D&
Durante & Waters, LLC 13F Filing (Q2 2026) — Top Positions & Stock Picks
Durante & Waters, LLCCIK: 0001666582
Momentum followerSector-focusedQuality / disciplined sizing
Total reported value
$152.6M
Reporting period: 2026-06-30 · Number of holdings: 31
DURANTE & WATERS, LLC disclosed 31 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $152.6M and a quarterly turnover rate of 11.5%.
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Personality snowflake
- Concentration
- 50.74
- Portfolio Stability
- 11.54
- Momentum
- 100
- Sector conviction
- 82.42
- Diversification
- 62
- Sizing Uniformity
- 82.59
Durante & Waters, LLC's disclosed holdings carry a Herfindahl concentration index of 0.127 — mathematically equivalent to about 8 equally-sized positions, well below its 31 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 1.74), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 4.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 7% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd FENI
+29.4% $5.5M
Trim IVV
-6.5% $2.6M
Trim IVE
-49.9% -$751.4K
Trim ITOT
-6.2% $2.1M
Trim MUB
+1.1% $102.2K
Trim BRK-A
0.0% $215.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 25.03% | -0.77% | -6.53% | |
| 2 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 18.39% | -0.39% | -6.23% | |
| 3 | FENI | Fidelity Enhanced Intl ETF | ETF-Other | 12.81% | +2.67% | +29.40% | |
| 4 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 5.88% | -0.10% | +8.91% | |
| 5 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 5.42% | +0.02% | +11.56% | |
| 6 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 4.24% | -0.05% | -5.40% | |
| 7 | SUB | Ishares Short-term National | ETF-Other | 3.97% | -0.10% | +7.75% | |
| 8 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 3.43% | -0.21% | — | |
| 9 | MUB | Ishares National Muni Bond E | ETF-Other | 2.76% | -0.22% | +1.09% | |
| 10 | IQLT | Ishares Msci International Q | ETF-Other | 2.37% | -0.06% | +0.58% | |
| 11 | NYF | Ishares New York Muni Bond E | ETF-Other | 2.14% | -0.06% | +5.53% | |
| 12 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.67% | +0.16% | -1.72% | |
| 13 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 1.53% | -0.02% | -0.93% | |
| 14 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.06% | +0.02% | -2.00% | |
| 15 | AAPL | Apple Inc | Stock-Tech | 1.05% | +0.02% | -1.42% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.01% | -0.06% | — | |
| 17 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.85% | — | -2.69% | |
| 18 | NVDA | Nvidia CORP | Stock-Tech | 0.82% | +0.01% | -1.88% | |
| 19 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.76% | +0.08% | — | |
| 20 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.75% | +0.07% | — | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.62% | +0.02% | -10.11% | |
| 22 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.58% | -0.60% | -49.88% | |
| 23 | SLV | Ishares Silver Trust | ETF-Commodities | 0.46% | -0.18% | — | |
| 24 | GLD | Spdr Gold Shares | ETF-Commodities | 0.38% | -0.11% | — | |
| 25 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.37% | +0.05% | +0.11% | |
| 26 | IAU | Ishares Gold Trust | ETF-Commodities | 0.37% | -0.10% | — | |
| 27 | MA | Mastercard Inc - A | Stock-Financials | 0.34% | -0.03% | — | |
| 28 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.31% | -0.05% | — | |
| 29 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.26% | -0.01% | -0.48% | |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.20% | +0.01% | — | |
| 31 | V | Visa Inc-class A Shares | Stock-Financials | 0.18% | — | — |
Portfolio Performance
Performance for Q3 2026
+1.2%
Performance Last 4 Quarters
+17.8%
- Stdev
- +9.7%
- Beta
- +0.79
- Alpha
- +0.7%
- Max Drawdown
- -6.2%
- Annualized Perf
- +15.9%
- Batting Avg vs S&P
- +36.7%
- Sortino
- +3.08
- Stutzer
- +0.46
- Treynor
- +0.19
- Sterling
- +1.02
- Calmar
- +2.56
- Information Ratio
- -1.03
- Tracking Error
- +3.1%
- Stdev Down
- +5%
- Winning Months %
- +70%
- Losing Months %
- +30%
- Best 12 Months
- +26.6%
- Worst 12 Months
- +6.7%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.58
- Stdev Sectors
- +12.2%
- Skewness
- -0.2
- Kurtosis
- +0.22
- Upside Potential
- +4.59
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Durante & Waters, LLC's most significant position changes for 2026-06-30: Add: Fidelity Enhanced Intl ETF (FENI) — shares +29.40%; Trim: Ishares Core S&p 500 ETF (IVV) — shares -6.53%; Trim: Ishares S&p 500 Value ETF (IVE) — shares -49.88%; Trim: Ishares Core S&p Total U.s. (ITOT) — shares -6.23%; Add: Ishares National Muni Bond E (MUB) — shares +1.09%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | FENI | Fidelity Enhanced Intl ETF | +2.7% | +29.40% | Add |
| 2 | GOOGL | Alphabet Inc-cl A | +0.2% | -1.72% | Trim |
| 3 | GOOG | Alphabet Inc-cl C | +0.1% | — | Unchanged |
| 4 | IVW | Ishares S&p 500 Growth ETF | +0.1% | — | Unchanged |
| 5 | QQQM | Invesco Nasdaq 100 ETF | +0.1% | +0.11% | Add |
| 6 | SHY | Ishares 1-3 Year Treasury Bo | 0% | +11.56% | Add |
| 7 | AAPL | Apple Inc | 0% | -1.42% | Trim |
| 8 | AMZN | Amazon.com Inc | 0% | -2.00% | Trim |
| 9 | QQQ | Invesco Qqq Trust Series 1 | 0% | -10.11% | Trim |
| 10 | NVDA | Nvidia CORP | 0% | -1.88% | Trim |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 12 | TSLA | Tesla Inc | — | -2.69% | Trim |
| 13 | V | Visa Inc-class A Shares | — | — | Unchanged |
| 14 | UPS | United Parcel Service-cl B | 0% | -0.48% | Trim |
| 15 | VIG | Vanguard Dividend Apprec ETF | 0% | -0.93% | Trim |
| 16 | MA | Mastercard Inc - A | 0% | — | Unchanged |
| 17 | VTI | Vanguard Total Stock Mkt ETF | -0.1% | -5.40% | Trim |
| 18 | TJX | Tjx Companies Inc | -0.1% | — | Unchanged |
| 19 | IQLT | Ishares Msci International Q | -0.1% | +0.58% | Add |
| 20 | NYF | Ishares New York Muni Bond E | -0.1% | +5.53% | Add |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | — | Unchanged |
| 22 | AGG | Ishares Core U.s. Aggregate | -0.1% | +8.91% | Add |
| 23 | SUB | Ishares Short-term National | -0.1% | +7.75% | Add |
| 24 | IAU | Ishares Gold Trust | -0.1% | — | Unchanged |
| 25 | GLD | Spdr Gold Shares | -0.1% | — | Unchanged |
| 26 | SLV | Ishares Silver Trust | -0.2% | — | Unchanged |
| 27 | BRK-A | Berkshire Hathaway Inc-cl A | -0.2% | — | Unchanged |
| 28 | MUB | Ishares National Muni Bond E | -0.2% | +1.09% | Add |
| 29 | ITOT | Ishares Core S&p Total U.s. | -0.4% | -6.23% | Trim |
| 30 | IVE | Ishares S&p 500 Value ETF | -0.6% | -49.88% | Trim |
| 31 | IVV | Ishares Core S&p 500 ETF | -0.8% | -6.53% | Trim |
Filing History
FAQ
What is Durante & Waters, LLC and what type of investor is it?
Durante & Waters, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $152.6M, spread across 31 disclosed positions.
What are Durante & Waters, LLC's largest equity positions?
Based on the latest 13F filing, Durante & Waters, LLC's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $38.2M (25.0%)
2. Ishares Core S&p Total U.s. (ITOT) — $28.1M (18.4%)
3. Fidelity Enhanced Intl ETF (FENI) — $19.6M (12.8%)
4. Ishares Core U.s. Aggregate (AGG) — $9.0M (5.9%)
5. Ishares 1-3 Year Treasury Bo (SHY) — $8.3M (5.4%)
What changes did Durante & Waters, LLC make in its most recent portfolio filing?
In the latest reported quarter, Durante & Waters, LLC made 20 notable position adjustments: 0 new positions were initiated, 8 existing holdings were added to, 12 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Fidelity Enhanced Intl ETF (FENI) — shares +29.40%; Trim: Ishares Core S&p 500 ETF (IVV) — shares -6.53%; Trim: Ishares S&p 500 Value ETF (IVE) — shares -49.88%; Trim: Ishares Core S&p Total U.s. (ITOT) — shares -6.23%; Add: Ishares National Muni Bond E (MUB) — shares +1.09%
What sectors does Durante & Waters, LLC focus on?
Durante & Waters, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Communication Services: 33.2%
• Consumer Discretionary: 30.3%
• Information Technology: 25.7%
• Financials: 7.2%
• Industrials: 3.6%
Investment Profile
Durante & Waters, LLC returned an annualized 15.9% over the trailing 30 months — outperforming the S&P 500 by 0.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.79 (less volatile than the market) and a 37% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 33.2% of the portfolio concentrated in Communication Services.
It has added to its FENI position over the past two quarters (+$5.8M, now $19.6M), while trimming IVE over the same stretch (-$891.0K, still holding $878.5K).
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