DURANTE & WATERS, LLC

CIK 0001666582 · Q2 2026

13F Equity AUM

$152.6M

+10.5% QoQ

Positions

0 QoQ

AUM Rank

#7,089

Top 81%

Skill Alpha (FF)

-0.5%/yr^ns

No Clear Edge

Rank #3,556 · Top 43%

vs S&P -5.1%/yr (unadj.)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 67.5%Top 10: 84.3%Top 20: 95.9%

IVV25.0%

ITOT18.4%

FENI12.8%

AGG5.9%

SHY5.4%

VTI4.2%

SUB4.0%

BRK/A3.4%

MUB2.8%

IQLT2.4%

Others (21)15.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services89.4%

Financials3.8%

Communication Services2.4%

Consumer Cyclical2.2%

Other2.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 31Median: 1.01%Avg: 3.23%

0–0.5%

9(2.9%)

0.5–1%

6(4.4%)

1–3%

8(13.6%)

3–5%

3(11.6%)

5%+

5(67.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 31vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased8Decreased12Exited0

Increased

FENI12.8%

+111K(+29%)

SHY5.4%

+10K(+12%)

AGG5.9%

+7K(+9%)

SUB4.0%

+4K(+8%)

NYF2.1%

+3K(+6%)

MUB2.8%

+421(+1%)

IQLT2.4%

+418(+1%)

QQQM0.4%

+2(+0%)

Decreased

ITOT18.4%

-11,355(-6%)

IVE0.6%

-3,850(-50%)

IVV25.0%

-3,563(-7%)

VTI4.2%

-999(-5%)

NDQ0.6%

-144(-10%)

AMZN1.1%

-138(-2%)

GOOGL1.7%

-125(-2%)

NVDA0.8%

-120(-2%)

VIG1.5%

-93(-1%)

TSLA0.8%

-85(-3%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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