Richmond Investment Services, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Richmond Investment Services, LLC reported 224 stock positions worth $537.4 million. Its top holding was iShares Russell Top 200 ETF (IWL) at 11.9% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 7.3%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 6.1%). Compared with Q2 2025, it opened 25 new positions, sold out of 8, added to 116 and reduced 76. The biggest buy was Avantis Emerging Markets Eq (AVEM, shares +1073%) and the biggest sale First Trust Smid Cap Rising (SDVY, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- Mequon, WI
- CIK
- 0002031991
- Portfolio Value
- $537.4M (Q3 2025)
- SEC Filing
- 0002085853-25-000267 ↗ filed Nov 12, 2025
Holdings Value
Holdings 224 stocks · $537.4M
| IWL iShares Russell Top 200 ETF | 11.93% | 386,012 | $64.1M | Add +2.5% |
| QQQ Invesco QQQ Trust Series 1 | 7.28% | 65,152 | $39.1M | Add +2.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 6.06% | 415,745 | $32.6M | Add +35.3% |
| MOAT Vaneck Morningstar Wide Moat | 5.50% | 298,125 | $29.5M | Reduce -4.7% |
| VNLA Janus Henderson Short Durati | 3.82% | 416,880 | $20.5M | Reduce -9.5% |
| GDX Vaneck Gold Miners ETF | 3.52% | 247,386 | $18.9M | Add +0.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.96% | 33,185 | $15.9M | Reduce -2.5% |
| GTO Invesco Total Return Bond Et | 2.74% | 309,581 | $14.7M | Add +30.9% |
| ISPY Proshares S&P High Incom ETF | 2.69% | 319,836 | $14.4M | Add +0.3% |
| SDVY First Trust Smid Cap Rising | 2.51% | 354,450 | $13.5M | Reduce -36.8% |
| FYC First Trust Small Cap Growth | 2.36% | 139,501 | $12.7M | Add +2.4% |
| AVEM Avantis Emerging Markets Eq | 1.76% | 125,570 | $9.4M | Add +1073.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.68% | 195,441 | $9.1M | Add +39.0% |
| VEU Vanguard Ftse All-World Ex-U | 1.63% | 122,647 | $8.8M | Reduce -3.1% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 1.54% | 196,574 | $8.3M | Add +3.1% |
| NVDA Nvidia Corp. | 1.30% | 37,344 | $7.0M | Add +6.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.28% | 13,643 | $6.9M | Add +3.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 1.24% | 155,245 | $6.6M | Add +33.8% |
| BUFZ FT Vest Laddered Moderate Bu | 1.20% | 249,936 | $6.5M | Add +1.7% |
| AAPL Apple Inc. | 1.01% | 21,271 | $5.4M | Add +0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.00% | 8,086 | $5.4M | Reduce -2.2% |
| VWO Vanguard Ftse Emerging Marke | 0.97% | 96,348 | $5.2M | Reduce -4.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.92% | 15,123 | $5.0M | Reduce -7.8% |
| SMH Vaneck Semiconductor ETF | 0.90% | 14,782 | $4.8M | Add +41.3% |
| MSFT Microsoft Corp. | 0.74% | 7,687 | $4.0M | Add +5.5% |
| XLK SS Technology Select Sector | 0.74% | 14,090 | $4.0M | Reduce -3.8% |
| AMZN Amazon.com Inc. | 0.73% | 17,895 | $3.9M | Add +2.2% |
| SPEM State Street SP PTF Em ETF | 0.72% | 83,161 | $3.9M | Add +40.1% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.62% | 56,119 | $3.3M | Add +23.2% |
| BUFQ FT VST Lad NSDQ Buf ETF-Usdi | 0.61% | 94,720 | $3.3M | Add +1.5% |
| BUFD FT VST Lad Deep Buf ETF-Usdi | 0.61% | 118,716 | $3.3M | Add +0.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.60% | 11,028 | $3.2M | Reduce -15.7% |
| FTLS First Trust Long/Short Eqty | 0.52% | 40,226 | $2.8M | Add +1.8% |
| RECS Columbia Resear Enh Cor ETF | 0.49% | 65,416 | $2.6M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 0.48% | 10,535 | $2.6M | Add +4.0% |
| BSCR Invesco Bulletshares 2027 CB | 0.47% | 128,515 | $2.5M | Reduce -3.2% |
| IVV iShares Core S&P 500 ETF | 0.47% | 3,740 | $2.5M | Add +7.4% |
| FTCS First Trust Capital Strength | 0.46% | 26,244 | $2.5M | Reduce -14.6% |
| FV First Trust DW Focus 5 Fund | 0.41% | 35,617 | $2.2M | Reduce -9.0% |
| IEMG iShares Core MSCI Emerging | 0.41% | 33,112 | $2.2M | Add +15.7% |
| SPHQ Invesco S&P 500 Quality ETF | 0.40% | 29,311 | $2.1M | Add +11.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.40% | 11,398 | $2.1M | Reduce -7.5% |
| USMC Principal US Mega-Cap ETF | 0.38% | 30,203 | $2.1M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.36% | 7,975 | $1.9M | Add +4.0% |
| CLOI Vaneck Clo ETF | 0.35% | 35,929 | $1.9M | Reduce -19.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.35% | 40,204 | $1.9M | Add +23.8% |
| IVW iShares S&P 500 Growth ETF | 0.35% | 15,396 | $1.9M | Add +14.5% |
| TSLA Tesla Inc. | 0.34% | 4,119 | $1.8M | Reduce -9.7% |
| BSCS Invesco Bulletshares 2028 CB | 0.34% | 89,035 | $1.8M | Add +1.7% |
| MBB iShares MBS ETF | 0.33% | 18,842 | $1.8M | Add +34.0% |
| QUAL iShares MSCI USA Quality Fac | 0.32% | 8,905 | $1.7M | Reduce -3.9% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.31% | 35,820 | $1.7M | Add +88.3% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 0.31% | 114,396 | $1.7M | Add +0.2% |
| RDVY First Trust Rising Dividend | 0.30% | 23,946 | $1.6M | Reduce -23.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.29% | 18,087 | $1.6M | Add +9.1% |
| FDN First Trust DJ Internet Ind | 0.28% | 5,406 | $1.5M | Add +0.5% |
| GOVT iShares US Treasury Bond ETF | 0.28% | 65,414 | $1.5M | Add +52.5% |
| IWM iShares Russell 2000 ETF | 0.26% | 5,736 | $1.4M | Reduce -1.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.26% | 27,079 | $1.4M | Reduce -12.3% |
| WEC WEC Energy Group Inc. | 0.25% | 11,674 | $1.3M | Reduce -0.8% |
| KNG FT Vest S&P 500 DVD Arst TRG | 0.24% | 26,162 | $1.3M | Add +3.3% |
| IVE iShares S&P 500 Value ETF | 0.24% | 6,199 | $1.3M | Add +10.8% |
| BSCP Invesco Bulletshares 2025 CB | 0.23% | 60,105 | $1.2M | Reduce -11.0% |
| FTC First Trust Large Cap Growth | 0.22% | 7,384 | $1.2M | Reduce -5.0% |
| JMBS Janus Henderson Mortg Backed | 0.22% | 25,792 | $1.2M | Add +0.1% |
| FIXD First Trust Smith Opportunis | 0.22% | 26,402 | $1.2M | Reduce -1.3% |
| CIBR First Trust Nasdaq Cybersecu | 0.22% | 15,325 | $1.2M | Add +6.2% |
| CGGR Cap Group Growth Equity | 0.22% | 26,515 | $1.2M | Add +19.1% |
| THRO iShares U.S. Thematic Rotati | 0.21% | 30,151 | $1.1M | Add +106.9% |
| FVD First Trust Value Line DVD | 0.21% | 24,265 | $1.1M | Reduce -35.3% |
| VRT Vertiv Holdings Co. Class A | 0.21% | 7,330 | $1.1M | Reduce -5.7% |
| FTA First Trust L C Val Alp | 0.21% | 13,232 | $1.1M | Reduce -1.5% |
| IUSG iShares Core S&P U.S. Growth | 0.20% | 6,400 | $1.1M | Add +25.4% |
| EFV iShares MSCI Eafe Value ETF | 0.19% | 15,353 | $1.0M | Add +6.7% |
| CGCB Cap Group Core Bond | 0.19% | 38,412 | $1.0M | Add +56.7% |
| AIQ Global X Art Intel & Tech | 0.19% | 20,299 | $1.0M | Add +4.7% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.19% | 25,241 | $998K | Add +7.8% |
| SPTI SS SPDR P Int Term TSY ETF | 0.18% | 33,551 | $970K | Add +7.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.18% | 10,064 | $958K | Add +9.3% |
| IBTK iShares Ibonds Dec 2030 Trea | 0.17% | 47,196 | $938K | Add +20.6% |
| OEF iShares S&P 100 ETF | 0.17% | 2,815 | $937K | Add +109.8% |
| LLY Eli Lilly & Co. | 0.17% | 1,219 | $931K | Reduce -0.4% |
| GLD SPDR Gold Shares | 0.17% | 2,552 | $907K | Add +12.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.17% | 9,779 | $897K | Reduce -68.8% |
| FEX First Trust Large Cap Core A | 0.16% | 7,438 | $869K | Reduce -0.0% |
| TLH iShares 10-20 Year Treasury | 0.16% | 8,350 | $860K | Add +76.0% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 0.16% | 24,595 | $854K | Add +0.1% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.16% | 34,810 | $851K | Add +0.4% |
| CGCP Cap Group Core Plus Income | 0.16% | 37,404 | $850K | Add +60.1% |
| META Meta Platforms Inc. Class A | 0.16% | 1,152 | $847K | Add +6.4% |
| MUB iShares National Muni Bond E | 0.16% | 7,945 | $846K | Add +14.5% |
| T AT&T Inc. | 0.16% | 29,960 | $846K | Add +1.4% |
| FEP First Trust Europe | 0.16% | 16,478 | $843K | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 0.16% | 2,674 | $843K | Add +13.6% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.15% | 2,830 | $831K | Reduce -3.7% |
| TDIV FT Nasdaq Tech DVD Index FD | 0.15% | 8,314 | $820K | Add +0.9% |
| VGT Vanguard Info Tech ETF | 0.15% | 1,093 | $816K | Add +4.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.15% | 2,698 | $803K | Add +0.1% |
| TMFC Motley Fool 100 Index ETF | 0.15% | 11,386 | $803K | Reduce -53.0% |
| MTUM iShares MSCI USA Momentum Fa | 0.15% | 3,130 | $803K | Add +14.3% |
Portfolio Sells Q2 2025 → Q3 2025
| SDVY First Trust Smid Cap Rising | Reduce -36.8% | 2.51% | −1.67 |
| VNLA Janus Henderson Short Durati | Reduce -9.5% | 3.82% | −0.96 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -4.7% | 5.50% | −0.70 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -68.8% | 0.17% | −0.44 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.5% | 2.96% | −0.19 |
| TMFC Motley Fool 100 Index ETF | Reduce -53.0% | 0.15% | −0.18 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -15.7% | 0.60% | −0.17 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -3.1% | 1.63% | −0.17 |
| FVD First Trust Value Line DVD | Reduce -35.3% | 0.21% | −0.15 |
| CLOI Vaneck Clo ETF | Reduce -19.4% | 0.35% | −0.14 |
| FTCS First Trust Capital Strength | Reduce -14.6% | 0.46% | −0.13 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -7.8% | 0.92% | −0.13 |
| DAVE Dave Inc. | Sold out | 0.00% | −0.11 |
| RDVY First Trust Rising Dividend | Reduce -23.1% | 0.30% | −0.11 |
| FTSM First Trust Enh Short Mat FD | Reduce -46.0% | 0.09% | −0.10 |
| EFG iShares MSCI Eafe Growth ETF | Sold out | 0.00% | −0.09 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.7% | 0.97% | −0.08 |
| FV First Trust DW Focus 5 Fund | Reduce -9.0% | 0.41% | −0.08 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -3.2% | 0.47% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.2% | 1.00% | −0.08 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -12.3% | 0.26% | −0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -7.5% | 0.40% | −0.06 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -11.0% | 0.23% | −0.06 |
| SPMO Invesco S&P 500 Momentum ETF | Sold out | 0.00% | −0.06 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.06 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.05 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.05 |
| IYW iShares Ustechnology ETF | Reduce -30.1% | 0.11% | −0.05 |
| WMT Walmart Inc. | Reduce -23.7% | 0.11% | −0.04 |
| XLK SS Technology Select Sector | Reduce -3.8% | 0.74% | −0.04 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.04 |
| BSCQ Invesco Bulletshares 2026 CB | Sold out | 0.00% | −0.04 |
| RECS Columbia Resear Enh Cor ETF | Reduce -4.0% | 0.49% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Reduce -3.9% | 0.32% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -12.1% | 0.14% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -10.7% | 0.11% | −0.03 |
| FIXD First Trust Smith Opportunis | Reduce -1.3% | 0.22% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -0.4% | 0.17% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -17.7% | 0.06% | −0.03 |
| FTC First Trust Large Cap Growth | Reduce -5.0% | 0.22% | −0.03 |
| IDLV Invesco S&P International DE | Reduce -11.0% | 0.10% | −0.03 |
| GSEW Goldman Sachs Eql WGHT Large | Reduce -27.7% | 0.05% | −0.02 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -3.7% | 0.15% | −0.02 |
| XLC SS Comm Select Sector SPDR | Reduce -23.8% | 0.06% | −0.02 |
| KO The Coca-Cola Co. | Reduce -4.4% | 0.08% | −0.02 |
| CAT Caterpillar Inc. | Reduce -28.9% | 0.07% | −0.02 |
| SPMV Invesco S&P 500 Minimum Vari | Reduce -22.7% | 0.05% | −0.02 |
| NOBL Proshares S&P 500 Dividend A | Reduce -18.1% | 0.06% | −0.02 |
| VRIG Invesco Variable Rate Invest | Reduce -5.5% | 0.10% | −0.02 |
| FTA First Trust L C Val Alp | Reduce -1.5% | 0.21% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| AVEM Avantis Emerging Markets Eq | Add +1073.1% | 1.76% | +1.60 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +35.3% | 6.06% | +1.34 |
| GDX Vaneck Gold Miners ETF | Add +0.4% | 3.52% | +0.81 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +39.0% | 1.68% | +0.42 |
| GTO Invesco Total Return Bond Et | Add +30.9% | 2.74% | +0.39 |
| SMH Vaneck Semiconductor ETF | Add +41.3% | 0.90% | +0.28 |
| IREN Iren Ltd. | Add +88.3% | 0.31% | +0.25 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +33.8% | 1.24% | +0.24 |
| SPEM State Street SP PTF Em ETF | Add +40.1% | 0.72% | +0.19 |
| IBIT iShares Bitcoin Trust ETF | New | 0.15% | +0.15 |
| BDYN iShares DYN Act ETF | New | 0.12% | +0.12 |
| NVDA Nvidia Corp. | Add +6.0% | 1.30% | +0.12 |
| THRO iShares U.S. Thematic Rotati | Add +106.9% | 0.21% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +4.0% | 0.48% | +0.10 |
| AAPL Apple Inc. | Add +0.9% | 1.01% | +0.09 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +23.2% | 0.62% | +0.09 |
| BAI Ishrs AI in and Tech Act ETF | New | 0.09% | +0.09 |
| OEF iShares S&P 100 ETF | Add +109.8% | 0.17% | +0.09 |
| IAU iShares Gold Trust | New | 0.08% | +0.08 |
| BDVL iShares DV Equity Active ETF | New | 0.08% | +0.08 |
| GOOG Alphabet Inc. Class C | Add +4.0% | 0.36% | +0.07 |
| GOVT iShares US Treasury Bond ETF | Add +52.5% | 0.28% | +0.07 |
| FYC First Trust Small Cap Growth | Add +2.4% | 2.36% | +0.07 |
| ITA iShares U.S. Aerospace & Def | New | 0.06% | +0.06 |
| TLH iShares 10-20 Year Treasury | Add +76.0% | 0.16% | +0.06 |
| CLS Celestica Inc. | New | 0.06% | +0.06 |
| MBB iShares MBS ETF | Add +34.0% | 0.33% | +0.05 |
| CGCB Cap Group Core Bond | Add +56.7% | 0.19% | +0.05 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.05% | +0.05 |
| CGMS Cap Group US Multi-Sect Bond | New | 0.05% | +0.05 |
| XLE SS Energy Select Sector | New | 0.05% | +0.05 |
| XLY SS Consumer Disc Select Sect | New | 0.05% | +0.05 |
| CGCP Cap Group Core Plus Income | Add +60.1% | 0.16% | +0.05 |
| APLD Applied Digital Corp. | New | 0.05% | +0.05 |
| AMD Advanced Micro Devices | New | 0.05% | +0.05 |
| CGXU Cap Group Intl Focus | Add +59.3% | 0.13% | +0.04 |
| IEMG iShares Core MSCI Emerging | Add +15.7% | 0.41% | +0.04 |
| CGNG Cap Group New Geography Eq | New | 0.04% | +0.04 |
| LMT Lockheed Martin Corp. | New | 0.04% | +0.04 |
| FAST Fastenal Co. | New | 0.04% | +0.04 |
| FDT First Trust Develp MKT Ex-US | New | 0.04% | +0.04 |
| CW Curtiss-Wright Corp. | New | 0.04% | +0.04 |
| EEMV iShares MSCI Emg MKT Min Vol | New | 0.04% | +0.04 |
| BKH Black Hills Corp. | New | 0.04% | +0.04 |
| SLYV SS SPDR S&P 600 SC Val ETF | New | 0.04% | +0.04 |
| LNT Alliant Energy Corp. | New | 0.04% | +0.04 |
| CSCO Cisco Systems Inc. | New | 0.04% | +0.04 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.04% | +0.04 |
| IUSG iShares Core S&P U.S. Growth | Add +25.4% | 0.20% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +14.5% | 0.35% | +0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 145 | $316.1M | IWL, QQQ, SPYM, SMH, VNLA |
| Q1 2026 | 255 | $618.8M | IWL, QQQ, SPYM, MOAT, GDX |
| Q4 2025 | 235 | $578.5M | IWL, QQQ, SPYM, MOAT, GDX |
| Q3 2025 | 224 | $537.4M | IWL, QQQ, SPYM, MOAT, VNLA |
| Q2 2025 | 207 | $473.5M | IWL, QQQ, MOAT, VNLA, SPYM |
| Q1 2025 | 111 | $184.1M | IWL, MOAT, QQQ, SDVY, VNLA |
| Q4 2024 | 106 | $178.1M | IWL, MOAT, QQQ, VNLA, SDVY |