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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
+5.93%
1 Year Est. Return
+14.02%
3 Year Est. Return
+102.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$162M
AUM Growth
+$112M
(+221%)
Cap. Flow
+$107M
Cap. Flow
% of AUM
65.7%
Top 10 Holdings %
Top 10 Hldgs %
63.96%
Holding
38
New
16
Increased
4
Reduced
12
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$18.1M |
| 2 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$10.1M |
| 3 |
Vanguard Financials ETF
VFH
|
+$6.76M |
| 4 |
VPU
Vanguard Utilities ETF
VPU
|
+$6.75M |
| 5 |
Vanguard Communication Services ETF
VOX
|
+$6.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MiMedx Group
MDXG
|
+$892K |
| 2 |
Apple
AAPL
|
+$835K |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$632K |
| 4 |
Amazon
AMZN
|
+$541K |
| 5 |
AXNX
Axonics, Inc. Common Stock
AXNX
|
+$319K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 5.26% |
| 2 | Technology | 4.55% |
| 3 | Financials | 3.21% |
| 4 | Communication Services | 0.19% |
| 5 | Consumer Discretionary | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
iShares Biotechnology ETF
IBB
$9.34B
| $929K | 0.57% |
6,379
-911
| -12% | -$132K |
|
27
ProShares UltraPro QQQ
TQQQ
$32.1B
| $627K | 0.39% |
17,308
+2,562
| +17% | +$87.9K |
|
28
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
| $565K | 0.35% |
42,164
-1,860
| -4% | -$23.9K |
|
29
iShares Core S&P 500 ETF
IVV
$878B
| $467K | 0.29% |
809
-93
| -10% | -$51.7K |
|
30
Alphabet (Google) Class C
GOOG
$4.36T
| $313K | 0.19% |
1,871
-113
| -6% | -$19.1K |
|
31
McDonald's
MCD
$192B
| $210K | 0.13% |
689
-259
| -27% | -$71.4K |
|
|
IRD
32
Opus Genetics
IRD
$306M
| $204K | 0.13% |
155,620
-35,684
| -19% | -$54.9K |
|
33
Alvotech
ALVO
$1.39B
| $166K | 0.1% |
13,966
| – | – |
|
|
34
Amazon
AMZN
$2.92T
| – | – |
-2,797
| Closed | -$541K |
|
|
APLT
35
DELISTED
Applied Therapeutics
APLT
| – | – |
-61,827
| Closed | -$289K |
|
36
SoFi Technologies
SOFI
$21B
| – | – |
-10,083
| Closed | -$66.6K |
|
|
AXNX
37
DELISTED
Axonics, Inc. Common Stock
AXNX
| – | – |
-4,749
| Closed | -$319K |
|
|
ONCT
38
DELISTED
Oncternal Therapeutics, Inc. Common Stock
ONCT
| – | – |
-24,696
| Closed | -$188K |
|
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Richmond Brothers's Q3 2024 Portfolio in Review
As of Q3 2024, Richmond Brothers held 38 positions worth $162M, up 221% from $50.6M the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Richmond Brothers deployed $107M of net new capital in Q3 2024, opening 16 new positions and adding to 4 existing holdings. Its largest new stake was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 109,923 shares worth $10.1M.
By sector, the portfolio is most concentrated in Healthcare at 5.3% of assets, down from 21% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was MiMedx Group, an estimated $892K trimmed.
- Richmond Brothers's largest Q3 2024 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 109,923 shares worth $10.1M.
- Richmond Brothers added most to Invesco QQQ Trust in Q3 2024, an estimated $18.1M increase.
- Richmond Brothers's biggest Q3 2024 reduction was MiMedx Group, cutting an estimated $892K.
- Richmond Brothers fully exited Amazon in Q3 2024, selling an estimated $541K.
- Richmond Brothers's ten largest holdings make up 64% of its $162M portfolio in Q3 2024.
- Richmond Brothers opened 16 new positions and closed 5 in Q3 2024.
- Richmond Brothers's portfolio value rose 221% quarter-over-quarter to $162M.
Based on Richmond Brothers's 13F filing for Q3 2024, filed 12 Nov 2024.