RFS

Richardson Financial Services Portfolio holdings

AUM $149M

1-Year Return 14.47%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4

This Quarter Return

+0.04%

1 Year Return

+14.47%

3 Year Return

–

5 Year Return

–

10 Year Return

–

AUM

$142M

AUM Growth

-$15.1M (-9.6%)

Cap. Flow

-$20.4M

Cap. Flow % of AUM

-14.36%

Top 10 Holdings % Top 10 Hldgs %

30.11%

Holding

675

New

Increased

125

Reduced

379

Closed

Top Buys

1	The Communication Services Select Sector SPDR Fund XLC	$946K
2	Financial Select Sector SPDR Fund XLF	$937K
3	Consumer Discretionary Select Sector SPDR Fund XLY	$935K
4	Cintas CTAS	$604K
5	CERY SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF CERY	$439K

Top Sells

1	Vanguard FTSE Developed Markets ETF VEA	$2.18M
2	Vanguard Growth ETF VUG	$2.14M
3	Vanguard S&P 500 ETF VOO	$2.08M
4	Vanguard Value ETF VTV	$1.51M
5	SPDR Portfolio Developed World ex-US ETF SPDW	$1.47M

Sector Composition

1	Technology	13.17%
2	Financials	6.55%
3	Consumer Discretionary	4.89%
4	Healthcare	3.62%
5	Communication Services	3.6%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
376	376 Invesco Taxable Municipal Bond ETF BAB $908M	$10.1K	0.01%	386 -219	-36%	-$5.73K
377	377 CarGurus CARG $3.59B	$9.55K	0.01%	+258	New	+$9.55K
378	XIFR 378 XPLR Infrastructure, LP XIFR $966M	$9.32K	0.01%	530 -260	-33%	-$4.57K
379	379 Ralph Lauren RL $19.4B	$9.29K	0.01%	+40	New	+$9.29K
380	380 Oracle ORCL $626B	$9.18K	0.01%	+55	New	+$9.18K
381	381 Catalyst Pharmaceutical CPRX $2.42B	$9.14K	0.01%	+434	New	+$9.14K
382	382 Eagle Materials EXP $7.55B	$9.12K	0.01%	37 -22	-37%	-$5.42K
383	383 Amphastar Pharmaceuticals AMPH $1.36B	$9.06K	0.01%	246 +3	+1%	+$111
384	384 Deckers Outdoor DECK $18.4B	$8.85K	0.01%	+43	New	+$8.85K
385	385 SM Energy SM $3.24B	$8.77K	0.01%	228 -182	-44%	-$7K
386	386 NNN REIT NNN $8B	$8.68K	0.01%	215 -2,130	-91%	-$86K
387	387 Dorman Products DORM $4.96B	$8.66K	0.01%	+66	New	+$8.66K
388	388 Qualys QLYS $4.85B	$8.66K	0.01%	+62	New	+$8.66K
389	389 Stock Yards Bancorp SYBT $2.38B	$8.65K	0.01%	+120	New	+$8.65K
390	390 Perella Weinberg Partners PWP $1.42B	$8.59K	0.01%	+363	New	+$8.59K
391	391 Crane Co CR $10.7B	$8.52K	0.01%	56 -35	-38%	-$5.33K
392	392 PayPal PYPL $65.4B	$8.46K	0.01%	+99	New	+$8.46K
393	393 Verint Systems VRNT $1.23B	$8.46K	0.01%	308 -144	-32%	-$3.95K
394	394 RingCentral RNG $2.76B	$8.44K	0.01%	+238	New	+$8.44K
395	395 Premier PINC $2.17B	$8.42K	0.01%	+397	New	+$8.42K
396	396 Verisk Analytics VRSK $37.7B	$8.27K	0.01%	30	–	–
397	397 Belden BDC $5.13B	$8.19K	0.01%	+73	New	+$8.19K
398	398 Ligand Pharmaceuticals LGND $3.27B	$8.14K	0.01%	+77	New	+$8.14K
399	399 Reynolds Consumer Products REYN $4.96B	$8.11K	0.01%	303 +27	+10%	+$723
400	400 Intel INTC $108B	$8.02K	0.01%	400 -400	-50%	-$8.02K