RICHARDSON FINANCIAL SERVICES INC. Q2 2025 Filing

Filed July 25, 2025

Portfolio Value

$148.9B

Holdings

610

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (610 positions)

#	Stock	Shares	Value	% Portfolio
1	SPYMSPDR S&P 500 ETF	93,124	$6.8B	4.54%
2	AAPLAPPLE INC	25,956	$5.4B	3.62%
3	VTVVANGUARD VALUE ETF	26,213	$4.7B	3.14%
4	VUGVANGUARD GROWTH ETF	9,777	$4.2B	2.85%
5	NVDANVIDIA CORP	23,730	$3.6B	2.44%
6	MSFTMICROSOFT CORPORATION	6,132	$3.0B	2.03%
7	SPDWSPDR DEV WORLD EX-US ETF	65,268	$2.6B	1.77%
8	IEURISHARES CORE MSCI EUROPE ETF	39,072	$2.6B	1.74%
9	VEAVanguard FTSE Developed Markets ETF	44,848	$2.6B	1.72%
10	SPEMSPDR EMERG MKTS ETF	58,778	$2.5B	1.69%
11	HYGISHS IBOX $ H/Y CORP ETF	29,412	$2.4B	1.58%
12	IEMGISHS CORE MSCI E/MKT ETF	38,125	$2.3B	1.54%
13	VOOVanguard S&P 500 ETF	3,637	$2.1B	1.39%
14	VUGVanguard Growth ETF	4,706	$2.1B	1.39%
15	AMZNAMAZON.COM INC	8,647	$1.9B	1.28%
16	VBKVANGUARD SMALL CAP GROWTH ETF	6,774	$1.9B	1.26%
17	GOOGLALPHABET INC A	10,175	$1.8B	1.20%
18	VTVVanguard Value ETF	8,663	$1.5B	1.03%
19	VVISA INC CL A	4,299	$1.5B	1.03%
20	VBRVANGUARD SMALL CAP VALUE ETF	7,445	$1.5B	0.99%
21	SHYGISHARES 0-5 YEAR HIGH YIELD CORP ETF	32,870	$1.4B	0.95%
22	JPMJPMORGAN CHASE & CO	4,851	$1.4B	0.95%
23	MAMASTERCARD INC A	2,384	$1.3B	0.90%
24	IPACISHARES CORE MSCI PACIFIC ETF	18,896	$1.3B	0.87%
25	SPABSPDR AGGREGATE BOND ETF	48,506	$1.2B	0.83%
26	TMUST-MOBILE US, INC.	4,899	$1.2B	0.79%
27	SPSMSPDR S&P 600 SMALL CAP	26,662	$1.2B	0.77%
28	CITCINTAS CORP	4,941	$1.1B	0.74%
29	HDHOME DEPOT INC	2,875	$1.1B	0.72%
30	SPMDSPDR S&P 400 MDCP ETF	19,160	$1.1B	0.71%
31	COSTCOSTCO WHOLESALE CORP	1,053	$1.0B	0.70%
32	VTEBVanguard Tax-Exempt Bond ETF	20,793	$1.0B	0.68%
33	VOOVANGUARD S&P 500	1,768	$1.0B	0.67%
34	XLCCOMMUNICATION SVCS SELECT SECTOR SPDR	8,915	$960.7M	0.65%
35	MCDMCDONALDS CORP	3,219	$957.6M	0.64%
36	TTTRANE TECHNOLOGIES PLC	2,148	$932.6M	0.63%
37	XLVHLTHCR SEL SECT SPDR ETF	6,782	$927.2M	0.62%
38	XLFICONS STPLS SEL SPDR ETF	11,153	$914.3M	0.61%
39	VWOVanguard FTSE Emerging Markets ETF	18,453	$912.7M	0.61%
40	SRLNSPDR BLACKSTONE GSO SENIOR LOAN	21,490	$888.6M	0.60%
41	IUSBISHARES CORE TOTAL USD BD MKT ETF	19,286	$888.3M	0.60%
42	MGKVNGRD MEGA CAP GRWTH ETF	2,307	$835.8M	0.56%
43	ISRGINTUITIVE SURGICAL NEW	1,526	$821.0M	0.55%
44	PWRQUANTA SERVICES INC	2,190	$815.3M	0.55%
45	METAMETA PLATFORMS INC A	1,133	$814.9M	0.55%
46	SPYSPDR S&P 500 ETF	1,298	$801.7M	0.54%
47	SNPSSYNOPSYS INC	1,506	$785.8M	0.53%
48	WMTWALMART INC	7,934	$779.4M	0.52%
49	TSLATESLA INC	2,584	$777.0M	0.52%
50	RWRSPDR DOW JONES REIT ETF	7,988	$774.8M	0.52%
51	EMBISHARES JPMORGAN USD EMERG MARKETS BOND	8,263	$763.7M	0.51%
52	UNHUNITEDHEALTH GROUP INC	2,328	$759.3M	0.51%
53	VNQVNGRD REAL EST INDX ETF	8,412	$754.5M	0.51%
54	GWXSPDR S&P INTL SMCP ETF	20,258	$752.2M	0.51%
55	VBVANGUARD SMALL CAP ETF	3,014	$721.7M	0.48%
56	AVGOBROADCOM INC	2,692	$712.7M	0.48%
57	BBUSJPMORGAN BETABUILDERS US EQY ETF	6,358	$710.6M	0.48%
58	ADBEADOBE INC	1,795	$703.8M	0.47%
59	SPTLSPDR LONG TERM TREAS ETF	26,450	$701.2M	0.47%
60	PHPARKER HANNIFIN CORP	992	$697.7M	0.47%
61	VTIVanguard Total Stock Market ETF	2,158	$655.9M	0.44%
62	JNKSPDR BLM BARCLAYS HIGH YLD BOND	6,741	$651.6M	0.44%
63	GQ9SPDR GOLD TRUST GOLD ETF	2,110	$648.9M	0.44%
64	TJXTJX COS INC NEW	5,155	$645.2M	0.43%
65	HYSPIMCO 0-5Y H/Y CORP ETF	6,760	$637.4M	0.43%
66	AWCAMER WATER WORKS COMPANY	4,440	$633.0M	0.43%
67	NEENEXTERA ENERGY INC	8,600	$628.3M	0.42%
68	COFCAPITAL ONE FINL CORP	2,862	$615.8M	0.41%
69	LINLINDE PLC NEW	1,282	$611.2M	0.41%
70	EOGEOG RESOURCES INC	5,032	$609.8M	0.41%
71	JGLOJPMORGAN GLOBAL SELECT EQUITY ETF	9,437	$607.6M	0.41%
72	TMOTHERMO FISHER SCIENTIFIC	1,433	$604.0M	0.41%
73	XOMEXXON MOBIL CORP	5,458	$596.2M	0.40%
74	TOTLSPDR DOUBL T/RET TAC ETF	14,912	$595.1M	0.40%
75	MGVVNGRD MEGA CAP VAL ETF	4,463	$591.5M	0.40%
76	CERYSPDR BLOOMBERG ENCD RL YLD CM ETF	21,326	$582.4M	0.39%
77	VSSVNGRD ALL WRLD SMCP ETF	4,310	$578.7M	0.39%
78	IJHISHARES CORE S&P MID CAP ETF	9,063	$569.1M	0.38%
79	BNDVanguard Total Bond Market ETF	7,578	$558.0M	0.37%
80	CMECME GROUP INC CL A	1,936	$533.2M	0.36%
81	PANWPALO ALTO NETWORKS INC	2,675	$528.3M	0.35%
82	AMDADVANCED MICRO DEVICES	3,867	$526.3M	0.35%
83	SPYSPDR S&P 500 ETF Trust	840	$519.0M	0.35%
84	IWMISHS RUSS 2000 INDX ETF	2,375	$517.8M	0.35%
85	SPGIS&P GLOBAL INC	971	$513.4M	0.34%
86	CRMSALESFORCE INC	1,873	$509.3M	0.34%
87	USMVISHS USA MIN VOL FCT ETF	5,322	$501.6M	0.34%
88	ORCLORACLE CORP	2,265	$495.9M	0.33%
89	NXPINXP SEMICONDUCTORS NV	2,231	$493.5M	0.33%
90	NOCNORTHROP GRUMMAN CORP	971	$488.9M	0.33%
91	EFAVISHARES TR MSCI EAFE MIN VL	5,600	$472.4M	0.32%
92	VXUSVanguard Total International Stock ETF	6,787	$468.9M	0.32%
93	BRK/BBERKSHIRE HATHAWAY, INC. CL B	953	$466.6M	0.31%
94	SPLBSPDR LONG TERM CORP ETF	20,530	$462.7M	0.31%
95	VBVanguard Small-Cap ETF	1,951	$462.3M	0.31%
96	BBCAJPM BETABLDR CDA ETF	5,719	$461.7M	0.31%
97	VRTXVERTEX PHARMS INC	1,015	$458.9M	0.31%
98	BNDXVanguard Total International Bond ETF	9,239	$457.4M	0.31%
99	AQLTISHS CORE MSCI EAFE ETF	5,483	$456.8M	0.31%
100	NFLXNETFLIX INC	345	$446.3M	0.30%

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