SEC Filing Analysis: Leonard Rickey Investment Advisors P.L.L.C.

Executive Summary

• Trading Significance: Low
• Key Takeaway: Leonard Rickey Investment Advisors P.L.L.C. has filed its quarterly Form 13F-HR, disclosing $531.07 million in assets under management across 117 holdings for the period ending September 30, 2025.
• Market Impact: Neutral. This is a routine, backward-looking disclosure and is not expected to have a significant impact on the market.

Filer Information

Field	Value
Company	Leonard Rickey Investment Advisors P.L.L.C.
CIK	0001731447
Type	Institutional Investment Manager

Filing Summary

This Form 13F-HR is a mandatory quarterly report filed by institutional investment managers with at least $100 million in assets under management. It provides a snapshot of the firm's holdings at the end of the quarter.

Field	Value
Form Type	13F-HR
Filing Date	2025-10-14
Period of Report	2025-09-30
Total Portfolio Value	$531,069,110
Total Number of Holdings	117

Portfolio Highlights

The portfolio is heavily weighted towards exchange-traded funds (ETFs), indicating a strategy focused on broad market diversification. Large-cap stocks are also prominent.

Top 5 Holdings by Value:

1. ISHARES TR CORE S&P MCP ETF (CUSIP: 464287507): $74,340,748
2. SCHWAB STRATEGIC TR FUNDAMENTAL US L (CUSIP: 808524771): $37,997,026
3. VANGUARD INDEX FDS TOTAL STK MKT (CUSIP: 922908769): $36,825,253
4. DIMENSIONAL ETF TRUST US CORE EQUITY 2 (CUSIP: 25434V708): $35,430,841
5. VANGUARD INTL EQUITY INDEX F ALLWRLD EX US (CUSIP: 922042775): $33,874,188

Investment Insights

Portfolio Strategy

• The significant allocation to various ETFs (total stock market, S&P mid-cap, international, and bond funds) suggests a core strategy built on diversification and passive investing principles.
• Individual stock holdings are concentrated in well-established, mega-cap companies such as Microsoft ($7.57M), Amazon ($4.53M), and Apple ($2.74M), reflecting a preference for stable, blue-chip equities.

Key Takeaways

1. ETF Dominance: The largest positions are in broad-market and factor-based ETFs, which form the foundation of the portfolio.
2. Large-Cap Focus: Individual stock selections are primarily in the technology, consumer discretionary, and healthcare sectors, with a focus on industry leaders.
3. Diversified Approach: The portfolio includes a mix of domestic and international equities, as well as fixed-income assets, indicating a balanced and globally diversified investment approach.

Contextual Analysis

Timing Significance

This filing reflects positions held as of September 30, 2025. It is a historical snapshot and does not represent current holdings or recent trading activity. Its primary utility is for understanding the manager's investment philosophy and positioning at that point in time.

Company Context

Leonard Rickey Investment Advisors P.L.L.C. is a registered investment advisor based in Yakima, WA. This filing is part of its regular disclosure requirements to the SEC.

Risk Assessment

Risk Level: Low

Filing-Related Risks

• The information is dated and may not reflect the current portfolio.
• 13F filings do not disclose short positions, cash holdings, or certain other asset types, providing an incomplete picture of the firm's overall strategy.

Market Considerations

• The portfolio's heavy concentration in broad market ETFs means its performance is likely to be highly correlated with the overall market (e.g., S&P 500).
• The substantial holdings in fixed-income and bond ETFs provide a defensive component to the portfolio.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-14 | Data source: SEC EDGAR