Duncan Williams Asset Management, LLC

MEMPHIS, TN · CIK 2011771 · 13F filing filed 2025-07-22

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

$316.8m reported value +14.4% vs Q1 2025

154positions

54.6%in top 10

9 new 82 added 34 reduced 2 sold out vs Q1 2025

Holdings, Q2 2025

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	100,169	$43.9m13.86%	13.86%	Added +3.3k	+3,316 3.4%
2	WISDOMTREE TR US QTLY DIV GRT DGRW	DGRW	442,863	$37.1m11.71%	11.71%	Added +54.4k	+54,401 14.0%
3	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	1,124,692	$29.8m9.41%	9.41%	Added +80.1k	+80,085 7.7%
4	APPLE INC COM AAPL	AAPL	55,656	$11.4m3.60%	3.60%	Reduced -1.6k	-1,645 -2.9%
5	MICROSOFT CORP COM MSFT	MSFT	19,666	$9.8m3.09%	3.09%	Added +1.2k	+1,182 6.4%
6	GOLDMAN SACHS ETF TR ACTIVEBETA US GSSC	GSSC	134,394	$9.2m2.91%	2.91%	Added +108.6k	+108,588 420.8%
7	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	15,504	$8.8m2.78%	2.78%	Added +941	+941 6.5%
8	VANGUARD INDEX FDS VALUE ETF VTV	VTV	46,237	$8.2m2.58%	2.58%	Added +248	+248 0.5%
9	FIRST HORIZON CORPORATION COM FHN	FHN	358,810	$7.6m2.40%	2.40%	Added +41	+41 0.0%
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	14,625	$7.1m2.24%	2.24%	Added +200	+200 1.4%
11	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	12,048	$6.6m2.10%	2.10%	Added +270	+270 2.3%
12	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	108,283	$6.2m1.95%	1.95%	Added +4.9k	+4,912 4.8%
13	VANGUARD INDEX FDS SMALL CP ETF VB	VB	24,619	$5.8m1.84%	1.84%	Reduced -19	-19 -0.1%
14	AMAZON COM INC COM AMZN	AMZN	24,021	$5.3m1.66%	1.66%	Added +1.3k	+1,320 5.8%
15	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	104,514	$5.2m1.63%	1.63%	Added +8.2k	+8,152 8.5%
16	AUTOZONE INC COM AZO	AZO	1,232	$4.6m1.44%	1.44%	Reduced -13	-13 -1.0%
17	MASTERCARD INCORPORATED CL A MA	MA	6,726	$3.8m1.19%	1.19%	Added +131	+131 2.0%
18	VISA INC COM CL A V	V	10,317	$3.7m1.16%	1.16%	Added +193	+193 1.9%
19	VANGUARD INDEX FDS MID CAP ETF VO	VO	11,399	$3.2m1.01%	1.01%	Added +202	+202 1.8%
20	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,129	$3.2m1.00%	1.00%	Added +45	+45 0.9%
21	FEDEX CORP COM FDX	FDX	12,017	$2.7m0.86%	0.86%	Reduced -259	-259 -2.1%
22	WALMART INC COM WMT	WMT	27,043	$2.6m0.83%	0.83%	Added +58	+58 0.2%
23	INVESCO EXCHANGE TRADED FD T S&P MDCP QUALITY XMHQ	XMHQ	23,150	$2.3m0.72%	0.72%	Reduced -2.4k	-2,391 -9.4%
24	VANGUARD WHITEHALL FDS INTL HIGH ETF VYMI	VYMI	28,281	$2.3m0.72%	0.72%	Reduced -1.9k	-1,855 -6.2%
25	ALPHABET INC CAP STK CL C GOOG	GOOG	12,660	$2.2m0.71%	0.71%	Added +5.3k	+5,349 73.2%
26	PROSHARES TR LARGE CAP CRE CSM	CSM	31,688	$2.2m0.70%	0.70%	Unchanged
27	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	10,814	$2.2m0.70%	0.70%	Reduced -666	-666 -5.8%
28	REGIONS FINANCIAL CORP NEW COM RF	RF	88,881	$2.1m0.66%	0.66%	Added +2	+2 0.0%
29	PIMCO DYNAMIC INCOME FD SHS PDI	PDI	99,901	$1.9m0.60%	0.60%	Added +1.7k	+1,746 1.8%
30	PIMCO ETF TR INTER MUN BD ACT MUNI	MUNI	34,560	$1.8m0.56%	0.56%	Added +249	+249 0.7%
31	KKR & CO INC COM KKR	KKR	12,842	$1.7m0.54%	0.54%	Added +1.8k	+1,806 16.4%
32	NVIDIA CORPORATION COM NVDA	NVDA	10,793	$1.7m0.54%	0.54%	Added +1.4k	+1,404 14.9%
33	FORTINET INC COM FTNT	FTNT	14,664	$1.6m0.49%	0.49%	Added +2.3k	+2,298 18.6%
34	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	14,068	$1.5m0.48%	0.48%	Added +510	+510 3.8%
35	CAPITAL GROUP INTL FOCUS EQT SHS CREATION UNI CGXU	CGXU	55,116	$1.5m0.47%	0.47%	Reduced -5.4k	-5,406 -8.9%
36	COSTCO WHSL CORP NEW COM COST	COST	1,478	$1.5m0.46%	0.46%	Added +121	+121 8.9%
37	ISHARES TR EAFE GRWTH ETF EFG	EFG	12,459	$1.4m0.44%	0.44%	Added +7	+7 0.1%
38	EASTGROUP PPTYS INC COM EGP	EGP	8,300	$1.4m0.44%	0.44%	Unchanged
39	PINNACLE FINL PARTNERS INC COM COM		12,443	$1.4m0.43%	0.43%	Unchanged
40	MARATHON PETE CORP COM MPC	MPC	8,239	$1.4m0.43%	0.43%	Added +1.1k	+1,072 15.0%
41	ISHARES TR RUS MD CP GR ETF IWP	IWP	9,593	$1.3m0.42%	0.42%	Unchanged
42	UNITEDHEALTH GROUP INC COM UNH	UNH	4,246	$1.3m0.42%	0.42%	Added +1.3k	+1,324 45.3%
43	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	4,188	$1.3m0.40%	0.40%	Added +686	+686 19.6%
44	RESMED INC COM RMD	RMD	4,618	$1.2m0.38%	0.38%	Added +749	+749 19.4%
45	HOME DEPOT INC COM HD	HD	3,100	$1.1m0.36%	0.36%	Added +7	+7 0.2%
46	COPART INC COM CPRT	CPRT	21,855	$1.1m0.34%	0.34%	Added +3.1k	+3,074 16.4%
47	SPDR DOW JONES INDL AVERAGE UT SER 1 DIA	DIA	2,374	$1.0m0.33%	0.33%	Added +186	+186 8.5%
48	BROOKFIELD CORP CL A LTD VT SH BN	BN	16,659	$1.0m0.33%	0.33%	Added +2.3k	+2,348 16.4%
49	PROCTER AND GAMBLE CO COM PG	PG	6,303	$1.0m0.32%	0.32%	Reduced -377	-377 -5.6%
50	LINDE PLC SHS LIN	LIN	2,135	$1.0m0.32%	0.32%	Added +378	+378 21.5%
51	SALESFORCE INC COM CRM	CRM	3,616	$986.0k0.31%	0.31%	Added +480	+480 15.3%
52	PEPSICO INC COM PEP	PEP	7,395	$976.5k0.31%	0.31%	Added +1.0k	+1,020 16.0%
53	JOHNSON & JOHNSON COM JNJ	JNJ	6,387	$975.6k0.31%	0.31%	Reduced -32	-32 -0.5%
54	US FOODS HLDG CORP COM USFD	USFD	12,088	$930.9k0.29%	0.29%	Added +1.8k	+1,788 17.4%
55	PULTE GROUP INC COM PHM	PHM	8,802	$928.2k0.29%	0.29%	Added +942	+942 12.0%
56	ABBVIE INC COM ABBV	ABBV	4,980	$924.4k0.29%	0.29%	Added +47	+47 0.9%
57	STRIDE INC COM LRN	LRN	6,242	$906.3k0.29%	0.29%	Added +1.8k	+1,829 41.5%
58	VANGUARD INDEX FDS SML CP GRW ETF VBK	VBK	3,236	$896.2k0.28%	0.28%	Unchanged
59	VANGUARD WHITEHALL FDS INTL DVD ETF VIGI	VIGI	9,784	$881.7k0.28%	0.28%	Reduced -177	-177 -1.8%
60	WORKDAY INC CL A WDAY	WDAY	3,664	$879.4k0.28%	0.28%	Added +510	+510 16.2%
61	TESLA INC COM TSLA	TSLA	2,746	$872.3k0.28%	0.28%	Added +359	+359 15.0%
62	DEERE & CO COM DE	DE	1,692	$860.6k0.27%	0.27%	Reduced -120	-120 -6.6%
63	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,868	$845.4k0.27%	0.27%	Reduced -12	-12 -0.4%
64	EXXON MOBIL CORP COM XOM	XOM	7,280	$784.8k0.25%	0.25%	Reduced -284	-284 -3.8%
65	GOLDMAN SACHS GROUP INC COM GS	GS	1,083	$766.7k0.24%	0.24%	Added +13	+13 1.2%
66	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	4,155	$755.0k0.24%	0.24%	Reduced -1.9k	-1,949 -31.9%
67	PROSHARES TR INVT INT RT HG IGHG	IGHG	9,546	$747.9k0.24%	0.24%	Unchanged
68	AMGEN INC COM AMGN	AMGN	2,622	$732.2k0.23%	0.23%	Added +3	+3 0.1%
69	VICI PPTYS INC COM VICI	VICI	21,934	$715.1k0.23%	0.23%	Added +4.9k	+4,851 28.4%
70	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	10,280	$710.3k0.22%	0.22%	Added +697	+697 7.3%
71	PIMCO ETF TR ACTIVE BD ETF BOND	BOND	7,504	$691.7k0.22%	0.22%	Reduced -11	-11 -0.1%
72	ORACLE CORP COM ORCL	ORCL	3,019	$659.9k0.21%	0.21%	Added +17	+17 0.6%
73	ALPHABET INC CAP STK CL A GOOGL	GOOGL	3,686	$649.7k0.21%	0.21%	Reduced -60	-60 -1.6%
74	ABBOTT LABS COM ABT	ABT	4,635	$630.5k0.20%	0.20%	Added +40	+40 0.9%
75	T-MOBILE US INC COM TMUS	TMUS	2,625	$625.4k0.20%	0.20%	New
76	ADVANCED MICRO DEVICES INC COM AMD	AMD	4,297	$609.7k0.19%	0.19%	Added +1.1k	+1,055 32.5%
77	ISHARES TR MSCI EAFE ETF EFA	EFA	6,798	$607.7k0.19%	0.19%	Added +43	+43 0.6%
78	BROADCOM INC COM AVGO	AVGO	2,135	$588.6k0.19%	0.19%	Added +26	+26 1.2%
79	BENTLEY SYS INC COM CL B BSY	BSY	10,906	$588.6k0.19%	0.19%	New
80	INDEXIQ ETF TR IQ MRGR ARB ETF MNA	MNA	16,626	$586.4k0.19%	0.19%	Unchanged
81	WISDOMTREE TR HEDGED HI YLD BD HYZD	HYZD	26,139	$585.2k0.18%	0.18%	Reduced -42	-42 -0.2%
82	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	4,291	$585.0k0.18%	0.18%	Added +1.3k	+1,306 43.8%
83	META PLATFORMS INC CL A META	META	784	$578.9k0.18%	0.18%	Reduced -21	-21 -2.6%
84	WASTE MGMT INC DEL COM WM	WM	2,520	$576.6k0.18%	0.18%	Added +500	+500 24.8%
85	MERCK & CO INC COM MRK	MRK	7,226	$572.0k0.18%	0.18%	Reduced -55	-55 -0.8%
86	TRUIST FINL CORP COM TFC	TFC	13,008	$559.2k0.18%	0.18%	Added +132	+132 1.0%
87	JPMORGAN CHASE & CO COM JPM	JPM	1,897	$550.1k0.17%	0.17%	Added +10	+10 0.5%
88	PROTHENA CORP PLC SHS PRTA	PRTA	88,339	$536.2k0.17%	0.17%	Unchanged
89	RED RIVER BANCSHARES INC COM RRBI	RRBI	9,050	$531.2k0.17%	0.17%	Unchanged
90	CARA THERAPEUTICS INC COM NEW COM NEW		21,830	$509.3k0.16%	0.16%	New
91	NORTHROP GRUMMAN CORP COM NOC	NOC	1,000	$500.0k0.16%	0.16%	Unchanged
92	DANAHER CORPORATION COM DHR	DHR	2,510	$495.7k0.16%	0.16%	Added +100	+100 4.2%
93	ISHARES TR US AER DEF ETF ITA	ITA	2,533	$477.7k0.15%	0.15%	Added +1	+1 0.0%
94	GENERAL DYNAMICS CORP COM GD	GD	1,600	$466.7k0.15%	0.15%	Unchanged
95	PHILIP MORRIS INTL INC COM PM	PM	2,493	$454.0k0.14%	0.14%	Added +131	+131 5.5%
96	WELLS FARGO CO NEW COM WFC	WFC	5,388	$431.7k0.14%	0.14%	Reduced -233	-233 -4.2%
97	SPDR SER TR BBG CONV SEC ETF CWB	CWB	4,909	$405.8k0.13%	0.13%	Unchanged
98	RENASANT CORP COM RNST	RNST	11,115	$399.4k0.13%	0.13%	Unchanged
99	VANGUARD WORLD FD MEGA CAP VAL ETF MGV	MGV	3,006	$394.4k0.12%	0.12%	Unchanged
100	NAVITAS SEMICONDUCTOR CORP COM NVTS	NVTS	60,000	$393.0k0.12%	0.12%	Reduced -10.0k	-10,000 -14.3%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
ALGONQUIN PWR UTILS CORP AQN	AQN	19,800	$101.8k19.8k shares
ABRDN INCOME CREDIT STRATEGI ACP	ACP	10,093	$59.4k10.1k shares