Duncan Williams Asset Management, LLC

MEMPHIS, TN · CIK 2011771 · 13F filing filed 2024-07-11

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

$118.6m reported value +6.9% vs Q1 2024

63positions

70.8%in top 10

3 new 39 added 12 reduced 8 sold out vs Q1 2024

Holdings, Q2 2024

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	74,595	$27.9m23.52%	23.52%	Added +5.5k	+5,522 8.0%
2	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	280,211	$21.8m18.37%	18.37%	Added +27.5k	+27,481 10.9%
3	WISDOMTREE TR US QTLY DIV GRT DGRW	DGRW	114,296	$8.9m7.52%	7.52%	Added +11.3k	+11,267 10.9%
4	MICROSOFT CORP COM MSFT	MSFT	15,314	$6.8m5.77%	5.77%	Reduced -1.3k	-1,292 -7.8%
5	FIRST HORIZON CORPORATION COM FHN	FHN	347,562	$5.5m4.62%	4.62%	Reduced -4.2k	-4,219 -1.2%
6	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	9,678	$4.6m3.91%	3.91%	Added +66	+66 0.7%
7	APPLE INC COM AAPL	AAPL	11,608	$2.4m2.06%	2.06%	Added +169	+169 1.5%
8	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	11,408	$2.1m1.76%	1.76%	Unchanged
9	AUTOZONE INC COM AZO	AZO	674	$2.0m1.68%	1.68%	Reduced -25	-25 -3.6%
10	AMAZON COM INC COM AMZN	AMZN	9,846	$1.9m1.60%	1.60%	Added +588	+588 6.3%
11	PIMCO ETF TR INTER MUN BD ACT MUNI	MUNI	30,264	$1.6m1.33%	1.33%	Added +2.2k	+2,214 7.9%
12	KKR & CO INC COM KKR	KKR	13,522	$1.4m1.20%	1.20%	Reduced -179	-179 -1.3%
13	VANGUARD WHITEHALL FDS INTL HIGH ETF VYMI	VYMI	19,303	$1.3m1.12%	1.12%	Added +5.0k	+5,025 35.2%
14	MASTERCARD INCORPORATED CL A MA	MA	2,974	$1.3m1.11%	1.11%	Added +226	+226 8.2%
15	INVESCO EXCHANGE TRADED FD T S&P MDCP QUALITY XMHQ	XMHQ	13,273	$1.3m1.09%	1.09%	Added +3.7k	+3,717 38.9%
16	VISA INC COM CL A V	V	4,664	$1.2m1.03%	1.03%	Added +408	+408 9.6%
17	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,008	$1.1m0.92%	0.92%	Reduced -5	-5 -0.2%
18	NVIDIA CORPORATION COM NVDA	NVDA	8,772	$1.1m0.91%	0.91%	Added +3.3k	+3,312 60.7%
19	UNITEDHEALTH GROUP INC COM UNH	UNH	2,046	$1.0m0.88%	0.88%	Added +182	+182 9.8%
20	PINNACLE FINL PARTNERS INC COM COM		12,633	$1.0m0.85%	0.85%	Unchanged
21	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	3,264	$990.3k0.83%	0.83%	Added +218	+218 7.2%
22	MARATHON PETE CORP COM MPC	MPC	5,152	$893.7k0.75%	0.75%	Added +196	+196 4.0%
23	LOCKHEED MARTIN CORP COM LMT	LMT	1,899	$886.9k0.75%	0.75%	Reduced -72	-72 -3.6%
24	COPART INC COM CPRT	CPRT	15,234	$825.1k0.70%	0.70%	Added +1.3k	+1,329 9.6%
25	GOLDMAN SACHS ETF TR ACTIVEBETA US GSSC	GSSC	12,948	$820.3k0.69%	0.69%	Added +4.7k	+4,708 57.1%
26	PULTE GROUP INC COM PHM	PHM	7,179	$790.4k0.67%	0.67%	Added +621	+621 9.5%
27	HOME DEPOT INC COM HD	HD	2,246	$773.1k0.65%	0.65%	Added +1	+1 0.0%
28	VANGUARD WHITEHALL FDS INTL DVD ETF VIGI	VIGI	9,424	$766.0k0.65%	0.65%	Added +62	+62 0.7%
29	COMCAST CORP NEW CL A CMCSA	CMCSA	18,709	$732.6k0.62%	0.62%	Added +1.3k	+1,295 7.4%
30	COSTCO WHSL CORP NEW COM COST	COST	815	$693.0k0.58%	0.58%	Added +60	+60 8.0%
31	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	1,739	$680.2k0.57%	0.57%	Added +2	+2 0.1%
32	JABIL INC COM JBL	JBL	6,183	$672.6k0.57%	0.57%	Added +83	+83 1.4%
33	AMGEN INC COM AMGN	AMGN	2,076	$648.6k0.55%	0.55%	Added +1	+1 0.1%
34	PEPSICO INC COM PEP	PEP	3,912	$645.2k0.54%	0.54%	Added +209	+209 5.6%
35	FORTINET INC COM FTNT	FTNT	10,598	$638.7k0.54%	0.54%	Added +2.1k	+2,054 24.0%
36	RESMED INC COM RMD	RMD	3,244	$621.0k0.52%	0.52%	Added +420	+420 14.9%
37	WALMART INC COM WMT	WMT	8,746	$592.2k0.50%	0.50%	Reduced -898	-898 -9.3%
38	BROOKFIELD CORP CL A LTD VT SH BN	BN	12,764	$530.2k0.45%	0.45%	Added +1.7k	+1,653 14.9%
39	CISCO SYS INC COM CSCO	CSCO	11,025	$523.8k0.44%	0.44%	Reduced -2.8k	-2,794 -20.2%
40	DANAHER CORPORATION COM DHR	DHR	2,049	$511.9k0.43%	0.43%	Added +228	+228 12.5%
41	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,023	$490.4k0.41%	0.41%	Added +34	+34 1.1%
42	LINDE PLC SHS LIN	LIN	1,021	$447.9k0.38%	0.38%	Added +214	+214 26.5%
43	FEDEX CORP COM FDX	FDX	1,484	$444.9k0.38%	0.38%	Added +350	+350 30.9%
44	NORTHROP GRUMMAN CORP COM NOC	NOC	1,000	$435.9k0.37%	0.37%	Unchanged
45	US FOODS HLDG CORP COM USFD	USFD	8,155	$432.1k0.36%	0.36%	Added +1.2k	+1,196 17.2%
46	WASTE MGMT INC DEL COM WM	WM	2,025	$432.0k0.36%	0.36%	Unchanged
47	ROYAL GOLD INC COM RGLD	RGLD	3,348	$419.1k0.35%	0.35%	Added +90	+90 2.8%
48	WORKDAY INC CL A WDAY	WDAY	1,873	$418.7k0.35%	0.35%	New
49	ISHARES TR US AER DEF ETF ITA	ITA	2,810	$371.1k0.31%	0.31%	Added +36	+36 1.3%
50	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	3,006	$356.2k0.30%	0.30%	Unchanged
51	ALPHABET INC CAP STK CL C GOOG	GOOG	1,819	$333.6k0.28%	0.28%	Reduced -79	-79 -4.2%
52	JOHNSON & JOHNSON COM JNJ	JNJ	2,179	$318.5k0.27%	0.27%	Reduced -1.1k	-1,057 -32.7%
53	CAPITAL GROUP INTL FOCUS EQT SHS CREATION UNI CGXU	CGXU	12,189	$313.5k0.26%	0.26%	New
54	TRUIST FINL CORP COM TFC	TFC	8,042	$312.4k0.26%	0.26%	Added +2.2k	+2,200 37.7%
55	ABBVIE INC COM ABBV	ABBV	1,806	$309.8k0.26%	0.26%	Added +21	+21 1.2%
56	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	1,300	$292.0k0.25%	0.25%	Unchanged
57	EXXON MOBIL CORP COM XOM	XOM	2,499	$287.7k0.24%	0.24%	Reduced -59	-59 -2.3%
58	RENASANT CORP COM RNST	RNST	9,268	$283.0k0.24%	0.24%	Unchanged
59	PHILLIPS 66 COM PSX	PSX	2,000	$282.3k0.24%	0.24%	Unchanged
60	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	1,175	$280.4k0.24%	0.24%	Added +7	+7 0.6%
61	YUM BRANDS INC COM YUM	YUM	2,100	$278.2k0.23%	0.23%	Unchanged
62	ISHARES TR CORE S&P500 ETF IVV	IVV	434	$237.5k0.20%	0.20%	Reduced -8	-8 -1.8%
63	REGIONS FINANCIAL CORP NEW COM RF	RF	11,081	$222.1k0.19%	0.19%	New

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
PALANTIR TECHNOLOGIES INC PLTR	PLTR	25,029	$575.9k25.0k shares
BECTON DICKINSON & CO BDX	BDX	1,600	$396.0k1.6k shares
MERCK & CO INC MRK	MRK	2,519	$332.4k2.5k shares
PROSHARES TR SMDV	SMDV	4,911	$314.0k4.9k shares
PROCTER AND GAMBLE CO PG	PG	1,484	$240.8k1.5k shares
ISHARES TR IEFA	IEFA	3,184	$236.3k3.2k shares
COCA COLA CO KO	KO	3,370	$206.2k3.4k shares
LUMEN TECHNOLOGIES INC LUMN	LUMN	11,500	$17.9k11.5k shares