RICHARDSON FINANCIAL SERVICES INC.

CIK 0002012303 · Q1 2026

13F Equity AUM

$159.8M

-48.4% QoQ

Positions

611

+14 QoQ

AUM Rank

#8,301

Top 67%

Skill Alpha (FF)

-3.4%/yr^ns

No Clear Edge

Rank #6,627 · Top 81%

vs S&P -8.4%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 19.3%Top 10: 29.5%Top 20: 42.4%

AAPL4.4%

SPYM4.3%

VTV4.2%

VUG3.8%

NVDA2.6%

SPDW2.3%

GOOGL2.2%

VOO2.1%

HYG1.9%

VEA1.8%

Others (601)70.5%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services61.2%

Technology13.4%

Consumer Cyclical4.5%

Communication Services4.5%

Healthcare3.7%

Industrials3.0%

Utilities2.8%

Consumer Defensive2.5%

Other4.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 611Median: 0.03%Avg: 0.16%

0–0.5%

564(40.7%)

0.5–1%

28(17.9%)

1–3%

15(24.9%)

3–5%

4(16.6%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 539Unique: 72vs 20 funds

7.3%Low

611

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BANK OF AMERICA CORP /DE/

11.1%

10%

10.7%

11.5%

15.5%

11.5%

VANGUARD CAPITAL MANAGEMENT LLC

10.3%

GEODE CAPITAL MANAGEMENT, LLC

9.9%

VANGUARD PORTFOLIO MANAGEMENT LLC

11.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New68Increased214Decreased208Exited53

New Positions

XLI0.3%

+3K

PLTR0.1%

+990

BIL0.1%

+1K

AZN0.1%

+610

FCX0.1%

+1K

TAXX0.0%

+1K

DGX0.0%

+286

MCHP0.0%

+944

NTRS0.0%

+419

EBA0.0%

+676

Increased

SPAB0.4%

+10K(+57%)

SPLB0.2%

+8K(+194%)

CERY0.6%

+6K(+29%)

XLV0.6%

+6K(+2088%)

FLCH0.3%

+3K(+15%)

HAL0.1%

+2K(+538%)

TOTL0.2%

+2K(+26%)

JNK0.5%

+2K(+27%)

BCS0.0%

+1K(+156%)

NVDA2.6%

+1K(+5%)

Decreased

SPYM4.3%

-12,099(-12%)

SPDW2.3%

-10,969(-12%)

SPTL0.6%

-8,438(-20%)

TFI0.1%

-6,933(-74%)

VTEB0.4%

-6,328(-32%)

SPSM0.8%

-5,467(-18%)

SPEM1.7%

-3,606(-6%)

XLK0.3%

-2,964(-49%)

NEE0.3%

-2,506(-29%)

SHM0.0%

-2,489(-77%)

Exited

-11,187

-1,278

-517

-730

-377

-140

-1,135

-374

-280

-819

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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