Richard W. Paul & Associates, LLC

Q4 2025 13F-HR Holdings

Location
Novi, MI
Holdings as of
12/31/2025
Date filed
2/12/2026
Form type
13F-HR
Num holdings
294
Total value ($000)
$301,185
Net value change ($000)
+8,235 (2.8%)
New positions
15
Sold out positions
37
Turnover %
4.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VYMI 2,889 575.5%
AGG 2,592 20.4%
VYM 2,131 7348.3%
BUFD 2,122 NEW
EMB 1,967 NEW
JMBS 1,965 NEW
BUFR 1,704 1252.9%
PYLD 1,559 26.6%
NCLH 1,489 NEW
IUSV 1,458 8.9%
Top Reduces (Value $000, Stocks/ETFs)
BIL -3,701 -77.8%
JEPQ -2,340 -100.0%
JEPI -2,171 -100.0%
DSTL -2,084 -99.6%
ROKU -1,490 -99.5%
RSP -1,337 -15.4%
ORCL -1,122 -99.3%
IBB -1,072 -99.5%
BABA -844 -36.7%
SBUX -767 -99.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type