Richmond Investment Services, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Richmond Investment Services, LLC reported 111 stock positions worth $184.1 million. Its top holding was iShares Russell Top 200 ETF (IWL) at 13.8% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 8.1%) and Invesco QQQ Trust Series 1 (QQQ, 8.0%). Compared with Q4 2024, it opened 11 new positions, sold out of 6, added to 47 and reduced 41. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +145%) and the biggest sale SS Technology Select Sector (XLK, shares −73%).

Most Recent 13F
Q2 2026
Location
Mequon, WI
CIK
0002031991
Portfolio Value
$184.1M (Q1 2025)
SEC Filing
0001667731-25-000637 ↗ filed May 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q4 2024: $178.1M Q4 2024 Q1 2025: $184.1M $184.1M Q1 2025 Q2 2025: $473.5M Q2 2025 Q3 2025: $537.4M Q3 2025 Q4 2025: $578.5M Q4 2025 Q1 2026: $618.8M Q1 2026 Q2 2026: $316.1M Q2 2026

Holdings 111 stocks · $184.1M
IWL iShares Russell Top 200 ETF 13.78% 184,550 $25.4M Add +5.9%
MOAT Vaneck Morningstar Wide Moat 8.11% 169,743 $14.9M Add +4.9%
QQQ Invesco QQQ Trust Series 1 7.98% 31,323 $14.7M Add +7.4%
SDVY First Trust Smid Cap Rising 5.02% 275,969 $9.2M Add +29.9%
VNLA Janus Henderson Short Durati 4.91% 184,034 $9.0M Reduce -5.3%
VUG Vanguard Mrngstar GR ETF-Sui 3.71% 18,416 $6.8M Add +145.4%
ISPY Proshares S&P High Incom ETF 3.57% 156,069 $6.6M Add +118.7%
GDX Vaneck Gold Miners ETF 3.08% 123,474 $5.7M Reduce -10.0%
PFF iShares Preferred & Income S 2.96% 177,432 $5.5M Add +11.1%
FYC First Trust Small Cap Growth 2.50% 66,848 $4.6M Add +45.3%
IHDG Wisdomtree International Hed 2.48% 105,115 $4.6M Add +95.3%
CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE 1.77% 91,620 $3.3M Reduce -19.6%
BRK.B Berkshire Hathaway Inc. Class B 1.77% 6,118 $3.3M Add +156.1%
SPYM Ste STR SPDR PT S&P 500 ETF 1.65% 46,136 $3.0M Add +150.8%
BUFZ FT Vest Laddered Moderate Bu 1.53% 120,135 $2.8M New
VWO Vanguard Ftse Emerging Marke 1.34% 54,430 $2.5M Add +104.9%
SPY SS SPDR S&P 500 ETF Trust-US 1.18% 3,871 $2.2M Reduce -42.0%
AAPL Apple Inc. 1.17% 9,696 $2.2M Add +1.5%
VTI VG Morningstar TS MKT ETF-US 1.12% 7,472 $2.1M Reduce -58.1%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.00% 7,085 $1.8M Reduce -41.8%
BIL SS SPDR BB 1-3M T-Bill ETF 0.92% 18,516 $1.7M Reduce -13.4%
XLK SS Technology Select Sector 0.91% 8,136 $1.7M Reduce -73.4%
FTCS First Trust Capital Strength 0.83% 17,129 $1.5M Reduce -2.6%
FV First Trust DW Focus 5 Fund 0.82% 27,410 $1.5M Reduce -2.7%
NVDA Nvidia Corp. 0.80% 13,627 $1.5M Reduce -12.4%
AMZN Amazon.com Inc. 0.77% 7,496 $1.4M Reduce -2.2%
BUFD FT VST Lad Deep Buf ETF-Usdi 0.77% 56,897 $1.4M New
BUFQ FT VST Lad NSDQ Buf ETF-Usdi 0.77% 47,163 $1.4M New
GTO Invesco Total Return Bond Et 0.71% 27,757 $1.3M Add +266.1%
TMFC Motley Fool 100 Index ETF 0.68% 22,668 $1.3M Reduce -8.8%
FTLS First Trust Long/Short Eqty 0.67% 19,211 $1.2M Add +377.5%
RDVY First Trust Rising Dividend 0.66% 20,599 $1.2M Reduce -5.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.63% 6,764 $1.2M Reduce -51.7%
RECS Columbia Resear Enh Cor ETF 0.61% 33,586 $1.1M Add +4.0%
CLOI Vaneck Clo ETF 0.60% 20,908 $1.1M Add +5.3%
BSCR Invesco Bulletshares 2027 CB 0.60% 56,038 $1.1M Add +1.0%
MSFT Microsoft Corp. 0.56% 2,738 $1.0M Reduce -2.8%
FVD First Trust Value Line DVD 0.54% 22,214 $991K Reduce -11.0%
BSCS Invesco Bulletshares 2028 CB 0.48% 43,015 $875K Reduce -19.4%
USMC Principal US Mega-Cap ETF 0.47% 15,160 $861K Reduce -1.8%
FTSM First Trust Enh Short Mat FD 0.47% 14,303 $856K Reduce -41.5%
JAAA Janus Henderson Aaa Clo ETF 0.46% 16,618 $843K Add +7.0%
SPSM SS SPDR P S&P 600 Small Cap 0.45% 20,337 $829K Add +157.2%
XBXMX Nuveen S&P 500 Buy-WR Inc. 0.42% 58,330 $765K No change
BSCP Invesco Bulletshares 2025 CB 0.40% 35,610 $736K Add +2.2%
SMH Vaneck Semiconductor ETF 0.39% 3,397 $718K Add +41.2%
GOOGL Alphabet Inc. Class A 0.37% 4,430 $685K Reduce -0.8%
WEC WEC Energy Group Inc. 0.36% 6,107 $666K Add +0.1%
SPDW Ste STR SPDR PT DW Eu ETF 0.34% 17,332 $631K Add +156.3%
CIBR First Trust Nasdaq Cybersecu 0.34% 9,969 $628K Reduce -7.4%
SPHQ Invesco S&P 500 Quality ETF 0.34% 9,333 $619K Add +23.7%
KNG FT Vest S&P 500 DVD Arst TRG 0.33% 11,924 $602K New
DYNF Ishrs US E F R A ETF-Usd Inc. 0.33% 12,343 $602K Add +37.9%
JMBS Janus Henderson Mortg Backed 0.32% 12,982 $587K Reduce -0.3%
RSP Invesco S&P 500 Equal Weight 0.32% 3,370 $584K Reduce -18.2%
FIXD First Trust Smith Opportunis 0.31% 13,218 $579K Add +0.0%
FDN First Trust DJ Internet Ind 0.29% 2,402 $534K Reduce -17.6%
IWM iShares Russell 2000 ETF 0.28% 2,617 $522K Reduce -22.8%
FTA First Trust L C Val Alp 0.28% 6,716 $515K No change
FTC First Trust Large Cap Growth 0.28% 3,921 $515K No change
TSLA Tesla Inc. 0.28% 1,981 $513K Add +13.5%
GOOG Alphabet Inc. Class C 0.27% 3,125 $488K Add +0.1%
LLY Eli Lilly & Co. 0.25% 549 $453K No change
USMV iShares MSCI USA Min Vol Fac 0.24% 4,737 $444K Reduce -1.5%
VRT Vertiv Holdings Co. Class A 0.24% 6,119 $442K Reduce -0.7%
FEX First Trust Large Cap Core A 0.23% 4,091 $419K No change
XEVTX Eaton Vance Tax-Adv DVD Inc. 0.22% 17,277 $402K Add +0.3%
IVV iShares Core S&P 500 ETF 0.22% 714 $401K Reduce -1.8%
CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED 0.22% 12,836 $398K Reduce -30.9%
T AT&T Inc. 0.21% 13,873 $392K No change
IBTK iShares Ibonds Dec 2030 Trea 0.21% 19,798 $389K Add +1.6%
TDIV FT Nasdaq Tech DVD Index FD 0.21% 5,278 $388K Reduce -2.6%
AVEM Avantis Emerging Markets Eq 0.21% 6,359 $383K Reduce -79.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.20% 1,533 $375K Add +0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.20% 1,957 $365K Add +0.3%
SPEM State Street SP PTF Em ETF 0.20% 9,255 $364K New
VBK Van Morst SML-Cap Gro-Usd Inc. 0.19% 1,394 $351K Add +4.4%
FEP First Trust Europe 0.18% 8,333 $340K No change
COST Costco Wholesale Corp. 0.18% 352 $333K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.17% 1,998 $321K Add +0.3%
AIQ Global X Art Intel & Tech 0.17% 8,723 $317K Add +9.2%
VRIG Invesco Variable Rate Invest 0.17% 12,327 $309K Add +0.2%
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.17% 9,209 $308K Reduce -10.7%
MCD McDonald's Corp. 0.17% 973 $304K Add +0.1%
PANW Palo Alto Networks Inc. 0.16% 1,755 $299K Add +17.2%
IJH iShares Core S&P Midcap ETF 0.16% 5,089 $297K Add +0.1%
FAAR First Trust Alt Abs Ret ETF 0.15% 9,643 $279K Reduce -16.5%
FXL First Trust Technology Alpha 0.15% 2,048 $271K No change
SUSA iShares ESG Optimized MSCI U 0.15% 2,329 $268K Add +0.1%
IDLV Invesco S&P International DE 0.14% 8,631 $262K Add +0.2%
VZ Verizon Communications Inc. 0.14% 5,735 $260K Add +0.1%
XMLV Invesco S&P Midcap Low Volat 0.14% 4,171 $257K Reduce -17.3%
SPMO Invesco S&P 500 Momentum ETF 0.14% 2,732 $253K Reduce -3.3%
FEM First Trust Emerging Markets 0.14% 10,947 $250K Reduce -2.1%
JPM JPMorgan Chase & Co. 0.13% 1,001 $245K Reduce -4.7%
VOO Vanguard S&P 500 ETF 0.13% 473 $243K Add +12.3%
META Meta Platforms Inc. Class A 0.13% 412 $238K New
GLD SPDR Gold Shares 0.13% 816 $235K New
JCI Johnson Controls Internation 0.13% 2,909 $233K No change
FMF First Trust Managed Futures 0.13% 5,045 $233K Reduce -3.2%
FNX First Trust Mid Cap Core Alp 0.12% 2,088 $228K No change
NOBL Proshares S&P 500 Dividend A 0.12% 2,175 $222K Reduce -2.3%
VEA Vanguard Ftse Developed ETF 0.12% 4,343 $221K New
USB US Bancorp 0.12% 5,194 $219K Add +0.1%
IVW iShares S&P 500 Growth ETF 0.12% 2,336 $217K Add +0.0%
FXH First Trust Health Care Alph 0.12% 2,062 $214K Add +0.1%
KO The Coca-Cola Co. 0.11% 2,915 $209K New
FEMS First Trust Emerging Markets 0.11% 5,424 $202K Reduce -8.9%
WFC Wells Fargo & Co. 0.11% 2,804 $201K New
VOOV Vanguard S&P 500 Value ETF 0.11% 1,092 $201K New
HD Home Depot Inc. 0.11% 547 $201K No change

Portfolio Sells Q4 2024 → Q1 2025
XLK SS Technology Select Sector Reduce -73.4% 0.91% −3.08
VTI VG Morningstar TS MKT ETF-US Reduce -58.1% 1.12% −1.79
BSCU Invesco Bulletshares 2030 CB Sold out 0.00% −1.43
SPY SS SPDR S&P 500 ETF Trust-US Reduce -42.0% 1.18% −1.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -41.8% 1.00% −0.81
AVEM Avantis Emerging Markets Eq Reduce -79.2% 0.21% −0.80
VTV Vanguard Mrngstr Val ETF-Aui Reduce -51.7% 0.63% −0.70
CGDV Cap Group Dividend Value Reduce -19.6% 1.77% −0.48
VNLA Janus Henderson Short Durati Reduce -5.3% 4.91% −0.42
NVDA Nvidia Corp. Reduce -12.4% 0.80% −0.37
FTSM First Trust Enh Short Mat FD Reduce -41.5% 0.47% −0.36
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -13.4% 0.92% −0.17
AMZN Amazon.com Inc. Reduce -2.2% 0.77% −0.17
IYW iShares Ustechnology ETF Sold out 0.00% −0.17
TMFC Motley Fool 100 Index ETF Reduce -8.8% 0.68% −0.15
VRT Vertiv Holdings Co. Class A Reduce -0.7% 0.24% −0.15
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.14
IWM iShares Russell 2000 ETF Reduce -22.8% 0.28% −0.14
BUFR FT Vest Lad Buffervetf-Usd I Sold out 0.00% −0.13
BSCS Invesco Bulletshares 2028 CB Reduce -19.4% 0.48% −0.13
QTEC First Trust Nasdq 100 Tech I Sold out 0.00% −0.13
FV First Trust DW Focus 5 Fund Reduce -2.7% 0.82% −0.12
FTSL First Trust Senior Loan ETF Sold out 0.00% −0.11
CGBL Cap Group Core Balanced Reduce -30.9% 0.22% −0.11
MSFT Microsoft Corp. Reduce -2.8% 0.56% −0.11
FDN First Trust DJ Internet Ind Reduce -17.6% 0.29% −0.11
GOOGL Alphabet Inc. Class A Reduce -0.8% 0.37% −0.10
RSP Invesco S&P 500 Equal Weight Reduce -18.2% 0.32% −0.09
FVD First Trust Value Line DVD Reduce -11.0% 0.54% −0.07
RDVY First Trust Rising Dividend Reduce -5.8% 0.66% −0.07
USMC Principal US Mega-Cap ETF Reduce -1.8% 0.47% −0.05
CIBR First Trust Nasdaq Cybersecu Reduce -7.4% 0.34% −0.04
CGUS Cap Group Core Equity Reduce -10.7% 0.17% −0.04
FTCS First Trust Capital Strength Reduce -2.6% 0.83% −0.03
XMLV Invesco S&P Midcap Low Volat Reduce -17.3% 0.14% −0.03
FAAR First Trust Alt Abs Ret ETF Reduce -16.5% 0.15% −0.03
TDIV FT Nasdaq Tech DVD Index FD Reduce -2.6% 0.21% −0.03
IVV iShares Core S&P 500 ETF Reduce -1.8% 0.22% −0.02
FEMS First Trust Emerging Markets Reduce -8.9% 0.11% −0.02
SPMO Invesco S&P 500 Momentum ETF Reduce -3.3% 0.14% −0.01
FMF First Trust Managed Futures Reduce -3.2% 0.13% −0.01
JPM JPMorgan Chase & Co. Reduce -4.7% 0.13% −0.01
JMBS Janus Henderson Mortg Backed Reduce -0.3% 0.32% −0.00
NOBL Proshares S&P 500 Dividend A Reduce -2.3% 0.12% −0.00
FEM First Trust Emerging Markets Reduce -2.1% 0.14% −0.00
USMV iShares MSCI USA Min Vol Fac Reduce -1.5% 0.24% +0.00
GDX Vaneck Gold Miners ETF Reduce -10.0% 3.08% +0.47

Portfolio Buys Q4 2024 → Q1 2025
VUG Vanguard Mrngstar GR ETF-Sui Add +145.4% 3.71% +1.98
ISPY Proshares S&P High Incom ETF Add +118.7% 3.57% +1.79
BUFZ FT Vest Laddered Moderate Bu New 1.53% +1.53
IHDG Wisdomtree International Hed Add +95.3% 2.48% +1.17
BRK.B Berkshire Hathaway Inc. Class B Add +156.1% 1.77% +1.16
SPYM Ste STR SPDR PT S&P 500 ETF Add +150.8% 1.65% +0.94
BUFD FT VST Lad Deep Buf ETF-Usdi New 0.77% +0.77
BUFQ FT VST Lad NSDQ Buf ETF-Usdi New 0.77% +0.77
SDVY First Trust Smid Cap Rising Add +29.9% 5.02% +0.75
VWO Vanguard Ftse Emerging Marke Add +104.9% 1.34% +0.68
FTLS First Trust Long/Short Eqty Add +377.5% 0.67% +0.52
GTO Invesco Total Return Bond Et Add +266.1% 0.71% +0.51
FYC First Trust Small Cap Growth Add +45.3% 2.50% +0.50
KNG FT Vest S&P 500 DVD Arst TRG New 0.33% +0.33
SPSM SS SPDR P S&P 600 Small Cap Add +157.2% 0.45% +0.25
SPDW Ste STR SPDR PT DW Eu ETF Add +156.3% 0.34% +0.21
SPEM State Street SP PTF Em ETF New 0.20% +0.20
PFF iShares Preferred & Income S Add +11.1% 2.96% +0.14
META Meta Platforms Inc. Class A New 0.13% +0.13
GLD SPDR Gold Shares New 0.13% +0.13
VEA Vanguard Ftse Developed ETF New 0.12% +0.12
KO The Coca-Cola Co. New 0.11% +0.11
WFC Wells Fargo & Co. New 0.11% +0.11
VOOV Vanguard S&P 500 Value ETF New 0.11% +0.11
DYNF Ishrs US E F R A ETF-Usd Inc. Add +37.9% 0.33% +0.07
SMH Vaneck Semiconductor ETF Add +41.2% 0.39% +0.06
SPHQ Invesco S&P 500 Quality ETF Add +23.7% 0.34% +0.05
WEC WEC Energy Group Inc. Add +0.1% 0.36% +0.04
JAAA Janus Henderson Aaa Clo ETF Add +7.0% 0.46% +0.02
VZ Verizon Communications Inc. Add +0.1% 0.14% +0.01
CLOI Vaneck Clo ETF Add +5.3% 0.60% +0.01
PANW Palo Alto Networks Inc. Add +17.2% 0.16% +0.01
IDLV Invesco S&P International DE Add +0.2% 0.14% +0.01
MCD McDonald's Corp. Add +0.1% 0.17% +0.01
VOO Vanguard S&P 500 ETF Add +12.3% 0.13% +0.00
IBTK iShares Ibonds Dec 2030 Trea Add +1.6% 0.21% +0.00
AIQ Global X Art Intel & Tech Add +9.2% 0.17% −0.00
FIXD First Trust Smith Opportunis Add +0.0% 0.31% −0.00
BSCP Invesco Bulletshares 2025 CB Add +2.2% 0.40% −0.00
FXH First Trust Health Care Alph Add +0.1% 0.12% −0.00
VRIG Invesco Variable Rate Invest Add +0.2% 0.17% −0.01
VOE Vngrd Mrngstr MD-Cap Val ETF Add +0.3% 0.17% −0.01
BSCR Invesco Bulletshares 2027 CB Add +1.0% 0.60% −0.01
SUSA iShares ESG Optimized MSCI U Add +0.1% 0.15% −0.01
XEVTX Eaton Vance Tax-Adv DVD Inc. Add +0.3% 0.22% −0.01
VOT Vngrd Mrngstr MC GRW ETF-Usd Add +0.1% 0.20% −0.01
IVW iShares S&P 500 Growth ETF Add +0.0% 0.12% −0.02
IJH iShares Core S&P Midcap ETF Add +0.1% 0.16% −0.02
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.3% 0.20% −0.02
VBK Van Morst SML-Cap Gro-Usd Inc. Add +4.4% 0.19% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 145$316.1MIWL, QQQ, SPYM, SMH, VNLA
Q1 2026 255$618.8MIWL, QQQ, SPYM, MOAT, GDX
Q4 2025 235$578.5MIWL, QQQ, SPYM, MOAT, GDX
Q3 2025 224$537.4MIWL, QQQ, SPYM, MOAT, VNLA
Q2 2025 207$473.5MIWL, QQQ, MOAT, VNLA, SPYM
Q1 2025 111$184.1MIWL, MOAT, QQQ, SDVY, VNLA
Q4 2024 106$178.1MIWL, MOAT, QQQ, VNLA, SDVY