Richard W. Paul & Associates, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Richard W. Paul & Associates, LLC reported 512 stock positions worth $274.5 million. Its top holding was iShares Core S&P U.S. Value (IUSV) at 5.4% of the portfolio, followed by iShares Core S&P U.S. Growth (IUSG, 5.3%) and iShares Core S&P Small-Cap E (IJR, 4.8%). Compared with Q3 2024, it opened 25 new positions, sold out of 18, added to 132 and reduced 158. The biggest buy was Volatility SHS TR (shares +8%) and the biggest sale iShares MSCI China ETF (MCHI, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0001964203
- Portfolio Value
- $274.5M (Q4 2024)
- SEC Filing
- 0001964203-25-000001 ↗ filed Feb 5, 2025
Holdings Value
Holdings 512 stocks · $274.5M
| IUSV iShares Core S&P U.S. Value | 5.45% | 161,459 | $14.9M | Add +0.1% |
| IUSG iShares Core S&P U.S. Growth | 5.26% | 103,639 | $14.4M | Reduce -3.4% |
| IJR iShares Core S&P Small-Cap E | 4.82% | 114,799 | $13.2M | Reduce -0.3% |
| AGG iShares Core U.S. Aggregate | 4.03% | 114,115 | $11.1M | Add +0.1% |
| TLT iShares 20+ Year Treasury BD | 3.59% | 112,997 | $9.9M | Add +1.7% |
| JPIE JPMorgan Income ETF | 3.25% | 195,442 | $8.9M | Add +3.0% |
| QQQ Invesco QQQ Trust Series 1 | 3.25% | 17,437 | $8.9M | Reduce -1.7% |
| IEFA iShares Core MSCI Eafe ETF | 2.84% | 110,808 | $7.8M | Add +3.1% |
| AAPL Apple Inc. | 2.09% | 22,907 | $5.7M | Add +2.4% |
| EFA iShares MSCI Eafe ETF | 1.73% | 62,756 | $4.7M | Add +1.4% |
| IEMG iShares Core MSCI Emerging | 1.62% | 85,266 | $4.5M | Add +1.2% |
| MSFT Microsoft Corp. | 1.50% | 9,750 | $4.1M | Add +2.1% |
| IVV iShares Core S&P 500 ETF | 1.42% | 6,630 | $3.9M | Reduce -1.7% |
| MCHI iShares MSCI China ETF | 1.16% | 67,979 | $3.2M | Reduce -4.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.13% | 68,832 | $3.1M | Add +1.7% |
| NVDA Nvidia Corp. | 1.08% | 22,139 | $3.0M | Add +4.4% |
| XLP SS Consumer Staples Sel Sect | 1.01% | 35,274 | $2.8M | Reduce -2.3% |
| XLV SS Health Care Select Sector | 0.99% | 19,767 | $2.7M | Reduce -1.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.98% | 29,435 | $2.7M | Reduce -7.3% |
| SCZ iShares MSCI Eafe Small-Cap | 0.97% | 43,969 | $2.7M | Add +2.6% |
| ANGL Vaneck Fallen Angel High YLD | 0.95% | 90,995 | $2.6M | Reduce -0.5% |
| EEM iShares MSCI Emerging Market | 0.92% | 60,356 | $2.5M | Add +0.3% |
| XLY SS Consumer Disc Select Sect | 0.89% | 10,887 | $2.4M | Reduce -5.5% |
| XLK SS Technology Select Sector | 0.88% | 10,439 | $2.4M | Reduce -4.2% |
| AMZN Amazon.com Inc. | 0.88% | 10,996 | $2.4M | Reduce -1.8% |
| COIN Coinbase Global Inc. Class A | 0.83% | 9,139 | $2.3M | Reduce -8.2% |
| ETHE Grayscale Ethereum Staking E | 0.80% | 78,087 | $2.2M | Reduce -4.3% |
| AVGO Broadcom Inc. | 0.80% | 9,423 | $2.2M | Reduce -6.4% |
| META Meta Platforms Inc. Class A | 0.77% | 3,629 | $2.1M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 0.74% | 10,727 | $2.0M | Reduce -0.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.74% | 36,156 | $2.0M | Add +0.3% |
| JEPI JPMorgan Equity Premium Inco | 0.72% | 34,559 | $2.0M | Add +0.4% |
| IAGG iShares Intl Aggregate Bond | 0.72% | 39,501 | $2.0M | Add +0.7% |
| VOLATILITY SHS TR | 0.69% | 243,748 | $1.9M | Add +8.3% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.69% | 39,444 | $1.9M | Add +3.1% |
| DSTL Distillate US Fundamental St | 0.67% | 33,623 | $1.8M | Reduce -0.3% |
| PYPL PayPal Holdings Inc. | 0.66% | 21,192 | $1.8M | Reduce -0.7% |
| NFLX Netflix Inc. | 0.64% | 1,959 | $1.7M | Reduce -1.5% |
| FETH Fidelity Ethereum Fund | 0.63% | 51,420 | $1.7M | Add +3.5% |
| XLI SS Industrial Select Sector | 0.62% | 12,922 | $1.7M | Reduce -2.8% |
| JPM JPMorgan Chase & Co. | 0.61% | 6,997 | $1.7M | Reduce -5.1% |
| RSP Invesco S&P 500 Equal Weight | 0.58% | 9,103 | $1.6M | Reduce -8.3% |
| QQEW First TR Nasdaq-100 Sel Eq | 0.57% | 12,552 | $1.6M | Reduce -7.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.55% | 21,805 | $1.5M | Reduce -2.8% |
| GOOGL Alphabet Inc. Class A | 0.52% | 7,540 | $1.4M | Reduce -4.6% |
| XLRE SS Real Estate Select Sector | 0.52% | 35,060 | $1.4M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.52% | 1,555 | $1.4M | Add +1.0% |
| TSLA Tesla Inc. | 0.50% | 3,429 | $1.4M | Reduce -0.9% |
| ABBV Abbvie Inc. | 0.50% | 7,753 | $1.4M | Add +4.1% |
| ORCL Oracle Corp. | 0.49% | 8,090 | $1.3M | Reduce -0.7% |
| LMBS First Trust Low Duration Opp | 0.48% | 26,813 | $1.3M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.47% | 5,845 | $1.3M | Reduce -9.2% |
| LULU Lululemon Athletica Inc. | 0.46% | 3,331 | $1.3M | Reduce -15.8% |
| BABA Alibaba Group Holding-SP ADR | 0.46% | 14,736 | $1.2M | Add +1.4% |
| PM Philip Morris International | 0.45% | 10,361 | $1.2M | Reduce -3.8% |
| ADBE Adobe Inc. | 0.45% | 2,799 | $1.2M | Add +4.6% |
| ULTA Ulta Beauty Inc. | 0.45% | 2,856 | $1.2M | Add +3.0% |
| HD Home Depot Inc. | 0.45% | 3,188 | $1.2M | Reduce -1.2% |
| VZ Verizon Communications Inc. | 0.44% | 30,386 | $1.2M | Add +1.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.44% | 2,070 | $1.2M | Reduce -13.0% |
| ROKU Roku Inc. | 0.43% | 15,997 | $1.2M | Add +1.1% |
| MA Mastercard Inc. Class A | 0.43% | 2,245 | $1.2M | Add +0.8% |
| CMG Chipotle Mexican Grill Inc. | 0.43% | 19,460 | $1.2M | Add +1.6% |
| ZTS Zoetis Inc. | 0.42% | 7,108 | $1.2M | Add +5.9% |
| MRK Merck & Co. Inc. | 0.41% | 11,285 | $1.1M | Add +6.2% |
| UNH Unitedhealth Group Inc. | 0.41% | 2,218 | $1.1M | Add +0.8% |
| CIBR First Trust Nasdaq Cybersecu | 0.40% | 17,431 | $1.1M | Reduce -0.5% |
| WMT Walmart Inc. | 0.40% | 12,025 | $1.1M | Reduce -4.9% |
| BYLD iShares Yield Optimized Bond | 0.39% | 48,133 | $1.1M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 0.38% | 6,153 | $1.0M | Add +0.5% |
| AMD Advanced Micro Devices | 0.36% | 8,178 | $988K | Add +5.4% |
| CSCO Cisco Systems Inc. | 0.36% | 16,683 | $988K | Reduce -0.2% |
| T AT&T Inc. | 0.36% | 43,316 | $986K | Reduce -5.6% |
| XLF SS Financial Select Sector | 0.35% | 20,142 | $973K | Reduce -4.1% |
| JNJ Johnson & Johnson | 0.35% | 6,567 | $950K | Add +1.6% |
| MO Altria Group Inc. | 0.34% | 18,004 | $941K | Reduce -1.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.34% | 4,461 | $939K | Reduce -7.8% |
| XLC SS Comm Select Sector SPDR | 0.34% | 9,669 | $936K | Reduce -4.9% |
| UPS United Parcel Service Class B | 0.34% | 7,332 | $925K | Add +1.1% |
| SBUX Starbucks Corp. | 0.33% | 9,981 | $911K | Reduce -0.6% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.33% | 11,431 | $899K | Add +19.5% |
| IBB iShares Biotechnology ETF | 0.33% | 6,791 | $898K | Add +1.0% |
| LLY Eli Lilly & Co. | 0.33% | 1,163 | $898K | Add +13.2% |
| DHR Danaher Corp. | 0.33% | 3,897 | $895K | Add +5.7% |
| ICVT iShares Convertible Bond ETF | 0.32% | 10,431 | $886K | Reduce -0.8% |
| MMM 3M Co. | 0.32% | 6,839 | $883K | Add +0.8% |
| MU Micron Technology Inc. | 0.32% | 10,363 | $872K | Reduce -1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 4,442 | $870K | Reduce -7.6% |
| PFE Pfizer Inc. | 0.31% | 32,299 | $857K | Add +1.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 2,071 | $850K | Reduce -5.6% |
| INTU Intuit Inc. | 0.31% | 1,346 | $846K | Add +2.1% |
| VEA Vanguard Ftse Developed ETF | 0.29% | 16,819 | $804K | Add +3.4% |
| QCOM Qualcomm Inc. | 0.29% | 5,224 | $803K | Reduce -2.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.29% | 14,442 | $801K | Reduce -5.9% |
| STX Seagate Technology Holdings | 0.29% | 9,258 | $799K | Add +1.5% |
| NEE Nextera Energy Inc. | 0.29% | 11,139 | $799K | Reduce -0.3% |
| KO The Coca-Cola Co. | 0.28% | 12,442 | $775K | Add +2.1% |
| SHW The Sherwin-Williams Co. | 0.28% | 2,251 | $765K | Add +2.1% |
| CVS CVS Health Corp. | 0.27% | 16,527 | $742K | Add +8.6% |
| ISRG Intuitive Surgical Inc. | 0.27% | 1,417 | $740K | Add +1.4% |
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: $274.5M.
Portfolio Sells Q3 2024 → Q4 2024
| MCHI iShares MSCI China ETF | Reduce -4.1% | 1.16% | −0.14 |
| XLV SS Health Care Select Sector | Reduce -1.8% | 0.99% | −0.12 |
| IQV Iqvia Holdings Inc. | Reduce -99.4% | 0.00% | −0.11 |
| FISR SS Fi Sector Rotation | Reduce -82.6% | 0.02% | −0.09 |
| CMCSA Comcast Corp. Class A | Reduce -97.2% | 0.00% | −0.09 |
| FISV Fiserv Inc. | Reduce -97.5% | 0.00% | −0.09 |
| LECO Lincoln Electric Holdings | Reduce -99.6% | 0.00% | −0.08 |
| NSC Norfolk Southern Corp. | Reduce -99.3% | 0.00% | −0.08 |
| ACN Accenture PLC Class A | Reduce -93.2% | 0.01% | −0.08 |
| HII Huntington Ingalls Industrie | Reduce -99.4% | 0.00% | −0.08 |
| MU Micron Technology Inc. | Reduce -1.9% | 0.32% | −0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -7.3% | 0.98% | −0.07 |
| XLP SS Consumer Staples Sel Sect | Reduce -2.3% | 1.01% | −0.07 |
| RSP Invesco S&P 500 Equal Weight | Reduce -8.3% | 0.58% | −0.06 |
| PHM Pultegroup Inc. | Reduce -4.8% | 0.14% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.0% | 0.44% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -0.3% | 0.29% | −0.05 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -5.9% | 0.29% | −0.05 |
| IRM Iron Mountain Inc. | Reduce -15.9% | 0.13% | −0.04 |
| SPEM State Street SP PTF Em ETF | Reduce -11.2% | 0.22% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -23.1% | 0.24% | −0.04 |
| QQEW First TR Nasdaq-100 Sel Eq | Reduce -7.5% | 0.57% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -9.2% | 0.47% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -2.5% | 0.29% | −0.04 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -13.8% | 0.22% | −0.03 |
| XLI SS Industrial Select Sector | Reduce -2.8% | 0.62% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -7.6% | 0.32% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Reduce -4.6% | 0.09% | −0.02 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -6.1% | 0.17% | −0.02 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -3.3% | 0.11% | −0.02 |
| SBUX Starbucks Corp. | Reduce -0.6% | 0.33% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.3% | 4.82% | −0.02 |
| HD Home Depot Inc. | Reduce -1.2% | 0.45% | −0.02 |
| XLSR SS US Sector Rotation | Reduce -10.6% | 0.24% | −0.02 |
| DELL Dell Technologies -C | Reduce -4.8% | 0.26% | −0.02 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.5% | 0.18% | −0.02 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -33.6% | 0.02% | −0.02 |
| PM Philip Morris International | Reduce -3.8% | 0.45% | −0.02 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -0.5% | 0.95% | −0.02 |
| MINT PIMCO Enhanced Short Maturit | Reduce -12.2% | 0.11% | −0.01 |
| DSTL Distillate US Fundamental St | Reduce -0.3% | 0.67% | −0.01 |
| CAT Caterpillar Inc. | Reduce -3.4% | 0.14% | −0.01 |
| QSR Restaurant Brands Intern | Reduce -4.7% | 0.09% | −0.01 |
| LIN Linde PLC | Reduce -3.3% | 0.08% | −0.01 |
| GPK Graphic Packaging Holding Co. | Reduce -4.4% | 0.09% | −0.01 |
| BYLD iShares Yield Optimized Bond | Reduce -0.4% | 0.39% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -0.3% | 0.12% | −0.01 |
| WPC WP Carey Inc. | Sold out | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -0.7% | 0.49% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| VOLATILITY SHS TR | Add +8.3% | 0.69% | +0.23 |
| AAPL Apple Inc. | Add +2.4% | 2.09% | +0.22 |
| FETH Fidelity Ethereum Fund | Add +3.5% | 0.63% | +0.16 |
| D Dominion Energy Inc. | Add +6503.9% | 0.16% | +0.16 |
| NVDA Nvidia Corp. | Add +4.4% | 1.08% | +0.16 |
| DAL Delta Air Lines Inc. | Add +312.6% | 0.16% | +0.13 |
| JPIE JPMorgan Income ETF | Add +3.0% | 3.25% | +0.09 |
| TJX TJX Companies Inc. | Add +476.6% | 0.10% | +0.08 |
| UBER Uber Technologies Inc. | Add +485.3% | 0.10% | +0.08 |
| JNK SS SPDR BB High Yield Bond | Add +48.4% | 0.24% | +0.08 |
| ULTA Ulta Beauty Inc. | Add +3.0% | 0.45% | +0.06 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +19.5% | 0.33% | +0.05 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.05% | +0.05 |
| DIS The Walt Disney Co. | Add +5048.0% | 0.05% | +0.05 |
| SPIB SS SPDR P Int C Corp. ETF | Add +271.7% | 0.06% | +0.04 |
| MA Mastercard Inc. Class A | Add +0.8% | 0.43% | +0.04 |
| FBTC Fidelity Wise Origin Bitcoin | Add +69.1% | 0.06% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | Add +0.3% | 0.74% | +0.03 |
| CMG Chipotle Mexican Grill Inc. | Add +1.6% | 0.43% | +0.03 |
| LHX L3HARRIS Technologies Inc. | Add +8000.0% | 0.03% | +0.03 |
| BSX Boston Scientific Corp. | Add +16.8% | 0.14% | +0.03 |
| COST Costco Wholesale Corp. | Add +1.0% | 0.52% | +0.03 |
| CERY SS SPDR BBG En RY CM St N-Ui | New | 0.03% | +0.03 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +41.9% | 0.08% | +0.02 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +60.5% | 0.06% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +1.4% | 0.27% | +0.02 |
| ETHA iShares Ethereum Trust ETF | Add +14.8% | 0.06% | +0.02 |
| MSFT Microsoft Corp. | Add +2.1% | 1.50% | +0.02 |
| ETH Grayscale Ethereum Staking M | Add +60.8% | 0.04% | +0.02 |
| RGA Reinsurance Group of America | Add +24.2% | 0.11% | +0.02 |
| SPAB SS SPDR P Agg Bond ETF | Add +25.2% | 0.11% | +0.02 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +3.1% | 0.69% | +0.02 |
| INTU Intuit Inc. | Add +2.1% | 0.31% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.1% | 0.22% | +0.01 |
| ROKU Roku Inc. | Add +1.1% | 0.43% | +0.01 |
| ED Consolidated Edison Inc. | New | 0.01% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +600.0% | 0.01% | +0.01 |
| COP Conocophillips | Add +1911.1% | 0.01% | +0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +4.1% | 0.15% | +0.01 |
| FTNT Fortinet Inc. | New | 0.01% | +0.01 |
| BLK BlackRock Inc. | Add +300.0% | 0.01% | +0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +6.5% | 0.13% | +0.01 |
| MDIV FT Multi-Asset Divers Inc. | New | 0.01% | +0.01 |
| BMO Bank of Montreal | New | 0.00% | +0.00 |
| SLV iShares Silver Trust | New | 0.00% | +0.00 |
| CHKP Check Point Software Tech | New | 0.00% | +0.00 |
| ADSK Autodesk Inc. | New | 0.00% | +0.00 |
| WELL Welltower Inc. | New | 0.00% | +0.00 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +13.7% | 0.03% | +0.00 |
| VMBS Vanguard Mortgage-Backed Sec | Add +11.8% | 0.04% | +0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| BKKT.WS Bakkt Holdings Inc. -CW26 | *W EXP 10/25/202 | Sold out | 20 | $2before exit |
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 |