Duncan Williams Asset Management, LLC

Q4 2025 13F-HR Holdings

Location
Memphis, TN
Holdings as of
12/31/2025
Date filed
2/5/2026
Form type
13F-HR
Num holdings
170
Total value ($000)
$402,461
Net value change ($000)
+47,051 (13.2%)
New positions
17
Sold out positions
11
Turnover %
3.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
AVNM 21,624 3665.1%
IUSV 8,448 40.7%
DGRW 4,581 10.5%
VEA 4,439 57.6%
FDX 1,460 52.4%
VTV 1,352 15.3%
PNFP 1,321 NEW
GSSC 1,207 10.9%
LLY 1,147 392.8%
GOOGL 1,145 34.4%
Top Reduces (Value $000, Stocks/ETFs)
SCHD -3,877 -30.5%
MSFT -2,357 -24.3%
PINNACLE FINANCIAL PARTNERS INC -1,167 -100.0%
LRN -956 -100.0%
TVRD -859 -100.0%
PEP -825 -78.3%
PHM -749 -100.0%
AZO -709 -13.6%
BIL -640 -100.0%
BSY -576 -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