Richmond Brothers, Inc.
Long book
$150.2M
Q1 2026
Positions
36
Top-10 weight
70%
concentration
Last quarter
+12.3%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsRichmond Brothers, Inc. is a wealth-management firm allocating client money, running a $150.2M US long book across 36 positions.
The portfolio is concentrated: the top 10 names carry 70% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: INVESCO QQQ TRUST SERIES 1, VANGUARD ENERGY ETF, VANGUARD UTILITIES ETF, VANGUARD MATERIALS ETF, VANGUARD INDUSTRIALS ETF.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 2 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
+4.3%
Q2 2024
+2.6%
Q3 2024
+2.0%
Q4 2024
-2.5%
Q1 2025
+4.1%
Q2 2025
+6.0%
Q3 2025
+1.3%
Q4 2025
-2.1%
Q1 2026
+12.3%
Sector allocation
Technology 42%
Healthcare 29%
Financials 27%
Consumer discretionary 2%
Utilities 0%
Long book by quarter
What does Richmond Brothers, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 11.6K | $2.9M | 2.0% | -8.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.9K | $2.8M | 1.9% | +1.0% |
| CNTB CONNECT BIOPHARMA HOLDINGS L | Healthcare | 476.6K | $1.2M | 0.8% | +174.7% |
| HRTX HERON THERAPEUTICS INC | Healthcare | 1.4M | $1.1M | 0.8% | +151.1% |
| MSFT MICROSOFT CORP | Technology | 2.3K | $840K | 0.6% | +0.1% |
| MDXG MIMEDX GROUP INC | Healthcare | 117.8K | $465K | 0.3% | +27.8% |
| GOOGL ALPHABET INC-CL A | Technology | 1.3K | $383K | 0.3% | +0.3% |
| GOOG ALPHABET INC-CL C | Technology | 891 | $256K | 0.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.1K | $220K | 0.1% | +6.4% |
| ALVO ALVOTECH SA | Healthcare | 44.8K | $154K | 0.1% | +221.0% |
| RMTI ROCKWELL MEDICAL INC | Healthcare | 30.6K | $27K | 0.0% | Held |
| OPTT OCEAN POWER TECHNOLOGIES INC | Utilities | 11.8K | $4K | 0.0% | -35.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 69 | $150.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 57 | $157.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 54 | $158.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 49 | $152.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 47 | $158.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 51 | $156.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 53 | $162.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 22 | $50.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 24 | $54.0M | canonical | SEC ↗ |