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Richmond Brothers Portfolio holdings

AUM $150M
1-Year Est. Return 14.02%
This Fund
S&P 500
This Quarter Est. Return
+5.5%
1 Year Est. Return
+14.02%
3 Year Est. Return
+102.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$50.6M
AUM Growth
-$3.39M
Cap. Flow
-$5.44M
Cap. Flow %
-10.75%
Top 10 Hldgs %
92.1%
Holding
26
New
2
Increased
3
Reduced
11
Closed
4

Top Buys

Rank Stock Value
1
DRRX
DURECT Corp
DRRX
+$357K
2
ALVO icon
Alvotech
ALVO
+$187K
3
HRTX icon
Heron Therapeutics
HRTX
+$184K
4
TQQQ icon
ProShares UltraPro QQQ
TQQQ
+$110K
5
SOFI icon
SoFi Technologies
SOFI
+$71.1K

Top Sells

Rank Stock Value
1
ARKK icon
ARK Innovation ETF
ARKK
+$1.58M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$1.47M
3
MDXG icon
MiMedx Group
MDXG
+$1.26M
4
AAPL icon
Apple
AAPL
+$444K
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$389K

Sector Composition

Rank Sector Weight
1 Healthcare 21.23%
2 Technology 15.58%
3 Financials 10.38%
4 Consumer Discretionary 1.55%
5 Communication Services 0.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VZ icon
26
Verizon
VZ
$195B
– –
-4,947
Closed -$208K
1
2

Similar funds

CRIG
Charter Research & Investment Group Southport, Connecticut $150M AUM 28.05% 1-Year Est. Return
RPA
Redwood Park Advisors Redwood City, California $150M AUM 11.34% 1-Year Est. Return
GA
Gordian Advisors Tucson, Arizona $150M AUM 15.35% 1-Year Est. Return
MPW
Magnolia Private Wealth Philadelphia, Pennsylvania $150M AUM 18.29% 1-Year Est. Return
JIM
JCP Investment Management Houston, Texas $150M AUM 19.22% 1-Year Est. Return
PAYA
Phil A. Younker & Associates Fairbanks, Alaska $150M AUM 9.85% 1-Year Est. Return
FC
FACT Capital New York $150M AUM 53.4% 1-Year Est. Return
PCMNC
Piedmont Capital Management (North Carolina) Greensboro, North Carolina $150M AUM

Richmond Brothers's Q2 2024 Portfolio in Review

As of Q2 2024, Richmond Brothers held 26 positions worth $50.6M, down 6.3% from $54M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Richmond Brothers withdrew a net $5.44M in Q2 2024, closing 4 positions and reducing 11 holdings. Its most notable exit was ARK Innovation ETF, an estimated $1.58M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 23% a quarter earlier, followed by Technology and Financials.

Against the trend, Richmond Brothers opened a new position in Alvotech worth $170K.

  • Richmond Brothers's largest Q2 2024 buy was Alvotech: 13,966 shares worth $170K.
  • Richmond Brothers added most to DURECT Corp in Q2 2024, an estimated $357K increase.
  • Richmond Brothers's biggest Q2 2024 reduction was Invesco QQQ Trust, cutting an estimated $1.47M.
  • Richmond Brothers fully exited ARK Innovation ETF in Q2 2024, selling an estimated $1.58M.
  • Richmond Brothers's ten largest holdings make up 92% of its $50.6M portfolio in Q2 2024.
  • Richmond Brothers opened 2 new positions and closed 4 in Q2 2024.
  • Richmond Brothers's portfolio value fell 6.3% quarter-over-quarter to $50.6M.

Based on Richmond Brothers's 13F filing for Q2 2024, filed 12 Aug 2024.