RICHARDSON FINANCIAL SERVICES INC.

MEDWAY, MA · CIK 2012303 · 13F filing filed 2026-01-22

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.

$309.6m reported value +91.9% vs Q3 2025

598positions

61.3%in top 10

110 new 277 added 136 reduced 25 sold out vs Q3 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, Q4 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	ABB LTD SPONSORED ADR ABBNY	ABBNY	14	$144.7m46.72%	46.72%	New
2	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	101,450	$8.1m2.63%	2.63%	Reduced -3.1k	-3,066 -2.9%
3	APPLE INC COM AAPL	AAPL	27,307	$7.4m2.40%	2.40%	Reduced -66	-66 -0.2%
4	VANGUARD INDEX FDS VALUE ETF VTV	VTV	35,152	$5.7m1.84%	1.84%	Added +510	+510 1.5%
5	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	13,851	$5.4m1.74%	1.74%	Reduced -398	-398 -2.8%
6	NVIDIA CORPORATION COM NVDA	NVDA	23,054	$4.3m1.37%	1.37%	Reduced -1.4k	-1,432 -5.8%
7	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	91,925	$4.1m1.32%	1.32%	Added +12.7k	+12,745 16.1%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	11,735	$3.7m1.19%	1.19%	Added +943	+943 8.7%
9	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	5,521	$3.3m1.07%	1.07%	Added +109	+109 2.0%
10	MICROSOFT CORP COM MSFT	MSFT	6,503	$3.1m1.02%	1.02%	Added +24	+24 0.4%
11	ISHARES TR IBOXX HI YD ETF HYG	HYG	37,756	$3.0m0.98%	0.98%	Added +709	+709 1.9%
12	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	61,776	$2.9m0.93%	0.93%	Reduced -2.7k	-2,701 -4.2%
13	ISHARES TR CORE MSCI EURO IEUR	IEUR	39,160	$2.8m0.90%	0.90%	Reduced -782	-782 -2.0%
14	ISHARES INC CORE MSCI EMKT IEMG	IEMG	36,146	$2.4m0.78%	0.78%	Reduced -3.0k	-2,973 -7.6%
15	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	6,355	$2.4m0.76%	0.76%	Reduced -389	-389 -5.8%
16	AMAZON COM INC COM AMZN	AMZN	9,502	$2.2m0.71%	0.71%	Added +352	+352 3.9%
17	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	18,434	$2.1m0.69%	0.69%	Added +97	+97 0.5%
18	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	1,527	$2.0m0.64%	0.64%	Unchanged
19	JPMORGAN CHASE & CO COM JPM	JPM	5,314	$1.7m0.53%	0.53%	Added +84	+84 1.6%
20	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	7,706	$1.6m0.53%	0.53%	Added +264	+264 3.5%
21	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	38,026	$1.6m0.53%	0.53%	Added +4.4k	+4,433 13.2%
22	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	31,105	$1.5m0.47%	0.47%	Reduced -9.1k	-9,069 -22.6%
23	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,336	$1.4m0.46%	0.46%	Added +123	+123 5.6%
24	ISHARES TR CORE MSCI PAC IPAC	IPAC	19,429	$1.4m0.46%	0.46%	Reduced -121	-121 -0.6%
25	VANGUARD WELLESLEY INCOME ADMIRAL EQUITY FUNDS VWIAX	VWIAX	6,538	$1.4m0.45%	0.45%	Added +266	+266 4.2%
26	MASTERCARD INCORPORATED CL A MA	MA	2,439	$1.4m0.45%	0.45%	Added +35	+35 1.5%
27	SPDR SER TR PORTFOLIO LN TSR SPTL	SPTL	42,125	$1.1m0.36%	0.36%	Added +19.7k	+19,714 88.0%
28	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	18,969	$1.1m0.36%	0.36%	Reduced -118	-118 -0.6%
29	BROADCOM INC COM AVGO	AVGO	3,160	$1.1m0.35%	0.35%	Added +184	+184 6.2%
30	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	2,586	$1.1m0.34%	0.34%	Added +11	+11 0.4%
31	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	44,946	$1.1m0.34%	0.34%	Added +10	+10 0.0%
32	META PLATFORMS INC CL A META	META	1,592	$1.1m0.34%	0.34%	Added +23	+23 1.5%
33	HOME DEPOT INC COM HD	HD	3,047	$1.0m0.34%	0.34%	Added +56	+56 1.9%
34	ISHARES TR CORE TOTAL USD IUSB	IUSB	22,410	$1.0m0.34%	0.34%	Added +2.0k	+1,974 9.7%
35	MCDONALDS CORP COM MCD	MCD	3,408	$1.0m0.34%	0.34%	Added +80	+80 2.4%
36	TESLA INC COM TSLA	TSLA	2,268	$1.0m0.33%	0.33%	Reduced -399	-399 -15.0%
37	J P MORGAN EXCHANGE TRADED F BETABUILDRS US BBUS	BBUS	8,048	$992.4k0.32%	0.32%	Added +546	+546 7.3%
38	T-MOBILE US INC COM TMUS	TMUS	4,869	$988.6k0.32%	0.32%	Unchanged
39	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	23,177	$963.8k0.31%	0.31%	Added +1.2k	+1,179 5.4%
40	SPDR INDEX SHS FDS S&P INTL SMLCP GWX	GWX	19,298	$953.5k0.31%	0.31%	Reduced -206	-206 -1.1%
41	CINTAS CORP COM CTAS	CTAS	5,058	$951.3k0.31%	0.31%	Added +54	+54 1.1%
42	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	1,658	$939.0k0.30%	0.30%	Added +142	+142 9.4%
43	WALMART INC COM WMT	WMT	8,229	$916.8k0.30%	0.30%	Added +2	+2 0.0%
44	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	7,682	$904.3k0.29%	0.29%	Reduced -704	-704 -8.4%
45	VANGUARD INDEX FDS SMALL CP ETF VB	VB	4,995	$891.5k0.29%	0.29%	Added +73	+73 1.5%
46	COSTCO WHSL CORP NEW COM COST	COST	1,015	$875.3k0.28%	0.28%	Reduced -44	-44 -4.2%
47	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	6,053	$871.5k0.28%	0.28%	New
48	SELECT SECTOR SPDR TR SBI CONS STPLS XLP	XLP	11,187	$869.0k0.28%	0.28%	Reduced -718	-718 -6.0%
49	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,506	$866.3k0.28%	0.28%	Added +25	+25 1.7%
50	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	12,552	$850.3k0.27%	0.27%	Added +230	+230 1.9%
51	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,900	$825.8k0.27%	0.27%	Reduced -35	-35 -0.9%
52	TRANE TECHNOLOGIES PLC SHS TT	TT	2,048	$797.1k0.26%	0.26%	Unchanged
53	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	8,700	$790.7k0.26%	0.26%	Added +11	+11 0.1%
54	TJX COS INC NEW COM TJX	TJX	5,123	$787.0k0.25%	0.25%	Added +148	+148 3.0%
55	ELI LILLY & CO COM LLY	LLY	694	$745.8k0.24%	0.24%	Added +220	+220 46.4%
56	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	8,488	$702.7k0.23%	0.23%	Reduced -26	-26 -0.3%
57	SYNOPSYS INC COM SNPS	SNPS	1,478	$694.2k0.22%	0.22%	Added +2	+2 0.1%
58	NEXTERA ENERGY INC COM NEE	NEE	8,505	$682.8k0.22%	0.22%	Added +39	+39 0.5%
59	CAPITAL ONE FINL CORP COM COF	COF	2,812	$681.5k0.22%	0.22%	Added +65	+65 2.4%
60	SPDR SER TR BLOOMBERG HIGH Y JNK	JNK	6,937	$673.2k0.22%	0.22%	Reduced -4.2k	-4,243 -38.0%
61	ISHARES TR RUSSELL 2000 ETF IWM	IWM	2,725	$670.9k0.22%	0.22%	Added +265	+265 10.8%
62	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	4,627	$653.1k0.21%	0.21%	Added +38	+38 0.8%
63	ISHARES TR JPMORGAN USD EMG EMB	EMB	6,576	$633.2k0.20%	0.20%	Reduced -1.7k	-1,724 -20.8%
64	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	2,158	$622.9k0.20%	0.20%	Unchanged
65	LINDE PLC SHS LIN	LIN	1,432	$610.6k0.20%	0.20%	Added +95	+95 7.1%
66	SPDR SERIES TRUST STATE STRET SPDR CERY	CERY	21,460	$609.3k0.20%	0.20%	Reduced -8.2k	-8,160 -27.6%
67	ISHARES TR CORE S&P MCP ETF IJH	IJH	9,203	$607.4k0.20%	0.20%	Added +140	+140 1.5%
68	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	6,275	$594.9k0.19%	0.19%	Reduced -578	-578 -8.4%
69	NORTHROP GRUMMAN CORP COM NOC	NOC	940	$586.2k0.19%	0.19%	Reduced -8	-8 -0.8%
70	ISHARES TR RUS MID CAP ETF IWR	IWR	6,034	$580.9k0.19%	0.19%	Added +2.0k	+1,980 48.8%
71	SALESFORCE INC COM CRM	CRM	2,178	$578.8k0.19%	0.19%	Added +270	+270 14.2%
72	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	4,280	$558.5k0.18%	0.18%	Reduced -35	-35 -0.8%
73	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,159	$558.1k0.18%	0.18%	Added +198	+198 20.6%
74	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	3,659	$543.9k0.18%	0.18%	Reduced -640	-640 -14.9%
75	ISHARES TR CORE MSCI EAFE IEFA	IEFA	5,885	$526.5k0.17%	0.17%	Added +149	+149 2.6%
76	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	19,777	$520.4k0.17%	0.17%	Reduced -1.0k	-1,016 -4.9%
77	VISA INC COM CL A V	V	1,468	$513.9k0.17%	0.17%	Reduced -2.5k	-2,469 -62.7%
78	EOG RES INC COM EOG	EOG	4,893	$513.8k0.17%	0.17%	Added +39	+39 0.8%
79	PALO ALTO NETWORKS INC COM PANW	PANW	2,773	$510.6k0.16%	0.16%	Added +120	+120 4.5%
80	CME GROUP INC COM CME	CME	1,831	$500.0k0.16%	0.16%	Reduced -5	-5 -0.3%
81	J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA BBCA	BBCA	5,362	$498.7k0.16%	0.16%	Reduced -379	-379 -6.6%
82	SPDR GOLD TR GOLD SHS GLD	GLD	1,268	$498.3k0.16%	0.16%	Reduced -243	-243 -16.1%
83	FRANKLIN TEMPLETON ETF TR FTSE CHINA FLCH	FLCH	20,721	$493.2k0.16%	0.16%	New
84	J P MORGAN EXCHANGE TRADED F BETABUILDERS I BBIN	BBIN	6,641	$480.2k0.16%	0.16%	Added +779	+779 13.3%
85	ISHARES TR MSCI USA MIN VOL USMV	USMV	4,970	$467.9k0.15%	0.15%	Reduced -719	-719 -12.6%
86	VANECK ETF TRUST HIGH YLD MUNIETF HYD	HYD	5,949	$464.4k0.15%	0.15%	Reduced -445	-445 -7.0%
87	SSGA ACTIVE TR SPDR SSGA US SCT XLSR	XLSR	1,724	$459.3k0.15%	0.15%	Unchanged
88	PARKER-HANNIFIN CORP COM PH	PH	511	$449.1k0.15%	0.15%	Reduced -471	-471 -48.0%
89	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	17,197	$447.6k0.14%	0.14%	Added +3.6k	+3,584 26.3%
90	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	952	$431.6k0.14%	0.14%	Added +10	+10 1.1%
91	SPDR SER TR NUVEEN BLMBRG MU TFI	TFI	9,399	$427.9k0.14%	0.14%	Added +124	+124 1.3%
92	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,429	$423.3k0.14%	0.14%	Added +55	+55 4.0%
93	EQUINIX INC COM EQIX	EQIX	552	$423.0k0.14%	0.14%	Added +537	+537 3580.0%
94	J P MORGAN EXCHANGE TRADED F GLOBAL SEL EQUIT JGLO	JGLO	6,241	$422.3k0.14%	0.14%	Reduced -569	-569 -8.4%
95	ISHARES TR MSCI EAFE MIN VL EFAV	EFAV	4,848	$417.5k0.13%	0.13%	Reduced -1.1k	-1,060 -17.9%
96	ISHARES TR IBOXX INV CP ETF LQD	LQD	2,363	$415.5k0.13%	0.13%	Reduced -14	-14 -0.6%
97	VANGUARD INTL EQUITY INDEX F GLB EX US ETF VNQI	VNQI	8,938	$409.7k0.13%	0.13%	Reduced -433	-433 -4.6%
98	WILLIAMS COS INC COM WMB	WMB	6,776	$407.3k0.13%	0.13%	Added +288	+288 4.4%
99	VERALTO CORP COM SHS VLTO	VLTO	1	$403.1k0.13%	0.13%	New
100	PHILIP MORRIS INTL INC COM PM	PM	2,389	$402.9k0.13%	0.13%	Added +120	+120 5.3%

Sold out since Q3 2025

Security	Ticker	Shares held before	Value then
SPDR SER TR BIL	BIL	3,715	$340.9k3.7k shares
INTERPUBLIC GROUP COS INC IPG	IPG	4,917	$137.2k4.9k shares
INVESCO EXCH TRADED FD TR II SPMO	SPMO	586	$70.9k586 shares
CARRIER GLOBAL CORPORATION CARR	CARR	937	$55.9k937 shares
ISHARES TR IWY	IWY	179	$49.0k179 shares
UNILEVER PLC		618	$36.6k618 shares
ISHARES TR TLH	TLH	262	$27.0k262 shares
WENDYS CO WEN	WEN	2,895	$26.5k2.9k shares
BANCFIRST CORP BANF	BANF	159	$20.1k159 shares
VERINT SYS INC VRNT	VRNT	866	$17.5k866 shares
ALLISON TRANSMISSION HLDGS I ALSN	ALSN	185	$15.7k185 shares
FMC CORP FMC	FMC	465	$15.6k465 shares
MAPLEBEAR INC CART	CART	366	$13.5k366 shares
BOYD GAMING CORP BYD	BYD	108	$9.3k108 shares
LXP INDUSTRIAL TRUST LXP	LXP	840	$7.5k840 shares
SELECT SECTOR SPDR TR XLE	XLE	166	$7.4k166 shares
COTERRA ENERGY INC CTRA	CTRA	211	$5.0k211 shares
STARBUCKS CORP SBUX	SBUX	7	$5927 shares
ILLINOIS TOOL WKS INC ITW	ITW	2	$5222 shares
CROWN CASTLE INC CCI	CCI	5	$4825 shares
PHILLIPS 66 PSX	PSX	3	$4083 shares
MCCORMICK & CO INC MKC	MKC	4	$2684 shares
REALTY INCOME CORP O	O	4	$2434 shares
LYONDELLBASELL INDUSTRIES N LYB	LYB	3	$1473 shares
VIATRIS INC VTRS	VTRS	1	$101 shares