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Duncan Williams Asset Management, LLC — 13F Holdings & Portfolio

CIK 2011771 · latest 13F-HR filed 2026-07-22

Backtest portfolio

Duncan Williams Asset Management, LLC manages $443.6M in 13F-reported U.S. long-equity assets across 172 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VUG (11.80%), DGRW (11.50%), IUSV (7.01%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 24 new positions and exited 6; 96 existing positions rose in reported value and 27 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$443.6M

Long-equity book

Holdings
172

Distinct positions

Period
2026-06-30

Filed 2026-07-22

Q/Q Activity
+24 / −6 / ↑96 / ↓27

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VUG11.8% · +514%DGRW11.5% · +5%IUSV7.0% · +4%AVNM6.7% · +15%FMDE4.9% · newAAPL3.9% · +3%GSSC3.2% · +4%VEA3.0% · +3%VTV2.4% · +7%VOO2.4% · -5%SCHD2.3% · +29%VWO1.9% · +4%VB1.8% · +1%BRK.B1.6% · 0%MSFT1.4% · +0%AMZN1.3% · +0%FHN1.2% · -0%VYMI1.1% · +21%VO0.9% · +306%GOOG0.9% · -6%XMHQ0.9% · -20%AZO0.9% · -1%FDX0.8% · +0%MA0.8% · +3%SPY0.7% · +0%V0.7% · -2%QQQ0.6% · +13%WMT0.6% · +0%VIG0.6% · -1%RF0.6% · 0%CSM0.6% · 0%TSM0.5% · +8%CIFR0.5% · +2%VONG0.4% · -1%UNH0.4% · -0%EGP0.4% · 0%KLAC0.4% · +962%ASML0.4% · +7%JNJ0.4% · +0%CGXU0.4% · +4%LLY0.3% · +1%GOOGL0.3% · +4%EFG0.3% · +0%AMD0.3% · -28%MPC0.3% · -10%FTNT0.3% · -32%IWP0.3% · 0%AVGO0.3% · -0%TSLA0.3% · -4%VXUS0.3% · -2%NVDA0.3% · +4%CGBL0.3% · +171%PNFP0.3% · -0%GPIX0.3% · +15%ABBV0.3% · +0%LRCX0.3% · newPDI0.3% · +17%MELI0.2% · +108%GS0.2% · +0%VBK0.2% · -0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 57%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 25, 2026.

Assets Under Management
$2.69B
Discretionary
$2.25B
Employees
21
Accounts
2,238
Address
5350 POPLAR AVENUE
SUITE 600
MEMPHIS, TN 38119
Phone
(901) 435-4250
Website
Name Title / Status Ownership Type
SCULLY, DAVID, NICHOLAS ControlMANAGER; PRESIDENT
since Feb 2017
Less than 5%Individual
WILLIAMS, DUNCAN, FRANKLIN ControlMEMBER; CHAIRMAN OF BOARD OF MANAGERS
since Apr 2015
75% or moreIndividual
BURNETT, PATRICK, THOMPSONMEMBER OF BOARD OF MANAGERS
since Apr 2015
Less than 5%Individual
GOFORTH, SONIA, ANNCHIEF COMPLIANCE OFFICER
since Aug 2023
Less than 5%Individual
GOWEN, KYLE, HAMMETTCHIEF INVESTMENT OFFICER
since Jan 2022
Less than 5%Individual
May, Aaron, JosephDIRECTOR OF FINANCE
since Jan 2025
Less than 5%Individual
REID, FRANKLIN, FARLEYMEMBER OF BOARD OF MANAGERS
since Jul 2017
Less than 5%Individual
Ownership & leadership changes · 7 filings with changes since Feb 16, 2015

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 16, 2026 filing
  • AddedMay, Aaron, Joseph · DIRECTOR OF FINANCE · Less than 5%
Mar 25, 2024 filing
  • AddedGOWEN, KYLE, HAMMETT · CHIEF INVESTMENT OFFICER · Less than 5%
Aug 23, 2023 filing
  • No longer listedSMITH, HEATHER, DIANE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Feb 2017
  • AddedGOFORTH, SONIA, ANN · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 24, 2021 filing
  • ChangedBURNETT, PATRICK, THOMPSON · title MANAGER (BOARD OF MANAGERS) → MEMBER OF BOARD OF MANAGERS
  • ChangedREID, FRANKLIN, FARLEY · title MANAGER (BOARD OF MANAGERS) → MEMBER OF BOARD OF MANAGERS
Jul 14, 2017 filing
  • AddedREID, FRANKLIN, FARLEY · MANAGER (BOARD OF MANAGERS) · Less than 5%
Feb 9, 2017 filing
  • No longer listedPATIKAS, GEORGE, DEMETRI · MANAGER; PRESIDENT, CCO & CFO · Less than 5% · control person · listed since Apr 2015
  • AddedSCULLY, DAVID, NICHOLAS · MANAGER; PRESIDENT · Less than 5% · control person
  • AddedSMITH, HEATHER, DIANE · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 3, 2015 filing
  • AddedBURNETT, PATRICK, THOMPSON · MANAGER (BOARD OF MANAGERS) · Less than 5%
  • ChangedPATIKAS, GEORGE, DEMETRI · title PRESIDENT, CCO & CFO → MANAGER; PRESIDENT, CCO & CFO
  • ChangedWILLIAMS, DUNCAN, FRANKLIN · title CHAIRMAN OF THE BOARD → MEMBER; CHAIRMAN OF BOARD OF MANAGERS
Feb 16, 2015 filing (earliest on record)
  • ListedPATIKAS, GEORGE, DEMETRI · PRESIDENT, CCO & CFO · Less than 5% · control person
  • ListedWILLIAMS, DUNCAN, FRANKLIN · CHAIRMAN OF THE BOARD · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Duncan Williams Asset Management, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD GROWTH ETF VUG 922908736 $52.4M 11.80% 607,777 SH
2 WISDOMTREE US QUALITY DIVIDEND GROWTH FUND DGRW 97717X669 $51.0M 11.50% 533,740 SH
3 ISHARES CORE S&P US VALUE ETF IUSV 464287663 $31.1M 7.01% 282,318 SH
4 AVANTIS ALL INTERNATIONAL MARKETS EQUITY ETF AVNM 025072174 $29.8M 6.71% 361,184 SH
5 FIDELITY ENHANCED MID CAP CORE ETF FMDE 31609A503 $21.7M 4.88% 533,933 SH
6 APPLE INC AAPL 037833100 $17.3M 3.89% 59,689 SH
7 TR ACTIVEBETA US SMALL CAP EQUITY ETF GSSC 381430602 $14.4M 3.24% 157,612 SH
8 VANGUARD FTSE DEVELOPED MARKETS ETF VEA 921943858 $13.5M 3.04% 189,403 SH
9 VANGUARD VALUE ETF VTV 922908744 $10.9M 2.45% 49,849 SH
10 VANGUARD S&P 500 ETF VOO 922908363 $10.8M 2.44% 15,780 SH
11 SCHWAB US DIVIDEND EQUITY ETF SCHD 808524797 $10.1M 2.27% 317,239 SH
12 VANGUARD FTSE EMERGING MARKETS ETF VWO 922042858 $8.2M 1.85% 137,678 SH
13 VANGUARD SMALL-CAP ETF VB 922908751 $8.2M 1.85% 27,067 SH
14 BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B 084670702 $7.2M 1.63% 14,488 SH
15 MICROSOFT MSFT 594918104 $6.4M 1.45% 17,243 SH
16 AMAZON.COM INC AMZN 023135106 $5.6M 1.27% 23,624 SH
17 FIRST HORIZON CORPORATION COM FHN 320517105 $5.5M 1.24% 214,501 SH
18 VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD ETF VYMI 921946794 $4.9M 1.11% 50,039 SH
19 VANGUARD MID-CAP ETF VO 922908629 $4.2M 0.95% 52,189 SH
20 ALPHABET INC CAP STK CL C GOOG 02079K107 $4.0M 0.90% 11,343 SH
21 INVESCO S&P MIDCAP QUALITY ETF XMHQ 46137V472 $3.8M 0.86% 33,834 SH
22 AUTOZONE INC NEV AZO 053332102 $3.8M 0.86% 1,194 SH
23 FEDEX CORP FDX 31428X106 $3.6M 0.81% 11,412 SH
24 MASTERCARD INC MA 57636Q104 $3.4M 0.76% 6,526 SH
25 STATE STREET SPDR S&P 500 ETF SPY 78462F103 $3.1M 0.69% 4,105 SH
26 VISA INC V 92826C839 $3.0M 0.68% 8,780 SH
27 POWERSHARES QQQ TR QQQ 46090E103 $2.8M 0.62% 3,755 SH
28 WALMART INC COM WMT 931142103 $2.8M 0.62% 24,296 SH
29 VANGUARD DIVIDEND APPRECIATION ETF VIG 921908844 $2.6M 0.58% 10,967 SH
30 REGIONS FINANCIAL CORP NEW RF 7591EP100 $2.6M 0.58% 85,824 SH
31 PROSHARES TR PSHS CS 130/30 CSM 74347R248 $2.5M 0.56% 29,276 SH
32 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD TSM 874039100 $2.2M 0.49% 4,588 SH
33 CIPHER DIGITAL INC COM CIFR 17253J106 $2.1M 0.46% 84,026 SH
34 VANGUARD RUSSELL 1000 GROWTH ETF VONG 92206C680 $1.8M 0.41% 14,322 SH
35 UNITEDHEALTH GROUP UNH 91324P102 $1.7M 0.39% 4,144 SH
36 EASTGROUP PPTYS INC EGP 277276101 $1.7M 0.38% 8,300 SH
37 KLA-TENCOR CORP KLAC 482480100 $1.7M 0.37% 5,471 SH
38 ASML HLDG NV N Y REGISTRY SHS ASML N07059210 $1.6M 0.37% 821 SH
39 JOHNSON & JOHNSON COM JNJ 478160104 $1.6M 0.36% 6,218 SH
40 CAPITAL GROUP INTERNATIONAL FOCUS EQUITY ETF CGXU 14019W109 $1.6M 0.35% 44,939 SH
41 ELI LILLY & CO COM LLY 532457108 $1.5M 0.35% 1,290 SH
42 GOOGLE INC GOOGL 02079K305 $1.5M 0.34% 4,276 SH
43 ISHARES MSCI EAFE GROWTH INDEX ETF EFG 464288885 $1.5M 0.33% 11,862 SH
44 ADVANCED MICRO DEVICES INC COM AMD 007903107 $1.4M 0.32% 2,469 SH
45 MARATHON PETE CORP MPC 56585A102 $1.4M 0.32% 5,561 SH
46 FORTINET INC COM FTNT 34959E109 $1.4M 0.32% 9,203 SH
47 ISHARES RUSSELL MIDCAP GROWTH ETF IWP 464287481 $1.4M 0.30% 9,234 SH
48 BROADCOM INC COM AVGO 11135F101 $1.3M 0.30% 3,527 SH
49 TESLA MOTORS INC TSLA 88160R101 $1.3M 0.29% 3,107 SH
50 VANGUARD TOTAL INTL STOCK IDEX ETF VXUS 921909768 $1.3M 0.29% 15,177 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-22 $443.6M 172 0001765380-26-000224
2026-03-31 2026-05-05 $360.7M 154 0001765380-26-000158
2025-12-31 2026-02-05 $402.5M 170 0001765380-26-000064
Filer Information
Address
5350 POPLAR AVENUE, SUITE 600
MEMPHIS, TN 38119
Phone
(901) 260-6800
Filing Manager
Duncan Williams Asset Management, LLC
MEMPHIS, TN
Signatory
Sonia Goforth
Chief Compliance Officer