13F HOLDINGS REPORT (Amended)

Tolleson Wealth Management, Inc.

Quarter ended Q2 2025 · Filed August 28, 2025 · Accession 0001772937-25-000014

Total Value

$585.1M

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	$134.7M	23.01%
2	ISHARES INTERNATIONAL EQUITY FACTOR ETF	46434V274	2,851,077	$97.6M	16.68%
3	SPDR MSCI USA STRATEGICFACTORS ETF	78468R812	568,476	$92.7M	15.85%
4	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	464287150	276,648	$37.4M	6.38%
5	VANGUARD RUSSELL 1000 GROWTH ETF	92206C680	230,015	$25.1M	4.29%
6	ISHARES HIGH YIELD MUNI ACTIVE ETF	BLK	464,974	$22.6M	3.86%
7	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	922042775	298,280	$20.1M	3.43%
8	SPDR S&P 500 ETF TRUST	SPY	28,748	$17.8M	3.04%
9	ISHARES MSCI INTL QUALITY FACTOR ETF	46434V456	269,267	$11.6M	1.99%
10	ISHARES MSCI EAFE ETF	464287465	98,274	$8.8M	1.50%
11	FIRST TRUST SMITH UNCONSTRAINED BOND ETF	33740F888	328,915	$8.2M	1.40%
12	ISHARES RUSSELL 1000 GROWTH ETF	464287614	16,627	$7.1M	1.21%
13	ISHARES RUSSELL MIDCAP ETF	464287499	70,446	$6.5M	1.11%
14	ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	46435U853	167,643	$6.3M	1.07%
15	TCW TRANSFORM 500 ETF	29287L106	66,650	$4.8M	0.83%
16	ISHARES RUSSELL 1000 VALUE ETF	464287598	23,531	$4.6M	0.78%
17	VANGUARD RUSSELL 3000 ETF	92206C599	16,701	$4.6M	0.78%
18	NUVEEN ESG LARGE-CAP ETF	NU	74,068	$3.6M	0.62%
19	ISHARES RUSSELL MID-CAP GROWTH ETF	464287481	26,171	$3.6M	0.62%
20	ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	464288182	43,826	$3.6M	0.62%
21	VANGUARD S&P 500 ETF	922908363	5,592	$3.2M	0.54%
22	ISHARES RUSSELL 3000 ETF	464287689	9,066	$3.2M	0.54%
23	GALAXY DIGITAL INC. CL A	GLXY	145,000	$3.2M	0.54%
24	MASTERCARD INCORPORATED CL A	MA	5,388	$3.0M	0.52%
25	ISHARES CORE S&P 500 ETF	464287200	4,656	$2.9M	0.49%
26	MICROSOFT CORP COM	MSFT	5,269	$2.6M	0.45%
27	INVESCO S&P SMALLCAP MOMENTUM ETF	IVZ	29,468	$2.0M	0.34%
28	GOLDMAN SACHS GROUP INC COM	GSCE	2,683	$1.9M	0.32%
29	VANGUARD FTSE EUROPE ETF	922042874	24,151	$1.9M	0.32%
30	ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	464288620	33,073	$1.7M	0.29%
31	SCHWAB U.S. BROAD MARKET ETF	808524102	70,940	$1.7M	0.29%
32	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	28,361	$1.6M	0.28%
33	APPLE INC COM	AAPL	7,694	$1.6M	0.27%
34	INVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	IVZ	30,000	$1.6M	0.27%
35	SPDR GOLD SHARES	GLD	4,956	$1.5M	0.26%
36	ISHARES SHORT DURATION HIGH YIELD MUNI ACTIVE ETF	BLK	65,600	$1.5M	0.25%
37	NVIDIA CORPORATION COM	NVDA	9,210	$1.5M	0.25%
38	INVESCO GALAXY BITCOIN ETF	BTCO	13,030	$1.4M	0.24%
39	Impact Shares Affordable Housing MBS ETF	74741A106	70,676	$1.2M	0.21%
40	NUVEEN ESG EMERGING MARKETS EQUITY ETF	NU	35,489	$1.2M	0.20%
41	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	15,771	$1.1M	0.19%
42	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	16,698	$1.0M	0.17%
43	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	9,620	$954,304	0.16%
44	VANGUARD SHORT-TERM TREASURY ETF	92206C102	16,164	$950,120	0.16%
45	ISHARES MSCI USA MIN VOL FACTOR ETF	46429B697	10,025	$941,077	0.16%
46	UNITEDHEALTH GROUP INC COM	UNH	2,942	$917,816	0.16%
47	ADOBE INC COM	ADBE	2,259	$873,962	0.15%
48	AMAZON COM INC COM	AMZN	3,960	$868,784	0.15%
49	ISHARES MSCI USA EQUAL WEIGHTED ETF	464286681	7,978	$790,779	0.14%
50	NUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	NU	21,979	$780,035	0.13%
51	INTUIT COM	INTU	969	$763,213	0.13%
52	USA COMPRESSION PARTNERS LP COMUNIT LTDPAR	USAC	30,837	$749,647	0.13%
53	ISHARES MSCI EAFE MIN VOL FACTOR ETF	46429B689	8,177	$687,359	0.12%
54	AUTOMATIC DATA PROCESSING INC COM	ADP	2,205	$683,418	0.12%
55	ISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	46435G532	8,980	$681,223	0.12%
56	D R HORTON INC COM	23331A109	4,901	$631,837	0.11%
57	SYSCO CORP COM	SYY	7,908	$598,952	0.10%
58	TECHNOLOGY SELECT SECTOR SPDR FUND	81369Y803	2,334	$591,039	0.10%
59	ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	464288513	7,259	$585,438	0.10%
60	ISHARES RUSSELL 1000 ETF	464287622	1,690	$573,873	0.10%
61	ISHARES SELECT U.S. REIT ETF	464287564	8,998	$550,324	0.09%
62	ISHARES MSCI USA QUALITY FACTOR ETF	46432F339	2,957	$540,599	0.09%
63	VISA INC COM CL A	V	1,446	$513,273	0.09%
64	NETAPP INC COM	NTAP	4,282	$456,247	0.08%
65	VANGUARD SMALL-CAP ETF	922908751	1,761	$418,709	0.07%
66	VANGUARD FTSE PACIFIC ETF	922042866	5,004	$411,229	0.07%
67	MFS INTER INCOME TR SH BEN INT	55273C107	129,626	$351,286	0.06%
68	UTILITIES SELECT SECTOR SPDR FUND	81369Y886	4,213	$344,034	0.06%
69	BLACKROCK INCOME TR INC COM NEW	BLK	28,485	$334,699	0.06%
70	CONSUMER STAPLES SELECT SECTOR SPDR FUND	81369Y308	4,053	$328,171	0.06%
71	VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF	922021605	3,300	$322,113	0.06%
72	ISHARES MSCI EMERGING MARKETS ASIA ETF	464286426	3,872	$319,634	0.05%
73	HEALTH CARE SELECT SECTOR SPDR FUND	81369Y209	2,311	$311,500	0.05%
74	ABBOTT LABS COM	ABLZF	2,159	$293,646	0.05%
75	STARBUCKS CORP COM	SBUX	3,201	$293,308	0.05%
76	BLACKROCK CORE BD TR SHS BEN INT	BLK	29,548	$287,207	0.05%
77	CBRE GROUP INC CL A	CBRE	2,000	$280,240	0.05%
78	SPDR PORTFOLIO AGGREGATE BOND ETF	78464A649	10,180	$260,608	0.04%
79	AFFILIATED MANAGERS GROUP INC COM	MGRE	1,319	$259,540	0.04%
80	LAUDER ESTEE COS INC CL A	518439104	3,047	$246,198	0.04%
81	CATERPILLAR INC COM	CAT	600	$232,926	0.04%
82	BOEING CO COM	BA-PA	1,100	$230,483	0.04%
83	ISHARES EXPONENTIAL TECHNOLOGIES ETF	46434V381	3,511	$229,093	0.04%
84	KRONOS WORLDWIDE INC COM	KRO	32,045	$198,679	0.03%