 0.35% | 6,723 | $979K | Add +0.8% |
| QQQM Invesco Nasdaq 100 ETF | 0.35% | 4,838 | $972K | Reduce -9.1% |
| CVS CVS Health Corp. | 0.34% | 15,222 | $957K | Add +5.1% |
| VIG Vanguard Dividend Apprec ETF | 0.34% | 4,808 | $952K | Reduce -6.2% |
| XLF SS Financial Select Sector | 0.34% | 21,011 | $952K | Reduce -11.1% |
| NEE Nextera Energy Inc. | 0.34% | 11,168 | $944K | Reduce -1.4% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.34% | 15,345 | $938K | Reduce -8.8% |
| MO Altria Group Inc. | 0.33% | 18,199 | $929K | Add +0.4% |
| MMM 3M Co. | 0.33% | 6,784 | $927K | Reduce -2.7% |
| XLC SS Comm Select Sector SPDR | 0.33% | 10,166 | $919K | Reduce -13.5% |
| PFE Pfizer Inc. | 0.33% | 31,692 | $917K | Add +1.6% |
| QCOM Qualcomm Inc. | 0.33% | 5,360 | $911K | Add +68.1% |
| LLY Eli Lilly & Co. | 0.33% | 1,027 | $910K | Reduce -2.8% |
| TSLA Tesla Inc. | 0.33% | 3,459 | $905K | Reduce -0.0% |
| CSCO Cisco Systems Inc. | 0.32% | 16,722 | $890K | Add +5.4% |
| ICVT iShares Convertible Bond ETF | 0.32% | 10,511 | $879K | Add +1.7% |
| KO The Coca-Cola Co. | 0.31% | 12,183 | $875K | Reduce -0.1% |
| VEA Vanguard Ftse Developed ETF | 0.31% | 16,273 | $859K | Reduce -3.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.30% | 2,194 | $842K | Reduce -7.6% |
| SHW The Sherwin-Williams Co. | 0.30% | 2,205 | $842K | Reduce -4.1% |
| INTU Intuit Inc. | 0.29% | 1,318 | $819K | Reduce -1.2% |
| BMY Bristol-Myers Squibb Co. | 0.28% | 15,065 | $779K | Reduce -1.4% |
| DELL Dell Technologies -C | 0.28% | 6,499 | $770K | Reduce -1.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BKKT.WS Bakkt Holdings Inc. -CW26 | *W EXP 10/25/202 | 20 | $2 | No change |
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: $278.4M.
Portfolio Sells Q2 2024 → Q3 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -63.7% | 1.05% | −2.06 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -97.5% | 0.04% | −1.46 |
| TWLO Twilio Inc. Class A | Reduce -98.9% | 0.00% | −0.35 |
| ALB Albemarle Corp. | Reduce -99.0% | 0.00% | −0.31 |
| VEGI iShares MSCI Agriculture Pro | Sold out | 0.00% | −0.31 |
| COIN Coinbase Global Inc. Class A | Reduce -3.4% | 0.64% | −0.25 |
| DLR Digital Realty Trust Inc. | Reduce -99.6% | 0.00% | −0.24 |
| IUSG iShares Core S&P U.S. Growth | Reduce -0.7% | 5.08% | −0.23 |
| JPST JPMorgan Ultra-Short Income | Reduce -65.0% | 0.11% | −0.22 |
| JEPI JPMorgan Equity Premium Inco | Reduce -21.3% | 0.74% | −0.22 |
| MSFT Microsoft Corp. | Reduce -0.4% | 1.48% | −0.18 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -12.6% | 0.97% | −0.18 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -40.8% | 0.20% | −0.14 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 0.65% | −0.12 |
| NFLX Netflix Inc. | Reduce -17.3% | 0.51% | −0.12 |
| COST Costco Wholesale Corp. | Reduce -16.6% | 0.49% | −0.12 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 0.75% | −0.10 |
| XLK SS Technology Select Sector | Reduce -3.3% | 0.88% | −0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 0.47% | −0.10 |
| ADBE Adobe Inc. | Reduce -1.6% | 0.50% | −0.09 |
| QQEW First TR Nasdaq-100 Sel Eq | Reduce -5.8% | 0.61% | −0.07 |
| DELL Dell Technologies -C | Reduce -1.1% | 0.28% | −0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -2.1% | 0.13% | −0.06 |
| XLV SS Health Care Select Sector | Reduce -3.7% | 1.11% | −0.06 |
| XLC SS Comm Select Sector SPDR | Reduce -13.5% | 0.33% | −0.06 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -9.1% | 0.35% | −0.06 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -7.3% | 0.54% | −0.05 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -8.8% | 0.34% | −0.05 |
| MCK McKesson Corp. | Reduce -1.6% | 0.16% | −0.04 |
| VRT Vertiv Holdings Co. Class A | Reduce -25.2% | 0.18% | −0.04 |
| INTU Intuit Inc. | Reduce -1.2% | 0.29% | −0.04 |
| DTE DTE Energy Company | Reduce -34.5% | 0.10% | −0.04 |
| ISRG Intuitive Surgical Inc. | Reduce -17.0% | 0.25% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -2.8% | 0.33% | −0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -7.6% | 0.30% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -7.1% | 0.64% | −0.04 |
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −0.04 |
| AVGO Broadcom Inc. | Reduce -5.6% | 0.62% | −0.04 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -5.7% | 0.26% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -7.6% | 0.51% | −0.03 |
| LECO Lincoln Electric Holdings | Reduce -24.2% | 0.08% | −0.03 |
| XLF SS Financial Select Sector | Reduce -11.1% | 0.34% | −0.03 |
| JNK SS SPDR BB High Yield Bond | Reduce -11.8% | 0.16% | −0.03 |
| XLSR SS US Sector Rotation | Reduce -4.2% | 0.26% | −0.03 |
| XNTK SS SPDR Nyse Tech ETF | Reduce -34.6% | 0.04% | −0.02 |
| XLP SS Consumer Staples Sel Sect | Reduce -2.7% | 1.08% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -1.5% | 0.14% | −0.02 |
| ARKK ARK Innovation ETF | Reduce -73.2% | 0.01% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -0.7% | 0.13% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.2% | 0.34% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| JPIE JPMorgan Income ETF | Add +662.2% | 3.16% | +2.73 |
| IUSV iShares Core S&P U.S. Value | Add +12.7% | 5.53% | +0.66 |
| ETHE Grayscale Ethereum Staking E | New | 0.64% | +0.64 |
| FETH Fidelity Ethereum Fund | New | 0.46% | +0.46 |
| VOLATILITY SHS TR | Add +3746.8% | 0.46% | +0.44 |
| MU Micron Technology Inc. | Add +4028.5% | 0.39% | +0.38 |
| IJR iShares Core S&P Small-Cap E | Add +5.5% | 4.84% | +0.34 |
| CIBR First Trust Nasdaq Cybersecu | Add +937.2% | 0.37% | +0.34 |
| LULU Lululemon Athletica Inc. | Add +497.0% | 0.39% | +0.31 |
| UPS United Parcel Service Class B | Add +89.4% | 0.36% | +0.15 |
| AGG iShares Core U.S. Aggregate | Add +6.9% | 4.15% | +0.15 |
| ROKU Roku Inc. | Add +27.3% | 0.42% | +0.14 |
| ORCL Oracle Corp. | Add +9.0% | 0.50% | +0.09 |
| TLT iShares 20+ Year Treasury BD | Add +2.9% | 3.92% | +0.09 |
| QCOM Qualcomm Inc. | Add +68.1% | 0.33% | +0.08 |
| ULTA Ulta Beauty Inc. | Add +32.4% | 0.39% | +0.08 |
| SPAB SS SPDR P Agg Bond ETF | Add +406.2% | 0.09% | +0.07 |
| ALGN Align Technology Inc. | Add +28.3% | 0.26% | +0.05 |
| FISR SS Fi Sector Rotation | Add +98.3% | 0.11% | +0.05 |
| AMD Advanced Micro Devices | Add +19.1% | 0.46% | +0.05 |
| XLRE SS Real Estate Select Sector | Add +0.5% | 0.56% | +0.05 |
| ETHA iShares Ethereum Trust ETF | New | 0.04% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | Add +1.4% | 3.01% | +0.04 |
| ABX Abacus Global Management Inc. | Add +27.8% | 0.14% | +0.04 |
| BUFR FT Vest Lad Buffervetf-Usd I | New | 0.04% | +0.04 |
| SCZ iShares MSCI Eafe Small-Cap | Add +1.2% | 1.04% | +0.03 |
| EFA iShares MSCI Eafe ETF | Add +2.5% | 1.86% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +0.1% | 0.46% | +0.03 |
| CSCO Cisco Systems Inc. | Add +5.4% | 0.32% | +0.03 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +13.2% | 0.28% | +0.02 |
| DSTL Distillate US Fundamental St | Add +0.6% | 0.69% | +0.02 |
| JNJ Johnson & Johnson | Add +2.0% | 0.38% | +0.02 |
| GRAYSCALE ETHEREUM MINI TR E | New | 0.02% | +0.02 |
| PLD Prologis Inc. | Add +7.6% | 0.16% | +0.02 |
| EEM iShares MSCI Emerging Market | Add +1.4% | 0.99% | +0.02 |
| DAL Delta Air Lines Inc. | Add +99.0% | 0.03% | +0.02 |
| SPIB SS SPDR P Int C Corp. ETF | New | 0.02% | +0.02 |
| TOTL SS Doubleline TR Tact ETF | New | 0.02% | +0.02 |
| SCHR Schwab Intermediate-Term US | New | 0.02% | +0.02 |
| SPTI SS SPDR P Int Term TSY ETF | Add +1120.9% | 0.02% | +0.01 |
| MO Altria Group Inc. | Add +0.4% | 0.33% | +0.01 |
| UBER Uber Technologies Inc. | Add +196.3% | 0.02% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +1.0% | 1.74% | +0.01 |
| CVS CVS Health Corp. | Add +5.1% | 0.34% | +0.01 |
| GLD SPDR Gold Shares | Add +24.9% | 0.05% | +0.01 |
| SPSB SS SPDR P St C Corp. ETF | Add +271.0% | 0.01% | +0.01 |
| VZ Verizon Communications Inc. | Add +0.7% | 0.48% | +0.01 |
| AHR American Healthcare REIT Inc. | New | 0.01% | +0.01 |
| PEP Pepsico Inc. | Add +7.2% | 0.27% | +0.01 |
| FBTC Fidelity Wise Origin Bitcoin | Add +47.6% | 0.02% | +0.01 |
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 |