Richmond Brothers Portfolio holdings

AUM $158M

This Quarter Return

+0.33%

1 Year Return

+13.74%

3 Year Return

+58.45%

5 Year Return

–

10 Year Return

–

AUM

$158M

AUM Growth

+$2.22M (+1%)

Cap. Flow

+$6.57M

Cap. Flow % of AUM

4.15%

Top 10 Holdings %Top 10 Hldgs %

72.11%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Vanguard Short-Term Bond ETF BSV	$22.3M
2	Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP	$8.48M
3	Vanguard Intermediate-Term Bond ETF BIV	$8.36M
4	Vanguard Real Estate ETF VNQ	$390K
5	Vanguard Consumer Staples ETF VDC	$361K

Top Sells

1	Invesco QQQ Trust QQQ	$25.6M
2	Vanguard Consumer Discretionary ETF VCR	$3.29M
3	Vanguard Information Technology ETF VGT	$3.23M
4	SPDR Bloomberg 1-3 Month T-Bill ETF BIL	$608K
5	Berkshire Hathaway Class B BRK.B	$546K

Sector Composition

1	Technology	2.8%
2	Financials	2.57%
3	Healthcare	2.23%
4	Communication Services	0.18%
5	Utilities	0%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard Short-Term Bond ETF BSV $38.3B	$27.7M	17.54%	354,479 +284,304	+405%	+$22.3M
2	2 Vanguard Intermediate-Term Bond ETF BIV $23.2B	$13.8M	8.7%	179,727 +109,201	+155%	+$8.36M
3	3 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP $15.3B	$13.3M	8.4%	266,434 +169,881	+176%	+$8.48M
4	4 Invesco QQQ Trust QQQ $359B	$10.2M	6.47%	21,813 -54,499	-71%	-$25.6M
5	5 SPDR Bloomberg 1-3 Month T-Bill ETF BIL $41.9B	$9.37M	5.93%	102,193 -6,624	-6%	-$608K
6	6 Vanguard Financials ETF VFH $12.8B	$8.19M	5.18%	68,534 +1,503	+2%	+$180K
7	7 Vanguard Utilities ETF VPU $7.28B	$8.16M	5.16%	47,775 +1,641	+4%	+$280K
8	8 Vanguard Communication Services ETF VOX $5.38B	$7.83M	4.95%	52,795 +807	+2%	+$120K
9	9 Vanguard Consumer Staples ETF VDC $7.64B	$7.79M	4.92%	35,579 +1,651	+5%	+$361K
10	10 Vanguard Real Estate ETF VNQ $34.4B	$7.7M	4.87%	85,063 +4,313	+5%	+$390K
11	11 Vanguard Industrials ETF VIS $6.16B	$7.64M	4.83%	30,853 +1,323	+4%	+$328K
12	12 Berkshire Hathaway Class B BRK.B $1.04T	$4.07M	2.57%	7,647 -1,026	-12%	-$546K
13	13 Vanguard Energy ETF VDE $7.18B	$4M	2.53%	30,806 +1,574	+5%	+$204K
14	14 Vanguard Health Care ETF VHT $15.5B	$3.78M	2.39%	14,297 +785	+6%	+$208K
15	15 Vanguard Materials ETF VAW $2.8B	$3.72M	2.35%	19,722 +1,207	+7%	+$228K
16	16 Vanguard Consumer Discretionary ETF VCR $6.26B	$3.67M	2.32%	11,289 -10,101	-47%	-$3.29M
17	17 Guggenheim Strategic Opportunities Fund GOF $2.44B	$3.58M	2.27%	230,200 -8,138	-3%	-$127K
18	18 Vanguard Information Technology ETF VGT $97.8B	$3.56M	2.25%	6,559 -5,957	-48%	-$3.23M
19	19 Apple AAPL $3.19T	$3.28M	2.07%	14,749 -1,865	-11%	-$414K
20	20 Heron Therapeutics HRTX $291M	$1.2M	0.76%	544,901 -97,438	-15%	-$214K
21	21 Microsoft MSFT $3.82T	$1.16M	0.73%	3,086 -74	-2%	-$27.8K
22	22 MiMedx Group MDXG $1,000M	$1.08M	0.68%	142,437 -48,077	-25%	-$365K
23	23 DURECT Corp DRRX $17.6M	$1.08M	0.68%	1,346,406 +65,230	+5%	+$52.3K
24	24 ProShares UltraPro QQQ TQQQ $28.6B	$536K	0.34%	9,362 +545	+6%	+$31.2K
25	25 Nuveen AMT-Free Municipal Credit Income Fund NVG $2.48B	$478K	0.3%	38,589	–	–