13F HOLDINGS REPORT

Tolleson Wealth Management, Inc.

Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001772937-25-000009

Total Value

$585,117

Positions

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (84)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES U.S. EQUITY FACTOR ETF	46434V282	2,099,726	$134,655	23.01%
2	ISHARES INTERNATIONAL EQUITY FACTOR ETF	46434V274	2,851,077	$97,592	16.68%
3	SPDR MSCI USA STRATEGICFACTORS ETF	78468R812	568,476	$92,713	15.85%
4	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	464287150	276,648	$37,359	6.38%
5	VANGUARD RUSSELL 1000 GROWTH ETF	92206C680	230,015	$25,118	4.29%
6	ISHARES HIGH YIELD MUNI ACTIVE ETF	BLK	464,974	$22,612	3.86%
7	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	922042775	298,280	$20,050	3.43%
8	SPDR S&P 500 ETF TRUST	SPY	28,748	$17,762	3.04%
9	ISHARES MSCI INTL QUALITY FACTOR ETF	46434V456	269,267	$11,638	1.99%
10	ISHARES MSCI EAFE ETF	464287465	98,274	$8,785	1.50%
11	FIRST TRUST SMITH UNCONSTRAINED BOND ETF	33740F888	328,915	$8,187	1.40%
12	ISHARES RUSSELL 1000 GROWTH ETF	464287614	16,627	$7,059	1.21%
13	ISHARES RUSSELL MIDCAP ETF	464287499	70,446	$6,479	1.11%
14	ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	46435U853	167,643	$6,288	1.07%
15	TCW TRANSFORM 500 ETF	29287L106	66,650	$4,848	0.83%
16	ISHARES RUSSELL 1000 VALUE ETF	464287598	23,531	$4,570	0.78%
17	VANGUARD RUSSELL 3000 ETF	92206C599	16,701	$4,555	0.78%
18	NUVEEN ESG LARGE-CAP ETF	NU	74,068	$3,630	0.62%
19	ISHARES RUSSELL MID-CAP GROWTH ETF	464287481	26,171	$3,629	0.62%
20	ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	464288182	43,826	$3,621	0.62%
21	VANGUARD S&P 500 ETF	922908363	5,592	$3,186	0.54%
22	ISHARES RUSSELL 3000 ETF	464287689	9,066	$3,182	0.54%
23	GALAXY DIGITAL INC. CL A	GLXY	145,000	$3,176	0.54%
24	MASTERCARD INCORPORATED CL A	MA	5,388	$3,028	0.52%
25	ISHARES CORE S&P 500 ETF	464287200	4,656	$2,891	0.49%
26	MICROSOFT CORP COM	MSFT	5,269	$2,621	0.45%
27	INVESCO S&P SMALLCAP MOMENTUM ETF	IVZ	29,468	$2,004	0.34%
28	GOLDMAN SACHS GROUP INC COM	GSCE	2,683	$1,899	0.32%
29	VANGUARD FTSE EUROPE ETF	922042874	24,151	$1,872	0.32%
30	ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	464288620	33,073	$1,701	0.29%
31	SCHWAB U.S. BROAD MARKET ETF	808524102	70,940	$1,691	0.29%
32	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	28,361	$1,617	0.28%
33	APPLE INC COM	AAPL	7,694	$1,579	0.27%
34	INVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	IVZ	30,000	$1,560	0.27%
35	SPDR GOLD SHARES	GLD	4,956	$1,511	0.26%
36	ISHARES SHORT DURATION HIGH YIELD MUNI ACTIVE ETF	BLK	65,600	$1,464	0.25%
37	NVIDIA CORPORATION COM	NVDA	9,210	$1,455	0.25%
38	INVESCO GALAXY BITCOIN ETF	BTCO	13,030	$1,401	0.24%
39	Impact Shares Affordable Housing MBS ETF	74741A106	70,676	$1,223	0.21%
40	NUVEEN ESG EMERGING MARKETS EQUITY ETF	NU	35,489	$1,179	0.20%
41	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	15,771	$1,090	0.19%
42	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	16,698	$1,002	0.17%
43	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	9,620	$954	0.16%
44	VANGUARD SHORT-TERM TREASURY ETF	92206C102	16,164	$950	0.16%
45	ISHARES MSCI USA MIN VOL FACTOR ETF	46429B697	10,025	$941	0.16%
46	UNITEDHEALTH GROUP INC COM	UNH	2,942	$918	0.16%
47	ADOBE INC COM	ADBE	2,259	$874	0.15%
48	AMAZON COM INC COM	AMZN	3,960	$869	0.15%
49	ISHARES MSCI USA EQUAL WEIGHTED ETF	464286681	7,978	$791	0.14%
50	NUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	NU	21,979	$780	0.13%
51	INTUIT COM	INTU	969	$763	0.13%
52	USA COMPRESSION PARTNERS LP COMUNIT LTDPAR	USAC	30,837	$750	0.13%
53	ISHARES MSCI EAFE MIN VOL FACTOR ETF	46429B689	8,177	$687	0.12%
54	AUTOMATIC DATA PROCESSING INC COM	ADP	2,205	$683	0.12%
55	ISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	46435G532	8,980	$681	0.12%
56	D R HORTON INC COM	23331A109	4,901	$632	0.11%
57	SYSCO CORP COM	SYY	7,908	$599	0.10%
58	TECHNOLOGY SELECT SECTOR SPDR FUND	81369Y803	2,334	$591	0.10%
59	ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	464288513	7,259	$585	0.10%
60	ISHARES RUSSELL 1000 ETF	464287622	1,690	$574	0.10%
61	ISHARES SELECT U.S. REIT ETF	464287564	8,998	$550	0.09%
62	ISHARES MSCI USA QUALITY FACTOR ETF	46432F339	2,957	$541	0.09%
63	VISA INC COM CL A	V	1,446	$513	0.09%
64	NETAPP INC COM	NTAP	4,282	$456	0.08%
65	VANGUARD SMALL-CAP ETF	922908751	1,761	$419	0.07%
66	VANGUARD FTSE PACIFIC ETF	922042866	5,004	$411	0.07%
67	MFS INTER INCOME TR SH BEN INT	55273C107	129,626	$351	0.06%
68	UTILITIES SELECT SECTOR SPDR FUND	81369Y886	4,213	$344	0.06%
69	BLACKROCK INCOME TR INC COM NEW	BLK	28,485	$335	0.06%
70	CONSUMER STAPLES SELECT SECTOR SPDR FUND	81369Y308	4,053	$328	0.06%
71	VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF	922021605	3,300	$322	0.06%
72	ISHARES MSCI EMERGING MARKETS ASIA ETF	464286426	3,872	$320	0.05%
73	HEALTH CARE SELECT SECTOR SPDR FUND	81369Y209	2,311	$311	0.05%
74	ABBOTT LABS COM	ABLZF	2,159	$294	0.05%
75	STARBUCKS CORP COM	SBUX	3,201	$293	0.05%
76	BLACKROCK CORE BD TR SHS BEN INT	BLK	29,548	$287	0.05%
77	CBRE GROUP INC CL A	CBRE	2,000	$280	0.05%
78	SPDR PORTFOLIO AGGREGATE BOND ETF	78464A649	10,180	$261	0.04%
79	AFFILIATED MANAGERS GROUP INC COM	MGRE	1,319	$260	0.04%
80	LAUDER ESTEE COS INC CL A	518439104	3,047	$246	0.04%
81	CATERPILLAR INC COM	CAT	600	$233	0.04%
82	BOEING CO COM	BA-PA	1,100	$230	0.04%
83	ISHARES EXPONENTIAL TECHNOLOGIES ETF	46434V381	3,511	$229	0.04%
84	KRONOS WORLDWIDE INC COM	KRO	32,045	$199	0.03%