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Livermore
Livermore
ZHEN

Richmond Brothers, Inc.

SEC CIK
0001540462
Latest filing
Aug 11, 2026

The latest 13F from Richmond Brothers, Inc. covers Q2 2026 (filed Aug 11, 2026): 96 long positions worth $192.3M. The top 10 holdings make up 36.5% of the portfolio, and the largest is Invesco QQQ Trust Series I at 14.8%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
61
Est. +$87.7M
Added
8
Est. +$17.2M
Reduced
23
Est. −$81.4M
Sold out
1
Est. −$250.3K

Top 5 holdings

Share of this quarter's portfolio value

  1. Invesco QQQ Trust Series I46090E103
    14.8%$28.4M
  2. AAPLApple Inc.
    4.7%$9.03MHistory
  3. NVDANVIDIA Corp
    3.3%$6.30MHistory
  4. MSFTMicrosoft Corp
    3.1%$5.93MHistory
  5. Vanguard Information Technology ETF92204A702
    2.0%$3.87M

Share of portfolio

Top 5 holdings and the other 91 positions, by share of portfolio value

  1. Invesco QQQ Trust Series I14.8%
  2. AAPL4.7%
  3. NVDA3.3%
  4. MSFT3.1%
  5. Vanguard Information Technology ETF2.0%
  6. Other 91 positions72.2%

Biggest buys

New and added positions, by estimated amount bought

  1. NVDANVIDIA Corp
    +$6.30MNewHistory
  2. AAPLApple Inc.
    +$5.67MAddedHistory
  3. MSFTMicrosoft Corp
    +$5.08MAddedHistory
  4. Aim ETF Products Trust00888H646
    +$3.44MNew
  5. Aim ETF Products Trust00888H760
    +$3.08MNew

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. NVDANVIDIA Corp
    +3.27 pp0.0% → 3.3%History
  2. AAPLApple Inc.
    +2.74 pp2.0% → 4.7%History
  3. MSFTMicrosoft Corp
    +2.52 pp0.6% → 3.1%History
  4. Aim ETF Products Trust00888H646
    +1.79 pp0.0% → 1.8%
  5. Aim ETF Products Trust00888H760
    +1.60 pp0.0% → 1.6%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$27.2MReduced
  2. Vanguard Information Technology ETF92204A702
    −$4.77MReducedConverted for a 8-for-1 split
  3. Vanguard Industrials ETF92204A603
    −$4.41MReduced
  4. Vanguard Energy ETF92204A306
    −$4.13MReduced
  5. Vanguard Materials ETF92204A801
    −$3.98MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Invesco QQQ Trust Series I46090E103
    −14.23 pp29.0% → 14.8%
  2. Vanguard Energy ETF92204A306
    −3.98 pp5.7% → 1.7%
  3. Vanguard Utilities ETF92204A876
    −3.14 pp4.7% → 1.6%
  4. Vanguard Materials ETF92204A801
    −3.04 pp4.7% → 1.6%
  5. Vanguard Consumer Staples ETF92204A207
    −2.94 pp4.4% → 1.5%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$192.3M
+$42.1M (+28.1%) vs. prior quarter
Positions
96
+60 vs. prior quarter
Top 10 concentration
36.5%
Top 10 as share of value
Turnover
47.7%
Q2 2026, one quarter
Average holding period
7.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $192.3M (Q2 2026)

Q4 2021: $139.2MQ1 2022: $129.9MQ2 2022: $97.7MQ3 2022: $89.8MQ4 2022: $71.3MQ1 2023: $59.3MQ2 2023: $61.8MQ3 2023: $53.2MQ4 2023: $57.4MQ1 2024: $54.0MQ2 2024: $50.6MQ3 2024: $162.2MQ4 2024: $156.0MQ1 2025: $158.2MQ2 2025: $152.7MQ3 2025: $158.4MQ4 2025: $157.2MQ1 2026: $150.2MQ2 2026: $192.3M
Q4 2021Q2 2026
13F filings of Richmond Brothers, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 202696$192.3MInvesco QQQ Trust Series IAAPLNVDAvs. Q1 2026SEC
Q1 2026May 11, 202636$150.2MInvesco QQQ Trust Series IVanguard Energy ETFVanguard Utilities ETFvs. Q4 2025SEC
Q4 2025Feb 12, 202636$157.2MInvesco QQQ Trust Series IVanguard Communication Services ETFVanguard Health Care ETFvs. Q3 2025SEC
Q3 2025Nov 10, 202534$158.4MInvesco QQQ Trust Series IVanguard Communication Services ETFVanguard Utilities ETFvs. Q2 2025SEC
Q2 2025Aug 8, 202530$152.7MInvesco QQQ Trust Series IVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFvs. Q1 2025SEC
Q1 2025May 2, 202531$158.2MVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFVanguard Malvern FDSvs. Q4 2024SEC
Q4 2024Feb 11, 202532$156.0MInvesco QQQ Trust Series IState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Communication Services ETFvs. Q3 2024SEC
Q3 2024Nov 12, 202433$162.2MInvesco QQQ Trust Series IState Street SPDR Bloomberg 1-3 Month T-Bill ETFVanguard Utilities ETFvs. Q2 2024SEC
Q2 2024Aug 12, 202422$50.6MInvesco QQQ Trust Series IMDXGAAPLvs. Q1 2024SEC
Q1 2024May 9, 202424$54.0MInvesco QQQ Trust Series IMDXGBRK.Bvs. Q4 2023SEC
Q4 2023Feb 8, 202423$57.4MInvesco QQQ Trust Series IMDXGAAPLvs. Q3 2023SEC
Q3 2023Nov 3, 202324$53.2MInvesco QQQ Trust Series IMDXGAAPLvs. Q2 2023SEC
Q2 2023Aug 11, 202322$61.8MInvesco QQQ Trust Series IMDXGAAPLvs. Q1 2023SEC
Q1 2023May 10, 202322$59.3MInvesco QQQ Trust Series IAAPLBRK.Bvs. Q4 2022SEC
Q4 2022Feb 8, 202321$71.3MInvesco QQQ Trust Series IBRK.BAAPLvs. Q3 2022SEC
Q3 2022Nov 2, 202224$89.8MInvesco QQQ Trust Series IBRK.BAAPLvs. Q2 2022SEC
Q2 2022Aug 12, 202222$97.7MInvesco QQQ Trust Series IBRK.BAAPLvs. Q1 2022SEC
Q1 2022May 5, 202222$129.9MInvesco QQQ Trust Series IBRK.BAAPLvs. Q4 2021SEC
Q4 2021Feb 10, 202225$139.2MInvesco QQQ Trust Series IMDXGAAPL–SEC

13D and 13G filings

Companies where Richmond Brothers, Inc. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Richmond Brothers, Inc. does not currently report owning 5% or more of any company.

Latest filings

7 filings on file made by Richmond Brothers, Inc. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Richmond Brothers, Inc.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
RMTIRockwell Medical, Inc.Sep 6, 202313D/AOld format–––SEC
RMTIRockwell Medical, Inc.Feb 23, 202313GOld format–––SEC
RMTIRockwell Medical, Inc.Jun 23, 202213D/AOld format–––SEC
IRDOpus Genetics, Inc.May 17, 202213GOld format–New–SEC
AIRIAir Industries GroupOct 22, 202113D/AOld format–––SEC
AIRIAir Industries GroupOct 12, 202113D/AOld format–––SEC
AIRIAir Industries GroupApr 30, 202113D/AOld format–––SEC