Tolleson Wealth Management, Inc.

CIK

1772937

Location

DALLAS, TX

Portfolio Value

Micro $46,664,613

Diversification

Moderately concentrated

Filing Date

Global Rank

#7,041 / 8,662 ▼ 524 · as of Dec 2025

Top Industry

Capital Markets 21.8%

3Y Alpha vs SPY

-5.6%

Period ended 6 months ago

Filed Feb 17, 2026 · 5mo

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+52.7%

SPY

+76.5%

Annualised alpha

-5.7%

Max drawdown

−18.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

34 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

37.6%

+1.8 pts

Top 5

61.6%

−0.6 pts

Top 10

76.7%

−1.2 pts

HHI

1,636

Moderately concentrated+90

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Unclassified	45.0%	$20,987,224	5
Financial Services	23.1%	$10,760,862	9
Technology	19.6%	$9,126,854	8
Consumer Cyclical	4.0%	$1,889,494	3
Healthcare	2.7%	$1,243,335	2
Consumer Defensive	1.9%	$901,821	2
Energy	1.5%	$709,251	1
Industrials	1.2%	$582,554	2
Real Estate	0.7%	$321,580	1
Basic Materials	0.3%	$141,638	1

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	−2,820	7,717	$2,097,943
SPY	Spdr S&P 500 ETF Trust	−2,080	25,707	$17,530,117
GLD	Spdr Gold Trust	−1,990	2,821	$1,117,990
MSFT	Microsoft Corp	−579	5,297	$2,561,735
AMZN	Amazon Com Inc	−475	3,960	$914,047
ABT	Abbott Laboratories	−404	2,159	$270,501
BRK-B	Berkshire Hathaway Inc	−261	519	$260,875
SBUX	Starbucks Corp	−123	3,201	$269,556
CAT	Caterpillar Inc	−112	600	$343,722
NTAP	NetApp, Inc.	−88	4,282	$458,559
UNH	Unitedhealth Group Inc	−82	2,947	$972,834
CBRE	Cbre Group, Inc.	−74	2,000	$321,580
BA	Boeing Co	−64	1,100	$238,832
DHI	Horton D R Inc /De/	−63	4,901	$705,891
ADP	Automatic Data Processing Inc	−46	2,205	$567,192
EL	Estee Lauder Companies Inc	−33	3,047	$319,081
GS	Goldman Sachs Group Inc	−22	2,683	$2,358,357
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
IBIT	iShares Bitcoin Trust ETF	16,065	$797,627
SGOL	abrdn Gold ETF Trust	9,875	$405,665
OLED	Universal Display Corp \Pa\	2,494	$291,249
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
RRBI	Red River Bancshares Inc	15,041	$974,957
JNJ	Johnson & Johnson	1,115	$206,743
HON	Honeywell International Inc	961	$199,958
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

34 positions · $46,664,613 total · as of Dec 31, 2025

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	25,707	-2,080	$17,530,117	−5.3%	37.57%
GLXY	Galaxy Digital Inc. Financial Services	Held	145,000	0	$3,242,200	−33.9%	6.95%
MA	Mastercard Inc Financial Services	Held	5,388	0	$3,075,901	+0.4%	6.59%
MSFT	Microsoft Corp Technology	Reduced	5,297	-579	$2,561,735	−15.8%	5.49%
GS	Goldman Sachs Group Inc Financial Services	Reduced	2,683	-22	$2,358,357	+9.5%	5.05%
AAPL	Apple Inc. Technology	Reduced	7,717	-2,820	$2,097,943	−21.8%	4.50%
NVDA	Nvidia Corp Technology	Held	9,210	0	$1,717,665	−0.0%	3.68%
BTCO	Invesco Galaxy Bitcoin ETF	Held	13,030	0	$1,135,825	−23.5%	2.43%
GLD	Spdr Gold Trust	Reduced	2,821	-1,990	$1,117,990	−34.6%	2.40%
UNH	Unitedhealth Group Inc Healthcare	Reduced	2,947	-82	$972,834	−7.0%	2.08%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	3,960	-475	$914,047	−6.1%	1.96%
IBIT	iShares Bitcoin Trust ETF	NEW	16,065	NEW	$797,627	NEW	1.71%
ADBE	Adobe Inc. Technology	Held	2,259	0	$790,627	−0.8%	1.69%
USAC	USA Compression Partners, LP Energy	Held	30,837	0	$709,251	−4.2%	1.52%
DHI	Horton D R Inc /De/ Consumer Cyclical	Reduced	4,901	-63	$705,891	−16.1%	1.51%
INTU	Intuit Inc. Technology	Held	969	0	$641,884	−3.0%	1.38%
SYY	Sysco Corp Consumer Defensive	Held	7,908	0	$582,740	−10.5%	1.25%
ADP	Automatic Data Processing Inc Technology	Reduced	2,205	-46	$567,192	−14.1%	1.22%
V	Visa Inc. Financial Services	Held	1,446	0	$507,126	+2.7%	1.09%
NTAP	NetApp, Inc. Technology	Reduced	4,282	-88	$458,559	−11.4%	0.98%
SGOL	abrdn Gold ETF Trust	NEW	9,875	NEW	$405,665	NEW	0.87%
AMG	Affiliated Managers Group, Inc. Financial Services	Held	1,319	0	$380,241	+20.9%	0.81%
CAT	Caterpillar Inc Industrials	Reduced	600	-112	$343,722	+1.2%	0.74%
MIN	Mfs Intermediate Income Trust Financial Services	Held	129,626	0	$338,323	−2.6%	0.73%
CBRE	Cbre Group, Inc. Real Estate	Reduced	2,000	-74	$321,580	−1.6%	0.69%
EL	Estee Lauder Companies Inc Consumer Defensive	Reduced	3,047	-33	$319,081	+17.6%	0.68%
BKT	Blackrock Income Trust, Inc. Financial Services	Held	28,485	0	$314,474	−1.8%	0.67%
OLED	Universal Display Corp \Pa\ Technology	NEW	2,494	NEW	$291,249	NEW	0.62%
BHK	Blackrock Core Bond Trust Financial Services	Held	29,548	0	$283,365	−3.5%	0.61%
ABT	Abbott Laboratories Healthcare	Reduced	2,159	-404	$270,501	−21.2%	0.58%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	3,201	-123	$269,556	−4.1%	0.58%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	519	-261	$260,875	−33.5%	0.56%
BA	Boeing Co Industrials	Reduced	1,100	-64	$238,832	−4.9%	0.51%
KRO	Kronos Worldwide Inc Basic Materials	Held	32,045	0	$141,638	−23.0%	0.30%