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Livermore
Livermore
ZHEN

Richard W. Paul & Associates, LLC

SEC CIK
0001964203
Latest filing
Aug 10, 2026

The latest 13F from Richard W. Paul & Associates, LLC covers Q2 2026 (filed Aug 10, 2026): 320 long positions worth $327.0M. The top 10 holdings make up 36.9% of the portfolio, and the largest is iShares Core S&P US Value ETF at 6.2%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2022.

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
34
Est. +$4.53M
Added
98
Est. +$18.8M
Reduced
118
Est. −$23.8M
Sold out
14
Est. −$1.12M

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P US Value ETF464287663
    6.2%$20.3M
  2. iShares Core S&P U.S. Growth ETF464287671
    5.8%$18.9M
  3. iShares Tr464287432
    3.5%$11.6M
  4. J P Morgan Exchange Traded F46641Q159
    3.5%$11.4M
  5. iShares Core MSCI Eafe ETF46432F842
    3.5%$11.3M

Share of portfolio

Top 5 holdings and the other 315 positions, by share of portfolio value

  1. iShares Core S&P US Value ETF6.2%
  2. iShares Core S&P U.S. Growth ETF5.8%
  3. iShares Tr3.5%
  4. J P Morgan Exchange Traded F3.5%
  5. iShares Core MSCI Eafe ETF3.5%
  6. Other 315 positions77.5%

Biggest buys

New and added positions, by estimated amount bought

  1. PIMCO Active Bond Exchange-Traded Fund72201R775
    +$3.73MAdded
  2. PIMCO ETF Tr72201R585
    +$2.27MAdded
  3. NVONovo Nordisk A S
    +$1.28MAddedHistory
  4. NKENIKE, Inc.
    +$1.16MNewHistory
  5. CRMSalesforce, Inc.
    +$1.10MAddedHistory

Largest weight increases

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

  1. PIMCO Active Bond Exchange-Traded Fund72201R775
    +0.94 pp2.2% → 3.1%
  2. PIMCO ETF Tr72201R585
    +0.49 pp2.6% → 3.0%
  3. NVONovo Nordisk A S
    +0.39 pp<0.1% → 0.4%History
  4. NKENIKE, Inc.
    +0.35 pp0.0% → 0.4%History
  5. CRMSalesforce, Inc.
    +0.34 pp<0.1% → 0.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −$4.36MReduced
  2. MUMicron Technology Inc
    −$2.73MReducedHistory
  3. STXSeagate Technology Holdings plc
    −$1.82MReducedHistory
  4. AMDAdvanced Micro Devices Inc
    −$1.61MReducedHistory
  5. CSCOCisco Systems, Inc.
    −$1.50MReducedHistory

Largest weight decreases

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

  1. iShares Core U.S. Aggregate Bond ETF464287226
    −1.55 pp2.3% → 0.7%
  2. PYPLPayPal Holdings, Inc.
    −0.49 pp0.5% → <0.1%History
  3. iShares Tr464287432
    −0.43 pp4.0% → 3.5%
  4. PFEPfizer Inc
    −0.39 pp0.4% → <0.1%History
  5. LULUlululemon athletica inc.
    −0.37 pp0.4% → <0.1%History

Metrics

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

Portfolio value
$327.0M
+$29.9M (+10.1%) vs. prior quarter
Positions
320
+20 vs. prior quarter
Top 10 concentration
36.9%
Top 10 as share of value
Turnover
7.5%
Q2 2026, one quarter
Average holding period
12.8 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 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $327.0M (Q2 2026)

Q4 2022: $198.7MQ1 2023: $217.2MQ2 2023: $229.5MQ3 2023: $218.6MQ4 2023: $238.1MQ1 2024: $250.5MQ2 2024: $259.1MQ3 2024: $278.4MQ4 2024: $274.5MQ1 2025: $255.0MQ2 2025: $276.6MQ3 2025: $292.9MQ4 2025: $301.2MQ1 2026: $297.1MQ2 2026: $327.0M
Q4 2022Q2 2026
13F filings of Richard W. Paul & Associates, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026320$327.0MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Trvs. Q1 2026SEC
Q1 2026May 13, 2026300$297.1MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Trvs. Q4 2025SEC
Q4 2025Feb 12, 2026294$301.2MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core U.S. Aggregate Bond ETFvs. Q3 2025SEC
Q3 2025Nov 13, 2025316$292.9MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core S&P Small Cap ETFvs. Q2 2025SEC
Q2 2025Aug 12, 2025337$276.6MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core U.S. Aggregate Bond ETFvs. Q1 2025SEC
Q1 2025May 12, 2025337$255.0MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core S&P Small Cap ETFvs. Q4 2024SEC
Q4 2024Feb 5, 2025513$274.5MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core S&P Small Cap ETFvs. Q3 2024SEC
Q3 2024Oct 17, 2024506$278.4MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core S&P Small Cap ETFvs. Q2 2024SEC
Q2 2024Jul 23, 2024497$259.1MiShares Core S&P U.S. Growth ETFiShares Core S&P US Value ETFiShares Core S&P Small Cap ETFvs. Q1 2024SEC
Q1 2024May 14, 2024512$250.5MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core S&P Small Cap ETFvs. Q4 2023SEC
Q4 2023Jan 23, 2024503$238.1MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFiShares Core S&P Small Cap ETFvs. Q3 2023SEC
Q3 2023Oct 12, 2023511$218.6MState Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFvs. Q2 2023SEC
Q2 2023Jul 25, 2023547$229.5MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFInvesco QQQ Trust Series Ivs. Q1 2023SEC
Q1 2023Apr 24, 2023551$217.2MiShares Core S&P US Value ETFiShares Core S&P U.S. Growth ETFInvesco QQQ Trust Series Ivs. Q4 2022SEC
Q4 2022Feb 7, 2023544$198.7MiShares Core S&P US Value ETFInvesco QQQ Trust Series IiShares Core S&P U.S. Growth ETF–SEC