RICHMOND BROTHERS, INC.

Filed: 8/8/2025ACC: 0001085146-25-004717

📋 What this filing means

RICHMOND BROTHERS, INC. filed this quarterly 13F‑HR report disclosing 30 equity positions with a total reported market value of $152.70M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$152.70M

Total AUM (reported)

3.39M

Total Shares

Allocation by class

UNIT SER 1$38.03M24.9%

SHORT TRM BOND$15.47M10.1%

INTERMED TERM$9.35M6.1%

UTILITIES ETF$7.55M4.9%

COMM SRVC ETF$7.53M4.9%

FINANCIALS ETF$7.35M4.8%

INDUSTRIAL ETF$7.32M4.8%

Portfolio Concentration

Top 3$62.84M41.2%

4–10$50.98M33.4%

11–25$38.08M24.9%

Rest$786.6K0.5%

Top 3 weight

41.2%

Top 10 weight

74.5%

Voting Authority Distribution

Total shares with voting rights: 3.39M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

3.39M

% of voting shares100.0%

Investment Discretion (by position count)

Sole30

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings30

Rows:

INVESCO QQQ TR

SOLE

UNIT SER 1

Shares68.94K

TypeSH

Market value$38.03M

24.90%

Sole

0.00

Shared

0.00

None

68.94K

VANGUARD BD INDEX FDS

SOLE

SHORT TRM BOND

Shares196.59K

TypeSH

Market value$15.47M

10.13%

Sole

0.00

Shared

0.00

None

196.59K

VANGUARD BD INDEX FDS

SOLE

INTERMED TERM

Shares120.86K

TypeSH

Market value$9.35M

6.12%

Sole

0.00

Shared

0.00

None

120.86K

VANGUARD WORLD FD

SOLE

UTILITIES ETF

Shares42.77K

TypeSH

Market value$7.55M

4.94%

Sole

0.00

Shared

0.00

None

42.77K

VANGUARD WORLD FD

SOLE

COMM SRVC ETF

Shares44K

TypeSH

Market value$7.53M

4.93%

Sole

0.00

Shared

0.00

None

44K

VANGUARD WORLD FD

SOLE

FINANCIALS ETF

Shares57.71K

TypeSH

Market value$7.35M

4.81%

Sole

0.00

Shared

0.00

None

57.71K

VANGUARD WORLD FD

SOLE

INDUSTRIAL ETF

Shares26.14K

TypeSH

Market value$7.32M

4.79%

Sole

0.00

Shared

0.00

None

26.14K

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares10.85K

TypeSH

Market value$7.20M

4.71%

Sole

0.00

Shared

0.00

None

10.85K

VANGUARD WORLD FD

SOLE

CONSUM STP ETF

Shares32.74K

TypeSH

Market value$7.17M

4.70%

Sole

0.00

Shared

0.00

None

32.74K

VANGUARD WORLD FD

SOLE

CONSUM DIS ETF

Shares18.97K

TypeSH

Market value$6.87M

4.50%

Sole

0.00

Shared

0.00

None

18.97K

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares122.69K

TypeSH

Market value$6.17M

4.04%

Sole

0.00

Shared

0.00

None

122.69K

GUGGENHEIM STRATEGIC OPPORTU

SOLE

COM SBI

Shares238.40K

TypeSH

Market value$3.55M

2.32%

Sole

0.00

Shared

0.00

None

238.40K

VANGUARD WORLD FD

SOLE

ENERGY ETF

Shares29.32K

TypeSH

Market value$3.49M

2.29%

Sole

0.00

Shared

0.00

None

29.32K

VANGUARD WORLD FD

SOLE

MATERIALS ETF

Shares17.89K

TypeSH

Market value$3.48M

2.28%

Sole

0.00

Shared

0.00

None

17.89K

VANGUARD WORLD FD

SOLE

HEALTH CAR ETF

Shares13.99K

TypeSH

Market value$3.47M

2.28%

Sole

0.00

Shared

0.00

None

13.99K

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares38.82K

TypeSH

Market value$3.46M

2.26%

Sole

0.00

Shared

0.00

None

38.82K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares6.63K

TypeSH

Market value$3.22M

2.11%

Sole

0.00

Shared

0.00

None

6.63K

VANGUARD BD INDEX FDS

SOLE

LONG TERM BOND

Shares45.10K

TypeSH

Market value$3.14M

2.05%

Sole

0.00

Shared

0.00

None

45.10K

APPLE INC

SOLE

COM

Shares13.18K

TypeSH

Market value$2.70M

1.77%

Sole

0.00

Shared

0.00

None

13.18K

MICROSOFT CORP

SOLE

COM

Shares2.54K

TypeSH

Market value$1.26M

0.83%

Sole

0.00

Shared

0.00

None

2.54K

HERON THERAPEUTICS INC

SOLE

COM

Shares554.47K

TypeSH

Market value$1.15M

0.75%

Sole

0.00

Shared

0.00

None

554.47K

DURECT CORP

SOLE

COM NEW

Shares1.45M

TypeSH

Market value$923.4K

0.60%

Sole

0.00

Shared

0.00

None

1.45M

PROSHARES TR

SOLE

ULTRAPRO QQQ

Shares10.34K

TypeSH

Market value$857.8K

0.56%

Sole

0.00

Shared

0.00

None

10.34K

MIMEDX GROUP INC

SOLE

COM

Shares120.98K

TypeSH

Market value$739.2K

0.48%

Sole

0.00

Shared

0.00

None

120.98K

NUVEEN AMT FREE MUN CR INC F

SOLE

COM

Shares38.59K

TypeSH

Market value$460.4K

0.30%

Sole

0.00

Shared

0.00

None

38.59K

Issuer	Class	Shares	Type	Value / Portfolio %	None
INVESCO QQQ TRSOLE	UNIT SER 1	68.94K	SH	$38.03M 24.90%	68.94K
VANGUARD BD INDEX FDSSOLE	SHORT TRM BOND	196.59K	SH	$15.47M 10.13%	196.59K
VANGUARD BD INDEX FDSSOLE	INTERMED TERM	120.86K	SH	$9.35M 6.12%	120.86K
VANGUARD WORLD FDSOLE	UTILITIES ETF	42.77K	SH	$7.55M 4.94%	42.77K
VANGUARD WORLD FDSOLE	COMM SRVC ETF	44K	SH	$7.53M 4.93%	44K
VANGUARD WORLD FDSOLE	FINANCIALS ETF	57.71K	SH	$7.35M 4.81%	57.71K
VANGUARD WORLD FDSOLE	INDUSTRIAL ETF	26.14K	SH	$7.32M 4.79%	26.14K
VANGUARD WORLD FDSOLE	INF TECH ETF	10.85K	SH	$7.20M 4.71%	10.85K
VANGUARD WORLD FDSOLE	CONSUM STP ETF	32.74K	SH	$7.17M 4.70%	32.74K
VANGUARD WORLD FDSOLE	CONSUM DIS ETF	18.97K	SH	$6.87M 4.50%	18.97K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	122.69K	SH	$6.17M 4.04%	122.69K
GUGGENHEIM STRATEGIC OPPORTUSOLE	COM SBI	238.40K	SH	$3.55M 2.32%	238.40K
VANGUARD WORLD FDSOLE	ENERGY ETF	29.32K	SH	$3.49M 2.29%	29.32K
VANGUARD WORLD FDSOLE	MATERIALS ETF	17.89K	SH	$3.48M 2.28%	17.89K
VANGUARD WORLD FDSOLE	HEALTH CAR ETF	13.99K	SH	$3.47M 2.28%	13.99K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	38.82K	SH	$3.46M 2.26%	38.82K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	6.63K	SH	$3.22M 2.11%	6.63K
VANGUARD BD INDEX FDSSOLE	LONG TERM BOND	45.10K	SH	$3.14M 2.05%	45.10K
APPLE INCSOLE	COM	13.18K	SH	$2.70M 1.77%	13.18K
MICROSOFT CORPSOLE	COM	2.54K	SH	$1.26M 0.83%	2.54K
HERON THERAPEUTICS INCSOLE	COM	554.47K	SH	$1.15M 0.75%	554.47K
DURECT CORPSOLE	COM NEW	1.45M	SH	$923.4K 0.60%	1.45M
PROSHARES TRSOLE	ULTRAPRO QQQ	10.34K	SH	$857.8K 0.56%	10.34K
MIMEDX GROUP INCSOLE	COM	120.98K	SH	$739.2K 0.48%	120.98K
NUVEEN AMT FREE MUN CR INC FSOLE	COM	38.59K	SH	$460.4K 0.30%	38.59K

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