Dougherty & Associates, LLC

Spring Hill, FL · CIK 2109295 · 13F filing filed 2026-04-21

SEC-registered investment adviser since 2025 · limited liability company

Assets managed$141.1m
Staff4 · 4 in investment roles
Main clients (by assets)Individuals 55%, High net worth individuals 44%
Websitedoughertyinvestments.com
Form ADV · 2026-04-10SEC adviser record

$108.8m reported value -2.7% vs Q4 2025

52positions

60.1%in top 10

0 new 28 added 18 reduced 4 sold out vs Q4 2025

Holdings, Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	71,575	$12.5m11.47%	11.47%	Reduced -7.9k	-7,859 -9.9%
2	ROYAL CARIBBEAN GROUP COM RCL	RCL	36,949	$10.2m9.34%	9.34%	Reduced -1.9k	-1,867 -4.8%
3	VANECK ETF TRUST PREFERRED SECURT PFXF	PFXF	512,478	$9.0m8.26%	8.26%	Added +30.9k	+30,869 6.4%
4	VANGUARD WORLD FD INF TECH ETF VGT	VGT	10,211	$7.1m6.55%	6.55%	Added +716	+716 7.5%
5	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	11,153	$6.7m6.12%	6.12%	Added +193	+193 1.8%
6	ALPHABET INC CAP STK CL A GOOGL	GOOGL	21,795	$6.3m5.76%	5.76%	Reduced -350	-350 -1.6%
7	APPLE INC COM AAPL	AAPL	15,627	$4.0m3.64%	3.64%	Reduced -200	-200 -1.3%
8	AMAZON COM INC COM AMZN	AMZN	16,639	$3.5m3.18%	3.18%	Added +1.4k	+1,430 9.4%
9	MICROSOFT CORP COM MSFT	MSFT	9,225	$3.4m3.14%	3.14%	Added +2.8k	+2,775 43.0%
10	VANGUARD WORLD FD UTILITIES ETF VPU	VPU	14,266	$2.8m2.60%	2.60%	Added +1.5k	+1,519 11.9%
11	VANECK ETF TRUST FALLEN ANGEL HG ANGL	ANGL	88,714	$2.5m2.34%	2.34%	Added +13.5k	+13,542 18.0%
12	DUKE ENERGY CORP NEW COM NEW DUK	DUK	18,951	$2.5m2.28%	2.28%	Added +266	+266 1.4%
13	PROGRESSIVE CORP COM PGR	PGR	12,435	$2.5m2.26%	2.26%	Added +1.5k	+1,547 14.2%
14	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	10,229	$2.4m2.23%	2.23%	Added +108	+108 1.1%
15	PALO ALTO NETWORKS INC COM PANW	PANW	14,203	$2.3m2.09%	2.09%	Added +1.2k	+1,158 8.9%
16	CONSOLIDATED EDISON INC COM ED	ED	19,931	$2.3m2.07%	2.07%	Added +147	+147 0.7%
17	MARRIOTT INTL INC NEW CL A MAR	MAR	6,736	$2.2m2.02%	2.02%	Reduced -109	-109 -1.6%
18	GE AEROSPACE COM NEW GE	GE	7,726	$2.2m2.01%	2.01%	Reduced -371	-371 -4.6%
19	META PLATFORMS INC CL A META	META	3,819	$2.2m2.01%	2.01%	Added +669	+669 21.2%
20	BOOKING HOLDINGS INC COM BKNG	BKNG	411	$1.7m1.59%	1.59%	Added +57	+57 16.1%
21	ALPHABET INC CAP STK CL C GOOG	GOOG	5,005	$1.4m1.32%	1.32%	Added +1	+1 0.0%
22	VISA INC COM CL A V	V	4,593	$1.4m1.28%	1.28%	Added +171	+171 3.9%
23	SOUTHERN CO COM SO	SO	12,613	$1.2m1.12%	1.12%	Added +681	+681 5.7%
24	NVENT ELECTRIC PLC SHS NVT	NVT	9,400	$1.1m1.02%	1.02%	Reduced -278	-278 -2.9%
25	GENERAL DYNAMICS CORP COM GD	GD	2,991	$1.0m0.94%	0.94%	Unchanged
26	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	2,029	$997.8k0.92%	0.92%	Reduced -106	-106 -5.0%
27	WASTE MGMT INC DEL COM WM	WM	4,285	$984.7k0.90%	0.90%	Reduced -91	-91 -2.1%
28	HAWAIIAN ELEC INDUSTRIES COM HE	HE	65,920	$978.3k0.90%	0.90%	Added +4.4k	+4,380 7.1%
29	HOME DEPOT INC COM HD	HD	2,731	$898.2k0.83%	0.83%	Reduced -628	-628 -18.7%
30	UBER TECHNOLOGIES INC COM UBER	UBER	10,385	$747.0k0.69%	0.69%	Added +4.0k	+4,015 63.0%
31	VIKING HOLDINGS LTD ORD SHS VIK	VIK	9,914	$728.5k0.67%	0.67%	Added +1.5k	+1,460 17.3%
32	VANGUARD WORLD FD HEALTH CAR ETF VHT	VHT	2,667	$726.4k0.67%	0.67%	Reduced -96	-96 -3.5%
33	WALMART INC COM WMT	WMT	5,518	$685.8k0.63%	0.63%	Reduced -328	-328 -5.6%
34	3M CO COM MMM	MMM	4,197	$609.5k0.56%	0.56%	Unchanged
35	WEC ENERGY GROUP INC COM WEC	WEC	5,162	$597.7k0.55%	0.55%	Reduced -90	-90 -1.7%
36	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	1,777	$570.2k0.52%	0.52%	Reduced -50	-50 -2.7%
37	HCA HEALTHCARE INC COM HCA	HCA	1,167	$552.3k0.51%	0.51%	Added +51	+51 4.6%
38	EDISON INTL COM EIX	EIX	6,848	$501.2k0.46%	0.46%	Added +1.1k	+1,147 20.1%
39	DTE ENERGY CO COM DTE	DTE	3,251	$475.4k0.44%	0.44%	Added +27	+27 0.8%
40	ENTERGY CORP NEW COM ETR	ETR	4,216	$473.7k0.44%	0.44%	Added +299	+299 7.6%
41	BOEING CO COM BA	BA	2,199	$437.7k0.40%	0.40%	Unchanged
42	DT MIDSTREAM INC COMMON STOCK DTM	DTM	3,140	$423.0k0.39%	0.39%	Added +22	+22 0.7%
43	NEXTERA ENERGY INC COM NEE	NEE	4,411	$409.7k0.38%	0.38%	Added +1	+1 0.0%
44	EXXON MOBIL CORP COM XOM	XOM	2,344	$397.7k0.37%	0.37%	Unchanged
45	APPLE HOSPITALITY REIT INC COM NEW APLE	APLE	32,269	$371.4k0.34%	0.34%	Reduced -2.7k	-2,737 -7.8%
46	ELI LILLY & CO COM LLY	LLY	343	$315.5k0.29%	0.29%	Reduced -10	-10 -2.8%
47	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	480	$312.2k0.29%	0.29%	Unchanged
48	SPDR GOLD TR GOLD SHS GLD	GLD	672	$289.2k0.27%	0.27%	Unchanged
49	AMERICAN ELEC PWR CO INC COM AEP	AEP	2,113	$277.0k0.25%	0.25%	Added +2	+2 0.1%
50	VANGUARD SCOTTSDALE FDS LG-TERM COR BD VCLT	VCLT	3,617	$270.3k0.25%	0.25%	Added +3	+3 0.1%
51	FIRSTENERGY CORP COM FE	FE	5,216	$264.3k0.24%	0.24%	Reduced -522	-522 -9.1%
52	XCEL ENERGY INC COM XEL	XEL	2,817	$223.8k0.21%	0.21%	Reduced -322	-322 -10.3%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
VANGUARD INDEX FDS VBK	VBK	765	$231.4k765 shares
ORACLE CORP ORCL	ORCL	1,101	$214.6k1.1k shares
TESLA INC TSLA	TSLA	473	$212.7k473 shares
PROCTER AND GAMBLE CO PG	PG	1,436	$205.8k1.4k shares