Institutional Manager · CIK 0002011771
Duncan Williams Asset Management, LLC
MEMPHIS, TN · File #028-24045
Latest AUM
$402.5M
Positions
170
Top-10 Concentration
63.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | AVANTIS ALL INTERNATIONAL MARKETS EQUITY ETF | 025072174 | +271,899 | +$21.6M | +$72,416 |
| ADD | ISHARES CORE S&P US VALUE ETF | 464287663 | +65,030 | +$7.0M | +$1.5M |
| REDUCE | SCHWAB US DIVIDEND EQUITY ETF | 808524797 | -180,791 | -$5.6M | +$1.7M |
| ADD | VANGUARD FTSE DEVELOPED MARKETS ETF | 921943858 | +53,209 | +$3.6M | +$885,344 |
| ADD | WISDOMTREE US QUALITY DIVIDEND GROWTH FUND | WT | +32,967 | +$3.0M | +$1.5M |
| NEW | PINNACLE FINL PARTNERS INC COM | 72348N109 | +12,954 | +$1.3M | $0 |
| EXITED | PINNACLE FINL PARTNERS INC COM | 72346Q104 | -12,443 | -$1.2M | $0 |
| REDUCE | PEPSICO INC COM | PEP | -6,126 | -$1.0M | +$192,691 |
| ADD | ELI LILLY & CO COM | LLY | +916 | +$1.0M | +$131,799 |
| EXITED | STRIDE INC COM | 86333M108 | -6,419 | -$956,070 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025170 pos · $402.5M
- 13F HOLDINGS REPORTQ/E Sep 2025164 pos · $355.4M
- 13F HOLDINGS REPORT (Amended)Q/E Jun 2025154 pos · $316.8M
- 13F HOLDINGS REPORTQ/E Jun 2025115 pos · $427.8M
- 13F HOLDINGS REPORTQ/E Mar 2025147 pos · $276.8M
- 13F HOLDINGS REPORTQ/E Dec 2024146 pos · $254.0M
- 13F HOLDINGS REPORTQ/E Sep 2024129 pos · $181.5M
- 13F HOLDINGS REPORTQ/E Jun 202463 pos · $118.6M
- 13F HOLDINGS REPORTQ/E Mar 202468 pos · $111.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | WISDOMTREE US QUALITY DIVIDEND GROWTH FUND | WT | 523,234 | $48.2M | 14.10% |
| 2 | VANGUARD GROWTH ETF | 922908736 | 102,995 | $48.1M | 14.08% |
| 3 | ISHARES CORE S&P US VALUE ETF | 464287663 | 272,824 | $29.2M | 8.55% |
| 4 | AVANTIS ALL INTERNATIONAL MARKETS EQUITY ETF | 025072174 | 280,261 | $22.2M | 6.50% |
| 5 | APPLE INC | AAPL | 55,201 | $15.3M | 4.47% |
| 6 | TR ACTIVEBETA US SMALL CAP EQUITY ETF | NVGLF | 155,976 | $12.3M | 3.60% |
| 7 | VANGUARD FTSE DEVELOPED MARKETS ETF | 921943858 | 181,890 | $12.2M | 3.55% |
| 8 | VANGUARD S&P 500 ETF | 922908363 | 16,485 | $10.4M | 3.04% |
| 9 | VANGUARD VALUE ETF | 922908744 | 50,079 | $10.2M | 2.98% |
| 10 | FIRST HORIZON CORPORATION COM | FHN-PH | 343,772 | $8.9M | 2.59% |
| 11 | SCHWAB US DIVIDEND EQUITY ETF | 808524797 | 285,319 | $8.8M | 2.59% |
| 12 | VANGUARD FTSE EMERGING MARKETS ETF | 922042858 | 131,513 | $7.4M | 2.17% |
| 13 | BERKSHIRE HATHAWAY INC DEL CL B NEW | BRK-A | 14,611 | $7.4M | 2.15% |
| 14 | MICROSOFT | MSFT | 17,757 | $7.4M | 2.15% |
| 15 | VANGUARD SMALL-CAP ETF | 922908751 | 26,621 | $7.2M | 2.12% |
| 16 | POWERSHARES QQQ TR | IVZ | 11,451 | $6.9M | 2.03% |
| 17 | AMAZON.COM INC | AMZN | 24,269 | $5.7M | 1.65% |
| 18 | AUTOZONE INC NEV | AZO | 1,207 | $4.5M | 1.31% |
| 19 | ALPHABET INC CAP STK CL C | GOOG | 13,419 | $4.5M | 1.31% |
| 20 | INVESCO S&P MIDCAP QUALITY ETF | IVZ | 39,778 | $4.3M | 1.25% |