CIK: 0002109295
Total reported value
$108.8M
Reporting period: 2026-03-31 · Number of holdings: 52
Dougherty & Associates, LLC disclosed 52 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $108.8M and a quarterly turnover rate of 10.0%.
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Dougherty & Associates, LLC's disclosed holdings carry a Herfindahl concentration index of 0.050 — mathematically equivalent to about 20 equally-sized positions, well below its 52 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.28), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 44% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim NVDA
-9.9% -$2.3M
Add PFXF
+6.4% $483.7K
Add VPU
+11.9% $467.9K
Trim GOOGL
-1.6% -$664.1K
Add ANGL
+18.0% $340.4K
Add MSFT
+43.0% $295.3K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 11.47% | -1.77% | -9.89% | |
| 2 | RCL | Royal Caribbean Cruises Ltd. | Stock-Consumer Disc | 9.34% | -0.34% | -4.81% | |
| 3 | PFXF | Vaneck Pref Sec X-financials | ETF-Other | 8.26% | +0.66% | +6.41% | |
| 4 | VGT | Vanguard Info Tech ETF | ETF-Tech | 6.55% | +0.15% | +7.54% | |
| 5 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 6.12% | -0.02% | +1.76% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 5.76% | -0.44% | -1.58% | |
| 7 | AAPL | Apple INC | Stock-Tech | 3.64% | -0.21% | -1.26% | |
| 8 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.18% | +0.04% | +9.40% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 3.14% | +0.35% | +43.02% | |
| 10 | VPU | Vanguard Utilities ETF | ETF-Other | 2.60% | +0.49% | +11.92% | |
| 11 | ANGL | Vaneck Fallen Angel High Yld | ETF-Other | 2.34% | +0.37% | +18.01% | |
| 12 | DUK | Duke Energy CORP | Stock-Utilities | 2.28% | +0.32% | +1.42% | |
| 13 | PGR | Progressive CORP | Stock-Financials | 2.26% | — | +14.21% | |
| 14 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 2.23% | -0.06% | +1.07% | |
| 15 | PANW | Palo Alto Networks INC | Stock-Tech | 2.09% | -0.06% | +8.88% | |
| 16 | ED | Consolidated Edison INC | Stock-Utilities | 2.07% | +0.31% | +0.74% | |
| 17 | MAR | Marriott International -cl A | Stock-Consumer Disc | 2.02% | +0.12% | -1.59% | |
| 18 | GE | General Electric | Stock-Industrials | 2.01% | -0.22% | -4.58% | |
| 19 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.01% | +0.15% | +21.24% | |
| 20 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 1.59% | -0.11% | +16.10% | |
| 21 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.32% | -0.08% | +0.02% | |
| 22 | V | Visa Inc-class A Shares | Stock-Financials | 1.28% | -0.11% | +3.87% | |
| 23 | SO | Southern Co/the | Stock-Utilities | 1.12% | +0.19% | +5.71% | |
| 24 | NVT | nVent Electric plc | Stock-Industrials | 1.02% | +0.14% | -2.87% | |
| 25 | GD | General Dynamics CORP | Stock-Industrials | 0.94% | — | — | |
| 26 | TMO | Thermo Fisher Scientific INC | Stock-Healthcare | 0.92% | -0.19% | -4.96% | |
| 27 | WM | Waste Management INC | Stock-Industrials | 0.90% | +0.04% | -2.08% | |
| 28 | HE | Hawaiian Electric Inds | Stock-Utilities | 0.90% | +0.22% | +7.12% | |
| 29 | HD | Home Depot INC | Stock-Consumer Disc | 0.83% | -0.20% | -18.70% | |
| 30 | UBER | Uber Technologies INC | Stock-Industrials | 0.69% | +0.22% | +63.03% | |
| 31 | VIK | Viking Holdings Ltd | Stock-Consumer Disc | 0.67% | +0.13% | +17.27% | |
| 32 | VHT | Vanguard Health Care ETF | ETF-Other | 0.67% | -0.04% | -3.47% | |
| 33 | WMT | Walmart INC | Stock-Consumer Staples | 0.63% | +0.05% | -5.61% | |
| 34 | MMM | 3m Co | Stock-Industrials | 0.56% | -0.04% | — | |
| 35 | WEC | Wec Energy Group INC | Stock-Utilities | 0.55% | +0.05% | -1.71% | |
| 36 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.52% | -0.03% | -2.74% | |
| 37 | HCA | Hca Healthcare INC | Stock-Healthcare | 0.51% | +0.04% | +4.57% | |
| 38 | EIX | Edison International | Stock-Utilities | 0.46% | +0.15% | +20.12% | |
| 39 | DTE | Dte Energy Company | Stock-Utilities | 0.44% | +0.07% | +0.84% | |
| 40 | ETR | Entergy CORP | Stock-Utilities | 0.44% | +0.12% | +7.63% | |
| 41 | BA | Boeing Co/the | Stock-Industrials | 0.40% | -0.03% | — | |
| 42 | DTM | Dt Midstream INC | Stock-Energy | 0.39% | +0.06% | +0.71% | |
| 43 | NEE | Nextera Energy INC | Stock-Utilities | 0.38% | +0.06% | +0.02% | |
| 44 | XOM | Exxon Mobil CORP | Stock-Energy | 0.37% | +0.12% | — | |
| 45 | APLE | Apple Hospitality Reit INC | Stock-Real Estate | 0.34% | -0.03% | -7.82% | |
| 46 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.29% | -0.05% | -2.83% | |
| 47 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.29% | — | — | |
| 48 | GLD | Spdr Gold Shares | ETF-Commodities | 0.27% | +0.03% | — | |
| 49 | AEP | American Electric Power | Stock-Utilities | 0.25% | +0.03% | +0.09% | |
| 50 | VCLT | Vanguard Long-term CORP Bond | ETF-Corp Bonds | 0.25% | — | +0.08% |
Performance for Q3 2026
+0.8%
Performance Last 4 Quarters
+7.8%
Based on 5 months of available history
Based on 68% of reported portfolio value with available pricing
Dougherty & Associates, LLC's most significant position changes for 2026-03-31: Sold out: Vanguard Small-cap Grwth ETF (VBK); Sold out: Oracle CORP (ORCL); Sold out: Tesla INC (TSLA); Sold out: Procter & Gamble Co/the (PG); Trim: Nvidia CORP (NVDA) — shares -9.89%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | PFXF | Vaneck Pref Sec X-financials | +0.7% | +6.41% | Add |
| 2 | VPU | Vanguard Utilities ETF | +0.5% | +11.92% | Add |
| 3 | ANGL | Vaneck Fallen Angel High Yld | +0.4% | +18.01% | Add |
| 4 | MSFT | Microsoft CORP | +0.4% | +43.02% | Add |
| 5 | DUK | Duke Energy CORP | +0.3% | +1.42% | Add |
| 6 | ED | Consolidated Edison INC | +0.3% | +0.74% | Add |
| 7 | UBER | Uber Technologies INC | +0.2% | +63.03% | Add |
| 8 | HE | Hawaiian Electric Inds | +0.2% | +7.12% | Add |
| 9 | SO | Southern Co/the | +0.2% | +5.71% | Add |
| 10 | EIX | Edison International | +0.2% | +20.12% | Add |
| 11 | META | Meta Platforms Inc-class A | +0.2% | +21.24% | Add |
| 12 | VGT | Vanguard Info Tech ETF | +0.2% | +7.54% | Add |
| 13 | NVT | nVent Electric plc | +0.1% | -2.87% | Trim |
| 14 | VIK | Viking Holdings Ltd | +0.1% | +17.27% | Add |
| 15 | XOM | Exxon Mobil CORP | +0.1% | — | Unchanged |
| 16 | ETR | Entergy CORP | +0.1% | +7.63% | Add |
| 17 | MAR | Marriott International -cl A | +0.1% | -1.59% | Trim |
| 18 | DTE | Dte Energy Company | +0.1% | +0.84% | Add |
| 19 | NEE | Nextera Energy INC | +0.1% | +0.02% | Add |
| 20 | DTM | Dt Midstream INC | +0.1% | +0.71% | Add |
| 21 | WEC | Wec Energy Group INC | +0.1% | -1.71% | Trim |
| 22 | WMT | Walmart INC | +0.1% | -5.61% | Trim |
| 23 | AMZN | Amazon.com INC | 0% | +9.40% | Add |
| 24 | HCA | Hca Healthcare INC | 0% | +4.57% | Add |
| 25 | WM | Waste Management INC | 0% | -2.08% | Trim |
| 26 | AEP | American Electric Power | 0% | +0.09% | Add |
| 27 | GLD | Spdr Gold Shares | 0% | — | Unchanged |
| 28 | VOO | Vanguard S&p 500 ETF | 0% | +1.76% | Add |
| 29 | APLE | Apple Hospitality Reit INC | 0% | -7.82% | Trim |
| 30 | VTI | Vanguard Total Stock Mkt ETF | 0% | -2.74% | Trim |
| 31 | BA | Boeing Co/the | 0% | — | Unchanged |
| 32 | VHT | Vanguard Health Care ETF | 0% | -3.47% | Trim |
| 33 | MMM | 3m Co | 0% | — | Unchanged |
| 34 | LLY | Eli Lilly & Co | -0.1% | -2.83% | Trim |
| 35 | QQQM | Invesco Nasdaq 100 ETF | -0.1% | +1.07% | Add |
| 36 | PANW | Palo Alto Networks INC | -0.1% | +8.88% | Add |
| 37 | GOOG | Alphabet Inc-cl C | -0.1% | +0.02% | Add |
| 38 | BKNG | Booking Holdings INC | -0.1% | +16.10% | Add |
| 39 | V | Visa Inc-class A Shares | -0.1% | +3.87% | Add |
| 40 | TMO | Thermo Fisher Scientific INC | -0.2% | -4.96% | Trim |
| 41 | HD | Home Depot INC | -0.2% | -18.70% | Trim |
| 42 | AAPL | Apple INC | -0.2% | -1.26% | Trim |
| 43 | GE | General Electric | -0.2% | -4.58% | Trim |
| 44 | RCL | Royal Caribbean Cruises Ltd. | -0.3% | -4.81% | Trim |
| 45 | GOOGL | Alphabet Inc-cl A | -0.4% | -1.58% | Trim |
| 46 | NVDA | Nvidia CORP | -1.8% | -9.89% | Trim |
| 47 | VBK | Vanguard Small-cap Grwth ETF | — | EXIT | Sold out |
| 48 | ORCL | Oracle CORP | — | EXIT | Sold out |
| 49 | TSLA | Tesla INC | — | EXIT | Sold out |
| 50 | PG | Procter & Gamble Co/the | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-21 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | 13F-HR | View on EDGAR |
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