Duncan Williams Asset Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 22, 2025), Duncan Williams Asset Management, LLC reported 154 stock positions worth $316.8 million. Its top holding was Vanguard Mrngstar GR ETF-Sui (VUG) at 13.9% of the portfolio, followed by Wisdomtree U.S. Quality Divi (DGRW, 11.7%) and Schwab US DVD Equity ETF (SCHD, 9.4%). Compared with Q1 2025, it opened 9 new positions, sold out of 2, added to 82 and reduced 34. The biggest buy was Goldman Sachs Activebeta US (GSSC, shares +421%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0002011771
Portfolio Value
$316.8M (Q2 2025)
SEC Filing
0001765380-25-000255 ↗ filed Jul 22, 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 Q1 2025 Q2 2025: $316.8M $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 154 stocks · $316.8M
VUG Vanguard Mrngstar GR ETF-Sui 13.86% 100,169 $43.9M Add +3.4%
DGRW Wisdomtree U.S. Quality Divi 11.71% 442,863 $37.1M Add +14.0%
SCHD Schwab US DVD Equity ETF 9.41% 1,124,692 $29.8M Add +7.7%
AAPL Apple Inc. 3.60% 55,656 $11.4M Reduce -2.9%
MSFT Microsoft Corp. 3.09% 19,666 $9.8M Add +6.4%
GSSC Goldman Sachs Activebeta US 2.91% 134,394 $9.2M Add +420.8%
VOO Vanguard S&P 500 ETF 2.78% 15,504 $8.8M Add +6.5%
VTV Vanguard Mrngstr Val ETF-Aui 2.58% 46,237 $8.2M Add +0.5%
FHN First Horizon Corp. 2.40% 358,810 $7.6M Add +0.0%
BRK.B Berkshire Hathaway Inc. Class B 2.24% 14,625 $7.1M Add +1.4%
QQQ Invesco QQQ Trust Series 1 2.10% 12,048 $6.6M Add +2.3%
VEA Vanguard Ftse Developed ETF 1.95% 108,283 $6.2M Add +4.8%
VB Vanguard Most SM-Cap ETF-Usd 1.84% 24,619 $5.8M Reduce -0.1%
AMZN Amazon.com Inc. 1.66% 24,021 $5.3M Add +5.8%
VWO Vanguard Ftse Emerging Marke 1.63% 104,514 $5.2M Add +8.5%
AZO AutoZone Inc. 1.44% 1,232 $4.6M Reduce -1.0%
MA Mastercard Inc. Class A 1.19% 6,726 $3.8M Add +2.0%
V Visa Inc. Class A 1.16% 10,317 $3.7M Add +1.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.01% 11,399 $3.2M Add +1.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.00% 5,129 $3.2M Add +0.9%
FDX FedEx Corp. 0.86% 12,017 $2.7M Reduce -2.1%
WMT Walmart Inc. 0.83% 27,043 $2.6M Add +0.2%
XMHQ Invesco S&P Midcap Qual ETF 0.72% 23,150 $2.3M Reduce -9.4%
VYMI Vanguard Int High DVD YLD Inc. 0.72% 28,281 $2.3M Reduce -6.2%
GOOG Alphabet Inc. Class C 0.71% 12,660 $2.2M Add +73.2%
CSM Proshares Large Cap Core Plu 0.70% 31,688 $2.2M No change
VIG Vanguard Dividend Apprec ETF 0.70% 10,814 $2.2M Reduce -5.8%
RF Regions Financial Corp. 0.66% 88,881 $2.1M Add +0.0%
PDI PIMCO Dynamic Income Fund 0.60% 99,901 $1.9M Add +1.8%
MUNI PIMCO Intermediate Municipal 0.56% 34,560 $1.8M Add +0.7%
KKR KKR & Co. Inc. 0.54% 12,842 $1.7M Add +16.4%
NVDA Nvidia Corp. 0.54% 10,793 $1.7M Add +14.9%
FTNT Fortinet Inc. 0.49% 14,664 $1.6M Add +18.6%
VONG Vanguard Russell 1000 Growth 0.48% 14,068 $1.5M Add +3.8%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.47% 55,116 $1.5M Reduce -8.9%
COST Costco Wholesale Corp. 0.46% 1,478 $1.5M Add +8.9%
EFG iShares MSCI Eafe Growth ETF 0.44% 12,459 $1.4M Add +0.1%
EGP Eastgroup Properties Inc. 0.44% 8,300 $1.4M No change
PNFP Pinnacle Financial Partners 0.43% 12,443 $1.4M No change
MPC Marathon Petroleum Corp. 0.43% 8,239 $1.4M Add +15.0%
IWP iShares Russell Mid-Cap Grow 0.42% 9,593 $1.3M No change
UNH Unitedhealth Group Inc. 0.42% 4,246 $1.3M Add +45.3%
ACN Accenture PLC Class A 0.40% 4,188 $1.3M Add +19.6%
RMD Resmed Inc. 0.38% 4,618 $1.2M Add +19.4%
HD Home Depot Inc. 0.36% 3,100 $1.1M Add +0.2%
CPRT Copart Inc. 0.34% 21,855 $1.1M Add +16.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.33% 2,374 $1.0M Add +8.5%
BN Brookfield Corp. 0.33% 16,659 $1.0M Add +16.4%
PG The Procter & Gamble Co. 0.32% 6,303 $1.0M Reduce -5.6%
LIN Linde PLC 0.32% 2,135 $1.0M Add +21.5%
CRM Salesforce Inc. 0.31% 3,616 $986K Add +15.3%
PEP Pepsico Inc. 0.31% 7,395 $976K Add +16.0%
JNJ Johnson & Johnson 0.31% 6,387 $976K Reduce -0.5%
USFD US Foods Holding Corp. 0.29% 12,088 $931K Add +17.4%
PHM Pultegroup Inc. 0.29% 8,802 $928K Add +12.0%
ABBV Abbvie Inc. 0.29% 4,980 $924K Add +0.9%
LRN Stride Inc. 0.29% 6,242 $906K Add +41.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.28% 3,236 $896K No change
VIGI Vanguard Int Div App Indx FD 0.28% 9,784 $882K Reduce -1.8%
WDAY Workday Inc. Class A 0.28% 3,664 $879K Add +16.2%
TSLA Tesla Inc. 0.28% 2,746 $872K Add +15.0%
DE Deere & Co. 0.27% 1,692 $861K Reduce -6.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.27% 2,868 $845K Reduce -0.4%
XOM Exxon Mobil Corp. 0.25% 7,280 $785K Reduce -3.8%
GS Goldman Sachs Group Inc. 0.24% 1,083 $767K Add +1.2%
RSP Invesco S&P 500 Equal Weight 0.24% 4,155 $755K Reduce -31.9%
IGHG Proshares Ig Hedged 0.24% 9,546 $748K No change
AMGN Amgen Inc. 0.23% 2,622 $732K Add +0.1%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.23% 21,934 $715K Add +28.4%
VXUS Vanguard Total Intl Stock 0.22% 10,280 $710K Add +7.3%
BOND PIMCO Active Bond Exchange-T 0.22% 7,504 $692K Reduce -0.1%
ORCL Oracle Corp. 0.21% 3,019 $660K Add +0.6%
GOOGL Alphabet Inc. Class A 0.21% 3,686 $650K Reduce -1.6%
ABT Abbott Laboratories 0.20% 4,635 $630K Add +0.9%
TMUS T-Mobile US Inc. 0.20% 2,625 $625K New
AMD Advanced Micro Devices 0.19% 4,297 $610K Add +32.5%
EFA iShares MSCI Eafe ETF 0.19% 6,798 $608K Add +0.6%
AVGO Broadcom Inc. 0.19% 2,135 $589K Add +1.2%
BSY Bentley Systems Inc. Class B 0.19% 10,906 $589K New
MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 0.19% 16,626 $586K No change
HYZD Wisdomtree Interest Rate Hed 0.18% 26,139 $585K Reduce -0.2%
PLTR Palantir Technologies Inc. Class A 0.18% 4,291 $585K Add +43.8%
META Meta Platforms Inc. Class A 0.18% 784 $579K Reduce -2.6%
WM Waste Management Inc. 0.18% 2,520 $577K Add +24.8%
MRK Merck & Co. Inc. 0.18% 7,226 $572K Reduce -0.8%
TFC Truist Financial Corp. 0.18% 13,008 $559K Add +1.0%
JPM JPMorgan Chase & Co. 0.17% 1,897 $550K Add +0.5%
PRTA Prothena Corp. PLC 0.17% 88,339 $536K No change
RRBI Red River Bancshares Inc. 0.17% 9,050 $531K No change
TVARDI THERAPEUTICS INC COM 0.16% 21,830 $509K New
NOC Northrop Grumman Corp. 0.16% 1,000 $500K No change
DHR Danaher Corp. 0.16% 2,510 $496K Add +4.2%
ITA iShares U.S. Aerospace & Def 0.15% 2,533 $478K Add +0.0%
GD General Dynamics Corp. 0.15% 1,600 $467K No change
PM Philip Morris International 0.14% 2,493 $454K Add +5.5%
WFC Wells Fargo & Co. 0.14% 5,388 $432K Reduce -4.2%
CWB SS SPDR BB Conv Sec ETF 0.13% 4,909 $406K No change
RNST Renasant Corp. 0.13% 11,115 $399K No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.12% 3,006 $394K No change
NVTS Navitas Semiconductor Corp. 0.12% 60,000 $393K Reduce -14.3%

Show all 154 holdings

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -2.9% 3.60% −0.99
CMCSA Comcast Corp. Class A Reduce -74.0% 0.08% −0.30
AZO AutoZone Inc. Reduce -1.0% 1.44% −0.27
FDX FedEx Corp. Reduce -2.1% 0.86% −0.22
JBL Jabil Inc. Reduce -76.2% 0.09% −0.18
RSP Invesco S&P 500 Equal Weight Reduce -31.9% 0.24% −0.14
VB Vanguard Most SM-Cap ETF-Usd Reduce -0.1% 1.84% −0.13
XMHQ Invesco S&P Midcap Qual ETF Reduce -9.4% 0.72% −0.13
VIG Vanguard Dividend Apprec ETF Reduce -5.8% 0.70% −0.11
PG The Procter & Gamble Co. Reduce -5.6% 0.32% −0.09
VYMI Vanguard Int High DVD YLD Inc. Reduce -6.2% 0.72% −0.09
XOM Exxon Mobil Corp. Reduce -3.8% 0.25% −0.08
JNJ Johnson & Johnson Reduce -0.5% 0.31% −0.08
APLS Apellis Pharmaceuticals Inc. Reduce -19.5% 0.09% −0.07
CGXU Cap Group Intl Focus Reduce -8.9% 0.47% −0.06
XRN Global Medical REIT Inc. Reduce -5.8% 0.11% −0.06
BMY Bristol-Myers Squibb Co. Reduce -1.6% 0.10% −0.06
MRK Merck & Co. Inc. Reduce -0.8% 0.18% −0.06
AQN Algonquin Power & Utilities Sold out 0.00% −0.04
DE Deere & Co. Reduce -6.6% 0.27% −0.04
BOND PIMCO Active Bond Exchange-T Reduce -0.1% 0.22% −0.03
HYZD Wisdomtree Interest Rate Hed Reduce -0.2% 0.18% −0.02
ACP Abrdn Income Credit Strat Sold out 0.00% −0.02
VIGI Vanguard Int Div App Indx FD Reduce -1.8% 0.28% −0.02
PDBC Invesco Optimum Yield Divers Reduce -16.9% 0.04% −0.02
VZ Verizon Communications Inc. Reduce -2.0% 0.08% −0.02
T AT&T Inc. Reduce -4.2% 0.09% −0.02
WFC Wells Fargo & Co. Reduce -4.2% 0.14% −0.01
VCSH Vanguard S/T Corp. Bond ETF Reduce -0.1% 0.07% −0.01
CIFR Cipher Digital Inc. Reduce -48.4% 0.11% −0.01
IWR iShares Russell Mid-Cap ETF Reduce -0.1% 0.12% −0.01
GOOGL Alphabet Inc. Class A Reduce -1.6% 0.21% −0.00
NKE Nike Inc. Class B Reduce -3.1% 0.07% −0.00
IBM Intl Business Machines Corp. Reduce -0.4% 0.27% +0.01
META Meta Platforms Inc. Class A Reduce -2.6% 0.18% +0.02
NVTS Navitas Semiconductor Corp. Reduce -14.3% 0.12% +0.07

Portfolio Buys Q1 2025 → Q2 2025
GSSC Goldman Sachs Activebeta US Add +420.8% 2.91% +2.32
VUG Vanguard Mrngstar GR ETF-Sui Add +3.4% 13.86% +0.89
MSFT Microsoft Corp. Add +6.4% 3.09% +0.58
DGRW Wisdomtree U.S. Quality Divi Add +14.0% 11.71% +0.50
GOOG Alphabet Inc. Class C Add +73.2% 0.71% +0.30
TMUS T-Mobile US Inc. New 0.20% +0.20
BSY Bentley Systems Inc. Class B New 0.19% +0.19
NVDA Nvidia Corp. Add +14.9% 0.54% +0.17
TVARDI THERAPEUTICS INC COM New 0.16% +0.16
AMZN Amazon.com Inc. Add +5.8% 1.66% +0.10
QQQ Invesco QQQ Trust Series 1 Add +2.3% 2.10% +0.10
PLTR Palantir Technologies Inc. Class A Add +43.8% 0.18% +0.09
ASML ASML Holding NV-NY Reg SHS New 0.09% +0.09
LRN Stride Inc. Add +41.5% 0.29% +0.08
VTEB Vanguard Tax-Exempt Bond ETF New 0.08% +0.08
KKR KKR & Co. Inc. Add +16.4% 0.54% +0.08
VOO Vanguard S&P 500 ETF Add +6.5% 2.78% +0.08
IBIT iShares Bitcoin Trust ETF New 0.07% +0.07
AMD Advanced Micro Devices Add +32.5% 0.19% +0.07
GE General Electric New 0.07% +0.07
DWM Wisdomtree International Equ New 0.07% +0.07
RPG Invesco S&P 500 Pure Growth New 0.06% +0.06
RMD Resmed Inc. Add +19.4% 0.38% +0.06
FTNT Fortinet Inc. Add +18.6% 0.49% +0.06
AVGO Broadcom Inc. Add +1.2% 0.19% +0.06
ORCL Oracle Corp. Add +0.6% 0.21% +0.06
VWO Vanguard Ftse Emerging Marke Add +8.5% 1.63% +0.06
MPC Marathon Petroleum Corp. Add +15.0% 0.43% +0.05
BN Brookfield Corp. Add +16.4% 0.33% +0.05
TSLA Tesla Inc. Add +15.0% 0.28% +0.05
VEA Vanguard Ftse Developed ETF Add +4.8% 1.95% +0.05
USFD US Foods Holding Corp. Add +17.4% 0.29% +0.05
GS Goldman Sachs Group Inc. Add +1.2% 0.24% +0.03
VONG Vanguard Russell 1000 Growth Add +3.8% 0.48% +0.03
VICI Vici Properties Inc. Add +28.4% 0.23% +0.02
LIN Linde PLC Add +21.5% 0.32% +0.02
IVV iShares Core S&P 500 ETF Add +23.7% 0.11% +0.02
EOSE Eos Energy Enterprises Inc. Add +31.7% 0.04% +0.02
WM Waste Management Inc. Add +24.8% 0.18% +0.01
WDAY Workday Inc. Class A Add +16.2% 0.28% +0.01
ITA iShares U.S. Aerospace & Def Add +0.0% 0.15% +0.01
VXUS Vanguard Total Intl Stock Add +7.3% 0.22% +0.01
PM Philip Morris International Add +5.5% 0.14% +0.01
CRM Salesforce Inc. Add +15.3% 0.31% +0.01
JPM JPMorgan Chase & Co. Add +0.5% 0.17% +0.01
CGGR Cap Group Growth Equity Add +3.8% 0.08% +0.01
LLY Eli Lilly & Co. Add +29.6% 0.08% +0.01
IRM Iron Mountain Inc. Add +0.9% 0.08% +0.00
IEMG iShares Core MSCI Emerging Add +4.8% 0.08% +0.00
PHM Pultegroup Inc. Add +12.0% 0.29% +0.00

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