Richmond Brothers, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Richmond Brothers, Inc. reported 34 stock positions worth $158.4 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 25.4% of the portfolio, followed by Vanguard Communication Servi (VOX, 5.0%) and Vanguard Utilities ETF (VPU, 4.9%). Compared with Q2 2025, it opened 5 new positions, sold out of 1, added to 5 and reduced 22. The biggest buy was Vanguard Long-Term Bond ETF (BLV, shares +137%) and the biggest sale Vanguard Short-Term Bond ETF (BSV, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSON, MI
- CIK
- 0001540462
- Portfolio Value
- $158.4M (Q3 2025)
- SEC Filing
- 0001540462-25-000004 ↗ filed Nov 10, 2025
Holdings Value
Holdings 34 stocks · $158.4M
| QQQ Invesco QQQ Trust Series 1 | 25.43% | 67,105 | $40.3M | Reduce -2.7% |
| VOX Vanguard Communication Servi | 5.03% | 42,467 | $8.0M | Reduce -3.5% |
| VPU Vanguard Utilities ETF | 4.94% | 41,312 | $7.8M | Reduce -3.4% |
| VGT Vanguard Info Tech ETF | 4.94% | 10,475 | $7.8M | Reduce -3.5% |
| BSV Vanguard Short-Term Bond ETF | 4.81% | 96,547 | $7.6M | Reduce -50.9% |
| BLV Vanguard Long-Term Bond ETF | 4.79% | 107,044 | $7.6M | Add +137.3% |
| BIV Vanguard Intermediate-Term B | 4.76% | 96,638 | $7.5M | Reduce -20.0% |
| VIS Vanguard Industrials ETF | 4.76% | 25,469 | $7.5M | Reduce -2.5% |
| VFH Vanguard Financials ETF | 4.68% | 56,515 | $7.4M | Reduce -2.1% |
| VCR Vanguard Consumer Discre ETF | 4.67% | 18,672 | $7.4M | Reduce -1.6% |
| VAW Vanguard Materials ETF | 4.52% | 34,935 | $7.2M | Add +95.3% |
| VDE Vanguard Energy ETF | 4.44% | 55,848 | $7.0M | Add +90.5% |
| VDC Vanguard Consumer Staple ETF | 4.36% | 32,332 | $6.9M | Reduce -1.3% |
| VTIP Vanguard Short-Term Tips | 2.77% | 86,613 | $4.4M | Reduce -29.4% |
| VHT Vanguard Health Care ETF | 2.27% | 13,833 | $3.6M | Reduce -1.1% |
| VNQ Vanguard Real Estate ETF | 2.22% | 38,458 | $3.5M | Reduce -0.9% |
| GOF Guggenheim Strategic Opport | 2.17% | 229,328 | $3.4M | Reduce -3.8% |
| AAPL Apple Inc. | 2.06% | 12,838 | $3.3M | Reduce -2.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.87% | 5,895 | $3.0M | Reduce -11.1% |
| MSFT Microsoft Corp. | 0.75% | 2,283 | $1.2M | Reduce -10.1% |
| TQQQ Proshares Ultrapro QQQ | 0.69% | 10,588 | $1.1M | Add +2.5% |
| MDXG Mimedx Group Inc. | 0.52% | 117,179 | $818K | Reduce -3.1% |
| QLD Proshares Ultra QQQ | 0.51% | 5,891 | $808K | New |
| SSO Proshares Ultra S&P500 | 0.50% | 7,054 | $791K | New |
| HRTX Heron Therapeutics Inc. | 0.46% | 572,118 | $721K | Add +3.2% |
| IVV iShares Core S&P 500 ETF | 0.23% | 556 | $372K | Reduce -3.6% |
| GOOGL Alphabet Inc. Class A | 0.19% | 1,264 | $307K | New |
| AMZN Amazon.com Inc. | 0.16% | 1,151 | $253K | Reduce -5.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.16% | 2,731 | $251K | New |
| GOOG Alphabet Inc. Class C | 0.14% | 891 | $217K | New |
| NVG Nuveen Amt-FR Muni CRDT | 0.12% | 14,839 | $182K | Reduce -61.5% |
| ALVO Alvotech SA | 0.07% | 13,966 | $114K | No change |
| RMTI Rockwell Medical Inc. | 0.02% | 30,805 | $37K | Reduce -5.4% |
| OCEAN POWER TECHNOLOGIES INC | 0.00% | 13,971 | $7K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| BSV Vanguard Short-Term Bond ETF | Reduce -50.9% | 4.81% | −5.32 |
| BIV Vanguard Intermediate-Term B | Reduce -20.0% | 4.76% | −1.36 |
| VTIP Vanguard Short-Term Tips | Reduce -29.4% | 2.77% | −1.27 |
| DRRX Durect Corporation | Sold out | 0.00% | −0.60 |
| VDC Vanguard Consumer Staple ETF | Reduce -1.3% | 4.36% | −0.33 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.1% | 1.87% | −0.24 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -61.5% | 0.12% | −0.19 |
| GOF Guggenheim Strategic Opport | Reduce -3.8% | 2.17% | −0.16 |
| VFH Vanguard Financials ETF | Reduce -2.1% | 4.68% | −0.13 |
| MSFT Microsoft Corp. | Reduce -10.1% | 0.75% | −0.08 |
| VNQ Vanguard Real Estate ETF | Reduce -0.9% | 2.22% | −0.04 |
| VIS Vanguard Industrials ETF | Reduce -2.5% | 4.76% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -5.3% | 0.16% | −0.02 |
| VHT Vanguard Health Care ETF | Reduce -1.1% | 2.27% | −0.01 |
| VPU Vanguard Utilities ETF | Reduce -3.4% | 4.94% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -3.6% | 0.23% | +0.00 |
| RMTI Rockwell Medical Inc. | Reduce -5.4% | 0.02% | +0.01 |
| MDXG Mimedx Group Inc. | Reduce -3.1% | 0.52% | +0.03 |
| VOX Vanguard Communication Servi | Reduce -3.5% | 5.03% | +0.10 |
| VCR Vanguard Consumer Discre ETF | Reduce -1.6% | 4.67% | +0.17 |
| VGT Vanguard Info Tech ETF | Reduce -3.5% | 4.94% | +0.22 |
| AAPL Apple Inc. | Reduce -2.6% | 2.06% | +0.29 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.7% | 25.43% | +0.53 |
Portfolio Buys Q2 2025 → Q3 2025
| BLV Vanguard Long-Term Bond ETF | Add +137.3% | 4.79% | +2.73 |
| VAW Vanguard Materials ETF | Add +95.3% | 4.52% | +2.24 |
| VDE Vanguard Energy ETF | Add +90.5% | 4.44% | +2.15 |
| QLD Proshares Ultra QQQ | New | 0.51% | +0.51 |
| SSO Proshares Ultra S&P500 | New | 0.50% | +0.50 |
| GOOGL Alphabet Inc. Class A | New | 0.19% | +0.19 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.16% | +0.16 |
| GOOG Alphabet Inc. Class C | New | 0.14% | +0.14 |
| TQQQ Proshares Ultrapro QQQ | Add +2.5% | 0.69% | +0.13 |
| HRTX Heron Therapeutics Inc. | Add +3.2% | 0.46% | −0.30 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 96 | $192.3M | QQQ, AAPL, NVDA, MSFT, VGT |
| Q1 2026 | 36 | $150.2M | QQQ, VDE, VPU, VAW, VIS |
| Q4 2025 | 36 | $157.2M | QQQ, VOX, VHT, VGT, VFH |
| Q3 2025 | 34 | $158.4M | QQQ, VOX, VPU, VGT, BSV |
| Q2 2025 | 30 | $152.7M | QQQ, BSV, BIV, VPU, VOX |
| Q1 2025 | 31 | $158.2M | BSV, BIV, VTIP, QQQ, BIL |
| Q4 2024 | 32 | $156.0M | QQQ, BIL, VOX, VCR, VFH |
| Q3 2024 | 33 | $162.2M | QQQ, BIL, VPU, VOX, VIS |
| Q2 2024 | 22 | $50.6M | QQQ, MDXG, AAPL, BRK.B, GOF |
| Q1 2024 | 24 | $54.0M | QQQ, MDXG, BRK.B, AAPL, GOF |