Richard W. Paul & Associates, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Richard W. Paul & Associates, LLC reported 299 stock positions worth $297.1 million. Its top holding was iShares Core S&P U.S. Value (IUSV) at 6.3% of the portfolio, followed by iShares Core S&P U.S. Growth (IUSG, 5.3%) and iShares 20+ Year Treasury BD (TLT, 4.0%). Compared with Q4 2025, it opened 12 new positions, sold out of 6, added to 93 and reduced 114. The biggest buy was a new position in Fidelity Enhanced Small Cap (FESM) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- NOVI, MI
- CIK
- 0001964203
- Portfolio Value
- $297.1M (Q1 2026)
- SEC Filing
- 0001964203-26-000002 ↗ filed May 13, 2026
Holdings Value
Holdings 299 stocks · $297.1M
| IUSV iShares Core S&P U.S. Value | 6.27% | 182,128 | $18.6M | Add +4.2% |
| IUSG iShares Core S&P U.S. Growth | 5.26% | 100,734 | $15.6M | Reduce -2.3% |
| TLT iShares 20+ Year Treasury BD | 3.98% | 136,243 | $11.8M | Add +5.1% |
| JPIE JPMorgan Income ETF | 3.64% | 234,753 | $10.8M | Add +4.2% |
| IEFA iShares Core MSCI Eafe ETF | 3.53% | 115,797 | $10.5M | Reduce -2.6% |
| IJR iShares Core S&P Small-Cap E | 2.90% | 69,236 | $8.6M | Reduce -38.0% |
| PYLD PIMCO Multisector Bond Actv | 2.55% | 289,287 | $7.6M | Add +4.2% |
| RSP Invesco S&P 500 Equal Weight | 2.47% | 38,282 | $7.3M | Reduce -0.4% |
| AGG iShares Core U.S. Aggregate | 2.30% | 68,830 | $6.8M | Reduce -55.0% |
| QQQ Invesco QQQ Trust Series 1 | 2.23% | 11,465 | $6.6M | Add +1.6% |
| BOND PIMCO Active Bond Exchange-T | 2.21% | 70,998 | $6.6M | Add +263.3% |
| EFA iShares MSCI Eafe ETF | 2.04% | 62,361 | $6.1M | Reduce -0.4% |
| IEMG iShares Core MSCI Emerging | 1.97% | 83,842 | $5.8M | Reduce -6.5% |
| FESM Fidelity Enhanced Small Cap | 1.82% | 142,132 | $5.4M | New |
| AAPL Apple Inc. | 1.55% | 18,195 | $4.6M | Add +0.3% |
| FBND Fidelity Total Bond ETF | 1.48% | 96,600 | $4.4M | New |
| IVV iShares Core S&P 500 ETF | 1.41% | 6,396 | $4.2M | Reduce -6.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 1.39% | 89,575 | $4.1M | Add +11.2% |
| SCZ iShares MSCI Eafe Small-Cap | 1.23% | 46,446 | $3.6M | Reduce -1.1% |
| MSFT Microsoft Corp. | 1.20% | 9,649 | $3.6M | Add +3.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.17% | 36,790 | $3.5M | Reduce -2.3% |
| NVDA Nvidia Corp. | 1.15% | 19,618 | $3.4M | Reduce -0.9% |
| IJH iShares Core S&P Midcap ETF | 1.08% | 47,708 | $3.2M | Reduce -0.3% |
| EEM iShares MSCI Emerging Market | 1.08% | 56,427 | $3.2M | Reduce -0.5% |
| IAGG iShares Intl Aggregate Bond | 0.92% | 54,823 | $2.7M | Add +14.8% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.85% | 52,204 | $2.5M | Add +12.2% |
| VYM Vanguard High DVD Yield ETF | 0.75% | 15,046 | $2.2M | Reduce -0.0% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.72% | 76,141 | $2.1M | Add +1.3% |
| GOOG Alphabet Inc. Class C | 0.72% | 7,422 | $2.1M | Reduce -2.1% |
| JMBS Janus Henderson Mortg Backed | 0.67% | 43,739 | $2.0M | Add +1.7% |
| EMB iShares JP Morgan Usd Emergi | 0.66% | 20,794 | $2.0M | Add +1.8% |
| META Meta Platforms Inc. Class A | 0.63% | 3,295 | $1.9M | Reduce -0.9% |
| JPM JPMorgan Chase & Co. | 0.62% | 6,287 | $1.8M | Add +2.1% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.62% | 54,435 | $1.8M | Add +1.4% |
| PM Philip Morris International | 0.61% | 11,038 | $1.8M | Add +16.5% |
| VZ Verizon Communications Inc. | 0.60% | 35,308 | $1.8M | Reduce -1.0% |
| MCHI iShares MSCI China ETF | 0.59% | 31,456 | $1.8M | Add +1.8% |
| FETH Fidelity Ethereum Fund | 0.59% | 83,976 | $1.8M | Add +13.1% |
| ALGN Align Technology Inc. | 0.59% | 10,211 | $1.8M | Reduce -6.4% |
| AMZN Amazon.com Inc. | 0.59% | 8,391 | $1.7M | Reduce -0.3% |
| IGF iShares Global Infrastructur | 0.57% | 25,362 | $1.7M | New |
| COST Costco Wholesale Corp. | 0.55% | 1,638 | $1.6M | Reduce -0.1% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.54% | 1,218 | $1.6M | Reduce -8.0% |
| AVGO Broadcom Inc. | 0.53% | 5,105 | $1.6M | Add +1.8% |
| MU Micron Technology Inc. | 0.53% | 4,622 | $1.6M | Reduce -13.1% |
| VRT Vertiv Holdings Co. Class A | 0.52% | 6,219 | $1.6M | Reduce -10.7% |
| ABBV Abbvie Inc. | 0.51% | 7,029 | $1.5M | Add +1.9% |
| UPS United Parcel Service Class B | 0.51% | 15,473 | $1.5M | Add +1.0% |
| NFLX Netflix Inc. | 0.51% | 15,657 | $1.5M | Add +3.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.51% | 19,668 | $1.5M | Reduce -0.6% |
| PYPL PayPal Holdings Inc. | 0.49% | 32,495 | $1.5M | Add +15.0% |
| COIN Coinbase Global Inc. Class A | 0.49% | 8,286 | $1.4M | Add +9.9% |
| STX Seagate Technology Holdings | 0.48% | 3,652 | $1.4M | Reduce -7.2% |
| ULTA Ulta Beauty Inc. | 0.48% | 2,709 | $1.4M | Reduce -4.2% |
| MRK Merck & Co. Inc. | 0.48% | 11,769 | $1.4M | Reduce -3.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.47% | 17,481 | $1.4M | Reduce -14.7% |
| CSCO Cisco Systems Inc. | 0.46% | 17,756 | $1.4M | Add +41.4% |
| D Dominion Energy Inc. | 0.45% | 21,498 | $1.3M | Add +3.1% |
| AMD Advanced Micro Devices | 0.44% | 6,414 | $1.3M | Add +0.8% |
| JNJ Johnson & Johnson | 0.44% | 5,299 | $1.3M | Reduce -3.2% |
| UNH Unitedhealth Group Inc. | 0.43% | 4,776 | $1.3M | Add +5.7% |
| TGT Target Corp. | 0.43% | 10,653 | $1.3M | Reduce -2.7% |
| T AT&T Inc. | 0.43% | 44,130 | $1.3M | Add +2.1% |
| BABA Alibaba Group Holding-SP ADR | 0.43% | 10,123 | $1.3M | Add +1.9% |
| PG The Procter & Gamble Co. | 0.43% | 8,765 | $1.3M | Add +29.1% |
| GOOGL Alphabet Inc. Class A | 0.43% | 4,392 | $1.3M | Reduce -1.6% |
| MO Altria Group Inc. | 0.42% | 19,033 | $1.3M | Add +1.8% |
| NEE Nextera Energy Inc. | 0.42% | 13,320 | $1.2M | Add +2.4% |
| XLV SS Health Care Select Sector | 0.41% | 8,243 | $1.2M | Reduce -1.1% |
| NCLH Norwegian Cruise Line Holdin | 0.41% | 64,387 | $1.2M | Reduce -3.5% |
| JAAA Janus Henderson Aaa Clo ETF | 0.40% | 23,604 | $1.2M | Add +11.5% |
| PFE Pfizer Inc. | 0.40% | 42,149 | $1.2M | Add +2.3% |
| LLY Eli Lilly & Co. | 0.39% | 1,267 | $1.2M | Reduce -0.5% |
| IWM iShares Russell 2000 ETF | 0.39% | 4,667 | $1.2M | Reduce -1.7% |
| DHR Danaher Corp. | 0.38% | 5,958 | $1.1M | No change |
| ACN Accenture PLC Class A | 0.38% | 5,697 | $1.1M | Add +5.0% |
| LULU Lululemon Athletica Inc. | 0.37% | 7,273 | $1.1M | Add +2.6% |
| WMT Walmart Inc. | 0.37% | 8,814 | $1.1M | Add +0.8% |
| FISV Fiserv Inc. | 0.37% | 19,606 | $1.1M | Reduce -0.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.37% | 11,848 | $1.1M | Add +2.3% |
| HD Home Depot Inc. | 0.35% | 3,193 | $1.1M | Add +4.1% |
| CVS CVS Health Corp. | 0.35% | 14,510 | $1.0M | Add +3.6% |
| MA Mastercard Inc. Class A | 0.35% | 2,079 | $1.0M | Reduce -0.1% |
| QQEW First TR Nasdaq-100 Sel Eq | 0.35% | 8,169 | $1.0M | Add +0.4% |
| ZTS Zoetis Inc. | 0.34% | 8,606 | $1.0M | Add +0.1% |
| FSLR First Solar Inc. | 0.32% | 4,814 | $950K | Add +3.1% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 14,755 | $946K | Reduce -5.6% |
| CIBR First Trust Nasdaq Cybersecu | 0.31% | 14,529 | $911K | Add +3.0% |
| BMY Bristol-Myers Squibb Co. | 0.30% | 14,875 | $902K | Reduce -1.6% |
| XLP SS Consumer Staples Sel Sect | 0.30% | 10,968 | $899K | Reduce -3.5% |
| APO Apollo Global Management Inc. | 0.30% | 8,050 | $897K | Add +6.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.30% | 3,717 | $883K | Reduce -0.7% |
| QCOM Qualcomm Inc. | 0.28% | 6,509 | $838K | Add +9.0% |
| TXN Texas Instruments Inc. | 0.28% | 4,280 | $831K | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.28% | 10,834 | $824K | Add +2.2% |
| PEP Pepsico Inc. | 0.27% | 5,252 | $816K | Add +2.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.27% | 4,097 | $804K | Reduce -0.2% |
| SPGI S&P Global Inc. | 0.27% | 1,875 | $798K | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 1,204 | $783K | Reduce -18.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.26% | 1,771 | $774K | Reduce -0.8% |
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: $297.1M.
Portfolio Sells Q4 2025 → Q1 2026
| AGG iShares Core U.S. Aggregate | Reduce -55.0% | 2.30% | −2.77 |
| IJR iShares Core S&P Small-Cap E | Reduce -38.0% | 2.90% | −1.56 |
| XLRE SS Real Estate Select Sector | Reduce -98.7% | 0.01% | −0.54 |
| IUSG iShares Core S&P U.S. Growth | Reduce -2.3% | 5.26% | −0.49 |
| IVV iShares Core S&P 500 ETF | Reduce -6.6% | 1.41% | −0.15 |
| STE Steris PLC | Reduce -95.8% | 0.01% | −0.14 |
| ADBE Adobe Inc. | Reduce -96.5% | 0.00% | −0.12 |
| WDAY Workday Inc. Class A | Reduce -98.0% | 0.00% | −0.11 |
| KR Kroger Co. | Reduce -96.8% | 0.00% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -0.9% | 0.63% | −0.09 |
| ULTA Ulta Beauty Inc. | Reduce -4.2% | 0.48% | −0.09 |
| NCLH Norwegian Cruise Line Holdin | Reduce -3.5% | 0.41% | −0.09 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -14.7% | 0.47% | −0.08 |
| NVDA Nvidia Corp. | Reduce -0.9% | 1.15% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -2.1% | 0.72% | −0.07 |
| FISV Fiserv Inc. | Reduce -0.8% | 0.37% | −0.07 |
| KDP Keurig Dr Pepper Inc. | Reduce -99.3% | 0.00% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -18.4% | 0.26% | −0.07 |
| KMB Kimberly-Clark Corp. | Reduce -92.1% | 0.01% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 0.39% | −0.06 |
| SPGI S&P Global Inc. | Reduce -0.6% | 0.27% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -0.3% | 0.59% | −0.06 |
| ISRG Intuitive Surgical Inc. | Reduce -0.2% | 0.25% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -0.1% | 0.35% | −0.04 |
| BNY Bank of New York Mellon Corp. | Reduce -24.8% | 0.15% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -1.6% | 0.43% | −0.04 |
| IQV Iqvia Holdings Inc. | Reduce -0.3% | 0.12% | −0.04 |
| AXP American Express Co. | Reduce -1.7% | 0.15% | −0.03 |
| IEMG iShares Core MSCI Emerging | Reduce -6.5% | 1.97% | −0.03 |
| ETHE Grayscale Ethereum Staking E | Reduce -2.4% | 0.07% | −0.03 |
| LRCX Lam Research Corp. | Reduce -34.6% | 0.15% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.8% | 0.26% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -2.1% | 0.15% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -1.1% | 0.41% | −0.02 |
| V Visa Inc. Class A | Reduce -1.8% | 0.12% | −0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.6% | 0.51% | −0.02 |
| JNK SS SPDR BB High Yield Bond | Reduce -6.8% | 0.24% | −0.02 |
| CCL Carnival Corp. | Reduce -1.0% | 0.10% | −0.02 |
| XLK SS Technology Select Sector | Reduce -0.4% | 0.25% | −0.02 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -0.7% | 0.30% | −0.02 |
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -21.0% | 0.06% | −0.01 |
| DIS The Walt Disney Co. | Reduce -0.9% | 0.07% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -1.8% | 0.09% | −0.01 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -33.0% | 0.03% | −0.01 |
| TDIV FT Nasdaq Tech DVD Index FD | Reduce -49.7% | 0.01% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -0.5% | 0.14% | −0.01 |
| NET Cloudflare Inc. Class A | Reduce -41.7% | 0.02% | −0.01 |
| XLF SS Financial Select Sector | Reduce -0.4% | 0.11% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -8.9% | 0.20% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -11.9% | 0.11% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| FESM Fidelity Enhanced Small Cap | New | 1.82% | +1.82 |
| BOND PIMCO Active Bond Exchange-T | Add +263.3% | 2.21% | +1.60 |
| FBND Fidelity Total Bond ETF | New | 1.48% | +1.48 |
| IGF iShares Global Infrastructur | New | 0.57% | +0.57 |
| IUSV iShares Core S&P U.S. Value | Add +4.2% | 6.27% | +0.31 |
| TLT iShares 20+ Year Treasury BD | Add +5.1% | 3.98% | +0.22 |
| JPIE JPMorgan Income ETF | Add +4.2% | 3.64% | +0.18 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +11.2% | 1.39% | +0.15 |
| CSCO Cisco Systems Inc. | Add +41.4% | 0.46% | +0.14 |
| IAGG iShares Intl Aggregate Bond | Add +14.8% | 0.92% | +0.13 |
| ORCL Oracle Corp. | Add +6317.5% | 0.13% | +0.12 |
| BSX Boston Scientific Corp. | Add +24281.8% | 0.11% | +0.11 |
| PM Philip Morris International | Add +16.5% | 0.61% | +0.11 |
| PG The Procter & Gamble Co. | Add +29.1% | 0.43% | +0.10 |
| ISTB iShares Core 1-5 Year Usd Bo | Add +12.2% | 0.85% | +0.10 |
| PYLD PIMCO Multisector Bond Actv | Add +4.2% | 2.55% | +0.09 |
| SJM The JM Smucker Co. | New | 0.08% | +0.08 |
| T AT&T Inc. | Add +2.1% | 0.43% | +0.07 |
| NEE Nextera Energy Inc. | Add +2.4% | 0.42% | +0.07 |
| MO Altria Group Inc. | Add +1.8% | 0.42% | +0.06 |
| PFE Pfizer Inc. | Add +2.3% | 0.40% | +0.06 |
| WMT Walmart Inc. | Add +0.8% | 0.37% | +0.05 |
| JAAA Janus Henderson Aaa Clo ETF | Add +11.5% | 0.40% | +0.04 |
| D Dominion Energy Inc. | Add +3.1% | 0.45% | +0.04 |
| NFLX Netflix Inc. | Add +3.8% | 0.51% | +0.04 |
| PEP Pepsico Inc. | Add +2.9% | 0.27% | +0.03 |
| KO The Coca-Cola Co. | Add +2.2% | 0.28% | +0.03 |
| CERY SS SPDR BBG En RY CM St N-Ui | Add +38.7% | 0.06% | +0.03 |
| FISR SS Fi Sector Rotation | Add +122.6% | 0.05% | +0.03 |
| SPLB SS SPDR P Long Term C ETF | Add +207.7% | 0.04% | +0.03 |
| ALL Allstate Corp. | Add +22.8% | 0.09% | +0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +2.3% | 0.37% | +0.01 |
| PLD Prologis Inc. | Add +1.9% | 0.21% | +0.01 |
| BUFD FT VST Lad Deep Buf ETF-Usdi | Add +1.3% | 0.72% | +0.01 |
| JMBS Janus Henderson Mortg Backed | Add +1.7% | 0.67% | +0.01 |
| BNDX Vanguard Total Intl Bond ETF | Add +16.3% | 0.08% | +0.01 |
| BMNR Bitmine Immersion Technologi | Add +317.3% | 0.02% | +0.01 |
| FBTC Fidelity Wise Origin Bitcoin | Add +125.0% | 0.02% | +0.01 |
| BSV Vanguard Short-Term Bond ETF | Add +15.5% | 0.07% | +0.01 |
| UPS United Parcel Service Class B | Add +1.0% | 0.51% | +0.01 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +1.4% | 0.62% | +0.01 |
| BIV Vanguard Intermediate-Term B | Add +20.1% | 0.04% | +0.01 |
| AMT American Tower Corp. | Add +4.9% | 0.14% | +0.01 |
| SYY Sysco Corp. | Add +8.9% | 0.09% | +0.01 |
| BLV Vanguard Long-Term Bond ETF | Add +18.2% | 0.03% | +0.01 |
| VMBS Vanguard Mortgage-Backed Sec | Add +14.0% | 0.04% | +0.01 |
| KIM Kimco Realty Corp. | New | 0.00% | +0.00 |
| CVX Chevron Corp. | Add +14.2% | 0.01% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +3.0% | 0.08% | +0.00 |
| MDLZ Mondelez International Inc. Class A | 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 |