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

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 Q3 2024 Q4 2024: $254.0M Q4 2024 Q1 2025: $276.8M $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 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%
IWR iShares Russell Mid-Cap ETF 0.13% 4,187 $356K Reduce -0.1%
AVGO Broadcom Inc. 0.13% 2,109 $353K Add +0.1%
ICVT iShares Convertible Bond ETF 0.12% 4,001 $335K Reduce -25.5%
AMD Advanced Micro Devices 0.12% 3,242 $333K Add +4.0%
CIFR Cipher Digital Inc. 0.12% 141,434 $325K Add +3.2%
MAA Mid-America Apartment Comm 0.12% 1,928 $323K No change
YUM Yum! Brands Inc. 0.12% 2,050 $323K Reduce -0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.12% 7,669 $320K Reduce -0.7%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.11% 1,281 $313K Add +0.1%
T AT&T Inc. 0.11% 10,584 $299K Add +0.6%
KO The Coca-Cola Co. 0.11% 4,093 $293K Reduce -11.0%
MRSH Marsh & McLennan Cos 0.11% 1,200 $293K Reduce -1.2%
ALL Allstate Corp. 0.10% 1,402 $290K Add +0.1%
VNQ Vanguard Real Estate ETF 0.10% 3,144 $285K Reduce -13.3%
BIV Vanguard Intermediate-Term B 0.10% 3,694 $283K No change
PSX Phillips 66 0.10% 2,287 $282K Reduce -1.5%
EPD Enterprise Products Partners 0.10% 8,207 $280K Add +4.5%
DOC Healthpeak Properties Inc. 0.10% 13,847 $280K Add +0.2%
LHX L3HARRIS Technologies Inc. 0.10% 1,317 $276K No change
IEI iShares 3-7 Year Treasury Bo 0.10% 2,329 $275K Reduce -3.5%
VZ Verizon Communications Inc. 0.10% 6,040 $274K Add +0.3%
NUE Nucor Corp. 0.10% 2,255 $271K Reduce -16.6%
SO The Southern Co. 0.10% 2,924 $269K Add +1.6%
ZYME Zymeworks Inc. 0.10% 22,095 $263K New
PLTR Palantir Technologies Inc. Class A 0.09% 2,985 $252K Add +10.0%
IVV iShares Core S&P 500 ETF 0.09% 435 $245K Add +0.2%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.09% 832 $240K Add +1.5%
SPSM SS SPDR P S&P 600 Small Cap 0.08% 5,637 $230K New
COP Conocophillips 0.08% 2,128 $223K Reduce -1.4%
IEMG iShares Core MSCI Emerging 0.08% 4,107 $222K Reduce -0.8%
AFL Aflac Inc. 0.08% 1,967 $219K New
DVY iShares Select Dividend ETF 0.08% 1,597 $215K Add +0.4%
CGGR Cap Group Growth Equity 0.08% 6,261 $214K Add +8.7%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.08% 2,482 $214K Add +0.7%
VCSH Vanguard S/T Corp. Bond ETF 0.08% 2,685 $212K Add +0.7%
LLY Eli Lilly & Co. 0.08% 253 $209K New
NKE Nike Inc. Class B 0.07% 3,268 $207K Add +0.0%
CADE Cadence Bank 0.07% 6,817 $207K No change
STRW Strawberry Fields REIT Inc. 0.06% 15,028 $179K Reduce -2.2%
PDBC Invesco Optimum Yield Divers 0.06% 12,455 $170K Reduce -0.6%
NVTS Navitas Semiconductor Corp. 0.05% 70,000 $144K No change
CORZ Core Scientific Inc. 0.05% 18,031 $131K Add +79.8%
AQN Algonquin Power & Utilities 0.04% 19,800 $102K No change
EOSE Eos Energy Enterprises Inc. 0.03% 20,500 $77K Reduce -2.4%
ACP Abrdn Income Credit Strat 0.02% 10,093 $59K No change
REDWOOD TRUST INC (RWT 7.75 06/15/27) 0.01% 25,000 $25K No change
CAN Canaan Inc. 0.00% 10,000 $9K No change

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

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