Managers / Q1 2026
Richard W. Paul & Associates, LLC
CIK 0001964203 · 39555 ORCHARD HILL PLACE, ST 100, NOVI, MI, 48375-5376 · 2483059911
Summary
Richard W. Paul & Associates, LLC reported $297M in U.S.-listed holdings across 300 positions for Q1 2026.
Its largest position, Ishares Tr, represents 6.3% of the portfolio.
Compared with Q4 2025, the fund opened 13 new positions and exited 7.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 67.3% · $200M
- Common Stock · 29.9% · $89M
- Other · 2.0% · $6M
- ADR · 0.5% · $1M
- REIT · 0.4% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FIDELITY COVINGTON TRUST | NEW | +142.1K | 142.1K | +$5M | $5M |
| FIDELITY MERRIMACK STR TR | NEW | +96.6K | 96.6K | +$4M | $4M |
| ISHARES TR | NEW | +25.4K | 25.4K | +$2M | $2M |
| SJMSMUCKER J M CO | NEW | +2.6K | 2.6K | +$250,262 | $250,262 |
| AMCOR PLC | NEW | +561 | 561 | +$22,300 | $22,300 |
| KIMKIMCO REALTY CORP | NEW | +646 | 646 | +$14,516 | $14,516 |
| MDLZMONDELEZ INTL INC | NEW | +221 | 221 | +$12,738 | $12,738 |
| MEDTRONIC PLC | NEW | +112 | 112 | +$9,705 | $9,705 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | CORE S&P US VLU · CORE S&P US GWT · 20 YR TR BD ETF · CORE MSCI EAFE · CORE S&P SCP ETF · CORE US AGGBD ET · MSCI EAFE ETF · CORE S&P500 ETF · CORE UNIVRSL USD · EAFE SML CP ETF · CORE S&P MCP ETF · MSCI EMG MKT ETF · CORE INTL AGGR · CORE 1 5 YR USD · JPMORGAN USD EMG · MSCI CHINA ETF · GLB INFRASTR ETF | 36.05% | $107M | 1.17M |
| 2 | PIMCO ETF TR | MULTISECTOR BD · ACTIVE BD ETF | 4.76% | $14M | 360.3K |
| 3 | J P MORGAN EXCHANGE TRADED F | INCOME ETF | 3.64% | $11M | 234.8K |
| 4 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 2.47% | $7M | 38.3K |
| 5 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.23% | $7M | 11.5K |
| 6 | ISHARES INC | CORE MSCI EMKT | 1.97% | $6M | 83.8K |
| 7 | VANGUARD WHITEHALL FDS | INTL HIGH ETF · HIGH DIV YLD | 1.92% | $6M | 51.8K |
| 8 | FIDELITY COVINGTON TRUST | ENHANCED SMALL | 1.82% | $5M | 142.1K |
| 9 | AAPLAPPLE INChistory → | COM | 1.55% | $5M | 18.2K |
| 10 | FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 1.48% | $4M | 96.6K |
| 11 | FIRST TR EXCHNG TRADED FD VI | FT VEST LADDERED | 1.34% | $4M | 130.6K |
| 12 | MSFTMICROSOFT CORPhistory → | COM | 1.20% | $4M | 9.6K |
| 13 | NVDANVIDIA CORPORATIONhistory → | COM | 1.15% | $3M | 19.6K |
| 14 | GOOGALPHABET INC | CAP STK CL C | 0.72% | $2M | 7.4K |
| 15 | JANUS DETROIT STR TR | HENDERSON MTG | 0.67% | $2M | 43.7K |
| 16 | METAMETA PLATFORMS INC | CL A | 0.63% | $2M | 3.3K |
| 17 | JPMJPMORGAN CHASE & CO | COM | 0.62% | $2M | 6.3K |
| 18 | 4I1PHILIP MORRIS INTL INC | COM | 0.61% | $2M | 11.0K |
| 19 | BACVERIZON COMMUNICATIONS INC | COM | 0.60% | $2M | 35.3K |
| 20 | FETHFIDELITY ETHEREUM FD | SHS | 0.59% | $2M | 84.0K |
| 21 | AFWALIGN TECHNOLOGY INC | COM | 0.59% | $2M | 10.2K |
| 22 | AMZNAMAZON COM INC | COM | 0.59% | $2M | 8.4K |
| 23 | COSTCOSTCO WHOLESALE CORPORATION | COM | 0.55% | $2M | 1.6K |
| 24 | ASML HLDG NV | N Y REGISTRY SHS | 0.54% | $2M | 1.2K |
| 25 | AVGOBROADCOM INC | COM | 0.53% | $2M | 5.1K |
| 26 | MUMICRON TECHNOLOGY INC | COM | 0.53% | $2M | 4.6K |
| 27 | VRTVERTIV HOLDINGS CO | COM CL A | 0.52% | $2M | 6.2K |
| 28 | ABBVABBVIE INC | COM | 0.51% | $2M | 7.0K |
| 29 | UPSUNITED PARCEL SVCS INC | CL B | 0.51% | $2M | 15.5K |
| 30 | NFLXNETFLIX INC. | COM | 0.51% | $2M | 15.7K |
| 31 | SPDR SERIES TRUST | STATE STREET SPD | 0.51% | $2M | 19.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $297M | 300 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $301M | 294 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $293M | 316 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $277M | 337 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $255M | 337 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $275M | 513 | Feb 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $278M | 506 | Oct 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $259M | 497 | Jul 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $251M | 512 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $238M | 503 | Jan 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $219M | 1,205 | Oct 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $230M | 1,271 | Jul 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $217M | 1,284 | Apr 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $199M | 1,304 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.