Duncan Williams Asset Management, LLC

MEMPHIS, TN · CIK 2011771 · 13F filing filed 2026-07-22

SEC-registered investment adviser since 2015 · limited liability company

Assets managed$2.7bn
Staff21 · 15 in investment roles
Main clients (by assets)Pension plans 61%, High net worth individuals 18%, Individuals 12%
Form ADV · 2026-03-25SEC adviser record

Kindinstitutions
Others nearbyMemphis, TN

$443.6m reported value +23.0% vs Q1 2026

172positions

57.0%in top 10

24 new 68 added 45 reduced 6 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	607,777	$52.4m11.80%	11.80%	Added +14.0k	+13,981 2.4%
2	WISDOMTREE TR US QTLY DIV GRT DGRW	DGRW	533,740	$51.0m11.50%	11.50%	Added +26.0k	+25,966 5.1%
3	ISHARES TR CORE S&P US VLU IUSV	IUSV	282,318	$31.1m7.01%	7.01%	Added +11.8k	+11,848 4.4%
4	AMERICAN CENTY ETF TR AVANTIS ALL INT AVNM	AVNM	361,184	$29.8m6.71%	6.71%	Added +47.3k	+47,290 15.1%
5	FIDELITY COVINGTON TRUST ENHANCED MID FMDE	FMDE	533,933	$21.7m4.88%	4.88%	New
6	APPLE INC COM AAPL	AAPL	59,689	$17.3m3.89%	3.89%	Added +1.9k	+1,918 3.3%
7	GOLDMAN SACHS ETF TR ACTIVEBETA US GSSC	GSSC	157,612	$14.4m3.24%	3.24%	Added +5.7k	+5,717 3.8%
8	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	189,403	$13.5m3.04%	3.04%	Added +5.6k	+5,565 3.0%
9	VANGUARD INDEX FDS VALUE ETF VTV	VTV	49,849	$10.9m2.45%	2.45%	Added +3.1k	+3,101 6.6%
10	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	15,780	$10.8m2.44%	2.44%	Reduced -767	-767 -4.6%
11	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	317,239	$10.1m2.27%	2.27%	Added +70.9k	+70,943 28.8%
12	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	137,678	$8.2m1.85%	1.85%	Added +4.7k	+4,706 3.5%
13	VANGUARD INDEX FDS SMALL CP ETF VB	VB	27,067	$8.2m1.85%	1.85%	Added +356	+356 1.3%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	14,488	$7.2m1.63%	1.63%	Unchanged
15	MICROSOFT CORP COM MSFT	MSFT	17,243	$6.4m1.45%	1.45%	Added +79	+79 0.5%
16	AMAZON COM INC COM AMZN	AMZN	23,624	$5.6m1.27%	1.27%	Added +98	+98 0.4%
17	FIRST HORIZON CORPORATION COM FHN	FHN	214,501	$5.5m1.24%	1.24%	Reduced -179	-179 -0.1%
18	VANGUARD WHITEHALL FDS INTL HIGH ETF VYMI	VYMI	50,039	$4.9m1.11%	1.11%	Added +8.8k	+8,767 21.2%
19	VANGUARD INDEX FDS MID CAP ETF VO	VO	52,189	$4.2m0.95%	0.95%	Added +733	+733 1.4%
20	ALPHABET INC CAP STK CL C GOOG	GOOG	11,343	$4.0m0.90%	0.90%	Reduced -679	-679 -5.7%
21	INVESCO EXCHANGE TRADED FD T S&P MDCP QUALITY XMHQ	XMHQ	33,834	$3.8m0.86%	0.86%	Reduced -8.7k	-8,740 -20.5%
22	AUTOZONE INC COM AZO	AZO	1,194	$3.8m0.86%	0.86%	Reduced -9	-9 -0.8%
23	FEDEX CORP COM FDX	FDX	11,412	$3.6m0.81%	0.81%	Added +32	+32 0.3%
24	MASTERCARD INCORPORATED CL A MA	MA	6,526	$3.4m0.76%	0.76%	Added +185	+185 2.9%
25	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	4,105	$3.1m0.69%	0.69%	Added +9	+9 0.2%
26	VISA INC COM CL A V	V	8,780	$3.0m0.68%	0.68%	Reduced -183	-183 -2.0%
27	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	3,755	$2.8m0.62%	0.62%	Added +429	+429 12.9%
28	WALMART INC COM WMT	WMT	24,296	$2.8m0.62%	0.62%	Added +85	+85 0.3%
29	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	10,967	$2.6m0.58%	0.58%	Reduced -71	-71 -0.6%
30	REGIONS FINANCIAL CORP NEW COM RF	RF	85,824	$2.6m0.58%	0.58%	Added +23	+23 0.0%
31	PROSHARES TR LARGE CAP CRE CSM	CSM	29,276	$2.5m0.56%	0.56%	Added +10	+10 0.0%
32	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	4,588	$2.2m0.49%	0.49%	Added +345	+345 8.1%
33	CIPHER MINING INC COM CIFR	CIFR	84,026	$2.1m0.46%	0.46%	Added +1.3k	+1,322 1.6%
34	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	14,322	$1.8m0.41%	0.41%	Reduced -188	-188 -1.3%
35	UNITEDHEALTH GROUP INC COM UNH	UNH	4,144	$1.7m0.39%	0.39%	Reduced -17	-17 -0.4%
36	EASTGROUP PPTYS INC COM EGP	EGP	8,300	$1.7m0.38%	0.38%	Unchanged
37	KLA CORP COM NEW KLAC	KLAC	5,471	$1.7m0.37%	0.37%	Added +321	+321 6.2%
38	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	821	$1.6m0.37%	0.37%	Added +55	+55 7.2%
39	JOHNSON & JOHNSON COM JNJ	JNJ	6,218	$1.6m0.36%	0.36%	Added +4	+4 0.1%
40	CAPITAL GROUP INTL FOCUS EQT SHS CREATION UNI CGXU	CGXU	44,939	$1.6m0.35%	0.35%	Added +1.9k	+1,851 4.3%
41	ELI LILLY & CO COM LLY	LLY	1,290	$1.5m0.35%	0.35%	Added +15	+15 1.2%
42	ALPHABET INC CAP STK CL A GOOGL	GOOGL	4,276	$1.5m0.34%	0.34%	Added +161	+161 3.9%
43	ISHARES TR EAFE GRWTH ETF EFG	EFG	11,862	$1.5m0.33%	0.33%	Added +18	+18 0.1%
44	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,469	$1.4m0.32%	0.32%	Reduced -944	-944 -27.7%
45	MARATHON PETE CORP COM MPC	MPC	5,561	$1.4m0.32%	0.32%	Reduced -632	-632 -10.2%
46	FORTINET INC COM FTNT	FTNT	9,203	$1.4m0.32%	0.32%	Reduced -4.3k	-4,260 -31.6%
47	ISHARES TR RUS MD CP GR ETF IWP	IWP	9,234	$1.4m0.30%	0.30%	Added +2	+2 0.0%
48	BROADCOM INC COM AVGO	AVGO	3,527	$1.3m0.30%	0.30%	Reduced -1	-1 -0.0%
49	TESLA INC COM TSLA	TSLA	3,107	$1.3m0.29%	0.29%	Reduced -136	-136 -4.2%
50	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	15,177	$1.3m0.29%	0.29%	Reduced -336	-336 -2.2%
51	NVIDIA CORPORATION COM NVDA	NVDA	6,464	$1.3m0.29%	0.29%	Added +258	+258 4.2%
52	CAPITAL GROUP CORE BALANCED SHS CGBL	CGBL	34,016	$1.3m0.29%	0.29%	Added +21.5k	+21,454 170.8%
53	PINNACLE FINL PARTNERS INC COM PNFP	PNFP	12,531	$1.3m0.28%	0.28%	Reduced -57	-57 -0.5%
54	GOLDMAN SACHS ETF TR S&P 500 PREMIUM GPIX	GPIX	22,744	$1.3m0.28%	0.28%	Added +3.0k	+2,957 14.9%
55	ABBVIE INC COM ABBV	ABBV	5,016	$1.3m0.28%	0.28%	Added +23	+23 0.5%
56	LAM RESEARCH CORP COM NEW LRCX	LRCX	2,720	$1.2m0.27%	0.27%	New
57	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	68,006	$1.1m0.26%	0.26%	Added +9.9k	+9,866 17.0%
58	MERCADOLIBRE INC COM MELI	MELI	644	$1.1m0.25%	0.25%	Added +335	+335 108.4%
59	GOLDMAN SACHS GROUP INC COM GS	GS	1,079	$1.1m0.25%	0.25%	Added +4	+4 0.4%
60	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	2,982	$1.1m0.25%	0.25%	Reduced -4	-4 -0.1%
61	NAVITAS SEMICONDUCTOR CORP COM NVTS	NVTS	60,000	$1.1m0.24%	0.24%	Unchanged
62	DEERE & CO COM DE	DE	1,684	$1.1m0.24%	0.24%	Unchanged
63	COSTCO WHSL CORP NEW COM COST	COST	1,130	$1.1m0.24%	0.24%	Reduced -35	-35 -3.0%
64	HOME DEPOT INC COM HD	HD	2,978	$1.1m0.24%	0.24%	Reduced -6	-6 -0.2%
65	LINDE PLC SHS LIN	LIN	1,954	$1.0m0.23%	0.23%	Added +42	+42 2.2%
66	AMGEN INC COM AMGN	AMGN	2,634	$954.0k0.22%	0.22%	Added +2	+2 0.1%
67	MERCK & CO INC COM MRK	MRK	7,052	$906.2k0.20%	0.20%	Unchanged
68	PROCTER AND GAMBLE CO COM PG	PG	6,172	$905.1k0.20%	0.20%	Added +25	+25 0.4%
69	RED RIVER BANCSHARES INC COM RRBI	RRBI	9,050	$826.1k0.19%	0.19%	Unchanged
70	CAPITAL GRP FIXED INCM ETF T MUNICIPAL INCOME CGMU	CGMU	29,866	$820.4k0.18%	0.18%	Reduced -8.6k	-8,595 -22.4%
71	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,858	$803.6k0.18%	0.18%	Added +166	+166 6.2%
72	VANGUARD WHITEHALL FDS INTL DVD ETF VIGI	VIGI	8,591	$802.3k0.18%	0.18%	Added +47	+47 0.6%
73	JANUS DETROIT STR TR HENDRSON AAA CL JAAA	JAAA	15,526	$783.9k0.18%	0.18%	Added +95	+95 0.6%
74	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	3,664	$779.6k0.18%	0.18%	Reduced -40	-40 -1.1%
75	RESMED INC COM RMD	RMD	3,934	$766.7k0.17%	0.17%	Reduced -138	-138 -3.4%
76	BROOKFIELD CORP CL A LTD VT SH BN	BN	17,990	$766.2k0.17%	0.17%	Reduced -445	-445 -2.4%
77	PIMCO ETF TR INTER MUN BD ACT MUNI	MUNI	14,132	$743.4k0.17%	0.17%	Reduced -8.9k	-8,892 -38.6%
78	EXXONMOBIL HOLDINGS CORP COM SHS STOCK XOM	XOM	5,072	$693.5k0.16%	0.16%	New
79	PROTHENA CORP PLC SHS PRTA	PRTA	70,281	$688.1k0.16%	0.16%	Unchanged
80	ISHARES TR MSCI EAFE ETF EFA	EFA	6,606	$686.2k0.15%	0.15%	Added +22	+22 0.3%
81	GE AEROSPACE COM NEW GE	GE	1,830	$684.0k0.15%	0.15%	New
82	KKR & CO INC COM KKR	KKR	7,400	$679.1k0.15%	0.15%	Reduced -298	-298 -3.9%
83	DUKE ENERGY CORP NEW COM NEW DUK	DUK	4,954	$627.0k0.14%	0.14%	New
84	ISHARES TR US AER DEF ETF ITA	ITA	2,565	$621.8k0.14%	0.14%	Added +29	+29 1.1%
85	CAPITAL GROUP GROWTH ETF SHS CREATION UNI CGGR	CGGR	12,958	$611.6k0.14%	0.14%	Added +3.8k	+3,807 41.6%
86	PIMCO ETF TR ACTIVE BD ETF BOND	BOND	6,595	$608.1k0.14%	0.14%	Unchanged
87	JPMORGAN CHASE & CO COM JPM	JPM	1,835	$600.7k0.14%	0.14%	Reduced -13	-13 -0.7%
88	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	1,136	$593.6k0.13%	0.13%	Added +2	+2 0.2%
89	ZYMEWORKS INC COM ZYME	ZYME	22,095	$577.6k0.13%	0.13%	Unchanged
90	GENERAL DYNAMICS CORP COM GD	GD	1,626	$576.0k0.13%	0.13%	Added +26	+26 1.6%
91	DANAHER CORPORATION COM DHR	DHR	2,983	$568.2k0.13%	0.13%	Added +224	+224 8.1%
92	WASTE MGMT INC DEL COM WM	WM	2,520	$561.7k0.13%	0.13%	Unchanged
93	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	21,697	$555.2k0.13%	0.13%	Added +3.7k	+3,666 20.3%
94	CORNING INC COM GLW	GLW	2,163	$552.5k0.12%	0.12%	Reduced -25	-25 -1.1%
95	NEWMONT CORP COM NEM	NEM	5,887	$549.9k0.12%	0.12%	Reduced -1.6k	-1,554 -20.9%
96	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	3,354	$548.2k0.12%	0.12%	Unchanged
97	VICI PPTYS INC COM VICI	VICI	20,227	$537.0k0.12%	0.12%	Added +309	+309 1.6%
98	NUCOR CORP COM NUE	NUE	2,288	$509.7k0.11%	0.11%	Reduced -62	-62 -2.6%
99	NORTHROP GRUMMAN CORP COM NOC	NOC	1,000	$509.3k0.11%	0.11%	Unchanged
100	TRUIST FINL CORP COM TFC	TFC	10,088	$502.6k0.11%	0.11%	Added +2.1k	+2,053 25.6%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
EXXON MOBIL CORP XOM	XOM	5,060	$858.4k5.1k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	17,005	$684.1k17.0k shares
SERVICENOW INC NOW	NOW	6,275	$656.1k6.3k shares
CAPITAL GROUP INTERNATIONAL CGIE	CGIE	11,853	$400.9k11.9k shares
GRAYSCALE COINDESK CRYPTO GDLC	GDLC	8,722	$272.0k8.7k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	1,466	$214.5k1.5k shares