Tolleson Wealth Management, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Tolleson Wealth Management, Inc. reported 82 stock positions worth $524.8 million. Its top holding was iShares US Equity Factor ETF (LRGF) at 21.9% of the portfolio, followed by SS SPDR MSCI U Stratfact ETF (QUS, 20.4%) and iShares International Equity (INTF, 15.0%). Compared with Q2 2024, it opened 6 new positions, sold out of 5, added to 4 and reduced 39. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +154%) and the biggest sale iShares Core S&P Total U.S. (ITOT, shares −17%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001772937
Portfolio Value
$524.8M (Q3 2024)
SEC Filing
0001772937-24-000009 ↗ filed Nov 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $511.0M Q1 2024 Q2 2024: $507.0M Q2 2024 Q3 2024: $524.8M $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 82 stocks · $524.8M
LRGF iShares US Equity Factor ETF 21.87% 1,952,617 $114.8M Reduce -3.8%
QUS SS SPDR MSCI U Stratfact ETF 20.36% 678,269 $106.9M Reduce -6.4%
INTF iShares International Equity 14.96% 2,496,961 $78.5M Add +2.2%
SPY SS SPDR S&P 500 ETF Trust-US 8.38% 76,339 $44.0M Add +154.2%
ITOT iShares Core S&P Total U.S. 6.87% 287,026 $36.1M Reduce -17.5%
VEU Vanguard Ftse All-World Ex-U 3.61% 300,286 $18.9M Reduce -18.1%
IQLT iShares MSCI International Q 2.41% 304,419 $12.6M Reduce -7.8%
UCON First Trust Smith Unconstrai 1.64% 342,372 $8.6M Reduce -35.8%
EFA iShares MSCI Eafe ETF 1.58% 99,436 $8.3M Reduce -0.6%
IWF iShares Russell 1000 Growth 1.26% 17,668 $6.6M Reduce -0.4%
IWR iShares Russell Mid-Cap ETF 1.24% 73,649 $6.5M Reduce -0.1%
USHY iShares Broad Usd High Yield 1.21% 168,621 $6.3M Reduce -18.0%
IWD iShares Russell 1000 Value E 0.89% 24,568 $4.7M Reduce -0.2%
VTHR Vanguard Russell 3000 0.81% 16,701 $4.2M No change
IWP iShares Russell Mid-Cap Grow 0.69% 30,880 $3.6M Reduce -11.5%
AAXJ iShares MSCI All Country Asi 0.66% 44,230 $3.5M No change
IWV iShares Russell 3000 ETF 0.56% 9,066 $3.0M Reduce -10.6%
NULC Nuveen ESG Large-Cap ETF 0.56% 63,418 $2.9M Add +2.8%
IVV iShares Core S&P 500 ETF 0.51% 4,656 $2.7M No change
MA Mastercard Inc. Class A 0.51% 5,420 $2.7M Reduce -0.2%
MSFT Microsoft Corp. 0.45% 5,506 $2.4M Reduce -1.3%
USMV iShares MSCI USA Min Vol Fac 0.38% 22,061 $2.0M Reduce -11.8%
XSMO Invesco S&P Smallcap Momentu 0.37% 29,468 $1.9M No change
AAPL Apple Inc. 0.36% 8,179 $1.9M Reduce -0.5%
UNH Unitedhealth Group Inc. 0.33% 2,989 $1.7M Reduce -0.8%
VGK Vanguard Ftse Europe ETF 0.33% 24,420 $1.7M Reduce -0.7%
SCHB Schwab US Broad Market ETF 0.33% 26,071 $1.7M Reduce -5.6%
XSVM Invesco S&P Smallcap Value W 0.31% 30,000 $1.6M No change
IEMG iShares Core MSCI Emerging 0.29% 26,598 $1.5M Add +1.3%
GLD SPDR Gold Shares 0.28% 6,127 $1.5M No change
USIG iShares Broad Usd Investment 0.27% 26,896 $1.4M Reduce -13.5%
GS Goldman Sachs Group Inc. 0.25% 2,683 $1.3M No change
VOO Vanguard S&P 500 ETF 0.24% 2,407 $1.3M Reduce -4.0%
VXUS Vanguard Total Intl Stock 0.23% 18,355 $1.2M Reduce -3.2%
ADBE Adobe Inc. 0.23% 2,285 $1.2M Reduce -0.1%
NUEM Nuveen ESG Emerging Markets 0.21% 35,892 $1.1M No change
AIV Apartment Invt & Mgmt Co. Class A 0.21% 119,369 $1.1M No change
AGG iShares Core U.S. Aggregate 0.19% 10,026 $1.0M Reduce -35.2%
VGSH Vanguard Short-Term Treasury 0.18% 16,164 $954K No change
DHI D.R. Horton Inc. 0.18% 4,901 $935K Reduce -0.1%
OWNS CCM Affordable Hous MBS ETF 0.17% 51,512 $906K No change
EFAV iShares MSCI Eafe Min Vol Fa 0.17% 11,394 $874K Reduce -0.3%
VOTE TCW Transform 500 ETF 0.15% 12,000 $804K No change
V Visa Inc. Class A 0.15% 2,893 $795K Reduce -41.7%
AMZN Amazon.com Inc. 0.15% 4,210 $784K Reduce -1.0%
SDG Ish MSCI Glob Sust Deve Goal 0.14% 8,980 $761K No change
VMBS Vanguard Mortgage-Backed Sec 0.14% 15,915 $751K No change
NUDM Nuveen ESG Intl Devel MRK Eq 0.14% 21,979 $740K No change
GNR State Street SPDR S&P Global 0.14% 12,566 $725K No change
EUSA iShares MSCI USA Equal Weigh 0.14% 7,430 $711K No change
USAC USA Compression Partners LP 0.13% 30,837 $707K No change
SYY Sysco Corp. 0.12% 7,908 $617K New
ADP Automatic Data Processing 0.12% 2,205 $613K No change
ICF iShares Select U.S. REIT ETF 0.12% 9,185 $605K No change
INTU Intuit Inc. 0.11% 969 $602K No change
NTAP Netapp Inc. 0.10% 4,360 $539K No change
IWB iShares Russell 1000 ETF 0.10% 1,690 $531K No change
XLK SS Technology Select Sector 0.09% 2,056 $464K Reduce -12.7%
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.08% 5,544 $445K Reduce -83.8%
VPL Vanguard Ftse Pacific ETF 0.08% 5,666 $444K Reduce -44.6%
VB Vanguard Most SM-Cap ETF-Usd 0.08% 1,761 $419K No change
EEMA iShares MSCI Emerg MRKT Asia 0.07% 4,820 $378K Reduce -49.4%
KRO Kronos Worldwide Inc. 0.07% 29,245 $364K No change
BHK BlackRock Core Bond Trust 0.07% 29,548 $356K Reduce -7.6%
BKT BlackRock Income Trust 0.07% 28,485 $354K Reduce -3.5%
MIN Aberdeen Intermediate Inc. FD 0.07% 129,626 $353K Reduce -2.9%
VTEC Vanguard Ca Tax-Ex Bond 0.06% 3,300 $335K New
SBUX Starbucks Corp. 0.06% 3,231 $315K Reduce -0.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.06% 3,047 $304K No change
QUAL iShares MSCI USA Quality Fac 0.05% 1,607 $288K No change
EEMV iShares MSCI Emg MKT Min Vol 0.05% 4,410 $277K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.05% 705 $271K No change
SPAB SS SPDR P Agg Bond ETF 0.05% 10,180 $266K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.05% 1,004 $265K No change
ABT Abbott Laboratories 0.05% 2,265 $258K Reduce -3.1%
AMG Affiliated Managers Group 0.05% 1,437 $255K No change
CBRE CBRE Group Inc. Class A 0.05% 2,000 $249K New
CAT Caterpillar Inc. 0.04% 600 $235K Reduce -1.0%
EMR Emerson Electric Co. 0.04% 2,031 $222K New
BRK.B Berkshire Hathaway Inc. Class B 0.04% 479 $220K New
XT Ishar Fture Exp Tech ETF-Usd 0.04% 3,511 $214K No change
BBY Best Buy Co. Inc. 0.04% 1,934 $202K New

Portfolio Sells Q2 2024 → Q3 2024
ITOT iShares Core S&P Total U.S. Reduce -17.5% 6.87% −1.28
UCON First Trust Smith Unconstrai Reduce -35.8% 1.64% −0.93
QUS SS SPDR MSCI U Stratfact ETF Reduce -6.4% 20.36% −0.72
VEU Vanguard Ftse All-World Ex-U Reduce -18.1% 3.61% −0.63
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.52
IVE iShares S&P 500 Value ETF Sold out 0.00% −0.49
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -83.8% 0.08% −0.43
LRGF iShares US Equity Factor ETF Reduce -3.8% 21.87% −0.42
MUB iShares National Muni Bond E Sold out 0.00% −0.33
USHY iShares Broad Usd High Yield Reduce -18.0% 1.21% −0.26
IQLT iShares MSCI International Q Reduce -7.8% 2.41% −0.14
V Visa Inc. Class A Reduce -41.7% 0.15% −0.11
AGG iShares Core U.S. Aggregate Reduce -35.2% 0.19% −0.10
IWP iShares Russell Mid-Cap Grow Reduce -11.5% 0.69% −0.07
VPL Vanguard Ftse Pacific ETF Reduce -44.6% 0.08% −0.07
EEMA iShares MSCI Emerg MRKT Asia Reduce -49.4% 0.07% −0.06
IWV iShares Russell 3000 ETF Reduce -10.6% 0.56% −0.05
HD Home Depot Inc. Sold out 0.00% −0.05
MSFT Microsoft Corp. Reduce -1.3% 0.45% −0.04
BA The Boeing Co. Sold out 0.00% −0.04
USIG iShares Broad Usd Investment Reduce -13.5% 0.27% −0.04
USMV iShares MSCI USA Min Vol Fac Reduce -11.8% 0.38% −0.03
ADBE Adobe Inc. Reduce -0.1% 0.23% −0.03
XLK SS Technology Select Sector Reduce -12.7% 0.09% −0.02
SCHB Schwab US Broad Market ETF Reduce -5.6% 0.33% −0.01
AMZN Amazon.com Inc. Reduce -1.0% 0.15% −0.01
IWF iShares Russell 1000 Growth Reduce -0.4% 1.26% −0.01
VOO Vanguard S&P 500 ETF Reduce -4.0% 0.24% −0.01
MIN Aberdeen Intermediate Inc. FD Reduce -2.9% 0.07% −0.00
BKT BlackRock Income Trust Reduce -3.5% 0.07% −0.00
BHK BlackRock Core Bond Trust Reduce -7.6% 0.07% +0.00
VXUS Vanguard Total Intl Stock Reduce -3.2% 0.23% +0.00
ABT Abbott Laboratories Reduce -3.1% 0.05% +0.00
CAT Caterpillar Inc. Reduce -1.0% 0.04% +0.00
VGK Vanguard Ftse Europe ETF Reduce -0.7% 0.33% +0.01
SBUX Starbucks Corp. Reduce -0.8% 0.06% +0.01
EFAV iShares MSCI Eafe Min Vol Fa Reduce -0.3% 0.17% +0.01
AAPL Apple Inc. Reduce -0.5% 0.36% +0.02
UNH Unitedhealth Group Inc. Reduce -0.8% 0.33% +0.03
MA Mastercard Inc. Class A Reduce -0.2% 0.51% +0.04
EFA iShares MSCI Eafe ETF Reduce -0.6% 1.58% +0.04
DHI D.R. Horton Inc. Reduce -0.1% 0.18% +0.04
IWD iShares Russell 1000 Value E Reduce -0.2% 0.89% +0.04
IWR iShares Russell Mid-Cap ETF Reduce -0.1% 1.24% +0.06

Portfolio Buys Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +154.2% 8.38% +5.16
INTF iShares International Equity Add +2.2% 14.96% +0.87
SYY Sysco Corp. New 0.12% +0.12
VTEC Vanguard Ca Tax-Ex Bond New 0.06% +0.06
CBRE CBRE Group Inc. Class A New 0.05% +0.05
EMR Emerson Electric Co. New 0.04% +0.04
BRK.B Berkshire Hathaway Inc. Class B New 0.04% +0.04
BBY Best Buy Co. Inc. New 0.04% +0.04
NULC Nuveen ESG Large-Cap ETF Add +2.8% 0.56% +0.03
IEMG iShares Core MSCI Emerging Add +1.3% 0.29% +0.01

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