DURANTE & WATERS, LLC

Registered adviser

CIK

1666582

Location

BREWSTER, NY

Portfolio Value

Small $154,189,131

Diversification

Highly concentrated

Filing Date

Global Rank

#7,367 / 8,827 ▼ 95 · as of Jun 2026

Top Industry

Insurance - Diversified 33.3%

3Y Alpha vs SPY

-4.5%

Period ended 38 days ago

Filed Oct 28, 2026 · 10d

12 quarters · since Dec 2023

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 127216

Roster of Nov 1, 2026

Regulatory AUM

$187,437,448

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Nov 2026	$187,437,448	Individuals and high net worth (100%)
Mar 2025 to Feb 2026	$160,651,647	Individuals and high net worth (100%)
Mar 2024 to Feb 2025	$141,322,649	Individuals and high net worth (100%)
May 2023 to Feb 2024	$125,981,818	Individuals and high net worth (100%)
Mar 2023 to Apr 2023	$125,981,818	Individuals and high net worth (100%)
Feb 2022 to Feb 2023	$155,492,849	Individuals and high net worth (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 96.5% of the book (60%+)

Turnover

Low turnover

15.3% over the last four quarters (under 30%)

Horizon

Medium horizon

Value-weighted holding period 10.0 quarters (4 to under 12)

Closest benchmark: every 13F filer's combined book, active share 85.8%; sector active share 75.0% against the combined 13F book's sector weights.

Over time 11 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

37 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

66.4%

−0.9 pts

Top 5

90.0%

−1.2 pts

Top 10

95.7%

−0.8 pts

HHI

4,621

Highly concentrated−120

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	87.0%	$134,183,142	19
Financial Services	5.0%	$7,777,756	6
Technology	2.8%	$4,330,071	4
Communication Services	2.4%	$3,657,013	2
Consumer Cyclical	2.1%	$3,177,819	3
Healthcare	0.5%	$713,117	2
Industrials	0.2%	$350,213	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
FENI	Fidelity Enhanced International ETF	+4,371	491,594	$19,619,516
AAPL	Apple Inc.	+1,166	6,718	$2,237,228
MUB	iShares National Muni Bond ETF	+1,021	40,191	$4,063,310
NYF	iShares New York Muni Bond ETF	+623	61,084	$3,085,963
SUB	iShares Short-Term National Muni Bond ETF	+467	57,335	$5,993,800
GOOG	Alphabet Inc.	+301	3,566	$1,215,078
TJX	Tjx Companies Inc	+111	3,244	$429,213
QQQM	Invesco Ltd.	+2	1,875	$0
UPS	United Parcel Service Inc	+2	3,748	$350,213
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
IVE	iShares S&P 500 Value ETF	−900	2,969	$677,763
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−714	170,116	$28,286,888
IVV	iShares Core S&P 500 ETF	−388	50,615	$38,763,497
SHY	iShares 1-3 Year Treasury Bond ETF	−276	100,466	$8,157,839
BRK-B	Berkshire Hathaway Inc	−200	2,880	$1,434,096
AGG	iShares Core U.S. Aggregate Bond ETF	−122	90,535	$8,559,178
IQLT	iShares MSCI Intl Quality Factor ETF	−100	72,993	$3,610,963
NVDA	Nvidia Corp	−82	6,195	$1,414,814
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−70	17,424	$6,520,757
AMZN	Amazon Com Inc	−66	6,707	$1,671,049
V	Visa Inc.	−47	766	$275,246
GOOGL	Alphabet Inc.	−46	7,097	$2,441,935
TSLA	Tesla, Inc.	−43	3,037	$1,077,557
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
LLY	ELI LILLY & Co	393	$454,732
AVGO	Broadcom Inc.	1,161	$407,731
AXP	American Express Co	925	$281,292
MSFT	Microsoft Corp	527	$270,298
AMGN	Amgen Inc	613	$258,385
IBIT	iShares Bitcoin Trust ETF	4,635	$219,420
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

37 tracked positions · $154,189,131 total · filing declares 37 positions · $154,760,315 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	50,615	-388	$38,763,497	+1.5%	25.14%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	170,116	-714	$28,286,888	+0.8%	18.35%
FENI	Fidelity Enhanced International ETF	Added	491,594	+4,371	$19,619,516	+0.3%	12.72%
AGG	iShares Core U.S. Aggregate Bond ETF	Reduced	90,535	-122	$8,559,178	−4.6%	5.55%
SHY	iShares 1-3 Year Treasury Bond ETF	Reduced	100,466	-276	$8,157,839	−1.4%	5.29%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	17,424	-70	$6,520,757	+0.7%	4.23%
SUB	iShares Short-Term National Muni Bond ETF	Added	57,335	+467	$5,993,800	−1.0%	3.89%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	7	0	$5,229,035	−0.2%	3.39%
MUB	iShares National Muni Bond ETF	Added	40,191	+1,021	$4,063,310	−3.6%	2.64%
IQLT	iShares MSCI Intl Quality Factor ETF	Reduced	72,993	-100	$3,610,963	−0.3%	2.34%
NYF	iShares New York Muni Bond ETF	Added	61,084	+623	$3,085,963	−5.3%	2.00%
GOOGL	Alphabet Inc. Communication Services	Reduced	7,097	-46	$2,441,935	−4.3%	1.58%
VIG	Vanguard Specialized Funds	Held	9,858	0	$2,299,969	−1.4%	1.49%
AAPL	Apple Inc. Technology	Added	6,718	+1,166	$2,237,228	+39.3%	1.45%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	6,707	-66	$1,671,049	+3.5%	1.08%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	2,880	-200	$1,434,096	−6.9%	0.93%
NVDA	Nvidia Corp Technology	Reduced	6,195	-82	$1,414,814	+12.6%	0.92%
GOOG	Alphabet Inc. Communication Services	Added	3,566	+301	$1,215,078	+5.3%	0.79%
IVW	iShares S&P 500 Growth ETF	Held	8,300	0	$1,180,758	+3.4%	0.77%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	3,037	-43	$1,077,557	−16.8%	0.70%
QQQ	Invesco Qqq Trust, Series 1	Held	1,281	0	$947,645	+0.5%	0.61%
SLV	iShares Silver Trust	Held	13,040	0	$710,810	+1.9%	0.46%
IVE	iShares S&P 500 Value ETF	Reduced	2,969	-900	$677,763	−22.8%	0.44%
GLD	Spdr Gold Trust	Held	1,575	0	$599,823	+3.4%	0.39%
IAU	Ishares Gold Trust	Held	7,380	0	$576,378	+3.4%	0.37%
MA	Mastercard Inc Financial Services	Held	1,012	0	$558,087	+7.4%	0.36%
LLY	ELI LILLY & Co Healthcare	NEW	393	NEW	$454,732	NEW	0.29%
TJX	Tjx Companies Inc Consumer Cyclical	Added	3,244	+111	$429,213	−9.6%	0.28%
AVGO	Broadcom Inc. Technology	NEW	1,161	NEW	$407,731	NEW	0.26%
UPS	United Parcel Service Inc Industrials	Added	3,748	+2	$350,213	−13.0%	0.23%
SPY	Spdr S&P 500 ETF Trust	Held	405	0	$308,865	+2.1%	0.20%
AXP	American Express Co Financial Services	NEW	925	NEW	$281,292	NEW	0.18%
V	Visa Inc. Financial Services	Reduced	766	-47	$275,246	−1.3%	0.18%
MSFT	Microsoft Corp Technology	NEW	527	NEW	$270,298	NEW	0.18%
AMGN	Amgen Inc Healthcare	NEW	613	NEW	$258,385	NEW	0.17%
IBIT	iShares Bitcoin Trust ETF	NEW	4,635	NEW	$219,420	NEW	0.14%
QQQM	Invesco Ltd. Financial Services	Added	1,875	+2	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.