Duncan Williams Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), Duncan Williams Asset Management, LLC reported 147 stock positions worth $276.8 million. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 13.0% of the portfolio, followed by Wisdomtree U.S. Quality Divi (DGRW, 11.2%) and Schwab US DVD Equity ETF (SCHD, 10.6%). Compared with Q4 2024, it opened 6 new positions, sold out of 5, added to 77 and reduced 39. The biggest buy was Wisdomtree U.S. Quality Divi (DGRW, shares +129%) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0002011771
- Portfolio Value
- $276.8M (Q1 2025)
- SEC Filing
- 0001765380-25-000146 ↗ filed Apr 21, 2025
Holdings Value
Holdings 147 stocks · $276.8M
| VUG Vanguard Mrngstar GR ETF-Sui | 12.97% | 96,853 | $35.9M | Add +5.9% |
| DGRW Wisdomtree U.S. Quality Divi | 11.21% | 388,462 | $31.0M | Add +128.6% |
| SCHD Schwab US DVD Equity ETF | 10.55% | 1,044,607 | $29.2M | Add +10.2% |
| AAPL Apple Inc. | 4.60% | 57,301 | $12.7M | Reduce -1.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.87% | 45,989 | $7.9M | Add +3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.78% | 14,425 | $7.7M | Add +2.3% |
| VOO Vanguard S&P 500 ETF | 2.70% | 14,563 | $7.5M | Add +2.6% |
| FHN First Horizon Corp. | 2.52% | 358,769 | $7.0M | Add +0.1% |
| MSFT Microsoft Corp. | 2.51% | 18,484 | $6.9M | Add +6.3% |
| QQQ Invesco QQQ Trust Series 1 | 2.00% | 11,778 | $5.5M | Add +6.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.97% | 24,638 | $5.5M | Add +20.6% |
| VEA Vanguard Ftse Developed ETF | 1.90% | 103,371 | $5.3M | Add +32.0% |
| AZO AutoZone Inc. | 1.71% | 1,245 | $4.7M | Reduce -3.8% |
| VWO Vanguard Ftse Emerging Marke | 1.58% | 96,362 | $4.4M | Add +30.5% |
| AMZN Amazon.com Inc. | 1.56% | 22,701 | $4.3M | Add +4.4% |
| MA Mastercard Inc. Class A | 1.31% | 6,595 | $3.6M | Add +4.3% |
| V Visa Inc. Class A | 1.28% | 10,124 | $3.5M | Add +2.7% |
| FDX FedEx Corp. | 1.08% | 12,276 | $3.0M | Reduce -3.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.05% | 11,197 | $2.9M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.03% | 5,084 | $2.8M | Add +16.7% |
| WMT Walmart Inc. | 0.86% | 26,985 | $2.4M | Add +0.7% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.84% | 25,541 | $2.3M | Add +7.1% |
| VIG Vanguard Dividend Apprec ETF | 0.80% | 11,480 | $2.2M | Reduce -6.8% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.80% | 30,136 | $2.2M | Add +13.7% |
| CSM Proshares Large Cap Core Plu | 0.73% | 31,688 | $2.0M | Reduce -0.0% |
| PDI PIMCO Dynamic Income Fund | 0.70% | 98,155 | $1.9M | Add +4.0% |
| RF Regions Financial Corp. | 0.70% | 88,879 | $1.9M | Add +0.0% |
| MUNI PIMCO Intermediate Municipal | 0.64% | 34,311 | $1.8M | Reduce -0.7% |
| GSSC Goldman Sachs Activebeta US | 0.59% | 25,806 | $1.6M | Add +16.7% |
| UNH Unitedhealth Group Inc. | 0.55% | 2,922 | $1.5M | Add +7.4% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.54% | 60,522 | $1.5M | Add +11.2% |
| EGP Eastgroup Properties Inc. | 0.53% | 8,300 | $1.5M | No change |
| PNFP Pinnacle Financial Partners | 0.48% | 12,443 | $1.3M | No change |
| COST Costco Wholesale Corp. | 0.46% | 1,357 | $1.3M | Add +35.2% |
| KKR KKR & Co. Inc. | 0.46% | 11,036 | $1.3M | Add +6.3% |
| VONG Vanguard Russell 1000 Growth | 0.45% | 13,558 | $1.3M | Add +0.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.45% | 12,452 | $1.2M | Reduce -1.1% |
| FTNT Fortinet Inc. | 0.43% | 12,366 | $1.2M | Add +6.1% |
| GOOG Alphabet Inc. Class C | 0.41% | 7,311 | $1.1M | Reduce -1.2% |
| PG The Procter & Gamble Co. | 0.41% | 6,680 | $1.1M | Add +4.1% |
| HD Home Depot Inc. | 0.41% | 3,093 | $1.1M | Add +0.2% |
| IWP iShares Russell Mid-Cap Grow | 0.41% | 9,593 | $1.1M | Reduce -0.0% |
| PRTA Prothena Corp. PLC | 0.39% | 88,339 | $1.1M | Add +27.7% |
| ACN Accenture PLC Class A | 0.39% | 3,502 | $1.1M | Add +12.4% |
| JNJ Johnson & Johnson | 0.38% | 6,419 | $1.1M | Reduce -0.3% |
| CPRT Copart Inc. | 0.38% | 18,781 | $1.1M | Add +25.1% |
| RSP Invesco S&P 500 Equal Weight | 0.38% | 6,104 | $1.1M | Add +46.6% |
| CMCSA Comcast Corp. Class A | 0.38% | 28,459 | $1.1M | Add +49.2% |
| MPC Marathon Petroleum Corp. | 0.38% | 7,167 | $1.0M | Add +11.1% |
| ABBV Abbvie Inc. | 0.37% | 4,933 | $1.0M | Add +1.5% |
| NVDA Nvidia Corp. | 0.37% | 9,389 | $1.0M | Add +0.6% |
| PEP Pepsico Inc. | 0.35% | 6,375 | $956K | Add +27.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.33% | 2,188 | $919K | Add +4.1% |
| XOM Exxon Mobil Corp. | 0.33% | 7,564 | $900K | Reduce -2.5% |
| RMD Resmed Inc. | 0.31% | 3,869 | $866K | Add +13.9% |
| DE Deere & Co. | 0.31% | 1,812 | $851K | Reduce -12.1% |
| CRM Salesforce Inc. | 0.30% | 3,136 | $842K | Add +23.1% |
| VIGI Vanguard Int Div App Indx FD | 0.30% | 9,961 | $826K | Add +0.6% |
| LIN Linde PLC | 0.30% | 1,757 | $818K | Add +51.7% |
| AMGN Amgen Inc. | 0.29% | 2,619 | $816K | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.29% | 3,236 | $815K | No change |
| PHM Pultegroup Inc. | 0.29% | 7,860 | $808K | Add +13.3% |
| JBL Jabil Inc. | 0.27% | 5,578 | $759K | Add +8.6% |
| BN Brookfield Corp. | 0.27% | 14,311 | $750K | Add +9.8% |
| WDAY Workday Inc. Class A | 0.27% | 3,154 | $737K | Add +18.9% |
| IGHG Proshares Ig Hedged | 0.27% | 9,546 | $734K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 2,880 | $716K | Add +1.2% |
| BOND PIMCO Active Bond Exchange-T | 0.25% | 7,515 | $695K | Reduce -0.5% |
| USFD US Foods Holding Corp. | 0.24% | 10,300 | $674K | Add +9.2% |
| MRK Merck & Co. Inc. | 0.24% | 7,281 | $654K | Reduce -4.9% |
| TSLA Tesla Inc. | 0.22% | 2,387 | $619K | Add +52.5% |
| ABT Abbott Laboratories | 0.22% | 4,595 | $610K | Reduce -1.4% |
| VXUS Vanguard Total Intl Stock | 0.21% | 9,583 | $595K | New |
| GS Goldman Sachs Group Inc. | 0.21% | 1,070 | $584K | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.21% | 3,746 | $579K | Add +1.9% |
| HYZD Wisdomtree Interest Rate Hed | 0.21% | 26,181 | $573K | Reduce -0.2% |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.21% | 16,626 | $570K | Reduce -2.1% |
| LRN Stride Inc. | 0.20% | 4,413 | $558K | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.20% | 17,083 | $557K | Add +40.7% |
| EFA iShares MSCI Eafe ETF | 0.20% | 6,755 | $552K | No change |
| TFC Truist Financial Corp. | 0.19% | 12,876 | $530K | Reduce -3.6% |
| NOC Northrop Grumman Corp. | 0.18% | 1,000 | $512K | No change |
| DHR Danaher Corp. | 0.18% | 2,410 | $494K | Reduce -46.2% |
| WM Waste Management Inc. | 0.17% | 2,020 | $468K | No change |
| RRBI Red River Bancshares Inc. | 0.17% | 9,050 | $467K | No change |
| META Meta Platforms Inc. Class A | 0.17% | 805 | $464K | Reduce -7.7% |
| JPM JPMorgan Chase & Co. | 0.17% | 1,887 | $463K | No change |
| APLS Apellis Pharmaceuticals Inc. | 0.17% | 21,125 | $462K | No change |
| XRN Global Medical REIT Inc. | 0.16% | 52,130 | $456K | Add +2.3% |
| BMY Bristol-Myers Squibb Co. | 0.16% | 7,270 | $443K | Add +0.0% |
| GD General Dynamics Corp. | 0.16% | 1,600 | $436K | No change |
| ORCL Oracle Corp. | 0.15% | 3,002 | $420K | Reduce -2.4% |
| WFC Wells Fargo & Co. | 0.15% | 5,621 | $403K | Reduce -1.6% |
| ITA iShares U.S. Aerospace & Def | 0.14% | 2,532 | $388K | No change |
| BSV Vanguard Short-Term Bond ETF | 0.14% | 4,952 | $388K | No change |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.14% | 3,006 | $387K | No change |
| PFE Pfizer Inc. | 0.14% | 15,174 | $384K | Reduce -2.9% |
| RNST Renasant Corp. | 0.14% | 11,115 | $377K | No change |
| CWB SS SPDR BB Conv Sec ETF | 0.14% | 4,909 | $376K | Reduce -4.9% |
| PM Philip Morris International | 0.14% | 2,362 | $375K | Add +9.3% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -1.0% | 4.60% | −1.11 |
| FDX FedEx Corp. | Reduce -3.5% | 1.08% | −0.33 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.30 |
| DHR Danaher Corp. | Reduce -46.2% | 0.18% | −0.23 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.20 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.8% | 0.80% | −0.15 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.14 |
| GOOG Alphabet Inc. Class C | Reduce -1.2% | 0.41% | −0.14 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Sold out | 0.00% | −0.10 |
| SCHG Schwab US Large-Cap Growth | Sold out | 0.00% | −0.10 |
| CSM Proshares Large Cap Core Plu | Reduce -0.0% | 0.73% | −0.10 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.0% | 0.41% | −0.07 |
| MUNI PIMCO Intermediate Municipal | Reduce -0.7% | 0.64% | −0.06 |
| MRK Merck & Co. Inc. | Reduce -4.9% | 0.24% | −0.06 |
| ICVT iShares Convertible Bond ETF | Reduce -25.5% | 0.12% | −0.06 |
| ORCL Oracle Corp. | Reduce -2.4% | 0.15% | −0.05 |
| DE Deere & Co. | Reduce -12.1% | 0.31% | −0.04 |
| TFC Truist Financial Corp. | Reduce -3.6% | 0.19% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -7.7% | 0.17% | −0.03 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -1.1% | 0.45% | −0.03 |
| NUE Nucor Corp. | Reduce -16.6% | 0.10% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -13.3% | 0.10% | −0.02 |
| PFE Pfizer Inc. | Reduce -2.9% | 0.14% | −0.02 |
| HYZD Wisdomtree Interest Rate Hed | Reduce -0.2% | 0.21% | −0.02 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -4.9% | 0.14% | −0.02 |
| BAC Bank of America Corp. | Reduce -0.7% | 0.12% | −0.02 |
| BOND PIMCO Active Bond Exchange-T | Reduce -0.5% | 0.25% | −0.02 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.1% | 0.13% | −0.02 |
| MNA Nylim Merger Arbtrage ETF-Ui | Reduce -2.1% | 0.21% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -1.6% | 0.15% | −0.01 |
| EOSE Eos Energy Enterprises Inc. | Reduce -2.4% | 0.03% | −0.01 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -3.5% | 0.10% | −0.01 |
| KO The Coca-Cola Co. | Reduce -11.0% | 0.11% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -0.8% | 0.08% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -2.5% | 0.33% | −0.00 |
| COP Conocophillips | Reduce -1.4% | 0.08% | −0.00 |
| PDBC Invesco Optimum Yield Divers | Reduce -0.6% | 0.06% | −0.00 |
| PSX Phillips 66 | Reduce -1.5% | 0.10% | −0.00 |
| STRW Strawberry Fields REIT Inc. | Reduce -2.2% | 0.06% | +0.00 |
| MRSH Marsh & McLennan Cos | Reduce -1.2% | 0.11% | +0.00 |
| YUM Yum! Brands Inc. | Reduce -0.4% | 0.12% | +0.01 |
| ABT Abbott Laboratories | Reduce -1.4% | 0.22% | +0.01 |
| JNJ Johnson & Johnson | Reduce -0.3% | 0.38% | +0.02 |
| AZO AutoZone Inc. | Reduce -3.8% | 1.71% | +0.08 |
Portfolio Buys Q4 2024 → Q1 2025
| DGRW Wisdomtree U.S. Quality Divi | Add +128.6% | 11.21% | +5.79 |
| VEA Vanguard Ftse Developed ETF | Add +32.0% | 1.90% | +0.42 |
| SCHD Schwab US DVD Equity ETF | Add +10.2% | 10.55% | +0.35 |
| VWO Vanguard Ftse Emerging Marke | Add +30.5% | 1.58% | +0.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.3% | 2.78% | +0.26 |
| VXUS Vanguard Total Intl Stock | New | 0.21% | +0.21 |
| LRN Stride Inc. | New | 0.20% | +0.20 |
| LIN Linde PLC | Add +51.7% | 0.30% | +0.10 |
| COST Costco Wholesale Corp. | Add +35.2% | 0.46% | +0.10 |
| CMCSA Comcast Corp. Class A | Add +49.2% | 0.38% | +0.10 |
| ZYME Zymeworks Inc. | New | 0.10% | +0.10 |
| RSP Invesco S&P 500 Equal Weight | Add +46.6% | 0.38% | +0.09 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +13.7% | 0.80% | +0.09 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.08% | +0.08 |
| AFL Aflac Inc. | New | 0.08% | +0.08 |
| LLY Eli Lilly & Co. | New | 0.08% | +0.08 |
| VICI Vici Properties Inc. | Add +40.7% | 0.20% | +0.06 |
| V Visa Inc. Class A | Add +2.7% | 1.28% | +0.05 |
| PEP Pepsico Inc. | Add +27.3% | 0.35% | +0.05 |
| CPRT Copart Inc. | Add +25.1% | 0.38% | +0.04 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +20.6% | 1.97% | +0.04 |
| ABBV Abbvie Inc. | Add +1.5% | 0.37% | +0.03 |
| PM Philip Morris International | Add +9.3% | 0.14% | +0.03 |
| MPC Marathon Petroleum Corp. | Add +11.1% | 0.38% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.7% | 1.03% | +0.02 |
| PDI PIMCO Dynamic Income Fund | Add +4.0% | 0.70% | +0.02 |
| PRTA Prothena Corp. PLC | Add +27.7% | 0.39% | +0.02 |
| T AT&T Inc. | Add +0.6% | 0.11% | +0.01 |
| IBM Intl Business Machines Corp. | Add +1.2% | 0.26% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +7.4% | 0.55% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +10.0% | 0.09% | +0.01 |
| XRN Global Medical REIT Inc. | Add +2.3% | 0.16% | +0.01 |
| RMD Resmed Inc. | Add +13.9% | 0.31% | +0.01 |
| CGXU Cap Group Intl Focus | Add +11.2% | 0.54% | +0.01 |
| EPD Enterprise Products Partners | Add +4.5% | 0.10% | +0.00 |
| VZ Verizon Communications Inc. | Add +0.3% | 0.10% | +0.00 |
| SO The Southern Co. | Add +1.6% | 0.10% | +0.00 |
| ALL Allstate Corp. | Add +0.1% | 0.10% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Add +0.0% | 0.16% | −0.00 |
| WDAY Workday Inc. Class A | Add +18.9% | 0.27% | −0.00 |
| FTNT Fortinet Inc. | Add +6.1% | 0.43% | −0.00 |
| DVY iShares Select Dividend ETF | Add +0.4% | 0.08% | −0.00 |
| MA Mastercard Inc. Class A | Add +4.3% | 1.31% | −0.01 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +0.7% | 0.08% | −0.01 |
| PHM Pultegroup Inc. | Add +13.3% | 0.29% | −0.01 |
| CGGR Cap Group Growth Equity | Add +8.7% | 0.08% | −0.01 |
| MSTR Strategy Inc. | Add +1.5% | 0.09% | −0.01 |
| USFD US Foods Holding Corp. | Add +9.2% | 0.24% | −0.01 |
| CORZ Core Scientific Inc. | Add +79.8% | 0.05% | −0.01 |
| DOC Healthpeak Properties Inc. | Add +0.2% | 0.10% | −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 |