Richard Bernstein Advisors LLC
Long book
$3.45B
Q1 2026
Positions
227
Top-10 weight
78%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
43%
of book per quarter
Strategy in plain words
auto-generated from filingsRichard Bernstein Advisors LLC is a wealth-management firm allocating client money, running a $3.45B US long book across 227 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES CORE MSCI DEV MKTS, ISHARES MSCI USA QUALITY FAC, ISHARES 7-10 YEAR TREASURY B, ISHARES AAA CLO ACT ETF-USDI, ISHARES MSCI EMR MRK EX CHNA.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.6%
Q2 2024
+7.0%
Q3 2024
-1.9%
Q4 2024
-0.6%
Q1 2025
+7.8%
Q2 2025
+5.3%
Q3 2025
+3.0%
Q4 2025
+0.4%
Q1 2026
+8.8%
Sector allocation
Technology 32%
Industrials 24%
Financials 12%
Consumer discretionary 7%
Healthcare 7%
Utilities 6%
Consumer staples 3%
Services media 3%
Long book by quarter
What does Richard Bernstein own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 171.7K | $29.9M | 0.9% | -1.8% |
| AAPL APPLE INC | Technology | 102.4K | $26.0M | 0.8% | -3.7% |
| MSFT MICROSOFT CORP | Technology | 50.5K | $18.7M | 0.5% | +4.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 66.7K | $13.9M | 0.4% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 40.7K | $11.7M | 0.3% | -3.4% |
| GOOG ALPHABET INC-CL C | Technology | 33.7K | $9.7M | 0.3% | -7.4% |
| AVGO BROADCOM INC | Technology | 31.2K | $9.6M | 0.3% | -3.4% |
| META META PLATFORMS INC-CLASS A | Technology | 14.9K | $8.5M | 0.2% | -4.7% |
| TSLA TESLA INC | Industrials | 18.8K | $7.0M | 0.2% | -6.0% |
| JPM JPMORGAN CHASE & CO | Financials | 17.9K | $5.3M | 0.2% | -11.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 21.0K | $5.1M | 0.1% | Held |
| LLY ELI LILLY & CO | Healthcare | 5.3K | $4.9M | 0.1% | -11.1% |
| AGX ARGAN INC | Industrials | 8.4K | $4.6M | 0.1% | New |
| MTZ MASTEC INC | Industrials | 13.5K | $4.3M | 0.1% | New |
| FIX COMFORT SYSTEMS USA INC | Industrials | 2.8K | $3.9M | 0.1% | New |
| KO COCA-COLA CO/THE | Consumer staples | 49.5K | $3.8M | 0.1% | Held |
| STRL STERLING INFRASTRUCTURE INC | Industrials | 9.1K | $3.7M | 0.1% | New |
| XOM EXXON MOBIL CORP | Energy | 21.4K | $3.6M | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 16.2K | $3.4M | 0.1% | Held |
| EME EMCOR GROUP INC | Industrials | 4.5K | $3.3M | 0.1% | New |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.8K | $3.2M | 0.1% | -18.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 19.3K | $3.2M | 0.1% | Held |
| PRIM PRIMORIS SERVICES CORP | Industrials | 21.8K | $3.1M | 0.1% | New |
| TRGP TARGA RESOURCES CORP | Utilities | 11.9K | $3.0M | 0.1% | Held |
| SAIA SAIA INC | Industrials | 8.5K | $3.0M | 0.1% | New |
| BWXT BWX TECHNOLOGIES INC | Industrials | 14.4K | $3.0M | 0.1% | New |
| SPXC SPX TECHNOLOGIES INC | Industrials | 14.7K | $2.9M | 0.1% | New |
| HII HUNTINGTON INGALLS INDUSTRIE | Industrials | 7.6K | $2.9M | 0.1% | New |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 17.3K | $2.9M | 0.1% | New |
| DY DYCOM INDUSTRIES INC | Industrials | 8.4K | $2.9M | 0.1% | New |
| MU MICRON TECHNOLOGY INC | Technology | 8.4K | $2.8M | 0.1% | -12.2% |
| PEP PEPSICO INC | Consumer staples | 18.3K | $2.8M | 0.1% | Held |
| WDC WESTERN DIGITAL CORP | Technology | 10.5K | $2.8M | 0.1% | -32.5% |
| SPGI S&P GLOBAL INC | Services media | 6.6K | $2.8M | 0.1% | Held |
| WMT WALMART INC | Consumer discretionary | 22.2K | $2.8M | 0.1% | -50.7% |
| BAC BANK OF AMERICA CORP | Financials | 56.4K | $2.7M | 0.1% | Held |
| COR CENCORA INC | Consumer discretionary | 8.5K | $2.7M | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 12.1K | $2.6M | 0.1% | Held |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 53.4K | $2.6M | 0.1% | New |
| OC OWENS CORNING | Industrials | 24.1K | $2.6M | 0.1% | New |
| L LOEWS CORP | Financials | 24.3K | $2.6M | 0.1% | New |
| AM ANTERO MIDSTREAM CORP | Utilities | 113.7K | $2.6M | 0.1% | Held |
| AMD ADVANCED MICRO DEVICES | Technology | 12.7K | $2.6M | 0.1% | Held |
| EXC EXELON CORP | Utilities | 51.1K | $2.5M | 0.1% | Held |
| KMI KINDER MORGAN INC | Utilities | 73.2K | $2.5M | 0.1% | New |
| ETR ENTERGY CORP | Utilities | 21.3K | $2.4M | 0.1% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 27.6K | $2.4M | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 29.2K | $2.3M | 0.1% | New |
| ABT ABBOTT LABORATORIES | Healthcare | 22.6K | $2.3M | 0.1% | Held |
| CLH CLEAN HARBORS INC | Utilities | 8.1K | $2.3M | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 227 | $3.45B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 3, 2026 | 174 | $3.40B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 204 | $3.51B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 212 | $4.05B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 223 | $4.13B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 219 | $4.41B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 225 | $4.66B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 209 | $4.51B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 213 | $4.66B | canonical | SEC ↗ |