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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
Cap. Flow
+$107M
Cap. Flow %
65.7%
Top 10 Hldgs %
63.96%
Holding
38
New
16
Increased
4
Reduced
12
Closed
5

Top Buys

Rank Stock Value
1
QQQ icon
Invesco QQQ Trust
QQQ
+$18.1M
2
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$10.1M
3
VFH icon
Vanguard Financials ETF
VFH
+$6.76M
4
VPU
Vanguard Utilities ETF
VPU
+$6.75M
5
VOX icon
Vanguard Communication Services ETF
VOX
+$6.72M

Top Sells

Rank Stock Value
1
MDXG icon
MiMedx Group
MDXG
+$892K
2
AAPL icon
Apple
AAPL
+$835K
3
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$632K
4
AMZN icon
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
QQQ icon
1
Invesco QQQ Trust
QQQ
$453B
$37.5M 23.14%
76,907
+38,204
+99% +$18.1M
BIL icon
2
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
$10.1M 6.22%
+109,923
New +$10.1M
VPU
3
Vanguard Utilities ETF
VPU
$8.46B
$7.3M 4.5%
+41,965
New +$6.75M
VOX icon
4
Vanguard Communication Services ETF
VOX
$5.59B
$7.07M 4.36%
+48,644
New +$6.72M
VIS icon
5
Vanguard Industrials ETF
VIS
$8.1B
$7.05M 4.35%
+27,106
New +$6.64M
VFH icon
6
Vanguard Financials ETF
VFH
$13.5B
$7.01M 4.32%
+63,741
New +$6.76M
VNQ icon
7
Vanguard Real Estate ETF
VNQ
$39.2B
$6.97M 4.3%
+71,555
New +$6.59M
VCR icon
8
Vanguard Consumer Discretionary ETF
VCR
$6.15B
$6.96M 4.29%
+20,431
New +$6.52M
VAW icon
9
Vanguard Materials ETF
VAW
$2.95B
$6.92M 4.26%
+32,709
New +$6.54M
VGT icon
10
Vanguard Information Technology ETF
VGT
$139B
$6.84M 4.22%
+93,320
New +$6.63M
VHT icon
11
Vanguard Health Care ETF
VHT
$18.1B
$6.65M 4.1%
+23,580
New +$6.55M
VDC icon
12
Vanguard Consumer Staples ETF
VDC
$7.97B
$6.49M 4%
+29,694
New +$6.3M
AAPL icon
13
Apple
AAPL
$4.54T
$5.6M 3.45%
24,018
-3,740
-13% -$835K
BRK.B icon
14
Berkshire Hathaway Class B
BRK.B
$1.1T
$5.21M 3.21%
11,312
-1,430
-11% -$632K
MDXG icon
15
MiMedx Group
MDXG
$602M
$4.63M 2.85%
782,735
-134,608
-15% -$892K
GOF icon
16
Guggenheim Strategic Opportunities Fund
GOF
$2.23B
$4.49M 2.77%
284,710
-12,114
-4% -$186K
VTIP icon
17
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.1B
$3.49M 2.15%
+70,761
New +$3.45M
BIV icon
18
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$3.44M 2.12%
+43,913
New +$3.39M
EDV icon
19
Vanguard World Funds Extended Duration ETF
EDV
$3.22B
$3.33M 2.05%
+41,820
New +$3.25M
BLV icon
20
Vanguard Long-Term Bond ETF
BLV
$5.71B
$3.19M 1.97%
+42,472
New +$3.12M
VDE icon
21
Vanguard Energy ETF
VDE
$10.1B
$3.13M 1.93%
+25,572
New +$3.2M
MSFT icon
22
Microsoft
MSFT
$3.45T
$1.78M 1.1%
4,147
-397
-9% -$170K
DRRX
23
DELISTED
DURECT Corp
DRRX
$1.53M 0.94%
1,142,256
+70,242
+7% +$99.9K
HRTX icon
24
Heron Therapeutics
HRTX
$93.9M
$1.02M 0.63%
510,782
+154,224
+43% +$368K
RMTI icon
25
Rockwell Medical
RMTI
$28.4M
$992K 0.61%
24,987
-2,696
-10% -$72.6K
1
2

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RPA
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GA
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MPW
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JIM
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PAYA
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FC
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PCMNC
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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.