Tolleson Wealth Management, Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Tolleson Wealth Management, Inc. reported 81 stock positions worth $507.0 million. Its top holding was iShares US Equity Factor ETF (LRGF) at 22.3% of the portfolio, followed by SS SPDR MSCI U Stratfact ETF (QUS, 21.1%) and iShares International Equity (INTF, 14.1%). Compared with Q1 2024, it opened 2 new positions, sold out of 2, added to 15 and reduced 26. The biggest buy was iShares Core S&P Total U.S. (ITOT, shares +0%) and the biggest sale SS SPDR MSCI U Stratfact ETF (QUS, shares −5%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001772937
Portfolio Value
$507.0M (Q2 2024)
SEC Filing
0001772937-24-000005 ↗ filed Aug 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $511.0M Q1 2024 Q2 2024: $507.0M $507.0M Q2 2024 Q3 2024: $524.8M Q3 2024 Q4 2024: $487.7M Q4 2024 Q1 2025: $518.6M Q1 2025 Q2 2025: $585.1M Q2 2025 Q3 2025: $646.4M Q3 2025 Q4 2025: $692.6M Q4 2025 Q1 2026: $685.0M Q1 2026 Q2 2026: $741.9M Q2 2026

Holdings 81 stocks · $507.0M
LRGF iShares US Equity Factor ETF 22.29% 2,029,070 $113.0M Reduce -1.4%
QUS SS SPDR MSCI U Stratfact ETF 21.08% 724,903 $106.9M Reduce -4.8%
INTF iShares International Equity 14.08% 2,443,028 $71.4M Reduce -2.1%
ITOT iShares Core S&P Total U.S. 8.15% 347,823 $41.3M Add +0.2%
VEU Vanguard Ftse All-World Ex-U 4.24% 366,460 $21.5M Add +2.3%
SPY SS SPDR S&P 500 ETF Trust-US 3.22% 30,029 $16.3M Reduce -1.7%
UCON First Trust Smith Unconstrai 2.57% 533,334 $13.0M Reduce -3.4%
IQLT iShares MSCI International Q 2.54% 330,147 $12.9M Reduce -1.1%
EFA iShares MSCI Eafe ETF 1.54% 99,989 $7.8M Reduce -1.0%
USHY iShares Broad Usd High Yield 1.47% 205,529 $7.5M Reduce -0.4%
IWF iShares Russell 1000 Growth 1.28% 17,739 $6.5M Reduce -2.6%
IWR iShares Russell Mid-Cap ETF 1.18% 73,746 $6.0M Reduce -0.5%
IWD iShares Russell 1000 Value E 0.85% 24,609 $4.3M Reduce -2.0%
VTHR Vanguard Russell 3000 0.79% 16,701 $4.0M No change
IWP iShares Russell Mid-Cap Grow 0.76% 34,903 $3.9M Reduce -3.9%
AAXJ iShares MSCI All Country Asi 0.63% 44,230 $3.2M Reduce -2.7%
IWV iShares Russell 3000 ETF 0.62% 10,140 $3.1M No change
NULC Nuveen ESG Large-Cap ETF 0.53% 61,688 $2.7M No change
IVW iShares S&P 500 Growth ETF 0.52% 28,651 $2.7M No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.52% 34,113 $2.6M No change
IVV iShares Core S&P 500 ETF 0.50% 4,656 $2.5M No change
IVE iShares S&P 500 Value ETF 0.49% 13,742 $2.5M No change
MSFT Microsoft Corp. 0.49% 5,576 $2.5M Add +5.5%
MA Mastercard Inc. Class A 0.47% 5,431 $2.4M Add +0.5%
USMV iShares MSCI USA Min Vol Fac 0.41% 25,024 $2.1M Reduce -0.9%
XSMO Invesco S&P Smallcap Momentu 0.35% 29,468 $1.8M No change
SCHB Schwab US Broad Market ETF 0.34% 27,615 $1.7M No change
AAPL Apple Inc. 0.34% 8,216 $1.7M Add +6.6%
MUB iShares National Muni Bond E 0.33% 15,546 $1.7M Reduce -1.0%
VGK Vanguard Ftse Europe ETF 0.32% 24,592 $1.6M Reduce -1.1%
XSVM Invesco S&P Smallcap Value W 0.31% 30,000 $1.6M No change
USIG iShares Broad Usd Investment 0.31% 31,105 $1.6M Reduce -1.3%
UNH Unitedhealth Group Inc. 0.30% 3,014 $1.5M Add +1.6%
AGG iShares Core U.S. Aggregate 0.30% 15,469 $1.5M Add +0.4%
IEMG iShares Core MSCI Emerging 0.28% 26,257 $1.4M No change
GLD SPDR Gold Shares 0.26% 6,127 $1.3M No change
V Visa Inc. Class A 0.26% 4,963 $1.3M Reduce -15.6%
ADBE Adobe Inc. 0.25% 2,287 $1.3M Add +1.1%
VOO Vanguard S&P 500 ETF 0.25% 2,507 $1.3M Reduce -7.4%
GS Goldman Sachs Group Inc. 0.24% 2,683 $1.2M No change
VXUS Vanguard Total Intl Stock 0.23% 18,963 $1.1M No change
NUEM Nuveen ESG Emerging Markets 0.20% 35,892 $1.0M No change
AIV Apartment Invt & Mgmt Co. Class A 0.20% 119,369 $990K No change
VGSH Vanguard Short-Term Treasury 0.18% 16,164 $937K No change
OWNS CCM Affordable Hous MBS ETF 0.17% 51,512 $867K No change
AMZN Amazon.com Inc. 0.16% 4,254 $822K New
EFAV iShares MSCI Eafe Min Vol Fa 0.16% 11,434 $793K No change
VOTE TCW Transform 500 ETF 0.15% 12,000 $763K New
VPL Vanguard Ftse Pacific ETF 0.15% 10,232 $759K Reduce -8.6%
USAC USA Compression Partners LP 0.14% 30,837 $732K No change
VMBS Vanguard Mortgage-Backed Sec 0.14% 15,915 $723K No change
GNR State Street SPDR S&P Global 0.14% 12,566 $702K No change
DHI D.R. Horton Inc. 0.14% 4,907 $692K No change
EEMA iShares MSCI Emerg MRKT Asia 0.14% 9,519 $690K No change
NUDM Nuveen ESG Intl Devel MRK Eq 0.13% 21,979 $684K No change
SDG Ish MSCI Glob Sust Deve Goal 0.13% 8,980 $674K No change
EUSA iShares MSCI USA Equal Weigh 0.13% 7,430 $656K No change
INTU Intuit Inc. 0.13% 969 $637K No change
NTAP Netapp Inc. 0.11% 4,360 $562K Add +1.8%
XLK SS Technology Select Sector 0.11% 2,356 $533K No change
ADP Automatic Data Processing 0.10% 2,205 $529K No change
ICF iShares Select U.S. REIT ETF 0.10% 9,185 $526K Reduce -0.3%
IWB iShares Russell 1000 ETF 0.10% 1,690 $503K No change
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,761 $385K No change
KRO Kronos Worldwide Inc. 0.07% 29,245 $367K Add +5.6%
MIN Aberdeen Intermediate Inc. FD 0.07% 133,535 $355K Add +2.1%
BKT BlackRock Income Trust 0.07% 29,528 $352K Reduce -0.8%
BHK BlackRock Core Bond Trust 0.07% 31,964 $340K Reduce -3.0%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.06% 3,047 $324K No change
QUAL iShares MSCI USA Quality Fac 0.05% 1,607 $274K Reduce -2.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 705 $264K No change
SPAB SS SPDR P Agg Bond ETF 0.05% 10,180 $255K No change
SBUX Starbucks Corp. 0.05% 3,258 $254K Add +0.9%
EEMV iShares MSCI Emg MKT Min Vol 0.05% 4,410 $252K No change
HD Home Depot Inc. 0.05% 727 $250K Reduce -50.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.05% 1,004 $244K No change
ABT Abbott Laboratories 0.05% 2,337 $243K Add +4.8%
AMG Affiliated Managers Group 0.04% 1,437 $225K Add +8.9%
XT Ishar Fture Exp Tech ETF-Usd 0.04% 3,511 $207K No change
BA The Boeing Co. 0.04% 1,109 $202K Add +1.9%
CAT Caterpillar Inc. 0.04% 606 $202K Reduce -72.5%

Portfolio Sells Q1 2024 → Q2 2024
QUS SS SPDR MSCI U Stratfact ETF Reduce -4.8% 21.08% −0.61
INTF iShares International Equity Reduce -2.1% 14.08% −0.49
SYY Sysco Corp. Sold out 0.00% −0.13
CAT Caterpillar Inc. Reduce -72.5% 0.04% −0.12
UCON First Trust Smith Unconstrai Reduce -3.4% 2.57% −0.09
V Visa Inc. Class A Reduce -15.6% 0.26% −0.06
HD Home Depot Inc. Reduce -50.0% 0.05% −0.06
IWP iShares Russell Mid-Cap Grow Reduce -3.9% 0.76% −0.05
IQLT iShares MSCI International Q Reduce -1.1% 2.54% −0.05
EMR Emerson Electric Co. Sold out 0.00% −0.04
IWR iShares Russell Mid-Cap ETF Reduce -0.5% 1.18% −0.04
EFA iShares MSCI Eafe ETF Reduce -1.0% 1.54% −0.03
IWD iShares Russell 1000 Value E Reduce -2.0% 0.85% −0.03
VPL Vanguard Ftse Pacific ETF Reduce -8.6% 0.15% −0.02
VOO Vanguard S&P 500 ETF Reduce -7.4% 0.25% −0.01
USHY iShares Broad Usd High Yield Reduce -0.4% 1.47% −0.01
USIG iShares Broad Usd Investment Reduce -1.3% 0.31% −0.01
MUB iShares National Muni Bond E Reduce -1.0% 0.33% −0.00
VGK Vanguard Ftse Europe ETF Reduce -1.1% 0.32% −0.00
BHK BlackRock Core Bond Trust Reduce -3.0% 0.07% −0.00
ICF iShares Select U.S. REIT ETF Reduce -0.3% 0.10% −0.00
BKT BlackRock Income Trust Reduce -0.8% 0.07% +0.00
QUAL iShares MSCI USA Quality Fac Reduce -2.5% 0.05% +0.00
USMV iShares MSCI USA Min Vol Fac Reduce -0.9% 0.41% +0.00
AAXJ iShares MSCI All Country Asi Reduce -2.7% 0.63% +0.03
IWF iShares Russell 1000 Growth Reduce -2.6% 1.28% +0.07
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.7% 3.22% +0.09
LRGF iShares US Equity Factor ETF Reduce -1.4% 22.29% +0.61

Portfolio Buys Q1 2024 → Q2 2024
ITOT iShares Core S&P Total U.S. Add +0.2% 8.15% +0.31
AMZN Amazon.com Inc. New 0.16% +0.16
VOTE TCW Transform 500 ETF New 0.15% +0.15
VEU Vanguard Ftse All-World Ex-U Add +2.3% 4.24% +0.13
AAPL Apple Inc. Add +6.6% 0.34% +0.08
MSFT Microsoft Corp. Add +5.5% 0.49% +0.06
ADBE Adobe Inc. Add +1.1% 0.25% +0.03
NTAP Netapp Inc. Add +1.8% 0.11% +0.02
UNH Unitedhealth Group Inc. Add +1.6% 0.30% +0.02
KRO Kronos Worldwide Inc. Add +5.6% 0.07% +0.01
MIN Aberdeen Intermediate Inc. FD Add +2.1% 0.07% +0.00
AMG Affiliated Managers Group Add +8.9% 0.04% +0.00
AGG iShares Core U.S. Aggregate Add +0.4% 0.30% +0.00
BA The Boeing Co. Add +1.9% 0.04% −0.00
ABT Abbott Laboratories Add +4.8% 0.05% −0.00
SBUX Starbucks Corp. Add +0.9% 0.05% −0.01
MA Mastercard Inc. Class A Add +0.5% 0.47% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 96$741.9MLRGF, INTF, QUS, ITOT, VONG
Q1 2026 92$685.0MLRGF, INTF, QUS, ITOT, VONG
Q4 2025 92$692.6MLRGF, INTF, QUS, ITOT, SGOV
Q3 2025 89$646.4MLRGF, INTF, QUS, ITOT, VONG
Q2 2025Amended 84$585.1MLRGF, INTF, QUS, ITOT, VONG
Q1 2025Amended 86$518.6MLRGF, QUS, INTF, ITOT, HIMU
Q4 2024 103$487.7MLRGF, QUS, INTF, ITOT, SPY
Q3 2024 82$524.8MLRGF, QUS, INTF, SPY, ITOT
Q2 2024 81$507.0MLRGF, QUS, INTF, ITOT, VEU
Q1 2024 81$511.0MQUS, LRGF, INTF, ITOT, VEU