RICHARDSON FINANCIAL SERVICES INC.

MEDWAY, MA · CIK 2012303 · 13F filing filed 2025-07-25

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.

$148.9m reported value +13.3% vs Q1 2025

610positions

28.5%in top 10

46 new 214 added 163 reduced 40 sold out vs Q1 2025

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
Capital Group Companies, Inc. – reports through this filing
State Street Global Advisors LTD – reports through this filing
CITY NATIONAL ROCHDALE FUNDS – no 13F of its own this quarter
New Frontier Advisors, LLC – no 13F of its own this quarter

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

Holdings, Q2 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	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	93,124	$6.8m4.54%	4.54%	Added +12.1k	+12,125 15.0%
2	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	14,483	$6.3m4.24%	4.24%	Added +4.7k	+4,692 47.9%
3	VANGUARD INDEX FDS VALUE ETF VTV	VTV	34,876	$6.2m4.17%	4.17%	Added +7.2k	+7,157 25.8%
4	APPLE INC COM AAPL	AAPL	25,987	$5.4m3.63%	3.63%	Reduced -608	-608 -2.3%
5	NVIDIA CORPORATION COM NVDA	NVDA	24,071	$3.7m2.48%	2.48%	Added +1.4k	+1,382 6.1%
6	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	5,405	$3.1m2.06%	2.06%	Added +145	+145 2.8%
7	MICROSOFT CORP COM MSFT	MSFT	6,166	$3.0m2.04%	2.04%	Added +310	+310 5.3%
8	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	66,378	$2.7m1.80%	1.80%	Reduced -52.7k	-52,692 -44.2%
9	ISHARES TR CORE MSCI EURO IEUR	IEUR	39,782	$2.6m1.77%	1.77%	Added +7.0k	+6,970 21.2%
10	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	60,153	$2.6m1.73%	1.73%	Reduced -21.4k	-21,395 -26.2%
11	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	45,157	$2.6m1.73%	1.73%	Added +31.9k	+31,946 241.8%
12	ISHARES TR IBOXX HI YD ETF HYG	HYG	29,412	$2.4m1.58%	1.58%	Added +1.1k	+1,082 3.8%
13	ISHARES INC CORE MSCI EMKT IEMG	IEMG	39,217	$2.4m1.58%	1.58%	Reduced -1.8k	-1,769 -4.3%
14	AMAZON COM INC COM AMZN	AMZN	8,694	$1.9m1.29%	1.29%	Added +217	+217 2.6%
15	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	6,824	$1.9m1.27%	1.27%	Reduced -261	-261 -3.7%
16	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,175	$1.8m1.20%	1.20%	Added +867	+867 9.3%
17	VISA INC COM CL A V	V	4,307	$1.5m1.03%	1.03%	Reduced -22	-22 -0.5%
18	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	7,510	$1.5m1.00%	1.00%	Added +628	+628 9.1%
19	JPMORGAN CHASE & CO COM JPM	JPM	5,060	$1.5m0.99%	0.99%	Added +135	+135 2.7%
20	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	32,870	$1.4m0.95%	0.95%	Reduced -1.2k	-1,202 -3.5%
21	MASTERCARD INCORPORATED CL A MA	MA	2,395	$1.4m0.91%	0.91%	Added +20	+20 0.8%
22	ISHARES TR CORE MSCI PAC IPAC	IPAC	19,560	$1.3m0.90%	0.90%	Reduced -2.0k	-2,007 -9.3%
23	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,138	$1.3m0.89%	0.89%	Added +269	+269 14.4%
24	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	50,445	$1.3m0.86%	0.86%	Added +21.3k	+21,271 72.9%
25	VANGUARD INDEX FDS SMALL CP ETF VB	VB	4,965	$1.2m0.80%	0.80%	Added +2.0k	+2,005 67.7%
26	T-MOBILE US INC COM TMUS	TMUS	4,899	$1.2m0.79%	0.79%	Added +45	+45 0.9%
27	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	27,116	$1.2m0.79%	0.79%	Added +7.6k	+7,644 39.3%
28	CINTAS CORP COM CTAS	CTAS	4,941	$1.1m0.74%	0.74%	Added +2	+2 0.0%
29	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	19,582	$1.1m0.72%	0.72%	Reduced -256	-256 -1.3%
30	HOME DEPOT INC COM HD	HD	2,875	$1.1m0.72%	0.72%	Added +20	+20 0.7%
31	COSTCO WHSL CORP NEW COM COST	COST	1,055	$1.0m0.70%	0.70%	Added +47	+47 4.7%
32	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	20,793	$1.0m0.68%	0.68%	New
33	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	8,915	$960.7k0.65%	0.65%	Reduced -650	-650 -6.8%
34	MCDONALDS CORP COM MCD	MCD	3,219	$957.6k0.64%	0.64%	Added +37	+37 1.2%
35	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	6,924	$946.3k0.64%	0.64%	Added +6.8k	+6,782 4776.1%
36	TRANE TECHNOLOGIES PLC SHS TT	TT	2,148	$932.6k0.63%	0.63%	Reduced -15	-15 -0.7%
37	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	11,153	$914.3k0.61%	0.61%	New
38	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	18,453	$912.7k0.61%	0.61%	Added +12.9k	+12,915 233.2%
39	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	21,773	$900.4k0.60%	0.60%	Added +180	+180 0.8%
40	ISHARES TR CORE TOTAL USD IUSB	IUSB	19,286	$888.3k0.60%	0.60%	Added +218	+218 1.1%
41	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	2,307	$835.8k0.56%	0.56%	Added +509	+509 28.3%
42	META PLATFORMS INC CL A META	META	1,144	$823.0k0.55%	0.55%	Added +99	+99 9.5%
43	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	1,526	$821.0k0.55%	0.55%	Added +1.2k	+1,179 339.8%
44	QUANTA SVCS INC COM PWR	PWR	2,190	$815.3k0.55%	0.55%	Added +5	+5 0.2%
45	SPDR SER TR DJ REIT ETF RWR	RWR	8,142	$789.6k0.53%	0.53%	Added +7.4k	+7,418 1024.6%
46	SYNOPSYS INC COM SNPS	SNPS	1,506	$785.8k0.53%	0.53%	Added +10	+10 0.7%
47	WALMART INC COM WMT	WMT	7,934	$779.4k0.52%	0.52%	Added +62	+62 0.8%
48	TESLA INC COM TSLA	TSLA	2,587	$778.0k0.52%	0.52%	Added +102	+102 4.1%
49	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	8,586	$770.0k0.52%	0.52%	Added +1.3k	+1,283 17.6%
50	SPDR INDEX SHS FDS S&P INTL SMLCP GWX	GWX	20,674	$767.6k0.52%	0.52%	Reduced -2.3k	-2,263 -9.9%
51	ISHARES TR JPMORGAN USD EMG EMB	EMB	8,263	$763.7k0.51%	0.51%	Added +718	+718 9.5%
52	UNITEDHEALTH GROUP INC COM UNH	UNH	2,333	$760.8k0.51%	0.51%	Reduced -62	-62 -2.6%
53	SPDR SER TR PORTFOLIO LN TSR SPTL	SPTL	27,760	$736.0k0.49%	0.49%	Added +1.6k	+1,566 6.0%
54	BROADCOM INC COM AVGO	AVGO	2,744	$727.0k0.49%	0.49%	Added +78	+78 2.9%
55	J P MORGAN EXCHANGE TRADED F BETABUILDRS US BBUS	BBUS	6,358	$710.6k0.48%	0.48%	Added +400	+400 6.7%
56	ADOBE INC COM ADBE	ADBE	1,795	$703.8k0.47%	0.47%	Added +2	+2 0.1%
57	PARKER-HANNIFIN CORP COM PH	PH	992	$697.7k0.47%	0.47%	Added +4	+4 0.4%
58	SPDR GOLD TR GOLD SHS GLD	GLD	2,182	$670.9k0.45%	0.45%	Added +125	+125 6.1%
59	SPDR SER TR BLOOMBERG HIGH Y JNK	JNK	6,939	$670.8k0.45%	0.45%	Added +2.7k	+2,693 63.4%
60	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	2,158	$655.9k0.44%	0.44%	Added +240	+240 12.5%
61	TJX COS INC NEW COM TJX	TJX	5,155	$645.2k0.43%	0.43%	Added +145	+145 2.9%
62	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	6,760	$637.4k0.43%	0.43%	Reduced -1.2k	-1,161 -14.7%
63	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	4,440	$633.0k0.43%	0.43%	Reduced -30	-30 -0.7%
64	NEXTERA ENERGY INC COM NEE	NEE	8,600	$628.3k0.42%	0.42%	Reduced -336	-336 -3.8%
65	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	8,479	$624.0k0.42%	0.42%	Reduced -165	-165 -1.9%
66	CAPITAL ONE FINL CORP COM COF	COF	2,862	$615.8k0.41%	0.41%	Added +95	+95 3.4%
67	LINDE PLC SHS LIN	LIN	1,285	$612.6k0.41%	0.41%	Added +6	+6 0.5%
68	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,449	$610.5k0.41%	0.41%	Reduced -5	-5 -0.3%
69	EOG RES INC COM EOG	EOG	5,032	$609.8k0.41%	0.41%	Added +98	+98 2.0%
70	J P MORGAN EXCHANGE TRADED F GLOBAL SEL EQUIT JGLO	JGLO	9,437	$607.6k0.41%	0.41%	Added +1.5k	+1,463 18.4%
71	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	12,260	$606.8k0.41%	0.41%	Reduced -681	-681 -5.3%
72	SPDR SERIES TRUST STATE STRET SPDR CERY	CERY	22,204	$606.3k0.41%	0.41%	Reduced -11.4k	-11,429 -34.0%
73	EXXON MOBIL CORP COM XOM	XOM	5,458	$596.2k0.40%	0.40%	Added +147	+147 2.8%
74	SSGA ACTIVE ETF TR SPDR TR TACTIC TOTL	TOTL	14,912	$595.1k0.40%	0.40%	Added +1.4k	+1,393 10.3%
75	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	4,463	$591.5k0.40%	0.40%	Added +1.0k	+1,008 29.2%
76	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	4,369	$586.6k0.39%	0.39%	Added +12	+12 0.3%
77	ISHARES TR CORE S&P MCP ETF IJH	IJH	9,063	$569.1k0.38%	0.38%	Unchanged
78	ISHARES TR MSCI USA MIN VOL USMV	USMV	5,704	$537.5k0.36%	0.36%	Added +244	+244 4.5%
79	CME GROUP INC COM CME	CME	1,939	$534.0k0.36%	0.36%	Reduced -10	-10 -0.5%
80	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,917	$533.4k0.36%	0.36%	Added +3.0k	+2,995 324.8%
81	PALO ALTO NETWORKS INC COM PANW	PANW	2,683	$530.0k0.36%	0.36%	Added +65	+65 2.5%
82	ISHARES TR RUSSELL 2000 ETF IWM	IWM	2,375	$517.8k0.35%	0.35%	Added +2.2k	+2,164 1025.6%
83	S&P GLOBAL INC COM SPGI	SPGI	975	$515.6k0.35%	0.35%	Added +30	+30 3.2%
84	SALESFORCE INC COM CRM	CRM	1,888	$513.4k0.34%	0.34%	Added +100	+100 5.6%
85	ISHARES TR MSCI EAFE MIN VL EFAV	EFAV	5,884	$496.3k0.33%	0.33%	Added +2.6k	+2,634 81.0%
86	ORACLE CORP COM ORCL	ORCL	2,265	$495.9k0.33%	0.33%	Added +2.2k	+2,210 4018.2%
87	NXP SEMICONDUCTORS N V COM NXPI	NXPI	2,231	$493.5k0.33%	0.33%	Reduced -35	-35 -1.5%
88	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,003	$490.9k0.33%	0.33%	Added +65	+65 6.9%
89	NORTHROP GRUMMAN CORP COM NOC	NOC	974	$490.4k0.33%	0.33%	Reduced -10	-10 -1.0%
90	SPDR SER TR PORTFOLIO LN COR SPLB	SPLB	21,695	$489.0k0.33%	0.33%	Added +1.6k	+1,628 8.1%
91	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	6,787	$468.9k0.32%	0.32%	Added +743	+743 12.3%
92	J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA BBCA	BBCA	5,719	$461.7k0.31%	0.31%	Reduced -1.5k	-1,541 -21.2%
93	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	1,020	$461.2k0.31%	0.31%	Added +6	+6 0.6%
94	ISHARES TR CORE MSCI EAFE IEFA	IEFA	5,483	$456.8k0.31%	0.31%	Added +178	+178 3.4%
95	NETFLIX INC COM NFLX	NFLX	348	$450.3k0.30%	0.30%	Added +30	+30 9.4%
96	VANGUARD INTL EQUITY INDEX F GLB EX US ETF VNQI	VNQI	9,246	$428.8k0.29%	0.29%	Added +2.8k	+2,819 43.9%
97	ISHARES TR TRS FLT RT BD TFLO	TFLO	8,248	$416.3k0.28%	0.28%	Reduced -12.8k	-12,801 -60.8%
98	ZOETIS INC CL A ZTS	ZTS	2,604	$414.5k0.28%	0.28%	Reduced -105	-105 -3.9%
99	PEPSICO INC COM PEP	PEP	3,047	$412.1k0.28%	0.28%	Reduced -15	-15 -0.5%
100	SPDR SER TR NUVEEN BLMBRG MU TFI	TFI	9,076	$404.7k0.27%	0.27%	Added +166	+166 1.9%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
SPDR INDEX SHS FDS SPEU	SPEU	14,838	$653.0k14.8k shares
AMERICAN TOWER CORP NEW AMT	AMT	2,300	$500.5k2.3k shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	1,485	$104.5k1.5k shares
BANK NEW YORK MELLON CORP BNY	BNY	1,135	$95.2k1.1k shares
ISHARES TR IWX	IWX	714	$58.7k714 shares
WHIRLPOOL CORP WHR	WHR	485	$43.7k485 shares
GENERAL DYNAMICS CORP GD	GD	119	$32.4k119 shares
JD.COM INC JD	JD	705	$29.0k705 shares
VANECK ETF TRUST CLOI	CLOI	524	$27.7k524 shares
COCA-COLA EUROPACIFIC PARTNE CCEP	CCEP	300	$26.1k300 shares
DICKS SPORTING GOODS INC DKS	DKS	126	$25.4k126 shares
OCCIDENTAL PETE CORP OXY	OXY	470	$23.2k470 shares
MEDTRONIC PLC MDT	MDT	250	$22.5k250 shares
MR COOPER GROUP INC WMIH	WMIH	163	$19.5k163 shares
PETROLEO BRASILEIRO SA PETRO PBR	PBR	1,192	$17.1k1.2k shares
LULULEMON ATHLETICA INC LULU	LULU	52	$14.7k52 shares
EAGLE MATLS INC EXP	EXP	36	$8.0k36 shares
DECKERS OUTDOOR CORP DECK	DECK	70	$7.8k70 shares
MOLSON COORS BEVERAGE CO TAP	TAP	123	$7.5k123 shares
CARGURUS INC CARG	CARG	253	$7.4k253 shares
BOOT BARN HLDGS INC BOOT	BOOT	66	$7.1k66 shares
PERELLA WEINBERG PARTNERS PWP	PWP	361	$6.6k361 shares
J P MORGAN EXCHANGE TRADED F BBMC	BBMC	73	$6.6k73 shares
YELP INC YELP	YELP	165	$6.1k165 shares
BLACK HILLS CORP BKH	BKH	98	$5.9k98 shares