RICHARDSON FINANCIAL SERVICES INC.

MEDWAY, MA · CIK 2012303 · 13F filing filed 2025-05-06

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$131.4m reported value -7.7% vs Q4 2024

604positions

28.0%in top 10

45 new 158 added 201 reduced 47 sold out vs Q4 2024

This report includes the holdings of 7 other managers that share the investment decisions:

ASSETMARK, INC – files its own report too
Clark Capital Management Group, Inc. – files its own report too
JPMORGAN CHASE & CO – files its own report too
CITY NATIONAL ROCHDALE FUNDS – no 13F of its own this quarter
New Frontier Advisors, LLC – no 13F of its own this quarter
SCHWAB CHARLES CORP – no 13F of its own this quarter
State Street Global Advisors – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	26,595	$5.9m4.50%	4.50%	Reduced -28	-28 -0.1%
2	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	80,999	$5.3m4.05%	4.05%	Reduced -19.1k	-19,057 -19.1%
3	VANGUARD INDEX FDS VALUE ETF VTV	VTV	27,719	$4.8m3.64%	3.64%	Reduced -9.7k	-9,664 -25.9%
4	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	119,070	$4.3m3.30%	3.30%	Added +36.1k	+36,071 43.5%
5	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	9,791	$3.6m2.76%	2.76%	Reduced -5.2k	-5,193 -34.7%
6	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	81,548	$3.2m2.44%	2.44%	Added +4.1k	+4,075 5.3%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	5,260	$2.7m2.06%	2.06%	Reduced -290	-290 -5.2%
8	NVIDIA CORPORATION COM NVDA	NVDA	22,689	$2.5m1.87%	1.87%	Added +269	+269 1.2%
9	ISHARES TR IBOXX HI YD ETF HYG	HYG	28,330	$2.2m1.70%	1.70%	Reduced -985	-985 -3.4%
10	ISHARES INC CORE MSCI EMKT IEMG	IEMG	40,986	$2.2m1.68%	1.68%	Reduced -678	-678 -1.6%
11	MICROSOFT CORP COM MSFT	MSFT	5,856	$2.2m1.67%	1.67%	Reduced -32	-32 -0.5%
12	ISHARES TR CORE MSCI EURO IEUR	IEUR	32,812	$2.0m1.50%	1.50%	Added +2.3k	+2,307 7.6%
13	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	7,085	$1.8m1.36%	1.36%	Reduced -297	-297 -4.0%
14	AMAZON COM INC COM AMZN	AMZN	8,477	$1.6m1.23%	1.23%	Reduced -4	-4 -0.1%
15	VISA INC COM CL A V	V	4,329	$1.5m1.15%	1.15%	Reduced -16	-16 -0.4%
16	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	34,072	$1.4m1.10%	1.10%	Reduced -2.9k	-2,865 -7.8%
17	ALPHABET INC CAP STK CL A GOOGL	GOOGL	9,308	$1.4m1.10%	1.10%	Added +76	+76 0.8%
18	ISHARES TR CORE MSCI PAC IPAC	IPAC	21,567	$1.3m1.02%	1.02%	Reduced -1.2k	-1,160 -5.1%
19	MASTERCARD INCORPORATED CL A MA	MA	2,375	$1.3m0.99%	0.99%	Unchanged
20	T-MOBILE US INC COM TMUS	TMUS	4,854	$1.3m0.99%	0.99%	Unchanged
21	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	6,882	$1.3m0.98%	0.98%	Added +179	+179 2.7%
22	UNITEDHEALTH GROUP INC COM UNH	UNH	2,395	$1.3m0.95%	0.95%	Reduced -9	-9 -0.4%
23	JPMORGAN CHASE & CO COM JPM	JPM	4,925	$1.2m0.92%	0.92%	Reduced -30	-30 -0.6%
24	ISHARES TR TRS FLT RT BD TFLO	TFLO	21,049	$1.1m0.81%	0.81%	Reduced -1.6k	-1,605 -7.1%
25	HOME DEPOT INC COM HD	HD	2,855	$1.0m0.80%	0.80%	Unchanged
26	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,869	$1.0m0.80%	0.80%	Reduced -391	-391 -17.3%
27	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	19,838	$1.0m0.77%	0.77%	Added +1.7k	+1,739 9.6%
28	CINTAS CORP COM CTAS	CTAS	4,939	$1.0m0.77%	0.77%	Added +23	+23 0.5%
29	MCDONALDS CORP COM MCD	MCD	3,182	$994.0k0.76%	0.76%	Added +29	+29 0.9%
30	SELECT SECTOR SPDR TR ENERGY XLE	XLE	10,573	$988.1k0.75%	0.75%	New
31	COSTCO WHSL CORP NEW COM COST	COST	1,008	$953.4k0.73%	0.73%	Reduced -15	-15 -1.5%
32	SPDR SERIES TRUST STATE STRET SPDR CERY	CERY	33,633	$932.0k0.71%	0.71%	Added +16.6k	+16,634 97.8%
33	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	4,469	$922.8k0.70%	0.70%	New
34	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	9,565	$922.5k0.70%	0.70%	Reduced -171	-171 -1.8%
35	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	21,593	$888.1k0.68%	0.68%	Added +2.3k	+2,253 11.7%
36	ISHARES TR CORE TOTAL USD IUSB	IUSB	19,068	$878.7k0.67%	0.67%	Reduced -1.4k	-1,445 -7.0%
37	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	19,472	$793.7k0.60%	0.60%	Reduced -9.2k	-9,177 -32.0%
38	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	29,174	$745.1k0.57%	0.57%	Added +3.2k	+3,233 12.5%
39	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	7,921	$741.7k0.56%	0.56%	Reduced -364	-364 -4.4%
40	SPDR INDEX SHS FDS S&P INTL SMLCP GWX	GWX	22,937	$733.1k0.56%	0.56%	Added +62	+62 0.3%
41	TRANE TECHNOLOGIES PLC SHS TT	TT	2,163	$728.8k0.55%	0.55%	Unchanged
42	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,454	$723.5k0.55%	0.55%	Reduced -8	-8 -0.6%
43	SPDR SER TR PORTFOLIO LN TSR SPTL	SPTL	26,194	$714.0k0.54%	0.54%	Added +5.8k	+5,803 28.5%
44	WALMART INC COM WMT	WMT	7,872	$691.1k0.53%	0.53%	Reduced -61	-61 -0.8%
45	ADOBE INC COM ADBE	ADBE	1,793	$687.7k0.52%	0.52%	Unchanged
46	ISHARES TR JPMORGAN USD EMG EMB	EMB	7,545	$683.5k0.52%	0.52%	Reduced -602	-602 -7.4%
47	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	13,211	$671.5k0.51%	0.51%	Reduced -31.4k	-31,382 -70.4%
48	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	7,303	$661.1k0.50%	0.50%	Added +23	+23 0.3%
49	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	4,470	$659.4k0.50%	0.50%	Unchanged
50	VANGUARD INDEX FDS SMALL CP ETF VB	VB	2,960	$656.4k0.50%	0.50%	Reduced -1.4k	-1,367 -31.6%
51	SPDR INDEX SHS FDS PORTFLO EURP ETF SPEU	SPEU	14,838	$653.0k0.50%	0.50%	New
52	TESLA INC COM TSLA	TSLA	2,485	$644.0k0.49%	0.49%	Reduced -26	-26 -1.0%
53	SYNOPSYS INC COM SNPS	SNPS	1,496	$641.6k0.49%	0.49%	Unchanged
54	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	8,644	$634.9k0.48%	0.48%	Added +357	+357 4.3%
55	NEXTERA ENERGY INC COM NEE	NEE	8,936	$633.5k0.48%	0.48%	Reduced -202	-202 -2.2%
56	DISNEY WALT CO COM DIS	DIS	6,417	$633.4k0.48%	0.48%	Added +71	+71 1.1%
57	EOG RES INC COM EOG	EOG	4,934	$632.7k0.48%	0.48%	Added +262	+262 5.6%
58	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	12,941	$631.8k0.48%	0.48%	Reduced -397	-397 -3.0%
59	EXXON MOBIL CORP COM XOM	XOM	5,311	$631.6k0.48%	0.48%	Added +50	+50 0.9%
60	AMGEN INC COM AMGN	AMGN	2,019	$629.0k0.48%	0.48%	Added +15	+15 0.8%
61	TJX COS INC NEW COM TJX	TJX	5,010	$610.2k0.46%	0.46%	Added +155	+155 3.2%
62	META PLATFORMS INC CL A META	META	1,045	$602.3k0.46%	0.46%	Added +51	+51 5.1%
63	J P MORGAN EXCHANGE TRADED F BETABUILDRS US BBUS	BBUS	5,958	$601.1k0.46%	0.46%	Added +1.4k	+1,391 30.5%
64	PARKER-HANNIFIN CORP COM PH	PH	988	$600.6k0.46%	0.46%	Reduced -2	-2 -0.2%
65	LINDE PLC SHS LIN	LIN	1,279	$595.6k0.45%	0.45%	Added +11	+11 0.9%
66	SPDR GOLD TR GOLD SHS GLD	GLD	2,057	$592.7k0.45%	0.45%	Reduced -196	-196 -8.7%
67	QUANTA SVCS INC COM PWR	PWR	2,185	$555.4k0.42%	0.42%	Unchanged
68	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	1,798	$555.4k0.42%	0.42%	Added +156	+156 9.5%
69	SSGA ACTIVE ETF TR SPDR TR TACTIC TOTL	TOTL	13,519	$544.7k0.41%	0.41%	Added +1.3k	+1,344 11.0%
70	VANGUARD INDEX FDS MCAP GR IDXVIP VOT	VOT	2,171	$531.1k0.40%	0.40%	Added +325	+325 17.6%
71	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	801	$530.8k0.40%	0.40%	Reduced -1	-1 -0.1%
72	ISHARES TR CORE S&P MCP ETF IJH	IJH	9,063	$528.8k0.40%	0.40%	Unchanged
73	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	1,918	$527.1k0.40%	0.40%	Reduced -446	-446 -18.9%
74	J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA BBCA	BBCA	7,260	$519.5k0.40%	0.40%	Reduced -138	-138 -1.9%
75	CME GROUP INC COM CME	CME	1,949	$517.1k0.39%	0.39%	Added +12	+12 0.6%
76	ISHARES TR MSCI USA MIN VOL USMV	USMV	5,460	$511.3k0.39%	0.39%	Reduced -555	-555 -9.2%
77	NORTHROP GRUMMAN CORP COM NOC	NOC	984	$503.8k0.38%	0.38%	Unchanged
78	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	4,357	$503.7k0.38%	0.38%	Reduced -427	-427 -8.9%
79	AMERICAN TOWER CORP NEW COM AMT	AMT	2,300	$500.5k0.38%	0.38%	Unchanged
80	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	938	$499.6k0.38%	0.38%	Reduced -10	-10 -1.1%
81	CAPITAL ONE FINL CORP COM COF	COF	2,767	$496.1k0.38%	0.38%	Unchanged
82	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	1,014	$491.6k0.37%	0.37%	Added +40	+40 4.1%
83	SALESFORCE INC COM CRM	CRM	1,788	$479.8k0.37%	0.37%	Added +30	+30 1.7%
84	S&P GLOBAL INC COM SPGI	SPGI	945	$479.7k0.37%	0.37%	Reduced -24	-24 -2.5%
85	J P MORGAN EXCHANGE TRADED F GLOBAL SEL EQUIT JGLO	JGLO	7,974	$470.0k0.36%	0.36%	Added +1.4k	+1,429 21.8%
86	PEPSICO INC COM PEP	PEP	3,062	$459.1k0.35%	0.35%	Unchanged
87	SPDR SER TR PORTFOLIO LN COR SPLB	SPLB	20,067	$452.9k0.34%	0.34%	New
88	PALO ALTO NETWORKS INC COM PANW	PANW	2,618	$446.6k0.34%	0.34%	Added +20	+20 0.8%
89	BROADCOM INC COM AVGO	AVGO	2,666	$446.4k0.34%	0.34%	Reduced -16	-16 -0.6%
90	ZOETIS INC CL A ZTS	ZTS	2,709	$446.0k0.34%	0.34%	Added +10	+10 0.4%
91	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	3,455	$445.1k0.34%	0.34%	Added +322	+322 10.3%
92	NXP SEMICONDUCTORS N V COM NXPI	NXPI	2,266	$430.7k0.33%	0.33%	Unchanged
93	VANGUARD INDEX FDS MCAP VL IDXVIP VOE	VOE	2,675	$429.4k0.33%	0.33%	Added +286	+286 12.0%
94	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	4,521	$414.7k0.32%	0.32%	Reduced -4.4k	-4,368 -49.1%
95	SPDR SER TR BLOOMBERG HIGH Y JNK	JNK	4,246	$404.7k0.31%	0.31%	Reduced -9.5k	-9,500 -69.1%
96	SPDR SER TR NUVEEN BLMBRG MU TFI	TFI	8,910	$401.6k0.31%	0.31%	Added +648	+648 7.8%
97	ISHARES TR CORE MSCI EAFE IEFA	IEFA	5,305	$401.3k0.31%	0.31%	Reduced -636	-636 -10.7%
98	SPDR SER TR PORTFLI INTRMDIT SPTI	SPTI	13,899	$397.2k0.30%	0.30%	Added +13	+13 0.1%
99	SSGA ACTIVE ETF TR ULT SHT TRM BD ULST	ULST	9,622	$391.1k0.30%	0.30%	Unchanged
100	CHEVRON CORP NEW COM CVX	CVX	2,315	$387.3k0.29%	0.29%	Added +7	+7 0.3%

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
VANGUARD MUN BD FDS VTEB	VTEB	18,920	$948.5k18.9k shares
SELECT SECTOR SPDR TR XLF	XLF	19,417	$937.5k19.4k shares
SELECT SECTOR SPDR TR XLY	XLY	4,138	$935.4k4.1k shares
VANGUARD WELLESLEY INCOME ADMIRAL VWIAX	VWIAX	6,272	$376.2k6.3k shares
VANGUARD WHITEHALL FDS VYM	VYM	1,537	$196.1k1.5k shares
SPDR SERIES TRUST SPYG	SPYG	1,849	$164.0k1.8k shares
VANGUARD WHITEHALL FDS VYMI	VYMI	1,778	$120.7k1.8k shares
ISHARES INC EWL	EWL	2,587	$119.4k2.6k shares
T. Rowe Price Blue Chip Growth I TBCIX	TBCIX	556	$104.2k556 shares
ISHARES TR IWY	IWY	422	$100.1k422 shares
INVESCO EXCHANGE TRADED FD T XMMO	XMMO	563	$69.7k563 shares
BIO-TECHNE CORP TECH	TECH	820	$59.3k820 shares
INVESCO ACTVELY MNGD ETC FD PDBC	PDBC	4,535	$58.6k4.5k shares
FEDERAL RLTY INVT TR NEW FRT	FRT	459	$50.9k459 shares
WILLIS TOWERS WATSON PLC LTD WTW	WTW	121	$37.9k121 shares
GENERAL MTRS CO GM	GM	607	$32.6k607 shares
ISHARES TR TLT	TLT	342	$29.9k342 shares
INTERCONTINENTAL HOTELS GROU IHG	IHG	202	$25.5k202 shares
OWENS CORNING NEW OC	OC	120	$20.4k120 shares
SHELL PLC SHEL	SHEL	314	$19.4k314 shares
VITAL FARMS INC VITL	VITL	367	$13.6k367 shares
ICON PLC ICLR	ICLR	59	$12.4k59 shares
SKECHERS U S A INC SKX	SKX	168	$11.4k168 shares
NMI HLDGS INC NMIH	NMIH	277	$10.2k277 shares
CENCORA INC COR L 07.31.31 1	COR L 07.31.31 1	41	$9.2k41 shares