CIK: 0002011771
Total reported value
$360.7M
Reporting period: 2026-03-31 · Number of holdings: 154
Duncan Williams Asset Management, LLC disclosed 154 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $360.7M and a quarterly turnover rate of 14.3%.
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Duncan Williams Asset Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.049 — mathematically equivalent to about 20 equally-sized positions, well below its 154 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.56), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 30% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim QQQ
-71.0% -$5.0M
Add AVNM
+12.0% $1.7M
Trim FHN
-37.6% -$4.0M
Add IUSV
-0.9% -$1.6M
Add DGRW
-3.0% -$3.6M
Add AAPL
+4.7% -$600.9K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DGRW | Wisdomtree U.s. Quality Divi | ETF-Other | 12.37% | +0.39% | -2.95% | |
| 2 | VUG | Vanguard Growth ETF | ETF-Other | 11.98% | +0.02% | -3.91% | |
| 3 | IUSV | Ishares Core S&p U.s. Value | ETF-Other | 7.67% | +0.41% | -0.86% | |
| 4 | AVNM | Avantis All Intl Mkts Eq ETF | ETF-Other | 6.63% | +1.11% | +12.00% | |
| 5 | AAPL | Apple INC | Stock-Tech | 4.06% | +0.28% | +4.66% | |
| 6 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 3.27% | +0.25% | +1.07% | |
| 7 | GSSC | Goldman Sachs Activebeta US | ETF-Commodities | 3.14% | +0.08% | -2.62% | |
| 8 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.74% | +0.16% | +0.38% | |
| 9 | VTV | Vanguard Value ETF | ETF-Other | 2.54% | +0.01% | -6.65% | |
| 10 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 2.10% | -0.10% | -13.68% | |
| 11 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 1.99% | — | +1.11% | |
| 12 | VB | Vanguard Small-cap ETF | ETF-Other | 1.94% | — | +0.34% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.92% | +0.09% | -0.84% | |
| 14 | MSFT | Microsoft CORP | Stock-Tech | 1.76% | -0.07% | -3.34% | |
| 15 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.36% | -0.04% | -3.06% | |
| 16 | FHN | First Horizon CORP | Stock-Financials | 1.35% | -0.85% | -37.55% | |
| 17 | XMHQ | Invesco S&p Midcap Qual ETF | ETF-Other | 1.22% | — | +7.03% | |
| 18 | AZO | Autozone INC | Stock-Consumer Disc | 1.13% | +0.01% | -0.33% | |
| 19 | FDX | Fedex CORP | Stock-Industrials | 1.12% | — | -2.79% | |
| 20 | VYMI | Vanguard Int High Dvd Yld In | ETF-Other | 1.08% | — | +4.25% | |
| 21 | VO | Vanguard Mid-cap ETF | ETF-Other | 1.02% | — | +0.66% | |
| 22 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.96% | -0.15% | -10.41% | |
| 23 | MA | Mastercard INC - A | Stock-Financials | 0.88% | -0.04% | -4.78% | |
| 24 | WMT | Walmart INC | Stock-Consumer Staples | 0.83% | — | -5.13% | |
| 25 | V | Visa Inc-class A Shares | Stock-Financials | 0.75% | -0.04% | -6.60% | |
| 26 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.74% | -0.16% | -22.41% | |
| 27 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.66% | — | +0.84% | |
| 28 | RF | Regions Financial CORP | Stock-Financials | 0.62% | -0.05% | -3.47% | |
| 29 | CSM | Proshares Large Cap Core Plu | ETF-Large Cap & Growth | 0.61% | -0.01% | -7.71% | |
| 30 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.53% | -1.19% | -70.95% | |
| 31 | VONG | Vanguard Russell 1000 Growth | ETF-Other | 0.44% | — | -1.15% | |
| 32 | EGP | Eastgroup Properties INC | Stock-Real Estate | 0.43% | — | — | |
| 33 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.42% | — | -2.68% | |
| 34 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.42% | — | -5.48% | |
| 35 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.40% | — | -11.59% | |
| 36 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 0.37% | — | -1.06% | |
| 37 | CGXU | Cap Group Intl Focus | ETF-Other | 0.35% | — | -2.50% | |
| 38 | TSLA | Tesla INC | Stock-Consumer Disc | 0.33% | — | -0.77% | |
| 39 | MUNI | Pimco Intermediate Municipal | ETF-Other | 0.33% | — | -13.28% | |
| 40 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.33% | -0.06% | -20.69% | |
| 41 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.33% | — | -0.34% | |
| 42 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.33% | — | -1.35% | |
| 43 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.33% | -0.03% | -1.85% | |
| 44 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.32% | -0.06% | -25.80% | |
| 45 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.31% | — | -4.12% | |
| 46 | FTNT | Fortinet INC | Stock-Tech | 0.31% | — | -5.26% | |
| 47 | AVGO | Broadcom INC | Stock-Tech | 0.30% | +0.16% | +99.89% | |
| 48 | ABBV | Abbvie INC | Stock-Healthcare | 0.30% | — | -0.46% | |
| 49 | PNFP | Pinnacle Financial Partners | Stock-Financials | 0.30% | — | -2.83% | |
| 50 | NVDA | Nvidia CORP | Stock-Tech | 0.30% | — | -6.75% |
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+19.6%
Based on 87% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 154 | $360.7M | 14 | |
| 2025-12-31 | 170 | $402.5M | 23 | |
| 2025-09-30 | 164 | $355.4M | 37 | |
| 2025-06-30 | 154 | $316.8M | 0 | |
| 2025-03-31 | 147 | $276.8M | 0 | |
| 2024-12-31 | 146 | $254.0M | 0 | |
| 2024-09-30 | 129 | $181.5M | 0 | |
| 2024-06-30 | 63 | $118.6M | 0 | |
| 2024-03-31 | 68 | $111.0M | 0 |
Duncan Williams Asset Management, LLC's most significant position changes for 2026-03-31: Sold out: Salesforce INC (CRM); Sold out: Copart INC (CPRT); New buy: Kla CORP (KLAC); Sold out: Workday Inc-class A (WDAY); New buy: Servicenow INC (NOW).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AVNM | Avantis All Intl Mkts Eq ETF | +1.1% | +12.00% | Add |
| 2 | IUSV | Ishares Core S&p U.s. Value | +0.4% | -0.86% | Trim |
| 3 | DGRW | Wisdomtree U.s. Quality Divi | +0.4% | -2.95% | Trim |
| 4 | AAPL | Apple INC | +0.3% | +4.66% | Add |
| 5 | VEA | Vanguard Ftse Developed ETF | +0.3% | +1.07% | Add |
| 6 | AVGO | Broadcom INC | +0.2% | +99.89% | Add |
| 7 | VOO | Vanguard S&p 500 ETF | +0.2% | +0.38% | Add |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | -0.84% | Trim |
| 9 | APLSUSD | Apellis Pharmaceuticals INC | +0.1% | — | Unchanged |
| 10 | GSSC | Goldman Sachs Activebeta US | +0.1% | -2.62% | Trim |
| 11 | VUG | Vanguard Growth ETF | 0% | -3.91% | Trim |
| 12 | VTV | Vanguard Value ETF | 0% | -6.65% | Trim |
| 13 | AZO | Autozone INC | 0% | -0.33% | Trim |
| 14 | CSM | Proshares Large Cap Core Plu | 0% | -7.71% | Trim |
| 15 | LLY | Eli Lilly & Co | 0% | -1.85% | Trim |
| 16 | AMZN | Amazon.com INC | 0% | -3.06% | Trim |
| 17 | MA | Mastercard INC - A | 0% | -4.78% | Trim |
| 18 | V | Visa Inc-class A Shares | 0% | -6.60% | Trim |
| 19 | ACN | Accenture plc | 0% | -7.98% | Trim |
| 20 | RF | Regions Financial CORP | -0.1% | -3.47% | Trim |
| 21 | KKR | Kkr & Co INC | -0.1% | -21.04% | Trim |
| 22 | COST | Costco Wholesale CORP | -0.1% | -25.80% | Trim |
| 23 | VXUS | Vanguard Total Intl Stock | -0.1% | -20.69% | Trim |
| 24 | MSFT | Microsoft CORP | -0.1% | -3.34% | Trim |
| 25 | TFC | Truist Financial CORP | -0.1% | -37.24% | Trim |
| 26 | PLTR | Palantir Technologies Inc-a | -0.1% | -65.85% | Trim |
| 27 | SCHD | Schwab US Dvd Equity ETF | -0.1% | -13.68% | Trim |
| 28 | DIA | Ss Spdr Dow Jones Indus Avg | -0.1% | -52.39% | Trim |
| 29 | GOOG | Alphabet Inc-cl C | -0.2% | -10.41% | Trim |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | -22.41% | Trim |
| 31 | FHN | First Horizon CORP | -0.9% | -37.55% | Trim |
| 32 | QQQ | Invesco Qqq Trust Series 1 | -1.2% | -70.95% | Trim |
| 33 | CRM | Salesforce INC | — | EXIT | Sold out |
| 34 | CPRT | Copart INC | — | EXIT | Sold out |
| 35 | KLAC | Kla CORP | — | NEW | New buy |
| 36 | WDAY | Workday Inc-class A | — | EXIT | Sold out |
| 37 | NOW | Servicenow INC | — | NEW | New buy |
| 38 | VTI | Vanguard Total Stock Mkt ETF | — | EXIT | Sold out |
| 39 | STZ | Constellation Brands Inc-a | — | NEW | New buy |
| 40 | CGBL | Cap Group Core Balanced | — | NEW | New buy |
| 41 | EOSE | Eos Energy Enterprises INC | — | EXIT | Sold out |
| 42 | VGVT | Vanguard Govt Sec Active ETF | — | EXIT | Sold out |
| 43 | FLMI | Franklin Dynamic Municipal B | — | EXIT | Sold out |
| 44 | EPD | Enterprise Products Partners | — | EXIT | Sold out |
| 45 | IEI | Ishares 3-7 Year Treasury Bo | — | EXIT | Sold out |
| 46 | ✓ | Grayscale Digital Larg F | — | NEW | New buy |
| 47 | DWM | Wisdomtree International Equ | — | EXIT | Sold out |
| 48 | REGL | Prshrs S&p Mid 400 Dvd Arist | — | EXIT | Sold out |
| 49 | SO | Southern Co/the | — | EXIT | Sold out |
| 50 | BIV | Vanguard Intermediate-term B | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-05 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-05 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-22 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-22 | Amendment | View on EDGAR |
| 2025-03-31 | 2025-04-21 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-21 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-03 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-11 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-03 | 13F-HR | View on EDGAR |
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