Duncan Williams Asset Management, LLC

Name: Duncan Williams Asset Management, LLC 13F holdings, Q4 2024
Creator: Duncan Williams Asset Management, LLC
Published: 2025-01-21

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 21, 2025), Duncan Williams Asset Management, LLC reported 146 stock positions worth $254.0 million. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 14.8% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 10.2%) and Apple (AAPL, 5.7%). Compared with Q3 2024, it opened 24 new positions, sold out of 7, added to 73 and reduced 31. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +3146%) and the biggest sale KKR (KKR, shares −21%).

Most Recent 13F: Q2 2026
Location: MEMPHIS, TN
CIK: 0002011771
Portfolio Value: $254.0M (Q4 2024)
SEC Filing: 0001765380-25-000004 ↗ filed Jan 21, 2025

Holdings Value

Holdings 146 stocks · $254.0M


VUG Vanguard Mrngstar GR ETF-Sui	14.77%	91,421	$37.5M	Add +7.0%
SCHD Schwab US DVD Equity ETF	10.20%	948,172	$25.9M	Add +8.9%
AAPL Apple Inc.	5.71%	57,902	$14.5M	Add +73.5%
DGRW Wisdomtree U.S. Quality Divi	5.42%	169,970	$13.8M	Add +14.0%
VOO Vanguard S&P 500 ETF	3.01%	14,187	$7.6M	Add +3146.4%
VTV Vanguard Mrngstr Val ETF-Aui	2.97%	44,549	$7.5M	Add +100.5%
MSFT Microsoft Corp.	2.89%	17,385	$7.3M	Add +3.6%
FHN First Horizon Corp.	2.84%	358,244	$7.2M	Reduce -3.3%
BRK.B Berkshire Hathaway Inc. Class B	2.52%	14,097	$6.4M	Add +1213.8%
QQQ Invesco QQQ Trust Series 1	2.24%	11,112	$5.7M	Add +1.4%
VB Vanguard Most SM-Cap ETF-Usd	1.93%	20,421	$4.9M	Add +818.2%
AMZN Amazon.com Inc.	1.88%	21,746	$4.8M	Add +65.7%
AZO AutoZone Inc.	1.63%	1,294	$4.1M	Add +27.2%
VEA Vanguard Ftse Developed ETF	1.47%	78,284	$3.7M	New
FDX FedEx Corp.	1.41%	12,726	$3.6M	Add +198.4%
MA Mastercard Inc. Class A	1.31%	6,323	$3.3M	Add +124.0%
VWO Vanguard Ftse Emerging Marke	1.28%	73,866	$3.3M	New
V Visa Inc. Class A	1.23%	9,860	$3.1M	Add +73.6%
VO Vngrd Mrngstr MD-Cap ETF-Usd	1.16%	11,122	$2.9M	New
SPY SS SPDR S&P 500 ETF Trust-US	1.01%	4,356	$2.6M	Add +84.7%
WMT Walmart Inc.	0.95%	26,803	$2.4M	Add +148.1%
VIG Vanguard Dividend Apprec ETF	0.95%	12,320	$2.4M	No change
XMHQ Invesco S&P Midcap Qual ETF	0.92%	23,852	$2.3M	Add +66.4%
CSM Proshares Large Cap Core Plu	0.83%	31,698	$2.1M	Add +5.9%
RF Regions Financial Corp.	0.82%	88,860	$2.1M	Add +87.6%
VYMI Vanguard Int High DVD YLD Inc.	0.71%	26,503	$1.8M	Add +27.0%
MUNI PIMCO Intermediate Municipal	0.70%	34,538	$1.8M	Add +13.1%
PDI PIMCO Dynamic Income Fund	0.68%	94,396	$1.7M	Add +7.3%
KKR KKR & Co. Inc.	0.60%	10,381	$1.5M	Reduce -21.1%
GSSC Goldman Sachs Activebeta US	0.60%	22,120	$1.5M	Add +51.0%
PNFP Pinnacle Financial Partners	0.56%	12,443	$1.4M	Reduce -3.0%
GOOG Alphabet Inc. Class C	0.55%	7,397	$1.4M	Add +251.7%
VONG Vanguard Russell 1000 Growth	0.55%	13,539	$1.4M	New
UNH Unitedhealth Group Inc.	0.54%	2,721	$1.4M	Add +5.7%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT	0.53%	54,452	$1.3M	Add +118.6%
EGP Eastgroup Properties Inc.	0.52%	8,300	$1.3M	No change
NVDA Nvidia Corp.	0.49%	9,334	$1.3M	Reduce -18.3%
EFG iShares MSCI Eafe Growth ETF	0.48%	12,588	$1.2M	Add +7.6%
IWP iShares Russell Mid-Cap Grow	0.48%	9,597	$1.2M	Add +5.2%
HD Home Depot Inc.	0.47%	3,087	$1.2M	Reduce -3.1%
FTNT Fortinet Inc.	0.43%	11,658	$1.1M	Add +3.9%
ACN Accenture PLC Class A	0.43%	3,115	$1.1M	Reduce -6.8%
PG The Procter & Gamble Co.	0.42%	6,418	$1.1M	Add +321.7%
DHR Danaher Corp.	0.40%	4,477	$1.0M	Add +7.2%
PRTA Prothena Corp. PLC	0.38%	69,199	$958K	Add +42.0%
JNJ Johnson & Johnson	0.37%	6,439	$931K	Add +42.4%
COST Costco Wholesale Corp.	0.36%	1,004	$920K	Add +11.4%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.36%	3,236	$906K	Add +5.4%
MPC Marathon Petroleum Corp.	0.35%	6,452	$900K	Add +4.3%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.35%	2,101	$894K	Add +0.1%
DE Deere & Co.	0.34%	2,062	$874K	Add +43.0%
ABBV Abbvie Inc.	0.34%	4,860	$864K	Add +14.1%
CPRT Copart Inc.	0.34%	15,007	$861K	Reduce -2.8%
CRM Salesforce Inc.	0.34%	2,547	$852K	Add +11.0%
XOM Exxon Mobil Corp.	0.33%	7,760	$835K	Add +35.2%
VIGI Vanguard Int Div App Indx FD	0.31%	9,903	$792K	Add +2.2%
RMD Resmed Inc.	0.31%	3,398	$777K	Reduce -0.1%
PEP Pepsico Inc.	0.30%	5,010	$762K	Add +1.8%
MRK Merck & Co. Inc.	0.30%	7,656	$762K	Add +66.0%
PHM Pultegroup Inc.	0.30%	6,937	$755K	Reduce -4.0%
LMT Lockheed Martin Corp.	0.30%	1,546	$751K	Reduce -7.0%
BN Brookfield Corp.	0.29%	13,030	$749K	Reduce -2.4%
IGHG Proshares Ig Hedged	0.29%	9,546	$746K	No change
JBL Jabil Inc.	0.29%	5,138	$739K	Add +3.6%
RSP Invesco S&P 500 Equal Weight	0.29%	4,164	$730K	New
CMCSA Comcast Corp. Class A	0.28%	19,072	$716K	Reduce -4.7%
GOOGL Alphabet Inc. Class A	0.27%	3,676	$696K	Add +21.1%
WDAY Workday Inc. Class A	0.27%	2,653	$685K	Add +13.9%
BOND PIMCO Active Bond Exchange-T	0.27%	7,556	$683K	Add +113.9%
AMGN Amgen Inc.	0.27%	2,619	$683K	Add +14.1%
APLS Apellis Pharmaceuticals Inc.	0.27%	21,125	$674K	No change
USFD US Foods Holding Corp.	0.25%	9,436	$637K	Reduce -0.5%
CIFR Cipher Digital Inc.	0.25%	137,000	$636K	Reduce -4.2%
TSLA Tesla Inc.	0.25%	1,565	$632K	Add +53.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.25%	2,845	$625K	Add +168.4%
GS Goldman Sachs Group Inc.	0.24%	1,069	$612K	New
HYZD Wisdomtree Interest Rate Hed	0.23%	26,237	$584K	Reduce -0.4%
TFC Truist Financial Corp.	0.23%	13,353	$579K	Reduce -8.2%
MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET	0.22%	16,990	$560K	Add +2.4%
ABT Abbott Laboratories	0.21%	4,660	$527K	Add +32.4%
SPYM Ste STR SPDR PT S&P 500 ETF	0.20%	7,498	$517K	New
ORCL Oracle Corp.	0.20%	3,076	$513K	Add +141.1%
EFA iShares MSCI Eafe ETF	0.20%	6,755	$511K	Add +59.0%
META Meta Platforms Inc. Class A	0.20%	872	$511K	Add +27.1%
AVGO Broadcom Inc.	0.19%	2,108	$489K	Reduce -9.3%
RRBI Red River Bancshares Inc.	0.19%	9,050	$489K	Add +20.7%
LIN Linde PLC	0.19%	1,158	$485K	Add +5.2%
NOC Northrop Grumman Corp.	0.18%	1,000	$469K	No change
ICVT iShares Convertible Bond ETF	0.18%	5,372	$456K	Add +34.3%
JPM JPMorgan Chase & Co.	0.18%	1,887	$452K	Add +70.2%
GD General Dynamics Corp.	0.17%	1,600	$422K	Add +100.0%
PFE Pfizer Inc.	0.16%	15,623	$414K	Add +39.4%
BMY Bristol-Myers Squibb Co.	0.16%	7,268	$411K	Add +79.5%
WM Waste Management Inc.	0.16%	2,020	$408K	No change
CWB SS SPDR BB Conv Sec ETF	0.16%	5,160	$402K	No change
WFC Wells Fargo & Co.	0.16%	5,714	$401K	Reduce -4.5%
RNST Renasant Corp.	0.16%	11,115	$397K	No change
XRN Global Medical REIT Inc.	0.15%	50,958	$393K	Reduce -6.2%
BSV Vanguard Short-Term Bond ETF	0.15%	4,952	$383K	No change
AMD Advanced Micro Devices	0.15%	3,117	$377K	Reduce -5.2%
MGV Vngrd Mrgstr MG CP VL ETF-Ui	0.15%	3,006	$375K	No change
IWR iShares Russell Mid-Cap ETF	0.15%	4,191	$370K	Reduce -0.6%
ITA iShares U.S. Aerospace & Def	0.14%	2,532	$368K	Reduce -8.1%
QUAL iShares MSCI USA Quality Fac	0.14%	2,058	$366K	New
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.14%	12,145	$355K	Reduce -19.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.13%	7,721	$339K	New
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.13%	1,280	$325K	New
VNQ Vanguard Real Estate ETF	0.13%	3,628	$323K	Add +10.6%
NUE Nucor Corp.	0.12%	2,705	$316K	Add +49.9%
MAA Mid-America Apartment Comm	0.12%	1,928	$298K	No change
KO The Coca-Cola Co.	0.11%	4,600	$286K	Reduce -2.8%
DOC Healthpeak Properties Inc.	0.11%	13,822	$280K	Reduce -1.7%
IEI iShares 3-7 Year Treasury Bo	0.11%	2,413	$279K	Add +5.0%
LHX L3HARRIS Technologies Inc.	0.11%	1,317	$277K	No change
YUM Yum! Brands Inc.	0.11%	2,059	$276K	No change
BIV Vanguard Intermediate-Term B	0.11%	3,694	$276K	Reduce -50.3%
ALL Allstate Corp.	0.11%	1,400	$270K	New
PSX Phillips 66	0.10%	2,322	$265K	No change
DYNF Ishrs US E F R A ETF-Usd Inc.	0.10%	5,080	$260K	New
PM Philip Morris International	0.10%	2,162	$260K	New
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.10%	2,466	$259K	Add +0.5%
MRSH Marsh & McLennan Cos	0.10%	1,215	$258K	New
SCHG Schwab US Large-Cap Growth	0.10%	9,235	$257K	New
IVV iShares Core S&P 500 ETF	0.10%	434	$255K	Add +16.0%
NVTS Navitas Semiconductor Corp.	0.10%	70,000	$250K	No change
NKE Nike Inc. Class B	0.10%	3,267	$247K	New
EPD Enterprise Products Partners	0.10%	7,850	$246K	Add +1.1%
VZ Verizon Communications Inc.	0.09%	6,023	$241K	Reduce -14.9%
T AT&T Inc.	0.09%	10,519	$240K	Reduce -0.0%
MSTR Strategy Inc. filed as MICROSTRATEGY INC	0.09%	820	$237K	New
SO The Southern Co.	0.09%	2,878	$237K	Add +0.4%
CADE Cadence Bank	0.09%	6,817	$235K	Add +6.2%
IEMG iShares Core MSCI Emerging	0.09%	4,142	$216K	Reduce -1.0%
COP Conocophillips	0.08%	2,159	$214K	New
CGGR Cap Group Growth Equity	0.08%	5,760	$214K	New
DVY iShares Select Dividend ETF	0.08%	1,591	$209K	New
VCSH Vanguard S/T Corp. Bond ETF	0.08%	2,667	$208K	Reduce -1.0%
PLTR Palantir Technologies Inc. Class A	0.08%	2,714	$205K	New
PDBC Invesco Optimum Yield Divers	0.06%	12,529	$163K	Reduce -45.9%
STRW Strawberry Fields REIT Inc.	0.06%	15,360	$162K	Add +1.4%
CORZ Core Scientific Inc.	0.06%	10,031	$141K	New
EOSE Eos Energy Enterprises Inc.	0.04%	21,000	$102K	No change
AQN Algonquin Power & Utilities	0.03%	19,800	$88K	New
ACP Abrdn Income Credit Strat	0.02%	10,093	$60K	No change
REDWOOD TRUST INC (RWT 7.75 06/15/27)	0.01%	25,000	$24K	No change
CAN Canaan Inc.	0.01%	10,000	$21K	New

Portfolio Sells Q3 2024 → Q4 2024


KKR KKR & Co. Inc.	Reduce -21.1%	0.60%	−0.34
FHN First Horizon Corp.	Reduce -3.3%	2.84%	−0.33
PHM Pultegroup Inc.	Reduce -4.0%	0.30%	−0.27
NVDA Nvidia Corp.	Reduce -18.3%	0.49%	−0.27
RGLD Royal Gold Inc.	Sold out	0.00%	−0.26
LMT Lockheed Martin Corp.	Reduce -7.0%	0.30%	−0.24
HD Home Depot Inc.	Reduce -3.1%	0.47%	−0.24
ACN Accenture PLC Class A	Reduce -6.8%	0.43%	−0.22
BIV Vanguard Intermediate-Term B	Reduce -50.3%	0.11%	−0.21
IBIT iShares Bitcoin Trust ETF	Sold out	0.00%	−0.21
CMCSA Comcast Corp. Class A	Reduce -4.7%	0.28%	−0.18
ANAB Anaptysbio Inc.	Sold out	0.00%	−0.16
RMD Resmed Inc.	Reduce -0.1%	0.31%	−0.15
AMD Advanced Micro Devices	Reduce -5.2%	0.15%	−0.15
XRN Global Medical REIT Inc.	Reduce -6.2%	0.15%	−0.14
VICI Vici Properties Inc.	Reduce -19.7%	0.14%	−0.14
PNFP Pinnacle Financial Partners	Reduce -3.0%	0.56%	−0.13
ASML ASML Holding NV-NY Reg SHS	Sold out	0.00%	−0.12
LLY Eli Lilly & Co.	Sold out	0.00%	−0.12
CSCO Cisco Systems Inc.	Sold out	0.00%	−0.12
TFC Truist Financial Corp.	Reduce -8.2%	0.23%	−0.11
PDBC Invesco Optimum Yield Divers	Reduce -45.9%	0.06%	−0.11
CPRT Copart Inc.	Reduce -2.8%	0.34%	−0.11
BN Brookfield Corp.	Reduce -2.4%	0.29%	−0.10
HYZD Wisdomtree Interest Rate Hed	Reduce -0.4%	0.23%	−0.09
ITA iShares U.S. Aerospace & Def	Reduce -8.1%	0.14%	−0.08
VZ Verizon Communications Inc.	Reduce -14.9%	0.09%	−0.08
KO The Coca-Cola Co.	Reduce -2.8%	0.11%	−0.07
USFD US Foods Holding Corp.	Reduce -0.5%	0.25%	−0.07
DOC Healthpeak Properties Inc.	Reduce -1.7%	0.11%	−0.07
IWR iShares Russell Mid-Cap ETF	Reduce -0.6%	0.15%	−0.06
CIFR Cipher Digital Inc.	Reduce -4.2%	0.25%	−0.05
IEMG iShares Core MSCI Emerging	Reduce -1.0%	0.09%	−0.05
VCSH Vanguard S/T Corp. Bond ETF	Reduce -1.0%	0.08%	−0.04
T AT&T Inc.	Reduce -0.0%	0.09%	−0.03
AVGO Broadcom Inc.	Reduce -9.3%	0.19%	−0.03
WFC Wells Fargo & Co.	Reduce -4.5%	0.16%	−0.03
DANIMER SCIENTIFIC INC	Sold out	0.00%	−0.01

Portfolio Buys Q3 2024 → Q4 2024


VOO Vanguard S&P 500 ETF	Add +3146.4%	3.01%	+2.88
BRK.B Berkshire Hathaway Inc. Class B	Add +1213.8%	2.52%	+2.24
VB Vanguard Most SM-Cap ETF-Usd	Add +818.2%	1.93%	+1.64
VEA Vanguard Ftse Developed ETF	New	1.47%	+1.47
AAPL Apple Inc.	Add +73.5%	5.71%	+1.43
VWO Vanguard Ftse Emerging Marke	New	1.28%	+1.28
VO Vngrd Mrngstr MD-Cap ETF-Usd	New	1.16%	+1.16
VTV Vanguard Mrngstr Val ETF-Aui	Add +100.5%	2.97%	+0.83
FDX FedEx Corp.	Add +198.4%	1.41%	+0.77
VONG Vanguard Russell 1000 Growth	New	0.55%	+0.55
MA Mastercard Inc. Class A	Add +124.0%	1.31%	+0.54
AMZN Amazon.com Inc.	Add +65.7%	1.88%	+0.53
WMT Walmart Inc.	Add +148.1%	0.95%	+0.47
V Visa Inc. Class A	Add +73.6%	1.23%	+0.37
GOOG Alphabet Inc. Class C	Add +251.7%	0.55%	+0.36
RSP Invesco S&P 500 Equal Weight	New	0.29%	+0.29
PG The Procter & Gamble Co.	Add +321.7%	0.42%	+0.28
SPY SS SPDR S&P 500 ETF Trust-US	Add +84.7%	1.01%	+0.26
GS Goldman Sachs Group Inc.	New	0.24%	+0.24
RF Regions Financial Corp.	Add +87.6%	0.82%	+0.21
SPYM Ste STR SPDR PT S&P 500 ETF	New	0.20%	+0.20
CGXU Cap Group Intl Focus	Add +118.6%	0.53%	+0.16
QUAL iShares MSCI USA Quality Fac	New	0.14%	+0.14
BAC Bank of America Corp.	New	0.13%	+0.13
VOT Vngrd Mrngstr MC GRW ETF-Usd	New	0.13%	+0.13
IBM Intl Business Machines Corp.	Add +168.4%	0.25%	+0.12
XMHQ Invesco S&P Midcap Qual ETF	Add +66.4%	0.92%	+0.11
ALL Allstate Corp.	New	0.11%	+0.11
DYNF Ishrs US E F R A ETF-Usd Inc.	New	0.10%	+0.10
PM Philip Morris International	New	0.10%	+0.10
TSLA Tesla Inc.	Add +53.7%	0.25%	+0.10
MRSH Marsh & McLennan Cos	New	0.10%	+0.10
SCHG Schwab US Large-Cap Growth	New	0.10%	+0.10
NKE Nike Inc. Class B	New	0.10%	+0.10
MSTR Strategy Inc.	New	0.09%	+0.09
BOND PIMCO Active Bond Exchange-T	Add +113.9%	0.27%	+0.08
CGGR Cap Group Growth Equity	New	0.08%	+0.08
COP Conocophillips	New	0.08%	+0.08
DVY iShares Select Dividend ETF	New	0.08%	+0.08
ORCL Oracle Corp.	Add +141.1%	0.20%	+0.08
PLTR Palantir Technologies Inc. Class A	New	0.08%	+0.08
CORZ Core Scientific Inc.	New	0.06%	+0.06
JPM JPMorgan Chase & Co.	Add +70.2%	0.18%	+0.05
BMY Bristol-Myers Squibb Co.	Add +79.5%	0.16%	+0.05
GSSC Goldman Sachs Activebeta US	Add +51.0%	0.60%	+0.04
AQN Algonquin Power & Utilities	New	0.03%	+0.03
GD General Dynamics Corp.	Add +100.0%	0.17%	+0.03
DE Deere & Co.	Add +43.0%	0.34%	+0.01
MRK Merck & Co. Inc.	Add +66.0%	0.30%	+0.01
CAN Canaan Inc.	New	0.01%	+0.01

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