WESTWOOD HOLDINGS GROUP INC

Key Holdings

The portfolio is anchored by a strong preference for midstream energy and utility infrastructure. The largest position, Energy Transfer LP (ET), represents 4.50% of the portfolio ($290.46M), followed closely by Kinder Morgan (KMI) at 3.68% ($237.72M) and Cheniere Energy (LNG) at 2.93% ($189.25M). These three positions alone highlight a significant overweight in energy infrastructure compared to typical institutional benchmarks.

Beyond energy, Westwood maintains substantial positions in large-cap technology and financial services. Alphabet Inc. (GOOGL) holds the 4th spot at 2.44% ($157.25M), while JPMorgan Chase (JPM) is a major financial holding at 2.06% ($132.98M). Notably, the portfolio includes a position in the SPDR S&P 500 ETF (SPY) ($58.12M), suggesting the use of passive instruments to manage liquidity or beta exposure. The top holdings list is characterized by high-dividend-yielding infrastructure plays mixed with quality growth names, reflecting a barbell strategy.