SEC Filing Analysis: Dougherty Wealth Advisers LLC (13F-HR)

Executive Summary

• Trading Significance: Low
• Key Takeaway: Dougherty Wealth Advisers LLC filed its quarterly Form 13F-HR, disclosing $155.2 million in assets under management across 112 positions for the period ending September 30, 2025. The portfolio shows a heavy concentration in broad-market Vanguard ETFs.
• Market Impact: As a routine disclosure from a moderately sized advisory firm, this filing is expected to have a negligible immediate impact on the market or individual securities. It is primarily useful for long-term strategic analysis and tracking institutional sentiment.

Filer Information

Field	Value
Filer Name	Dougherty Wealth Advisers LLC
CIK	0001755933
Form Type	13F-HR
Filing Date	2025-10-14
Period of Report	2025-09-30

Portfolio Summary

Field	Value
Total Portfolio Value	$155,199,187
Total Number of Holdings	112

Top 5 Holdings by Value

Issuer	Security Type	Value (USD)
VANGUARD GROWTH ETF	ETF	$39,979,330
VANGUARD VALUE ETF	ETF	$38,339,640
VANGUARD MID-CAP VALUE ETF	ETF	$15,352,740
VANGUARD S&P SMALL-CAP 600 GROWTH ETF	ETF	$9,202,499
VANGUARD FTSE EMERGING MARKETS ETF	ETF	$6,181,613

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: Form 13F is a backward-looking report of holdings at the end of a quarter. It does not represent a new transaction or signal an immediate shift in strategy. The information is already up to 45 days old and has minimal predictive power for short-term price movements.

Volume & Sentiment

• Expected Volume Impact: None. This filing will not trigger significant trading volume in the underlying securities.
• Sentiment Indicator: Neutral. The portfolio composition, dominated by diversified ETFs, reflects a conventional, long-term asset allocation strategy rather than a strong bullish or bearish conviction on specific sectors or stocks.

Investment Insights

Portfolio Strategy Indicators

• Core-Satellite Approach: The portfolio's foundation is built on large-cap growth and value ETFs (VUG, VTV), which together constitute over 50% of the AUM. Smaller positions in individual stocks and sector-specific ETFs act as satellites.
• Emphasis on Diversification: The extensive use of broad market and international ETFs (e.g., VWO, IXUS) indicates a primary focus on diversification and capturing market beta.
• Limited Single-Stock Conviction: The largest individual stock positions (e.g., Microsoft, Apple, JPMorgan Chase) are significant but represent a small fraction of the total AUM compared to the core ETF holdings.

Key Takeaways

1. ETF-Centric Strategy: Dougherty Wealth Advisers heavily relies on low-cost, diversified ETFs from Vanguard for its core asset allocation.
2. Balanced Growth and Value: The two largest holdings are nearly equal allocations to Vanguard's Growth and Value ETFs, suggesting a balanced approach to market factors.
3. Standard Institutional Disclosure: This filing is a standard compliance document and does not contain actionable trading signals for the average investor.

Contextual Analysis

Filing Significance

Form 13F-HR is a mandatory quarterly report filed by institutional investment managers with at least $100 million in equity assets under management. It provides a snapshot of the institution's long positions in publicly traded securities. This data is often used by analysts to gauge institutional sentiment and identify trends in ownership.

Company Context

Dougherty Wealth Advisers LLC is a Wayzata, MN-based investment advisory firm. Its filing history shows a consistent strategy centered around ETF-based portfolio construction. The reported $155.2M AUM places it among the smaller institutional filers.

Risk Assessment

Risk Level: Low

Analysis

• This filing is a statement of holdings, not a transactional report. The information is historical and does not imply future action.
• The portfolio's heavy weighting in diversified ETFs suggests a risk-managed approach, which is typical for many wealth advisory firms.
• There are no red flags or unusual positions in this filing that would indicate high-risk or speculative strategies.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-14 | Data source: SEC EDGAR