Duncan Williams Asset Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 5, 2026), Duncan Williams Asset Management, LLC reported 154 stock positions worth $360.7 million. Its top holding was Wisdomtree U.S. Quality Divi (DGRW) at 12.4% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 12.0%) and iShares Core S&P U.S. Value (IUSV, 7.7%). Compared with Q4 2025, it opened 6 new positions, sold out of 22, added to 28 and reduced 90. The biggest buy was Avantis All Intl MKTS Eq ETF (AVNM, shares +12%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −71%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0002011771
Portfolio Value
$360.7M (Q1 2026)
SEC Filing
0001765380-26-000158 ↗ filed May 5, 2026

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 Q2 2025 Q3 2025: $355.4M Q3 2025 Q4 2025: $402.5M Q4 2025 Q1 2026: $360.7M $360.7M Q1 2026 Q2 2026: $443.6M Q2 2026

Holdings 154 stocks · $360.7M
DGRW Wisdomtree U.S. Quality Divi 12.37% 507,774 $44.6M Reduce -3.0%
VUG Vanguard Mrngstar GR ETF-Sui 11.98% 98,966 $43.2M Reduce -3.9%
IUSV iShares Core S&P U.S. Value 7.67% 270,470 $27.7M Reduce -0.9%
AVNM Avantis All Intl MKTS Eq ETF 6.63% 313,894 $23.9M Add +12.0%
AAPL Apple Inc. 4.07% 57,771 $14.7M Add +4.7%
VEA Vanguard Ftse Developed ETF 3.27% 183,838 $11.8M Add +1.1%
GSSC Goldman Sachs Activebeta US 3.14% 151,895 $11.3M Reduce -2.6%
VOO Vanguard S&P 500 ETF 2.74% 16,547 $9.9M Add +0.4%
VTV Vanguard Mrngstr Val ETF-Aui 2.54% 46,748 $9.2M Reduce -6.7%
SCHD Schwab US DVD Equity ETF 2.10% 246,296 $7.6M Reduce -13.7%
VWO Vanguard Ftse Emerging Marke 1.99% 132,972 $7.2M Add +1.1%
VB Vanguard Most SM-Cap ETF-Usd 1.94% 26,711 $7.0M Add +0.3%
BRK.B Berkshire Hathaway Inc. Class B 1.92% 14,488 $6.9M Reduce -0.8%
MSFT Microsoft Corp. 1.76% 17,164 $6.4M Reduce -3.3%
AMZN Amazon.com Inc. 1.36% 23,526 $4.9M Reduce -3.1%
FHN First Horizon Corp. 1.35% 214,680 $4.9M Reduce -37.5%
XMHQ Invesco S&P Midcap Qual ETF 1.22% 42,574 $4.4M Add +7.0%
AZO AutoZone Inc. 1.13% 1,203 $4.1M Reduce -0.3%
FDX FedEx Corp. 1.12% 11,380 $4.1M Reduce -2.8%
VYMI Vanguard Int High DVD YLD Inc. 1.08% 41,272 $3.9M Add +4.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.02% 12,864 $3.7M Add +0.7%
GOOG Alphabet Inc. Class C 0.96% 12,022 $3.4M Reduce -10.4%
MA Mastercard Inc. Class A 0.88% 6,341 $3.2M Reduce -4.8%
WMT Walmart Inc. 0.83% 24,211 $3.0M Reduce -5.1%
V Visa Inc. Class A 0.75% 8,963 $2.7M Reduce -6.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.74% 4,096 $2.7M Reduce -22.4%
VIG Vanguard Dividend Apprec ETF 0.66% 11,038 $2.4M Add +0.8%
RF Regions Financial Corp. 0.62% 85,801 $2.2M Reduce -3.5%
CSM Proshares Large Cap Core Plu 0.61% 29,266 $2.2M Reduce -7.7%
QQQ Invesco QQQ Trust Series 1 0.53% 3,326 $1.9M Reduce -71.0%
VONG Vanguard Russell 1000 Growth 0.44% 14,510 $1.6M Reduce -1.1%
EGP Eastgroup Properties Inc. 0.43% 8,300 $1.5M No change
JNJ Johnson & Johnson 0.42% 6,214 $1.5M Reduce -2.7%
MPC Marathon Petroleum Corp. 0.42% 6,193 $1.5M Reduce -5.5%
TSM Taiwan Semiconductor-SP ADR 0.40% 4,243 $1.4M Reduce -11.6%
EFG iShares MSCI Eafe Growth ETF 0.37% 11,844 $1.3M Reduce -1.1%
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.35% 43,088 $1.3M Reduce -2.5%
TSLA Tesla Inc. 0.33% 3,243 $1.2M Reduce -0.8%
MUNI PIMCO Intermediate Municipal 0.33% 23,024 $1.2M Reduce -13.3%
VXUS Vanguard Total Intl Stock 0.33% 15,513 $1.2M Reduce -20.7%
GOOGL Alphabet Inc. Class A 0.33% 4,115 $1.2M Reduce -0.3%
IWP iShares Russell Mid-Cap Grow 0.33% 9,232 $1.2M Reduce -1.4%
LLY Eli Lilly & Co. 0.33% 1,275 $1.2M Reduce -1.9%
COST Costco Wholesale Corp. 0.32% 1,165 $1.2M Reduce -25.8%
UNH Unitedhealth Group Inc. 0.31% 4,161 $1.1M Reduce -4.1%
FTNT Fortinet Inc. 0.30% 13,463 $1.1M Reduce -5.3%
AVGO Broadcom Inc. 0.30% 3,528 $1.1M Add +99.9%
ABBV Abbvie Inc. 0.30% 4,993 $1.1M Reduce -0.5%
PNFP Pinnacle Financial Partners 0.30% 12,588 $1.1M Reduce -2.8%
NVDA Nvidia Corp. 0.30% 6,206 $1.1M Reduce -6.8%
CIFR Cipher Digital Inc. 0.30% 82,704 $1.1M Add +36.7%
CGMU Cap Group Municipal Income 0.29% 38,461 $1.0M Add +4.0%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.28% 766 $1.0M Add +3.1%
PDI PIMCO Dynamic Income Fund 0.28% 58,140 $995K Add +3.6%
GPIX GLDM SA S&P 500 PR in ETF-US 0.27% 19,787 $990K Add +3.1%
HD Home Depot Inc. 0.27% 2,984 $981K Reduce -0.7%
DE Deere & Co. 0.26% 1,684 $949K No change
LIN Linde PLC 0.26% 1,912 $948K Reduce -7.4%
AMGN Amgen Inc. 0.26% 2,632 $926K Add +0.1%
RMD Resmed Inc. 0.25% 4,072 $914K Reduce -8.5%
GS Goldman Sachs Group Inc. 0.25% 1,075 $909K Add +0.2%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.25% 2,986 $902K Reduce -1.4%
PG The Procter & Gamble Co. 0.25% 6,147 $888K Reduce -0.4%
XOM Exxon Mobil Corp. 0.24% 5,060 $858K Reduce -30.9%
MRK Merck & Co. Inc. 0.24% 7,052 $848K Reduce -3.0%
RRBI Red River Bancshares Inc. 0.23% 9,050 $818K No change
ACN Accenture PLC Class A 0.23% 4,107 $814K Reduce -8.0%
NEM Newmont Corp. 0.22% 7,441 $806K Reduce -17.6%
JAAA Janus Henderson Aaa Clo ETF 0.22% 15,431 $777K Add +0.8%
KLAC KLA Corp. 0.21% 515 $758K New
VIGI Vanguard Int Div App Indx FD 0.21% 8,544 $756K Add +0.6%
BN Brookfield Corp. 0.21% 18,435 $746K Reduce -8.4%
KKR KKR & Co. Inc. 0.20% 7,698 $712K Reduce -21.0%
RSP Invesco S&P 500 Equal Weight 0.20% 3,704 $711K Reduce -0.0%
AMD Advanced Micro Devices 0.19% 3,413 $694K Reduce -21.1%
APLS Apellis Pharmaceuticals Inc. 0.19% 17,005 $684K No change
PRTA Prothena Corp. PLC 0.19% 70,281 $683K No change
NOC Northrop Grumman Corp. 0.19% 1,000 $682K No change
NOW ServiceNow Inc. 0.18% 6,275 $656K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.18% 2,692 $653K Reduce -2.5%
EFA iShares MSCI Eafe ETF 0.18% 6,584 $640K No change
BOND PIMCO Active Bond Exchange-T 0.17% 6,595 $609K Reduce -15.2%
WM Waste Management Inc. 0.16% 2,520 $579K No change
TMUS T-Mobile US Inc. 0.16% 2,753 $578K Reduce -5.8%
ITA iShares U.S. Aerospace & Def 0.15% 2,536 $555K No change
ZYME Zymeworks Inc. 0.15% 22,095 $553K No change
GD General Dynamics Corp. 0.15% 1,600 $549K No change
MNA Nylim Merger Arbtrage ETF-Ui filed as NEW YORK LIFE INVESTMENTS ET 0.15% 15,042 $547K Reduce -1.6%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.15% 19,918 $544K Reduce -10.0%
JPM JPMorgan Chase & Co. 0.15% 1,848 $544K Reduce -2.5%
MELI MercadoLibre Inc. 0.15% 309 $534K Add +0.3%
NVTS Navitas Semiconductor Corp. 0.15% 60,000 $526K No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.15% 1,134 $525K Reduce -52.4%
DHR Danaher Corp. 0.14% 2,759 $523K Add +0.0%
META Meta Platforms Inc. Class A 0.14% 852 $488K Reduce -1.3%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.13% 3,354 $486K No change
STZ Constellation Brands Inc. Class A 0.13% 3,166 $475K New
ABT Abbott Laboratories 0.13% 4,464 $458K Add +0.1%
LHX L3HARRIS Technologies Inc. 0.13% 1,317 $455K No change
ORCL Oracle Corp. 0.12% 3,060 $450K Add +2.1%

Show all 154 holdings

Portfolio Sells Q4 2025 → Q1 2026
QQQ Invesco QQQ Trust Series 1 Reduce -71.0% 0.53% −1.19
FHN First Horizon Corp. Reduce -37.5% 1.35% −0.85
CRM Salesforce Inc. Sold out 0.00% −0.25
CPRT Copart Inc. Sold out 0.00% −0.20
WDAY Workday Inc. Class A Sold out 0.00% −0.18
SPY SS SPDR S&P 500 ETF Trust-US Reduce -22.4% 0.74% −0.16
GOOG Alphabet Inc. Class C Reduce -10.4% 0.96% −0.16
DIA SS SPDR Dow Jones Indus Avg Reduce -52.4% 0.15% −0.15
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.15
SCHD Schwab US DVD Equity ETF Reduce -13.7% 2.10% −0.10
EOSE Eos Energy Enterprises Inc. Sold out 0.00% −0.09
PLTR Palantir Technologies Inc. Class A Reduce -65.8% 0.06% −0.09
VGVT Vanguard Govt Sec Active ETF Sold out 0.00% −0.08
FLMI Franklin Dynamic Municipal B Sold out 0.00% −0.08
EPD Enterprise Products Partners Sold out 0.00% −0.08
TFC Truist Financial Corp. Reduce -37.2% 0.10% −0.07
IEI iShares 3-7 Year Treasury Bo Sold out 0.00% −0.07
DWM Wisdomtree International Equ Sold out 0.00% −0.07
REGL Prshrs S&P Mid 400 DVD Arist Sold out 0.00% −0.07
SO The Southern Co. Sold out 0.00% −0.07
BIV Vanguard Intermediate-Term B Sold out 0.00% −0.07
MSFT Microsoft Corp. Reduce -3.3% 1.76% −0.07
T AT&T Inc. Sold out 0.00% −0.06
GE General Electric Sold out 0.00% −0.06
COST Costco Wholesale Corp. Reduce -25.8% 0.32% −0.06
VXUS Vanguard Total Intl Stock Reduce -20.7% 0.33% −0.06
CGDV Cap Group Dividend Value Sold out 0.00% −0.06
STRW Strawberry Fields REIT Inc. Sold out 0.00% −0.06
IRM Iron Mountain Inc. Sold out 0.00% −0.06
PEP Pepsico Inc. Sold out 0.00% −0.06
KKR KKR & Co. Inc. Reduce -21.0% 0.20% −0.06
NKE Nike Inc. Class B Sold out 0.00% −0.05
RF Regions Financial Corp. Reduce -3.5% 0.62% −0.05
IWS iShares Russell Mid-Cap Valu Sold out 0.00% −0.05
ET Energy Transfer LP Sold out 0.00% −0.05
AMZN Amazon.com Inc. Reduce -3.1% 1.36% −0.05
PM Philip Morris International Reduce -41.1% 0.07% −0.05
ACN Accenture PLC Class A Reduce -8.0% 0.23% −0.04
IGHG Proshares Ig Hedged Reduce -32.3% 0.12% −0.04
NEM Newmont Corp. Reduce -17.6% 0.22% −0.04
MA Mastercard Inc. Class A Reduce -4.8% 0.88% −0.04
RMD Resmed Inc. Reduce -8.5% 0.25% −0.04
ICVT iShares Convertible Bond ETF Reduce -41.3% 0.07% −0.04
V Visa Inc. Class A Reduce -6.6% 0.75% −0.04
HYZD Wisdomtree Interest Rate Hed Reduce -32.8% 0.10% −0.04
LLY Eli Lilly & Co. Reduce -1.9% 0.33% −0.03
XOM Exxon Mobil Corp. Reduce -30.9% 0.24% −0.03
LMT Lockheed Martin Corp. Reduce -35.9% 0.08% −0.03
PNFP Pinnacle Financial Partners Reduce -2.8% 0.30% −0.03
AMD Advanced Micro Devices Reduce -21.1% 0.19% −0.02

Portfolio Buys Q4 2025 → Q1 2026
AVNM Avantis All Intl MKTS Eq ETF Add +12.0% 6.63% +1.11
AAPL Apple Inc. Add +4.7% 4.07% +0.27
VEA Vanguard Ftse Developed ETF Add +1.1% 3.27% +0.25
KLAC KLA Corp. New 0.21% +0.21
NOW ServiceNow Inc. New 0.18% +0.18
AVGO Broadcom Inc. Add +99.9% 0.30% +0.17
XMHQ Invesco S&P Midcap Qual ETF Add +7.0% 1.22% +0.16
VOO Vanguard S&P 500 ETF Add +0.4% 2.74% +0.16
VWO Vanguard Ftse Emerging Marke Add +1.1% 1.99% +0.15
VB Vanguard Most SM-Cap ETF-Usd Add +0.3% 1.94% +0.14
STZ Constellation Brands Inc. Class A New 0.13% +0.13
CGBL Cap Group Core Balanced New 0.12% +0.12
VYMI Vanguard Int High DVD YLD Inc. Add +4.3% 1.08% +0.12
CIFR Cipher Digital Inc. Add +36.7% 0.30% +0.08
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +0.7% 1.02% +0.08
GDLC Grayscale Coindesk 5 ETF New 0.08% +0.08
AEP American Electric Power New 0.06% +0.06
VIG Vanguard Dividend Apprec ETF Add +0.8% 0.66% +0.04
CGMU Cap Group Municipal Income Add +4.0% 0.29% +0.04
ASML ASML Holding NV-NY Reg SHS Add +3.1% 0.28% +0.03
GPIX GLDM SA S&P 500 PR in ETF-US Add +3.1% 0.27% +0.02
JAAA Janus Henderson Aaa Clo ETF Add +0.8% 0.22% +0.02
PDI PIMCO Dynamic Income Fund Add +3.6% 0.28% +0.02
AMGN Amgen Inc. Add +0.1% 0.26% +0.02
ORCL Oracle Corp. Add +2.1% 0.12% +0.02
VIGI Vanguard Int Div App Indx FD Add +0.6% 0.21% +0.01
GS Goldman Sachs Group Inc. Add +0.2% 0.25% +0.01
ABT Abbott Laboratories Add +0.1% 0.13% +0.01
IVV iShares Core S&P 500 ETF Add +1.5% 0.10% +0.01
MRSH Marsh & McLennan Cos Add +0.1% 0.06% +0.00
HIVE Hive Digital Technologies LT Add +2.2% 0.01% −0.00
BAC Bank of America Corp. Add +0.3% 0.11% −0.00
DHR Danaher Corp. Add +0.0% 0.14% −0.01
MELI MercadoLibre Inc. Add +0.3% 0.15% −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