13F HOLDINGS REPORT (Amended)

Tolleson Wealth Management, Inc.

Quarter ended Q2 2025 · Filed August 28, 2025 · Accession 0001772937-25-000013

Total Value

$518.6M

Positions

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (86)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES U.S. EQUITY FACTOR ETF	46434V282	1,884,073	$109.1M	21.03%
2	SPDR MSCI USA STRATEGICFACTORS ETF	78468R812	584,558	$91.6M	17.66%
3	ISHARES INTERNATIONAL EQUITY FACTOR ETF	46434V274	2,732,428	$84.3M	16.25%
4	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	464287150	278,004	$33.9M	6.54%
5	ISHARES HIGH YIELD MUNI ACTIVE ETF	BLK	412,393	$20.4M	3.94%
6	VANGUARD RUSSELL 1000 GROWTH ETF	92206C680	213,600	$19.8M	3.82%
7	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	922042775	298,150	$18.1M	3.49%
8	SPDR S&P 500 ETF TRUST	SPY	28,839	$16.2M	3.12%
9	ISHARES MSCI INTL QUALITY FACTOR ETF	46434V456	282,340	$11.2M	2.16%
10	ISHARES MSCI EAFE ETF	464287465	98,475	$8.0M	1.55%
11	FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF	33740F888	284,223	$7.0M	1.36%
12	ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	46435U853	173,435	$6.4M	1.23%
13	ISHARES RUSSELL 1000 GROWTH ETF	464287614	16,917	$6.1M	1.18%
14	ISHARES RUSSELL MIDCAP ETF	464287499	70,479	$6.0M	1.16%
15	ISHARES RUSSELL 1000 VALUE ETF	464287598	23,591	$4.4M	0.86%
16	TCW TRANSFORM 500 ETF	29287L106	66,650	$4.4M	0.84%
17	VANGUARD RUSSELL 3000 ETF	92206C599	16,701	$4.1M	0.79%
18	ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	464288182	43,896	$3.2M	0.63%
19	NUVEEN ESG LARGE-CAP ETF	NU	74,068	$3.2M	0.63%
20	ISHARES RUSSELL MID-CAP GROWTH ETF	464287481	26,836	$3.2M	0.61%
21	MASTERCARD INCORPORATED CL A	MA	5,388	$3.0M	0.57%
22	ISHARES RUSSELL 3000 ETF	464287689	9,066	$2.9M	0.56%
23	ISHARES CORE S&P 500 ETF	464287200	4,923	$2.8M	0.53%
24	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	44,361	$2.3M	0.43%
25	MICROSOFT CORP COM	MSFT	5,218	$2.0M	0.38%
26	INVESCO S&P SMALLCAP MOMENTUM ETF	IVZ	29,468	$1.8M	0.36%
27	APPLE INC COM	AAPL	7,670	$1.7M	0.33%
28	VANGUARD FTSE EUROPE ETF	922042874	24,212	$1.7M	0.33%
29	SCHWAB U.S. BROAD MARKET ETF	808524102	78,212	$1.7M	0.32%
30	UNITEDHEALTH GROUP INC COM	UNH	2,942	$1.5M	0.30%
31	ISHARES HIGH YIELD MUNI INCOME ACTIVE ETF	BLK	67,570	$1.5M	0.30%
32	INVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	IVZ	30,000	$1.5M	0.29%
33	GOLDMAN SACHS GROUP INC COM	GSCE	2,683	$1.5M	0.28%
34	SPDR GOLD SHARES	GLD	4,956	$1.4M	0.28%
35	ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	464288620	27,898	$1.4M	0.27%
36	VANGUARD S&P 500 ETF	922908363	2,407	$1.2M	0.24%
37	NVIDIA CORPORATION COM	NVDA	11,300	$1.2M	0.24%
38	Impact Shares Affordable Housing MBS ETF	74741A106	70,676	$1.2M	0.24%
39	INVESCO GALAXY BITCOIN ETF	BTCO	14,000	$1.2M	0.22%
40	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	16,806	$1.0M	0.20%
41	NUVEEN ESG EMERGING MARKETS EQUITY ETF	NU	35,039	$1.0M	0.20%
42	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	18,546	$1.0M	0.19%
43	VISA INC COM CL A	V	2,809	$984,442	0.19%
44	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	9,649	$954,479	0.18%
45	VANGUARD SHORT-TERM TREASURY ETF	92206C102	16,164	$948,665	0.18%
46	ISHARES MSCI USA MIN VOL FACTOR ETF	46429B697	10,025	$938,971	0.18%
47	ADOBE INC COM	ADBE	2,259	$866,394	0.17%
48	USA COMPRESSION PARTNERS LP COMUNIT LTDPAR	USAC	30,837	$831,982	0.16%
49	AMAZON COM INC COM	AMZN	3,960	$753,430	0.15%
50	ISHARES MSCI USA EQUAL WEIGHTED ETF	464286681	7,978	$746,661	0.14%
51	NUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	NU	21,979	$700,031	0.13%
52	AUTOMATIC DATA PROCESSING INC COM	ADP	2,205	$677,089	0.13%
53	SPDR S&P GLOBAL NATURAL RESOURCES ETF	78463X541	12,566	$669,140	0.13%
54	ISHARES MSCI EAFE MIN VOL FACTOR ETF	46429B689	8,545	$665,826	0.13%
55	ISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	46435G532	8,980	$650,062	0.13%
56	D R HORTON INC COM	23331A109	4,901	$623,064	0.12%
57	INTUIT COM	INTU	969	$594,956	0.11%
58	SYSCO CORP COM	SYY	7,908	$593,416	0.11%
59	ISHARES SELECT U.S. REIT ETF	464287564	9,077	$558,515	0.11%
60	ISHARES RUSSELL 1000 ETF	464287622	1,690	$518,391	0.10%
61	ISHARES MSCI USA QUALITY FACTOR ETF	46432F339	2,957	$505,322	0.10%
62	ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	464288513	6,272	$494,798	0.10%
63	TECHNOLOGY SELECT SECTOR SPDR FUND	81369Y803	2,056	$424,523	0.08%
64	VANGUARD SMALL-CAP ETF	922908751	1,761	$390,502	0.08%
65	NETAPP INC COM	NTAP	4,282	$376,131	0.07%
66	VANGUARD FTSE PACIFIC ETF	922042866	5,004	$362,590	0.07%
67	MFS INTER INCOME TR SH BEN INT	55273C107	129,626	$348,694	0.07%
68	BLACKROCK INCOME TR INC COM NEW	BLK	28,485	$337,547	0.07%
69	HEALTH CARE SELECT SECTOR SPDR FUND	81369Y209	2,311	$337,429	0.07%
70	UTILITIES SELECT SECTOR SPDR FUND	81369Y886	4,213	$332,195	0.06%
71	CONSUMER STAPLES SELECT SECTOR SPDR FUND	81369Y308	4,053	$331,009	0.06%
72	VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF	922021605	3,300	$324,720	0.06%
73	BLACKROCK CORE BD TR SHS BEN INT	BLK	29,548	$320,596	0.06%
74	STARBUCKS CORP COM	SBUX	3,201	$313,986	0.06%
75	ISHARES MSCI EMERGING MARKETS ASIA ETF	464286426	3,872	$286,799	0.06%
76	ABBOTT LABS COM	ABLZF	2,159	$286,391	0.06%
77	CBRE GROUP INC CL A	CBRE	2,000	$261,560	0.05%
78	VANGUARD GROWTH ETF	922908736	705	$261,428	0.05%
79	SPDR PORTFOLIO AGGREGATE BOND ETF	78464A649	10,180	$259,997	0.05%
80	VANGUARD MID-CAP ETF	922908629	1,004	$259,654	0.05%
81	ISHARES MSCI EMERGING MARKETS MIN VOL FACTOR ETF	464286533	3,888	$226,826	0.04%
82	AFFILIATED MANAGERS GROUP INC COM	MGRE	1,319	$221,632	0.04%
83	KRONOS WORLDWIDE INC COM	KRO	29,245	$218,753	0.04%
84	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	403	$214,630	0.04%
85	ISHARES EXPONENTIAL TECHNOLOGIES ETF	46434V381	3,511	$202,093	0.04%
86	LAUDER ESTEE COS INC CL A	518439104	3,047	$201,102	0.04%