Duncan Williams Asset Management, LLC

Q3 2025 13F-HR Holdings

Location
Memphis, TN
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
164
Total value ($000)
$355,410
Net value change ($000)
+38,595 (12.2%)
New positions
15
Sold out positions
5
Turnover %
8.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/22/2025 Next filing: 2/5/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IUSV 20,769 NEW
DGRW 6,529 17.6%
VUG 4,718 10.7%
AAPL 2,785 24.4%
GSSC 1,893 20.5%
VEA 1,538 24.9%
VWO 1,129 21.8%
GOOGL 1,082 48.2%
XMHQ 1,030 45.3%
VOO 941 10.7%
Top Reduces (Value $000, Stocks/ETFs)
SCHD -17,079 -57.3%
USFD -931 -100.0%
PDI -617 -32.6%
NVDA -481 -28.2%
MUNI -480 -27.0%
KKR -343 -20.1%
XRN -341 -100.0%
V -286 -7.8%
FTNT -281 -18.1%
CMCSA -264 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type