# Duncan Williams Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2011771. Source: https://holderbook.com/funds/2011771-duncan-williams-asset-management-llc/

- Reported value: $443.6M
- Positions: 172
- Weight of the ten largest: 57.0%
- Filed: 2026-07-22

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $52.4M | 607,777 | 11.8% | 10 |
| WISDOMTREE TR | [DGRW](https://holderbook.com/stocks/DGRW/) | $51.0M | 533,740 | 11.5% | 10 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $31.1M | 282,318 | 7.0% | 4 |
| AMERICAN CENTY ETF TR | [AVNM](https://holderbook.com/stocks/AVNM/) | $29.8M | 361,184 | 6.7% | 4 |
| FIDELITY COVINGTON TRUST | [FMDE](https://holderbook.com/stocks/FMDE/) | $21.7M | 533,933 | 4.9% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $17.3M | 59,689 | 3.9% | 10 |
| GOLDMAN SACHS ETF TR | [GSSC](https://holderbook.com/stocks/GSSC/) | $14.4M | 157,612 | 3.2% | 10 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $13.5M | 189,403 | 3.0% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $10.9M | 49,849 | 2.4% | 8 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $10.8M | 15,780 | 2.4% | 8 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $10.1M | 317,239 | 2.3% | 10 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $8.2M | 137,678 | 1.9% | 7 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $8.2M | 27,067 | 1.8% | 8 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.2M | 14,488 | 1.6% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.4M | 17,243 | 1.4% | 10 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $5.6M | 23,624 | 1.3% | 10 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $5.5M | 214,501 | 1.2% | 10 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $4.9M | 50,039 | 1.1% | 10 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $4.2M | 52,189 | 0.9% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.0M | 11,343 | 0.9% | 10 |
| INVESCO EXCHANGE TRADED FD T | [XMHQ](https://holderbook.com/stocks/XMHQ/) | $3.8M | 33,834 | 0.9% | 10 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $3.8M | 1,194 | 0.9% | 10 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $3.6M | 11,412 | 0.8% | 10 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.4M | 6,526 | 0.8% | 10 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.1M | 4,105 | 0.7% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.0M | 8,780 | 0.7% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.8M | 3,755 | 0.6% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.8M | 24,296 | 0.6% | 10 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.6M | 10,967 | 0.6% | 10 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $2.6M | 85,824 | 0.6% | 9 |
| PROSHARES TR | [CSM](https://holderbook.com/stocks/CSM/) | $2.5M | 29,276 | 0.6% | 8 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.2M | 4,588 | 0.5% | 4 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $2.1M | 84,026 | 0.5% | 8 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $1.8M | 14,322 | 0.4% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.7M | 4,144 | 0.4% | 10 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $1.7M | 8,300 | 0.4% | 8 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $1.7M | 5,471 | 0.4% | 2 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.6M | 821 | 0.4% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.6M | 6,218 | 0.4% | 10 |
| CAPITAL GROUP INTL FOCUS EQT | [CGXU](https://holderbook.com/stocks/CGXU/) | $1.6M | 44,939 | 0.4% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.5M | 1,290 | 0.3% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.5M | 4,276 | 0.3% | 8 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $1.5M | 11,862 | 0.3% | 8 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.4M | 2,469 | 0.3% | 10 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $1.4M | 5,561 | 0.3% | 10 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $1.4M | 9,203 | 0.3% | 10 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.4M | 9,234 | 0.3% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.3M | 3,527 | 0.3% | 8 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.3M | 3,107 | 0.3% | 8 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.3M | 15,177 | 0.3% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 6,464 | 0.3% | 10 |
| CAPITAL GROUP CORE BALANCED | [CGBL](https://holderbook.com/stocks/CGBL/) | $1.3M | 34,016 | 0.3% | 2 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $1.3M | 12,531 | 0.3% | 3 |
| GOLDMAN SACHS ETF TR | [GPIX](https://holderbook.com/stocks/GPIX/) | $1.3M | 22,744 | 0.3% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.3M | 5,016 | 0.3% | 10 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $1.2M | 2,720 | 0.3% | 1 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $1.1M | 68,006 | 0.3% | 8 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $1.1M | 644 | 0.2% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.1M | 1,079 | 0.2% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.1M | 2,982 | 0.2% | 8 |
| NAVITAS SEMICONDUCTOR CORP | [NVTS](https://holderbook.com/stocks/NVTS/) | $1.1M | 60,000 | 0.2% | 8 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.1M | 1,684 | 0.2% | 8 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.1M | 1,130 | 0.2% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.1M | 2,978 | 0.2% | 10 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $1.0M | 1,954 | 0.2% | 10 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $954.0K | 2,634 | 0.2% | 10 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $906.2K | 7,052 | 0.2% | 8 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $905.1K | 6,172 | 0.2% | 8 |
| RED RIVER BANCSHARES INC | [RRBI](https://holderbook.com/stocks/RRBI/) | $826.1K | 9,050 | 0.2% | 8 |
| CAPITAL GRP FIXED INCM ETF T | [CGMU](https://holderbook.com/stocks/CGMU/) | $820.4K | 29,866 | 0.2% | 4 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $803.6K | 2,858 | 0.2% | 8 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $802.3K | 8,591 | 0.2% | 10 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $783.9K | 15,526 | 0.2% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $779.6K | 3,664 | 0.2% | 7 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $766.7K | 3,934 | 0.2% | 10 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $766.2K | 17,990 | 0.2% | 10 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $743.4K | 14,132 | 0.2% | 10 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $693.5K | 5,072 | 0.2% | 1 |
| PROTHENA CORP PLC | [PRTA](https://holderbook.com/stocks/PRTA/) | $688.1K | 70,281 | 0.2% | 8 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $686.2K | 6,606 | 0.2% | 8 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $684.0K | 1,830 | 0.2% | 1 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $679.1K | 7,400 | 0.2% | 10 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $627.0K | 4,954 | 0.1% | 1 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $621.8K | 2,565 | 0.1% | 10 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $611.6K | 12,958 | 0.1% | 7 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $608.1K | 6,595 | 0.1% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $600.7K | 1,835 | 0.1% | 8 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $593.6K | 1,136 | 0.1% | 10 |
| ZYMEWORKS INC | [ZYME](https://holderbook.com/stocks/ZYME/) | $577.6K | 22,095 | 0.1% | 6 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $576.0K | 1,626 | 0.1% | 8 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $568.2K | 2,983 | 0.1% | 10 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $561.7K | 2,520 | 0.1% | 10 |
| CORE SCIENTIFIC INC NEW | [CORZ](https://holderbook.com/stocks/CORZ/) | $555.2K | 21,697 | 0.1% | 7 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $552.5K | 2,163 | 0.1% | 4 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $549.9K | 5,887 | 0.1% | 4 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $548.2K | 3,354 | 0.1% | 10 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $537.0K | 20,227 | 0.1% | 8 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $509.7K | 2,288 | 0.1% | 8 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $509.3K | 1,000 | 0.1% | 10 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $502.6K | 10,088 | 0.1% | 10 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.7% | +14.8% | -3.1% | 100% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 97% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 100% |
| Q3 2025 | +7.7% | +7.8% | -0.1% | 100% |
| Q2 2025 | +6.2% | +10.5% | -4.2% | 100% |
| Q1 2025 | -3.1% | -4.6% | +1.5% | 100% |
| Q4 2024 | +1.7% | +2.1% | -0.5% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $443.6M | 172 |
| Q1 2026 | $360.7M | 154 |
| Q4 2025 | $402.5M | 170 |
| Q3 2025 | $355.4M | 164 |
| Q2 2025 | $316.8M | 154 |
| Q1 2025 | $276.8M | 147 |
| Q4 2024 | $254.0M | 146 |
| Q3 2024 | $181.5M | 129 |
| Q2 2024 | $118.6M | 63 |
| Q1 2024 | $111.0M | 68 |