Richmond Investment Services LLC Portfolio Shifts in Q2 2026

As of June 30, 2026, Richmond Investment Services LLC has reported a portfolio value of $311 million. This quarter saw substantial changes in the fund's investment strategy, with most holdings experiencing significant reductions or exits. The firm appears to have shifted focus towards specific new ETF additions while strategically reducing exposure across various sectors.

The dominant position remains ISHARES TR (IWL), accounting for 12.77% of the portfolio with a market value of approximately $40 million. Despite this being Richmond's largest holding, it experienced one of the most significant reductions in shares during the quarter (-46.78%), indicating an active rebalancing effort.

Several other large holdings also saw substantial decreases: SPDR SERIES TRUST (SPLG), down 47.44% in shares; JANUS DETROIT STR TR (VNLA), down 48.15%; and VANECK ETF TRUST (GDX) also saw a significant reduction (-48.09%). These changes suggest Richmond is actively managing its large-cap positions.

In contrast to the widespread reductions, there were notable increases in specific sectors this quarter:

• New Purchases: Richmond established new positions through purchases of ETFs including AIRR, VUG, CLSE, VO, and JEPI.
• Increased Holdings: The fund also increased its stake in INVESCO ACTIVELY MANAGED EXC (GTO), raising its portfolio allocation to 2.79%.

Concurrently, Richmond made several strategic exits:

• Sold Significant Holdings: The firm exited positions in key ETFs including MOAT, CGDV, and others.
• Reduced Other Positions: Holdings like IEMG saw a drastic reduction (-71.48%), while positions in funds such as SPSM, SPDW were also decreased.
• No Activity Disclosed: For categories not mentioned in the data, such as specific sectors or other holdings, "No such activity is disclosed in this filing." applies.

The overall portfolio allocation shows Richmond heavily concentrated in a single category labeled 'Unknown', which accounts for 91.87% of its value ($263 million). This remains the primary sector focus despite changes elsewhere. Other sectors like Technology, Financial Services, and Communication Services hold minor allocations (3.2%, 1.47%, 1.14%) as per the filing.

Richmond Investment Services demonstrated active buying and selling behavior this quarter, with substantial reductions across many of its top holdings offset by strategic new purchases and increases in specific ETFs. The firm's portfolio continues to be dominated by a large position in ISHARES TR (IWL), but it also showed diversification efforts through both exits from established positions and entry into others.