Institutional Manager · CIK 0001165002

WESTWOOD HOLDINGS GROUP INC

DALLAS, TX · File #028-15581

Latest AUM

$12.30B

Positions

482

Top-10 Concentration

33.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ENERGY TRANSFER L P	ET-PI	-16,604,206	-$273.8M	-$11.3M
REDUCE	ENTERPRISE PRODS PARTNERS L	293792107	-5,456,163	-$174.9M	+$4.4M
REDUCE	MPLX LP	MPLXP	-2,196,747	-$117.2M	+$7.7M
REDUCE	AAR CORP	AIR	-1,180,197	-$97.7M	-$8.2M
EXITED	SM ENERGY CO	78454L100	-3,637,348	-$90.8M	$0
EXITED	TOPBUILD CORP	89055F103	-205,677	-$80.4M	$0
REDUCE	ALPHABET INC	GOOG	-256,689	-$80.3M	+$45.2M
REDUCE	WESTERN MIDSTREAM PARTNERS L	WES	-1,805,168	-$71.3M	+$388,166
REDUCE	DISNEY WALT CO	254687106	-565,230	-$64.3M	-$493,809
EXITED	CONMED CORP	207410101	-1,329,787	-$62.5M	$0

Sector Allocation

Energy

10.4%$1.28B

Technology

8.6%$1.06B

Industrials

7.7%$946.8M

Consumer Discretionary

7.2%$891.1M

5.2%$638.2M

4.1%$510.2M

3.3%$411.9M

3.1%$382.8M

2.8%$345.6M

1.6%$201.8M

Communication Services

0.9%$112.8M

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 2025482 pos · $12.30B
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 2025489 pos · $14.01B
Oct 8, 202513F HOLDINGS REPORT (Amended)Q/E Sep 2025479 pos · $13.89B
Aug 18, 202513F HOLDINGS REPORT (Amended)Q/E Jun 2025457 pos · $13.47B
Aug 8, 202513F HOLDINGS REPORTQ/E Jun 2025453 pos · $11.37B
May 9, 202513F HOLDINGS REPORTQ/E Mar 2025463 pos · $13.25B
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024483 pos · $13.00B
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 2024469 pos · $23.72B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 2024451 pos · $21.42B
Jun 6, 202413F HOLDINGS REPORT (Amended)Q/E Jun 2024460 pos · $12.8M
May 14, 202413F HOLDINGS REPORTQ/E Mar 2024460 pos · $12.6M
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023447 pos · $10.7M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD TAX-MANAGED FDS	921943858	4,754,095	$297.0M	5.66%
2	WILLIAMS COS INC	969457100	4,256,309	$255.8M	4.88%
3	KINDER MORGAN INC DEL	EP-PC	8,350,611	$229.6M	4.38%
4	CHENIERE ENERGY INC	LNG	778,102	$151.3M	2.88%
5	TARGA RES CORP	TRGP	813,777	$150.1M	2.86%
6	MICROSOFT CORP	MSFT	309,221	$149.5M	2.85%
7	APPLE INC	AAPL	514,420	$139.9M	2.67%
8	AMAZON COM INC	AMZN	588,130	$135.8M	2.59%
9	DT MIDSTREAM INC	DTM	1,127,338	$134.9M	2.57%
10	ONEOK INC NEW	OKE	1,770,938	$130.2M	2.48%
11	ENBRIDGE INC	ENNPF	2,704,357	$129.3M	2.47%
12	ALPHABET INC	GOOG	390,165	$122.1M	2.33%
13	JPMORGAN CHASE & CO.	VYLD	367,024	$118.3M	2.25%
14	TC ENERGY CORP	TRPRF	2,124,838	$116.9M	2.23%
15	VERRA MOBILITY CORP	VRRM	4,761,255	$106.7M	2.03%
16	JOHNSON & JOHNSON	JNJ	511,744	$105.9M	2.02%
17	SENSIENT TECHNOLOGIES CORP	SXT	1,107,789	$104.1M	1.98%
18	AVISTA CORP	AVA	2,616,743	$100.8M	1.92%
19	COPT DEFENSE PROPERTIES	CDP	3,609,137	$100.3M	1.91%
20	SOUTHSTATE BK CORP	84472E102	1,050,659	$98.9M	1.88%