13F HOLDINGS REPORT

Duncan Williams Asset Management, LLC

Quarter ended Q4 2025 · Filed February 5, 2026 · Accession 0001765380-26-000064

Total Value

$402.5M

Positions

170

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (170)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	WISDOMTREE US QUALITY DIVIDEND GROWTH FUND	WT	523,234	$48.2M	11.98%
2	VANGUARD GROWTH ETF	922908736	102,995	$48.1M	11.96%
3	ISHARES CORE S&P US VALUE ETF	464287663	272,824	$29.2M	7.26%
4	AVANTIS ALL INTERNATIONAL MARKETS EQUITY ETF	025072174	280,261	$22.2M	5.52%
5	APPLE INC	AAPL	55,201	$15.3M	3.79%
6	TR ACTIVEBETA US SMALL CAP EQUITY ETF	NVGLF	155,976	$12.3M	3.06%
7	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	181,890	$12.2M	3.02%
8	VANGUARD S&P 500 ETF	922908363	16,485	$10.4M	2.58%
9	VANGUARD VALUE ETF	922908744	50,079	$10.2M	2.53%
10	FIRST HORIZON CORPORATION COM	FHN-PH	343,772	$8.9M	2.20%
11	SCHWAB US DIVIDEND EQUITY ETF	808524797	285,319	$8.8M	2.20%
12	VANGUARD FTSE EMERGING MARKETS ETF	922042858	131,513	$7.4M	1.84%
13	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	14,611	$7.4M	1.83%
14	MICROSOFT	MSFT	17,757	$7.4M	1.83%
15	VANGUARD SMALL-CAP ETF	922908751	26,621	$7.2M	1.80%
16	POWERSHARES QQQ TR	IVZ	11,451	$6.9M	1.72%
17	AMAZON.COM INC	AMZN	24,269	$5.7M	1.40%
18	AUTOZONE INC NEV	AZO	1,207	$4.5M	1.12%
19	ALPHABET INC CAP STK CL C	GOOG	13,419	$4.5M	1.11%
20	INVESCO S&P MIDCAP QUALITY ETF	IVZ	39,778	$4.3M	1.06%
21	FEDEX CORP	FDX	11,707	$4.2M	1.05%
22	VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF	921946794	39,591	$3.9M	0.96%
23	VANGUARD MID-CAP ETF	922908629	12,780	$3.8M	0.95%
24	MASTERCARD INC	MA	6,659	$3.7M	0.92%
25	STATE STR SPDR S&P 500 ETF TR TR UNIT	SPY	5,279	$3.6M	0.90%
26	WALMART INC COM	WMT	25,519	$3.3M	0.81%
27	VISA INC	V	9,596	$3.2M	0.79%
28	REGIONS FINANCIAL CORP NEW	RF-PF	88,883	$2.7M	0.67%
29	PROSHARES TR PSHS CS 130/30	74347R248	31,712	$2.5M	0.62%
30	VANGUARD DIVIDEND APPRECIATION ETF	921908844	10,946	$2.5M	0.62%
31	VANGUARD RUSSELL 1000 GROWTH ETF	92206C680	14,679	$1.7M	0.43%
32	VANGUARD TOTAL INTL STOCK IDEX ETF	921909768	19,559	$1.6M	0.39%
33	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	874039100	4,799	$1.6M	0.39%
34	COSTCO WHOLESALE CORP	22160K105	1,570	$1.5M	0.38%
35	EASTGROUP PPTYS INC	277276101	8,300	$1.5M	0.38%
36	JOHNSON & JOHNSON COM	JNJ	6,385	$1.5M	0.37%
37	ELI LILLY & CO COM	LLY	1,299	$1.4M	0.36%
38	ISHARES MSCI EAFE GROWTH INDEX ETF	464288885	11,971	$1.4M	0.35%
39	PIMCO INTERMEDIATE MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND	72201R866	26,550	$1.4M	0.35%
40	CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF	14019W109	44,192	$1.4M	0.34%
41	GOOGLE INC	GOOG	4,129	$1.4M	0.34%
42	TESLA MOTORS INC	TSLA	3,268	$1.3M	0.33%
43	PINNACLE FINL PARTNERS INC COM	72348N109	12,954	$1.3M	0.33%
44	MARATHON PETE CORP	MARA	6,552	$1.3M	0.32%
45	ISHARES RUSSELL MIDCAP GROWTH ETF	464287481	9,358	$1.2M	0.31%
46	UNITEDHEALTH GROUP	UNH	4,340	$1.2M	0.30%
47	SPDR DOW JONES INDUSTRIAL ETF	78467X109	2,382	$1.2M	0.29%
48	RESMED INC COM	RSMDF	4,451	$1.2M	0.29%
49	HOME DEPOT	HD	3,004	$1.2M	0.29%
50	NVIDIA CORPORATION COM	NVDA	6,655	$1.2M	0.29%
51	FORTINET INC COM	FTNT	14,211	$1.2M	0.29%
52	ABBVIE INC COM	ABBV	5,016	$1.1M	0.27%
53	EXXON MOBIL CORP COM	XOM	7,326	$1.1M	0.27%
54	ACCENTURE LTD BERMUDA CL A	ACN	4,463	$1.1M	0.27%
55	NEWMONT CORP COM	NEMCL	9,027	$1.1M	0.26%
56	PIMCO DYNAMIC INCOMEFD SHS	72201Y101	56,124	$1.0M	0.26%
57	CAPITAL GROUP MUNICIPAL INCOME ETF	14020Y201	36,975	$1.0M	0.25%
58	KKR & CO INC COM	KKRT	9,749	$1.0M	0.25%
59	SALESFORCE COM	CRM	5,067	$1.0M	0.25%
60	GOLDMAN SACHS S&P 500 PREMIUM INCOME ETF	NVGLF	19,185	$1.0M	0.25%
61	ASML HLDG NV N Y REGISTRY SHS	ASMLF	743	$994,974	0.25%
62	GOLDMAN SACHS GROUP INC	GSCE	1,073	$980,310	0.24%
63	LINDE PLC SHS	LIN	2,065	$977,267	0.24%
64	PROCTER & GAMBLE CO COM	742718109	6,174	$968,512	0.24%
65	AMGEN INC	AMGN	2,629	$962,642	0.24%
66	DEERE & CO COM	DE	1,684	$955,266	0.24%
67	VANGUARD SMALL-CAP GROWTH ETF	922908595	3,030	$938,838	0.23%
68	BROOKFIELD ASSET MGMT INC COM VOTING	11271J107	20,122	$923,201	0.23%
69	ADVANCED MICRO DEVICES INC COM	AMD	4,324	$865,622	0.22%
70	CIPHER MINING INC COM	17253J106	60,504	$862,182	0.21%
71	MERCK & CO INC	MRK	7,274	$860,732	0.21%
72	RED RIVER BANCSHARES INC COM	RRBI	9,050	$817,668	0.20%
73	INTL BUSINESS MACHINES	INTR	2,760	$797,904	0.20%
74	COPART INC COM	CPRT	19,702	$791,232	0.20%
75	VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF	921946810	8,491	$790,311	0.20%
76	JANUS HENDERSON AAA CLO ETF	47103U845	15,312	$776,140	0.19%
77	GUGGENHEIM ETF TRUST S&P 500 EQUAL WEIGHT	IVZ	3,705	$742,188	0.18%
78	WORKDAY INC CL A	WDAY	4,338	$738,111	0.18%
79	PIMCO ACTIVE BOND EXCHANGE-TRADED FUND	72201R775	7,777	$723,351	0.18%
80	TRUIST FINL CORP COM	89832Q109	12,803	$705,566	0.18%
81	NORTHROP GRUMMAN CORP COM	NOC	1,000	$689,750	0.17%
82	ISHARES MSCI EAFE ETF	464287465	6,584	$670,130	0.17%
83	PROSHARES INVESTMENT GRADE-INTEREST RATE HEDGED	74347B607	8,266	$648,708	0.16%
84	VICI PPTYS INC COM	925652109	22,123	$638,246	0.16%
85	MERCADOLIBRE INC COM	MELI	308	$632,256	0.16%
86	PROTHENA CORP PLC SHS	PRTA	70,281	$624,798	0.16%
87	DANAHER CORP	235851102	2,758	$605,467	0.15%
88	JPMORGAN CHASE & CO COM	VYLD	1,895	$601,330	0.15%
89	PALANTIR TECHNOLOGIES INC CL A	PLTR	4,293	$599,105	0.15%
90	T-MOBILE US INC COM	TMUSZ	2,922	$589,663	0.15%
91	VANGUARD TOTAL STK MKT	922908769	1,742	$589,283	0.15%
92	ISHARES U.S. AEROSPACE & DEFENSE ETF	464288760	2,536	$578,096	0.14%
93	META PLATFORMS INC CL A	META	863	$577,490	0.14%
94	WASTE MANAGEMENT INC	94106L109	2,520	$570,604	0.14%
95	GENERAL DYNAMICS CORP COM	GD	1,600	$565,392	0.14%
96	NYLI MERGER ARBITRAGE ETF	45409B800	15,286	$551,137	0.14%
97	BROADCOM INC COM	AVGO	1,765	$543,678	0.14%
98	WISDOMTREE INTEREST RATE HEDGED HIGH YIELD BOND FUND	WT	23,387	$528,430	0.13%
99	ZYMEWORKS INC COM	ZYME	22,095	$510,615	0.13%
100	VANGUARD MEGA CAP VALUE ETF	921910840	3,354	$506,186	0.13%
101	NAVITAS SEMICONDUCTOR CORP COM	NVTS	60,000	$492,000	0.12%
102	ABBOTT LABS COM	ABLZF	4,458	$482,408	0.12%
103	PHILIP MORRIS INTL INC	718172109	2,566	$462,849	0.12%
104	WELLS FARGO & CO COM	949746101	4,915	$457,769	0.11%
105	NUCOR CORP COM	NUE	2,355	$447,351	0.11%
106	L3HARRIS TECHNOLOGIES INC COM	LHX	1,317	$446,555	0.11%
107	ORACLE CORPORATION	ORCL-PD	2,996	$439,464	0.11%
108	BANK AMERICA CORP COM	060505104	7,867	$435,684	0.11%
109	STATE STREET SPDR BLOOMBERG CONVERTIBLE SECURITIES ETF	78464A359	4,612	$428,040	0.11%
110	LOCKHEED MARTIN CORP	LMT	704	$424,587	0.11%
111	CAPITAL GROUP INTERNATIONAL EQUITY ETF	14021M107	11,853	$423,405	0.11%
112	RENASANT CORP COM	RNST	10,300	$419,416	0.10%
113	BRISTOL-MYERS SQUIBB CO COM	CELG-RI	7,162	$412,654	0.10%
114	ISHARES CONVERTIBLE BOND ETF	46435G102	3,995	$410,637	0.10%
115	CAPITAL GROUP GROWTH ETF	14020G101	9,392	$403,579	0.10%
116	APELLIS PHARMACEUTICALS INC COM	APLS	17,005	$393,666	0.10%
117	ISHARES TR RUSSELL MIDCAP INDEX FD	464287499	3,919	$392,880	0.10%
118	VANGUARD SHORT-TERM BOND ETF	921937827	4,955	$389,711	0.10%
119	PFIZER INC COM	PFE	14,532	$389,170	0.10%
120	ISHARES S&P 500 INDEX	464287200	540	$372,465	0.09%
121	EOS ENERGY ENTERPRISES INC COM CL A	EOSE	29,740	$368,776	0.09%
122	GLOBAL MED REIT INC COM NEW	37954A303	9,920	$355,928	0.09%
123	PHILLIPS 66	PSX	2,287	$353,776	0.09%
124	VANGUARD MID-CAP GROWTH ETF	922908538	1,287	$349,286	0.09%
125	VANGUARD GOVERNMENT SECURITIES ACTIVE ETF	922020714	4,396	$333,731	0.08%
126	COCA COLA CO COM	KO	4,277	$330,849	0.08%
127	YUM! BRANDS INC	YUM	2,050	$327,119	0.08%
128	HUNTINGTON BANCSHARES INC COM	HBANP	16,871	$320,886	0.08%
129	FRANKLIN DYNAMIC MUNICIPAL BOND ETF	FGDL	12,590	$316,020	0.08%
130	ANAPTYSBIO INC COM	ANABV	6,525	$315,680	0.08%
131	TVARDI THERAPEUTICS INC COM	TVRD	80,771	$311,776	0.08%
132	ENTERPRISE PRODS PARTNERS L P	293792107	8,722	$307,003	0.08%
133	STATE STREET SPDR PORTFOLIO S&P 600 SMALL CAP ETF	78468R853	6,060	$305,339	0.08%
134	CATERPILLAR INC COM	CAT	438	$303,017	0.08%
135	JABIL INC COM	JBL	1,264	$298,356	0.07%
136	ALLSTATE CORP	ALL-PJ	1,414	$292,845	0.07%
137	CORE SCIENTIFIC INC NEW COM	21874A106	18,031	$291,201	0.07%
138	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	3,974	$287,283	0.07%
139	MID-AMER APT CMNTYS INC	59522J103	2,102	$283,881	0.07%
140	ISHARES 3-7 YR TREASURY BOND ETF	464288661	2,368	$281,489	0.07%
141	AFLAC INC COM	AFL	2,402	$272,915	0.07%
142	WISDOMTREE INTERNATIONAL EQUITY FUND	WT	3,717	$271,110	0.07%
143	PROSHARES S&P MIDCAP 400 DIVIDEND ARISTOCRATS ETF	74347B680	2,939	$269,149	0.07%
144	SOUTHERN CO COM	SOMN	2,969	$268,090	0.07%
145	VERIZON COMMUNICATIONS	VZ	5,659	$266,006	0.07%
146	VANGUARD INTERMEDIATE-TERM BOND	921937819	3,428	$265,641	0.07%
147	VANGUARD TAX-EXEMPT BOND ETF	922907746	5,175	$261,545	0.06%
148	AT&T INC COM	T-PC	9,596	$261,198	0.06%
149	GE AEROSPACE COM NEW	369604301	846	$260,994	0.06%
150	VANGUARD REIT INDEX ETF	922908553	2,831	$257,525	0.06%
151	CONOCOPHILLIPS COM	COP	2,370	$254,988	0.06%
152	ISHARES DJ SELECT DIVIDEND	464287168	1,645	$253,914	0.06%
153	CORNING INC COM	GLW	2,216	$243,073	0.06%
154	CAPITAL GROUP DIVIDEND VALUE ETF	14020W106	5,231	$234,654	0.06%
155	STRAWBERRY FIELDS REIT INC COM	STRW	17,681	$233,384	0.06%
156	HEALTH CARE PPTY INVS INC	DOC	13,808	$231,693	0.06%
157	IRON MOUNTAIN INC	46284V101	2,562	$230,718	0.06%
158	PEPSICO INC COM	PEP	1,376	$228,596	0.06%
159	MARSH & MCLENNAN COS INC COM	571748102	1,204	$228,418	0.06%
160	INVESCO S&P 500 PURE GROWTH ETF	IVZ	4,484	$213,510	0.05%
161	CSX CORP	CSX	5,250	$209,213	0.05%
162	NIKE INC CLASS B	NKE	3,223	$206,953	0.05%
163	ISHARES RUSSELL MIDCAP VALUE INDEX	464287473	1,340	$201,061	0.05%
164	ARCHER DANIELS MIDLAND CO COM	ADM	2,983	$200,875	0.05%
165	ENERGY TRANSFER EQUITY L P COM UNIT LTD PARTNERSHIP	ET-PI	10,738	$197,260	0.05%
166	RELAY THERAPEUTICS INC COM	RLAY	11,763	$99,868	0.02%
167	ANTERIS TECHNOLOGIES GLOBAL COM	AVR	10,870	$60,546	0.02%
168	HIVE DIGITAL TECHNOLOGIES LTD COM NEW	HIVE	16,127	$36,931	0.01%
169	REDWOOD TRUST INC 7.75 06/15/2027	RWTQ	25,000	$25,250	0.01%
170	CANAAN INC SPONSORED ADS	CAN	31,000	$17,884	0.00%