Richard W. Paul & Associates, LLC
Long book
$297.1M
Q1 2026
Positions
300
Top-10 weight
35%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsRichard W. Paul & Associates, LLC is a wealth-management firm allocating client money, running a $297.1M US long book across 300 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P U.S. VALUE, ISHARES CORE S&P U.S. GROWTH, ISHARES 20+ YEAR TREASURY BD, JPMORGAN INCOME ETF, ISHARES CORE MSCI EAFE ETF.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 3 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
+1.7%
Q2 2024
+6.7%
Q3 2024
-0.2%
Q4 2024
-2.4%
Q1 2025
+8.7%
Q2 2025
+6.6%
Q3 2025
+2.3%
Q4 2025
-2.0%
Q1 2026
+10.4%
Sector allocation
Technology 32%
Healthcare 14%
Consumer discretionary 11%
Financials 10%
Services media 8%
Industrials 7%
Consumer staples 5%
Other 4%
Long book by quarter
What does Richard W. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 18.2K | $4.6M | 1.6% | +0.3% |
| MSFT MICROSOFT CORP | Technology | 9.6K | $3.6M | 1.2% | +3.2% |
| NVDA NVIDIA CORP | Technology | 19.6K | $3.4M | 1.2% | -0.9% |
| GOOG ALPHABET INC-CL C | Technology | 7.4K | $2.1M | 0.7% | -2.1% |
| META META PLATFORMS INC-CLASS A | Technology | 3.3K | $1.9M | 0.6% | -0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 6.3K | $1.8M | 0.6% | +2.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 11.0K | $1.8M | 0.6% | +16.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 35.3K | $1.8M | 0.6% | -1.0% |
| ALGN ALIGN TECHNOLOGY INC | Healthcare | 10.2K | $1.8M | 0.6% | -6.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.4K | $1.7M | 0.6% | -0.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.6K | $1.6M | 0.5% | -0.1% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 1.2K | $1.6M | 0.5% | -8.0% |
| AVGO BROADCOM INC | Technology | 5.1K | $1.6M | 0.5% | +1.8% |
| MU MICRON TECHNOLOGY INC | Technology | 4.6K | $1.6M | 0.5% | -13.1% |
| VRT VERTIV HOLDINGS CO-A | Technology | 6.2K | $1.6M | 0.5% | -10.7% |
| ABBV ABBVIE INC | Healthcare | 7.0K | $1.5M | 0.5% | +1.9% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 15.5K | $1.5M | 0.5% | +1.0% |
| NFLX NETFLIX INC | Services media | 15.7K | $1.5M | 0.5% | +3.8% |
| PYPL PAYPAL HOLDINGS INC | Services media | 32.5K | $1.5M | 0.5% | +15.0% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 8.3K | $1.4M | 0.5% | +9.9% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 3.7K | $1.4M | 0.5% | -7.2% |
| ULTA ULTA BEAUTY INC | Consumer discretionary | 2.7K | $1.4M | 0.5% | -4.2% |
| MRK MERCK & CO. INC. | Healthcare | 11.8K | $1.4M | 0.5% | -3.2% |
| CSCO CISCO SYSTEMS INC | Technology | 17.8K | $1.4M | 0.5% | +41.4% |
| D DOMINION ENERGY INC | Utilities | 21.5K | $1.3M | 0.4% | +3.1% |
| AMD ADVANCED MICRO DEVICES | Technology | 6.4K | $1.3M | 0.4% | +0.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.3K | $1.3M | 0.4% | -3.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 4.8K | $1.3M | 0.4% | +5.7% |
| TGT TARGET CORP | Consumer discretionary | 10.7K | $1.3M | 0.4% | -2.7% |
| T AT&T INC | Communications | 44.1K | $1.3M | 0.4% | +2.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 8.8K | $1.3M | 0.4% | +29.0% |
| GOOGL ALPHABET INC-CL A | Technology | 4.4K | $1.3M | 0.4% | -1.6% |
| MO ALTRIA GROUP INC | Consumer staples | 19.0K | $1.3M | 0.4% | +1.8% |
| NEE NEXTERA ENERGY INC | Utilities | 13.3K | $1.2M | 0.4% | +2.4% |
| NCLH NORWEGIAN CRUISE LINE HOLDIN | Industrials | 64.4K | $1.2M | 0.4% | -3.5% |
| PFE PFIZER INC | Healthcare | 42.1K | $1.2M | 0.4% | +2.3% |
| LLY ELI LILLY & CO | Healthcare | 1.3K | $1.2M | 0.4% | -0.5% |
| DHR DANAHER CORP | Technology | 6.0K | $1.1M | 0.4% | Held |
| ACN ACCENTURE PLC-CL A | Services media | 5.7K | $1.1M | 0.4% | +5.0% |
| LULU LULULEMON ATHLETICA INC | Other | 7.3K | $1.1M | 0.4% | +2.6% |
| WMT WALMART INC | Consumer discretionary | 8.8K | $1.1M | 0.4% | +0.8% |
| FISV FISERV INC | Services media | 19.6K | $1.1M | 0.4% | -0.8% |
| HD HOME DEPOT INC | Consumer discretionary | 3.2K | $1.1M | 0.4% | +4.1% |
| CVS CVS HEALTH CORP | Healthcare | 14.5K | $1.0M | 0.4% | +3.6% |
| MA MASTERCARD INC - A | Services media | 2.1K | $1.0M | 0.3% | 0.0% |
| ZTS ZOETIS INC | Healthcare | 8.6K | $1.0M | 0.3% | +0.1% |
| FSLR FIRST SOLAR INC | Technology | 4.8K | $950K | 0.3% | +3.1% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 14.9K | $902K | 0.3% | -1.6% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 8.1K | $897K | 0.3% | +6.1% |
| QCOM QUALCOMM INC | Technology | 6.5K | $838K | 0.3% | +9.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 300 | $297.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 294 | $301.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 316 | $292.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 337 | $276.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 337 | $255.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 513 | $274.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 506 | $278.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 497 | $259.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 512 | $250.5M | canonical | SEC ↗ |