Duncan Williams Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 5, 2026), Duncan Williams Asset Management, LLC reported 170 stock positions worth $402.5 million. Its top holding was Wisdomtree U.S. Quality Divi (DGRW) at 12.0% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 12.0%) and iShares Core S&P U.S. Value (IUSV, 7.3%). Compared with Q3 2025, it opened 17 new positions, sold out of 11, added to 70 and reduced 64. The biggest buy was Avantis All Intl MKTS Eq ETF (AVNM, shares +3252%) and the biggest sale Schwab US DVD Equity ETF (SCHD, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0002011771
- Portfolio Value
- $402.5M (Q4 2025)
- SEC Filing
- 0001765380-26-000064 ↗ filed Feb 5, 2026
Holdings Value
Holdings 170 stocks · $402.5M
| DGRW Wisdomtree U.S. Quality Divi | 11.98% | 523,234 | $48.2M | Add +6.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 11.96% | 102,995 | $48.1M | Add +1.6% |
| IUSV iShares Core S&P U.S. Value | 7.26% | 272,824 | $29.2M | Add +31.3% |
| AVNM Avantis All Intl MKTS Eq ETF | 5.52% | 280,261 | $22.2M | Add +3251.6% |
| AAPL Apple Inc. | 3.79% | 55,201 | $15.3M | Reduce -1.0% |
| GSSC Goldman Sachs Activebeta US | 3.06% | 155,976 | $12.3M | Add +5.1% |
| VEA Vanguard Ftse Developed ETF | 3.02% | 181,890 | $12.2M | Add +41.4% |
| VOO Vanguard S&P 500 ETF | 2.58% | 16,485 | $10.4M | Add +3.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.53% | 50,079 | $10.2M | Add +5.6% |
| FHN First Horizon Corp. | 2.20% | 343,772 | $8.9M | Reduce -4.1% |
| SCHD Schwab US DVD Equity ETF | 2.20% | 285,319 | $8.8M | Reduce -38.8% |
| VWO Vanguard Ftse Emerging Marke | 1.84% | 131,513 | $7.4M | Add +13.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.83% | 14,611 | $7.4M | Reduce -0.3% |
| MSFT Microsoft Corp. | 1.83% | 17,757 | $7.4M | Reduce -5.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.80% | 26,621 | $7.2M | Add +5.6% |
| QQQ Invesco QQQ Trust Series 1 | 1.72% | 11,451 | $6.9M | Reduce -5.8% |
| AMZN Amazon.com Inc. | 1.41% | 24,269 | $5.7M | Reduce -0.5% |
| AZO AutoZone Inc. | 1.12% | 1,207 | $4.5M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 1.11% | 13,419 | $4.5M | Reduce -1.8% |
| XMHQ Invesco S&P Midcap Qual ETF | 1.06% | 39,778 | $4.3M | Add +26.4% |
| FDX FedEx Corp. | 1.05% | 11,707 | $4.2M | Reduce -0.8% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.96% | 39,591 | $3.9M | Add +11.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.95% | 12,780 | $3.8M | Add +7.0% |
| MA Mastercard Inc. Class A | 0.92% | 6,659 | $3.7M | Reduce -2.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.90% | 5,279 | $3.6M | Add +1.8% |
| WMT Walmart Inc. | 0.81% | 25,519 | $3.3M | Reduce -6.1% |
| V Visa Inc. Class A | 0.79% | 9,596 | $3.2M | Reduce -3.0% |
| RF Regions Financial Corp. | 0.67% | 88,883 | $2.7M | Reduce -0.0% |
| CSM Proshares Large Cap Core Plu | 0.62% | 31,712 | $2.5M | Add +1.8% |
| VIG Vanguard Dividend Apprec ETF | 0.62% | 10,946 | $2.5M | Add +0.8% |
| VONG Vanguard Russell 1000 Growth | 0.43% | 14,679 | $1.7M | Add +0.8% |
| VXUS Vanguard Total Intl Stock | 0.39% | 19,559 | $1.6M | Add +34.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.39% | 4,799 | $1.6M | Add +46.1% |
| COST Costco Wholesale Corp. | 0.38% | 1,570 | $1.5M | Add +6.7% |
| EGP Eastgroup Properties Inc. | 0.38% | 8,300 | $1.5M | No change |
| JNJ Johnson & Johnson | 0.37% | 6,385 | $1.5M | Add +0.1% |
| LLY Eli Lilly & Co. | 0.36% | 1,299 | $1.4M | Add +239.2% |
| EFG iShares MSCI Eafe Growth ETF | 0.35% | 11,971 | $1.4M | Reduce -2.3% |
| MUNI PIMCO Intermediate Municipal | 0.35% | 26,550 | $1.4M | Add +7.2% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 0.34% | 44,192 | $1.4M | Reduce -5.1% |
| GOOGL Alphabet Inc. Class A | 0.34% | 4,129 | $1.4M | Add +3.6% |
| TSLA Tesla Inc. | 0.33% | 3,268 | $1.3M | Add +10.0% |
| PNFP Pinnacle Financial Partners | 0.33% | 12,954 | $1.3M | New |
| MPC Marathon Petroleum Corp. | 0.32% | 6,552 | $1.3M | Reduce -13.9% |
| IWP iShares Russell Mid-Cap Grow | 0.31% | 9,358 | $1.2M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 0.30% | 4,340 | $1.2M | Reduce -0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.29% | 2,382 | $1.2M | Add +0.2% |
| RMD Resmed Inc. | 0.29% | 4,451 | $1.2M | Reduce -6.5% |
| HD Home Depot Inc. | 0.29% | 3,004 | $1.2M | Reduce -3.6% |
| NVDA Nvidia Corp. | 0.29% | 6,655 | $1.2M | Add +1.4% |
| FTNT Fortinet Inc. | 0.29% | 14,211 | $1.2M | Reduce -5.8% |
| ABBV Abbvie Inc. | 0.27% | 5,016 | $1.1M | Reduce -2.4% |
| XOM Exxon Mobil Corp. | 0.27% | 7,326 | $1.1M | Reduce -32.2% |
| ACN Accenture PLC Class A | 0.27% | 4,463 | $1.1M | Add +2.9% |
| NEM Newmont Corp. | 0.26% | 9,027 | $1.1M | Add +0.2% |
| PDI PIMCO Dynamic Income Fund | 0.26% | 56,124 | $1.0M | Reduce -13.0% |
| CGMU Cap Group Municipal Income | 0.25% | 36,975 | $1.0M | Add +37.2% |
| KKR KKR & Co. Inc. | 0.25% | 9,749 | $1.0M | Reduce -7.2% |
| CRM Salesforce Inc. | 0.25% | 5,067 | $1.0M | Add +39.1% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.25% | 19,185 | $1.0M | Add +15.8% |
| ASML ASML Holding NV-NY Reg SHS | 0.25% | 743 | $995K | Add +94.0% |
| GS Goldman Sachs Group Inc. | 0.24% | 1,073 | $980K | Add +0.4% |
| LIN Linde PLC | 0.24% | 2,065 | $977K | Reduce -5.7% |
| PG The Procter & Gamble Co. | 0.24% | 6,174 | $969K | Reduce -2.2% |
| AMGN Amgen Inc. | 0.24% | 2,629 | $963K | Add +0.1% |
| DE Deere & Co. | 0.24% | 1,684 | $955K | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.23% | 3,030 | $939K | Reduce -3.6% |
| BN Brookfield Corp. | 0.23% | 20,122 | $923K | Reduce -16.1% |
| AMD Advanced Micro Devices | 0.22% | 4,324 | $866K | Reduce -2.0% |
| CIFR Cipher Digital Inc. | 0.21% | 60,504 | $862K | Reduce -17.1% |
| MRK Merck & Co. Inc. | 0.21% | 7,274 | $861K | Reduce -0.6% |
| RRBI Red River Bancshares Inc. | 0.20% | 9,050 | $818K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 2,760 | $798K | Add +11.3% |
| CPRT Copart Inc. | 0.20% | 19,702 | $791K | Reduce -7.4% |
| VIGI Vanguard Int Div App Indx FD | 0.20% | 8,491 | $790K | Reduce -11.4% |
| JAAA Janus Henderson Aaa Clo ETF | 0.19% | 15,312 | $776K | New |
| RSP Invesco S&P 500 Equal Weight | 0.18% | 3,705 | $742K | Add +1.7% |
| WDAY Workday Inc. Class A | 0.18% | 4,338 | $738K | Add +14.9% |
| BOND PIMCO Active Bond Exchange-T | 0.18% | 7,777 | $723K | Add +9.8% |
| TFC Truist Financial Corp. | 0.18% | 12,803 | $706K | Add +0.2% |
| NOC Northrop Grumman Corp. | 0.17% | 1,000 | $690K | No change |
| EFA iShares MSCI Eafe ETF | 0.17% | 6,584 | $670K | Add +0.7% |
| IGHG Proshares Ig Hedged | 0.16% | 8,266 | $649K | Reduce -13.4% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.16% | 22,123 | $638K | Reduce -3.3% |
| MELI MercadoLibre Inc. | 0.16% | 308 | $632K | New |
| PRTA Prothena Corp. PLC | 0.16% | 70,281 | $625K | Reduce -20.4% |
| DHR Danaher Corp. | 0.15% | 2,758 | $605K | Add +0.9% |
| JPM JPMorgan Chase & Co. | 0.15% | 1,895 | $601K | Add +0.4% |
| PLTR Palantir Technologies Inc. Class A | 0.15% | 4,293 | $599K | Reduce -7.5% |
| TMUS T-Mobile US Inc. | 0.15% | 2,922 | $590K | Reduce -8.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 1,742 | $589K | New |
| ITA iShares U.S. Aerospace & Def | 0.14% | 2,536 | $578K | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.14% | 863 | $577K | Add +10.1% |
| WM Waste Management Inc. | 0.14% | 2,520 | $571K | No change |
| GD General Dynamics Corp. | 0.14% | 1,600 | $565K | No change |
| MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET | 0.14% | 15,286 | $551K | Reduce -4.8% |
| AVGO Broadcom Inc. | 0.14% | 1,765 | $544K | Reduce -2.8% |
| HYZD Wisdomtree Interest Rate Hed | 0.13% | 23,387 | $528K | Reduce -0.0% |
| ZYME Zymeworks Inc. | 0.13% | 22,095 | $511K | No change |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.13% | 3,354 | $506K | Reduce -8.6% |
Portfolio Sells Q3 2025 → Q4 2025
| SCHD Schwab US DVD Equity ETF | Reduce -38.8% | 2.20% | −1.38 |
| MSFT Microsoft Corp. | Reduce -5.3% | 1.83% | −0.91 |
| AZO AutoZone Inc. | Reduce -0.4% | 1.12% | −0.35 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -5.8% | 1.72% | −0.33 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.33 |
| LRN Stride Inc. | Sold out | 0.00% | −0.27 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.3% | 1.83% | −0.24 |
| TVARDI THERAPEUTICS INC COM | Sold out | 0.00% | −0.24 |
| PEP Pepsico Inc. | Reduce -81.7% | 0.06% | −0.24 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.21 |
| AAPL Apple Inc. | Reduce -1.0% | 3.79% | −0.20 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Sold out | 0.00% | −0.18 |
| MA Mastercard Inc. Class A | Reduce -2.1% | 0.92% | −0.17 |
| V Visa Inc. Class A | Reduce -3.0% | 0.79% | −0.16 |
| BSY Bentley Systems Inc. Class B | Sold out | 0.00% | −0.16 |
| KKR KKR & Co. Inc. | Reduce -7.2% | 0.25% | −0.13 |
| UNH Unitedhealth Group Inc. | Reduce -0.6% | 0.30% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -0.5% | 1.41% | −0.10 |
| PDI PIMCO Dynamic Income Fund | Reduce -13.0% | 0.26% | −0.10 |
| MPC Marathon Petroleum Corp. | Reduce -13.9% | 0.32% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -7.5% | 0.15% | −0.09 |
| PRTA Prothena Corp. PLC | Reduce -20.4% | 0.16% | −0.09 |
| BN Brookfield Corp. | Reduce -16.1% | 0.23% | −0.08 |
| FHN First Horizon Corp. | Reduce -4.1% | 2.20% | −0.08 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.08 |
| RMD Resmed Inc. | Reduce -6.5% | 0.29% | −0.08 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.08 |
| XOM Exxon Mobil Corp. | Reduce -32.2% | 0.27% | −0.07 |
| CPRT Copart Inc. | Reduce -7.4% | 0.20% | −0.07 |
| CADE Cadence Bank | Sold out | 0.00% | −0.07 |
| FTNT Fortinet Inc. | Reduce -5.8% | 0.29% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -8.4% | 0.15% | −0.07 |
| IWP iShares Russell Mid-Cap Grow | Reduce -0.3% | 0.31% | −0.07 |
| HD Home Depot Inc. | Reduce -3.6% | 0.29% | −0.07 |
| ABBV Abbvie Inc. | Reduce -2.4% | 0.27% | −0.06 |
| JPST JPMorgan Ultra-Short Income | Sold out | 0.00% | −0.06 |
| ABT Abbott Laboratories | Reduce -3.2% | 0.12% | −0.05 |
| VICI Vici Properties Inc. | Reduce -3.3% | 0.16% | −0.05 |
| IGHG Proshares Ig Hedged | Reduce -13.4% | 0.16% | −0.05 |
| LIN Linde PLC | Reduce -5.7% | 0.24% | −0.05 |
| CGXU Cap Group Intl Focus | Reduce -5.1% | 0.34% | −0.05 |
| VIGI Vanguard Int Div App Indx FD | Reduce -11.4% | 0.20% | −0.05 |
| CIFR Cipher Digital Inc. | Reduce -17.1% | 0.21% | −0.04 |
| NDMO Nuveen Dynamic Municipal Opp | Sold out | 0.00% | −0.04 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -2.3% | 0.35% | −0.04 |
| T AT&T Inc. | Reduce -25.5% | 0.06% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -31.0% | 0.07% | −0.04 |
| AVGO Broadcom Inc. | Reduce -2.8% | 0.14% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.2% | 0.24% | −0.03 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -3.6% | 0.23% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| AVNM Avantis All Intl MKTS Eq ETF | Add +3251.6% | 5.52% | +5.35 |
| IUSV iShares Core S&P U.S. Value | Add +31.3% | 7.26% | +1.42 |
| VEA Vanguard Ftse Developed ETF | Add +41.4% | 3.02% | +0.85 |
| PNFP Pinnacle Financial Partners | New | 0.33% | +0.33 |
| LLY Eli Lilly & Co. | Add +239.2% | 0.36% | +0.28 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.19% | +0.19 |
| MELI MercadoLibre Inc. | New | 0.16% | +0.16 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.15% | +0.15 |
| ASML ASML Holding NV-NY Reg SHS | Add +94.0% | 0.25% | +0.14 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +26.4% | 1.06% | +0.13 |
| TSM Taiwan Semiconductor-SP ADR | Add +46.1% | 0.39% | +0.13 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +11.9% | 0.96% | +0.12 |
| VXUS Vanguard Total Intl Stock | Add +34.8% | 0.39% | +0.09 |
| VGVT Vanguard Govt Sec Active ETF | New | 0.08% | +0.08 |
| HBAN Huntington Bancshares Inc. | New | 0.08% | +0.08 |
| FLMI Franklin Dynamic Municipal B | New | 0.08% | +0.08 |
| ANAB Anaptysbio Inc. | New | 0.08% | +0.08 |
| TVRD Tvardi Therapeutics Inc. | New | 0.08% | +0.08 |
| VWO Vanguard Ftse Emerging Marke | Add +13.1% | 1.84% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +3.6% | 0.34% | +0.07 |
| REGL Prshrs S&P Mid 400 DVD Arist | New | 0.07% | +0.07 |
| CGDV Cap Group Dividend Value | New | 0.06% | +0.06 |
| CSX CSX Corp. | New | 0.05% | +0.05 |
| IWS iShares Russell Mid-Cap Valu | New | 0.05% | +0.05 |
| ADM Archer-Daniels-Midland Co. | New | 0.05% | +0.05 |
| NEM Newmont Corp. | Add +0.2% | 0.26% | +0.05 |
| CGMU Cap Group Municipal Income | Add +37.2% | 0.25% | +0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +5.6% | 2.53% | +0.04 |
| JNJ Johnson & Johnson | Add +0.1% | 0.37% | +0.04 |
| AMGN Amgen Inc. | Add +0.1% | 0.24% | +0.03 |
| RLAY Relay Therapeutics Inc. | New | 0.02% | +0.02 |
| AVR Anteris Technologies Global | New | 0.01% | +0.01 |
| LMT Lockheed Martin Corp. | Add +6.0% | 0.11% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Add +0.0% | 0.10% | +0.01 |
| TFC Truist Financial Corp. | Add +0.2% | 0.18% | +0.01 |
| HIVE Hive Digital Technologies LT | New | 0.01% | +0.01 |
| CRM Salesforce Inc. | Add +39.1% | 0.25% | +0.01 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +15.8% | 0.25% | +0.01 |
| DWM Wisdomtree International Equ | Add +13.5% | 0.07% | +0.01 |
| KO The Coca-Cola Co. | Add +3.7% | 0.08% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.4% | 0.24% | +0.00 |
| COP Conocophillips | Add +4.4% | 0.06% | +0.00 |
| CAN Canaan Inc. | Add +210.0% | 0.00% | +0.00 |
| IBM Intl Business Machines Corp. | Add +11.3% | 0.20% | +0.00 |
| COST Costco Wholesale Corp. | Add +6.7% | 0.38% | −0.00 |
| ET Energy Transfer LP | Add +1.9% | 0.05% | −0.00 |
| DVY iShares Select Dividend ETF | Add +1.1% | 0.06% | −0.00 |
| DHR Danaher Corp. | Add +0.9% | 0.15% | −0.00 |
| IEMG iShares Core MSCI Emerging | Add +0.2% | 0.07% | −0.00 |
| STRW Strawberry Fields REIT Inc. | Add +1.2% | 0.06% | −0.00 |
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 |