RETIREMENT INCOME SOLUTIONS, INC

RIA/Wealth

RETIREMENT INCOME SOLUTIONS, INC is a RIA/Wealth based in Ann Arbor, MI led by Karen Ann Chapell, reporting $2.7B in AUM as of Q3 2025 with 91% ETF concentration, 69% concentrated in top 10 holdings, 22% allocation to SPLG, and minimal technology exposure.

Managing PartnerKaren Ann Chapell

Portfolio Value: $584.2M
Positions: 164
Top Holding: SPLG at 22.24%
Last Reported: Q3 2025

Address2301 Platt Road, Suite 300, Ann Arbor, MI, 48104, United States

Top Holdings

Largest long holdings in RETIREMENT INCOME SOLUTIONS, INC's portfolio (68.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio S&P 500 ETF SPLG	ETF ETF	$129.9M	22.24%	+$2.8M Bought	— 1.7M shares	Q4 2019 Held for 5y 11m
2 JPMorgan Ultra-Short Income JPST	ETF ETF	$47.7M	8.17%	+$640.5K Bought	— 940.3K shares	Q2 2025 Held for 5 months
3 SPDR S&P 500 ETF Trust SPY	ETF ETF	$47.6M	8.15%	-$278.5K Sold	— 71.5K shares	Q4 2017 Held for 7y 11m
4 PIMCO Enhanced Short Maturity Active Exchange-Traded Fund MINT	ETF ETF	$41.9M	7.17%	+$261.9K Bought	— 415.9K shares	Q2 2025 Held for 5 months
5 iShares Core S&P 500 ETF IVV	ETF ETF	$41.3M	7.07%	-$1.8M Sold	— 61.7K shares	Q4 2017 Held for 7y 11m
6 SPDR Portfolio S&P 400 Mid Cap ETF SPMD	ETF ETF	$35.3M	6.05%	+$810.3K Bought	— 618.1K shares	Q4 2019 Held for 5y 11m
7 iShares Russell 1000 Growth IWF	ETF ETF	$20.6M	3.53%	-$120.4K Sold	— 44.0K shares	Q4 2017 Held for 7y 11m
8 iShares Core S&P Mid-Cap ETF IJH	ETF ETF	$16.5M	2.83%	-$322.3K Sold	— 253.3K shares	Q4 2017 Held for 7y 11m
9 GLDM SPDR Gold MiniShares Trust GLDM	Unknown Unknown	$10.2M	1.75%	-$124.5K Sold	— 133.6K shares	Q4 2022 Held for 2y 11m
10 SPYX SPDR S&P 500 Fossil Fuel Free ETF SPYX	ETF ETF	$9.5M	1.62%	-$279.5K Sold	— 173.0K shares	Q4 2019 Held for 5y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in RETIREMENT INCOME SOLUTIONS, INC's latest filing

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Market Value

$584.2M

Prior: $544.4M

Q/Q Change

+7.31%

+$39.8M

Net Flows % of MV

+0.62%

Turnover Ratio

1.39%

New Purchases

7 stocks

$2.3M

Added To

43 stocks

+$7.0M

Sold Out Of

5 stocks

$1.1M

Reduced Holdings

34 stocks

-$4.6M

Increased Positions

Position	Shares Δ	Change
1 DFAE Dimensional Emerging Core Equity Market DFAE	New	0 → 18.6K +$587.4K
2 ZAUG Innovator Equity Defined Protection ETF ZAUG	New	0 → 18.8K +$498.0K
3 Valley National Bank VLY	New	0 → 37.1K +$393.2K
4 Meta Platforms, Inc. META	New	0 → 340.0 +$249.7K
5 JPMorgan Equity Premium Income JEPI	New	0 → 3.7K +$211.6K

Decreased Positions

Position	Shares Δ	Change
1 PepsiCo PEP	Sold	1.7K → 0 −$224.4K
2 Colgate-Palmolive CL	Sold	2.4K → 0 −$220.9K
3 Axon Enterprise, Inc. AXON	Sold	255.0 → 0 −$211.1K
4 Deere & Company DE	Sold	400.0 → 0 −$203.4K
5 Global X U.S. Infrastructure Development PAVE	Sold	4.6K → 0 −$200.7K