Skip to main content
Livermore
Livermore
ZHEN

Richardson Financial Services Inc.

SEC CIK
0002012303
Latest filing
Aug 10, 2026

The latest 13F from Richardson Financial Services Inc. covers Q2 2026 (filed Aug 10, 2026): 607 long positions worth $176.3M. The top 10 holdings make up 30.1% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 4.7%. 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
41
Est. +$2.00M
Added
208
Est. +$10.0M
Reduced
210
Est. −$11.8M
Sold out
47
Est. −$1.24M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    4.7%$8.24M
  2. AAPLApple Inc.
    4.7%$8.20MHistory
  3. Vanguard Morningstar Value ETF922908744
    4.2%$7.34M
  4. Vanguard Morningstar Growth ETF922908736
    4.1%$7.16M
  5. NVDANVIDIA Corp
    2.8%$4.86MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. State Street Energy Select Sector SPDR ETF81369Y506
    +$836.5KNew
  2. MUMicron Technology Inc
    +$813.8KAddedHistory
  3. Vanguard World FD921910816
    +$553.1KAddedConverted for a 5-for-1 split
  4. State Street Industrial Select Sector SPDR ETF81369Y704
    +$472.3KAdded
  5. Vanguard World FD921910840
    +$407.3KAdded

Largest weight increases

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

  1. MUMicron Technology Inc
    +0.74 pp0.1% → 0.9%History
  2. State Street Energy Select Sector SPDR ETF81369Y506
    +0.47 pp0.0% → 0.5%
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.40 pp4.3% → 4.7%
  4. Vanguard World FD921910816
    +0.36 pp0.6% → 0.9%
  5. PANWPalo Alto Networks Inc
    +0.29 pp0.3% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street Health Care Select Sector SPDR ETF81369Y209
    −$924.2KReduced
  2. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    −$875.9KReduced
  3. MAMastercard Inc
    −$685.1KReducedHistory
  4. TTTrane Technologies plc
    −$586.9KReducedHistory
  5. State Street Technology Select Sector SPDR ETF81369Y803
    −$585.8KReduced

Largest weight decreases

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

  1. State Street Health Care Select Sector SPDR ETF81369Y209
    −0.53 pp0.6% → <0.1%
  2. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    −0.50 pp2.3% → 1.8%
  3. MAMastercard Inc
    −0.44 pp0.8% → 0.3%History
  4. ISRGIntuitive Surgical Inc
    −0.31 pp0.5% → 0.2%History
  5. TTTrane Technologies plc
    −0.30 pp0.5% → 0.2%History

Metrics

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

Portfolio value
$176.3M
+$16.5M (+10.3%) vs. prior quarter
Positions
607
−6 vs. prior quarter
Top 10 concentration
30.1%
Top 10 as share of value
Turnover
7.2%
Q2 2026, one quarter
Average holding period
10.1 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 $176.3M (Q2 2026)

Q4 2023: $114.2MQ1 2024: $141.9MQ2 2024: $138.9MQ3 2024: $157.4MQ4 2024: $142.3MQ1 2025: $131.4MQ2 2025: $148.9MQ3 2025: $161.3MQ4 2025: $161.2MQ1 2026: $159.8MQ2 2026: $176.3M
Q4 2023Q2 2026
13F filings of Richardson Financial Services Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 10, 2026607$176.3MState Street SPDR Portfolio S&P 500 ETFAAPLVanguard Morningstar Value ETFvs. Q1 2026SEC
Q1 2026May 4, 2026613$159.8MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Value ETFvs. Q4 2025SEC
Q4 2025Jan 22, 2026598$161.2MState Street SPDR Portfolio S&P 500 ETFAAPLVanguard Morningstar Value ETFvs. Q3 2025SEC
Q3 2025Oct 28, 2025513$161.3MState Street SPDR Portfolio S&P 500 ETFAAPLVanguard Morningstar Growth ETFvs. Q2 2025SEC
Q2 2025Jul 25, 2025609$148.9MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Growth ETFVanguard Morningstar Value ETFvs. Q1 2025SEC
Q1 2025May 6, 2025602$131.4MAAPLState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Value ETFvs. Q4 2024SEC
Q4 2024Jan 24, 2025606$142.3MState Street SPDR Portfolio S&P 500 ETFAAPLVanguard Morningstar Value ETFvs. Q3 2024SEC
Q3 2024Oct 24, 2024600$157.4MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFState Street SPDR Portfolio S&P 500 ETFvs. Q2 2024SEC
Q2 2024Aug 12, 2024588$138.9MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q1 2024SEC
Q1 2024May 3, 2024621$141.9MState Street SPDR Portfolio S&P 500 ETFVanguard Morningstar Value ETFVanguard Morningstar Growth ETFvs. Q4 2023SEC
Q4 2023Mar 4, 2024377$114.2MState Street SPDR Portfolio S&P 500 ETFAAPLVanguard Morningstar Value ETF–SEC