Tolleson Wealth Management, Inc. Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$692.6M

Holdings

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (92 positions)

#	Stock	Shares	Value	% Portfolio
1	LRGFISHARES U.S. EQUITY FACTOR ETF	2,346,333	$162.9M	23.52%
2	INTFISHARES INTERNATIONAL EQUITY FACTOR ETF	3,114,766	$117.6M	16.98%
3	QUSSTATE STREET SPDR MSCI USA STRATEGICFACTORS ETF	544,403	$94.8M	13.69%
4	ITOTISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	270,767	$40.3M	5.81%
5	SGOVISHARES 0-3 MONTH TREASURY BOND ETF	312,901	$31.4M	4.53%
6	HIMUISHARES HIGH YIELD MUNI ACTIVE ETF	594,674	$28.9M	4.18%
7	VONGVANGUARD RUSSELL 1000 GROWTH ETF	230,015	$28.0M	4.04%
8	VEUVANGUARD FTSE ALL-WORLD EX-US INDEX FUND	296,830	$21.8M	3.15%
9	SPYSTATE STR SPDR S&P 500 ETF TR TR UNIT	25,707	$17.6M	2.54%
10	IQLTISHARES MSCI INTL QUALITY FACTOR ETF	262,833	$11.9M	1.72%
11	EFAISHARES MSCI EAFE ETF	92,695	$8.9M	1.29%
12	VOOVANGUARD S&P 500 ETF	13,319	$8.4M	1.21%
13	IWFISHARES RUSSELL 1000 GROWTH ETF	15,453	$7.3M	1.06%
14	UCONFIRST TRUST SMITH UNCONSTRAINED BOND ETF	278,461	$7.0M	1.01%
15	IWRISHARES RUSSELL MIDCAP ETF	68,370	$6.6M	0.95%
16	USHYISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	153,486	$5.7M	0.83%
17	VOTETCW TRANSFORM 500 ETF	67,303	$5.4M	0.78%
18	VTHRVANGUARD RUSSELL 3000 ETF	16,221	$4.9M	0.70%
19	IWDISHARES RUSSELL 1000 VALUE ETF	22,851	$4.8M	0.69%
20	IVVISHARES CORE S&P 500 ETF	5,805	$4.0M	0.57%
21	AAXJISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	41,688	$3.9M	0.56%
22	NULCNUVEEN ESG LARGE-CAP ETF	77,463	$3.7M	0.54%
23	IWPISHARES RUSSELL MID-CAP GROWTH ETF	26,171	$3.6M	0.52%
24	IWVISHARES RUSSELL 3000 ETF	9,066	$3.5M	0.51%
25	GLXYGALAXY DIGITAL INC. CL A	145,000	$3.2M	0.47%
26	MAMASTERCARD INCORPORATED CL A	5,388	$3.1M	0.44%
27	MSFTMICROSOFT CORP COM	5,297	$2.6M	0.37%
28	GSGOLDMAN SACHS GROUP INC COM	2,683	$2.4M	0.34%
29	NUEMNUVEEN ESG EMERGING MARKETS EQUITY ETF	60,308	$2.1M	0.31%
30	XSMOINVESCO S&P SMALLCAP MOMENTUM ETF	29,468	$2.1M	0.31%
31	AAPLAPPLE INC COM	7,717	$2.1M	0.30%
32	VGKVANGUARD FTSE EUROPE ETF	22,474	$1.9M	0.27%
33	IEMGISHARES CORE MSCI EMERGING MARKETS ETF	26,615	$1.8M	0.26%
34	SCHBSCHWAB U.S. BROAD MARKET ETF	67,978	$1.8M	0.26%
35	VEAVANGUARD FTSE DEVELOPED MARKETS ETF	28,361	$1.8M	0.26%
36	NVDANVIDIA CORPORATION COM	9,210	$1.7M	0.25%
37	XSVMINVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	30,000	$1.7M	0.25%
38	USIGISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	29,225	$1.5M	0.22%
39	SHYMISHARES SHORT DURATION HIGH YIELD MUNI ACTIVE ETF	65,600	$1.5M	0.21%
40	OWNSImpact Shares Affordable Housing MBS ETF	71,101	$1.3M	0.18%
41	BTCOINVESCO GALAXY BITCOIN ETF	13,030	$1.1M	0.16%
42	GQ9SPDR GOLD SHARES	2,821	$1.1M	0.16%
43	VXUSVANGUARD TOTAL INTERNATIONAL STOCK ETF	13,831	$1.0M	0.15%
44	UNHUNITEDHEALTH GROUP INC COM	2,947	$972K	0.14%
45	USMVISHARES MSCI USA MIN VOL FACTOR ETF	9,890	$931K	0.13%
46	AGGISHARES CORE U.S. AGGREGATE BOND ETF	9,208	$919K	0.13%
47	AMZNAMAZON COM INC COM	3,960	$914K	0.13%
48	NUDMNUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	22,979	$832K	0.12%
49	EUSAISHARES MSCI USA EQUAL WEIGHTED ETF	7,978	$824K	0.12%
50	IBITISHARES BITCOIN TRUST ETF	16,065	$797K	0.12%
51	ADBEADOBE INC COM	2,259	$790K	0.11%
52	SDGISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	8,980	$756K	0.11%
53	USACUSA COMPRESSION PARTNERS LP COM UNIT LTDPAR	30,837	$709K	0.10%
54	DHID R HORTON INC COM	4,901	$705K	0.10%
55	EFAVISHARES MSCI EAFE MIN VOL FACTOR ETF	8,177	$705K	0.10%
56	XLKSTATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	4,668	$672K	0.10%
57	INTUINTUIT COM	969	$641K	0.09%
58	IWBISHARES RUSSELL 1000 ETF	1,690	$631K	0.09%
59	QUALISHARES MSCI USA QUALITY FACTOR ETF	2,957	$587K	0.08%
60	SYYSYSCO CORP COM	7,908	$582K	0.08%
61	ADPAUTOMATIC DATA PROCESSING INC COM	2,205	$570K	0.08%
62	VBVANGUARD SMALL-CAP ETF	1,981	$510K	0.07%
63	HYGISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	6,301	$508K	0.07%
64	VVISA INC COM CL A	1,446	$506K	0.07%
65	VGSHVANGUARD SHORT-TERM TREASURY ETF	8,082	$474K	0.07%
66	NTAPNETAPP INC COM	4,282	$458K	0.07%
67	AQLTISHARES CORE MSCI EAFE ETF	4,720	$422K	0.06%
68	ICFISHARES SELECT U.S. REIT ETF	7,016	$418K	0.06%
69	SGOLABRDN PHYSICAL GOLD SHARES ETF	9,875	$405K	0.06%
70	AMGAFFILIATED MANAGERS GROUP INC COM	1,319	$380K	0.05%
71	EEMAISHARES MSCI EMERGING MARKETS ASIA ETF	3,872	$364K	0.05%
72	XLUSTATE STREET UTILITIES SELECT SECTOR SPDR ETF	8,426	$359K	0.05%
73	XLVSTATE STREET HEALTH CARE SELECT SECTOR SPDR ETF	2,311	$357K	0.05%
74	CATCATERPILLAR INC COM	600	$343K	0.05%
75	MINMFS INTER INCOME TR SH BEN INT	129,626	$338K	0.05%
76	VTECVANGUARD CALIFORNIA TAX-EXEMPT BOND ETF	3,300	$330K	0.05%
77	CBRECBRE GROUP INC CL A	2,000	$321K	0.05%
78	ELLAUDER ESTEE COS INC CL A	3,047	$319K	0.05%
79	XLFISTATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	4,053	$314K	0.05%
80	BKTBLACKROCK INCOME TR INC COM NEW	28,485	$314K	0.05%
81	OLEDUNIVERSAL DISPLAY CORP COM	2,494	$291K	0.04%
82	BHKBLACKROCK CORE BD TR SHS BEN INT	29,548	$283K	0.04%
83	ABTABBOTT LABS COM	2,159	$270K	0.04%
84	SBUXSTARBUCKS CORP COM	3,201	$269K	0.04%
85	SPABSTATE STREET SPDR PORTFOLIO AGGREGATE BOND ETF	10,180	$262K	0.04%
86	BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW	519	$260K	0.04%
87	VPLVANGUARD FTSE PACIFIC ETF	2,782	$251K	0.04%
88	XTISHARES FUTURE EXPONENTIAL TECHNOLOGIES ETF	3,511	$244K	0.04%
89	BABOEING CO COM	1,100	$238K	0.03%
90	VOVANGUARD MID-CAP ETF	719	$208K	0.03%
91	GDXVANECK GOLD MINERS ETF	2,400	$205K	0.03%
92	KROKRONOS WORLDWIDE INC COM	32,045	$141K	0.02%