WESTWOOD HOLDINGS GROUP INC
Business
Westwood Holdings Group is an investment management and wealth management company providing advisory services and trust-company solutions. Through registered investment advisers (Westwood Management Corp., Westwood Advisors, Salient Advisors, Broadmark Asset Management) and Westwood Trust, it manages assets across U.S. value equity, multi-asset, energy & real assets, tactical absolute return, income alternatives, and managed investment solutions strategies, serving institutional investors, individuals, and mutual fund clients. The company operates through institutional and intermediary distribution channels as well as a wealth management channel serving high net worth individuals and families primarily in the Texas region.
Summary from 10-K filed 2026-03-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Other Revenue, Net | 346,000 | 2 | 534,000 | −708,000 | −339,000 | |
| Total revenues | 98 | 95 | 90 | 69 | 73 | |
| Employee compensation and benefits | 57 | 56 | 53 | 40 | 43 | |
| Amortization of intangible assets | 4 | 4 | 4 | 2 | 2 | |
| Unrealized Gain (Loss) on Investments | 2 | 0 | 6,000 | −1 | −2 | |
| Net interest and dividend revenue | 2 | 2 | 1 | 266,000 | 868,000 | |
| Other Income | 1 | 1 | 6 | 907,000 | 602,000 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 10 | 4 | 13 | −5 | 14 | |
| Provision for income taxes | 3 | 2 | 3 | −567,000 | 4 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | 7 | 2 | 11 | −5 | 10 | |
| Basic (in dollars per share) | 0.84 | 0.27 | 1.2 | −0.59 | 1.24 | |
| Diluted (in dollars per share) | 0.79 | 0.26 | 1.17 | −0.59 | 1.23 | |
| Sales and marketing | 3 | 3 | 3 | 2 | 1 | |
| Westwood funds expense | 4 | 3 | 3 | — | — | |
| Information technology | 11 | 10 | 10 | 8 | 8 | |
| Professional services | 7 | 5 | 5 | 5 | 4 | |
| General and administrative | 11 | 12 | 13 | 9 | 8 | |
| Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized | 0 | 0 | 209,000 | 7 | — | |
| Operating Expenses | 93 | 94 | 84 | 74 | 67 | |
| Operating Income (Loss) | 5 | 830,000 | 6 | −5 | 6 | |
| Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest | 19,000 | −4,000 | 1 | — | — | |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 7 | 2 | 10 | −5 | 10 | |
| Foreign Currency Transaction Gain (Loss), before Tax | 0 | 5 | 3 | 0 | 0 | |
| Net income | 7 | 2 | 11 | −5 | 10 | |
| Other comprehensive income (loss) | — | — | 994,000 | — | — | |
| Basic (in shares) | 8 | 8 | 8 | 8 | 8 | |
| Diluted (in shares) | 9 | 9 | 8 | 8 | 8 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 26 | 19 | 20 | 24 | 15 | |
| Accounts Receivable, after Allowance for Credit Loss | 17 | 14 | 14 | 14 | 11 | |
| Investments, at fair value | 21 | 28 | 33 | 15 | 65 | |
| Investments under fair value measurement alternative | 16 | 11 | 7 | — | — | |
| Prepaid Taxes | 0 | 295,000 | 205,000 | 446,000 | 233,000 | |
| Other Assets | 8 | 7 | 6 | — | — | |
| Equity Method Investments | 4 | 4 | 4 | 7 | 0 | |
| Goodwill | 40 | 40 | 40 | 36 | 16 | |
| Deferred income taxes | 2 | 2 | 726,000 | — | — | |
| Intangible assets, net | 18 | 22 | 25 | 29 | 12 | |
| Property and equipment, net of accumulated depreciation of $_,___ and $10,078 | 536,000 | 951,000 | 1 | 2 | 2 | |
| Assets | 162 | 150 | 155 | 146 | 140 | |
| Accounts payable and accrued liabilities | 8 | 6 | 6 | 6 | 3 | |
| Dividends payable | 3 | 2 | 2 | — | — | |
| Compensation and benefits payable | 14 | 11 | 10 | 9 | 10 | |
| Asset Acquisition, Contingent Consideration, Liability | 0 | 5 | 10 | 13 | — | |
| Total liabilities | 36 | 28 | 33 | 36 | 22 | |
| Common stock, $0.01 par value, authorized 25,000,000 shares, issued 11,___,___ and 11,856,737, respectively and outstanding 9,___,___ and 9,140,760, respectively | 124,000 | 122,000 | 119,000 | 115,000 | 107,000 | |
| Additional paid-in capital | 206 | 202 | 202 | 200 | 195 | |
| Treasury stock, at cost 2,___,___ and 2,715,977, respectively | −90 | −88 | −86 | −85 | −82 | |
| Retained earnings (accumulated deficit) | 9 | 6 | 5 | −4 | 4 | |
| Total Westwood Holdings Group, Inc. stockholders equity | 126 | 120 | 120 | 111 | 118 | |
| Noncontrolling Interest | 1 | 2 | 2 | — | — | |
| Stockholders' Equity, Total | 127 | 122 | 122 | 111 | — | |
| Total liabilities and stockholders equity | 162 | 150 | 155 | 146 | 140 | |
| Operating Lease, Right-of-Use Asset | 10 | 3 | 4 | 5 | 5 | |
| Operating Lease, Liability | 10 | 3 | 5 | 6 | 6 | |
| Operating Lease, Liability, Current | 10 | 3 | 5 | 2 | 1 | |
| Taxes Payable | 1 | 0 | — | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 501,000 | 602,000 | 670,000 | 687,000 | 750,000 | |
| Net change in unrealized appreciation on investments | −2 | −790,000 | −839,000 | 2 | 2 | |
| Stock-based compensation expense | 5 | 6 | 7 | 6 | 6 | |
| Deferred income taxes | −208,000 | −2 | 1 | −916,000 | 620,000 | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | 0 | 0 | 69,000 | 0 | 0 | |
| Gain (Loss) on Sale of Leased Assets, Net, Operating Leases | 0 | 0 | −119,000 | 0 | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | 0 | 5 | −3 | 0 | — | |
| Insurance proceeds | 0 | 0 | −5 | 0 | — | |
| Gain on asset disposition | 1 | 1 | 1 | 1 | 1 | |
| Net (purchases) sales of investments investments at fair value | 6 | 6 | −17 | 49 | 5 | |
| Accounts receivable | −2 | −59,000 | 135,000 | −313,000 | −2 | |
| Other assets | −720,000 | −1 | 660,000 | −2 | 189,000 | |
| Accounts payable and accrued liabilities | 1 | 283,000 | −447,000 | 1 | 1 | |
| Compensation and benefits payable | 3 | 1 | 851,000 | −861,000 | 2 | |
| Income taxes receivable and payable | 2 | −90,000 | 241,000 | −687,000 | 2 | |
| Operating lease liabilities | −1 | −1 | −1 | −1 | −2 | |
| Sale of investments | 0 | 0 | 741,000 | 33 | — | |
| Proceeds from Insurance Settlement, Investing Activities | 0 | 0 | 5 | 0 | — | |
| Purchases of investments | −3 | −4 | 0 | 0 | −15,000 | |
| Payments to Acquire Investments | −86,000 | 109,000 | 147,000 | 320,000 | 178,000 | |
| Purchases of treasury stock | 0 | −1 | 0 | −3 | −3 | |
| Restricted stock returned for payment of taxes | −1 | −939,000 | −862,000 | −627,000 | −884,000 | |
| Other Payments to Acquire Businesses | −201,000 | −10 | 0 | 0 | — | |
| Cash dividends | −5 | −5 | −6 | −6 | −23 | |
| Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | −438,000 | — | — | — | — | |
| Payments to Acquire Additional Interest in Subsidiaries | −515,000 | — | — | — | — | |
| Net increase (decrease) in cash and cash equivalents | 7 | −2 | −3 | 9 | 2 | |
| Cash paid during the year for income taxes | 1 | 3 | 2 | 2 | 2 | |
| Right-of-use assets obtained in exchange for operating lease liabilities | 8 | 0 | 173,000 | 1 | 0 | |
| Accrued dividends | 3 | 2 | 2 | 2 | 3 | |
| Payments to Acquire Intangible Assets | −449,000 | −1 | 0 | 0 | 0 | |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation | 19 | 21 | −1 | 51 | 19 | |
| Cash Provided by (Used in) Investing Activity, Including Discontinued Operation | −4 | −5 | 4 | −34 | 10 | |
| Cash Provided by (Used in) Financing Activity, Including Discontinued Operation | −8 | −18 | −6 | −9 | −27 | |
| Payment for Contingent Consideration Liability, Operating Activities | −4 | — | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2026-03-31 · 461 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $13.73B | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| WILLIAMS COS INC | — | 4.70M | $342.15M | 2.5% |
| ENERGY TRANSFER L P | — | 16.98M | $327.80M | 2.4% |
| SPDR SERIES TRUST | — | 3.51M | $321.46M | 2.3% |
| VANGUARD TAX-MANAGED FDS | — | 4.84M | $310.24M | 2.3% |
| KINDER MORGAN INC DEL | — | 7.76M | $260.06M | 1.9% |
| CHENIERE ENERGY INC | — | 749.7K | $212.74M | 1.6% |
| ENTERPRISE PRODS PARTNERS L | — | 5.50M | $207.97M | 1.5% |
| ENBRIDGE INC | — | 3.75M | $203.29M | 1.5% |
| INVESCO EXCHANGE TRADED FD T | — | 841.9K | $161.57M | 1.2% |
| TARGA RES CORP | — | 602.2K | $151.00M | 1.1% |
Frequently asked questions
What is WESTWOOD HOLDINGS GROUP INC's CIK number?
WESTWOOD HOLDINGS GROUP INC's SEC CIK number is 0001165002 (1165002). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find WESTWOOD HOLDINGS GROUP INC's SEC filings?
All of WESTWOOD HOLDINGS GROUP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did WESTWOOD HOLDINGS GROUP INC last report earnings?
WESTWOOD HOLDINGS GROUP INC (WHG) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001165002-26-000033). This is WESTWOOD HOLDINGS GROUP INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is WESTWOOD HOLDINGS GROUP INC's most recent earnings 8-K?
WESTWOOD HOLDINGS GROUP INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001165002-26-000033. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View WESTWOOD HOLDINGS GROUP INC's latest earnings 8-K →
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