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Livermore
Livermore
ZHEN

Dougherty Wealth Advisers LLC

SEC CIK
0001755933
Latest filing
Jul 22, 2026

The latest 13F from Dougherty Wealth Advisers LLC covers Q2 2026 (filed Jul 22, 2026): 109 long positions worth $182.6M. The top 10 holdings make up 84.1% of the portfolio, and the largest is Vanguard Morningstar Value ETF at 25.3%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
8
Est. +$2.60M
Added
11
Est. +$8.00M
Reduced
9
Est. −$6.72M
Sold out
6
Est. −$503.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Value ETF922908744
    25.3%$46.2M
  2. Vanguard Morningstar Growth ETF922908736
    21.6%$39.4M
  3. Vanguard Morningstar Mid-Cap Value ETF922908512
    10.3%$18.8M
  4. Vanguard Admiral FDS Inc921932794
    8.5%$15.4M
  5. Vanguard Ftse Emerging Markets ETF922042858
    5.9%$10.8M

Biggest buys

New and added positions, by estimated amount bought

  1. Listed FDS Tr53656G498
    +$2.07MNew
  2. Vanguard Morningstar Growth ETF922908736
    +$1.99MAddedConverted for a 6-for-1 split
  3. Vanguard Morningstar Value ETF922908744
    +$1.95MAdded
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +$1.09MAdded
  5. Vanguard Morningstar Mid-Cap Value ETF922908512
    +$802.7KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard Morningstar Growth ETF922908736
    +1.53 pp20.1% → 21.6%
  2. Listed FDS Tr53656G498
    +1.13 pp0.0% → 1.1%
  3. Vanguard Admiral FDS Inc921932794
    +0.92 pp7.5% → 8.5%
  4. Vanguard Morningstar Total Stock Market ETF922908769
    +0.59 pp<0.1% → 0.6%
  5. Global X FDS37954Y236
    +0.22 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Invesco QQQ Trust Series I46090E103
    −$6.60MReduced
  2. BWBBridgewater Bancshares Inc
    −$442.5KSold outHistory
  3. iShares S&P 100 ETF464287101
    −$66.2KReduced
  4. MDTMedtronic plc
    −$43.3KSold outHistory
  5. iShares Russell Mid-Cap Value ETF464287473
    −$15.1KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Invesco QQQ Trust Series I46090E103
    −3.27 pp3.4% → 0.1%
  2. BWBBridgewater Bancshares Inc
    −0.28 pp0.3% → 0.0%History
  3. iShares S&P 100 ETF464287101
    −0.04 pp1.0% → 1.0%
  4. MDTMedtronic plc
    −0.03 pp<0.1% → 0.0%History
  5. BRK.BBerkshire Hathaway Inc
    −0.03 pp0.2% → 0.2%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$182.6M
+$24.9M (+15.8%) vs. prior quarter
Positions
109
+2 vs. prior quarter
Top 10 concentration
84.1%
Top 10 as share of value
Turnover
4.2%
Q2 2026, one quarter
Average holding period
19.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $182.6M (Q2 2026)

Q1 2021: $66.3MQ2 2021: $67.7MQ3 2021: $67.2MQ4 2021: $71.6MQ1 2022: $66.3MQ2 2022: $53.6MQ3 2022: $50.6MQ4 2022: $60.9MQ1 2023: $66.2MQ2 2023: $72.9MQ3 2023: $86.4MQ4 2023: $108.8MQ1 2024: $113.0MQ2 2024: $114.4MQ3 2024: $125.9MQ4 2024: $129.0MQ1 2025: $135.3MQ2 2025: $150.6MQ3 2025: $155.2MQ4 2025: $176.9MQ1 2026: $157.6MQ2 2026: $182.6M
Q1 2021Q2 2026
13F filings of Dougherty Wealth Advisers LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 2026109$182.6MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFvs. Q1 2026SEC
Q1 2026Apr 21, 2026107$157.6MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFvs. Q4 2025SEC
Q4 2025Jan 29, 2026118$176.9MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFvs. Q3 2025SEC
Q3 2025Oct 14, 2025112$155.2MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q2 2025SEC
Q2 2025Jul 22, 2025110$150.6MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q1 2025SEC
Q1 2025Apr 25, 2025110$135.3MVanguard Morningstar Value ETFVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFvs. Q4 2024SEC
Q4 2024Jan 24, 2025109$129.0MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q3 2024SEC
Q3 2024Oct 30, 2024109$125.9MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q2 2024SEC
Q2 2024Jul 11, 2024110$114.4MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q1 2024SEC
Q1 2024Apr 26, 2024110$113.0MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q4 2023SEC
Q4 2023Jan 22, 2024128$108.8MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q3 2023SEC
Q3 2023Oct 25, 2023126$86.4MVanguard Morningstar Growth ETFVanguard Morningstar Value ETFVanguard Morningstar Mid-Cap Value ETFvs. Q2 2023SEC
Q2 2023Aug 3, 2023125$72.9MVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFVanguard Admiral FDS Incvs. Q1 2023SEC
Q1 2023Apr 14, 2023132$66.2MVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFVanguard Admiral FDS Incvs. Q4 2022SEC
Q4 2022Jan 19, 2023131$60.9MVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFVanguard Admiral FDS Incvs. Q3 2022SEC
Q3 2022Oct 13, 2022138$50.6MVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFVanguard Admiral FDS Incvs. Q2 2022SEC
Q2 2022Jul 19, 2022126$53.6MVanguard Morningstar Growth ETFVanguard Morningstar Mid-Cap Value ETFVanguard Admiral FDS Incvs. Q1 2022SEC
Q1 2022Apr 29, 2022128$66.3MVanguard Morningstar Growth ETFiShares TrVanguard Morningstar Mid-Cap Value ETFvs. Q4 2021SEC
Q4 2021Jan 27, 2022137$71.6MVanguard Morningstar Growth ETFiShares TrVanguard Morningstar Mid-Cap Value ETFvs. Q3 2021SEC
Q3 2021Nov 2, 2021149$67.2MVanguard Morningstar Growth ETFiShares TrVanguard Morningstar Mid-Cap Value ETFvs. Q2 2021SEC
Q2 2021Aug 5, 2021138$67.7MVanguard Morningstar Growth ETFiShares TrVanguard Morningstar Mid-Cap Value ETFvs. Q1 2021SEC
Q1 2021May 6, 2021134$66.3MVanguard Morningstar Growth ETFiShares TrVanguard Morningstar Mid-Cap Value ETF–SEC