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Livermore
Livermore
ZHEN

Richardson Capital Management LLC

SEC CIK
0001621646
Latest filing
Jul 17, 2026

The latest 13F from Richardson Capital Management LLC covers Q2 2026 (filed Jul 17, 2026): 243 long positions worth $234.0M. The top 10 holdings make up 87.9% of the portfolio, and the largest is Schwab U.S. Large-Cap ETF at 22.5%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2023.

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
5
Est. +$295.8K
Added
26
Est. +$2.07M
Reduced
61
Est. −$3.12M
Sold out
156
Est. −$961.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab U.S. Large-Cap ETF808524201
    22.5%$52.7M
  2. Schwab U.S. Large-Cap Growth ETF808524300
    15.1%$35.3M
  3. Schwab Fundamental U.S. Large Company ETF808524771
    13.7%$32.1M
  4. Vanguard S&P 500 ETF922908363
    10.8%$25.2M
  5. iShares Core S&P Mid-Cap ETF464287507
    8.8%$20.7M

Share of portfolio

Top 5 holdings and the other 238 positions, by share of portfolio value

  1. Schwab U.S. Large-Cap ETF22.5%
  2. Schwab U.S. Large-Cap Growth ETF15.1%
  3. Schwab Fundamental U.S. Large Company ETF13.7%
  4. Vanguard S&P 500 ETF10.8%
  5. iShares Core S&P Mid-Cap ETF8.8%
  6. Other 238 positions29.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Schwab Fundamental U.S. Large Company ETF808524771
    +$790.8KAdded
  2. Vanguard Morningstar Total Stock Market ETF922908769
    +$230.6KAdded
  3. iShares Core S&P Mid-Cap ETF464287507
    +$207.6KAdded
  4. Dimensional ETF Trust25434V815
    +$195.6KAdded
  5. Matthews Asia FDS577125743
    +$153.1KAdded

Largest weight increases

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

  1. Matthews Asia FDS577125743
    +0.19 pp1.8% → 2.0%
  2. Schwab Fundamental U.S. Large Company ETF808524771
    +0.18 pp13.5% → 13.7%
  3. iShares Core S&P Mid-Cap ETF464287507
    +0.18 pp8.7% → 8.8%
  4. BlackRock ETF Trust09290C780
    +0.11 pp0.1% → 0.2%
  5. NVDANVIDIA Corp
    +0.08 pp5.0% → 5.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Pgim ETF Tr69344A107
    −$838.5KReduced
  2. Schwab US Dividend Equity ETF808524797
    −$560.2KReduced
  3. VOYGVoyager Technologies, Inc.
    −$293.9KReducedHistory
  4. AAPLApple Inc.
    −$257.4KReducedHistory
  5. Vanguard S&P 500 ETF922908363
    −$219.8KReduced

Largest weight decreases

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

  1. Schwab US Dividend Equity ETF808524797
    −0.77 pp6.2% → 5.5%
  2. Pgim ETF Tr69344A107
    −0.46 pp0.9% → 0.5%
  3. AAPLApple Inc.
    −0.11 pp0.2% → 0.1%History
  4. VOYGVoyager Technologies, Inc.
    −0.08 pp0.2% → 0.1%History
  5. HONHoneywell International Inc
    −0.07 pp0.1% → 0.0%History

Metrics

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

Portfolio value
$234.0M
+$26.9M (+13.0%) vs. prior quarter
Positions
243
−151 vs. prior quarter
Top 10 concentration
87.9%
Top 10 as share of value
Turnover
1.1%
Q2 2026, one quarter
Average holding period
9.7 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 2023), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $234.0M (Q2 2026)

Q4 2023: $102.9MQ1 2024: $122.3MQ2 2024: $129.9MQ3 2024: $143.2MQ4 2024: $157.2MQ1 2025: $160.4MQ2 2025: $190.7MQ3 2025: $210.4MQ4 2025: $199.3MQ1 2026: $207.1MQ2 2026: $234.0M
Q4 2023Q2 2026
13F filings of Richardson Capital Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 17, 2026243$234.0MSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFSchwab Fundamental U.S. Large Company ETFvs. Q1 2026SEC
Q1 2026May 12, 2026394$207.1MSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFSchwab Fundamental U.S. Large Company ETFvs. Q4 2025SEC
Q4 2025Jan 30, 2026249$199.3MSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFSchwab Fundamental U.S. Large Company ETFvs. Q3 2025SEC
Q3 2025Oct 31, 2025223$210.4MSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFSchwab Fundamental U.S. Large Company ETFvs. Q2 2025SEC
Q2 2025Jul 23, 2025206$190.7MSchwab U.S. Large-Cap ETFSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2025SEC
Q1 2025Apr 25, 2025245$160.4MSchwab U.S. Large-Cap ETFSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2024SEC
Q4 2024Feb 4, 2025142$157.2MSchwab U.S. Large-Cap ETFSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2024SEC
Q3 2024Nov 5, 2024138$143.2MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q2 2024SEC
Q2 2024Jul 26, 2024185$129.9MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q1 2024SEC
Q1 2024Apr 17, 2024143$122.3MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2023SEC
Q4 2023Feb 13, 2024134$102.9MSchwab US Dividend Equity ETFSchwab U.S. Large-Cap Growth ETFSchwab U.S. Large-Cap ETF–SEC