Tolleson Wealth Management’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	$931K	Hold	9,890	–	–	0.13%	45
2025 Q3	$941K	Sell	9,890 -135	-1%	-$12.6K	0.15%	46
2025 Q2	$941K	Hold	10,025	–	–	0.16%	45
2025 Q1	$939K	Sell	10,025 -3,150	-24%	-$290K	0.18%	46
2024 Q4	$1.17M	Sell	13,175 -8,886	-40%	-$815K	0.24%	38
2024 Q3	$2.01M	Sell	22,061 -2,963	-12%	-$261K	0.38%	22
2024 Q2	$2.1M	Sell	25,024 -218	-0.9%	-$18K	0.41%	25
2024 Q1	$2.11M	Sell	25,242 -2,057	-8%	-$166K	0.41%	25
2023 Q4	$2.13M	Sell	27,299 -402	-1%	-$30K	0.44%	23
2023 Q3	$2.02M	Sell	27,701 -667	-2%	-$49.7K	0.49%	25
2023 Q2	$2.11M	Sell	28,368 -22,643	-44%	-$1.65M	0.51%	27
2023 Q1	$3.71M	Sell	51,011 -26,264	-34%	-$1.89M	0.96%	18
2022 Q4	$5.57M	Sell	77,275 -5,686	-7%	-$405K	1.51%	15
2022 Q3	$5.48M	Sell	82,961 -16,549	-17%	-$1.19M	1.65%	14
2022 Q2	$6.99M	Buy	99,510 +34,550	+53%	+$2.53M	1.98%	14
2022 Q1	$5.04M	Hold	64,960	–	–	1.49%	13
2021 Q4	$5.25M	Sell	64,960 -78	-0.1%	-$6.04K	1.41%	14
2021 Q3	$4.78M	Sell	65,038 -500	-0.8%	-$38.1K	1.35%	16
2021 Q2	$4.82M	Sell	65,538 -1,130	-2%	-$81.6K	1.3%	16
2021 Q1	$4.61M	Sell	66,668 -1,083	-2%	-$73.2K	1.39%	14
2020 Q4	$4.6M	Buy	67,751 +7,955	+13%	+$524K	1.52%	13
2020 Q3	$3.81M	Sell	59,796 -1,112	-2%	-$70.6K	1.54%	14
2020 Q2	$3.69M	Sell	60,908 -37,421	-38%	-$2.22M	1.62%	13
2020 Q1	$5.31M	Sell	98,329 -893,923	-90%	-$56.7M	2.32%	9
2019 Q4	$65.1M	Sell	992,252 -41,816	-4%	-$2.69M	31.51%	1
2019 Q3	$66.3M	Sell	1,034,068 -63,877	-6%	-$4.05M	36.13%	1
2019 Q2	$67.8M	Sell	1,097,945 -12,586	-1%	-$756K	46.71%	1
2019 Q1	$65.3M	Sell	1,110,531 -37,026	-3%	-$2.07M	45.18%	1
2018 Q4	$60.2M	Buy	+1,147,557	New	+$63.1M	35.39%	1