Duncan Williams Asset Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 11, 2024), Duncan Williams Asset Management, LLC reported 63 stock positions worth $118.6 million. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 23.5% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 18.4%) and Wisdomtree U.S. Quality Divi (DGRW, 7.5%). Compared with Q1 2024, it opened 3 new positions, sold out of 8, added to 39 and reduced 12. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +8%) and the biggest sale Microsoft (MSFT, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0002011771
- Portfolio Value
- $118.6M (Q2 2024)
- SEC Filing
- 0001765380-24-000235 ↗ filed Jul 11, 2024
Holdings Value
Holdings 63 stocks · $118.6M
| VUG Vanguard Mrngstar GR ETF-Sui | 23.52% | 74,595 | $27.9M | Add +8.0% |
| SCHD Schwab US DVD Equity ETF | 18.37% | 280,211 | $21.8M | Add +10.9% |
| DGRW Wisdomtree U.S. Quality Divi | 7.52% | 114,296 | $8.9M | Add +10.9% |
| MSFT Microsoft Corp. | 5.77% | 15,314 | $6.8M | Reduce -7.8% |
| FHN First Horizon Corp. | 4.62% | 347,562 | $5.5M | Reduce -1.2% |
| QQQ Invesco QQQ Trust Series 1 | 3.91% | 9,678 | $4.6M | Add +0.7% |
| AAPL Apple Inc. | 2.06% | 11,608 | $2.4M | Add +1.5% |
| VIG Vanguard Dividend Apprec ETF | 1.76% | 11,408 | $2.1M | No change |
| AZO AutoZone Inc. | 1.68% | 674 | $2.0M | Reduce -3.6% |
| AMZN Amazon.com Inc. | 1.60% | 9,846 | $1.9M | Add +6.3% |
| MUNI PIMCO Intermediate Municipal | 1.33% | 30,264 | $1.6M | Add +7.9% |
| KKR KKR & Co. Inc. | 1.20% | 13,522 | $1.4M | Reduce -1.3% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.12% | 19,303 | $1.3M | Add +35.2% |
| MA Mastercard Inc. Class A | 1.11% | 2,974 | $1.3M | Add +8.2% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.09% | 13,273 | $1.3M | Add +38.9% |
| V Visa Inc. Class A | 1.03% | 4,664 | $1.2M | Add +9.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.92% | 2,008 | $1.1M | Reduce -0.3% |
| NVDA Nvidia Corp. | 0.91% | 8,772 | $1.1M | Add +60.7% |
| UNH Unitedhealth Group Inc. | 0.88% | 2,046 | $1.0M | Add +9.8% |
| PNFP Pinnacle Financial Partners | 0.85% | 12,633 | $1.0M | No change |
| ACN Accenture PLC Class A | 0.83% | 3,264 | $990K | Add +7.2% |
| MPC Marathon Petroleum Corp. | 0.75% | 5,152 | $894K | Add +4.0% |
| LMT Lockheed Martin Corp. | 0.75% | 1,899 | $887K | Reduce -3.6% |
| CPRT Copart Inc. | 0.70% | 15,234 | $825K | Add +9.6% |
| GSSC Goldman Sachs Activebeta US | 0.69% | 12,948 | $820K | Add +57.1% |
| PHM Pultegroup Inc. | 0.67% | 7,179 | $790K | Add +9.5% |
| HD Home Depot Inc. | 0.65% | 2,246 | $773K | Add +0.0% |
| VIGI Vanguard Int Div App Indx FD | 0.65% | 9,424 | $766K | Add +0.7% |
| CMCSA Comcast Corp. Class A | 0.62% | 18,709 | $733K | Add +7.4% |
| COST Costco Wholesale Corp. | 0.58% | 815 | $693K | Add +8.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.57% | 1,739 | $680K | Add +0.1% |
| JBL Jabil Inc. | 0.57% | 6,183 | $673K | Add +1.4% |
| AMGN Amgen Inc. | 0.55% | 2,076 | $649K | Add +0.1% |
| PEP Pepsico Inc. | 0.54% | 3,912 | $645K | Add +5.6% |
| FTNT Fortinet Inc. | 0.54% | 10,598 | $639K | Add +24.0% |
| RMD Resmed Inc. | 0.52% | 3,244 | $621K | Add +14.9% |
| WMT Walmart Inc. | 0.50% | 8,746 | $592K | Reduce -9.3% |
| BN Brookfield Corp. | 0.45% | 12,764 | $530K | Add +14.9% |
| CSCO Cisco Systems Inc. | 0.44% | 11,025 | $524K | Reduce -20.2% |
| DHR Danaher Corp. | 0.43% | 2,049 | $512K | Add +12.5% |
| AMD Advanced Micro Devices | 0.41% | 3,023 | $490K | Add +1.1% |
| LIN Linde PLC | 0.38% | 1,021 | $448K | Add +26.5% |
| FDX FedEx Corp. | 0.38% | 1,484 | $445K | Add +30.9% |
| NOC Northrop Grumman Corp. | 0.37% | 1,000 | $436K | No change |
| USFD US Foods Holding Corp. | 0.36% | 8,155 | $432K | Add +17.2% |
| WM Waste Management Inc. | 0.36% | 2,025 | $432K | No change |
| RGLD Royal Gold Inc. | 0.35% | 3,348 | $419K | Add +2.8% |
| WDAY Workday Inc. Class A | 0.35% | 1,873 | $419K | New |
| ITA iShares U.S. Aerospace & Def | 0.31% | 2,810 | $371K | Add +1.3% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.30% | 3,006 | $356K | No change |
| GOOG Alphabet Inc. Class C | 0.28% | 1,819 | $334K | Reduce -4.2% |
| JNJ Johnson & Johnson | 0.27% | 2,179 | $318K | Reduce -32.7% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.26% | 12,189 | $314K | New |
| TFC Truist Financial Corp. | 0.26% | 8,042 | $312K | Add +37.7% |
| ABBV Abbvie Inc. | 0.26% | 1,806 | $310K | Add +1.2% |
| LHX L3HARRIS Technologies Inc. | 0.25% | 1,300 | $292K | No change |
| XOM Exxon Mobil Corp. | 0.24% | 2,499 | $288K | Reduce -2.3% |
| RNST Renasant Corp. | 0.24% | 9,268 | $283K | No change |
| PSX Phillips 66 | 0.24% | 2,000 | $282K | No change |
| ADP Automatic Data Processing | 0.24% | 1,175 | $280K | Add +0.6% |
| YUM Yum! Brands Inc. | 0.23% | 2,100 | $278K | No change |
| IVV iShares Core S&P 500 ETF | 0.20% | 434 | $237K | Reduce -1.8% |
| RF Regions Financial Corp. | 0.19% | 11,081 | $222K | New |
Portfolio Sells Q1 2024 → Q2 2024
| MSFT Microsoft Corp. | Reduce -7.8% | 5.77% | −0.53 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.52 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.36 |
| AZO AutoZone Inc. | Reduce -3.6% | 1.68% | −0.30 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.30 |
| SMDV Proshrs RSL 2000 DVD GRW ETF | Sold out | 0.00% | −0.28 |
| FHN First Horizon Corp. | Reduce -1.2% | 4.62% | −0.26 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.22 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.21 |
| JNJ Johnson & Johnson | Reduce -32.7% | 0.27% | −0.19 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.19 |
| CSCO Cisco Systems Inc. | Reduce -20.2% | 0.44% | −0.18 |
| LMT Lockheed Martin Corp. | Reduce -3.6% | 0.75% | −0.06 |
| KKR KKR & Co. Inc. | Reduce -1.3% | 1.20% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 0.92% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -2.3% | 0.24% | −0.03 |
| WMT Walmart Inc. | Reduce -9.3% | 0.50% | −0.02 |
| LUMN Lumen Technologies Inc. | Sold out | 0.00% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -1.8% | 0.20% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -4.2% | 0.28% | +0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| VUG Vanguard Mrngstar GR ETF-Sui | Add +8.0% | 23.52% | +2.10 |
| NVDA Nvidia Corp. | Add +60.7% | 0.91% | +0.47 |
| DGRW Wisdomtree U.S. Quality Divi | Add +10.9% | 7.52% | +0.45 |
| WDAY Workday Inc. Class A | New | 0.35% | +0.35 |
| AAPL Apple Inc. | Add +1.5% | 2.06% | +0.29 |
| CGXU Cap Group Intl Focus | New | 0.26% | +0.26 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +35.2% | 1.12% | +0.23 |
| GSSC Goldman Sachs Activebeta US | Add +57.1% | 0.69% | +0.20 |
| RF Regions Financial Corp. | New | 0.19% | +0.19 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +38.9% | 1.09% | +0.14 |
| AMZN Amazon.com Inc. | Add +6.3% | 1.60% | +0.10 |
| COST Costco Wholesale Corp. | Add +8.0% | 0.58% | +0.09 |
| FDX FedEx Corp. | Add +30.9% | 0.38% | +0.08 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.7% | 3.91% | +0.06 |
| TFC Truist Financial Corp. | Add +37.7% | 0.26% | +0.06 |
| UNH Unitedhealth Group Inc. | Add +9.8% | 0.88% | +0.05 |
| LIN Linde PLC | Add +26.5% | 0.38% | +0.04 |
| BN Brookfield Corp. | Add +14.9% | 0.45% | +0.03 |
| USFD US Foods Holding Corp. | Add +17.2% | 0.36% | +0.03 |
| DHR Danaher Corp. | Add +12.5% | 0.43% | +0.02 |
| RMD Resmed Inc. | Add +14.9% | 0.52% | +0.02 |
| AMGN Amgen Inc. | Add +0.1% | 0.55% | +0.02 |
| FTNT Fortinet Inc. | Add +24.0% | 0.54% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Add +10.9% | 18.37% | +0.01 |
| MUNI PIMCO Intermediate Municipal | Add +7.9% | 1.33% | +0.00 |
| RGLD Royal Gold Inc. | Add +2.8% | 0.35% | −0.00 |
| ITA iShares U.S. Aerospace & Def | Add +1.3% | 0.31% | −0.02 |
| ADP Automatic Data Processing | Add +0.6% | 0.24% | −0.03 |
| CPRT Copart Inc. | Add +9.6% | 0.70% | −0.03 |
| ABBV Abbvie Inc. | Add +1.2% | 0.26% | −0.03 |
| V Visa Inc. Class A | Add +9.6% | 1.03% | −0.04 |
| PEP Pepsico Inc. | Add +5.6% | 0.54% | −0.04 |
| VIGI Vanguard Int Div App Indx FD | Add +0.7% | 0.65% | −0.04 |
| PHM Pultegroup Inc. | Add +9.5% | 0.67% | −0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.1% | 0.57% | −0.05 |
| CMCSA Comcast Corp. Class A | Add +7.4% | 0.62% | −0.06 |
| AMD Advanced Micro Devices | Add +1.1% | 0.41% | −0.07 |
| MA Mastercard Inc. Class A | Add +8.2% | 1.11% | −0.09 |
| ACN Accenture PLC Class A | Add +7.2% | 0.83% | −0.12 |
| HD Home Depot Inc. | Add +0.0% | 0.65% | −0.12 |
| MPC Marathon Petroleum Corp. | Add +4.0% | 0.75% | −0.15 |
| JBL Jabil Inc. | Add +1.4% | 0.57% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 172 | $443.6M | VUG, DGRW, IUSV, AVNM, FMDE |
| Q1 2026 | 154 | $360.7M | DGRW, VUG, IUSV, AVNM, AAPL |
| Q4 2025 | 170 | $402.5M | DGRW, VUG, IUSV, AVNM, AAPL |
| Q3 2025 | 164 | $355.4M | VUG, DGRW, IUSV, AAPL, SCHD |
| Q2 2025Amended | 154 | $316.8M | VUG, DGRW, SCHD, AAPL, MSFT |
| Q1 2025 | 147 | $276.8M | VUG, DGRW, SCHD, AAPL, VTV |
| Q4 2024 | 146 | $254.0M | VUG, SCHD, AAPL, DGRW, VOO |
| Q3 2024 | 129 | $181.5M | VUG, SCHD, DGRW, AAPL, MSFT |
| Q2 2024 | 63 | $118.6M | VUG, SCHD, DGRW, MSFT, FHN |
| Q1 2024 | 68 | $111.0M | VUG, SCHD, DGRW, MSFT, FHN |