# Dougherty & Associates, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2109295. Source: https://holderbook.com/funds/2109295-dougherty-associates-llc/

- Reported value: $125.0M
- Positions: 52
- Weight of the ten largest: 61.4%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $13.8M | 68,937 | 11.0% | 3 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $11.7M | 36,985 | 9.4% | 3 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $10.0M | 83,721 | 8.0% | 3 |
| VANECK ETF TRUST | [PFXF](https://holderbook.com/stocks/PFXF/) | $9.1M | 509,426 | 7.3% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.8M | 21,852 | 6.2% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $7.7M | 11,246 | 6.2% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $4.9M | 14,255 | 3.9% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.5M | 15,666 | 3.6% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.0M | 16,815 | 3.2% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.1M | 8,365 | 2.5% | 3 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $3.0M | 9,814 | 2.4% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $2.9M | 7,810 | 2.3% | 3 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $2.9M | 14,896 | 2.3% | 3 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $2.7M | 12,444 | 2.2% | 3 |
| VANECK ETF TRUST | [ANGL](https://holderbook.com/stocks/ANGL/) | $2.7M | 92,266 | 2.2% | 3 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $2.5M | 6,680 | 2.0% | 3 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $2.5M | 19,358 | 2.0% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.4M | 4,303 | 1.9% | 3 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $2.2M | 20,312 | 1.8% | 3 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $2.0M | 11,156 | 1.6% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.7M | 4,926 | 1.4% | 3 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $1.6M | 9,316 | 1.3% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 4,504 | 1.2% | 3 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.3M | 13,312 | 1.0% | 3 |
| VIKING HOLDINGS LTD | [VIK](https://holderbook.com/stocks/VIK/) | $1.2M | 11,066 | 0.9% | 3 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.1M | 2,991 | 0.8% | 3 |
| HAWAIIAN ELEC INDS INC MTN B | [HE](https://holderbook.com/stocks/HE/) | $972.2K | 71,855 | 0.8% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $970.2K | 1,935 | 0.8% | 3 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $959.0K | 4,302 | 0.8% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $913.0K | 2,588 | 0.7% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $847.7K | 11,747 | 0.7% | 3 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $730.5K | 2,442 | 0.6% | 3 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $679.5K | 4,197 | 0.5% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $608.4K | 5,371 | 0.5% | 3 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $587.7K | 5,032 | 0.5% | 3 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $585.6K | 1,582 | 0.5% | 3 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $555.5K | 7,460 | 0.4% | 3 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $550.2K | 1,411 | 0.4% | 3 |
| APPLE HOSPITALITY REIT INC | [APLE](https://holderbook.com/stocks/APLE/) | $544.1K | 32,370 | 0.4% | 3 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $499.2K | 3,276 | 0.4% | 3 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $484.7K | 4,220 | 0.4% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $476.0K | 2,199 | 0.4% | 3 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $463.9K | 3,161 | 0.4% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $387.4K | 323 | 0.3% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $387.3K | 4,412 | 0.3% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $358.4K | 480 | 0.3% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $320.5K | 2,344 | 0.3% | 3 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $289.4K | 2,115 | 0.2% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $272.6K | 3,622 | 0.2% | 3 |
| FIRSTENERGY CORP | [FE](https://holderbook.com/stocks/FE/) | $248.2K | 5,221 | 0.2% | 3 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $226.2K | 2,817 | 0.2% | 3 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $203.0K | 388 | 0.2% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.6% | +14.8% | -0.2% | 100% |
| Q1 2026 | -4.2% | -4.6% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $125.0M | 52 |
| Q1 2026 | $108.8M | 52 |
| Q4 2025 | $111.9M | 56 |