RICHARDSON FINANCIAL SERVICES INC.

MEDWAY, MA · CIK 2012303 · 13F filing filed 2026-05-04

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.

$159.8m reported value -48.4% vs Q4 2025

613positions

29.5%in top 10

68 new 214 added 207 reduced 53 sold out vs Q4 2025

This report includes the holdings of 5 other managers that share the investment decisions:

ASSETMARK, INC – files its own report too
Clark Capital Management Group, Inc. – files its own report too
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, Q1 2026

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	27,479	$7.0m4.36%	4.36%	Added +172	+172 0.6%
2	SPDR SERIES TRUST PORTFOLIO S&P500 SPYM	SPYM	89,351	$6.8m4.28%	4.28%	Reduced -12.1k	-12,099 -11.9%
3	VANGUARD INDEX FDS VALUE ETF VTV	VTV	33,952	$6.7m4.17%	4.17%	Reduced -1.2k	-1,200 -3.4%
4	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	13,893	$6.1m3.80%	3.80%	Added +42	+42 0.3%
5	NVIDIA CORPORATION COM NVDA	NVDA	24,190	$4.2m2.64%	2.64%	Added +1.1k	+1,136 4.9%
6	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	80,956	$3.7m2.31%	2.31%	Reduced -11.0k	-10,969 -11.9%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	12,187	$3.5m2.19%	2.19%	Added +452	+452 3.9%
8	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	5,604	$3.3m2.09%	2.09%	Added +83	+83 1.5%
9	ISHARES TR IBOXX HI YD ETF HYG	HYG	38,628	$3.1m1.92%	1.92%	Added +872	+872 2.3%
10	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	44,004	$2.8m1.76%	1.76%	Reduced -942	-942 -2.1%
11	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	58,170	$2.7m1.71%	1.71%	Reduced -3.6k	-3,606 -5.8%
12	ISHARES TR CORE MSCI EURO IEUR	IEUR	37,850	$2.7m1.66%	1.66%	Reduced -1.3k	-1,310 -3.4%
13	MICROSOFT CORP COM MSFT	MSFT	6,992	$2.6m1.62%	1.62%	Added +489	+489 7.5%
14	ISHARES INC CORE MSCI EMKT IEMG	IEMG	34,000	$2.4m1.48%	1.48%	Reduced -2.1k	-2,146 -5.9%
15	AMAZON COM INC COM AMZN	AMZN	9,726	$2.0m1.27%	1.27%	Added +224	+224 2.4%
16	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	6,159	$1.9m1.16%	1.16%	Reduced -196	-196 -3.1%
17	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	7,512	$1.6m1.02%	1.02%	Reduced -194	-194 -2.5%
18	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	38,238	$1.6m1.01%	1.01%	Added +212	+212 0.6%
19	JPMORGAN CHASE & CO COM JPM	JPM	5,492	$1.6m1.01%	1.01%	Added +178	+178 3.4%
20	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,303	$1.5m0.94%	0.94%	Reduced -33	-33 -1.4%
21	ISHARES TR CORE MSCI PAC IPAC	IPAC	18,651	$1.4m0.89%	0.89%	Reduced -778	-778 -4.0%
22	VANGUARD INDEX FDS SMALL CP ETF VB	VB	4,918	$1.3m0.81%	0.81%	Reduced -77	-77 -1.5%
23	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	25,638	$1.2m0.78%	0.78%	Reduced -5.5k	-5,467 -17.6%
24	MASTERCARD INCORPORATED CL A MA	MA	2,476	$1.2m0.77%	0.77%	Added +37	+37 1.5%
25	BROADCOM INC COM AVGO	AVGO	3,833	$1.2m0.74%	0.74%	Added +673	+673 21.3%
26	META PLATFORMS INC CL A META	META	1,851	$1.1m0.66%	0.66%	Added +259	+259 16.3%
27	ISHARES TR CORE TOTAL USD IUSB	IUSB	22,910	$1.1m0.66%	0.66%	Added +500	+500 2.2%
28	MCDONALDS CORP COM MCD	MCD	3,397	$1.1m0.66%	0.66%	Reduced -11	-11 -0.3%
29	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	17,645	$1.0m0.65%	0.65%	Reduced -1.3k	-1,324 -7.0%
30	WALMART INC COM WMT	WMT	8,320	$1.0m0.65%	0.65%	Added +91	+91 1.1%
31	T-MOBILE US INC COM TMUS	TMUS	4,879	$1.0m0.64%	0.64%	Added +10	+10 0.2%
32	HOME DEPOT INC COM HD	HD	3,104	$1.0m0.64%	0.64%	Added +57	+57 1.9%
33	COSTCO WHSL CORP NEW COM COST	COST	1,017	$1.0m0.63%	0.63%	Added +2	+2 0.2%
34	SPDR SERIES TRUST STATE STRET SPDR CERY	CERY	27,734	$977.3k0.61%	0.61%	Added +6.3k	+6,274 29.2%
35	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	17,997	$972.7k0.61%	0.61%	Reduced -437	-437 -2.4%
36	J P MORGAN EXCHANGE TRADED F BETABUILDRS US BBUS	BBUS	7,965	$933.3k0.58%	0.58%	Reduced -83	-83 -1.0%
37	VANGUARD WORLD FD MEGA GRWTH IND MGK	MGK	2,508	$921.5k0.58%	0.58%	Reduced -78	-78 -3.0%
38	SSGA ACTIVE ETF TR BLACKSTONE SENR SRLN	SRLN	22,814	$915.7k0.57%	0.57%	Reduced -363	-363 -1.6%
39	SPDR SER TR PORTFOLIO LN TSR SPTL	SPTL	33,687	$886.0k0.55%	0.55%	Reduced -8.4k	-8,438 -20.0%
40	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	6,038	$885.2k0.55%	0.55%	Added +5.8k	+5,762 2087.7%
41	TESLA INC COM TSLA	TSLA	2,358	$876.6k0.55%	0.55%	Added +90	+90 4.0%
42	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	7,646	$847.6k0.53%	0.53%	Reduced -36	-36 -0.5%
43	SPDR SER TR BLOOMBERG HIGH Y JNK	JNK	8,780	$840.4k0.53%	0.53%	Added +1.8k	+1,843 26.6%
44	CINTAS CORP COM CTAS	CTAS	4,967	$840.1k0.53%	0.53%	Reduced -91	-91 -1.8%
45	TJX COS INC NEW COM TJX	TJX	5,175	$826.5k0.52%	0.52%	Added +52	+52 1.0%
46	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,975	$808.6k0.51%	0.51%	Added +75	+75 1.9%
47	EOG RES INC COM EOG	EOG	5,574	$805.8k0.50%	0.50%	Added +681	+681 13.9%
48	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	8,782	$778.9k0.49%	0.49%	Added +82	+82 0.9%
49	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	1,685	$776.8k0.49%	0.49%	Added +27	+27 1.6%
50	TRANE TECHNOLOGIES PLC SHS TT	TT	1,843	$768.1k0.48%	0.48%	Reduced -205	-205 -10.0%
51	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	1,511	$742.7k0.46%	0.46%	Added +5	+5 0.3%
52	SPDR INDEX SHS FDS S&P INTL SMLCP GWX	GWX	17,440	$736.5k0.46%	0.46%	Reduced -1.9k	-1,858 -9.6%
53	ISHARES TR RUSSELL 2000 ETF IWM	IWM	2,906	$720.6k0.45%	0.45%	Added +181	+181 6.6%
54	LINDE PLC SHS LIN	LIN	1,417	$702.6k0.44%	0.44%	Reduced -15	-15 -1.1%
55	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	9,378	$690.6k0.43%	0.43%	Added +890	+890 10.5%
56	SPDR SER TR PORTFOLIO AGRGTE SPAB	SPAB	26,928	$689.9k0.43%	0.43%	Added +9.7k	+9,731 56.6%
57	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	2,116	$678.8k0.42%	0.42%	Reduced -42	-42 -1.9%
58	VANGUARD MUN BD FDS TAX EXEMPT BD VTEB	VTEB	13,449	$671.0k0.42%	0.42%	Reduced -6.3k	-6,328 -32.0%
59	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	4,623	$670.1k0.42%	0.42%	Reduced -4	-4 -0.1%
60	ISHARES TR RUS MID CAP ETF IWR	IWR	6,890	$669.9k0.42%	0.42%	Added +856	+856 14.2%
61	ELI LILLY & CO COM LLY	LLY	716	$658.6k0.41%	0.41%	Added +22	+22 3.2%
62	VANGUARD CHARLOTTE FDS TOTAL INT BD ETF BNDX	BNDX	13,629	$654.9k0.41%	0.41%	Added +1.1k	+1,077 8.6%
63	ISHARES TR CORE S&P MCP ETF IJH	IJH	9,203	$621.5k0.39%	0.39%	Unchanged
64	NORTHROP GRUMMAN CORP COM NOC	NOC	909	$620.2k0.39%	0.39%	Reduced -31	-31 -3.3%
65	ISHARES TR JPMORGAN USD EMG EMB	EMB	6,593	$619.2k0.39%	0.39%	Added +17	+17 0.3%
66	SYNOPSYS INC COM SNPS	SNPS	1,483	$588.0k0.37%	0.37%	Added +5	+5 0.3%
67	CHEVRON CORP NEW COM CVX	CVX	2,785	$576.1k0.36%	0.36%	Added +341	+341 13.9%
68	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,197	$573.6k0.36%	0.36%	Added +38	+38 3.3%
69	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	6,092	$568.1k0.36%	0.36%	Reduced -183	-183 -2.9%
70	NEXTERA ENERGY INC COM NEE	NEE	5,999	$557.2k0.35%	0.35%	Reduced -2.5k	-2,506 -29.5%
71	EQUINIX INC COM EQIX	EQIX	562	$551.0k0.34%	0.34%	Added +10	+10 1.8%
72	CAPITAL ONE FINL CORP COM COF	COF	2,932	$535.0k0.33%	0.33%	Added +120	+120 4.3%
73	FRANKLIN TEMPLETON ETF TR FTSE CHINA FLCH	FLCH	23,735	$531.4k0.33%	0.33%	Added +3.0k	+3,014 14.6%
74	CME GROUP INC COM CME	CME	1,799	$531.3k0.33%	0.33%	Reduced -32	-32 -1.8%
75	ISHARES TR CORE MSCI EAFE IEFA	IEFA	5,764	$521.8k0.33%	0.33%	Reduced -121	-121 -2.1%
76	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	3,830	$521.2k0.33%	0.33%	Reduced -450	-450 -10.5%
77	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	3,520	$513.2k0.32%	0.32%	Reduced -139	-139 -3.8%
78	SPDR GOLD TR GOLD SHS GLD	GLD	1,183	$509.0k0.32%	0.32%	Reduced -85	-85 -6.7%
79	J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA BBCA	BBCA	5,218	$490.8k0.31%	0.31%	Reduced -144	-144 -2.7%
80	CHUBB LIMITED COM CB	CB	1,505	$490.5k0.31%	0.31%	Added +285	+285 23.4%
81	PALO ALTO NETWORKS INC COM PANW	PANW	3,035	$486.4k0.30%	0.30%	Added +262	+262 9.4%
82	WILLIAMS COS INC COM WMB	WMB	6,681	$486.2k0.30%	0.30%	Reduced -95	-95 -1.4%
83	KLA CORP COM NEW KLAC	KLAC	315	$463.8k0.29%	0.29%	Added +11	+11 3.6%
84	ISHARES TR CORE S&P500 ETF IVV	IVV	709	$463.1k0.29%	0.29%	Added +32	+32 4.7%
85	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	5,925	$456.9k0.29%	0.29%	Reduced -702	-702 -10.6%
86	J P MORGAN EXCHANGE TRADED F BETABUILDERS I BBIN	BBIN	6,219	$454.7k0.28%	0.28%	Reduced -422	-422 -6.3%
87	PARKER-HANNIFIN CORP COM PH	PH	488	$436.9k0.27%	0.27%	Reduced -23	-23 -4.5%
88	ISHARES TR MSCI USA MIN VOL USMV	USMV	4,568	$423.5k0.26%	0.26%	Reduced -402	-402 -8.1%
89	SELECT SECTOR SPDR TR INDL XLI	XLI	2,606	$421.5k0.26%	0.26%	New
90	ISHARES TR MSCI EAFE MIN VL EFAV	EFAV	4,522	$413.1k0.26%	0.26%	Reduced -326	-326 -6.7%
91	PHILIP MORRIS INTL INC COM PM	PM	2,489	$411.5k0.26%	0.26%	Added +100	+100 4.2%
92	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	3,089	$410.5k0.26%	0.26%	Reduced -3.0k	-2,964 -49.0%
93	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,673	$405.6k0.25%	0.25%	Added +244	+244 17.1%
94	VANGUARD WELLESLEY INCOME ADMIRAL EQUITY FUNDS VWIAX	VWIAX	6,538	$400.4k0.25%	0.25%	Unchanged
95	NETFLIX INC COM NFLX	NFLX	4,154	$399.4k0.25%	0.25%	Added +93	+93 2.3%
96	VANGUARD INTL EQUITY INDEX F GLB EX US ETF VNQI	VNQI	8,912	$396.1k0.25%	0.25%	Reduced -26	-26 -0.3%
97	AT&T INC COM T	T	13,580	$393.7k0.25%	0.25%	Added +981	+981 7.8%
98	VISA INC COM CL A V	V	1,299	$392.6k0.25%	0.25%	Reduced -169	-169 -11.5%
99	ENTERGY CORP NEW COM ETR	ETR	3,493	$392.4k0.25%	0.25%	Reduced -80	-80 -2.2%
100	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	877	$391.6k0.25%	0.25%	Reduced -75	-75 -7.9%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
SELECT SECTOR SPDR TR XLP	XLP	11,187	$869.0k11.2k shares
ASTRAZENECA PLC		639	$117.7k639 shares
LEIDOS HOLDINGS INC LDOS	LDOS	517	$93.3k517 shares
SPDR SERIES TRUST SPYG	SPYG	730	$77.9k730 shares
ROPER TECHNOLOGIES INC ROP	ROP	140	$62.3k140 shares
ALLEGION PLC ALLE	ALLE	374	$59.5k374 shares
BLOCK H & R INC HRB	HRB	1,135	$49.5k1.1k shares
KKR & CO INC KKR	KKR	377	$48.1k377 shares
STERIS PLC STE	STE	175	$44.4k175 shares
FIRST TR EXCH TRADED FD III FPEI	FPEI	410	$39.8k410 shares
DORMAN PRODS INC DORM	DORM	306	$37.7k306 shares
VIPSHOP HLDGS LTD VIPS	VIPS	2,063	$36.5k2.1k shares
FS SPECIALTY LENDING FD FSSL	FSSL	2,576	$36.4k2.6k shares
ISHARES TR AGG	AGG	332	$33.2k332 shares
PENTAIR PLC PNR	PNR	280	$29.2k280 shares
NETAPP INC NTAP	NTAP	270	$28.9k270 shares
FRESHWORKS INC FRSH	FRSH	2,123	$26.0k2.1k shares
FEDEX CORP FDX	FDX	2	$25.2k2 shares
AXCELIS TECHNOLOGIES INC ACLS	ACLS	277	$22.3k277 shares
AMPHASTAR PHARMACEUTICALS IN AMPH	AMPH	819	$21.9k819 shares
SOLENO THERAPEUTICS INC SLNO	SLNO	436	$20.2k436 shares
J P MORGAN EXCHANGE TRADED F JPST	JPST	384	$19.4k384 shares
ISHARES TR IUSG	IUSG	90	$15.1k90 shares
SPROUTS FMRS MKT INC SFM	SFM	185	$14.7k185 shares
UBER TECHNOLOGIES INC UBER	UBER	168	$13.7k168 shares