Richard W. Paul & Associates, LLC
SEC Form 13F institutional filer · CIK 0001964203
13F-HR · 168 reported holdings · 2026-03-31
Reported long-US-equity value
$0.20B
Top-10 concentration
57.8%
Richard W. Paul & Associates, LLC — $203M AUM allocation strategy
Richard W. Paul & Associates, LLC files SEC Form 13F and reports $203M of long US equity value across 168 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 7.3%, followed by Financials 6.1% and Communication Services 2.8%.
The top 10 holdings account for 58% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Richard W. Paul & Associates, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$203M
total across 168 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
58% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SPGI +23.2K sh · +$1.45M+$BSX +5.34K sh · +$334K+$CSCO +5.2K sh · +$410K
Biggest trims (shares)
−$IVV −110K sh · −$14M−$XLRE −40.6K sh · −$1.64M−$KDP −7.69K sh · −$215K
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Asset Management & Custody Banks3.6%—
- Semiconductors3.2%—
- Technology Hardware, Storage & Peripherals2.2%—
- Interactive Media & Services2.0%—
- Systems Software1.8%—
- Financial Exchanges & Data1.6%—
- Diversified Banks0.9%—
- Tobacco0.9%—
- Other holdings83.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $IVZ | Invesco Ltd | 38.3K | $7.35M | -140 | 3.6% |
| $AAPL | Apple Inc | 18.2K | $4.62M | +59 | 2.3% |
| $MSFT | Microsoft Corporation | 9.65K | $3.57M | +300 | 1.8% |
| $NVDA | NVIDIA Corporation | 19.6K | $3.42M | -171 | 1.7% |
| $SPGI | S&P Global Inc | 45.6K | $3.22M | +23.2K | 1.6% |
| $GOOGL | Alphabet Inc | 7.42K | $2.13M | -157 | 1.0% |
| $META | Meta Platforms Inc | 3.29K | $1.88M | -31 | 0.9% |
| $JPM | JP Morgan Chase & Co | 6.29K | $1.85M | +130 | 0.9% |
…and 160 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
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How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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