13F HOLDINGS REPORT

Tolleson Wealth Management, Inc.

Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001772937-26-000001

Total Value

$692.6M

Positions

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (92)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	ISHARES U.S. EQUITY FACTOR ETF	46434V282	2,346,333	$162.9M	23.52%
2	ISHARES INTERNATIONAL EQUITY FACTOR ETF	46434V274	3,114,766	$117.6M	16.98%
3	STATE STREET SPDR MSCI USA STRATEGICFACTORS ETF	78468R812	544,403	$94.8M	13.69%
4	ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF	464287150	270,767	$40.3M	5.81%
5	ISHARES 0-3 MONTH TREASURY BOND ETF	46436E718	312,901	$31.4M	4.53%
6	ISHARES HIGH YIELD MUNI ACTIVE ETF	BLK	594,674	$28.9M	4.18%
7	VANGUARD RUSSELL 1000 GROWTH ETF	92206C680	230,015	$28.0M	4.04%
8	VANGUARD FTSE ALL-WORLD EX-US INDEX FUND	922042775	296,830	$21.8M	3.15%
9	STATE STR SPDR S&P 500 ETF TR TR UNIT	SPY	25,707	$17.6M	2.54%
10	ISHARES MSCI INTL QUALITY FACTOR ETF	46434V456	262,833	$11.9M	1.72%
11	ISHARES MSCI EAFE ETF	464287465	92,695	$8.9M	1.29%
12	VANGUARD S&P 500 ETF	922908363	13,319	$8.4M	1.21%
13	ISHARES RUSSELL 1000 GROWTH ETF	464287614	15,453	$7.3M	1.06%
14	FIRST TRUST SMITH UNCONSTRAINED BOND ETF	33740F888	278,461	$7.0M	1.01%
15	ISHARES RUSSELL MIDCAP ETF	464287499	68,370	$6.6M	0.95%
16	ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF	46435U853	153,486	$5.7M	0.83%
17	TCW TRANSFORM 500 ETF	29287L106	67,303	$5.4M	0.78%
18	VANGUARD RUSSELL 3000 ETF	92206C599	16,221	$4.9M	0.70%
19	ISHARES RUSSELL 1000 VALUE ETF	464287598	22,851	$4.8M	0.69%
20	ISHARES CORE S&P 500 ETF	464287200	5,805	$4.0M	0.57%
21	ISHARES MSCI ALL COUNTRY ASIA EX JAPAN ETF	464288182	41,688	$3.9M	0.56%
22	NUVEEN ESG LARGE-CAP ETF	NU	77,463	$3.7M	0.54%
23	ISHARES RUSSELL MID-CAP GROWTH ETF	464287481	26,171	$3.6M	0.52%
24	ISHARES RUSSELL 3000 ETF	464287689	9,066	$3.5M	0.51%
25	GALAXY DIGITAL INC. CL A	GLXY	145,000	$3.2M	0.47%
26	MASTERCARD INCORPORATED CL A	MA	5,388	$3.1M	0.44%
27	MICROSOFT CORP COM	MSFT	5,297	$2.6M	0.37%
28	GOLDMAN SACHS GROUP INC COM	GSCE	2,683	$2.4M	0.34%
29	NUVEEN ESG EMERGING MARKETS EQUITY ETF	NU	60,308	$2.1M	0.31%
30	INVESCO S&P SMALLCAP MOMENTUM ETF	IVZ	29,468	$2.1M	0.31%
31	APPLE INC COM	AAPL	7,717	$2.1M	0.30%
32	VANGUARD FTSE EUROPE ETF	922042874	22,474	$1.9M	0.27%
33	ISHARES CORE MSCI EMERGING MARKETS ETF	46434G103	26,615	$1.8M	0.26%
34	SCHWAB U.S. BROAD MARKET ETF	808524102	67,978	$1.8M	0.26%
35	VANGUARD FTSE DEVELOPED MARKETS ETF	921943858	28,361	$1.8M	0.26%
36	NVIDIA CORPORATION COM	NVDA	9,210	$1.7M	0.25%
37	INVESCO S&P SMALLCAP VALUE WITH MOMENTUM ETF	IVZ	30,000	$1.7M	0.25%
38	ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	464288620	29,225	$1.5M	0.22%
39	ISHARES SHORT DURATION HIGH YIELD MUNI ACTIVE ETF	BLK	65,600	$1.5M	0.21%
40	Impact Shares Affordable Housing MBS ETF	74741A106	71,101	$1.3M	0.18%
41	INVESCO GALAXY BITCOIN ETF	BTCO	13,030	$1.1M	0.16%
42	SPDR GOLD SHARES	GLD	2,821	$1.1M	0.16%
43	VANGUARD TOTAL INTERNATIONAL STOCK ETF	921909768	13,831	$1.0M	0.15%
44	UNITEDHEALTH GROUP INC COM	UNH	2,947	$972,834	0.14%
45	ISHARES MSCI USA MIN VOL FACTOR ETF	46429B697	9,890	$931,272	0.13%
46	ISHARES CORE U.S. AGGREGATE BOND ETF	464287226	9,208	$919,695	0.13%
47	AMAZON COM INC COM	AMZN	3,960	$914,047	0.13%
48	NUVEEN ESG INTERNATIONAL DEVELOPED MARKETS EQUITY ETF	NU	22,979	$832,070	0.12%
49	ISHARES MSCI USA EQUAL WEIGHTED ETF	464286681	7,978	$824,686	0.12%
50	ISHARES BITCOIN TRUST ETF	IBIT	16,065	$797,627	0.12%
51	ADOBE INC COM	ADBE	2,259	$790,627	0.11%
52	ISHARES MSCI GLOBAL SUSTAINABLE DEVELOPMENT GOALS ETF	46435G532	8,980	$756,337	0.11%
53	USA COMPRESSION PARTNERS LP COM UNIT LTDPAR	USAC	30,837	$709,251	0.10%
54	D R HORTON INC COM	23331A109	4,901	$705,891	0.10%
55	ISHARES MSCI EAFE MIN VOL FACTOR ETF	46429B689	8,177	$705,266	0.10%
56	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	81369Y803	4,668	$672,052	0.10%
57	INTUIT COM	INTU	969	$641,885	0.09%
58	ISHARES RUSSELL 1000 ETF	464287622	1,690	$631,114	0.09%
59	ISHARES MSCI USA QUALITY FACTOR ETF	46432F339	2,957	$587,319	0.08%
60	SYSCO CORP COM	SYY	7,908	$582,741	0.08%
61	AUTOMATIC DATA PROCESSING INC COM	ADP	2,205	$570,941	0.08%
62	VANGUARD SMALL-CAP ETF	922908751	1,981	$510,999	0.07%
63	ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF	464288513	6,301	$508,050	0.07%
64	VISA INC COM CL A	V	1,446	$506,999	0.07%
65	VANGUARD SHORT-TERM TREASURY ETF	92206C102	8,082	$474,656	0.07%
66	NETAPP INC COM	NTAP	4,282	$458,559	0.07%
67	ISHARES CORE MSCI EAFE ETF	46432F842	4,720	$422,251	0.06%
68	ISHARES SELECT U.S. REIT ETF	464287564	7,016	$418,619	0.06%
69	ABRDN PHYSICAL GOLD SHARES ETF	00326A104	9,875	$405,665	0.06%
70	AFFILIATED MANAGERS GROUP INC COM	MGRE	1,319	$380,241	0.05%
71	ISHARES MSCI EMERGING MARKETS ASIA ETF	464286426	3,872	$364,045	0.05%
72	STATE STREET UTILITIES SELECT SECTOR SPDR ETF	81369Y886	8,426	$359,706	0.05%
73	STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF	81369Y209	2,311	$357,743	0.05%
74	CATERPILLAR INC COM	CAT	600	$343,722	0.05%
75	MFS INTER INCOME TR SH BEN INT	55273C107	129,626	$338,324	0.05%
76	VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF	922021605	3,300	$330,858	0.05%
77	CBRE GROUP INC CL A	CBRE	2,000	$321,580	0.05%
78	LAUDER ESTEE COS INC CL A	518439104	3,047	$319,082	0.05%
79	STATE STREET CONSUMER STAPLES SELECT SECTOR SPDR ETF	81369Y308	4,053	$314,837	0.05%
80	BLACKROCK INCOME TR INC COM NEW	BLK	28,485	$314,474	0.05%
81	UNIVERSAL DISPLAY CORP COM	OLED	2,494	$291,249	0.04%
82	BLACKROCK CORE BD TR SHS BEN INT	BLK	29,548	$283,365	0.04%
83	ABBOTT LABS COM	ABLZF	2,159	$270,501	0.04%
84	STARBUCKS CORP COM	SBUX	3,201	$269,556	0.04%
85	STATE STREET SPDR PORTFOLIO AGGREGATE BOND ETF	78464A649	10,180	$262,135	0.04%
86	BERKSHIRE HATHAWAY INC DEL CL B NEW	BRK-A	519	$260,875	0.04%
87	VANGUARD FTSE PACIFIC ETF	922042866	2,782	$251,493	0.04%
88	ISHARES FUTURE EXPONENTIAL TECHNOLOGIES ETF	46434V381	3,511	$244,857	0.04%
89	BOEING CO COM	BA-PA	1,100	$238,832	0.03%
90	VANGUARD MID-CAP ETF	922908629	719	$208,668	0.03%
91	VANECK GOLD MINERS ETF	92189F106	2,400	$205,848	0.03%
92	KRONOS WORLDWIDE INC COM	KRO	32,045	$141,639	0.02%