Managers / Q1 2025 · view latest →

Duncan Williams Asset Management, LLC

CIK 0002011771 · 5350 POPLAR AVENUE, SUITE 600, MEMPHIS, TN, 38119 · (901)260-6800

Reported Value

$277M

Q1 2025

Positions

147

Filings on Record

2019–present window

Filed

Apr 21, 2025

original filing

Summary

Duncan Williams Asset Management, LLC reported $277M in U.S.-listed holdings across 147 positions for Q1 2025.

Its largest position, VUG, represents 13.0% of the portfolio.

Compared with Q4 2024, the fund opened 6 new positions and exited 5.

Portfolio Metrics

Turnover

+4.4%

vs prior filed quarter

Top-10 Concentration

+54.7%

share of reported value

Largest Position

+13.0%

Vanguard Growth Etf

New / Exited

6 / 5

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 60.5% · $167M
Common Stock · 35.9% · $99M
Other · 1.6% · $4M
REIT · 1.3% · $3M
Closed-End Fund · 0.7% · $2M
Other · 0.1% · $313,570

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
VANGUARD TOTAL INTL STOCK IDEX ETF	NEW	+9.6K	9.6K	+$595,080	$595,080
LRN STRIDE INC COM	NEW	+4.4K	4.4K	+$558,245	$558,245
ZYME ZYMEWORKS INC COM	NEW	+22.1K	22.1K	+$263,151	$263,151
SPDR PORTFOLIO S&P 600 SMALL CAP ETF	NEW	+5.6K	5.6K	+$229,780	$229,780
AFL AFLAC INC COM	NEW	+2.0K	2.0K	+$218,711	$218,711
LLY ELI LILLY & CO COM	NEW	+253	253	+$208,955	$208,955
WISDOMTREE US QUALITY DIVIDEND GROWTH FUND	ADDED	+218.5K	388.5K	+$17M	$31M
LMT LOCKHEED MARTIN CORP	SOLD OUT	−1.5K	0	−$751,222	$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

50 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	VUG VANGUARD GROWTH ETF history →	ETF	12.97%	$36M	96.9K
2	WISDOMTREE US QUALITY DIVIDEND GROWTH FUND	ETF	11.21%	$31M	388.5K
3	SCHWAB US DIVIDEND EQUITY ETF	ETF	10.55%	$29M	1.04M
4	AAPL APPLE INC history →	Stock	4.60%	$13M	57.3K
5	VTV VANGUARD VALUE ETF history →	ETF	2.87%	$8M	46.0K
6	BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW history →	Stock	2.78%	$8M	14.4K
7	VANGUARD S&P 500 ETF	ETF	2.70%	$7M	14.6K
8	FT2 FIRST HORIZON CORPORATION COM history →	Stock	2.52%	$7M	358.8K
9	MSFT MICROSOFT history →	Stock	2.51%	$7M	18.5K
10	NDQ POWERSHARES QQQ TR history →	ETF	2.00%	$6M	11.8K
11	VANGUARD SMALL-CAP ETF	ETF	1.97%	$5M	24.6K
12	VANGUARD FTSE DEVELOPED MARKETS ETF	ETF	1.90%	$5M	103.4K
13	AZO AUTOZONE INC NEV history →	Stock	1.71%	$5M	1.2K
14	VANGUARD FTSE EMERGING MARKETS ETF	ETF	1.58%	$4M	96.4K
15	AMZN AMAZON.COM INC history →	Stock	1.56%	$4M	22.7K
16	MA MASTERCARD INC history →	Stock	1.31%	$4M	6.6K
17	V VISA INC history →	Stock	1.28%	$4M	10.1K
18	FDX FEDEX CORP history →	Stock	1.08%	$3M	12.3K
19	VANGUARD MID-CAP ETF	ETF	1.05%	$3M	11.2K
20	SPDR S&P 500 ETF TRUST	ETF	1.03%	$3M	5.1K
21	WMT WALMART INC COM	Stock	0.86%	$2M	27.0K
22	INVESCO S&P MIDCAP QUALITY ETF	ETF	0.84%	$2M	25.5K
23	VANGUARD DIVIDEND APPRECIATION ETF	ETF	0.80%	$2M	11.5K
24	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF	ETF	0.80%	$2M	30.1K
25	PROSHARES TR PSHS CS 130/30	ETF	0.73%	$2M	31.7K
26	PDI PIMCO DYNAMIC INCOMEFD SHS	CEF	0.70%	$2M	98.2K
27	RF REGIONS FINANCIAL CORP NEW	Stock	0.70%	$2M	88.9K
28	PIMCO INTERMEDIATE MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND	ETF	0.64%	$2M	34.3K
29	TR ACTIVEBETA US SMALL CAP EQUITY ETF	ETF	0.59%	$2M	25.8K
30	UNH UNITEDHEALTH GROUP	Stock	0.55%	$2M	2.9K
31	CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF	ETF	0.54%	$1M	60.5K
32	EGP EASTGROUP PPTYS INC	REIT	0.53%	$1M	8.3K
33	PINNACLE FINL PARTNERS INC COM	Stock	0.48%	$1M	12.4K
34	COST COSTCO WHOLESALE CORP	Stock	0.46%	$1M	1.4K
35	KKR KKR & CO INC COM	Stock	0.46%	$1M	11.0K
36	VANGUARD RUSSELL 1000 GROWTH ETF	ETF	0.45%	$1M	13.6K
37	ISHARES MSCI EAFE GROWTH INDEX ETF	ETF	0.45%	$1M	12.5K
38	FTNT FORTINET INC COM	Stock	0.43%	$1M	12.4K
39	GOOG ALPHABET INC CAP STK CL C	Stock	0.41%	$1M	7.3K
40	PG PROCTER AND GAMBLE CO COM	Stock	0.41%	$1M	6.7K
41	HD HOME DEPOT	Stock	0.41%	$1M	3.1K
42	ISHARES RUSSELL MIDCAP GROWTH ETF	ETF	0.41%	$1M	9.6K
43	PROTHENA CORP PLC SHS	Stock	0.39%	$1M	88.3K
44	ACCENTURE LTD BERMUDA CL A	Stock	0.39%	$1M	3.5K
45	JNJ JOHNSON & JOHNSON COM	Stock	0.38%	$1M	6.4K
46	CPRT COPART INC COM	Stock	0.38%	$1M	18.8K
47	GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHT	ETF	0.38%	$1M	6.1K
48	CMCSA COMCAST CORP NEW CL A	Stock	0.38%	$1M	28.5K
49	MPC MARATHON PETE CORP	Stock	0.38%	$1M	7.2K
50	ABBV ABBVIE INC COM	Stock	0.37%	$1M	4.9K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$361M	154	May 5, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$402M	170	Feb 5, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$355M	164	Nov 12, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$317M	154	Jul 22, 2025	RESTATEMENT	changes · EDGAR ↗
Q1 2025	$277M	147	Apr 21, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$254M	146	Jan 21, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$181M	129	Oct 3, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$119M	63	Jul 11, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$111M	68	Apr 3, 2024	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.