WESTWOOD HOLDINGS GROUP INC

PublicCIK: 1165002

WHGNYSE

Location

DALLAS, TX

461

Positions

$13.73B

Total AUM (reported)

230.77M

Total Shares

Allocation by class

COM$8.96B65.2%

COM NEW$641.51M4.7%

STATE STREET SPD$348.87M2.5%

CL A$338.51M2.5%

COM UT LTD PTN$327.80M2.4%

VAN FTSE DEV MKT$310.24M2.3%

COM CL A$288.16M2.1%

Portfolio Concentration

Top 3$991.41M7.2%

4–10$1.51B11.0%

11–25$1.74B12.6%

Rest$9.50B69.2%

Top 3 weight

7.2%

Top 10 weight

18.2%

Voting Authority Distribution

Total shares with voting rights: 222.17M

Sole

Full voting authority

179.34M

% of voting shares80.7%

Shared

Joint voting authority

5.71K

% of voting shares0.0%

None

No voting authority

42.83M

% of voting shares19.3%

Investment Discretion (by position count)

Sole0

Shared0

Other461

Dominant voting typeSole · 80.7% of voting shares

Institutional Holdings461

Rows:

WILLIAMS COS INC

DFND

COM

Shares4.70M

TypeSH

Market value$342.15M

2.49%

Sole

3.45M

Shared

0.00

None

952.83K

ENERGY TRANSFER L P

DFND

COM UT LTD PTN

Shares16.98M

TypeSH

Market value$327.80M

2.39%

Sole

13.90M

Shared

0.00

None

3.08M

SPDR SERIES TRUST

DFND

STATE STREET SPD

Shares3.51M

TypeSH

Market value$321.46M

2.34%

Sole

3.10M

Shared

0.00

None

405.14K

VANGUARD TAX-MANAGED FDS

DFND

VAN FTSE DEV MKT

Shares4.84M

TypeSH

Market value$310.24M

2.26%

Sole

200.55K

Shared

0.00

None

140.85K

KINDER MORGAN INC DEL

DFND

COM

Shares7.76M

TypeSH

Market value$260.06M

1.89%

Sole

6.33M

Shared

0.00

None

1.43M

CHENIERE ENERGY INC

DFND

COM NEW

Shares749.72K

TypeSH

Market value$212.74M

1.55%

Sole

565.25K

Shared

0.00

None

184.48K

ENTERPRISE PRODS PARTNERS L

DFND

COM

Shares5.50M

TypeSH

Market value$207.97M

1.51%

Sole

4.32M

Shared

0.00

None

1.18M

ENBRIDGE INC

DFND

COM

Shares3.75M

TypeSH

Market value$203.29M

1.48%

Sole

3.21M

Shared

0.00

None

549.15K

INVESCO EXCHANGE TRADED FD T

DFND

S&P500 EQL WGT

Shares841.87K

TypeSH

Market value$161.57M

1.18%

Sole

828.09K

Shared

0.00

None

13.77K

TARGA RES CORP

DFND

COM

Shares602.24K

TypeSH

Market value$151.00M

1.10%

Sole

440.76K

Shared

0.00

None

161.48K

DT MIDSTREAM INC

DFND

COMMON STOCK

Shares1.08M

TypeSH

Market value$144.80M

1.05%

Sole

Shared

0.00

None

73.67K

ONEOK INC NEW

DFND

COM

Shares1.52M

TypeSH

Market value$137.03M

1.00%

Sole

1.12M

Shared

0.00

None

395.74K

TC ENERGY CORP

DFND

COM

Shares2.14M

TypeSH

Market value$134.15M

0.98%

Sole

1.83M

Shared

0.00

None

316.27K

AMAZON COM INC

DFND

COM

Shares614.58K

TypeSH

Market value$128.00M

0.93%

Sole

399.03K

Shared

0.00

None

115.55K

MPLX LP

DFND

COM UNIT REP LTD

Shares2.24M

TypeSH

Market value$127.66M

0.93%

Sole

1.87M

Shared

0.00

None

366.94K

JOHNSON & JOHNSON

DFND

COM

Shares486.25K

TypeSH

Market value$118.86M

0.87%

Sole

309.47K

Shared

0.00

None

76.78K

MICROSOFT CORP

DFND

COM

Shares316.19K

TypeSH

Market value$117.04M

0.85%

Sole

272.97K

Shared

0.00

None

43.22K

APPLE INC

DFND

COM

Shares454.23K

TypeSH

Market value$115.28M

0.84%

Sole

285.42K

Shared

0.00

None

68.81K

JPMORGAN CHASE & CO

DFND

COM

Shares353.97K

TypeSH

Market value$104.12M

0.76%

Sole

302.82K

Shared

0.00

None

51.14K

AAR CORP

DFND

COM

Shares948.67K

TypeSH

Market value$103.84M

0.76%

Sole

772.21K

Shared

0.00

None

176.46K

CULLEN FROST BANKERS INC

DFND

COM

Shares743.73K

TypeSH

Market value$101.95M

0.74%

Sole

553.79K

Shared

247.00

None

89.69K

AVISTA CORP

DFND

COM

Shares2.54M

TypeSH

Market value$101.88M

0.74%

Sole

2.07M

Shared

0.00

None

468.62K

SENSIENT TECHNOLOGIES CORP

DFND

COM

Shares1.18M

TypeSH

Market value$101.80M

0.74%

Sole

960.07K

Shared

0.00

None

217.67K

ALPHABET INC

DFND

CAP STK CL A

Shares345.46K

TypeSH

Market value$99.34M

0.72%

Sole

285.20K

Shared

0.00

None

60.26K

COPT DEFENSE PROPERTIES

DFND

SHS BEN INT

Shares3.25M

TypeSH

Market value$99.32M

0.72%

Sole

2.66M

Shared

0.00

None

583.77K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
WILLIAMS COS INCDFND	COM	4.70M	SH	$342.15M 2.49%	3.45M	0.00	952.83K
ENERGY TRANSFER L PDFND	COM UT LTD PTN	16.98M	SH	$327.80M 2.39%	13.90M	0.00	3.08M
SPDR SERIES TRUSTDFND	STATE STREET SPD	3.51M	SH	$321.46M 2.34%	3.10M	0.00	405.14K
VANGUARD TAX-MANAGED FDSDFND	VAN FTSE DEV MKT	4.84M	SH	$310.24M 2.26%	200.55K	0.00	140.85K
KINDER MORGAN INC DELDFND	COM	7.76M	SH	$260.06M 1.89%	6.33M	0.00	1.43M
CHENIERE ENERGY INCDFND	COM NEW	749.72K	SH	$212.74M 1.55%	565.25K	0.00	184.48K
ENTERPRISE PRODS PARTNERS LDFND	COM	5.50M	SH	$207.97M 1.51%	4.32M	0.00	1.18M
ENBRIDGE INCDFND	COM	3.75M	SH	$203.29M 1.48%	3.21M	0.00	549.15K
INVESCO EXCHANGE TRADED FD TDFND	S&P500 EQL WGT	841.87K	SH	$161.57M 1.18%	828.09K	0.00	13.77K
TARGA RES CORPDFND	COM	602.24K	SH	$151.00M 1.10%	440.76K	0.00	161.48K
DT MIDSTREAM INCDFND	COMMON STOCK	1.08M	SH	$144.80M 1.05%	1M	0.00	73.67K
ONEOK INC NEWDFND	COM	1.52M	SH	$137.03M 1.00%	1.12M	0.00	395.74K
TC ENERGY CORPDFND	COM	2.14M	SH	$134.15M 0.98%	1.83M	0.00	316.27K
AMAZON COM INCDFND	COM	614.58K	SH	$128.00M 0.93%	399.03K	0.00	115.55K
MPLX LPDFND	COM UNIT REP LTD	2.24M	SH	$127.66M 0.93%	1.87M	0.00	366.94K
JOHNSON & JOHNSONDFND	COM	486.25K	SH	$118.86M 0.87%	309.47K	0.00	76.78K
MICROSOFT CORPDFND	COM	316.19K	SH	$117.04M 0.85%	272.97K	0.00	43.22K
APPLE INCDFND	COM	454.23K	SH	$115.28M 0.84%	285.42K	0.00	68.81K
JPMORGAN CHASE & CODFND	COM	353.97K	SH	$104.12M 0.76%	302.82K	0.00	51.14K
AAR CORPDFND	COM	948.67K	SH	$103.84M 0.76%	772.21K	0.00	176.46K
CULLEN FROST BANKERS INCDFND	COM	743.73K	SH	$101.95M 0.74%	553.79K	247.00	89.69K
AVISTA CORPDFND	COM	2.54M	SH	$101.88M 0.74%	2.07M	0.00	468.62K
SENSIENT TECHNOLOGIES CORPDFND	COM	1.18M	SH	$101.80M 0.74%	960.07K	0.00	217.67K
ALPHABET INCDFND	CAP STK CL A	345.46K	SH	$99.34M 0.72%	285.20K	0.00	60.26K
COPT DEFENSE PROPERTIESDFND	SHS BEN INT	3.25M	SH	$99.32M 0.72%	2.66M	0.00	583.77K

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