Institutional Manager · CIK 0001528214

Richard Bernstein Advisors LLC

NEW YORK, NY · File #028-14643

Latest AUM

$3.40B

Positions

174

Top-10 Concentration

80.3%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	ISHARES TR	46434V456	+2,216,790	+$100.8M	+$11.4M
REDUCE	SELECT SECTOR SPDR TR	81369Y605	-1,211,356	-$66.3M	+$1.1M
REDUCE	ISHARES TR	464288729	-236,398	-$41.5M	+$620,330
ADD	SELECT SECTOR SPDR TR	81369Y886	+523,153	+$22.3M	-$24.6M
REDUCE	ISHARES INC	46434G764	-125,172	-$9.1M	+$10.5M
REDUCE	FIDELITY COVINGTON TRUST	316092808	-28,233	-$6.3M	-$5.2M
REDUCE	VANGUARD INDEX FDS	922908744	-30,209	-$5.8M	+$8.2M
REDUCE	ISHARES TR	464288760	-24,442	-$5.2M	+$133,969
EXITED	GE AEROSPACE	369604301	-15,972	-$4.8M	$0
REDUCE	MICROSOFT CORP	MSFT	-8,314	-$4.0M	-$1.9M

Sector Allocation

Technology

3.5%$119.7M

Financials

2.6%$87.2M

Healthcare

1.5%$51.1M

Consumer Discretionary

0.8%$28.9M

Consumer Staples

0.8%$26.3M

Industrials

0.4%$13.2M

Communication Services

0.4%$12.5M

0.4%$12.5M

0.3%$9.3M

0.1%$4.2M

0.0%$1.7M

Filing History

Feb 3, 202613F HOLDINGS REPORTQ/E Dec 2025174 pos · $3.40B
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 2025204 pos · $3.51B
Aug 6, 202513F HOLDINGS REPORTQ/E Jun 2025212 pos · $4.05B
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 2025223 pos · $4.13B
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 2024219 pos · $4.41B
Nov 8, 202413F HOLDINGS REPORTQ/E Sep 2024225 pos · $4.66B
Jul 30, 202413F HOLDINGS REPORTQ/E Jun 2024209 pos · $4.51B
May 9, 202413F HOLDINGS REPORTQ/E Mar 2024213 pos · $4.66B
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023202 pos · $4.48B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	46434V456	12,750,445	$579.5M	17.82%
2	JANUS DETROIT STR TR	47103U852	8,887,247	$406.1M	12.49%
3	VANGUARD INDEX FDS	922908744	1,662,254	$317.5M	9.76%
4	FIDELITY COVINGTON TRUST	316092808	1,333,956	$299.7M	9.22%
5	SPDR SERIES TRUST	78464A672	7,945,875	$229.2M	7.05%
6	SPDR SERIES TRUST	78468R101	7,109,860	$208.2M	6.40%
7	ISHARES INC	46434G764	2,706,117	$196.7M	6.05%
8	SPDR SERIES TRUST	78464A763	1,018,684	$141.8M	4.36%
9	ISHARES TR	464287325	1,284,224	$125.1M	3.85%
10	ISHARES TR	464288653	1,050,711	$106.8M	3.29%
11	GRANITESHARES GOLD TR	BAR	2,196,094	$93.3M	2.87%
12	SELECT SECTOR SPDR TR	81369Y852	670,089	$78.9M	2.43%
13	INVESCO EXCH TRADED FD TR II	IVZ	3,040,662	$70.5M	2.17%
14	SELECT SECTOR SPDR TR	81369Y308	704,141	$54.7M	1.68%
15	FIDELITY COVINGTON TRUST	316092204	484,039	$49.5M	1.52%
16	SELECT SECTOR SPDR TR	81369Y886	1,065,126	$45.5M	1.40%
17	NVIDIA CORPORATION	NVDA	174,783	$32.6M	1.00%
18	APPLE INC	AAPL	106,412	$28.9M	0.89%
19	MICROSOFT CORP	MSFT	48,249	$23.3M	0.72%
20	AMAZON COM INC	AMZN	66,685	$15.4M	0.47%