Duncan Williams Asset Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 3, 2024), Duncan Williams Asset Management, LLC reported 129 stock positions worth $181.5 million. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 18.1% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 13.5%) and Wisdomtree U.S. Quality Divi (DGRW, 6.8%). Compared with Q2 2024, it opened 67 new positions, sold out of 1, added to 51 and reduced 9. The biggest buy was Apple (AAPL, shares +187%) and the biggest sale Mastercard Class A (MA, shares −5%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0002011771
Portfolio Value
$181.5M (Q3 2024)
SEC Filing
0001765380-24-000387 ↗ filed Oct 3, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $111.0M Q1 2024 Q2 2024: $118.6M Q2 2024 Q3 2024: $181.5M $181.5M Q3 2024 Q4 2024: $254.0M Q4 2024 Q1 2025: $276.8M Q1 2025 Q2 2025: $316.8M Q2 2025 Q3 2025: $355.4M Q3 2025 Q4 2025: $402.5M Q4 2025 Q1 2026: $360.7M Q1 2026 Q2 2026: $443.6M Q2 2026

Holdings 129 stocks · $181.5M
VUG Vanguard Mrngstar GR ETF-Sui 18.08% 85,472 $32.8M Add +14.6%
SCHD Schwab US DVD Equity ETF 13.51% 290,090 $24.5M Add +3.5%
DGRW Wisdomtree U.S. Quality Divi 6.84% 149,126 $12.4M Add +30.5%
AAPL Apple Inc. 4.28% 33,363 $7.8M Add +187.4%
MSFT Microsoft Corp. 3.98% 16,784 $7.2M Add +9.6%
FHN First Horizon Corp. 3.17% 370,615 $5.8M Add +6.6%
QQQ Invesco QQQ Trust Series 1 2.95% 10,962 $5.4M Add +13.3%
VTV Vanguard Mrngstr Val ETF-Aui 2.14% 22,213 $3.9M New
AZO AutoZone Inc. 1.77% 1,017 $3.2M Add +50.9%
AMZN Amazon.com Inc. 1.35% 13,123 $2.4M Add +33.3%
VIG Vanguard Dividend Apprec ETF 1.34% 12,320 $2.4M Add +8.0%
CSM Proshares Large Cap Core Plu 1.08% 29,941 $2.0M New
PDI PIMCO Dynamic Income Fund 0.98% 87,956 $1.8M New
KKR KKR & Co. Inc. 0.95% 13,150 $1.7M Reduce -2.8%
MUNI PIMCO Intermediate Municipal 0.89% 30,530 $1.6M Add +0.9%
V Visa Inc. Class A 0.86% 5,681 $1.6M Add +21.8%
EGP Eastgroup Properties Inc. 0.85% 8,300 $1.6M New
VYMI Vanguard Int High DVD YLD Inc. 0.84% 20,874 $1.5M Add +8.1%
UNH Unitedhealth Group Inc. 0.83% 2,574 $1.5M Add +25.8%
XMHQ Invesco S&P Midcap Qual ETF 0.81% 14,333 $1.5M Add +8.0%
MA Mastercard Inc. Class A 0.77% 2,823 $1.4M Reduce -5.1%
NVDA Nvidia Corp. 0.76% 11,418 $1.4M Add +30.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.75% 2,359 $1.4M Add +17.5%
HD Home Depot Inc. 0.71% 3,185 $1.3M Add +41.8%
EFG iShares MSCI Eafe Growth ETF 0.69% 11,702 $1.3M New
PNFP Pinnacle Financial Partners 0.69% 12,828 $1.3M Add +1.5%
ACN Accenture PLC Class A 0.65% 3,343 $1.2M Add +2.4%
FDX FedEx Corp. 0.64% 4,264 $1.2M Add +187.3%
DHR Danaher Corp. 0.64% 4,176 $1.2M Add +103.8%
RF Regions Financial Corp. 0.61% 47,356 $1.1M Add +327.4%
IWP iShares Russell Mid-Cap Grow 0.59% 9,119 $1.1M New
PHM Pultegroup Inc. 0.57% 7,229 $1.0M Add +0.7%
GSSC Goldman Sachs Activebeta US 0.56% 14,651 $1.0M Add +13.2%
MPC Marathon Petroleum Corp. 0.56% 6,188 $1.0M Add +20.1%
LMT Lockheed Martin Corp. 0.54% 1,662 $971K Reduce -12.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.49% 2,099 $888K Add +20.7%
WMT Walmart Inc. 0.48% 10,804 $872K Add +23.5%
FTNT Fortinet Inc. 0.48% 11,223 $870K Add +5.9%
VIGI Vanguard Int Div App Indx FD 0.47% 9,693 $856K Add +2.9%
ABBV Abbvie Inc. 0.46% 4,260 $841K Add +135.9%
PEP Pepsico Inc. 0.46% 4,922 $837K Add +25.8%
CMCSA Comcast Corp. Class A 0.46% 20,012 $836K Add +7.0%
RMD Resmed Inc. 0.46% 3,403 $831K Add +4.9%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.45% 3,071 $821K New
PRTA Prothena Corp. PLC 0.45% 48,749 $816K New
CPRT Copart Inc. 0.45% 15,437 $809K Add +1.3%
COST Costco Wholesale Corp. 0.44% 901 $799K Add +10.6%
AMGN Amgen Inc. 0.41% 2,295 $740K Add +10.6%
IGHG Proshares Ig Hedged 0.41% 9,546 $735K New
JNJ Johnson & Johnson 0.40% 4,523 $733K Add +107.6%
BN Brookfield Corp. 0.39% 13,343 $709K Add +4.5%
XOM Exxon Mobil Corp. 0.37% 5,740 $673K Add +129.7%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.37% 24,914 $672K Add +104.4%
CRM Salesforce Inc. 0.35% 2,294 $628K New
TFC Truist Financial Corp. 0.34% 14,550 $622K Add +80.9%
APLS Apellis Pharmaceuticals Inc. 0.34% 21,125 $609K New
DE Deere & Co. 0.33% 1,442 $602K New
JBL Jabil Inc. 0.33% 4,961 $595K Reduce -19.8%
USFD US Foods Holding Corp. 0.32% 9,487 $583K Add +16.3%
HYZD Wisdomtree Interest Rate Hed 0.32% 26,341 $583K New
BIV Vanguard Intermediate-Term B 0.32% 7,425 $582K New
WDAY Workday Inc. Class A 0.31% 2,330 $570K Add +24.4%
CIFR Cipher Digital Inc. 0.30% 143,000 $553K New
MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 0.30% 16,600 $546K New
AMD Advanced Micro Devices 0.30% 3,287 $539K Add +8.7%
XRN Global Medical REIT Inc. 0.30% 54,310 $538K New
NOC Northrop Grumman Corp. 0.29% 1,000 $528K No change
VB Vanguard Most SM-Cap ETF-Usd 0.29% 2,224 $528K New
LIN Linde PLC 0.29% 1,101 $525K Add +7.8%
MRK Merck & Co. Inc. 0.29% 4,611 $524K New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.28% 15,120 $504K New
GOOGL Alphabet Inc. Class A 0.28% 3,036 $504K New
BRK.B Berkshire Hathaway Inc. Class B 0.27% 1,073 $494K New
RGLD Royal Gold Inc. 0.26% 3,411 $479K Add +1.9%
WM Waste Management Inc. 0.23% 2,020 $419K Reduce -0.3%
ITA iShares U.S. Aerospace & Def 0.23% 2,755 $412K Reduce -2.0%
ABT Abbott Laboratories 0.22% 3,519 $401K New
AVGO Broadcom Inc. 0.22% 2,325 $401K New
CWB SS SPDR BB Conv Sec ETF 0.22% 5,160 $395K New
META Meta Platforms Inc. Class A 0.22% 686 $393K New
RRBI Red River Bancshares Inc. 0.21% 7,500 $390K New
BSV Vanguard Short-Term Bond ETF 0.21% 4,952 $390K New
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.21% 3,006 $386K No change
IBIT iShares Bitcoin Trust ETF 0.21% 10,600 $383K New
IWR iShares Russell Mid-Cap ETF 0.20% 4,216 $372K New
RNST Renasant Corp. 0.20% 11,115 $361K Add +19.9%
EFA iShares MSCI Eafe ETF 0.20% 4,249 $355K New
GOOG Alphabet Inc. Class C 0.19% 2,103 $352K Add +15.6%
KO The Coca-Cola Co. 0.19% 4,730 $340K New
WFC Wells Fargo & Co. 0.19% 5,981 $338K New
ICVT iShares Convertible Bond ETF 0.18% 4,001 $335K New
BOND PIMCO Active Bond Exchange-T 0.18% 3,532 $334K New
PFE Pfizer Inc. 0.18% 11,207 $324K New
DOC Healthpeak Properties Inc. 0.18% 14,067 $322K New
VNQ Vanguard Real Estate ETF 0.18% 3,281 $320K New
VZ Verizon Communications Inc. 0.18% 7,082 $318K New
LHX L3HARRIS Technologies Inc. 0.17% 1,317 $313K Add +1.3%
PDBC Invesco Optimum Yield Divers 0.17% 23,147 $311K New
MAA Mid-America Apartment Comm 0.17% 1,928 $306K New
PSX Phillips 66 0.17% 2,322 $305K Add +16.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.16% 2,453 $291K New
YUM Yum! Brands Inc. 0.16% 2,059 $288K Reduce -1.9%
ANAB Anaptysbio Inc. 0.16% 8,425 $282K New
IEI iShares 3-7 Year Treasury Bo 0.15% 2,297 $275K New
NUE Nucor Corp. 0.15% 1,805 $271K New
TSLA Tesla Inc. 0.15% 1,018 $266K New
PG The Procter & Gamble Co. 0.15% 1,522 $264K New
SO The Southern Co. 0.14% 2,867 $259K New
GD General Dynamics Corp. 0.13% 800 $242K New
IEMG iShares Core MSCI Emerging 0.13% 4,182 $240K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 1,060 $234K New
JPM JPMorgan Chase & Co. 0.13% 1,109 $234K New
T AT&T Inc. 0.13% 10,523 $232K New
VOO Vanguard S&P 500 ETF 0.13% 437 $231K New
EPD Enterprise Products Partners 0.12% 7,763 $226K New
ASML ASML Holding NV-NY Reg SHS 0.12% 266 $222K New
LLY Eli Lilly & Co. 0.12% 247 $219K New
ORCL Oracle Corp. 0.12% 1,276 $217K New
IVV iShares Core S&P 500 ETF 0.12% 374 $216K Reduce -13.8%
VCSH Vanguard S/T Corp. Bond ETF 0.12% 2,693 $214K New
CSCO Cisco Systems Inc. 0.12% 3,973 $211K Reduce -64.0%
BMY Bristol-Myers Squibb Co. 0.12% 4,049 $210K New
CADE Cadence Bank 0.11% 6,420 $204K New
STRW Strawberry Fields REIT Inc. 0.11% 15,156 $192K New
NVTS Navitas Semiconductor Corp. 0.09% 70,000 $172K New
ACP Abrdn Income Credit Strat 0.04% 10,093 $67K New
EOSE Eos Energy Enterprises Inc. 0.03% 21,000 $62K New
REDWOOD TRUST INC (RWT 7.75 06/15/27) 0.01% 25,000 $25K New
DANIMER SCIENTIFIC INC 0.01% 37,500 $17K New

Portfolio Sells Q2 2024 → Q3 2024
MA Mastercard Inc. Class A Reduce -5.1% 0.77% −0.34
CSCO Cisco Systems Inc. Reduce -64.0% 0.12% −0.33
KKR KKR & Co. Inc. Reduce -2.8% 0.95% −0.25
JBL Jabil Inc. Reduce -19.8% 0.33% −0.24
ADP Automatic Data Processing Sold out 0.00% −0.24
LMT Lockheed Martin Corp. Reduce -12.5% 0.54% −0.21
WM Waste Management Inc. Reduce -0.3% 0.23% −0.13
ITA iShares U.S. Aerospace & Def Reduce -2.0% 0.23% −0.09
IVV iShares Core S&P 500 ETF Reduce -13.8% 0.12% −0.08
YUM Yum! Brands Inc. Reduce -1.9% 0.16% −0.08

Portfolio Buys Q2 2024 → Q3 2024
AAPL Apple Inc. Add +187.4% 4.28% +2.22
VTV Vanguard Mrngstr Val ETF-Aui New 2.14% +2.14
CSM Proshares Large Cap Core Plu New 1.08% +1.08
PDI PIMCO Dynamic Income Fund New 0.98% +0.98
EGP Eastgroup Properties Inc. New 0.85% +0.85
EFG iShares MSCI Eafe Growth ETF New 0.69% +0.69
IWP iShares Russell Mid-Cap Grow New 0.59% +0.59
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.45% +0.45
PRTA Prothena Corp. PLC New 0.45% +0.45
RF Regions Financial Corp. Add +327.4% 0.61% +0.42
IGHG Proshares Ig Hedged New 0.41% +0.41
CRM Salesforce Inc. New 0.35% +0.35
APLS Apellis Pharmaceuticals Inc. New 0.34% +0.34
DE Deere & Co. New 0.33% +0.33
HYZD Wisdomtree Interest Rate Hed New 0.32% +0.32
BIV Vanguard Intermediate-Term B New 0.32% +0.32
CIFR Cipher Digital Inc. New 0.30% +0.30
MNA Nylim Merger Arbtrage ETF-Ui New 0.30% +0.30
XRN Global Medical REIT Inc. New 0.30% +0.30
VB Vanguard Most SM-Cap ETF-Usd New 0.29% +0.29
MRK Merck & Co. Inc. New 0.29% +0.29
VICI Vici Properties Inc. New 0.28% +0.28
GOOGL Alphabet Inc. Class A New 0.28% +0.28
BRK.B Berkshire Hathaway Inc. Class B New 0.27% +0.27
FDX FedEx Corp. Add +187.3% 0.64% +0.27
ABT Abbott Laboratories New 0.22% +0.22
AVGO Broadcom Inc. New 0.22% +0.22
CWB SS SPDR BB Conv Sec ETF New 0.22% +0.22
META Meta Platforms Inc. Class A New 0.22% +0.22
RRBI Red River Bancshares Inc. New 0.21% +0.21
BSV Vanguard Short-Term Bond ETF New 0.21% +0.21
IBIT iShares Bitcoin Trust ETF New 0.21% +0.21
DHR Danaher Corp. Add +103.8% 0.64% +0.21
IWR iShares Russell Mid-Cap ETF New 0.20% +0.20
ABBV Abbvie Inc. Add +135.9% 0.46% +0.20
EFA iShares MSCI Eafe ETF New 0.20% +0.20
KO The Coca-Cola Co. New 0.19% +0.19
WFC Wells Fargo & Co. New 0.19% +0.19
ICVT iShares Convertible Bond ETF New 0.18% +0.18
BOND PIMCO Active Bond Exchange-T New 0.18% +0.18
PFE Pfizer Inc. New 0.18% +0.18
DOC Healthpeak Properties Inc. New 0.18% +0.18
VNQ Vanguard Real Estate ETF New 0.18% +0.18
VZ Verizon Communications Inc. New 0.18% +0.18
PDBC Invesco Optimum Yield Divers New 0.17% +0.17
MAA Mid-America Apartment Comm New 0.17% +0.17
IRM Iron Mountain Inc. New 0.16% +0.16
ANAB Anaptysbio Inc. New 0.16% +0.16
IEI iShares 3-7 Year Treasury Bo New 0.15% +0.15
NUE Nucor Corp. New 0.15% +0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 172$443.6MVUG, DGRW, IUSV, AVNM, FMDE
Q1 2026 154$360.7MDGRW, VUG, IUSV, AVNM, AAPL
Q4 2025 170$402.5MDGRW, VUG, IUSV, AVNM, AAPL
Q3 2025 164$355.4MVUG, DGRW, IUSV, AAPL, SCHD
Q2 2025Amended 154$316.8MVUG, DGRW, SCHD, AAPL, MSFT
Q1 2025 147$276.8MVUG, DGRW, SCHD, AAPL, VTV
Q4 2024 146$254.0MVUG, SCHD, AAPL, DGRW, VOO
Q3 2024 129$181.5MVUG, SCHD, DGRW, AAPL, MSFT
Q2 2024 63$118.6MVUG, SCHD, DGRW, MSFT, FHN
Q1 2024 68$111.0MVUG, SCHD, DGRW, MSFT, FHN