RICHARDSON FINANCIAL SERVICES INC.

RIA/Wealth

RICHARDSON FINANCIAL SERVICES INC. is a RIA/Wealth based in Medway, MA led by Steven Michael Richardson, reporting $212.9M in AUM as of Q3 2025 with 55% ETF concentration.

PresidentSteven Michael Richardson

Portfolio Value: $158.9M
Positions: 478
Top Holding: SPLG at 5.15%
Last Reported: Q3 2025

Address165 Village St, Medway, MA, 02053, United States

Top Holdings

Largest long holdings in RICHARDSON FINANCIAL SERVICES INC.'s portfolio (30.9% 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	$8.2M	5.15%	+$892.4K Bought	— 104.5K shares	Q4 2023 Held for 1y 11m
2 Apple AAPL	Consumer Electronics Technology	$7.0M	4.39%	+$352.9K Bought	0.00% 27.4K shares	Q4 2023 Held for 1y 11m
3 Vanguard Growth VUG	ETF ETF	$6.8M	4.30%	-$112.2K Sold	— 14.2K shares	Q4 2023 Held for 1y 11m
4 Vanguard Value VTV	ETF ETF	$6.5M	4.07%	-$43.6K Sold	— 34.6K shares	Q4 2023 Held for 1y 11m
5 Nvidia NVDA	Semiconductors Technology	$4.6M	2.88%	+$77.4K Bought	0.00% 24.5K shares	Q4 2023 Held for 1y 11m
6 SPDR Portfolio Developed World ex-US ETF SPDW	ETF ETF	$3.4M	2.13%	+$547.8K Bought	— 79.2K shares	Q4 2023 Held for 1y 11m
7 Microsoft MSFT	Software - Infrastructure Technology	$3.4M	2.11%	+$162.1K Bought	0.00% 6.5K shares	Q4 2023 Held for 1y 11m
8 Vanguard S&P 500 ETF VOO	ETF ETF	$3.3M	2.09%	+$4.3K Bought	— 5.4K shares	Q4 2023 Held for 1y 11m
9 SPDR Portfolio Emerging Markets SPEM	ETF ETF	$3.0M	1.90%	+$202.4K Bought	— 64.5K shares	Q4 2023 Held for 1y 11m
10 iShares iBoxx High Yield Corporate Bond HYG	ETF ETF	$3.0M	1.89%	+$619.9K Bought	— 37.0K shares	Q4 2023 Held for 1y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in RICHARDSON FINANCIAL SERVICES INC.'s latest filing

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Market Value

$158.9M

Prior: $146.6M

Q/Q Change

+8.36%

+$12.3M

Net Flows % of MV

+1.81%

Turnover Ratio

5.72%

New Purchases

32 stocks

$586.7K

Added To

244 stocks

+$10.2M

Sold Out Of

90 stocks

$1.4M

Reduced Holdings

128 stocks

-$6.5M

Increased Positions

Position	Shares Δ	Change
1 JPMorgan International Growth JIG	New	0 → 1.4K +$108.1K
2 JIVE JPMorgan International Value JIVE	New	0 → 1.4K +$107.9K
3 SPDR Portfolio S&P 1500 Composite Stock Market ETF SPTM	New	0 → 822.0 +$66.3K
4 Royalty Pharma RPRX	New	0 → 1.5K +$53.8K
5 Hershey HSY	New	0 → 249.0 +$46.6K

Decreased Positions

Position	Shares Δ	Change
1 Quanta Services PWR	Sold	2.2K → 0 −$815.3K
2 GLDM SPDR Gold MiniShares Trust GLDM	Sold	3.2K → 0 −$213.2K
3 Raytheon Technologies RTX	Sold	356.0 → 0 −$51.3K
4 GlaxoSmithKline GSK	Sold	957.0 → 0 −$37.3K
5 Fortive FTV	Sold	692.0 → 0 −$36.8K

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Analytics

Portfolio insights and performance metrics for RICHARDSON FINANCIAL SERVICES INC.

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Sector Allocation

ETF

55.30%

Technology

14.30%

Financial Services

6.50%

Consumer Cyclical

4.80%

Communication Services

4.10%

Industrials

3.60%

Healthcare

3.00%

Utilities

2.60%

Consumer Defensive

2.40%

Energy

1.50%

Basic Materials

0.50%

Real Estate

0.30%

Market Cap Distribution

Mega Cap (> $200B)

25.84%

Large Cap ($10B - $200B)

16.22%

Mid Cap ($2B - $10B)

1.11%

Small Cap ($300M - $2B)

0.10%

Nano Cap (< $50M)

0.04%

N/A (ETF or Unknown)

56.68%

Portfolio Concentration

Top 10 Holdings %

30.91%

Top 20 Holdings %

44.22%

Top 50 Holdings %

64.28%

Top 100 Holdings %

81.18%