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Richard Bernstein Advisors LLC

CIK:0001528214
Investment Adviser
$5B AUM
212 holdings
New York, NY, US
Founded:2009
35 employees
rbadvisors.com
Latest filing:Jun 30, 2025

Richard Bernstein Advisors LLC (RBA) is a New York-based SEC-registered investment adviser founded in 2009 as a Delaware LLC. The firm is primarily owned by Richard Bernstein and iM Global Partner (iMGP). RBA specializes in longer-term, research-driven, macroeconomic investment strategies, with a focus on innovative solutions for individuals, institutions, and intermediaries such as broker-dealers and investment advisers. Led by Richard Bernstein, a renowned expert in style investing and asset allocation, the firm combines top-down macro research and quantitative portfolio construction. RBA primarily serves U.S. individuals and institutions through separately managed accounts, model portfolios, and wrap fee programs. Currently, RBA employs approximately 35 professionals.

Investment Strategy

Richard Bernstein Advisors LLC adopts a research-driven, top-down macroeconomic approach, focusing on long-term investment strategies and quantitatively-driven portfolio construction. Their philosophy leverages macro research starting with founder Richard Bernstein’s expertise in style investing and asset allocation. RBA provides discretionary investment advisory services via separately managed accounts (SMAs), often through intermediaries and wrap fee programs. Clients select strategies based on consultation, and may impose reasonable investment restrictions aligned with strategic objectives. The firm's competitive edge derives from a macro style of investing, targeting innovative solutions and actively managing client portfolios using deep macroeconomic and quantitative insights.

Latest 13F Filing Activity

Richard Bernstein Advisors LLC filed their most recent 13F report on Jun 30, 2025 disclosing 211 equity positions with a total 13F market value of $4B. The fund increased holdings in SPDR Series Trust, Ishares TR, Select Sector SPDR TR among other positions. Richard Bernstein Advisors LLC reduced exposure to SPDR Series Trust, Ishares Inc., SPDR Series Trust among others.

Top Buys
S
SPTISPDR SERIES TRUST
+$237.3M
I
IQLTISHARES TR
+$116.9M
X
XLPSELECT SECTOR SPDR TR
+$60.3M
X
XLUSELECT SECTOR SPDR TR
+$45.5M
F
FTECFIDELITY COVINGTON TRUST
+$37.2M
Top Sells
S
SPTSSPDR SERIES TRUST
-$154.2M
E
EMXCISHARES INC
-$103.6M
S
SPSMSPDR SERIES TRUST
-$68.5M
J
JBBBJANUS DETROIT STR TR
-$64.9M
I
IVOLKRANESHARES TRUST
-$60.9M

Top Holdings

J
JMBSJANUS DETROIT STR TR
+11.4%$462.9M
I
IQLTISHARES TR
+9.7%$394.8M
V
VTVVANGUARD INDEX FDS
+7.6%$308.9M
F
FTECFIDELITY COVINGTON TRUST
+6.8%$277.4M
S
SPTISPDR SERIES TRUST
+5.9%$237.3M

Equity Positions (211)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
J
JMBS
JANUS DETROIT STR TR11.42%$462.9M10,274,977$45.39$45.05+$30.1M
I
IQLT
ISHARES TR9.74%$394.8M9,134,121$38.65$43.22+$116.9M
V
VTV
VANGUARD INDEX FDS7.62%$308.9M1,747,771$151.98$176.74-$5.8M
F
FTEC
FIDELITY COVINGTON TRUST6.84%$277.4M1,406,475$174.50$197.22+$37.2M
S
SPTI
SPDR SERIES TRUST5.86%$237.3M8,248,164$28.77$28.77+$237.3M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+2.4%
COMMODITY CONTRACTS BROKERS & DEALERS
+2.2%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+1.8%
SERVICES-PREPACKAGED SOFTWARE
+1.8%
ELECTRONIC COMPUTERS
+1.3%

Investment Team (5)

NameRoleLocationLinkedIn
M
Matthew Poterba		Senior AnalystCA , United States
Michael Contopoulos
Michael Contopoulos		Deputy Chief Investment OfficerNew York, NY , United States
D
Dan Suzuki		Deputy Chief Investment OfficerRye, NY , United States
Malvika Dhingra
Malvika Dhingra		Portfolio AnalystNew York, NY , United States
Richard Bernstein
Richard Bernstein		CEO and Chief Investment OfficerNew York, NY , United States