Duncan Williams Asset Management, LLC

RIA/Wealth

Duncan Williams Asset Management, LLC is a RIA/Wealth based in Memphis, TN led by Duncan Franklin Williams, reporting $2.2B in AUM as of Q3 2025 with 63% ETF concentration and 53% concentrated in top 10 holdings.

ChairmanDuncan Franklin Williams

Portfolio Value: $355.4M
Positions: 163
Top Holding: VUG at 13.68%
Last Reported: Q3 2025

Address5350 Poplar Avenue, Suite 600, Memphis, TN, 38119, United States

Top Holdings

Largest long holdings in Duncan Williams Asset Management, LLC's portfolio (52.7% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Vanguard Growth VUG	ETF ETF	$48.6M	13.68%	+$589.9K Bought	— 101.4K shares	Q1 2024 Held for 1y 8m
2 WisdomTree U.S. Quality Dividend Growth Fund DGRW	ETF ETF	$43.6M	12.27%	+$4.2M Bought	— 490.3K shares	Q1 2024 Held for 1y 8m
3 iShares Core S&P U.S. Value IUSV	ETF ETF	$20.8M	5.84%	+$20.8M New	— 207.8K shares	Q3 2025 Held for 2 months
4 Apple AAPL	Consumer Electronics Technology	$14.2M	4.00%	+$32.1K Bought	0.00% 55.8K shares	Q1 2024 Held for 1y 8m
5 Schwab US Dividend Equity SCHD	ETF ETF	$12.7M	3.58%	-$18.0M Sold	— 466.1K shares	Q1 2024 Held for 1y 8m
6 Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF GSSC	ETF ETF	$11.1M	3.13%	+$1.0M Bought	— 148.4K shares	Q1 2024 Held for 1y 8m
7 Vanguard S&P 500 ETF VOO	ETF ETF	$9.7M	2.74%	+$253.5K Bought	— 15.9K shares	Q3 2024 Held for 1y 2m
8 Microsoft MSFT	Software - Infrastructure Technology	$9.7M	2.73%	-$474.4K Sold	0.00% 18.8K shares	Q1 2024 Held for 1y 8m
9 Vanguard Value VTV	ETF ETF	$8.8M	2.49%	+$221.7K Bought	— 47.4K shares	Q3 2024 Held for 1y 2m
10 First Horizon FHN	Banks - Regional Financial Services	$8.1M	2.28%	-$10.5K Sold	0.07% 358.3K shares	Q1 2024 Held for 1y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Duncan Williams Asset Management, LLC's latest filing

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Market Value

$355.4M

Prior: $651.6M

Q/Q Change

-45.46%

-$296.2M

Net Flows % of MV

-89.85%

Turnover Ratio

55.92%

New Purchases

12 stocks

$26.1M

Added To

78 stocks

+$13.0M

Sold Out Of

99 stocks

$335.6M

Reduced Holdings

45 stocks

-$22.7M

Increased Positions

Position	Shares Δ	Change
1 iShares Core S&P U.S. Value IUSV	New	0 → 207.8K +$20.8M
2 Taiwan Semiconductor Manufacturing Company TSM	New	0 → 3.3K +$917.2K
3 GPIX Goldman Sachs S&P 500 Core Premium Income GPIX	New	0 → 16.6K +$865.4K
4 Newmont NEM	New	0 → 9.0K +$759.9K
5 CGMU Capital Group Municipal Income CGMU	New	0 → 27.0K +$735.6K

Decreased Positions

Position	Shares Δ	Change
1 SPDR Portfolio S&P 500 ETF SPLG	Sold	913.4K → 0 −$66.4M
2 JCPB JPMorgan Core Plus Bond JCPB	Sold	450.8K → 0 −$21.2M
3 Schwab International Equity SCHF	Sold	715.0K → 0 −$15.8M
4 Fidelity Total Bond FBND	Sold	339.2K → 0 −$15.5M
5 Invesco BulletShares 2025 Corporate Bond BSCP	Sold	670.9K → 0 −$13.9M

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Analytics

Portfolio insights and performance metrics for Duncan Williams Asset Management, LLC

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Sector Allocation

ETF

62.80%

Technology

10.10%

Financial Services

9.70%

Consumer Cyclical

4.30%

Healthcare

2.90%

Consumer Defensive

2.20%

Industrials

1.90%

Communication Services

1.80%

Energy

1.00%

Real Estate

1.00%

Basic Materials

0.60%

Utilities

0.10%

Market Cap Distribution

Mega Cap (> $200B)

20.97%

Large Cap ($10B - $200B)

11.84%

Mid Cap ($2B - $10B)

1.66%

Small Cap ($300M - $2B)

0.97%

Micro Cap ($50M - $300M)

0.06%

Nano Cap (< $50M)

0.19%

N/A (ETF or Unknown)

64.32%

Portfolio Concentration

Top 10 Holdings %

52.75%

Top 20 Holdings %

68.64%

Top 50 Holdings %

83.68%

Top 100 Holdings %

94.49%