WESTWOOD HOLDINGS GROUP INC
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +5.0% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 65.6% of quarters (excess t = 1.45, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 461 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| WMB | $342M | | ADD |
| ET | $328M | | ADD |
| BIL | $321M | | ADD |
| VEA | $310M | | HOLD |
| KMI | $260M | | TRIM |
| LNG | $213M | | TRIM |
| EPD | $208M | | ADD |
| ENB | $203M | | ADD |
| RSP | $162M | | ADD |
| TRGP | $151M | | TRIM |
| DTM | $145M | | TRIM |
| OKE | $137M | | TRIM |
| TRP | $134M | | HOLD |
| AMZN | $128M | | ADD |
| MPLX | $128M | | ADD |
| JNJ | $119M | | TRIM |
| MSFT | $117M | | ADD |
| AAPL | $115M | | TRIM |
| JPM | $104M | | TRIM |
| AIR | $104M | | ADD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.