Richmond Brothers, Inc.

CIK 0001540462 · Q1 2026

13F Equity AUM

$150.2M

-4.5% QoQ

Positions

0 QoQ

AUM Rank

#8,532

Top 69%

Skill Alpha (FF)

+2.2%/yr^ns

No Clear Edge

Rank #1,109 · Top 14%

vs S&P -1.2%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 48.6%Top 10: 70.0%Top 20: 94.0%

NDQ29.0%

VDE5.7%

VPU4.7%

VAW4.7%

VIS4.6%

VDC4.4%

VOX4.4%

VHT4.3%

VGT4.2%

VFH4.1%

Others (26)30.0%

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

Sector Allocation

Financial Services94.9%

Technology2.5%

Healthcare2.0%

Other0.6%

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

Position Sizing

Positions: 36Median: 1.52%Avg: 2.78%

0–0.5%

10(1.5%)

0.5–1%

6(4.5%)

1–3%

8(15.9%)

3–5%

10(43.5%)

5%+

2(34.6%)

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

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Portfolio Overlap

Shared: 34Unique: 2vs 20 funds

0.5%Low

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)

MORGAN STANLEY

0.6%

BANK OF AMERICA CORP /DE/

0.6%

0.6%

0.8%

0.4%

0.3%

VANGUARD CAPITAL MANAGEMENT LLC

0.3%

GEODE CAPITAL MANAGEMENT, LLC

0.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.3%

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

New0Increased11Decreased21Exited0

Increased

AXD20.8%

+865K(+151%)

CNTB0.8%

+303K(+175%)

VNQ4.1%

+34K(+94%)

ALVOW0.1%

+31K(+221%)

MDXG0.3%

+26K(+28%)

GOF1.9%

+18K(+7%)

TQQQ0.6%

+1K(+6%)

AMZN0.1%

+63(+6%)

BRK/B1.9%

+60(+1%)

GOOGL0.3%

+4(+0%)

Decreased

VTIP1.3%

-18,678(-32%)

BLV2.9%

-15,619(-20%)

BIV2.9%

-14,665(-20%)

EDV1.3%

-12,229(-29%)

SSO0.9%

-10,961(-31%)

QLD0.8%

-9,007(-31%)

OPTT0.0%

-6,512(-35%)

VDE5.7%

-2,702(-5%)

NVG0.1%

-2,229(-15%)

BSV1.7%

-2,194(-6%)

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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